Rev. Dr. Samuel Worlanyo, an economist and spokesperson of the Grand Coalition, has warned about the potential collapse of Ghana’s economy if it continues to heavily rely on borrowing from financial institutions such as the International Monetary Fund (IMF). In acknowledging the necessity of borrowing for governmental initiatives and projects, Dr. Worlanyo stressed the critical […] The post Any
The Chamber of Petroleum Consumers (COPEC) has chided the Ministry of Transport over its directive to the Ghana Police Service regarding the implementation of new fares. The Ministry, on Monday, April 15, directed the Ghana Police Service to be on the lookout for commercial drivers who are charging fares exceeding the approved rates. Executive Secretary […] The post Transport
The Ghana Cocoa Board (COCOBOD) has painted a gloomy picture of the potential loss of Ghana’s premium position in the international cocoa market due to activities of illegal mining. In an interview on The Point of View with Bernard Avle, Prof. Michael Kwarteng, Director of the Anti-Corruption Galamsey Unit of COCOBOD, lamented the adverse impact […] The post Ghana
The ministry of finance has affirmed that ongoing negotiations regarding debt restructuring with creditors have not culminated in failure. Through a tweet, the ministry clarified that an interim agreement has been reached between Ghana and bondholders, but adjustments are necessary to align with IMF debt sustainability targets. “Ghana and Bondholders reached an interim deal, which […] The post
By Joshua Worlasi AMLANU [email protected] Finance Minister Dr. Mohammed Amin Adam has assured that government is pushing forward with its debt negotiations, determined to reach an agreement with its creditors that is acceptable to all parties while staying within the sustainability targets of its IMF-supported economic programme. Ghana is aiming to cut US$10.5billion from its […] The post
The Minister for Finance, Dr. Mohammed Amin Adam, is leading Ghana’s delegation to the IMF/World Bank Spring Meetings taking place in Washington DC. The delegation, which is made up of officials from the Finance Ministry and the central bank, include Abena Osei Asare, Minister of State at the Finance Ministry; Fatimatu Abubakar, Minister for Information; […] The post
The National Service Scheme (NSS) has called on President Nana Akufo-Addo to swiftly sign the Ghana National Service Authority Bill 2024 into law. The move aims to grant the secretariat authority and autonomy, as stated by the NSS during the policy launch on April 15, 2024. The Executive Director of NSS, Osei Assibey Antwi, emphasized […] The post NSS urges Akufo-Addo
Ghana has been eliminated from the 2024 Futsal Africa Cup of Nations after a defeat to Angola on Monday night. Ghana faced Angola in a must-win match looking to give themselves a chance of progressing from the group stage but However, ended up on the losing side once again as they lost 11-3. Angola entered […] The post Futsal AFCON 2024: Ghana exits competition after losing to
Stanbic Bank Ghana, a subsidiary of the Standard Bank Group, has signed a Memorandum of Understanding (MOU) with the Ghana Medical Association (GMA) aimed at offering tailor-made financial solutions to members of the GMA. Speaking at the MOU signing ceremony at Stanbic Heights in Accra, Kwamina Asomaning, Chief Executive of Stanbic Bank said health is […] The post
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […] The post OmniBSIC
The Minister of Finance, Dr Mohammed Amin Adam, has reaffirmed that Ghana’s medium-term macroeconomic outlook and prospects remain positive and promising. He also highlighted the government’s dedication to implementing comprehensive structural reforms to bolster growth and enhance revenue mobilisation. Speaking during a joint press conference by the government of Ghana and the International Monetary Fund […] The post Ghana’s
The government is determined not to overburden Ghanaians with the payment of more taxes, Dr Mohammed Amin Adam, the Finance Minister, has assured. Rather, the government would ‘use the hard way’ to collect revenue from those who have not been paying the appropriate taxes, as well as those who have been evading taxes in the […] The post We won’t overburden Ghanaians
Dr Mohammed Amin Adam, the Minister of Finance, has outlined key performance indicators that led to the successful completion of the Second Review by the International Monetary Fund (IMF). On Saturday, April 13, 2024, the IMF disclosed that it had reached a staff-level agreement on the second review of the extended credit facility with Ghana. […] The post IMF
Godwin Edudzi Tameklo, the Director of Legal Directorate for the National Democratic Congress (NDC), has expressed concerns about the government’s alleged plan to rename the Ameri Power Plant as the Kumasi 1 Thermal Power Plant. The Volta River Authority in a recent Facebook post announced the commissioning of the Kumasi 1 Thermal Power Plant (K1TPP) […] The post Rebranding
In a collaborative effort to address the pressing healthcare needs of the nation, the Ministry of Finance (MOF), Ghana Revenue Authority (GRA), and Ministry of Health (MOH) have joined forces to expedite the clearance of crucial pharmaceuticals supplied through the Global Fund, from the Tema port. Amidst concerns over the delay in releasing medical supplies, […] The post MOF,
The founder and leader of the Movement for Change, Alan Kyerematen, has pledged to abolish several taxes imposed on imports that he said are unnecessary and a huge burden to the trading community. Mr. Kyerematen made the pledge in an engagement with members of the Ghana Union of Traders Association (GUTA). He said the abolishment […] The post Ghana will have
Rotary International has conferred its most prestigious fellow’s medal on the Inspector-General of Police Dr George Akuffo Dampare. The prestigious Paul Harris Fellow’s medal was conferred on the IGP during the Rotary International District 9104 Official District Conference in Kumasi which the Asantehene Otumfuo Osei Tutu attended. This recognition celebrates Dr Akuffo Dampare’s exceptional leadership […] The post Rotary
The Minister for Works and Housing, Kojo Oppong Nkrumah has tasked contractors working on the Greater Accra Resilient and Integrated Development (GARID) project to expedite construction works to mitigate the risk of flooding in the Capital during the rainy season. The Minister’s directive came in a meeting on Friday, April 12, 2024, with project coordinators […] The post Work
The Government is seeking to plug the revenue gap created as a result of the abandoned VAT on electricity with a tax on the foreign incomes of resident Ghanaians. At the beginning of the year, the government introduced a value-added tax on electricity, however, it was forced to abandon the initiative following a public backlash. […] The post Govt
Former Ghana captain Asamoah Gyan has reminisced about the 2006 World Cup, acknowledging the challenge he faced against Italy, particularly against defender Fabio Cannavaro. In what marked Gyan’s debut appearance in the World Cup, he encountered one of the era’s finest defenders and struggled to break through. Reflecting on the match, he admitted, “Italy was […] The post Asamoah
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