By Joshua AMLANU & Ebenezer NJOKU The economy is “on the right trajectory” and rebounding stronger than anticipated, with government successfully reversing negative trends and living within its means finance minister Dr. Mohammed Amin Adam has said. Delivering the 2024 Mid-Year Fiscal Policy Review in parliament, Dr. Adam argued the data paint a picture of […] The post Economy
By Kizito CUDJOE The ECOWAS Regional Electricity Regulatory Authority (ERERA) is on the brink of a major breakthrough with the proposed regional grid code, aiming to unify the electricity market across West Africa. This is seen as the key focus for engagement as ERERA’s 23rd Meeting of its Consultative Committees of Regulators and Operators comes […] The post
The Supreme Court of Ghana has affirmed that the Bank of Ghana (BoG) acted within its legal rights when it revoked the operating licence of UniCredit Ghana Limited. The highest court’s unanimous decision reverses an earlier judgment by the Court of Appeal, thus upholding the High Court’s initial ruling. The Supreme Court panel consisting of […] The post Supreme
The Group Chairman, United Bank for Africa (UBA) Plc and Founder of the Tony Elumelu Foundation, (TEF), Tony Elumelu, participated in the African Union’s high-level meetings in Accra, where he emphasised the critical importance of mobilising resources for the Africa Peace Fund. Speaking at the Africa Peace Fund session, Mr. Elumelu stressed that the success […] The post Tony
The World Bank’s 8th Economic Update for Ghana titled Strengthening Domestic Revenue Systems for Fiscal Sustainability notes that despite recent increases in the pace of exchange rate depreciation and slower-than-expected inflation reduction, Ghana’s economic indicators remain on track for 2024 and beyond. The report highlights the steady progress Ghana has made over the past year […] The post
Ghana’s premium Oil Marketing Company, GOIL PLC has been crowned Ghana’s Oil Marketing Company of the Year at the just-ended maiden edition of the Ghana Downstream Awards and Gala Night held in Accra. On the same night, GOIL PLC was honored for its outstanding contributions to the petroleum downstream sector and as a pioneer in […] The post GOIL
Finance Minister, Dr. Mohammed Amin Adam has disclosed that the the provisional total central government debt as at the end of June 2024 stood at GH¢742.0 billion (US$50.9 billion), equivalent to 70.6 percent of GDP. This indicates an increase of 22.0 percent due to the effect of the Cedi depreciation and the continuous disbursements from […] The post Mid-Year
Finance Minister, Dr. Mohammed Amin Adam has revealed that government will re-institute the integrated property tax system and intends to develop framework to re-introduce road and bridge tolls. Presenting the mid-year budget review to Parliament on Tuesday, July 23, he stated that “Government will re-institute the integrated property tax system by synthesizing data from MMDAs, […] The post
Presenting the mid-year budget review to Parliament on Tuesday, July 23, Finance Minister, Dr Mohammed Amin Adam has said a total of GH¢435m allowance has been paid to nursing and teacher trainees from January to June, 2024. He stated that “Government continues to honour the payment of Trainee Allowances, a total amount of GH¢219 million was […] The post
Finance Minister, Dr. Mohammed Amin Adam has announced the revision of macro-fiscal targets for 2024. He said it is has become necessary to revise the 2024 macroeconomic framework due to the latest economic developments, both domestic and global, including the impact of the debt restructuring. During his presentation of the Mid-Year Budget Review on Tuesday, […] The post
Dr. Mohammed Amin Adam, the Finance Minister has said government has disbursed GH?5.4 billion to support LEAP, School Feeding programme, Capitation Grant and National Health Insurance Scheme since January, 2024 to reduce the burden on the vulnerable in our country. He added that GH?1.5 billion was used to support 1,488,575 students under the Free SHS […] The post
By Emmanuel AKOMEA The Alliance of African Multilateral Financial Institutions (AAMFI) has jointly dedicated a US$62 billion fund to address the continent’s critical trade and investment gaps. The Alliance aims to collaborate to address Africa’s development finance needs, promote the interests of member states, advocate for Africa on global finance issues, develop innovative finance tools, […] The post
The Ghana Insurers Association has launched the 2024 edition of the Insurance Awareness Month in Accra. The month-long programme is being held under the theme ‘Making Insurance the Ghanaian Way of Life’. The campaign aims at increasing the public’s understanding of insurance concepts, educating them on how insurance could mitigate the potential risks faced in […] The post GIA
…presents motor bikes and party paraphernalia The National Democratic Congress is on course for total victory in the forthcoming December polls but this can only be ensured when Party Executives and officials move down to the Branches, Wards and Constituencies to educate members and the people on the sound policies the NDC plans to implement […] The post
By Samuel LARTEY (Prof) ([email protected]) Ghana’s US$3 billion support package from the International Monetary Fund (IMF) is seen as a lifeline for the nation’s economy, especially during these challenging times. This substantial financial aid aims to stabilize the economy, ensure fiscal sustainability, and promote growth. Workers, small and medium-sized enterprises (SMEs), and cross-border traders are […] The post
A crucial part of effective communication is confidence. The effect of a message can impact differently because of the energy that it carries; the way and manner in which it is said. Confidence is an expression of how we feel inside about ourselves and on a daily basis, the way we do things and say […] The post Insights with Dzigbordi K. Dosoo:
By Winfred Kwasi Dodzih(Dr) As Ghana approaches the mid-year point, the unveiling of the economic budget and financial statements becomes a pivotal event, especially for key stakeholders such as the insurance sector, drivers of commercial and private transport, and cross-border traders. These groups have distinct yet interconnected expectations that revolve around financial stability, regulatory clarity, and […] The post
…deny opposition to CRM By Wisdom JONNY-NUEKPE The LPG Marketing Companies Association of Ghana has cautioned the National Petroleum Authority (NPA) not to compromise the association’s investment of over US$400million in the industry. Responding to a speech by NPA CEO Dr. Mustapha Hamid, at the recently held Ghana International Petroleum Conference in Accra, the LPG […] The post
Petroleum Haulage Company, J.K. Horgle and Co. Limited, has been crowned the Most Outstanding Transport Company of the Year at the maiden edition of the Ghana Downstream Awards and Gala Night. The event was held at the luxurious Alisa Hotel North Ridge in Accra. On the same night, the Group CEO of J.K. Horgle Transport […] The post J.K. Horgle Transport
By Augustina DAN-BRAIMAH Access to finance and its related costs remains a major challenge for doing business in Africa, particularly for small businesses. This hinders the establishment of new businesses and the ability of existing businesses to upgrade or upscale. In some cases, inadequate funding ultimately leads to an abrupt end or failure of business. […] The post Alternative
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