The Executive Secretary of the Chamber of Petroleum Consumers (COPEC) has urged the government to focus on strengthening the Cedi to ensure a reduction in the prices of petroleum products. Prices of petroleum products have been on a free fall in the past weeks and further worsened with the reversal of the suspension of the […] The post Fuel price hikes: Strengthening
Samuel Ayeh-Paye, the former Member of Parliament for Ayensuano, has called for a thorough investigation into the recent train accident, stating that the sentencing of the driver involved is not sufficient to close the case. Ayeh-Paye highlighted the need for accountability from various stakeholders, including the railway development authority and the Ghana Railway Company Limited. […] The post New
Kwadwo Nsafoah Poku, an Energy Analyst and member of the New Patriotic Party (NPP) has urged Ghanaians to refrain from politicising fuel prices. On April 16, 2024, several Oil Marketing Companies (OMCs) increased fuel prices, marking the second pricing window of the month. Investigations by Citi News at various OMC outlets showed a notable rise […] The post We shouldn’t
The National Youth Organizer of the New Patriotic Party (NPP), Salam Mustapha, has emphasized the anti-corruption credentials of the party’s flagbearer, Dr. Mahamudu Bawumia. Mustapha contends that Dr. Bawumia surpasses the flagbearer of the National Democratic Congress, John Mahama, in any anti-corruption assessment, highlighting his lack of association with corruption allegations as both a technocrat […] The post Bawumia
Abebe Selassie, Director of the African Department at the International Monetary Fund (IMF), has stated that the fund will not require the Ghanaian government to implement additional adjustments. He expressed optimism that ongoing discussions among official creditors will facilitate the conclusion of talks, enabling the release of the third tranche of funds. Abebe Selassie emphasized […] The post IMF
The Trades Union Congress (TUC) has issued a scathing rebuke of Professor Stephen Adei following his assertion that Ghanaian workers rank among the least productive globally. During an interview on GHOne on April 8, the former Rector of the Ghana Institute of Management and Public Administration (GIMPA) conducted a comparative analysis of worker productivity levels […] The post We’ll
President Nana Addo Dankwa Akufo-Addo has openly acknowledged the recent power supply challenges, assuring the nation of the government’s unwavering commitment to resolving the issues at hand. Expressing gratitude for the patience exhibited by Ghanaians during the recent power cuts, the president reassured citizens of ongoing efforts to mitigate the challenges. During the inauguration of […] The post Dumsor:
The International Monetary Fund (IMF) has predicted that 40 percent of the global workforce will be affected by the introduction of Artificial Intelligence. According to the IMF, though AI has improved productivity, it is likely to render many jobless in the coming years. Speaking to journalists on the sidelines of the 2024 IMF-World Bank Spring […] The post Artificial
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 –
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 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
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
Dr Mohammed Amin Adam, the Minister of Finance, has outlined key performance indicators that led to the successful completion of the Second Review by the International Monetary Fund (IMF). On Saturday, April 13, 2024, the IMF disclosed that it had reached a staff-level agreement on the second review of the extended credit facility with Ghana. […] The post IMF
Godwin Edudzi Tameklo, the Director of Legal Directorate for the National Democratic Congress (NDC), has expressed concerns about the government’s alleged plan to rename the Ameri Power Plant as the Kumasi 1 Thermal Power Plant. The Volta River Authority in a recent Facebook post announced the commissioning of the Kumasi 1 Thermal Power Plant (K1TPP) […] The post Rebranding
The founder and leader of the Movement for Change, Alan Kyerematen, has pledged to abolish several taxes imposed on imports that he said are unnecessary and a huge burden to the trading community. Mr. Kyerematen made the pledge in an engagement with members of the Ghana Union of Traders Association (GUTA). He said the abolishment […] The post Ghana will have
The Minister for Works and Housing, Kojo Oppong Nkrumah has tasked contractors working on the Greater Accra Resilient and Integrated Development (GARID) project to expedite construction works to mitigate the risk of flooding in the Capital during the rainy season. The Minister’s directive came in a meeting on Friday, April 12, 2024, with project coordinators […] The post Work
The Government is seeking to plug the revenue gap created as a result of the abandoned VAT on electricity with a tax on the foreign incomes of resident Ghanaians. At the beginning of the year, the government introduced a value-added tax on electricity, however, it was forced to abandon the initiative following a public backlash. […] The post Govt
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS