It appears the debate on which political party better manages the Ghanaian economy has been settled, as US-based Ghanaian economist, Prof. Dennis Nsafoah, says he hasn’t observed any significant difference after analysing economic data from 1992. The New Patriotic Party (NPP) has consistently claimed that it manages the Ghanaian economy better when in power compared […] The post Better
Banking consultant, Dr. Richmond Atuahene, has called on the government to provide more affordable funds to private sector players to help stimulate the country’s economy. He stated that this approach would enhance the Gross Domestic Product (GDP) and promote economic stability. During an Investment Dialogue on Citi TV on Thursday, Dr. Atuahene pointed out that […] The post ‘Give
The National Democratic Congress (NDC) in the Volta Region has urged the public to disregard statements made by the New Patriotic Party’s flagbearer, Dr. Mahamudu Bawumia, regarding the government’s construction of a fish landing site in Keta. The NDC in Keta argues that there is no evidence to support the government’s claims of having constructed […] The post Disregard
The NPP is at a crossroads! In nearly eight years in power, the party has presided over “a boom and bust economy.” The party is fighting for its political life as it seeks to break an eight-year electoral cycle. And the person charged with turning this apparent impossibility into a possibilityis its flagbearer, Dr. Bawumia. […] The post Bawumia’s
The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, is calling on the government to adopt the US Inspector General (IG) system to help effectively fight corruption. Commenting on the New Patriotic Party’s flagbearer, Dr. Mahamudu Bawumia’s address on his vision to Ghanaians on Wednesday, February 7, Dr. Kwakye said […] The post Ghana
The first two months of 2024 have brought with them a decent level of activity in the domestic corporate bond market, with two notable issuances by Kasapreko, the indigenous beverage manufacturer, and Letshego, a financial services provider. Data from the Ghana Stock Exchange (GSE) show that the former has successfully raised GH¢103.75million through a senior […] The post Kasapreko,
As Ghana embarks on implementing its ambitious 24-hour economy policy, the potential for economic growth and development is immense. This policy aims to stimulate economic activities round the clock, creating jobs, and fostering a vibrant, inclusive economy. However, to sustain this growth, enhancing tax revenue is crucial. This opinion statements outlines the strategic approaches to […] The post Enhancing
The financial services sector plays a crucial role in the country’s economy, and its human capital is the driving force behind its success. Thus, the human resources function in the financial services sector plays a pivotal role in attracting, developing and retaining talents while ensuring compliance with evolving regulations. Despite these significant contributions, the industry […] The post
Only a week after the 366-meter-long 13,676 TEU Maersk Edirne left the Port of Tema, a similar-sized containership has called the Port. The CMA CGM Scandola Valletta is the second of thirteen vessels of the same class designated for the newly introduced West Africa Express Service (WAX) where Tema is the first port of call. […] The post Transshipment Ambitions Augmented
Henry Quartey, the Greater Accra Regional Minister, has disclosed that, contrary to spare part dealers at Abossey Okai opposing the proposal to move them to Afienya, over 4,000 of the dealers appended their signatures agreeing to be moved to the proposed location. As part of its decongestion exercise of major places in Accra, the government […] The post Over
…as CIBA endorses proposed policy Former president, John Dramani Mahama, has said he will initiate an Accelerated Export Development Programme as part of the 24-hour Economy Policy implementation when voted into power. He explained that the programme will be coordinated from the presidency in order to give it the requisite support due to the critical […] The post 24-hour
The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking at a press briefing […] The post Policy rate cut to 29% on back of retreating
Ghana’s economic tapestry is rich yet challenged, marked by intricate financial dealings and the need for strategic manoeuvering. One such example is the GRA-SML deal, reflecting the complexities Ghana faces. Amid these economic intricacies, entrepreneurship education emerges as a beacon of hope, offering more than just employment opportunities, but a pathway to holistic economic rejuvenation. […] The post
The National Chairman of the New Patriotic Party (NPP), Stephen Ayesu Ntim, has issued a rallying call for unity among party members, emphasizing the collective effort needed to secure victory in the upcoming general election scheduled for December. In a message addressed to all elected candidates following the Parliamentary Primaries on Saturday, January 27, 2024, […] The post NPP
Ghana, a nation facing its worst economic challenges, recently received a much-needed cushion in the form of a US$3 billion bailout approved by the International Monetary Fund (IMF). This financial support has appeared to be a critical help for Ghana’s struggling economy, particularly in the face of the shocks brought by the COVID-19 pandemic. This […] The post
The Economic Community of West African States (ECOWAS) has responded to the withdrawal of three member states – Niger, Mali and Burkina Faso from the Commission. A joint statement from the military rulers of these member states on Sunday, January 28 said, “after 49 years of existence, the valiant people of Burkina, Mali and Niger […] The post We are yet
Afrobeats sensation Omah Lay has reflected on his time in Ugandan prison, labelling it an “amazing time” Omah Lay, along with Tems, faced legal consequences for performing at a concert in Speke Resort, Kampala, violating COVID-19 social distancing regulations at the height of the pandemic. In the interview, Omah Lay shared that despite the initial […] The post Ugandan prison was amazing for me –Omah
The Bank of Ghana (BoG) is prepared to continue the necessary structural reforms to revive the country’s shaky economy. It emphasizes the importance of vigilance and commitment in realigning the country’s economic situation. Following the approval of the second $600 million tranche from the International Monetary Fund (IMF), Dr. Ernest Addison, Governor of the Bank […] The post We’ll
as inflation eats away 92% of currency’s value since 2007 The cedi’s struggle to maintain value beyond the short term continues to raise concerns about the economy’s long-term transformation, financial expert Adjei Boateng has said. Mr. Boateng, a chartered financial analyst (CFA), highlighted the cedi’s significant devaluation, losing 91.6 percent of its value since the […] The post
The UK- Ghana Chamber of Commerce (UKGCC), a member-based trade association that promotes trade between the UK and Ghana, has released the 5th edition of its annual Ghana Business Environment and Competitive Survey Report for the year 2023. Over 690 businesses, including UKGCC member and non-member companies from 16 industries and ranging from small to […] The post
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS