Pro-New Patriotic Party group known as Patriotic Movement for Dr. Bawumia based in the Ashanti region made up of constituency executives and grassroots supporter of the Party executive are urging the party’s Flagbearer Dr. Mahamudu Bawumia, to ignore pressure from certain groups within the party to select their preferred candidate as his running mate for […] The post Stop
By: Mercy Darko Vice President Mahamudu Bawumia has reiterated the government’s commitment to achieving the Sustainable Development Goals, SDGs despite ongoing global challenges. It is in this light that the government has over the past years introduced smart policies geared towards achieving the goals, adding that focus is to invest in the educational sector to […]
By: Patience Bumbom The Deputy Attorney General, Alfred Tuah-Yeboah, has stated that his office is currently investigating to determine the validity of the marriage ceremony between Gborbu Wulomo and Naa Okromo. This follows the release of the minor to her parents on Thursday, April 18, after being in the custody of the Department of Social […]
Afro-dancehall sensation Stonebwoy has inked a global distribution and label services deal with ADA Worldwide, the independent label and artist services arm of Warner Music Group. The partnership with ADA, which is through Stonebwoy’s own Burniton Music Group, also covers Stonebwoy’s upcoming sixth studio album, slated for release later this year. “This deal marks another […] The post Stonebwoy
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
Star Assurance Group, the parent company of Star Assurance, StarLife Assurance, StarMicroinsurance, StarHealth Insurance and Pensol Capital Trust, has appointed Samuel Kweku Ocran as its Group Chief Executive Officer. He takes over the leadership role from Mr. Kofi Duffuor, the former Chief Executive Officer, who has served the Star Assurance Group and its subsidiaries for […] The post
The depreciation of the Ghanaian cedi against the US dollar continues its upward trend on the commercial forex market, with the loss in value nearing 10% for the first four months of 2024. Since the beginning of the year, the cedi has experienced marginal depreciation marking a year-to-date depreciation of approximately 9.37%. However, this marks […] The post Cedi-dollar
Dr. John Kwakye, the Director of Research at the Institute of Economic Affairs (IEA), has criticized the Akufo-Addo government for its dependence on funds from the International Monetary Fund (IMF), World Bank, and other donor agencies to strengthen the local currency. He labelled the government’s heavy reliance on foreign aid, including Eurobonds and cocoa syndicated […] The post Ghana’s
In Ghana’s fast-paced realty and dealership market, curating your dream life is just within reach, thanks to a new name in the game, Archer Piston Group. With a commitment to excellence and innovation, Archer Piston is transforming the way Ghanaians buy, sell and invest in real estate and cars; offering unparalleled convenience, exceptional value and […] The post Archer
Fresh data from the Bank of Ghana (BoG) shows banks still favour investments in government securities over and above extending credit to the private sector, meaning that businesses have access to less purchasing power in real terms. Governor Ernest Addison, in a press briefing for the 117th Monetary Policy Committee (MPC) meetings, revealed that compared […] The post Editorial:
Professor John Gatsi, economist and Dean of the University of Cape Coast Business School, has maintained that the indicative exchange rate used by the Bank of Ghana (BoG) is not reflective of the cost structure of business in the country. According to the central bank, the cedi depreciated at 6.8 percent against the US dollar […] The post Relative
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has explained why the local currency, the Cedi depreciated against the major trading ones, the Dollar, Pounds, and Euros, at a time when the local economy was expanding. Recently, the Government Statistician, Professor Samuel Kobina Annim announced that Ghana’s economy grew by 2.9% in 2023, […] The post Addison
The Minister of Finance, Dr. Mohammed Amin Adam, has said the Cedi has been largely stabilised since early 2023 against the major trading currencies. According to him, the cedi cumulatively Read More... The post Cedi Largely Stabilised Since 2023 appeared first on
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […] The post Cedi continues
The foreign exchange market though came under some seasonal pressures in February and early March this year, the local currency continues to recover its value. According to the Bank Read More... The post Cedi Continues To Recover Value appeared first on DailyGuide
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
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the Cedi was relatively stable in the first quarter of 2024 against the major trading currencies, especially the Dollar. He says they expect the stability to continue. Answering questions at the 117th Moneyray Policy Committee (MPC) press conference in Accra on Monday […] The post Cedis is relatively stable
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
Bayobab Group, a subsidiary of MTN Group, has successfully restored its operations, recovering over three terabits per second (Tbps) of capacity across the world to bolster network connectivity. A statement from MTN Group dated March 19 said, “Bayobab’s ecosystem facilitates secure and scalable global traffic within Africa and the rest of the world, serving 19 […] The post Undersea
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