The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, is wondering how the commercial banks are going to break even and increase lending to the private sector vis-a-vis the Bank of Ghana’s higher cash reserve requirement for commercial banks. To him, the higher cash reserve requirement for commercial banks. counterproductive […] The post How
Players in the energy sector value chain on Saturday held a crunch meeting to discuss the erratic power supply in the country. Convened by the Mines and Energy Committee of Parliament, the meeting was attended by representatives from the Ministries of Finance and Energy, the Electricity Company of Ghana, the Ghana Grid Company, the Volta … The post Stakeholders hold crunch meeting
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
Ghana has been ranked best performing country in governance in West Africa, according to the recent World Economics Governance Index report. The report, which was released by the World Economics Research, based in London, United Kingdom, also placed Ghana fifth on the overall position in Africa. The report indicated that Ghana has exhibited remarkable advancements … The post Ghana
Francis Cudjoe, a 19-year-old carpenter, has been sentenced to 50 years imprisonment by the Tarkwa Circuit Court for defiling a seven-year-old girl. He pleaded guilty with an explanation, but the court overruled it. Cudjoe was charged with defilement on count one and two, and was sentenced to 25 years each, which run concurrently. Before judgement … The post Carpenter gets
The producer price for cocoa is pegged at GH¢2, 070 effective April 5 this year. This follows the upward review of the producer price by government in consultation with stakeholders in the cocoa sector. A statement signed and issued in Accra by the Chief Executive of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, said … The post Cocoa producer price at GH¢2,070 effective April
Insurance Technology companies must develop innovative solutions to help address the challenges hampering insurance services delivery to expand insurance penetration and coverage, Acting Commissioner of Insurance, Mr Michael K. Andoh has stated. According to him, the difficulty in acquiring Police and Doctor’s report to claim insurance, accessing some remote parts of the country, affected insurance … The post ‘Develop
The Accra Circuit Court has convicted a mason and electrician for posing as Electricity Company of Ghana (ECG) workers and extorting money from customers of ECG. The court imposed a fine of GH¢1,200 each on Nana Adu Gyamfi, 33, and Derrick Ntow Adumah, 22, and in default serve six months in prison. The two pleaded … The post 2 fake ECG workers fined GH¢2,400
The Bank of Ghana (BoG) has explained how money laundering is done and the consequences of engaging in such illegal acts. In its Financial Literacy document, the Central Bank explained that money laundering is the process whereby money obtained from unlawful activities such as drug trafficking and corruption is legitimized through complex transactions and processes […] The post Sudden
Ghanaian actress, Salma Mumin has revealed why she chose to undergo a Brazilian Butt Lift procedure which is popularly known as BBL. The post ‘I wanted heavier and curvier butt’ – Salma Mumin speaks on why she opted for BBL first appeared on 3News.
Ghana does not need the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) for economic growth, an economist Dr John Kwakye has said. In the view of the Director of Research at the Institute of Economic Affairs (IEA), Ghana can develop by relying on its natural resource wealth. “We don’t need any SDRs […] The post Economist
When a person provides his or her legitimately or illegitimately acquired funds or assets for terrorist activities or organizations the person will be financing terrorism, the Bank of Ghana (BoG) has said. The central bank said financing of terrorism is a crime and is punishable by law therefore people should be careful they do not […] The post Becareful you do not
The Minister of the Interior, Henry Quartey has charged the Ghana Immigration Service to increase their surveillance at the borders ahead of this year’s general elections. At a working visit to the Ghana Immigration Service, Mr Quartey highlighted the need for the Officers to perform their duties professionally and protect Ghana’s territorial borders before, during […] The post Election
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
Star Assurance Group, the parent company of Star Assurance, StarLife Assurance, StarMicroinsurance, StarHealth Insurance and Pensol Capital Trust, has appointed Samuel Kweku Ocran as its Group Chief Executive Officer. He takes over the leadership role from Mr. Kofi Duffuor, the former Chief Executive Officer, who has served the Star Assurance Group and its subsidiaries for […] The post
Joseph Boahen Aidoo A 64 Kilogram bag of cocoa has been increased from GH¢1,308 to GH¢2,070 for the 2023/2024 crop year starting from Friday, April 5, 2024. In a Read More... The post Cocoa Price Now GH¢2,070 appeared first on DailyGuide
Ghanaian actress, Salma Mumin has revealed why she chose to undergo a Brazilian Butt Lift procedure which is popularly known as BBL. The post ‘I wanted bigger and curvier butt’ – Salma Mumin speaks on why she opted for BBL first appeared on 3News.
Credit to the private sector by banks will continue to squeeze due to the Bank of Ghana’s high Credit Reserve Ratios (CRR). This is one of the key findings and conclusion of a research paper by banking consultant, Dr. Richmond Atuahene and data and research analyst, Isaac Kofi Agyei. The report titled ‘Thirsty Banks: Ghana’s […] The post BoG’s
A 27-year-old man, Masaudu Fuseini was on Thursday, April 28, 2024, remanded into prison custody for allegedly stealing cables belonging to the Electricity Company of Ghana Limited (ECG). A Koforidua Circuit Court, presided over by Miss Asare Anima, ordered Fuseini to replace the stolen cables, valued over GH¢9,000 and show proof of replacement on his second […] The post Man, 27, remanded for
Telecel and Huawei leadership teams after signing the contract At the recently held Mobile World Congress (MWC) in Barcelona, Telecel Ghana and Huawei Ghana signed a new framework contract Read More... The post Telecel, Huawei Sign New Framework Contract appeared
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS