By Buertey Francis BORYOR The Institute of Statistical Social and Economic Research (ISSER) of the University of Ghana has called for a review of the Special Drawing Rights (SDRs) allocation framework. The SDRs is an international reserve asset created by the IMF to supplement the official reserves of its member countries. ISSER proposed that allocations under SDRs, an international […] The post
The German Development Cooperation in collaboration with private sector partners, Blue Skies and Kasapreko PLC has handed over newly installed mechanised boreholes to 24 districts in the Eastern and Bono regions. It is to commemorate World Water Day which focuses on the importance of freshwater. According to the United Nations (UN) 2.2 billion people living […] The post German
Flagbearer and leader of the Movement for Change, Alan Kyerematen, has made a solemn pledge to make the Eastern Region Ghana’s premier research and innovation hub if elected president in the upcoming December polls. Mr. Kyerematen made the pledge during his market tour of the Eastern Region on Thursday, March 21. Aimed at engaging with […] The post I’ll
By Kizito CUDJOE, Abidjan – Côte d’Ivoire A policy analyst and advocacy officer in sovereign debt management, Shem Joshua Otieno, has raised concerns about Africa’s financial challenges amid a persistently austere global economic landscape. He lamented that as of 2024, the continent finds itself entangled in a web of debt, with a staggering total of […] The post Africa’s
The value of the economy in 2023 stood at GHS841.6bn relative to GH¢ 614.3bn representing a GH¢227bn increase from the previous year. This was driven by the dominance of the services sector which contributed GH¢357.34 billion or 45.6% of Gross Domestic Product (GDP), followed by industry with GH¢247.941 billion (31.7% of GDP), and agriculture at […] The post Value
The United States Agency for International Development’s (USAID) West Africa Biodiversity and Low Emissions Development (WABiLED) program today Friday March 22 concluded a comprehensive three-day training workshop aimed at engaging private transport and finance sector stakeholders in combating wildlife crime. The training workshop brought together over 40 participants including representatives from key financial institutions and […] The post USAID
Water remains a vital global resource imperative for human existence, residential use, industrial activities, and economic development in several sectors including agriculture, energy, and health. Water demand has increased in many parts of the globe, and along with it, is the threat to human security. As at November 2023, 1,630 cases of water conflict had […] The post World Water Day:
The United States Agency for International Development’s (USAID) West Africa Biodiversity and Low Emissions Development (WABiLED) program today Friday March 22 concluded a comprehensive three-day training workshop aimed at engaging private transport and finance sector stakeholders in combating wildlife crime. The training workshop brought together over 40 participants including representatives from key financial institutions and […] The post USAID
In a strategic move aimed at revitalizing the operations of the Tema Oil Refinery (TOR), President Nana Addo Dankwa Akufo-Addo has announced key leadership changes, including the appointment of Read More... The post TOR Gets New Managers appeared first on DailyGuide
A member of the Communications Team of the Movement for Change Dr. Ramzi Inusah has raised concerns about the missing laptops for election. According to him, both the New Patriotic Party (NPP) and the National Democratic Congress (NDC) are the creation of the challenges confronting Ghana elections. “The NPP and NDC are the creation of […] The post The
The General Transport, Petroleum and Chemical Workers’ Union (GTPCWU) has expressed disappointment over President Nana Akufo-Addo’s decision to nominate Leon Kendon Appenteng as the Board Chairman of the Tema Oil Refinery (TOR) Company Limited. On Tuesday, March 19, President Akufo-Addo reconstituted the board of TOR, nominating Mr Appenteng as Chairman of the Board Chairman and […] The post TOR:
Government Statistician, Professor Samuel Kobina Annim has said that Ghana’s economy grew by 2.9% in 2023, from the 3.8% recorded in 2022. The Services sector contracted by -1.2%, he added. Commenting on this development, an economist Dr Theo Acheampong asked on his X platform whether this is a further sign of relative macro-stabilisation. “Further signs […] The post Ghana’s
Latest data from the Ghana Statistical Service indicates that the cumulative growth of the economy stood at 2.9 percent in 2023. This is a 0.9 percentage points drop from the 3.8 percent recorded in 2022 but higher than the government’s revised target of 1.5 percent for the period under review. The fourth quarter also expanded […] The post Ghana’s economy expanded by 2.9% in 2023
By Korsi DZOKOTO In the realm of economic management, Ghana stands as a stark example of the profound impacts of mismanagement and corruption on a nation’s fiscal health. The story of Ghana’s economic trajectory is one of promise overshadowed by poor governance, inflated project costs, and unchecked borrowing. As we delve into the intricate web […] The post Counting the cost
By Maureen E. BANSAH A German engineering giant, Siemens AG, was rocked by a massive corruption scandal in 2006 that shocked the world. The corruption involved more than $1.4 billion in bribes to government officials worldwide to acquire market advantage. Investigations uncovered the extensive bribery network within the company’s worldwide operations, exposing a deeply ingrained […] The post
Economist and senior lecturer at the University of Ghana, Dr. Adu Owusu Sarkodie, has stated that a consistent decline in inflation has resulted in drastic price reductions as the economy continues a steady rebound. Speaking on TV3’s Ghana Tonight programme on Monday, March 18, Dr. Adu Sarkodie pointed out that there have been improvements in […] The post Reduction
By Ferdinand D. ADADZI Introduction Timestamp: Thursday, 14th March, 2024 @ 10.06 pm. We are back to erratic power supply.⚡️ ⚡️ ⚡️ You can call it dumsor or it is not? 🤷♂️ Fact still remains, there are serious challenges in power supply to residents and businesses. In the midst of the challenges, there are plenty […] The post Offgrid
The General Transport, Petroleum, and Chemical Workers’ Union (GTPCWU) has expressed skepticism about the newly constituted board of the Tema Oil Refinery (TOR) Company Limited, stating that it does not anticipate any positive outcomes. The Union’s National Chairman, Bernard Owusu, attributes this to the appointment of Leon Kendon Appenteng as the Board Chairman. On Tuesday, […] The post Nothing
By Ernest Bako WUBONTO The Accra Metropolitan Assembly’s (AMA) jurisdiction has been chosen as the pilot project location for a sports and Sustainable Development Goals (SDG) cities initiative in Africa. The project, a collaboration between the United Nations Human Settlements Programme (UN-Habitat) and the International Olympic Committee (IOC), aims to promote physical activity within urban […] The post
A former Minister of Food and Agriculture, Alhaji Mohammed Muniru Limuna has grabbed a prestigious chieftaincy title known as “Sandape Wura,” to wit, Chief of Staff of the Damongo Paramountcy. The Damongo Traditional Council conferred the authority on Alhaji Limuna in recognition of his unflinching contribution to the socio-economic development of the Damongo traditional area […] The post Former
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