The International Monetary Fund (IMF) has announced a staff-level agreement on the second review of the extended credit facility with Ghana. Once approved by IMF Management and completed by Read More... The post IMF
The Importers and Exporters Association of Ghana has raised concerns over the country’s loss of port traffic from the Tema Port to the Lomé Port in Togo. While Tema Port’s traffic has increased, it has not been growing as rapidly as Lomé’s Port, which has seen a significant increase from 300,000 thousand containers per annum […] The post Ghana
In the realm of US-Africa economic relations, the African Growth and Opportunity Act (AGOA) stands as a pivotal legislation designed to foster trade and investment between the United States and eligible Sub-Saharan African countries. Since its inception in 2000, AGOA has sought to support economic growth and sustainable development by providing duty-free access to the […] The post Assessing
The International Monetary Fund (IMF) has reached the staff-level agreement on review of the extended credit facility with Ghana. The IMF in a statement released on Saturday April 13, 2024, said Ghana will have access to about US$360 million in financing once the review is approved by IMF Management and formally completed by the IMF […] The post IMF
The Ministry of Tourism, Arts, and Culture and the Ghana Tourism Authority are hopeful that the Ministry of Finance will consider providing tax reliefs in the mid-year budget review for operators in the sector following a paper they presented on the issue. According to the two entities, poised to make tourism the number one GDP […] The post Domestic tourism:
The Ghana Private Roads and Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC) have urged commuters not to adhere to any proposed new transport fares that have yet to receive official approval. This announcement comes in response to the Transport Operators Union and the Concerned Drivers Association of Ghana, declaring a 30 […] The post Don’t
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU [email protected] / [email protected] The recent hike in inflation in March was ‘not surprising’ and poses no significant threat to the general recent disinflationary trend, Head of Research at GBC Capital, Courage Boti, has said. Consumer inflation reached a new high of 25.8 percent in March 2024, […] The post
Mali’s military junta continued to restrict political life in the country on Thursday, April 11, banning the media from reporting on the activities of political parties and associations. The country’s high authority for communication issued a statement calling on “all media (radio, television, written press and online) to halt broadcast and publication of the activities […] The post Mali:
The Chartered Institute of Logistics and Transport, CILT Ghana, has organised a business forum to discuss the cost of doing business in Ghana’s ports as well as its implication on import and export trade. The forum had participation from key stakeholders like Ghana Ports and Harbours Authority, Shipping Lines, Ghana’s Shippers Authority, and some logistics […] The post CILT discusses cost
The Customs division of the Ghana Revenue Authority has vowed to clampdown diversion of transit cargo in the country. At a stakeholder engagement on securities of transit cargo in Tema, the Acting Deputy Commissioner of the suspense regime fletching Akoto said the country loses a lot of revenue as a result of diversion of Cargo, […] The post GRA to clampdown on diversion of transit cargo appeared
The Electricity Company of Ghana (ECG) is to commence a 33kV line upgrade project aimed at improving power supply reliability in the Ashanti Region. The project, being undertaken by Indian firm Arvensis Energy Private Limited over an 11- week period will focus on enhancing the existing 33kV line from Ridge BSP through the Kaase Substation […] The post ECG
The United States has restricted travel for its embassy personnel in Israel amid fears of an attack by Iran. The US embassy said staff had been told not to travel outside the greater Jerusalem, Tel Aviv or Beersheba areas “out of an abundance of caution”. Iran has vowed to retaliate, blaming Israel for a strike […] The post US restricts travel
Less than two months before European voters in 27 countries take part in EU Parliament elections, Belgium says it is investigating pro-Russian networks that are trying to influence the vote. Moscow’s aim was to bring more pro-Russian candidates into the European Parliament, said Prime Minister Alexander de Croo. “Weakened support for Ukraine serves Russia on […] The post Belgium
The donated items The Abbosey Okai Spare Parts Dealers Association has donated food items to Muslims in the community as part of the Eid celebration. The donation included bags Read More... The post Spare Parts Dealers Support Abbosey Okai
Inflation for March 2024 increased sharply to 25.8% from 23.2% recorded in February 2024. This means that in March 2024, the general price level was 25.8% higher than in Read More... The post Inflation Rises To 25.8% appeared first on DailyGuide
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has told the government to empower any of the commercial banks to take over the running of the ‘Gold for Oil’ porgramme. To him, any commercial bank will be able to do so if its capacity is built by the government. Dr Addison said this […] The post Empower a commercial bank to take over ‘Gold
Buem Member of Parliament, Mr Kofi Adams, has asked the Governor of the Bank of Ghana (BoG), Dr Ernest Addison whether there is any commercial bank in Ghana capable of running the Gold for Oil programme if the central bank decides to shift to the operations to them. This was after Governor Addison hinted that […] The post Is there any commercial bank
Bryan Acheampong, Minister for Food and Agriculture THE MINISTRY of Food and Agriculture (MoFA), has said it has not approved the commercialization of the maize and soya products, which Read More... The post Govt Has Not Approved NBA Soya, Maize Seeds – MoFA
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