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
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 […] The post Health
A group of unemployed graduate nurses and midwives from the Ashanti Regional capital, Kumasi, took to the streets on Monday to demand postings and protest against the government’s delay in granting financial clearance for their permanent job placements. The protesters, comprising graduates from the 2020, 2021, and 2022 batches, hail from various public universities and […] The post Kumasi:
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 […] The post
President Akufo-Addo with President Umaro Sissoco Embalo The governments of Ghana and Guinea-Bissau have announced the inauguration of a permanent joint commission for cooperation and development for the two Read More... The post Ghana,
By Ama Kudom-Agyemang Obviously, the realisation of about three-quarters of the world’s population having access to safe water sources, is a major attainment by the international community. However, this achievement cannot be overly celebrated. This is because, as the world celebrated this year’s World Water Day (WWD) on Friday, 22nd March, a whooping 2.2 billion […] The post Reflections
By Senyo DEY The Internet enables communication, essential to the efficient management of business, the smooth administration of governments and improved organisation for individual users. Technologies of the camera, film, radio, telephone, and television are now altered or entirely replaced with faster and more dynamic media. This technology on your smartphone or computer, allows more […] The post
The Department of Parks and Gardens has issued a stern warning to private developers encroaching on their land. The department has threatened to demolish all illegal structures on their lands. This action follows a recent Citi News report on land encroachment in the Upper West region, where a fuel station has been erected on the […] The post Parks and Gardens to demolish illegal
In a fiery exchange of political rhetoric, the National Youth Organizer of the New Patriotic Party (NPP), Salam Mustapha, has launched scathing criticisms against the flag bearer of the National Democratic Congress (NDC), John Dramani Mahama. Mustapha’s remarks come in response to Mahama’s recent announcement to separate the Youth and Sports Ministry, aiming to address […] The post Bawumia
Nigeria’s Economic and Financial Crimes Commission (EFCC) has recovered 30 billion naira ($24 million; £19 million) as part of an ongoing corruption probe into a suspended minister for Humanitarian Affairs and Poverty Alleviation, Betta Edu. The EFCC revealed that the funds were traced to more than 50 bank accounts. Humanitarian Affairs and Poverty Alleviation Minister […] The post Nigerian
Ghana’s Youth and Sports Minister Mustapha Ussif has revealed that the country is well positioned to consider hosting the commonwealth games slated for 2026. As things stand now, the 2026 edition of the Commonwealth Games is in limbo, as original hosts Victoria in Australia have withdrawn its bid last year due to cost concerns. Malaysia […] The post Ghana is ready to host the
Service standard concerns Freight rates standardisation Transparency and predictability By Mohammed AWAL The Chief Executive Officer (CEO) of the Ghana Shippers’ Authority (GSA), Kwesi Baffour Sarpong, has requested that shipping line charges in the sector be predictable, competitive, transparent and uniform. In his opening remarks during a meeting with the Ship Owners and Agents Association […] The post
Ghana’s second programme review with the International Monetary Fund (IMF) has entered its second week, with issues concerning tax efficiency and the avoidance of fiscal slippages in this election year dominating discussions. The IMF mission staff from Washington DC are currently in the country for a two-week assessment of the bailout package. The review also […] The post Election
The U-19 side of Fenerbahce made a bold statement during the Turkish Super Cup final against arch-rivals Galatasaray, walking off the pitch just one minute into the game in protest against alleged unfair treatment by football authorities. The match, which took place amidst Fenerbahce’s preparations for a crucial Europa Conference League quarter-final clash against Olympiakos, […] The post Fenerbahce
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […] The post Many
By Rashidatu IBRAHIM An economist and advisor on South-South Cooperation and Development Finance at the South Centre, a Geneva-based intergovernmental organisation, Yuefen Li, has urged African countries to enforce regulations that require multinational corporations to contribute a greater share of taxes for their operations within these nations. She noted that implementing such measures would serve […] The post
The Ghana Mineworkers’ Union of the Trades Union Congress, has announced plans to stage a five-day protest at the Ministry of Lands and Natural Resources and the Jubilee House beginning on Monday, April 15, 2024. Their stance is to pressure the government into revoking the mining lease of Future Global Resources Limited, operators of the […] The post Mine
It might sound cliche but not at Tullow Ghana. The phrase, ‘local content’ has come to mean the very heart of how it conducts its business. As main operator of Ghana’s two main oil fields – Jubilee and TEN – Tullow has a responsibility to harness the oil and gas resources available to the country […] The post Giving priority to local suppliers;
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS