Once the new Cash Reserve Requirement (CRR) policy becomes effective, it is expected to see approximately GH¢16.2billion – US$1.2 billion flow from banks to the Bank of Ghana (BoG). CRR is a rule set by central banks requiring commercial banks to keep a portion of their deposits – local and foreign currency – as cash […] The post Editorial:
The UK and US have signed a landmark deal to work together on testing advanced artificial intelligence (AI). The agreement signed on Monday says both countries will work together on developing “robust” methods for evaluating the safety of AI tools and the systems that underpin them. It is the first bilateral agreement of its kind. UK […] The post UK and US sign landmark agreement
By Joshua Worlasi AMLANU In a comprehensive update on Ghana’s debt restructuring programme, Finance Minister Dr. Mohammed Amin Adam has highlighted the government’s ongoing efforts to restore fiscal sustainability and foster economic recovery. Speaking at a press briefing, the Minister emphasised the significance of upcoming discussions with bondholder representatives to advance restructuring engagements. “In the […] The post
The Minister of Finance Dr Mohammed Amin Adam has said that a Preliminary assessment undertaken by the Ministry and the central bank shows that they are on course to meet most of the targets under the Programme with the International Monetary Fund (IMF). He said that the Finance Ministry is working with the Bank of […] The post 2nd review: We’re on course
Finance Minister Dr Mohammed Amin Adam has said that the government recognizes that significant steps must be taken to improve the business environment in Ghana. He noted that Ghana is still one of the best destinations on the continent for the private sector to thrive. Dr Amin Adam said this while inaugurating the Ghana Mutaul […] The post Ghana is still one
President Nana Addo Dankwa Akufo-Addo has accepted the resignation of Anthony Oteng-Gyasi as Board Chair of the Ghana Revenue Authority (GRA). Dr Oteng-Gyasi’s resignation was followed by the dissolution of the board of GRA. President Akufo-Addo subsequently appointed Madam Julie Essiam as the new Commissioner-General of the Ghana Revenue Authority. She replaces Rev. Dr. Ammishaddai […] The post Akufo-Addo
By Emmanuel AKOMEA The Minister of Finance Dr. Mohammed Amin Adam has announced plans to streamline port charges following a visit to the Tema port and discussions with Customs officials and agents. The decision seeks to tackle the multitude of charges at the country’s sea ports, curb duty evasion and address challenges in handling transit […] The post Port
The Finance Minister, Dr Mohammed Amin Adam, has announced that Ghana is making significant progress towards achieving the targets outlined in the 3-year, US$3bn IMF Supported Post Covid-19 Programme for Economic Growth (PC-PEG). During his first monthly press briefing on the economy in 2024, held on Tuesday, Dr Amin Adam disclosed, “The Ministry of Finance […] The post $3bn
The Ministry of Finance has emphasized the progress of the cedi since 2023, asserting that the currency has exhibited stability against major currencies. Finance Minister Dr. Mohammed Amin Adam highlighted this achievement during the Ministry’s Monthly briefing in Accra on Tuesday, March 26, 2024. Dr. Adam pointed out that from February to December 2023, the […] The post Cedi
The Minister of Finance, Dr. Mohammed Amin Adam, has highlighted the inadequacy of the country’s generated revenue to meet its infrastructural demands. He underscored the necessity for the government to resort to borrowing from the international capital market to supplement its efforts in addressing the country’s infrastructure needs. Expressing concern about the revenue raised from […] The post We
Kuami Eugene Dr. Amina Haarun, a medical practitioner, has allegedly been suspended from her duties for three months following her unauthorised disclosure of musician Kuami Eugene’s health status. The incident occurred Read More... The post Doctor
The Minister of Finance Dr Mohammed Amin Adam has explained that Artificial intelligence (AI) is forecast to contribute up to US$15.7 trillion to the global economy by 2030, of which US$1.2 trillion could be generated in Africa, thereby making AI one of the biggest economic opportunities available to our Continent. He said that Ghanaian authorities intend […] The post AI:
Niger’s military government announced that it has ended an accord with the US that allowed military personnel and civilian staff from the Department of Defence to operate in Niger – days after holding high-level talks with US diplomatic and military officials this week. “The government of Niger, taking into account the aspirations and interests of […] The post Niger
Finance Minister Dr. Mohammed Amin Adam has expressed confidence in fostering a closer partnership with the International Monetary Fund (IMF) to bolster Ghana’s economic resilience and expedite sustainable and inclusive growth. According to Amin Adam, this collaboration with the IMF will pave the way for a more prosperous future for all Ghanaians. Dr. Adam’s remarks […] The post Collaborative
Finance Minister Mohammed Amin Adam has urged the Office of the District Assemblies Common Fund (DACF) to promptly transfer the allocated GH¢181,837,022.00 to the beneficiaries of the DACF-Responsiveness Factor Grant (RFG) for the District Performance Assessment Tool (DPAT) VI. He expressed concern that the ongoing delays in transferring the funds to the Metropolitan Municipal District […] The post Transfer
Citi News’ Nana Tuffour Boateng has been named among 20 journalists selected for a 10-day multi-regional International Reporting Tour entitled “Democracy is More than Election Day” The tour which the Washington Foreign Press Centre organizes for journalists from all geographic regions will take place from March 12- 21, 2024. The tour aims to provide a […] The post Citi
Donald Trump has challenged Joe Biden to TV debates, as the rivals hurtle towards a White House rematch following their sweep of the Super Tuesday votes. The Republican said he would take part in a TV forum with the Democratic president “anytime, anywhere, anyplace” posting online in all capital letters. Mr Biden’s campaign said Mr […] The post Trump
The Minister of Finance, Dr. Mohammed Amin Adam, has expressed deep sorrow over the sudden passing of the late Deputy Finance Minister and MP for Ejisu, Dr. John Ampontuah Kumah. At the age of 45, Dr. Kumah reportedly succumbed to a brief illness on Thursday, March 7, according to sources close to the family. In […] The post Your death has left a profound
Nikki Haley is suspending her presidential campaign, making Donald Trump the last Republican left in the race. It comes after President Joe Biden and Trump swept the state primaries that were held on Super Tuesday, making a White House rematch between them even more likely. Biden won Democratic nominating contests in 14 states – plus […] The post Haley
The US Supreme Court has struck down efforts by individual states to bar Donald Trump from running as a presidential candidate for November’s election. Justices unanimously overruled Colorado’s decision to disqualify Trump from the Republican primary ballot. Judges in the state had cited an anti-insurrection clause in the US Constitution to ban Trump; similar attempts […] The post US
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