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
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.
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […] The post Ghana’s
By Rosemary MBABAZI Sunday April 7, 2024, marked the beginning of the 30th commemoration of the 1994 Genocide Against the Tutsi. It is a period to remember the lives of more than one million people who were brutally killed during a 100-day period from April to mid-July 1994. This period of remembrance called “Kwibuka”, meaning […] The post By
Despite millions of dollars invested in Ghana’s health systems to combat HIV, tuberculosis, and malaria, life-saving drugs and healthcare products for these ailments have been stuck at the Tema Harbour for over ten months. For those who depend on these medicines, the continued delay in clearing these medications put their lives at risk. Ghana is […] The post Stuck
Despite millions of dollars invested in Ghana’s health systems to combat HIV, tuberculosis, and malaria, life-saving drugs and healthcare products for these ailments have been stuck at the Tema Harbour for over ten months. For those who depend on these medicines, the continued delay in clearing these medications put their lives at risk. Ghana is […] The post Global
The Economic Fighters League says it has been closely monitoring recent developments within the political landscape as prominent figures from the establishment defect to forge alliances with other movements, all aimed at challenging the entrenched dominance of the New Patriotic Party and the National Democratic Congress. The Fighters said they extend a warm welcome to […] The post 2024
Passport isn’t a document to prove citizenship; it’s a privilege for those who want to travel – Appiah-Kubi Member of Parliament for the Asante Akim North constituency and Chairman of Parliament’s Foreign Affairs Committee, Andy Appiah-Kubi, has said that passports are no longer a source document to prove one’s citizenship since the inception of the […] The post 10 things
The Ghana Private Road Transport Union (GPRTU) is set to meet on Wednesday, April 10, to deliberate on the possible increase in transport fares. However, the Western regional branch of the union has announced a 30-percent increment in transport fares for its members, effective Monday, April 8. The driver’s union has complained over the increasing […] The post Transport fares hike: GPRTU
According to the 2023 World Economics Governance Index study, Ghana is one of Africa’s top ten best-governed countries, ranking fifth behind Mauritius, Namibia, South Africa, and Botswana. Per the ranking, Ghana outperformed Senegal, Malawi, Lesotho, Burkina Faso, Togo, and Nigeria. Ghana scored a grade of B, and with an index of 61.7, secured the 5th […] The post Ghana ranked 5th best-governed
The Institute of Economic Affairs (IEA) has criticized the government for its poor macroeconomic performance from 2020 to 2022. During this period, Ghana experienced an economic downturn, with the government seeking a 3 billion bailout from the International Monetary Fund (IMF). Giving a post-analysis of President Akufo-Addo’s State of the Nation Address (SONA), on April […] The post Economic
By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […] The post The
By Delphina QUARSHIE Have you ever wondered why God chose a garden, specifically the Garden of Eden, out of all places, to be humanity’s dwelling place? You may also not have stopped to reflect on the fact that, before his arrest and crucifixion, Jesus retreated to pray in the Garden of Gethsemane. Thus, we see […] The post More than just a garden:
As the digital ecosystem continues to evolve at a rapid pace, the fields of Search Engine Optimisation (SEO) and data analytics are poised to play a pivotal role in shaping the future of businesses in Ghana and across the African continent. The internet has become an essential marketplace and those who fail to master its […] The post SEO
In the annals of history, there are tales of remarkable women who defied the odds, shattered stereotypes, and blazed trails in fields traditionally dominated by men. From Marie Curie’s groundbreaking work in physics to Rosa Parks’ courageous stand for civil rights, these women have left an indelible mark on the world, inspiring generations to come. […] The post
By Amanda KPORWOFA Ghana, like many developing countries, is dealing with brain drain, a phenomenon where highly skilled professionals and academics leave the country to seek opportunities overseas. According to a report from the Diaspora Affairs Bureau at the Ministry of Foreign Affairs and Regional Integration, the World Bank estimates that there are 1.7 million […] The post The
By Joshua Worlasi AMLANU In a comprehensive update on Ghana’s debt restructuring programme, Finance Minister Dr. Mohammed Amin Adam has highlighted the government’s ongoing efforts to restore fiscal sustainability and foster economic recovery. Speaking at a press briefing, the Minister emphasised the significance of upcoming discussions with bondholder representatives to advance restructuring engagements. “In the […] The post
Professor John Gatsi, economist and Dean of the University of Cape Coast Business School, has maintained that the indicative exchange rate used by the Bank of Ghana (BoG) is not reflective of the cost structure of business in the country. According to the central bank, the cedi depreciated at 6.8 percent against the US dollar […] The post Relative
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
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