Kwaku Kwarteng, the Chairman of the Finance Committee of Parliament, has disagreed with government machinery that Ghana’s economic woes are largely to blame on global events such as the COVID-19 pandemic and the Russia-Ukraine war. The Obuasi West MP said reckless public spending and economic mismanagement of past and present governments are also major contributing […] The post Reckless
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
The African Guarantee Fund (AGF) and United Bank for Africa (UBA), on Monday, signed a partnership that ensures that UBA provides US$100million in new loans to small and medium enterprises (SME) and businessowners across the 20 African countries where the bank has presence in Africa. The AGF, under this agreement, will support and guarantee SMEs with US$50million Portfolio […] The post
By Cina Lawson and Rory Stewart For decades, the international community has grappled with the challenge of ending extreme poverty, which is the leading Sustainable Development Goal for 2030. Despite some progress, we remain far off track, with an estimated 700 million people still struggling to survive on less than $2.15 per day. Unlike in […] The post A
President Akufo-Addo Ghana is likely to lose US$3.8 billion in World Bank financing over the next five to six years if the Human Sexual Rights and Family Values Bill Read More... The post Anti-Gay Bill… Ghana To Lose $3.8bn World Bank Funds appeared
The Akufo-Addo-Bawumia-led New Patriotic Party (NPP) government has announced the setting up of a FinTech Innovation Fund (FIF) to support FinTech start-ups in a move to drive the country’s Read More... The post Govt To Set Up FinTech Fund appeared first on DailyGuide
The ad-hoc committee tasked with probing the issues surrounding the locked-up funds of customers affected by the collapse of Gold Coast Fund Management Limited has postponed its public hearing to Wednesday, February 28, 2024. This adjustment is to make way for President Nana Akufo-Addo’s State of the Nation address in Parliament, scheduled for Tuesday, February […] The post Gold
The ad-hoc committee tasked with probing the issues surrounding the locked-up funds of customers affected by the collapse of Gold Coast Fund Management Limited has postponed its public hearing to Wednesday, February 28, 2024. This adjustment is to make way for President Nana Akufo-Addo’s State of the Nation address in Parliament, scheduled for Tuesday, February […] The post Public
The Government has plans to set up a FinTech Innovation Fund to support Start-ups to drive Ghana’s digital revolution. Vice President Mahamudu Bawumia announced this in Accra on Monday during the official press launch of the maiden 3i Africa Summit. The three-day summit, to be held in Accra, is scheduled for May 13-15, 2024, on […] The post Government to introduce
Zenith Bank has reaffirmed its commitment to the real economy, as evidenced by a slew of measures geared toward empowering Micro, Small and Medium Enterprises (MSMEs) in the country, a move which it describes as ‘true banking’. This renewed dedication was announced by its Managing Director and Chief Executive Officer, Henry Onwuzurigbo, and comes on […] The post Zenith
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Renowned Nigerian singer, Timaya, recently opened up about his harrowing struggle with drug addiction, shedding light on a period that nearly derailed his life and career. In a heartfelt revelation, the Afro-dancehall artist shared the profound impact of his journey, serving as both a cautionary tale and an inspiring testament to resilience. In a candid […] The post Drug addiction almost ruined me – Timaya
The latest Ghana Petroleum Holding Fund (PHF) semi-annual report, released by the Bank of Ghana, shows that the country received over $521 million into its Petroleum Holding Fund (PHF) for the second half of 2023. However, this amount represents a decrease compared to the US$696.82 million petroleum receipts recorded during the same period in 2022. […] The post Ghana’s
A delegation from the Global Community Engagement and Resilience Fund (GCERF), led by the Board Chairman Mr. Stefano Manservisi, visited Ghana to discuss collaborative efforts in countering violent extremism. During the visit, the team paid a courtesy call on the President of the Republic, HE Nana Addo Dankwa Akufo Addo, the Minister for National Security, […] The post GCERF
Ghana’s MIIF has stepped up efforts to attract North American partners into the Ghanaian mining space. MIIF, the sovereign minerals fund of Ghana, was created by law to manage the equity interests of the Government of Ghana in mining companies and collect and manage mining royalties due the state for purposes of investment. M 11F […] The post MIIF
“It’s a difficult decision, but a necessary decision,” he said, “to protect public finances”, and move away from the “whatever it costs” measures introduced to prop up the economy during the Covid-19 pandemic and extended as energy costs skyrocketed with Russia’s invasion of Ukraine. In September the government had promised to not raise electricity prices more than […] The post French
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Artificial intelligence will affect up to 40% of jobs worldwide, the International Monetary Fund (IMF) has warned. This could rise to 60% of roles in advanced economies like the UK – but it is believed that, in half of these cases, AI will benefit the workforce. In a new report, the IMF warned that AI’s […] The post Artificial intelligence
Aggrieved customers of the now-defunct Gold Coast Fund Management Limited are expressing concern about the delay in the commencement of work by the parliamentary ad hoc committee tasked with investigating issues related to their frozen funds. The committee, established by Speaker of Parliament Alban Bagbin on December 6, 2023, with a 3-month timeframe for the […] The post Gold
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