Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
By Emmanuel ACQUAH-SAM (Ph.D.) I write this article about a national cathedral for the God of Heaven and Earth with deep solemnity and humility. Since President Nana Akufo-Addo Danquah announced his intention to build it, the cathedral has been the subject of sacrilegious discussions domestically and internationally. For many, the point of contention has been […] The post The
Deputy General Secretary of the National Democratic Congress (NDC) Mustapha Gbande has said that the party has received an apology from a senior member Kwesi Ahwoi for his “anything can happen” comments at a nomination party for Jane Naana Opoku-Agyemang. He says although the comment is unfortunate, the apology should be enough. “I think that […] The post Kwesi
The Locked-up Investment Holders Forum (LIHF) is set to embark on a series of public protests aimed at pressuring the Bank of Ghana (BoG) to address its concerns regarding locked-up investments. The protests are scheduled to commence on Wednesday, March 27, 2024, and will recur every two weeks until the end of November 2024, unless […] The post Investment holders
Abubakar Kamoko, the son of retired Ghanaian boxer Bukom Banku, has etched his name in history at the recently concluded 2023 African Games by securing a silver medal, surpassing his father’s achievements from 25 years ago. Competing in the fiercely contested 86kg cruiserweight category, Kamoko initially secured his place in the semifinals with an outstanding […] The post African
On Thursday, March 14, Ghana and other West African countries experienced a disruption in internet services, one of which has never occurred. The post Internet disruption: Check out faulty Submarine cables which have occurred in Ghana in the last 10 years first appeared on 3News.
A Tanzanian delegation was in the country to understudy the operations of the National Petroleum Authority (NPA) in the petroleum downstream sector. The five-day visit by officials from the Tanzanian Ministry of Energy and the fuel agency was focused on NPA”s effective regulation and administration of the petroleum downstream, which according to them, proved to […] The post Tanzanian
The Bank of Ghana has reiterated its commitment to combating the circulation of counterfeit currency. The Central Bank emphasizes its progress toward achieving a zero-counterfeit regime. Counterfeiting and possession of counterfeit banknotes are punishable by law. During a press conference held during a tour of the currency processing centre as part of Ghana Heritage Month, […] The post BoG
Ghana’s policy rate is one of the highest globally and can not be justified, therefore the Bank of Ghana (BoG) has a duty to slash it drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing […] The post Ghana’s policy rate is one of the highest
The Bank of Ghana (BoG) has a duty to slash its Policy Rate (PR) drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing the rate drastically will trigger a decline in the ‘artificially high’ lending […] The post Cut policy rate drastically – Economist tells Bank
The University of Northampton through its Fresh Produce Impact Hub (FRESHPPACT) has held stakeholder discussions to engage key stakeholders on the research solutions being developed by the university and its partners to help address plastic pollution in Ghana. It is estimated that 840,000 tons of plastic waste is generated in Ghana annually, with limited recycling […] The post University
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
The Director-General of the National Road Safety Authority (NRSA), Ing. David Osafo Adonteng, has reiterated that ‘Okada’ operations remain illegal. This statement follows promises made by the flagbearer of the National Democratic Congress, John Mahama, that he would legalise the operations of commercial motorbikes popularly known as okada when he interacted with residents of Worawora […] The post ‘Okada’
The opposition National Democratic Congress (NDC) is demanding an immediate audit of the electoral materials for the Electoral Commission (EC) by private audit firm KPMG. The calls from the largest opposition party come on the back of the EC’s confirmation that five laptops have been stolen after a routine check of its equipment. Speaking on […] The post NDC calls for audit of EC after 5 missing
The Governor of the Bank of Ghana, Dr. Ernest Addison, has underscored the need for banks to remain committed to their critical role of bridging trade financing in both the primary and secondary markets. According to the governor, this will help strengthen the country’s financial systems. Speaking at the Ghana International Bank cocktail event to […] The post BoG
Dr. Bawumia with executives of the Chamber and other government officials The Ghana National Chamber of Commerce and Industry has embraced a number of policies Vice President and Flagbearer Read More... The post Chamber
The National Film Authority, in collaboration with the Ministry of Tourism, Arts and Culture, hosted the inaugural Film Investment Breakfast Meeting at the Mövenpick Ambassador Hotel in Accra on Wednesday, March 20, 2024. The gathering attracted a prestigious audience, including dignitaries like Hon. Andrew Kofi Egyapa Mercer, Minister Designate for Tourism, Arts and Culture, Deputy […] The post FIB
Stephen Asamoah Boateng presenting certificate to one of the winners The Ghana Culture Forum (GCF) has commended GCB Bank PLC’s support towards the 2024 Ghana Culture Week. Chairpersonof the Read More... The post Ghana Culture Forum Lauds GCB Bank appeared first on
The maiden Edition of the Ghana-EU Tourism & Investment Summit (GHETIS24) has been held in Paris, France. A private-public collaboration, it sought to promote Ghana’s tourism sector as well as other viable sectors for investment and was held at various locations in the French capital from March 6 to March 8. As celebration of Ghana’s […] The post Inaugural
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