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
Dr Ernest Addison, BoG Governor Ghana earned $2.8 billion from its major exports in the first two months of this year. A recent assessment of the country’s external sector Read More... The post Exports Rake In $2.8bn appeared first on DailyGuide
Banks’ performance has rebounded after the Domestic Debt Exchange Programme (DDEP), Governor of the Bank of Ghana, (BoG), Dr Ernest Addison has said. He indicated that the banks that were severely hit by the DDEP are relying on the Bank of Ghana-approved capital restoration policy. Dr Addison said these at the 117th Monetary Policy Committee […] The post Banks’ performances
The Alliance of Feminist CSOs has said that it finds the utterance made by the Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi-Boasiako, about the marital status and region of origin of Prof. Jane Naana Opoku-Agyemang completely unacceptable. The leadership of the organization has therefore called on the NPP’s leadership to call […] The post Call
Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
The Energy Minister, Dr. Matthew Opoku Prempeh, has stated that the country is not facing ‘dumsor’ (erratic power supply), indicating that individuals calling for a load-shedding timetable should release it themselves. He said the current power situation is “300 times better” than what was experienced under former President John Mahama in 2015. “If you are […] The post Load-shedding
By Emmanuel ACQUAH-SAM (Ph.D.) I write this article about a national cathedral for the God of Heaven and Earth with deep solemnity and humility. Since President Nana Akufo-Addo Danquah announced his intention to build it, the cathedral has been the subject of sacrilegious discussions domestically and internationally. For many, the point of contention has been […] The post The
Deputy General Secretary of the National Democratic Congress (NDC) Mustapha Gbande has said that the party has received an apology from a senior member Kwesi Ahwoi for his “anything can happen” comments at a nomination party for Jane Naana Opoku-Agyemang. He says although the comment is unfortunate, the apology should be enough. “I think that […] The post Kwesi
The Ministry of Foreign Affairs and Regional Integration has cautioned the travelling public to be wary of the activities of middlemen/agents who purport to have the ability to secure citizenship, resident permits and job offers in conflict areas and in countries at war. The Ministry said these journeys are perilous and often have dire consequences. […] The post Avoid travels
The Chief Executive Officer (CEO) of the Independent Power Generators, Ghana (IPGG), Dr. Elikplim Kwabla Apetorgbor, has appealed to the Ministry of Energy to reconsider its decision to reject their request to include them in the Cash Waterfall Mechanism Committee. The IPGG said that the earlier appeal to be included was rejected by the Ministry. […] The post Independent
On Thursday, March 14, Ghana and other West African countries experienced a disruption in internet services, one of which has never occurred. The post Internet disruption: Check out faulty Submarine cables which have occurred in Ghana in the last 10 years first appeared on 3News.
A Tanzanian delegation was in the country to understudy the operations of the National Petroleum Authority (NPA) in the petroleum downstream sector. The five-day visit by officials from the Tanzanian Ministry of Energy and the fuel agency was focused on NPA”s effective regulation and administration of the petroleum downstream, which according to them, proved to […] The post Tanzanian
Action Chapel International will host its 2024 Easter Convention from Wednesday, March 27 to April 1, 2024, at the Prayer Cathedral on Spintex Road, Accra. The six-day event on the theme “Open Doors” has Bishop Michael Pitts from the USA, as the Special Guest, together with a powerful team from the Prayer Cathedral. The event, […] The post Action
The three striking teacher unions are requesting the Ministry of Employment and Labour Relations to postpone their meeting with the National Labour Commission scheduled for today, March 22, to Monday, March 25. These unions, comprising the Ghana National Association of Teachers (GNAT), the National Association of Graduate Teachers (NAGRAT), and the Coalition of Concerned Teachers, […] The post Striking
The Bank of Ghana has reiterated its commitment to combating the circulation of counterfeit currency. The Central Bank emphasizes its progress toward achieving a zero-counterfeit regime. Counterfeiting and possession of counterfeit banknotes are punishable by law. During a press conference held during a tour of the currency processing centre as part of Ghana Heritage Month, […] The post BoG
The Bank of Ghana (BoG) has a duty to slash its Policy Rate (PR) drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing the rate drastically will trigger a decline in the ‘artificially high’ lending […] The post Cut policy rate drastically – Economist tells Bank
The University of Northampton through its Fresh Produce Impact Hub (FRESHPPACT) has held stakeholder discussions to engage key stakeholders on the research solutions being developed by the university and its partners to help address plastic pollution in Ghana. It is estimated that 840,000 tons of plastic waste is generated in Ghana annually, with limited recycling […] The post University
Rev. Stephen Wengam The General Superintendent of Assemblies of God, Ghana, Rev. Stephen Wengam says the church is vigorously pursuing its Transformation Agenda to reposition it as the leading Read More... The post Assemblies Of God On The Move appeared first on DailyGuide
The National Road Safety Authority (NRSA) has disclosed that road crashes for the first two months of January and February 2024 saw a slight increase. The Director-General of the NRSA, Ing. David Osafo Adonteng, at the launch of the 2024 Road Safety Easter Campaign, disclosed that 2,260 road crashes were reported involving 3,910 vehicles, with […] The post 369
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