Background The excess demand for the US dollar over supply remains inevitable, even in times of COVID-19 where rate of imports has declined. One of the recent Forex Forward Rates (FFR) auction in 2020 registered about 62.62% of banks’ excess bid over the accepted amount with a bid cover ratio of 2.71x, which is contrary […] The post Making the Ghana Cedi stable appeared first on
Strategic Sourcing and Industrialisation insights with Prof Douglas Boateng The dilemma for c-suite executives, public sector officials and policy makers in a developing economy When it comes to public sector sourcing, the use of competitive tendering is generally the preferred sourcing option. Yet, there are times when alternatives to competitive tendering are required. Two such […] The post To
The West Africa Branch of The Institute of Chartered Shipbrokers (ICS), has ended its 3rd Annual General Meeting (AGM) which also marked the formal launch of its 10th Anniversary Celebration under the theme “Standardisation Shipping Practices, the role of Education and Training” in Tema. The AGM was attended by Fellows, Members and Student members from […] The post Institute
…World Bank calls for policy reforms to maximise gains A new report by the World Bank has revealed that the implementation of the Africa Continental Free Trade Area (AfCFTA) has the potential to lift about 100 million people from poverty if countries commit to the agreement and put in the necessary reforms to make it […] The post AfCFTA can lift 100m out of poverty
As part of measures to increase security in the country, the Ministry of Interior has directed that all Members of Parliament (MP) be assigned police bodyguards. According to the Interior Minister, Ambrose Dery, who briefed the media in Parliament, Tuesday, October 13, some 200 police personnel have been deployed to provide personal security for MPs […] The post Legislators
… as MTN withdraws Supreme Court case The National Communications Authority (NCA) is to roll out its Significant Market Power (SMP) guidelines for telecommunication companies in the country following Scancom Plc. (MTN Ghana)’s withdrawal of an application filed at the Supreme Court to review a judgement declaring the company as an SMP. The guidelines […] The post NCA to roll
Academic City College, Ghana’s premium STEAM tertiary institution has presented a full scholarship to Mr. Daniel Kekeli Gakpetor, a student of the Presbyterian Boys Senior High School, Legon and winner of the 2020 National Science and Maths Quiz (NSMQ). The Academic City Presidential Scholarship Award worth US$ 40,000 is awarded to students for their distinctive […] The post NSMQ
The Public Utilities Regulatory Commission (PURC) is optimistic its newly inaugurated Energy Laboratory system set up to monitor operations of electric utility companies will reduce consumer complaints by about 50 percent. According to the PURC, the lab will enable it to improve its monitoring of quality of service and also assess the integrity of meters […] The post New
… Health, education and religious bodies worst culprits Out of 6,000 private and public businesses registered at the Registrar Generals’ Department, only 2,000 have registered with the Data Protection Commission (DPC), which means more than 65 percent of business in the country are not data protection compliant. The act sets out the rules and principles governing […] The post Over
…says delays deny state of much-needed revenue The Africa Centre for Energy Policy (ACEP) has urged government to review exploration contracts of companies that have failed to invest in their oil blocks. In all, about 12 oil agreements, awarded prior to 2016, are said to be idle. The delay in exploring and developing these blocks, […] The post ACEP reiterates
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