Investors are demanding tangible evidence that efforts to control the fiscal deficit are effective before they regain confidence in the cedi. This is according to GCB Capital research. Despite authorities highlighting better-than-expected economic indicators under the International Monetary Fund program and increasing reserves, including over US$2 billion in gold, cautious investors want to see decisive […] The post Investor
The Ghana Chamber of Mines joined forces with the Ladies Lead Foundation (LLF) to commemorate World Menstrual Hygiene Day, shedding light on a vital aspect of women’s and girls’ well-being and empowerment. This event marked a crucial step towards breaking the silence and stigma surrounding menstrual health, a topic that affects half of the world’s […] The post World
Internet users in Ghana can now look forward to faster and more affordable mobile data as the government has announced plans to roll out the 5G network within the next six months. The Minister for Communications and Digitalisation, Ursula Owusu-Ekuful, made this announcement at a press conference on Thursday, May 30, 2024. She disclosed that […] The post Govt
The Bank of Ghana (BoG) has responded to an article titled “Is Ghana Becoming a Dual Currency State? The Rise of Yellow Currency!” to correct some inconsistencies and misinformation. The article claimed electronic money was superseding the Ghanaian cedi for which reason strategic measures had to be taken to safeguard the use and relevance of […] The post BoG
The Chief Executive Officer of the Ghana National Chamber of Commerce and Industry (GNCCI), Mark Badu-Aboagye, has raised concerns over the potential impact of a long-term plan to address the Cedi’s depreciation on local businesses. Badu Aboagye emphasised the urgent need for the government to implement short-term measures to halt the rapid decline of the […] The post Businesses
Bernard Avle interviews Deputy Finance Minister, Dr. Stephen Amoah | #CitiCBS The post Bernard Avle interviews Deputy Finance Minister, Dr. Stephen Amoah | #CitiCBS appeared first on Citinewsroom - Comprehensive News in Ghana.
The Deputy Minister for Finance, Dr Stephen Amoah, has intimated that the flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, will draft a long-term national framework that will fight and reverse the Cedi’s sharp depreciation against the US dollar if he is elected president. The former Microfinance and Small Loans Centre (MASLOC) boss […] The post Bawumia
Deputy Minister for Finance, Dr Stephen Amoah, has stated that his comment on the Cedi’s depreciation being a ritual problem was taken out of context. Dr Amoah lamented what he termed a deliberate attempt by some persons in the media space, whom he said are famously known for quoting interviewees out of context. In an […] The post My cedi depreciation
Celebrated actor cum musician, Lilwin born Kwadwo Nkansah has postponed the premiere of his movie, “A Country Called Ghana” in Sunyani. Ahead of the premiere of the movie in Kumasi on Saturday, May 25, 2024, Lilwin and some members of his team were involved in a gory accident that led to the death of a […] The post Lilwin postpones Sunyani premiere over death
The National Entrepreneurship and Innovation Programme (NEIP) has commenced training for Kayayeis under the Kayayei Empowerment Programme under the auspices of the Office of the Vice President in Madina and Ashaiman. The training which commenced on Tuesday, May 28, will cater to 5,000 beneficiaries, with 600 participants per cohort each month, running until December 2024. […] The post NEIP
President John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has promised to commence a feasibility study for the construction of a new city outside Accra to alleviate the growing congestion in the capital. This initiative aims to create a new growth pole and generate thousands of jobs both during the construction phase […] The post Mahama proposes
A person has died after falling into the spinning turbine blades of a departing passenger jet at Amsterdam’s Schiphol airport, officials said. The death occurred as KLM flight KL1341 was on the airport’s apron getting ready to depart to Billund in Denmark. “An … incident took place at Schiphol today during which a person ended […] The post One
AriseGhana has called on President Nana Addo Dankwa Akufo-Addo to dismiss Attorney General Godfred Dame in light of a leaked conversation between him and Richard Jakpa, the third accused in the ongoing Ambulance case. Richard Jakpa, the third defendant in the ambulance trial case involving Minority Leader Dr. Ato Forson, alleged in an open court […] The post Ambulance
The Ministry of Fisheries and Aquaculture Development has disclosed that it has intensified its engagement with stakeholders ahead of the 2024 closed fishing season. According to the sector minister, Mavis Hawa Koomson, education about the exercise has been extended to most fishermen. The ministry has slated July 1 to July 31 for the 2024 closed […] The post We’ve
Three black men have filed a racial discrimination lawsuit against American Airlines, alleging that the carrier briefly removed them from a flight after a complaint about body odour. The men, who were not seated together and did not know each other, say that every black man was removed from the 5 January flight from Phoenix, […] The post Black men sue American Airlines
Google has announced that it will invest $2bn in Malaysia to establish its first data centre and “cloud region” in the Southeast Asian country. “This investment is not just about infrastructure; it’s about unlocking new possibilities for businesses, educators, and every Malaysian,” Farhan S Qureshi, country director for Google Malaysia, said in a blog post […] The post Google
The NDC parliamentary candidate for Ayawaso West Wuogon, John Dumelo, has refuted allegations of assaulting a person during the recently concluded Limited Voter Registration Exercise. Dumelo was seen in a video in a heated exchange with an individual, presumed to be a member of the New Patriotic Party (NPP), at the University of Ghana registration […] The post Voter Registration:
The flagbearer of the New Patriotic Party (NPP), Dr Mahamadu Bawumia, has promised to stabilise the local currency if he is elected president in the December 7 polls. According to Dr Bawumia, his ultimate goal is to back the Cedi with the country’s gold to ensure the currency’s stability. Speaking at a meeting with Organised […] The post My ultimate
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