The depreciation of the Ghanaian cedi against the US dollar continues its upward trend on the commercial forex market, with the loss in value nearing 10% for the first four months of 2024. Since the beginning of the year, the cedi has experienced marginal depreciation marking a year-to-date depreciation of approximately 9.37%. However, this marks […] The post Cedi-dollar
The Ga Traditional Council (GTC) has announced that this year’s ban on drumming and noise-making within the State is to commence on May 6 and run till June 6, a one-month period. The Council specifies that the ban prohibits noise-making activities, including clapping of hands, use of tambourines and other musical instruments during the period. … The post Prepare to heed forthcoming
In election year, the NDC comes up with wonderful promises to the people. Any time the people have swallowed their bait, they end up gnashing their teeth, like the Read More... The post Quibbling, Whingeing Tricks (2) appeared first on DailyGuide
Asabea Cropper performing on stage Thousands of highlife music fans were last Saturday thrilled with great musical performances at this year’s edition of the annual highlife music concert held Read More... The post MUSIGA Rocks +233 With Highlife Concert appeared first
In a bid to enhance technical vocational education within their community, the Chiefs and people of Dagbamate, in the Akatsi South Municipality of the Volta Region, have constructed a new vocational school, set to be commissioned in 2025. It is the expectation of the people that new school will become the hub for technical skills […] The post Editorial: We Commend The Chiefs And People Of
Investors’ demand for Treasury bills (T-bills) fell by 43 percent, marking the market’s first under-subscription in 17 consecutive weeks. This marks a shift from the strong investor demand that had characterised the market throughout 2024, particularly by banks seeking safety at the shorter end of the market, following the domestic debt exchange programme (DDEP) and […] The post Editorial:
Ghana and Kenya have agreed to strengthen and expand the scope of their 61- year-old bilateral relations in order to unlock more socio-economic benefits for the citizens of both countries. In view of this, the Permanent Joint Commission for Cooperation (PJCC) that governs economic growth and technical cooperation between the two countries, is to be … The post Ghana, Kenya elevate
Once the new Cash Reserve Requirement (CRR) policy becomes effective, it is expected to see approximately GH¢16.2billion – US$1.2 billion flow from banks to the Bank of Ghana (BoG). CRR is a rule set by central banks requiring commercial banks to keep a portion of their deposits – local and foreign currency – as cash […] The post Editorial:
The Foreign Affairs Ministry has adjusted the fees for passport applications, raising them from GH¢100 to ¢500 for the 32-page booklet and to ¢644 for the 48-page booklet under the standard service. For those who want expedited service, they will pay ¢700 for a 32-page booklet and ¢800 for a 48-page booklet. In December last […] The post Editorial: Passport fees, gradual
Dr. John Kwakye, the Director of Research at the Institute of Economic Affairs (IEA), has criticized the Akufo-Addo government for its dependence on funds from the International Monetary Fund (IMF), World Bank, and other donor agencies to strengthen the local currency. He labelled the government’s heavy reliance on foreign aid, including Eurobonds and cocoa syndicated […] The post Ghana’s
John Mahama There is a groundswell of opposition against the governing New Patriotic Party (NPP) from many quarters, especially the NDC and its partners in “crime” in the media, civil Read More... The post Quibbling, Whingeing Tricks (1) appeared first on DailyGuide
Fresh data from the Bank of Ghana (BoG) shows banks still favour investments in government securities over and above extending credit to the private sector, meaning that businesses have access to less purchasing power in real terms. Governor Ernest Addison, in a press briefing for the 117th Monetary Policy Committee (MPC) meetings, revealed that compared […] The post Editorial:
Ghana is a place where certain public projects stall and can remain so forever or until who knows when. If you do not believe this, take an inventory of state projects from the time of Dr Kwame Nkrumah, the first President of the country, and you would drop all your doubts. Some of the projects … The post GETFund must fulfil promise appeared first on Ghanaian T
The 1992 constitution has clothed the three arms of government with authority to be independent of each other, but the exercise of independence must not be at variance with the same constitution. It becomes worrying when these arms of government engage in standoffs in the name of exercising their respective independence and authority. For some […] The post Listing of Dafeamakpor case for hearing
The three striking teacher unions are scheduled to meet with the government today to finalize discussions on their outstanding demands. On Tuesday, the unions achieved success in having the government address three of their concerns, including the full distribution of laptops to all teachers by the end of June and presenting a draft of the […] The post Striking
Professor John Gatsi, economist and Dean of the University of Cape Coast Business School, has maintained that the indicative exchange rate used by the Bank of Ghana (BoG) is not reflective of the cost structure of business in the country. According to the central bank, the cedi depreciated at 6.8 percent against the US dollar […] The post Relative
The Speaker of Parliament, Alban Sumana Kingsford Bagbin, has reaffirmed his unwavering support for the Proper Human Sexual Rights and Ghanaian Family Values Bill unanimously passed by parliament. The Speaker, in a keynote address delivered on his behalf by his aide, Mr Peter Bamfo, at the 2024 Suma Akwantu Kesie Festival in Suma in the … The post Anti-LGBTQI+
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has explained why the local currency, the Cedi depreciated against the major trading ones, the Dollar, Pounds, and Euros, at a time when the local economy was expanding. Recently, the Government Statistician, Professor Samuel Kobina Annim announced that Ghana’s economy grew by 2.9% in 2023, […] The post Addison
At this critical stage of our national development efforts, especially in an election year, when the electorate expect the politicians to engage in positive narratives to change the country’s Read More... The post GRA: Howling On Falsehood (2) appeared first on DailyGuide
The Minister of Finance, Dr. Mohammed Amin Adam, has said the Cedi has been largely stabilised since early 2023 against the major trading currencies. According to him, the cedi cumulatively Read More... The post Cedi Largely Stabilised Since 2023 appeared first on
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS