By Emmanuel AKOMEA The Minister of Finance Dr. Mohammed Amin Adam has announced plans to streamline port charges following a visit to the Tema port and discussions with Customs officials and agents. The decision seeks to tackle the multitude of charges at the country’s sea ports, curb duty evasion and address challenges in handling transit […] The post Port
The Minority in Parliament has labelled the just-ended 13th African Games held in Accra as a “monumental disaster and total embarrassment”, despite the nation recording its largest-ever medal haul of 68 medals. Kobena Mensah Woyome, the Ranking Member on the Youth and Sports Committee of Parliament, while addressing journalists on Tuesday, March 26, 2024, heavily […] The post African
The Finance Minister, Dr Mohammed Amin Adam, has announced that Ghana is making significant progress towards achieving the targets outlined in the 3-year, US$3bn IMF Supported Post Covid-19 Programme for Economic Growth (PC-PEG). During his first monthly press briefing on the economy in 2024, held on Tuesday, Dr Amin Adam disclosed, “The Ministry of Finance […] The post $3bn
The Ministry of Finance has emphasized the progress of the cedi since 2023, asserting that the currency has exhibited stability against major currencies. Finance Minister Dr. Mohammed Amin Adam highlighted this achievement during the Ministry’s Monthly briefing in Accra on Tuesday, March 26, 2024. Dr. Adam pointed out that from February to December 2023, the […] The post Cedi
A stalwart of the opposition National Democratic Congress (NDC), Kwesi Ahwoi has apologised to the party’s flagbearer, John Dramani Mahama, and his running mate, Prof Naana Jane Opoku-Agyemang, regarding his remarks in a viral video. During an event in Accra for Prof. Opoku-Agyemang, Mr. Ahwoi suggested that she should be ready for any scenario that […] The post Kwesi
Construction works at the Institute of Local Government Studies (ILGS), which is part of efforts to upgrade the Institute into a full-fledged university, is about 60 percent complete. The project includes the construction of four hostels with a 100-bed capacity each, a 1,200 capacity auditorium, a 600 capacity lecture hall, an astro turf, among others. […] The post Parliamentary
Dr. Kwaku Ofosu-Asare, the Executive Chairman of the Local Organising Committee for the 13th African Games, has called on all Ghanaians to prioritize the proper maintenance of the facilities utilized for the event. He emphasized that the upkeep of these facilities is crucial as it would contribute to the enhancement of various sporting disciplines across […] The post Accra
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
In Akyem, the Learnership Trainee Programme has been instrumental in providing young people with the skills needed for building careers in mining. Launched in November 2015, the initiative is part of Newmont’s effort to contribute to the local community by training youth in operational and employable skills. As the programme entered its eighth (8th) year […] The post
President Nana Addo Dankwa Akufo-Addo has revealed plans to distribute Smart Tablets to 1.3 million Senior High School (SHS) students nationwide. This announcement was made during the launch of the Ghana Smart Schools Project in Accra on Monday. The Ghana Smart Schools Project is designed to equip students under the free SHS policy with essential […] The post 1.3m
Energy Minister Dr. Matthew Opoku Prempeh has challenged individuals advocating for the issuance of a load-shedding timetable by the Electricity Company of Ghana (ECG) to publish their own proposed schedules. His remarks come amidst the prevailing power challenges in the country, notably in the Greater Accra Region, impacting both individuals and businesses. Despite mounting pressure […] The post Publish
The latest assessment of Ghana’s external sector developments shows that the country earned $2.8 billion from its major exports in the first two months of 2024. On a year-on-year basis, however, the value of exports did not see any significant growth from the same $2.8 billion posted as of February the previous year. The figure […] The post Ghana’s
Member of Parliament for Akwapim South, Osei Bonsu Amoah has condemned remarks by the Speaker of Parliament Alban Bagbin against President Nana Addo Dankwa Akufo-Addo. The Speaker suspended the approval of ministerial nominees on Wednesday following a presidential letter urging Parliament not to transmit the anti-gay bill for assent due to two Supreme Court interlocutory […] The post Anti-gay
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, concluded her visit to Ghana on Monday, 18th March, 2024, following two days of productive engagements. Dr. Ernest Addison, Governor of the Bank of Ghana, bid farewell to the IMF MD, alongside the First and Second Deputy Governors of the bank and the IMF […] The post IMF MD departs
By Wisdom JONNY-NUEKPE The tourism sector generated approximately US$3billion during the 2023 operational year from inbound tourist arrivals, against a projected US$3.4billion, according to the Ghana Tourism Authority (GTA). At the launch of the 2022 Tourism Report last year, the Ministry of Tourism, Arts and Culture (MoTAC) and the GTA set a target of attracting […] The post Tourism
By Kizito CUDJOE, Abidjan – Côte d’Ivoire A policy analyst and advocacy officer in sovereign debt management, Shem Joshua Otieno, has raised concerns about Africa’s financial challenges amid a persistently austere global economic landscape. He lamented that as of 2024, the continent finds itself entangled in a web of debt, with a staggering total of […] The post Africa’s
The value of the economy in 2023 stood at GHS841.6bn relative to GH¢ 614.3bn representing a GH¢227bn increase from the previous year. This was driven by the dominance of the services sector which contributed GH¢357.34 billion or 45.6% of Gross Domestic Product (GDP), followed by industry with GH¢247.941 billion (31.7% of GDP), and agriculture at […] The post Value
The National Road Safety Authority (NRSA) has disclosed that road crashes for the first two months of January and February 2024 saw a slight increase. The Director-General of the NRSA, Ing. David Osafo Adonteng, at the launch of the 2024 Road Safety Easter Campaign, disclosed that 2,260 road crashes were reported involving 3,910 vehicles, with […] The post 369
In the wake of recent internet disruptions, the Ghana Revenue Authority (GRA) has been compelled to address concerns regarding the erroneous imposition of E-Levy on certain electronic transactions. According to the GRA, the interruption in internet connectivity impacted the real-time routing of electronic transactions to the Electronic Transfer Levy Management and Assurance System (ELMAS), prompting […] The post Internet
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