The first two months of 2024 have brought with them a decent level of activity in the domestic corporate bond market, with two notable issuances by Kasapreko, the indigenous beverage manufacturer, and Letshego, a financial services provider. Data from the Ghana Stock Exchange (GSE) show that the former has successfully raised GH¢103.75million through a senior […] The post Kasapreko,
As Ghana embarks on implementing its ambitious 24-hour economy policy, the potential for economic growth and development is immense. This policy aims to stimulate economic activities round the clock, creating jobs, and fostering a vibrant, inclusive economy. However, to sustain this growth, enhancing tax revenue is crucial. This opinion statements outlines the strategic approaches to […] The post Enhancing
Russia and China have slammed the United States for its recent air strikes on targets in Iraq and Syria. The two countries accused Washington of raising the risk of regional escalation at a meeting of the United Nations Security Council late on Monday. Moscow also asserted that the US decision to launch the attacks was […] The post Russia and China slam US for Middle East strikes
The financial services sector plays a crucial role in the country’s economy, and its human capital is the driving force behind its success. Thus, the human resources function in the financial services sector plays a pivotal role in attracting, developing and retaining talents while ensuring compliance with evolving regulations. Despite these significant contributions, the industry […] The post
Donald Trump does not have presidential immunity and can be prosecuted on charges of plotting to overturn the 2020 election, a US court has ruled. Mr Trump had claimed in the landmark legal case that he was immune from criminal charges for acts he said fell within his duties as president. But Tuesday’s ruling in […] The post Donald Trump does not have presidential
The United States has reportedly approved a plan to attack Iran-linked targets in Iraq and Syria in retaliation for the killing of three soldiers five days ago. US broadcaster CBS News reported on Thursday that the White House has approved the targeting of Iranian personnel and facilities inside the two countries in response to the […] The post US approves plan
More than 800 serving officials in the US and Europe have signed a statement warning that their own governments’ policies on the Israel-Gaza war could amount to “grave violations of int rnational law”. The “transatlantic statement”, a copy of which was passed to the BBC, says their administrations risk being complicit in “one of the […] The post Western
Henry Quartey, the Greater Accra Regional Minister, has disclosed that, contrary to spare part dealers at Abossey Okai opposing the proposal to move them to Afienya, over 4,000 of the dealers appended their signatures agreeing to be moved to the proposed location. As part of its decongestion exercise of major places in Accra, the government […] The post Over
…as CIBA endorses proposed policy Former president, John Dramani Mahama, has said he will initiate an Accelerated Export Development Programme as part of the 24-hour Economy Policy implementation when voted into power. He explained that the programme will be coordinated from the presidency in order to give it the requisite support due to the critical […] The post 24-hour
The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking at a press briefing […] The post Policy rate cut to 29% on back of retreating
The US government has released the names of three troops killed by an enemy drone attack in Jordan on Sunday. Sgt William Jerome Rivers, 46, Specialist Kennedy Ladon Sanders, 24 and Specialist Breonna Alexsondria Moffett, 23 were killed when a drone hit their housing unit. The US has blamed Iranian-backed groups and the Pentagon said […] The post Three US soldiers killed in Jordan
Ghana’s economic tapestry is rich yet challenged, marked by intricate financial dealings and the need for strategic manoeuvering. One such example is the GRA-SML deal, reflecting the complexities Ghana faces. Amid these economic intricacies, entrepreneurship education emerges as a beacon of hope, offering more than just employment opportunities, but a pathway to holistic economic rejuvenation. […] The post
Iran denies it was involved in the drone attack which killed three US troops and injured 34 on a US base in Jordan, near the Syria border. US President Joe Biden said the attack had been carried out by Iran-backed militant groups operating in Syria and Iraq. “We shall respond,” he said at a campaign […] The post Iran denies involvement in drone
Ghana, a nation facing its worst economic challenges, recently received a much-needed cushion in the form of a US$3 billion bailout approved by the International Monetary Fund (IMF). This financial support has appeared to be a critical help for Ghana’s struggling economy, particularly in the face of the shocks brought by the COVID-19 pandemic. This […] The post
U.S. EPA Administrator Michael S. Regan has paid an honorary visit to the W. E. B. Du Bois Center for Pan-African Culture in Cantonments. The visit comprised a tour of the tomb, where he solemnly spent time with the Pan-Africanist. Speaking to the media, Mr. Regan recounted, “Reflecting on being a Black man in America, […] The post Michael S. Regan honors W. E. B. Du Bois’
The Economic Community of West African States (ECOWAS) has responded to the withdrawal of three member states – Niger, Mali and Burkina Faso from the Commission. A joint statement from the military rulers of these member states on Sunday, January 28 said, “after 49 years of existence, the valiant people of Burkina, Mali and Niger […] The post We are yet
The Bank of Ghana (BoG) is prepared to continue the necessary structural reforms to revive the country’s shaky economy. It emphasizes the importance of vigilance and commitment in realigning the country’s economic situation. Following the approval of the second $600 million tranche from the International Monetary Fund (IMF), Dr. Ernest Addison, Governor of the Bank […] The post We’ll
as inflation eats away 92% of currency’s value since 2007 The cedi’s struggle to maintain value beyond the short term continues to raise concerns about the economy’s long-term transformation, financial expert Adjei Boateng has said. Mr. Boateng, a chartered financial analyst (CFA), highlighted the cedi’s significant devaluation, losing 91.6 percent of its value since the […] The post
The World Bank has approved a $300 million Development Policy Operation for Ghana. The First Resilient Recovery Development Policy Financing is a critical contribution by the Bank’s International Development Association (IDA) to help Ghana’s economic recovery and support the country’s resilient and inclusive growth. “The Government of Ghana remains committed to restoring macroeconomic stability and […] The post
Julius Malema, the Commander-In-Chief of the Economic Fighters Front (EFF), is set to arrive in Accra on 23rd January 2023, for a significant dialogue with the youth of Africa. The event, organized by AriseGhana, aims to provide Ghana’s youth with an opportunity to learn from Malema’s fervent activism and radicalism, as well as his unquenchable […] The post Julius
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