Minister of Finance, Dr. Mohammed Amin Adam, has disclosed that Ghana’s agriculture sector expanded by 4.5 percent for the year 2023. The minister in the ‘2024 1st Monthly Press Briefing on the Economy’ added that the livestock, crops, and fishing subsectors also expanded by 6.5, 4.8, and 4.1 percent respectively. “Agriculture sector which expanded by […] The post Ghana’s
The post Ghana’s Economy: We must admit that our economy is ‘Dollarized’ – Paul Eric Ofori appeared first on Citinewsroom - Comprehensive News in Ghana.
By Buertey Francis BORYOR The Institute of Statistical Social and Economic Research (ISSER) of the University of Ghana has called for a review of the Special Drawing Rights (SDRs) allocation framework. The SDRs is an international reserve asset created by the IMF to supplement the official reserves of its member countries. ISSER proposed that allocations under SDRs, an international […] The post
In Akyem, the Learnership Trainee Programme has been instrumental in providing young people with the skills needed for building careers in mining. Launched in November 2015, the initiative is part of Newmont’s effort to contribute to the local community by training youth in operational and employable skills. As the programme entered its eighth (8th) year […] The post
The Mining Income Investment Fund (MIIF), is on the verge of piloting what has been described as the most revolutionary financing initiative for small scale gold mining in Africa. This was disclosed by the CEO of MIIF, Edward Nana Yaw Koranteng at the Distinguished Speaker Series at the University of Mines and Technology, UMat, Tarkwa. […] The post Small-scale
By Kizito CUDJOE, Abidjan – Côte d’Ivoire A policy analyst and advocacy officer in sovereign debt management, Shem Joshua Otieno, has raised concerns about Africa’s financial challenges amid a persistently austere global economic landscape. He lamented that as of 2024, the continent finds itself entangled in a web of debt, with a staggering total of […] The post Africa’s
The value of the economy in 2023 stood at GHS841.6bn relative to GH¢ 614.3bn representing a GH¢227bn increase from the previous year. This was driven by the dominance of the services sector which contributed GH¢357.34 billion or 45.6% of Gross Domestic Product (GDP), followed by industry with GH¢247.941 billion (31.7% of GDP), and agriculture at […] The post Value
Oxford Business Group (OBG) and MIIF have published its comprehensive report titled “ESG in Ghana’s Mining Sector,” shedding light on the pivotal role of Environmental, Social, and Governance (ESG) considerations in shaping the nation’s mining landscape. The report delves into the evolution of Ghana’s mining industry, exploring how ESG policies and initiatives are driving responsible […] The post
Government Statistician, Professor Samuel Kobina Annim has said that Ghana’s economy grew by 2.9% in 2023, from the 3.8% recorded in 2022. The Services sector contracted by -1.2%, he added. Commenting on this development, an economist Dr Theo Acheampong asked on his X platform whether this is a further sign of relative macro-stabilisation. “Further signs […] The post Ghana’s
Latest data from the Ghana Statistical Service indicates that the cumulative growth of the economy stood at 2.9 percent in 2023. This is a 0.9 percentage points drop from the 3.8 percent recorded in 2022 but higher than the government’s revised target of 1.5 percent for the period under review. The fourth quarter also expanded […] The post Ghana’s economy expanded by 2.9% in 2023
By Korsi DZOKOTO In the realm of economic management, Ghana stands as a stark example of the profound impacts of mismanagement and corruption on a nation’s fiscal health. The story of Ghana’s economic trajectory is one of promise overshadowed by poor governance, inflated project costs, and unchecked borrowing. As we delve into the intricate web […] The post Counting the cost
“Port-au-Prince is in panic mode,” a friend in the Haitian capital texted me. Residents of Petionville, a wealthier area of of the city, are shaken after their most violent day so far in the country’s spiralling security crisis. More than a dozen bullet-ridden bodies lay in the street – the victims of the latest gang […] The post Haiti
Economist and senior lecturer at the University of Ghana, Dr. Adu Owusu Sarkodie, has stated that a consistent decline in inflation has resulted in drastic price reductions as the economy continues a steady rebound. Speaking on TV3’s Ghana Tonight programme on Monday, March 18, Dr. Adu Sarkodie pointed out that there have been improvements in […] The post Reduction
Kwaku Kwarteng, Chairman of the Finance Committee of Parliament and MP for Obuasi West has attributed Ghana’s current economic crisis to decades of reckless public expenditure and mismanagement by successive governments. In an interview with Accra-based JoyNews, the Obuasi West legislator noted that COVID-19 and Russia’s invasion of Ukraine are not solely responsible for the […] The post Kwaku
…global players exploring opportunities within AfCFTA By Kestér Kenn KLOMEGÂH The scramble for the multidimensional control of the African continent by global players is a geopolitical reality. In order to be part of this geopolitical arena, foreign players have been devising different mechanisms for revitalizing partnership and strengthening cooperation with Africa, says Dr. Babafemi A. […] The post
The IMANI Centre for Policy and Education, and Professor Kwesi Aning of the Kofi Annan International Peacekeeping Training Centre, have initiated legal proceedings against the Attorney General concerning the appointment processes for leaders of uniformed security agencies. The petitioners have raised issues regarding the practice of new governments discontinuing the tenures of certain institutional heads. […] The post IMANI,
The Electoral Commission (EC) has declared that the filing fees for the 2024 Presidential and Parliamentary Elections will not be different from those charged during the 2020 polls. The EC has set the filing fee for presidential candidates at GH¢100,000 while maintaining the filing fee for parliamentary candidates at GH¢10,000. During the 2020 polls, the […] The post 2024
President Nana Addo Dankwa Akufo-Addo has announced that Ghana is set to commence large-scale salt production. He attributes this development to the Ada Songhor Salt project, led by Electrochem Salt Mine Limited, which he believes will significantly transform the Ghanaian economy. On Ghana’s 67th Independence Day in Koforidua, Eastern Region, on March 6, the President […] The post Ghana
I prefer we dig right into the pointers on the ends of the spectrum of job-seeking insights, highly relevant to a successful hunt, and leave the googleable stuff at the latter part of the article. Essentially, we start from the middle… THE IMPORTANCE OF SOFT SKILLS IN A TECH-DRIVEN MARKET While technical skills can […] The post Modern Skills and Strategies
The National Democratic Congress General Secretary, Fifi Fiavi Kwetey, says the 24-hour economy proposal being championed by his party’s flagbearer, John Mahama, is a transformative initiative that aims to address Ghana’s increasing unemployment crisis and reshape its economic landscape. His statement follows the surge in Ghana’s unemployment rate, especially among the youth, citing statistics from […] The post Mahama’s
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