Headline inflation is expected to ease between13% to 17% by the end of 2024, according to the Bank of Ghana (BoG). The Central Bank says the expectation was as a result of inflation declining sharply by more than 30% in the course of 2023. It is also expected to trend back gradually to within the […] The post 2024 expected to end with at least 13% inflation -BoG appeared first on The
Bank of Ghana Governor Dr. Ernest Addison has said there is no better time than now for Africa to revisit the issue of scaling-up interoperability, in a bid to deepen financial inclusion and intra-Africa trade. He said the high prevalence of mobile devices, mobile money penetration and increased Internet connectivity offer an opportune window to […] The post
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking at a press briefing […] The post Policy rate cut to 29% on back of retreating
Dr. Ernest Addison, BOG Governor The Human Right Division, Accra High Court, has dismissed an application filed by Dr. Papa Kwesi Nduom, GN Saving and Loans Company and others for Read More... The post ‘Central Bank Revoked GN Bank Licence Legally’ appeared
A tense situation unfolded between Francis Asenso-Boakye, the Member of Parliament for Bantama, and his rival Ralph Agyapong, a lawyer and brother of the outspoken politician, Kennedy Ohene Agyapong. The tension escalated when Francis Asenso-Boakye began singing at the voting centre, a move deemed unprofessional by Ralph Agyapong. Prompt intervention by the police and Electoral […] The post #NPPDecides:
The Bank of Ghana (BoG) is prepared to continue the necessary structural reforms to revive the country’s shaky economy. It emphasizes the importance of vigilance and commitment in realigning the country’s economic situation. Following the approval of the second $600 million tranche from the International Monetary Fund (IMF), Dr. Ernest Addison, Governor of the Bank […] The post We’ll
The Judicial Service of Ghana has explained circumstances under which it entered into an agreement with the Ministry of Works and Housing to redevelop state lands allocated to it. According to the Service, the release of land to the Ministry was done according to due process. “Following a series of meetings between representatives of Government, […] The post Judicial Service wades into
The Ministry of Works and Housing has refuted claims that the sector Minister, Francis Asenso-Boakye colluded with a former chief Justice to sell the official residence of the late Justice Samuel Marful-Sau. This follows claims by Assin Central Member of Parliament (MP) Kennedy Agyapong that there was a collusion between a former Chief Justice and […] The post Claims
The Chief of Staff, Mrs. Akosua Frema Osei-Opare, has gone to the aid of the 70 traders who had their stalls gutted by fire at the Race Course market last Monday. She presented building materials worth about GHc150,000 for the reconstruction of the portion of the market affected by the fire outbreak. Mrs. Osei-Opare has […] The post Chief of Staff throws lifeline to Race Course fire victims
In an unexpected turn of events, the late Manasseh Addison Sackey, a 34-year-old headteacher and incumbent assemblyman, has emerged victorious in the Teberebie electoral area election in Tarkwa, Western Region. Despite the tragic incident of his drowning in a river connecting Aklika on Monday, December 4, Teacher Obour, as he was fondly known, has been […] The post Deceased
Dr. Ernest Addison The Governor of the Bank of Ghana, Dr. Ernest Addison, has stated that the Central Bank’s monetary policies with support from the Ministry of Finance have Read More... The post Economy Responding To BoG Policies – Addison appeared first
The inflation rate declined to 26.4% in November, a 19-month low, the Ghana Statistical Service has published.The Consumer Price Index (CPI) for November 2023 was 198.2 – relative to 156.8 for November 2022. The Ghana Statistical Service says food inflation was the major contributor to the decline in the rate of inflation. In November, food […] The post Inflation declines from 35% to 26% appeared first
The Minister for Works and Housing, Francis Asenso-Boakye, has officially broken ground for the implementation of the first project under the Greater Accra Resilient and Integrated Development project (GARID). This initiative aims to improve flood risk and solid waste management while enhancing access to basic infrastructure and services in flood-prone, low-income communities within the Greater […] The post Govt
The Minister for Works and Housing, Francis Asenso-Boakye, has supervised the commencement of upgrading works, which include the construction of primary and secondary drains, access roads, solid waste management facilities and security lights at Alogboshie, a surburb of Accra. Under the auspices of the Greater Accra Resilient and Integrated Development (GARID) Project, the provision of […] The post Works
The Ministry of Works and Housing has announced that the government’s initiative to implement an Accra Flood Early Warning System (FEWS) is a crucial component of its efforts to mitigate flooding in the capital. The Sector Minister, Francis Asenso-Boakye, highlighted the government’s commitment to providing necessary resources to all relevant agencies responsible for raising awareness […] The post Works
Cassiel Ato Forson The Minority Caucus in Parliament has officially requested the presence of Dr. Ernest Addison, Governor of the Bank of Ghana (BoG), to receive their petition calling Read More... The post Minority Chases BoG Governor’s Removal appeared first on
The late Manasseh Addison Sackey Manasseh Addison Sackey, the Assembly Member for Tebrebe Electoral Area in the Tarkwa Nsuaem Municipality of the Western Region, has drowned while on a Read More... The post Assemblyman Drowns En Route To Campaign appeared first on
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