The International Monetary Fund (IMF) has reached the staff-level agreement on review of the extended credit facility with Ghana. The IMF in a statement released on Saturday April 13, 2024, said Ghana will have access to about US$360 million in financing once the review is approved by IMF Management and formally completed by the IMF […] The post IMF
The Ministry of Tourism, Arts, and Culture and the Ghana Tourism Authority are hopeful that the Ministry of Finance will consider providing tax reliefs in the mid-year budget review for operators in the sector following a paper they presented on the issue. According to the two entities, poised to make tourism the number one GDP […] The post Domestic tourism:
The Ghana Private Roads and Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC) have urged commuters not to adhere to any proposed new transport fares that have yet to receive official approval. This announcement comes in response to the Transport Operators Union and the Concerned Drivers Association of Ghana, declaring a 30 […] The post Don’t
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU [email protected] / [email protected] The recent hike in inflation in March was ‘not surprising’ and poses no significant threat to the general recent disinflationary trend, Head of Research at GBC Capital, Courage Boti, has said. Consumer inflation reached a new high of 25.8 percent in March 2024, […] The post
The Chartered Institute of Logistics and Transport, CILT Ghana, has organised a business forum to discuss the cost of doing business in Ghana’s ports as well as its implication on import and export trade. The forum had participation from key stakeholders like Ghana Ports and Harbours Authority, Shipping Lines, Ghana’s Shippers Authority, and some logistics […] The post CILT discusses cost
The Customs division of the Ghana Revenue Authority has vowed to clampdown diversion of transit cargo in the country. At a stakeholder engagement on securities of transit cargo in Tema, the Acting Deputy Commissioner of the suspense regime fletching Akoto said the country loses a lot of revenue as a result of diversion of Cargo, […] The post GRA to clampdown on diversion of transit cargo appeared
The Electricity Company of Ghana (ECG) is to commence a 33kV line upgrade project aimed at improving power supply reliability in the Ashanti Region. The project, being undertaken by Indian firm Arvensis Energy Private Limited over an 11- week period will focus on enhancing the existing 33kV line from Ridge BSP through the Kaase Substation […] The post ECG
The donated items The Abbosey Okai Spare Parts Dealers Association has donated food items to Muslims in the community as part of the Eid celebration. The donation included bags Read More... The post Spare Parts Dealers Support Abbosey Okai
Inflation for March 2024 increased sharply to 25.8% from 23.2% recorded in February 2024. This means that in March 2024, the general price level was 25.8% higher than in Read More... The post Inflation Rises To 25.8% appeared first on DailyGuide
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has told the government to empower any of the commercial banks to take over the running of the ‘Gold for Oil’ porgramme. To him, any commercial bank will be able to do so if its capacity is built by the government. Dr Addison said this […] The post Empower a commercial bank to take over ‘Gold
Buem Member of Parliament, Mr Kofi Adams, has asked the Governor of the Bank of Ghana (BoG), Dr Ernest Addison whether there is any commercial bank in Ghana capable of running the Gold for Oil programme if the central bank decides to shift to the operations to them. This was after Governor Addison hinted that […] The post Is there any commercial bank
Bryan Acheampong, Minister for Food and Agriculture THE MINISTRY of Food and Agriculture (MoFA), has said it has not approved the commercialization of the maize and soya products, which Read More... The post Govt Has Not Approved NBA Soya, Maize Seeds – MoFA
The Ghana Union of Traders (GUTA) has unveiled a comprehensive 20-point agenda to guide political parties craft their campaign manifestos. GUTA in its document, urged political parties to prioritise policies that support entrepreneurship and commerce and underscored the need to foster a conducive business environment. Speaking to journalists after meeting with the leader of the […] The post GUTA
President Nana Addo Dankwa Akufo-Addo, has during the State visit of the President of Guinea-Bissau Umaro Mokhtar Sissoco Embaló, announced the giant strides being made by Ghanaian products under the Guide Trade Initiative of the African Continental Free Trade Area (AfCFTA). Following the maiden roll out of the Guided Trade Initiative, President Akufo-Addo said, over […] The post Over
Development Bank Ghana (DBG) has hosted a delegation from Germany’s Bundestag (Federal Parliament). A statement issued by the bank in Accra yesterday said discussions during the meeting spanned DBG’s forward-looking initiatives, including the Green Finance & Investment Facility and the DBG Guarantee product, highlighting DBG’s commitment to fostering economic resilience and sustainability. The Green Credit … The post DBG,
In a gesture of appreciation and commitment to community engagement and partnership, Telecel Ghana has paid a courtesy call on King Tackie Teiko Tsuru II, Ga Mantseand President of the Ga Traditional Council. The visit comes after the organisation’s successful brand unveiling event held in the month of March in Accra. Telecel Ghana’s Senior Management … The post Telecel
The Ghana Private Road Transport Union (GPRTU) is scheduled to meet the Transport Ministry today, April 10, 2024, to discuss proposals for a potential increase in transport fares. The Read More... The post GPRTU
The World Bank (WB) is expecting an upward progression of Ghana’s Gross Domestic Product (GDP) to hit 5.0% by 2026. This follows a projected 2.9% marginal GDP growth for Read More... The post Ghana To Return To 5.0% GDP Growth – WB appeared first on
Julie Essiam In an official statement, the Ministry of Finance has announced the appointment of new leaders to the Ghana Revenue Authority (GRA), a move intended to bolster the Read More... The post Shake Up At GRA, Army Officer Takes Over Customs appeared
The Western Regional Secretariat of the Ghana Private Road Transport Union (GPRTU) has suspended its decision to increase transport fares by 30%. According to the secretariat, the decision follows Read More... The post WR GPRTU Suspends 30% Fare Increment appeared first on
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