The Ministry of Finance and the Bank of Ghana have shown a steadfast commitment to a set of policies right from the beginning of the implementation of the $3 billion programme with the International Monetary Fund (IMF) under very difficult circumstances, Governor of the central bank, Dr Ernest Addison has said. He stated that they […] The post $3bn deal: We are beginning
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has expressed optimism that the successful second review of the programme with the International Monetary Fund (IMF) will lead to the release of the 3rd tranche. The country had already received two tranches, $600million each. The release of the third tranche would increase the total […] The post IMF deal:
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring program, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […] The post OmniBSIC
By Juliet Aguiar DUGBARTEY Golden Star Wassa Ltd (GSWL), a gold mining company in Ghana and a subsidiary of Chifeng Gold has announced that its Board of Directors have appointed Mr. Carl Georg Baker-Duly as Chief Executive Officer (CEO) of GSWL. Prior to this appointment, Mr. Baker-Duly was appointed by the Executive Committee of Chifeng […] The post Golden
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […] The post OmniBSIC
Mr. Asomaning, Dr. Serebour exchanging pleasantries Stanbic Bank Ghana has officially signed a Memorandum of Understanding with the Ghana Medical Association (GMA) to introduce financial care packages tailored to Read More... The post Stanbic Bank, GMA Sign
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 […] The post Editorial:
The GaDangme Council strongly condemns the use of live ammunition by the Navy during the traditional festival and calls for a thorough investigation into the incident. According to the Read More... The post GaDangme
It is a welcome relief to hear the Ministry of Food and Agriculture (MoFA) categorically deny the commercialisation of certain genetically modified organisms like maize, soy or even perhaps, tomatoes in our food chain. The clarification comes amid concerns expressed by a number of interest groups like the Peasant Farmers Association of Ghana (PFAG), aggregators […] The post
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has stated that in Ghana’s recent history, the country has not been able to successfully implement a programme with the International Monetary Fund (IMF) in an election year without derailment. However, he has assured that the government and the central bank are committed to changing […] The post In
The S.D. Dombo University of Business and Integrated Development Studies and the International Labour Organization (ILO) are planning to launch a Shea Entrepreneurship Resource Centre in Tamale, located in the Northern Region. The centre, a part of the ILO’s “Productivity Ecosystems for Decent Work Project”, will concentrate on comprehending labour dynamics, enhancing productivity, and implementing […] The post SDD-UBIDS/ILO
Member of Parliament of the Sissala East constituency, Amidu Chinnia Issahaku, has stated that certain aspects of the recently published Global InfoAnalytics polls that put John Drammani Mahama ahead of Vice President Dr. Mahamudu Bawumia can be rejected outright. He said some aspects of the polls will not be a true reflection of the report […] The post Global InfoAnalytics
Member of Parliament (MP) for the Sissala East constituency and Deputy Minister for Sanitation and Water Resources, Amidu Issahaku Chinnia, has stated that nothing will attract him to have intimacy with a fellow man, as he denounced LGBTQ+ practices. Mr. Chinnia categorically pointed out that he doesn’t see anything in a man that should attract […] The post Anti-LGBTQ+:
Ghana, Guinea, Guinea-Bissau, Gambia, Senegal, Cameroon, Uganda, and Kenya are benefiting from a South Korean developmental initiative as a swift response to the danger over food security in Africa by helping these countries to increase rice production and reduce their reliance on imports. Known as the K-Ricebelt project, it is aimed at providing small farmers […] The post
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has told the government to empower any of the commercial banks to take over the running of the ‘Gold for Oil’ porgramme. To him, any commercial bank will be able to do so if its capacity is built by the government. Dr Addison said this […] The post Empower a commercial bank to take over ‘Gold
Buem Member of Parliament, Mr Kofi Adams, has asked the Governor of the Bank of Ghana (BoG), Dr Ernest Addison whether there is any commercial bank in Ghana capable of running the Gold for Oil programme if the central bank decides to shift to the operations to them. This was after Governor Addison hinted that […] The post Is there any commercial bank
The World Bank (WB) is expecting an upward progression of Ghana’s Gross Domestic Product (GDP) to hit 5.0% by 2026. This follows a projected 2.9% marginal GDP growth for Read More... The post Ghana To Return To 5.0% GDP Growth – WB appeared first on
The Supreme Court has postponed its judgement on the case against FDA’s directive which banned celebrities in alcoholic advertisements. The post FDA Alcohol Ad ban: Supreme Court postpones date for judgement to April 24 first appeared on 3News.
The World Bank has identified deep-rooted inequalities as a major obstacle to Africa’s economic progress, according to its chief economist for the region. Andrew Dabalen in an interview on Citi TV’s The Point of View, pointed to a lack of essential infrastructure and limited intra-African trade as key factors limiting growth. “The speed at which […] The post Structural
Andrew Dabalen, the Chief Economist for the Africa Region at the World Bank, has expressed optimism regarding the forecasted 3.8% growth in Sub-Saharan African countries by 2025. The World Bank’s Africa Pulse Report for April 2024 anticipates growth in Africa in the coming years. The report also suggests that domestic resource mobilization and international support […] The post Africa’s
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