The week under review witnessed a significant moderation of the prime policy rate of the Bank of Ghana, underpinned by the recent downtrends in headline inflation and relative stability of the local currency which occurred under tight monetary policy. The policy rate which for almost a year remained high at 26.00 per cent eased to 25.5 per cent in November 2016. The policy rate remained at this value until Monday, March 27, 2017 where it moderated significantly by 200 basis points
The Ghana Commercial Agriculture Project is to rehabilitate and modernise 10 of the country’s irrigation schemes. Construction work on four major irrigation schemes and six smaller ones will start in July and is expected to be completed in 18 months.
A Ghanaian company, AccTech ERP Limited, has been adjudged the Sage 300 West African Business Partner of the Year 2016. The award was given to AccTech at the Sage Business Partner Awards 2017 for Africa, held in Johannesburg, South Africa where Sage’s top performing business were recognised.
Mining activities are expected to bounce back in Obuasi following AngloGold Ashanti’s (AGA) acquisition of a new concession at Sansu. A feasibility study conducted by the company showed that the new site was endowed with an estimated five million ounces of gold reserves and about 33 million resources.
The Minister for Communications, Mrs Ursula Owusu-Ekuful has called for a concerted effort to fight cybercrime. She explained that cybercrime posed a lot of challenges to the technological development of Ghana.
President Nana Addo Dankwa Akufo-Addo has reiterated his commitment to live up to the promises he made to the people of Ghana during the 2016 electioneering.
Benefits of tvet cont’d Through effective and efficient technical and vocational training system, the manpower needs of the country are substantially met. The various national and private technical and vocational institutes strive to churn out graduates to meet the manpower needs of various firms in the industrial sector of the economy.
An investment banker, Dr Samuel Ankrah, has called on the government to take immediate steps to permanently plug the loopholes in the internal control systems at the Ghana Cocoa Board (COCOBOD) to stop any financial hemorrhage.
The Minority in Parliament has dismissed suggestions that the build, own, operate and transfer (BOOT) agreement between the government and the Africa and Middle East Resources Investment Group (AMERI) LLC is fraught with fraud.
The Chief Executive of Salt and Light Ministry, Reverend Rev. Joyce R. Aryee, has advised women to eschew the spirit of timidity and cultivate a sense of determination and innovation to help them break new grounds and take bold decisions to make progress in life. She said they should overcome tough challenges, nurture a high sense of patience, remain tactical and strategic in decision-making and be bold to overcome chronic problems that had plagued
Coalition for the Defence of Equal Citizenship (CODEC) has urged the Member of Parliament (MP) for Bawku Central, Mr Mahama Ayariga, to appeal against the verdict arrived at by the committee set up to investigate the alleged bribery of Minority MPs on the Appointments Committee of Parliament.
The Ghana Investment Promotion Centre (GIPC) has won an award for Best Project in West and Central Africa Region for 2016 at the Annual Investment Meeting (AIM) 2017 in Dubai. The Chief Executive Officer (CEO) of GIPC, Mr Yofi Grant, was presented with the award by the Sultan, Bin Saeed Al Mansoori, United Arab Emirates (UAE) Minister of Economy, during the Investment Award Gala Dinner held at the weekend at Armani Hotel in Burj Khalifa, Dubai.
The Commission on Human Rights and Administrative Justice (CHRAJ) says it will take a look at the Joe Ghartey Committee report in arriving at the decision on whether to launch another investigation into the Parliamentary Bribery Scandal or not.
Government has been urged to remove what has been described as tariff barriers that have made the country’s ports unattractive for transition of goods. Some of these tariff barriers include the two per cent special import levy which was introduced in 2013, the one per cent service charge to single window, and the 17.5 per cent VAT on transit services.
The Bank of Ghana’s reduction in the benchmark interest rate from 25.5 per cent to 23.5 per cent, signals a stimulus growth and a boost for the private sector, according to financial market players.
The President, Nana Addo Dankwa Akufo-Addo, yesterday swore in Dr Ernest Kwamina Yedu Addison as the new Governor of the Bank of Ghana (BoG). The President appointed Dr Addison in consultation with the Council of State.
Barring any last minute change of mind, former Black Stars coach, James Kwasi Appiah, is set to make a comeback to the senior national team as the head coach following his recommendations by the Ghana Football Association (GFA) six-man search committee and pending approval from the FA’s Executive Committee (ExCo).
Moscow (CNN)The suspect in Monday's train explosion in St. Petersburg, Russia, which killed 11 people and injured dozens, has been identified by Kyrgyz security services, according to several news agencies. The suspect, named as Akbarjon Djalilov, is a Kyrgyzstan national.
The United States (US) government says it will continue to partner Ghana to improve maritime security to reduce trade constraints within the West African trade route.
Counsel for former President John Dramani Mahama, Mr Tony Lithur, has sued a Commissioner of Police (COP) for trespassing on his land with the aid of armed policemen.
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