President Akufo-Addo Ghana is likely to lose US$3.8 billion in World Bank financing over the next five to six years if the Human Sexual Rights and Family Values Bill Read More... The post Anti-Gay Bill… Ghana To Lose $3.8bn World Bank Funds appeared
Fidelity Bank Ghana, the nation’s largest privately-owned bank, has successfully constructed a mechanized borehole for the Police Public Safety Training School (PPSTS) at Pwalugu in the Upper East Region, providing a sustainable and reliable source of clean water for the officers and the entire community. For more than a decade, the PPSTS has grappled with […] The post Fidelity
Heightened corporate demand and persistent foreign exchange (FX) pressure has seen the local currency plummet against major trading currencies, reflecting mounting concerns over inflationary pressure and liquidity dynamics. This is despite the over US$106.10million injection into the FX market through the Bank of Ghana’s (BoG) spot market operations, and bulk oil distribution companies (BDCs). Corporate […] The post
The Akufo-Addo-Bawumia-led New Patriotic Party (NPP) government has announced the setting up of a FinTech Innovation Fund (FIF) to support FinTech start-ups in a move to drive the country’s Read More... The post Govt To Set Up FinTech Fund appeared first on DailyGuide
The ad-hoc committee tasked with probing the issues surrounding the locked-up funds of customers affected by the collapse of Gold Coast Fund Management Limited has postponed its public hearing to Wednesday, February 28, 2024. This adjustment is to make way for President Nana Akufo-Addo’s State of the Nation address in Parliament, scheduled for Tuesday, February […] The post Gold
The ad-hoc committee tasked with probing the issues surrounding the locked-up funds of customers affected by the collapse of Gold Coast Fund Management Limited has postponed its public hearing to Wednesday, February 28, 2024. This adjustment is to make way for President Nana Akufo-Addo’s State of the Nation address in Parliament, scheduled for Tuesday, February […] The post Public
The Government has plans to set up a FinTech Innovation Fund to support Start-ups to drive Ghana’s digital revolution. Vice President Mahamudu Bawumia announced this in Accra on Monday during the official press launch of the maiden 3i Africa Summit. The three-day summit, to be held in Accra, is scheduled for May 13-15, 2024, on […] The post Government to introduce
Waste management company, Zoomlion Ghana Limited, has deployed new sanitation recruits to augment the company’s provision of sanitation services at the various stadiums and sports facilities that will host the 13th All African Games in Accra from the 8th to 24th of March 2024. The recruits, who were trained at the Army Peace Operations Training […] The post Zoomlion
Zenith Bank has reaffirmed its commitment to the real economy, as evidenced by a slew of measures geared toward empowering Micro, Small and Medium Enterprises (MSMEs) in the country, a move which it describes as ‘true banking’. This renewed dedication was announced by its Managing Director and Chief Executive Officer, Henry Onwuzurigbo, and comes on […] The post Zenith
The latest Ghana Petroleum Holding Fund (PHF) semi-annual report, released by the Bank of Ghana, shows that the country received over $521 million into its Petroleum Holding Fund (PHF) for the second half of 2023. However, this amount represents a decrease compared to the US$696.82 million petroleum receipts recorded during the same period in 2022. […] The post Ghana’s
A delegation from the Global Community Engagement and Resilience Fund (GCERF), led by the Board Chairman Mr. Stefano Manservisi, visited Ghana to discuss collaborative efforts in countering violent extremism. During the visit, the team paid a courtesy call on the President of the Republic, HE Nana Addo Dankwa Akufo Addo, the Minister for National Security, […] The post GCERF
Switzerland, through its State Secretariat for Migration, is partnering the Kofi Annan International Peacekeeping Training Centre (KAIPTC) to host a two-week Migration Management Course. In her opening remarks, Swiss Ambassador to Ghana Simone Giger began by quoting Amy Pope, Director General-International Organisation for Migration, who said: “Migration is a transformational force that can facilitate innovation, […] The post
Ghana’s MIIF has stepped up efforts to attract North American partners into the Ghanaian mining space. MIIF, the sovereign minerals fund of Ghana, was created by law to manage the equity interests of the Government of Ghana in mining companies and collect and manage mining royalties due the state for purposes of investment. M 11F […] The post MIIF
Standard Chartered Wealth Management Chief Investment Office (CIO) has released its Outlook 2024 report, outlining its investment strategy for the year ahead. The US and other major economies are likely to witness sharply slower growth and sliding inflation in 2024. Equity and bond markets are expected to start 2024 positively, supported by hopes of a […] The post Sailing with the wind
Artificial intelligence will affect up to 40% of jobs worldwide, the International Monetary Fund (IMF) has warned. This could rise to 60% of roles in advanced economies like the UK – but it is believed that, in half of these cases, AI will benefit the workforce. In a new report, the IMF warned that AI’s […] The post Artificial intelligence
Aggrieved customers of the now-defunct Gold Coast Fund Management Limited are expressing concern about the delay in the commencement of work by the parliamentary ad hoc committee tasked with investigating issues related to their frozen funds. The committee, established by Speaker of Parliament Alban Bagbin on December 6, 2023, with a 3-month timeframe for the […] The post Gold
Nuhu Bayorbo Mahama President Akufo Addo has appointed Mr. Nuhu Bayorbo Mahama as the Chief Executive of the Students Loan Trust Fund. In a letter signed on Tuesday, January Read More... The post Akufo Addo appoints Nuhu Bayorbo Mahama as SLTF Boss
Nuhu Bayorbo Mahama has been appointed as the new Chief Executive Officer of the Students Loan Trust Fund. This was announced in a letter the Chief of Staff, Akosua Frema Osei-Opare, wrote to Mr. Mahama dated January 2, 2024, and sighted by citinewsroom.com. “Pursuant to Section 13 (1) of the Students Loan Trust Fund Act, […] The post Nuhu Bayorbo Mahama
The Graduate Students Association of Ghana (GRASAG) has raised concerns over the non-payment of research support grants, commonly known as bursaries, for graduate students. These grants play a pivotal role in supporting graduate students in their research endeavours, contributing significantly to the advancement of knowledge and overall academic development. However, over the past two years, […] The post GRASAG
The Ghana Revenue Authority (GRA) has issued a notification to ride-hailing vehicle owners regarding the implementation of a new tax policy called the Value Income Tax (VIT), effective from January 1 2024. As per Section 22 of Regulations 2016, LI 2244, the GRA specified that “any commercial vehicle owner that earns income from the operation […] The post Uber,
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