Coalition of Stakeholders in Electricity Contracts and Arrangements (COSECA), has accused President Akufo-Addo of contributing to the challenges and dysfunction of the power sector. In a statement dated March 26 and signed by its executive secretary, Nana Yaa Akyempim Jantuah, the coalition criticised the president for not adhering to the “laid-down structures” governing the sector. […] The post ‘Akufo-Addo
The Bank of Ghana (BoG) has received a US$300 million facility from the World Bank as budgetary support. According to a report by Citi News, the BoG’s account was officially credited on Wednesday, March 27, 2024. The release today is the first of three $300 million World Bank operations for disaster response and resilience in […] The post $300m World Bank budgetary support hits
By Joshua Worlasi AMLANU ([email protected]) The Monetary Policy Committee (MPC) of the Bank of Ghana has announced its decision to maintain the monetary policy rate at 29 percent, citing persisting upside risks to inflation. Dr. Ernest Addison, Governor of the central bank, disclosed the rationale behind the decision during the 117th MPC meeting’s press briefing […] The post
Dr. Ernest Addison In a recent announcement, the Bank of Ghana (BoG) has decided to maintain its Monetary Policy Rate (MPR) at 29%. This move comes in response to a Read More... The post BoG Maintains Monetary Policy Rate At 29% appeared first on DailyGuide
By Emmanuel AKOMEA The Minister of Finance Dr. Mohammed Amin Adam has announced plans to streamline port charges following a visit to the Tema port and discussions with Customs officials and agents. The decision seeks to tackle the multitude of charges at the country’s sea ports, curb duty evasion and address challenges in handling transit […] The post Port
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
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has stated that Fiscal policy implementation so far has been broadly consistent with targets under the International Monetary Fund External Credit Facility (IMF ECF) supported programme. Although the primary fiscal balance (Total Revenue less Total Non-Interest Expenditure) target for 2023 was attained, he said, the […] The post Fiscal
The Karaga District Security Committee, has imposed a dusk to dawn curfew on the community following a clash between residents of Karaga and the military. The confrontation resulted in the death of one person and left three others with injuries. The confrontation is reported to have erupted when a rival regent was enskinned following the […] The post Curfew imposed on Karaga after residents
Founder and leader of the All People’s Congress (APC) Hassan Ayariga has criticised the leadership of Ghana, stressing the need for a fundamental shift in the nation’s political landscape. He described the concept of leadership as akin to fatherhood. “There are two fathers in the world biological father and father of the nation. One can […] The post What we need
Ebo Taylor (right) receiving his citation from the organisers The Department of Music Education, School of Creative Arts at the University of Education, Winneba (UEW), has recognised and honoured Read More... The post UEW Honours Ebo Taylor appeared first on DailyGuide
The Ministry of Energy has provided clarification on recent remarks made by the sector minister, Dr. Matthew Opoku Prempeh, regarding the release of a timetable for ongoing power outages. In a press release issued on Tuesday, March 26 by the Minister’s spokesperson, Kofi Abrefa Afena, Dr. Opoku Prempeh was simply stating facts. During the inauguration […] The post Energy
In a typical meeting of parliamentarians of the Parliament of Ghana, there are several procedures that take place. One of the initial steps is the roll call, where the names of the members are called out to establish their presence. This helps to ensure that quorum, the minimum number of members required for the meeting […] The post A Chamber of Dreams and Risks: Ghana’s
The Central Bank announced Monday it has decided to adjust the Cash Reserve Ratio (CRR) for banks. Governor of the Bank of Ghana and Chairman of the Monetary Policy Read More... The post BoG Adjusts Banks’ Cash Reserve Ratio appeared first on DailyGuide
Dr. Ernest Addison, Governor of Bank of Ghana The Bank of Ghana (BoG) has maintained its Monetary Policy Rate (MPR) at 29% following a review of some developments in Read More... The post Policy Rate Remains 29% appeared first on DailyGuide Network
Dr. Christopher Ampadu (M) flanked by his lieutenants Executive Director of the Africa Centre for the Study of Worldviews and Wholistic Development of Societies, Dr. Christopher Ampadu, believes that Read More... The post Ghana’s Devt Not In Regime Change – Ampadu
Bawa Fuseini, the President of Ghana Athletics, has revealed that Ghana has received an invitation to bid for the hosting rights of the 2026 African Athletics Championships. The African Championships in Athletics is a prestigious continental sporting event overseen by the Confederation of African Athletics (CAA), serving as the apex governing body for athletics in […] The post We’ve
The Ministry of Energy has assured that it is working with its agency in the various power sectors to ensure that the temporary power challenges are resolved immediately. The Ministry said that the sector Minister Dr Mathew Opoku Prempeh has always been sensitive to the plight of the Ghanaian people and continues to ask for […] The post Energy Ministry assures it is working assiduously
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said that banking is a profitable business in Ghana. This explains the reasons why more investors want to move into the sector and inject their capital there, he said. Dr Addison said this while answering a question as to whether or not investors have […] The post Banking is a profitable business in Ghana – Governor Addison
Officials of the Electricity Company of Ghana in the Ashanti Region have commenced an exercise to inspect all distribution transformers in the Region. The exercise is to help the company know the current state of all transformers to enable it serve customers better. The exercise, which started across all twenty-one (21) districts in the Ashanti […] The post ECG officials
The National Labour Commission has directed aggrieved teachers to call off their strike and meet with government on their grievances within twenty-four hours. The Commission also directed government, led by the Minister of Education Dr Yaw Osei Adutwum to, within two months, distribute the teachers’ laptops to them. The National Labour Commission gave the directive […] The post Labour
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