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
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has asked the state security agencies to assist the bank in dealing with reports of cross-border illegal transfers. He says that although the Bank hears rumors of these illegal transfers, it is not taking the matter lightly. Dr Addison said these while answering a question […] The post Bank of Ghana prepared
Hearts of Oak have reinstated Vincent Sowah Odotei and Dr. Nyaho Nyaho Tamakloe as board members. This follows the earlier dissolution of the board as part of a new direction under the direction of Executive Board Chairman Togbe Afede XIV. The decision to dissolve the board, including the departure of prominent figures like Frank Nelson […] The post Odotei, Nyaho-Tamakloe reappointed
By Juliet Aguiar DUGBARTEY Dr. Steven Blessing Ackah, Executive Director of Ghana Gold Expo, has called for the establishment of exploration fund in Africa, particularly Ghana, to serve as a financial catalyst, enabling local individuals and entities to actively participate in exploration activities. He said the Exploration Fund should be accompanied by a strong commitment […] The post
Ghanaian entertainment pundit, Emmanuel Barnes, also referred to as Mr. Logic, has stated that he spends GH¢8,000 a day on average. The post I spend at least GH¢8k everyday – Mr. Logic first appeared on 3News.
Finance Minister Dr Mohammed Amin Adam has said that the government recognizes that significant steps must be taken to improve the business environment in Ghana. He noted that Ghana is still one of the best destinations on the continent for the private sector to thrive. Dr Amin Adam said this while inaugurating the Ghana Mutaul […] The post Ghana is still one
The Public Utilities Regulatory Commission (PURC) has announced that the Electricity Company of Ghana (ECG) is on course in respect of compliance with the 5 requirements under the Cash Waterfall Mechanism procedure. This is contained in a statement dated March 26, 2024, issued by the Commission and signed by its Executive Secretary, Dr Ishmael Ackah. […] The post PURC
Customer service practice and management in Ghana’s insurance space has become a major determinant of insurance coverage and penetration for economic development. It is the reason the Insurance Brokers Association of Ghana (IBAG) made it topical and the theme for its 9th Annual Educational Conference held in Bolga from March 19-23, 2024. The Conference which […] The post
Unilever Ghana PLC has appointed Mr. Chris Wulff-Caesar as its new Managing Director with effect from the 1st of April 2024. Mr. Wulff-Caesar is an accomplished International Business Executive with 24 years of FMCG experience gained across various countries, and is returning to Unilever Ghana PLC, where he began his career as a management trainee […] The post Chris
Chirano Gold Mines Limited (CGML), an Asante Gold Company, has awarded 53 students from its catchment communities’ scholarships to study at the tertiary level. The awards, given under the community scholarship programme of the Chirano Sefwiman Foundation, and the CGML General Manager’s scholarships targets needy but brilliant students from the 20 local communities of the […] The post
Coalition of Stakeholders in Electricity Contracts and Arrangements (COSECA), has accused President Akufo-Addo of contributing to the challenges and dysfunction of the power sector. In a statement dated March 26 and signed by its executive secretary, Nana Yaa Akyempim Jantuah, the coalition criticised the president for not adhering to the “laid-down structures” governing the sector. […] The post ‘Akufo-Addo
The Bank of Ghana (BoG) has received a US$300 million facility from the World Bank as budgetary support. According to a report by Citi News, the BoG’s account was officially credited on Wednesday, March 27, 2024. The release today is the first of three $300 million World Bank operations for disaster response and resilience in […] The post $300m World Bank budgetary support hits
In the aftermath of the global pandemic, nations worldwide have faced the harsh realities of economic collapse. However, Ghana shines as a beacon of resilience and stability amidst the chaos, says the Majority Leader in Parliament, Alexander Afenyo-Markin. He made these remarks during the International Knowledge Transfer Networking (IKTN) conference hosted by the University of […]
President Nana Addo Dankwa Akufo-Addo has asserted that his administration’s dedication to the educational sector surpasses that of any government in the 4th Republic. He highlighted significant investments in infrastructure, educator support, and various other initiatives, positioning his government as exemplary in its commitment to education. Speaking at the launch of the Smart Schools Project […] The post My
A member of the Mines and Energy Committee of Parliament and MP for the Bongo constituency, Edward Abambire Bawa, has expressed disappointment over the comments made by Energy Minister Matthew Opoku Premspeh. The Energy Minister, whilst responding to reporters on the current state of power supply in the country and the calls for a load-shedding […] The post Load-shedding timetable:
By Joshua Worlasi AMLANU ([email protected]) The Monetary Policy Committee (MPC) of the Bank of Ghana has announced its decision to maintain the monetary policy rate at 29 percent, citing persisting upside risks to inflation. Dr. Ernest Addison, Governor of the central bank, disclosed the rationale behind the decision during the 117th MPC meeting’s press briefing […] The post
Dr. Ernest Addison In a recent announcement, the Bank of Ghana (BoG) has decided to maintain its Monetary Policy Rate (MPR) at 29%. This move comes in response to a Read More... The post BoG Maintains Monetary Policy Rate At 29% appeared first on DailyGuide
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
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […] The post Cedi continues
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has stated that Fiscal policy implementation so far has been broadly consistent with targets under the International Monetary Fund External Credit Facility (IMF ECF) supported programme. Although the primary fiscal balance (Total Revenue less Total Non-Interest Expenditure) target for 2023 was attained, he said, the […] The post Fiscal
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