The Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, together with some Senior Executives of the bank recently met with the Chinese Ambassador to Ghana, H.E. Lu Kun, to promote deeper trade and investment ties between Chinese and Ghanaian businesses. During the meeting, Mr. Asomaning underscored the importance of the strategic partnership between Standard Bank, […] The post Stanbic
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has vowed to cancel the supply of food items to Senior High Schools by the National Food Buffer Stock Company as part of his vision to review the Free SHS policy. John Mahama says feeding grants would be channelled through the heads of Senior […] The post No more Buffer Stock –
John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has criticized President Nana Addo Dankwa Akufo-Addo’s handling of the anti-LGBTQ bill, urging him to seek guidance from the Council of State. Mr. Mahama says President Akufo-Addo’s decision not to assent to the bill is undemocratic and wrong. Speaking at a meeting with members […] The post Consult
For the second time, the Kejetia Market in the Ashanti region finds itself disconnected from the national power grid due to a Ghc70 million debt owed to the Electricity Company of Ghana (ECG). Since the disconnection occurred about a week ago, the market has been dependent on an alternative power plant as its energy source. […] The post Dumsor: ECG disconnects Kejetia
Rev. Dr. Samuel Worlanyo, an economist and spokesperson of the Grand Coalition, has warned about the potential collapse of Ghana’s economy if it continues to heavily rely on borrowing from financial institutions such as the International Monetary Fund (IMF). In acknowledging the necessity of borrowing for governmental initiatives and projects, Dr. Worlanyo stressed the critical […] The post Any
The three teacher unions in the country say they are disappointed about the lacklustre attitude of the government towards the negotiation with teachers for better conditions of service. A statement issued by the three teacher unions namely Ghana National Association of Teachers, National Association of Graduate Teachers and Coalition of Concerned Teachers Ghana and signed … The post Govt
The Chamber of Petroleum Consumers (COPEC) has chided the Ministry of Transport over its directive to the Ghana Police Service regarding the implementation of new fares. The Ministry, on Monday, April 15, directed the Ghana Police Service to be on the lookout for commercial drivers who are charging fares exceeding the approved rates. Executive Secretary […] The post Transport
The Ghana Cocoa Board (COCOBOD) has painted a gloomy picture of the potential loss of Ghana’s premium position in the international cocoa market due to activities of illegal mining. In an interview on The Point of View with Bernard Avle, Prof. Michael Kwarteng, Director of the Anti-Corruption Galamsey Unit of COCOBOD, lamented the adverse impact […] The post Ghana
An estimated GH¢1.6bn agricultural livelihoods were lost due to the Akosombo/ Kpong dams spillage that affected eight districts in the Greater Accra, Eastern and Volta regions in September and October last year. This represents an estimated 1.2 per cent in Gross Domestic Product of Ghana, a Consultant at the Food and Agriculture Organisation (FAO) of … The post Assessment
The ministry of finance has affirmed that ongoing negotiations regarding debt restructuring with creditors have not culminated in failure. Through a tweet, the ministry clarified that an interim agreement has been reached between Ghana and bondholders, but adjustments are necessary to align with IMF debt sustainability targets. “Ghana and Bondholders reached an interim deal, which […] The post
Ghana has made “significant progress” in debt-restructuring negotiations and the latest snag that sent its eurobonds tumbling on Monday will be ironed out in further talks with bondholders, Finance Minister, Mohammed Amin Adam said. Negotiations that started mid-March resulted in an interim deal last week, with international investors holding about 40 per cent of Ghana’s … The post We
The Management of the Ghana Water Company Ltd (GWCL) says the GH¢1.2 billion debt owed by customers is having a negative impact on the operations of the company. “ As a utility company mandated by law to ensure access to clean water, the company is committed to providing reliable services, however, the GWCL is persistently … The post Customers’ GH¢1.2 billion
The OmniBSIC Bank, thought to be the fastest growing bank in the country, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 per cent to GH¢150.6 million in … The post OmniBSIC Bank posts historic GH¢150m
By Joshua Worlasi AMLANU [email protected] Finance Minister Dr. Mohammed Amin Adam has assured that government is pushing forward with its debt negotiations, determined to reach an agreement with its creditors that is acceptable to all parties while staying within the sustainability targets of its IMF-supported economic programme. Ghana is aiming to cut US$10.5billion from its […] The post
The Minister for Finance, Dr. Mohammed Amin Adam, is leading Ghana’s delegation to the IMF/World Bank Spring Meetings taking place in Washington DC. The delegation, which is made up of officials from the Finance Ministry and the central bank, include Abena Osei Asare, Minister of State at the Finance Ministry; Fatimatu Abubakar, Minister for Information; […] The post
The National Service Scheme (NSS) has called on President Nana Akufo-Addo to swiftly sign the Ghana National Service Authority Bill 2024 into law. The move aims to grant the secretariat authority and autonomy, as stated by the NSS during the policy launch on April 15, 2024. The Executive Director of NSS, Osei Assibey Antwi, emphasized […] The post NSS urges Akufo-Addo
Stanbic Bank Ghana, a subsidiary of the Standard Bank Group, has signed a Memorandum of Understanding (MOU) with the Ghana Medical Association (GMA) aimed at offering tailor-made financial solutions to members of the GMA. Speaking at the MOU signing ceremony at Stanbic Heights in Accra, Kwamina Asomaning, Chief Executive of Stanbic Bank said health is […] The post
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […] The post OmniBSIC
The Minister of Finance, Dr Mohammed Amin Adam, has reaffirmed that Ghana’s medium-term macroeconomic outlook and prospects remain positive and promising. He also highlighted the government’s dedication to implementing comprehensive structural reforms to bolster growth and enhance revenue mobilisation. Speaking during a joint press conference by the government of Ghana and the International Monetary Fund […] The post Ghana’s
The government is determined not to overburden Ghanaians with the payment of more taxes, Dr Mohammed Amin Adam, the Finance Minister, has assured. Rather, the government would ‘use the hard way’ to collect revenue from those who have not been paying the appropriate taxes, as well as those who have been evading taxes in the […] The post We won’t overburden Ghanaians
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