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Any govt depending on IMF is likely to fail – Grand Coalition
Rev. Dr. Samuel Worlanyo, an economist and spokesperson of the Grand Coalition, has warned about the potential collapse of Ghana’s economy if it continues to heavily rely on borrowing from financial institutions such as the International Monetary Fund (IMF). In acknowledging the necessity of borrowing for governmental initiatives and projects, Dr. Worlanyo stressed the critical […]
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Economy
Finance Ministry affirms progress in debt restructuring talks with creditors
The ministry of finance has affirmed that ongoing negotiations regarding debt restructuring with creditors have not culminated in failure. Through a tweet, the ministry clarified that an interim agreement has been reached between Ghana and bondholders, but adjustments are necessary to align with IMF debt sustainability targets. “Ghana and Bondholders reached an interim deal, which […]
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Economy
Gov’t determined to reach debt agreement within sustainable targets
By Joshua Worlasi AMLANU joshua.amlanu@thebftonline.com Finance Minister Dr. Mohammed Amin Adam has assured that government is pushing forward with its debt negotiations, determined to reach an agreement with its creditors that is acceptable to all parties while staying within the sustainability targets of its IMF-supported economic programme. Ghana is aiming to cut US$10.5billion from its […]
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Editorial
Editorial: Intensify AfCFTA education to rope in more women and youth
There is a lack of detailed information on the African Continental Free Trade Area (AfCFTA) among women and youth in business, a situational analysis conducted by the Aya Institute for Women, Politics and Media, has found. While information about the protocol has primarily reached technical experts and businesses, women and youth in the micro, small […]
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Business
March’s 25.8% rate poses no threat to disinflation trend – analyst
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU joshua.amlanu@thebftonline.com / ebenezer.njoku@thebftonline.com The recent hike in inflation in March was ‘not surprising’ and poses no significant threat to the general recent disinflationary trend, Head of Research at GBC Capital, Courage Boti, has said. Consumer inflation reached a new high of 25.8 percent in March 2024, […]
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Economy
Don’t pay any fare outside the existing ones – GPRTU, GTRCC tell commuters
A strong caution against charging unapproved fares by certain drivers has been issued by the Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC). In a press release dated April 11, they stressed that increasing transport fares without approval is illegal and that passengers should ignore any increases. “It has […]
The post Don’t
Economy
‘I’m shocked’ – Mahama on excessive import duty
Flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has expressed surprise at the multiple levies and taxes imposed on imported vehicles at the port. Addressing members of the Ghana Union of Traders Association (GUTA) in Accra, the former president, however, lashed out at the traders’ union for not joining the NDC minority […]
The post ‘I’m shocked’
Economy
African economies projected to grow by 3.4% in 2024
but faster and more equitable growth needed to reduce poverty Increased private consumption and declining inflation are supporting an economic rebound in sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters and escalating conflict and violence, according to the World Bank’s latest Africa’s Pulse […]
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Economy
Govt used Eurobonds to give ‘artificial strength’ to Cedi – Tamakloe
The Director of Legal Affairs for the opposition National Democracy Congress (NDC), Edudzi Tamakloe, has stated that the New Patriotic Party under President Akufo-Addo used the Eurobonds to cushion Ghana’s currency from depreciation from 2017 to 2021. He said the government decided to use Eurobonds to give the Cedi an ‘artificial strength’ emphasising that the […]
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Business
Ghana’s economy is improving – BoG Governor
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […]
The post Ghana’s
Politics
2024 elections: Economic Fighters League urges collaboration to challenge NDC-NPP duopoly
The Economic Fighters League says it has been closely monitoring recent developments within the political landscape as prominent figures from the establishment defect to forge alliances with other movements, all aimed at challenging the entrenched dominance of the New Patriotic Party and the National Democratic Congress. The Fighters said they extend a warm welcome to […]
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Economy
Transport fares hike: GPRTU to meet on April 10
The Ghana Private Road Transport Union (GPRTU) is set to meet on Wednesday, April 10, to deliberate on the possible increase in transport fares. However, the Western regional branch of the union has announced a 30-percent increment in transport fares for its members, effective Monday, April 8. The driver’s union has complained over the increasing […]
The post Transport fares hike: GPRTU
Editors' picks
Women in PR unveils top 10 PR Women for 2023
Women in PR Ghana (WiPR) is excited to unveil the Top 10 Women in PR for the year 2023. This prestigious recognition, which is in its 7th year, celebrates the remarkable contributions of women in the field of Public Relations, highlighting their innovative strategies, impactful campaigns and dedication to the growth of the industry. The […]
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News
Ghana ranked 5th best-governed country in Africa
According to the 2023 World Economics Governance Index study, Ghana is one of Africa’s top ten best-governed countries, ranking fifth behind Mauritius, Namibia, South Africa, and Botswana. Per the ranking, Ghana outperformed Senegal, Malawi, Lesotho, Burkina Faso, Togo, and Nigeria. Ghana scored a grade of B, and with an index of 61.7, secured the 5th […]
The post Ghana ranked 5th best-governed
Opinion
Ghana needs an anti-harassment policy to protect women online [Article]
“Men were sending me photos of their private parts with inappropriate messages. Some would call you at odd hours of the day and all these made me very uncomfortable so I was forced to close my Facebook account,” says 30-year-old banker Ama Asante. As far as she remembers, she only actively made posts about trending […]
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Celebrity News
“Women with God-given talent are a worthy investment” – Celestine Donkor- Celestine Donkor
Gospel singer Celestine Donkor believes that women, especially those with musical talent, deserve more investment. In an interview on Property FM, Celestine Donkor argued that investing in women leads to greater returns. Donkor acknowledges the challenges women face in the music industry. However, she insists that women with God-given talent are a worthy investment. […]
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Business
Economic indicators were worse in 2023 than what Akufo-Addo inherited in 2016 – IEA
The Institute of Economic Affairs (IEA) has criticized the government for its poor macroeconomic performance from 2020 to 2022. During this period, Ghana experienced an economic downturn, with the government seeking a 3 billion bailout from the International Monetary Fund (IMF). Giving a post-analysis of President Akufo-Addo’s State of the Nation Address (SONA), on April […]
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Columnist
The public debt crisis (1): Lessons for the present and the future
By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […]
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Banking & Finance
Investing in women: Our journey towards a more equitable society
By Mansa NETTEY The third month of every year, March has become a canvas on which the pertinent issues of women empowerment and inclusion are laid bare and deliberated upon. There’s a flurry of initiatives aimed at investing in women and inspiring inclusion whiles the achievements of those who have accomplished impressive feats are heralded […]
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