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
The Bank of Ghana (BoG) has revealed that it has reduced the scale of certain facilities in its controversial new head office, currently under construction. The BoG faced significant criticism over the construction of the new headquarters, with the Minority in Parliament demanding the removal or resignation of Governor Dr. Ernest Addison. Speaking before the […] The post Facilities
The Minister for Works and Housing, Kojo Oppong Nkrumah, has disclosed that there are currently 10,720 housing units in the Greater Accra Region that are at various levels of development to help reduce Ghana’s housing deficit. He made the disclosure when he led staff of the Ministry to inspect ongoing construction works at the various […] The post Housing Sector Is Being Revolutionised –KON appeared
Nana Serwah Godson-Amamoo, a prominent lawyer and partner at AB & David Africa, has tragically died in Dubai, United Arab Emirates. Reports indicate that she complained of feeling unwell just moments before a planned scuba diving expedition. She collapsed and passed away after undergoing training for the activity, Asaaseradio.com reports. Godson-Amamoo was a distinguished figure […] The post
By Rashidatu IBRAHIM MTN Ghana paid GH¢5.9 billion in direct and indirect taxes, along with an additional GH¢0.4billion in fees, levies and other payments to government agencies last year. Together, these payments represents 47.1 percent of MTN’s total revenue paid to the government for the 2023 financial year. This was revealed by its Board Chairman, […] The post MTN
The government has initiated a resettlement programme for communities affected by the Akosombo Dam spillage. Spearheaded by the Ministry of Works and Housing, this initiative aims to provide new homes for individuals whose residences were destroyed by the floods. According to data from the National Disaster Management Organization (NADMO), more than 5,200 households in 19 […] The post Govt
The Minister for Works and Housing, Kojo Oppong Nkrumah, has assured that processes by the government to enlist private partners for the completion of the Saglemi Affordable Housing Project will be transparent to eliminate any perception of corruption. He emphasized the commitment of the government to ensure the completion of the project before the December […] The post Saglemi
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has explained why the local currency, the Cedi depreciated against the major trading ones, the Dollar, Pounds, and Euros, at a time when the local economy was expanding. Recently, the Government Statistician, Professor Samuel Kobina Annim announced that Ghana’s economy grew by 2.9% in 2023, […] The post Addison
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has asked the state security agencies to assist the bank in dealing with reports of cross-border illegal transfers. He says that although the Bank hears rumors of these illegal transfers, it is not taking the matter lightly. Dr Addison said these while answering a question […] The post Bank of Ghana prepared
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
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […] The post Cedi continues
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has stated that Fiscal policy implementation so far has been broadly consistent with targets under the International Monetary Fund External Credit Facility (IMF ECF) supported programme. Although the primary fiscal balance (Total Revenue less Total Non-Interest Expenditure) target for 2023 was attained, he said, the […] The post Fiscal
Ghana coach Otto Addo says goalkeeper Jojo Wollacott faces challenges in reclaiming his spot as Black Stars’ number one. Wollacott, who was the first-choice goalkeeper for the Black Stars until an injury just before the 2022 World Cup in Qatar, has struggled for game time since then, with his last appearance for the team dating […] The post It’s difficult to say Wollacott
The government has taken steps to enlist private partners for the completion of the Saglemi Affordable Housing Project. Initiated in 2012 during the tenure of the National Democratic Congress (NDC) government, the Saglemi housing project aimed to construct 5000 housing units. However, the project has been embroiled in controversy due to allegations of fund misappropriation, […] The post Govt
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the Cedi was relatively stable in the first quarter of 2024 against the major trading currencies, especially the Dollar. He says they expect the stability to continue. Answering questions at the 117th Moneyray Policy Committee (MPC) press conference in Accra on Monday […] The post Cedis is relatively stable
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said that Nigeria is currently saddled with a crisis related to the challenges posed by its currency, the Naira. He said this is similar to what Ghana went through in 2022 when inflation kept rising, coupled with the rapid depreciation of the Cedi. Reuters […] The post Naira woes: Nigeria going through
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will be holding the 117th press conference today Monday, March 25. The MPC is expected to announce major policy decisions including whether or not the policy should reduce. The MPC is also expected to talk about the performance of the Cedi against the dollar […] The post Bank of Ghana to announce key decisions
Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
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 […] The post IMF MD departs
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