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
Hearts of Oak have reinstated Vincent Sowah Odotei and Dr. Nyaho Nyaho Tamakloe as board members. This follows the earlier dissolution of the board as part of a new direction under the direction of Executive Board Chairman Togbe Afede XIV. The decision to dissolve the board, including the departure of prominent figures like Frank Nelson […] The post Odotei, Nyaho-Tamakloe reappointed
By Juliet Aguiar DUGBARTEY Dr. Steven Blessing Ackah, Executive Director of Ghana Gold Expo, has called for the establishment of exploration fund in Africa, particularly Ghana, to serve as a financial catalyst, enabling local individuals and entities to actively participate in exploration activities. He said the Exploration Fund should be accompanied by a strong commitment […] The post
Ghanaian entertainment pundit, Emmanuel Barnes, also referred to as Mr. Logic, has stated that he spends GH¢8,000 a day on average. The post I spend at least GH¢8k everyday – Mr. Logic first appeared on 3News.
Finance Minister Dr Mohammed Amin Adam has said that the government recognizes that significant steps must be taken to improve the business environment in Ghana. He noted that Ghana is still one of the best destinations on the continent for the private sector to thrive. Dr Amin Adam said this while inaugurating the Ghana Mutaul […] The post Ghana is still one
The Public Utilities Regulatory Commission (PURC) has announced that the Electricity Company of Ghana (ECG) is on course in respect of compliance with the 5 requirements under the Cash Waterfall Mechanism procedure. This is contained in a statement dated March 26, 2024, issued by the Commission and signed by its Executive Secretary, Dr Ishmael Ackah. […] The post PURC
Unilever Ghana PLC has appointed Mr. Chris Wulff-Caesar as its new Managing Director with effect from the 1st of April 2024. Mr. Wulff-Caesar is an accomplished International Business Executive with 24 years of FMCG experience gained across various countries, and is returning to Unilever Ghana PLC, where he began his career as a management trainee […] The post Chris
Coalition of Stakeholders in Electricity Contracts and Arrangements (COSECA), has accused President Akufo-Addo of contributing to the challenges and dysfunction of the power sector. In a statement dated March 26 and signed by its executive secretary, Nana Yaa Akyempim Jantuah, the coalition criticised the president for not adhering to the “laid-down structures” governing the sector. […] The post ‘Akufo-Addo
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
The President, Nana Addo Dankwa Akufo-Addo, yesterday launched the Smart Schools Project with about 1.3million students set to receive one tablet each. An initiative of the Ministry of Education with support from the Centre for National Distance Learning and Open Schools (CENDELOS), the project is designed to equip students in the country with the requisite … The post Govt
THE Minister-designate of Finance, Dr Mohammed Amin Adam, has designated the Commissioner of Customs as the sole officer to approve the clearance of goods in warehouses under the Customs Suspense Regime (CSR). The CSR permits importers to suspend payment of import duties because the imports are to be kept in bonded warehouses. Dr Mohammed Amin … The post We’ll
A member of the Mines and Energy Committee of Parliament and MP for the Bongo constituency, Edward Abambire Bawa, has expressed disappointment over the comments made by Energy Minister Matthew Opoku Premspeh. The Energy Minister, whilst responding to reporters on the current state of power supply in the country and the calls for a load-shedding […] The post Load-shedding timetable:
As stakes are high towards the December 7 general elections, political party account officers have been urged to remain resolute in keeping with financial regulations governing their parties. This is to ensure right spending during the electioneering period while guaranteeing that political parties complied with the Electoral Commission (EC) reporting and submission framework on campaign … The post Political
Member of Parliament (MP) for the Madina Constituency, Francis-Xavier Sosu, is on an advocacy to have a Bill passed to guarantee job slots for Persons With Disabilities (PWDs) in the country. If successful, the passage of the Minimum Employment of PWDs Bill would ensure that all public or private institutions employ at least five per … The post Madina MP pushes for 5% job quota for PWDS
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
A businessman, who collected his late brother’s GH¢206,212.65 entitlement from the Ghana Police Service, has been jailed four years by the Accra Circuit Court. Kwame Tengey is said to have told his late brother’s three children that he could assist them to collect their father’s entitlement of GH¢304,950. Kwame Tengey, who assumed the role of … The post Man
The Adentan Circuit Courthas granted GH¢100,000 bail with two sureties to Love Amofa, a trader,for allegedly stealing GH¢70,700 belonging to her boyfriend. The 40-year pleaded not guilty to four counts of stealing, unlawful damage, threat of death and threat to cause harm. She will appear again in court on April 22. Police Chief Inspector Maxwell … The post Woman
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 29 per cent, citing economic stability. The policy rate is the rate at which the BoG lends to commercial banks. Dr Ernest Addison, the Governor and Chairman of the MPC, who disclosed this in Accra yesterday after the … The post BoG maintains policy rate at 29% appeared first on Ghanaian
Dr. Ernest Addison In a recent announcement, the Bank of Ghana (BoG) has decided to maintain its Monetary Policy Rate (MPR) at 29%. This move comes in response to a Read More... The post BoG Maintains Monetary Policy Rate At 29% appeared first on DailyGuide
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