The Executive Director of the Africa Center for Energy Policy (ACEP) Ben Boakye has asked civil society organisations (CSOs) and Ghanaians, in general, to be vigilant and ensure that the ongoing programme with the International Monetary Fund (IMF) works for the people. To him, playing an effective watchdog role by CSOs will ensure that the […] The post IMF deal: Let’s be vigilant to
The Executive Director of the Africa Center for Energy Policy (ACEP) Ben Boakye has asked civil society organisations (CSOs) and Ghanaians, in general, to be vigilant and ensure that the ongoing programme with the International Monetary Fund (IMF) works for the people. To him, playing an effective watchdog role by CSOs will ensure that the […] The post IMF deal: Let’s be vigilant to ensure
Balancing the demands of school attendance with the weighty responsibility of caring for younger siblings is a significant challenge facing many young girls in some parts of the Northern Region. This delicate juggling act not only strains their ability to excel academically but also casts dark shadows over their future. The struggle to fulfill familial […] The post Dreams
Samuel Kweku Ocran Star Assurance Group, the parent company of Star Assurance, StarLife Assurance, Star Micro insurance, Star Health Insurance and Pensol Capital Trust, has appointed Samuel Kweku Ocran Read More... The post Star Assurance Group Has New CEO appeared first on
Executive Director of the African Centre for Energy Policy (ACEP) Benjamin Boakye has observed that the award of large-scale contracts by the government presents a huge change to the country when it comes to corruption. He explained that sole-sourced contracts make it difficult to track efficiency in government spending and also value for money. Those […] The post Sole sourcing large
Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has revealed that he cautioned President Akufo-Addo against tampering with the Energy Sector Levy Act (ESLA), expressing concerns that such actions could lead Ghana back into the era of ‘dumsor,’ referring to the country’s previous power crisis. Mahama made this disclosure during a meeting with […] The post Dumsor:
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, is wondering how the commercial banks are going to break even and increase lending to the private sector vis-a-vis the Bank of Ghana’s higher cash reserve requirement for commercial banks. To him, the higher cash reserve requirement for commercial banks. counterproductive […] The post How
The Electricity Company of Ghana (ECG) has announced a reduction in power supply to its Mobile Bulk Supply Point in the Tema region, resulting in widespread power outages across various areas. Communities affected by these outages include Afienya, The Quarries, Christian International School, and Otsebreku. Additionally, establishments such as the Ghanaman Soccer Academy, Hot Oven, […] The post ECG
The Department of Parks and Gardens has issued a stern warning to private developers encroaching on their land. The department has threatened to demolish all illegal structures on their lands. This action follows a recent Citi News report on land encroachment in the Upper West region, where a fuel station has been erected on the […] The post Parks and Gardens to demolish illegal
President Akufo-Addo has appointed Kofi Bosompem Osafo-Maafo as the Director General of the Social Security and National Insurance Trust (SSNIT). The new Director-General of SSNIT is the son of President Akufo-Addo’s Senior Advisor, Yaw Osafo-Maafo. The younger Osafo-Maafo takes over from Dr. John Ofori Tenkorang who has been instructed to hand over his duties by […] The post Osafo-Maafo’s
Customers of Gold Coast Fund Management in the Ashanti region have issued an ultimatum to the government to return their locked-up investments or they will campaign against the party in the upcoming elections. The customers, who are agitated and frustrated, have set a deadline of June 30, 2024, for the return of their funds. In […] The post Aggrieved
Service standard concerns Freight rates standardisation Transparency and predictability By Mohammed AWAL The Chief Executive Officer (CEO) of the Ghana Shippers’ Authority (GSA), Kwesi Baffour Sarpong, has requested that shipping line charges in the sector be predictable, competitive, transparent and uniform. In his opening remarks during a meeting with the Ship Owners and Agents Association […] The post
Ghana’s second programme review with the International Monetary Fund (IMF) has entered its second week, with issues concerning tax efficiency and the avoidance of fiscal slippages in this election year dominating discussions. The IMF mission staff from Washington DC are currently in the country for a two-week assessment of the bailout package. The review also […] The post Election
Insurance Technology companies must develop innovative solutions to help address the challenges hampering insurance services delivery to expand insurance penetration and coverage, Acting Commissioner of Insurance, Mr Michael K. Andoh has stated. According to him, the difficulty in acquiring Police and Doctor’s report to claim insurance, accessing some remote parts of the country, affected insurance … The post ‘Develop
The Bank of Ghana (BoG) has explained how money laundering is done and the consequences of engaging in such illegal acts. In its Financial Literacy document, the Central Bank explained that money laundering is the process whereby money obtained from unlawful activities such as drug trafficking and corruption is legitimized through complex transactions and processes […] The post Sudden
Ghana does not need the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) for economic growth, an economist Dr John Kwakye has said. In the view of the Director of Research at the Institute of Economic Affairs (IEA), Ghana can develop by relying on its natural resource wealth. “We don’t need any SDRs […] The post Economist
When a person provides his or her legitimately or illegitimately acquired funds or assets for terrorist activities or organizations the person will be financing terrorism, the Bank of Ghana (BoG) has said. The central bank said financing of terrorism is a crime and is punishable by law therefore people should be careful they do not […] The post Becareful you do not
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
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
Joseph Boahen Aidoo A 64 Kilogram bag of cocoa has been increased from GH¢1,308 to GH¢2,070 for the 2023/2024 crop year starting from Friday, April 5, 2024. In a Read More... The post Cocoa Price Now GH¢2,070 appeared first on DailyGuide
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