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 Director of Communications for the Bawumia 2024 Campaign Team, Dennis Miracles Aboagye, is urging Ghanaians to recognize the significance of Vice President Bawumia’s initiative to digitize various sectors of the economy. Explaining this in an interview on March 25, he pointed out that digitalization is crucial for economic growth in today’s world, hence trivialising […] The post Do
Minister of State designate at the Finance Ministry, Abena Osei-Asare has indicated that the government remains committed to ensuring there is no revenue spillage as the country heads to the December polls. According to her, state agencies particularly those at the port, must intensify collaborations to address any revenue leakages in a manner that does […] The post 2024
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
Energy Minister Dr. Matthew Opoku Prempeh has challenged individuals advocating for the issuance of a load-shedding timetable by the Electricity Company of Ghana (ECG) to publish their own proposed schedules. His remarks come amidst the prevailing power challenges in the country, notably in the Greater Accra Region, impacting both individuals and businesses. Despite mounting pressure […] The post Publish
Despite the recent wave of power outages affecting regions across Ghana, Energy Minister Dr. Matthew Opoku Prempeh has staunchly defended the energy sector under President Nana Akufo-Addo’s administration, asserting Read More... The post NPP Power Sector Better Than
The Energy Minister, Dr. Matthew Opoku Prempeh, has asserted that Ghana is not currently experiencing “dumsor” (erratic power supply), refuting the necessity for a load-shedding timetable amid ongoing power Read More... The post No Need For Dumsor Timetable– Napo appeared
The Chief Executive Officer of the Independent Power Generators Ghana (IPGG), Dr. Elikplim Kwabla Apetorgbor, has commended the exceptional performance of the Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama. Dr. Apetorgbor highlighted the creativity and leadership of the ECG MD, which rescued the nation’s power situation on June 30, 2023. […] The post ECG
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, concluded her visit to Ghana on Monday, 18th March, 2024, following two days of productive engagements. Dr. Ernest Addison, Governor of the Bank of Ghana, bid farewell to the IMF MD, alongside the First and Second Deputy Governors of the bank and the IMF […] The post IMF MD departs
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 President, Nana Addo Dankwa Akufo-Addo, has launched a book chronicling Ghana’s experience with the novel Corona virus. The launch of the book was held on Wednesday, March 20, 2024 at the College of Physicians and Surgeons in Accra. Authored by the Minister for Health Designate, Dr. Bernard Okoe Boye, the book is titled Fellow […] The post Akufo-Addo launches Okoe Boye’s Fellow Ghanaians
Richard Jakpa A High Court in Accra has issued a warrant for the arrest of Richard Jakpa, the businessman who facilitated the purchase of what the Attorney General’s Office Read More... The post Ambulance Case: Arrest Warrant For Businessman appeared first
The flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has affirmed his dedication to a strategic shift towards fostering business growth and private sector development, steering the Read More... The post Bawumia
The Governor of the Bank of Ghana, Dr. Ernest Addison, has underscored the need for banks to remain committed to their critical role of bridging trade financing in both the primary and secondary markets. According to the governor, this will help strengthen the country’s financial systems. Speaking at the Ghana International Bank cocktail event to […] The post BoG
Dr. Bawumia with executives of the Chamber and other government officials The Ghana National Chamber of Commerce and Industry has embraced a number of policies Vice President and Flagbearer Read More... The post Chamber
The National Peace Council is urging political parties, their representatives and media practitioners to be mindful of their utterances, going into the December 7 general election. The Peace Council is raising concerns about the use of insults and tribal statements to score political points. Ahead of the official launch of the campaign season, the Council […] The post Be mindful
The Vice President and Flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia has reiterated that businesses and individuals will have a clean tax slate under his Presidency in 2025, to usher in a new tax system. During his maiden address to the nation as flagbearer of the NPP, Dr. Bawumia, announced that his […] The post Bawumia: I insist, businesses will have tax amnesty in
Energy Minister Dr. Matthew Opoku Prempeh is urging developed countries to support developing countries meet their net-zero targets. This, according to the Minister, can be done by these countries redeeming funding pledges they made to support developing countries towards the reduction of GHG emissions. The Minister made this call when he addressed a panel session […] The post Show
Ranking Member on Parliament’s Finance Committee, Isaac Adongo, has blamed Ghana’s plummeting economy on lack of focus by the Head of the Economic Management Team (EMT). He says the Vice President, Dr. Mahamudu Bawumia, who was propagated as an ‘Economic Messiah’ has now veered into a supposed digitalisation drive after realising the sector he was […] The post Adongo
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