By Elizabeth PUNSU, Kumasi The Coordinator of the Women’s Wing at the Ghana Union of Traders Association (GUTA), Pearl Opoku, has urged the Registrar of Companies to lower the costs associated with registering businesses led by women in the country. Ms. Opoku stressed that such action would streamline the formalisation process for numerous micro, small […] The post
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
Dr Ernest Addison, BoG Governor Ghana earned $2.8 billion from its major exports in the first two months of this year. A recent assessment of the country’s external sector Read More... The post Exports Rake In $2.8bn appeared first on DailyGuide
Banks’ performance has rebounded after the Domestic Debt Exchange Programme (DDEP), Governor of the Bank of Ghana, (BoG), Dr Ernest Addison has said. He indicated that the banks that were severely hit by the DDEP are relying on the Bank of Ghana-approved capital restoration policy. Dr Addison said these at the 117th Monetary Policy Committee […] The post Banks’ performances
The Alliance of Feminist CSOs has said that it finds the utterance made by the Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi-Boasiako, about the marital status and region of origin of Prof. Jane Naana Opoku-Agyemang completely unacceptable. The leadership of the organization has therefore called on the NPP’s leadership to call […] The post Call
The Chamber of Petroleum Consumers (COPEC) has expressed concerns about the recent increase in the number of the reconstituted Tema Oil Refinery Board. President Akufo-Addo, in a letter dated March 18 and under the hand of Nana Bediatuo Asante, Secretary to the president, announced the reconstitution of the board of the Tema Oil Refinery (TOR) […] The post Increased
Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
Apple (AAPL.O), Alphabet’s (GOOGL.O), Google and Meta Platforms (META.O), will be investigated for potential breaches of the Digital Markets Act, EU antitrust regulators said on Monday, potentially leading to hefty fines for the companies. The law, effective from March 7, requires six gatekeepers – which provide services like search engines, social networks and chat apps … The post Apple,
Intel (INTC.O), and Advanced Micro Devices (AMD.O) fell more than 2% on Monday after a report that China would limit the use of their chips and servers in government computers, potentially threatening billions of dollars in sales for the U.S. companies. The Financial Times reported over the weekend, China has introduced guidelines to phase out … The post Intel, AMD fall on
Google (GOOGL.O) will continue to defend the way it complies with the Digital Markets Act in the coming months, the Alphabet unit said on Monday, after EU antitrust regulators started an investigation into potential breaches of the EU tech rules. “To comply with the Digital Markets Act, we have made significant changes to the way … The post Google says will defend its DMA
The Energy Minister, Dr. Matthew Opoku Prempeh, has stated that the country is not facing ‘dumsor’ (erratic power supply), indicating that individuals calling for a load-shedding timetable should release it themselves. He said the current power situation is “300 times better” than what was experienced under former President John Mahama in 2015. “If you are […] The post Load-shedding
The Ministry of Foreign Affairs and Regional Integration has cautioned the travelling public to be wary of the activities of middlemen/agents who purport to have the ability to secure citizenship, resident permits and job offers in conflict areas and in countries at war. The Ministry said these journeys are perilous and often have dire consequences. […] The post Avoid travels
The Chief Executive Officer (CEO) of the Independent Power Generators, Ghana (IPGG), Dr. Elikplim Kwabla Apetorgbor, has appealed to the Ministry of Energy to reconsider its decision to reject their request to include them in the Cash Waterfall Mechanism Committee. The IPGG said that the earlier appeal to be included was rejected by the Ministry. […] The post Independent
The military of the West African nation, which is plagued by kidnappings largely driven by demands for ransom payments, said 137 children had been freed in the country’s north.
The three striking teacher unions are requesting the Ministry of Employment and Labour Relations to postpone their meeting with the National Labour Commission scheduled for today, March 22, to Monday, March 25. These unions, comprising the Ghana National Association of Teachers (GNAT), the National Association of Graduate Teachers (NAGRAT), and the Coalition of Concerned Teachers, […] The post Striking
The US has filed a landmark lawsuit against Apple, accusing the tech giant of monopolising the smartphone market and crushing competition. In the legal action, the justice department alleges the company abused its control of the iPhone app store to “lock in” customers and developers. It accuses the firm of taking illegal steps to thwart […] The post Apple
The Bank of Ghana has reiterated its commitment to combating the circulation of counterfeit currency. The Central Bank emphasizes its progress toward achieving a zero-counterfeit regime. Counterfeiting and possession of counterfeit banknotes are punishable by law. During a press conference held during a tour of the currency processing centre as part of Ghana Heritage Month, […] The post BoG
The Bank of Ghana (BoG) has a duty to slash its Policy Rate (PR) 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 rate drastically will trigger a decline in the ‘artificially high’ lending […] The post Cut policy rate drastically – Economist tells Bank
Rev. Stephen Wengam The General Superintendent of Assemblies of God, Ghana, Rev. Stephen Wengam says the church is vigorously pursuing its Transformation Agenda to reposition it as the leading Read More... The post Assemblies Of God On The Move appeared first on DailyGuide
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