Business
I don’t want to paper over our economic challenges but we’re working on it – Bawumia
Vice President of Ghana, Dr. Mahamudu Bawumia, has chosen not to directly address the nation’s economic challenges during his tour of the Eastern Region. While he acknowledged the economic difficulties facing the country, Dr. Bawumia refrained from discussing them in detail, stating only that they are being addressed. The Vice President’s reluctance to speak about […]
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Business
IMF to disburse US$360m third tranche to Ghana without creditors MoU
Mr Abebe Aemro Selassie, Director, African Department, International Monetary Fund (IMF), says Ghana will receive its next funding support from the IMF even if it is unable to sign a final debt pact with its official bilateral creditors. This means that the country would receive its third tranche of US$360 million when the IMF Board […]
Business
IMF deal: Addison expresses optimism that 2nd review will lead to release of 3rd tranche
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 […]
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General
Govt under fire for delaying co-financing agreement with Global Fund
The government is under scrutiny for its handling of the co-financing agreement with the Global Fund, as revealed by Ernest Amoabeng Ortsin, the president of the Ghana HIV and AIDS network. This issue has come to the forefront following the Ministry of Health’s clearance of 14 containers of anti-retroviral drugs and TB medications at the […]
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Featured
Cases of TB, malaria and HIV/AIDS on the rise due to locked up medical supplies – CSO
The Executive Director of the Africa Center for Health Policy Research and Analysis, Dr. Thomas Anaba, has disclosed that the locked-up medical supplies donated by the Global Fund have led to a surge in tuberculosis, malaria and HIV/AIDS cases. The supplies which include antiretroviral drugs for HIV/AIDS patients and mosquito nets for pregnant women have […]
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Featured
Health crisis looms as Global Fund suspends shipments to Ghana
Ghana faces a potential health crisis after the Global Fund suspended shipments of essential medical supplies due to delays in clearing previous donations stuck at Tema Port. This includes vital antiretroviral drugs for HIV/AIDS patients. The Africa Center for Health Policy Research and Analysis (ACHPR&A) expressed grave concern over the government’s inaction in expediting the […]
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General
Ghana Epidemic Preparedness Financing Advocacy urges govt to establish Public Health Emergency Fund
The Ghana Epidemic Preparedness Financing Advocacy has urged the government to create and implement a domestic financing strategy for health emergency readiness and response. This plea is based on the essential need to strengthen the country’s Global Health Security capabilities and ensure a quick and effective response to health emergencies. On Tuesday, April 9, Mr […]
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Featured
Aggrieved Customers of Gold Coast Fund Management issue June 30 ultimatum to govt
Customers of Gold Coast Fund Management in the Ashanti region have issued an ultimatum to the government to return their locked-up investments or they will campaign against the party in the upcoming elections. The customers, who are agitated and frustrated, have set a deadline of June 30, 2024, for the return of their funds. In […]
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Headlines
IMF MD departs after successful 2-day visit
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 […]
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Featured
Parliament threatens action against Finance Ministry over GH¢6bn Common Fund arrears
Joseph Osei-Owusu, the First Deputy Speaker of Parliament, has indicated that the House may need to confront the Finance Ministry if it does not provide clarity on its indebtedness to the District Assembly Common Fund by the conclusion of June 2024. This concern has been prompted by revelations made by Benjamin Kpodo, the Member of […]
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Banking & Finance
UBA, African Guarantee Fund create synergy to support SMEs across Africa
The African Guarantee Fund (AGF) and United Bank for Africa (UBA), on Monday, signed a partnership that ensures that UBA provides US$100million in new loans to small and medium enterprises (SME) and businessowners across the 20 African countries where the bank has presence in Africa. The AGF, under this agreement, will support and guarantee SMEs with US$50million Portfolio […]
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Columnist
A global cash-transfer fund could end extreme poverty
By Cina Lawson and Rory Stewart For decades, the international community has grappled with the challenge of ending extreme poverty, which is the leading Sustainable Development Goal for 2030. Despite some progress, we remain far off track, with an estimated 700 million people still struggling to survive on less than $2.15 per day. Unlike in […]
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Slider
GACL suspends proposed $20 round-trip passenger fee
The Ghana Airports Company Limited (GACL) has suspended its proposed $20 round-trip passenger fee following parliamentary scrutiny. Parliament, on Wednesday, March 13th summoned the Minister of Transport, Kwaku Ofori Asiamah, to address concerns regarding the fee’s legality. This action stemmed from objections raised by the Minority Caucus, who argued that the GACL lacked the authority […]
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General News
Govt To Set Up FinTech Fund
The Akufo-Addo-Bawumia-led New Patriotic Party (NPP) government has announced the setting up of a FinTech Innovation Fund (FIF) to support FinTech start-ups in a move to drive the country’s
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Business
Gold Coast Fund committee probe rescheduled to February 28
The ad-hoc committee tasked with probing the issues surrounding the locked-up funds of customers affected by the collapse of Gold Coast Fund Management Limited has postponed its public hearing to Wednesday, February 28, 2024. This adjustment is to make way for President Nana Akufo-Addo’s State of the Nation address in Parliament, scheduled for Tuesday, February […]
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Business
Public Hearing on Gold Coast Fund collapse postponed over State of the Nation Address
The ad-hoc committee tasked with probing the issues surrounding the locked-up funds of customers affected by the collapse of Gold Coast Fund Management Limited has postponed its public hearing to Wednesday, February 28, 2024. This adjustment is to make way for President Nana Akufo-Addo’s State of the Nation address in Parliament, scheduled for Tuesday, February […]
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Business
Government to introduce Fintech Innovation Fund – Bawumia
The Government has plans to set up a FinTech Innovation Fund to support Start-ups to drive Ghana’s digital revolution. Vice President Mahamudu Bawumia announced this in Accra on Monday during the official press launch of the maiden 3i Africa Summit. The three-day summit, to be held in Accra, is scheduled for May 13-15, 2024, on […]
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Banking & Finance
Zenith champions ‘true banking’ for real economy, MSMEs
Zenith Bank has reaffirmed its commitment to the real economy, as evidenced by a slew of measures geared toward empowering Micro, Small and Medium Enterprises (MSMEs) in the country, a move which it describes as ‘true banking’. This renewed dedication was announced by its Managing Director and Chief Executive Officer, Henry Onwuzurigbo, and comes on […]
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