Canan, a name that evokes images of a promised land in the Bible. But for the people of Canan, a small island community in the Afram Plains, Eastern Region of Ghana, the reality is quite the opposite. Canan’s estimated population of 1,000 predominantly immigrant residents from Ningo Prampram is struggling with a lack of essential […] The post E/R:
Three years ago, when Bukom Square received an Astroturf pitch, audience stands, and floodlights for nighttime play, the community was elated. It was a moment of pride and excitement. Finally, they had a proper venue to nurture football talent, much like they had done for boxing over the years. The Astroturf quickly became the heart […] The post VIDEO: From promise to decay: The sad
It is a welcome relief to hear the Ministry of Food and Agriculture (MoFA) categorically deny the commercialisation of certain genetically modified organisms like maize, soy or even perhaps, tomatoes in our food chain. The clarification comes amid concerns expressed by a number of interest groups like the Peasant Farmers Association of Ghana (PFAG), aggregators […] The post
The Ghana Statistical Service (GSS) has announced that inflation for the month of March this year increased to 25.8%. This is up from 23.2% recorded in February 2024. Government statistician Professor Samuel Kobina Annim said at a press conference in Accra on Wednesday, April 10 that the non-food inflation went up by 22.6 percent while food […] The post Inflation rate increases sharply to
Nigeria has recovered 30bn naira ($24m; £19m) as part of an ongoing corruption probe into a suspended minister, the financial watchdog says. The funds were traced to more than 50 bank accounts, it said. Humanitarian Affairs and Poverty Alleviation Minister Betta Edu was initially suspended in January over the alleged diversion of $640,000 of public […] The post Betta
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 Majority Leader, Alexander Afenyo-Markin has highlighted the importance of a united effort among Ghanaians for the nation’s prosperity. He emphasized that the road to prosperity requires the combined efforts of all citizens, not solely the leadership. Speaking at an event hosted by Bradford University, the Effutu Member of Parliament expressed confidence in the government’s […] The post Path
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
The Bank of Ghana (BoG) has maintained its Monetary Policy Rate (MPR) at 29 per cent. This comes as the International Monetary Fund (IMF) warned Central Banks to be careful when cutting interest rates as looser monetary policy could push inflation up further. This is the first time the BOG is maintaining the rate in […] The post BoG maintains policy rate at 29% appeared first on
Ghana’s policy rate is one of the highest globally and can not be justified, therefore the Bank of Ghana (BoG) has a duty to slash it drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing […] The post Ghana’s policy rate is one of the highest
By Cina Lawson and Rory Stewart For decades, the international community has grappled with the challenge of ending extreme poverty, which is the leading Sustainable Development Goal for 2030. Despite some progress, we remain far off track, with an estimated 700 million people still struggling to survive on less than $2.15 per day. Unlike in […] The post A
The fast-paced progress of technology in our modern era brings up crucial concerns in intellectual property law that need urgent consideration. With the advent of the Metaverse, businesses are now exploring business opportunities in a virtual space that mimics our physical world. In the Metaverse, the options are boundless – you can engage in activities […] The post Looking
Dr. Ernest Addison The Monetary Policy Committee (MPC), of the Bank of Ghana has dropped its lending rate from 30% to 29% following a decline in inflation. The Governor Read More... The post Policy Rate Drops To 29% appeared first on DailyGuide N
Seven African personalities have received awards at the maiden edition of the Africa Prosperity Champions Awards (APCA) organised by the Africa Prosperity Network (APN) as part of the 2024 Read More... The post Seven Personalities Receive Africa Prosperity
Njack Kane African governments have been charged to chart a united front to harness its vast resources in order to have a shared prosperity for the continent. Acting CEO Read More... The post Njack Kane Calls For Africa’s Prosperity appeared first on
Dr. Ernest Addison – Governor of Bank of Ghana The Bank of Ghana (BoG) has announced a significant reduction in its Monetary Policy Rate, also known as the base Read More... The post BoG Lowers Base Rate To 29% To Stimulate Economic Growth
Nigerian singer, songwriter, and music executive, Oluwatosin Oluwole Ajibade, popularly known in the entertainment industry as Mr. Eazi, has won the Young Entrepreneur Award at the 2024 African Prosperity Champions Award held at the Kempinski Gold Coast Hotel in Accra. The award recognises Mr. Eazi's drive to set up businesses on the continent and project […] The post African
President of Guyana, Irfaan Ali, was on Friday, January 26, awarded the prestigious Global African Leadership Award in recognition of his “strong and transformational leadership” in Ghana. The Head of State was accompanied by First Lady Arya Ali to the African Prosperity Champions Awards and Presidential Gala Dinner at the Kempinski Hotel Gold Coast City, […] The post Guyana
Celebrated Afro-Dancehall artiste Stonebwoy has finally unveiled his debut single for 2024 dubbed ‘Believe In Africa’. The song was unveiled during his impressive performance at the Africa Prosperity Awards held at the Kempinski Hotel in Accra on Friday, January 27. Stonebwoy, who was dressed in a stunning white tuxedo, gave an amazing performance on the […] The post Stonebwoy
In a ground-breaking collaboration, Oxford Business Group (OBG) and the Africa Prosperity Network (APN) are joining forces to spearhead the APN initiative to identify and address bottlenecks in manufacturing, adding value, and trading within the African continent. This strategic partnership signifies a commitment to shedding light on Africa’s economic landscape, particularly in Ghana and the […] The post
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