Ghana does not need the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) for economic growth, an economist Dr John Kwakye has said. In the view of the Director of Research at the Institute of Economic Affairs (IEA), Ghana can develop by relying on its natural resource wealth. “We don’t need any SDRs […] The post Economist
When a person provides his or her legitimately or illegitimately acquired funds or assets for terrorist activities or organizations the person will be financing terrorism, the Bank of Ghana (BoG) has said. The central bank said financing of terrorism is a crime and is punishable by law therefore people should be careful they do not […] The post Becareful you do not
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
Credit to the private sector by banks will continue to squeeze due to the Bank of Ghana’s high Credit Reserve Ratios (CRR). This is one of the key findings and conclusion of a research paper by banking consultant, Dr. Richmond Atuahene and data and research analyst, Isaac Kofi Agyei. The report titled ‘Thirsty Banks: Ghana’s […] The post BoG’s
Former Kotoko coach Charles Kwablah (CK) Akonnor, has urged fans of the club to remain hopeful in current coach Prosper Narteh Ogum amidst growing concerns over poor results. The Porcupine Warriors are currently facing a challenging period, having slipped to eighth place in the Ghana Premier League standings after losing four matches and drawing one […] The post Ogum will eventually make
In a time of turmoil for Asante Kotoko, former coach CK Akonnor has called upon the club’s loyal supporters to exercise patience with current manager Prosper Narteh Ogum, drawing comparisons to the journey of Mikel Arteta at Arsenal. The Porcupine Warriors find themselves grappling with a difficult phase, currently lying in eighth place in the […] The post Kotoko
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […] The post Many
By Rashidatu IBRAHIM An economist and advisor on South-South Cooperation and Development Finance at the South Centre, a Geneva-based intergovernmental organisation, Yuefen Li, has urged African countries to enforce regulations that require multinational corporations to contribute a greater share of taxes for their operations within these nations. She noted that implementing such measures would serve […] The post
The Ghana Mineworkers’ Union of the Trades Union Congress, has announced plans to stage a five-day protest at the Ministry of Lands and Natural Resources and the Jubilee House beginning on Monday, April 15, 2024. Their stance is to pressure the government into revoking the mining lease of Future Global Resources Limited, operators of the […] The post Mine
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has revealed that the central bank intends to hand over the Gold for Oil programme to a commercial bank to operate. This, he said, would allow for the BoG to focus on its core mandate. Asked by Buem lawmaker Kofi Adams whether this programme is […] The post Bank of Ghana seeking to hand over Gold for
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has assured the Public Accounts Committee (PAC) of Parliament that by next year the central bank will see a huge jump in its holdings of gold due to the Gold For Reserves programme. He said that the full benefits of the programme have not […] The post Governor Addison assures PAC of ‘a big jump’ in BoG’s holdings
It might sound cliche but not at Tullow Ghana. The phrase, ‘local content’ has come to mean the very heart of how it conducts its business. As main operator of Ghana’s two main oil fields – Jubilee and TEN – Tullow has a responsibility to harness the oil and gas resources available to the country […] The post Giving priority to local suppliers;
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […] The post Ghana’s
Dreams FC are two steps away from earning a whopping $2 million in the CAF Confederation Cup. The Still Believe boys beat Stade Malien 3-2 on aggregate on Sunday at the Baba Yara Sports Stadium in Kumasi to book their first-ever semi-final appearance in the competition. For this achievement, the Ghanaian side is guaranteed an […] The post Dreams FC in line for $2 million jackpot
Award-winning Ghanaian gospel singer Joseph Matthew has claimed to be the originator of Afro-Gospel music. Afro-Gospel is a vibrant blend of African rhythms and instrumentation with Christian themes. Speaking in an exclusive interview with GhanaWeekend, Joseph Matthew said,” I’m the originator of Afro-gospel music…Afro-Gospel genre never existed… When I released my first song ”Nyame Ye” […] The post I’m
Dreams FC are into the semifinals of the CAF Confederation Cup and have a clash against Egyptian giants Zamalek. In this match, they will surely be the underdogs, but they are one of those underdogs who make this game more beautiful. If we talk about the journey of Dreams then that is nothing but a […] The post Dreams FC vs Zamalek: Can underdogs continue fairy tale
Today, I focus on a very sensitive subject relating to the interplay of church and national development. The issue of the church contributing directly to national development through taxation has been superficially discussed at various quarters. However, due to the sensitive nature of religious matters in the country, and sometimes, the fanatism that comes with […] The post Should Churches Pay Taxes: Yay or
The Food and Drugs Authority (FDA) has issued a warning to importers, manufacturers and distributors of substandard and unhygienic baby diapers (known as bale diapers) into the country, which will result in their seizure. The FDA said the safe disposal of the susbstandard product would be at a cost to the importer. The Authority, in […] The post FDA warns against importation of unhygienic baby
A UK-based Nigerian travel content creator and solo driver has finally reached Lagos after a 68-day journey driving from London to Nigeria. Pelumi Nubi, who announced her ambitious road trip in January, was welcomed by Nigerian officials upon her arrival at the Nigeria border with Benin on Sunday. The 28-year-old solo traveller’s arrival was broadcast […] The post Nigerian
The Bank of Ghana (BoG) has revealed that it has reduced the scale of certain facilities in its controversial new head office, currently under construction. The BoG faced significant criticism over the construction of the new headquarters, with the Minority in Parliament demanding the removal or resignation of Governor Dr. Ernest Addison. Speaking before the […] The post Facilities
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