Togbe Afede XIV, the Agbogbomefia of the Asogli State, has strongly criticised the recent decision by the Bank of Ghana (BOG) to reduce the policy rate from 30% to 29%, describing it as nothing more than a “big joke.” The BOG’s Monetary Policy Committee (MPC) announced this cut on January 29, 2024, with Togbe Afede […] The post BoG’s 1% policy rate cut
Nana Amoasi IV, the Executive Director of the Institute for Energy Security (IES), has warned that the ongoing power cuts in parts of Ghana may persist unless immediate and deliberate actions are taken to address underlying challenges related to installed capacity and fuel supply. He emphasized that these issues significantly impact the country’s power sector. […] The post Recent
Dr. Ernest Addison, Governor of the Bank of Ghana has emphasized the pivotal role of digital technologies in shaping Africa’s future. Speaking passionately about the urgency of embracing digitization in trade and finance, Dr. Addison at the launch of the 3i Africa Summit highlighted Africa’s strengths, including a tech-savvy youth population, extensive mobile penetration, expanding […] The post
By Abdallah ABDUL-MUMUNI (Dr) Ghana’s economic landscape has changed dramatically since the early 2010s, when oil reserves were discovered off its coast. However, the journey towards harnessing this newfound economic resource has been confronted with challenges, key among them being the volatile nature of international crude oil prices. In this article, we delve into the […] The post
– initiate and drive an internal framework supportive of customer thinking I know a utility that is constantly reneging on its services to clients in my locality, making life extremely difficult as the service disruption can last weeks. I have stopped calling the big man. Even though he was kind enough to share his contact […] The post Stepping
Huawei held the Green Development Summit, themed “Thrive with Green ICT”, during MWC Barcelona 2024. At the summit, guests from the International Telecommunication Union (ITU), MTN Group, International Union for Conservation of Nature (IUCN), UN Educational, Scientific and Cultural Organization (UNESCO), Kenya’s ICT Authority, and Indonesia’s Bandung Institute of Technology discussed how digital technology can […] The post
By Prof. Samuel Lartey In the annals of human progress, each epoch witnesses the emergence of tools and technologies that redefine societal structures, from transportation and agriculture to administration and education. Today, Artificial Intelligence (AI) stands at the forefront of this evolutionary march, particularly in the domains of education, research, and development. While some view […] The post
By Stephen S. Roach FBI Director Christopher Wray recently upped the ante in America’s anti-China campaign. In congressional testimony on January 31, he sounded the alarm over intensified Chinese hacking activity and warned that US infrastructure – telecommunications, energy, transportation, and water – is acutely vulnerable to the Chinese state-sponsored hacker group Volt Typhoon. Front-page […] The post
Barbara Okai-Tettey, Senior Compliance Manager at Stanbic Bank Ghana has emphasized the need for collaboration between the financial service industry and regulators to enhance the evolving use of AI in transaction monitoring. She made this statement at ‘The Fintech & Banking Event’ hosted by fintech software company, ThetaRay, at the Kempinski Hotel Gold Coast City, […] The post
By Mohammed AWAL, Barcelona, Spain MTN Group and Huawei have signed a Memorandum of Understanding (MoU) to establish a Joint Innovation Technology Lab, to strengthen collaboration in technological innovation. The signing ceremony took place at MWC Barcelona, Spain, and was attended by senior delegations from both MTN and Huawei. The partnership will see the creation […] The post
By Effie AMISSAH The banking industry underpins the financial services industry in the country. Regulated by the Bank of Ghana, the industry provides an avenue where cash, credit and other financial transactions for both individuals and businesses are accessed. According to the 2023 Price Water House Coopers Banking Survey Report, the banking industry contributed GHC16.21 […] The post The
Huawei has successfully hosted the Huawei Industrial Digital and Intelligent Transformation Summit under the theme of “Leading Digital and Intelligent Infrastructure, Accelerating Industrial Intelligence” during the MWC Barcelona 2024. Huawei invited global customers, partners, and industry leaders to explore and share their innovations and practices in digital and intelligent transformation for industries and small- and […] The post
The government paid a total of GH¢300,385,317.52 as judgement debt between 2017 and 2022. The Ministry of Finance made this known in an updated information on judgement debt payment dated August 2023. The Ministry revealed that the payments were made to over 60 individuals and organisations. For instance, in 2017, Albert Osei was paid GH¢279,412.83; […] The post Over
President Nana Addo Dankwa Akufo-Addo is scheduled to deliver the State of the Nation Address to Parliament today, February 27, 2024. The address is in accordance with Article 67 of the 1992 Constitution, which states that the President shall deliver a message on the State of the Nation to Parliament at the start of each […] The post Akufo-Addo to present State of the
The Media Foundation for West Africa has attributed the closure of four radio stations in Bawku by the National Communications Authority (NCA) to what it says is the inactivity of the National Media Commission (NMC). The NCA, following a recommendation by the Upper East Regional Security Council and the National Security Ministry, shut down the […] The post NMC’s
The Director of Advocacy and Policy Engagement at the Ghana Center for Democratic Development (CDD-Ghana), Kojo Pumpuni Asante, is advocating for the elimination of the delegate system in the selection of parliamentary and presidential candidates as a measure to combat corruption in Ghana’s electoral process. This call comes in response to recent revelations by Zebilla’s […] The post Delegate
President Akufo-Addo has proposed a return to scouting and grooming football talents at the district level to develop and improve Ghana’s football scene. The president, in his State of the Nation Address on Tuesday, February 27, bemoaned Ghana’s poor performance at the just-ended 2023 AFCON tournament in Cote d’Ivoire which he said has left the […] The post #2024SONA:
President Nana Addo Dankwa Akufo-Addo has expressed the commitment of his government to support the production of standard content and films for the global market. The president, in his State of the Nation Address in Parliament on Tuesday, February 27, said that as part of measures to support the movie industry, a 20 percent tax […] The post We’re
President Nana Addo Dankwa Akufo-Addo has indicated that the government’s gold-for-oil policy has significantly reduced pressure on forex. He said the policy has achieved the needed results and has led to a reduction in the prices of fuel at the pump. In his penultimate State of the Nation Address on Tuesday, February 27, the president […] The post Gold-for-oil
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