Pan African bank, Absa, is projecting a further fall in the value of the cedi to an end-year rate of about ¢12 to a US dollar. In its Sub-Saharan Africa Daily report, it said the dollar would be under persistent demand which would weaken the cedi. “We expect the currency to weaken further and maintain … The post Absa Bank projects ¢12 to a dollar end-year rate appeared
Fintech Africa Report from industry analyst and research firm, McKinsey has named Ghana as one of the fastest growing fintech markets on the continent with an annual growth rate of 15 per cent. According to the report, currently, the lion’s share value in the market, of approximately 40 per cent was concentrated in South Africa, … The post Ghana among fastest
Insurance industries in developing countries must deploy technology to enhance coverage and improve their services, Dr Mohamed Ibn Chambas, Former Special Representative of the Secretary-General and Head of the United Nations Office for West Africa and Sahel, has said. He stressed that insurance companies should examine “how cutting-edge technological innovations such as big data and … The post Deploy
A Consultant for Danank Engineering Company Limited, Dr Daniel Anobaah Ankrah has called on technical universities to collaborate with operators in the industrial sector to find pragmatic solutions to problems facing the nation’s development. According to him, such partnership should involve the training of students to acquire technical skills and be translated into realistic and … The post Technical
Personal Assistant of the National Chief Imam, Dr Abubakar Mohammed Marzuq Azindoo, has indicated that child marriage and Female Genital Mutilation (FGM) are un-Islamic and must be condemned at all levels. He said that though FGM and child marriage is common among people in Muslim communities, the practices had nothing to do with Islam. Dr … The post Islamic cleric condemns
This year’s Professor John Evans Atta Mills Commemorative Memorial Lectures and the 10th Anniversary of his passing have been scheduled for Thursday, September 29, 2022, at the Cedi Auditorium of the University of Health and Allied Sciences (UHAS) at Ho in the Volta Region. It is being organised by Local Organising Committee of JEA Mills … The post Prof Mills Memorial
The country’s Energy Transition Plan (ETP) has been completed and will soon be submitted to the Cabinet for perusal and approval. The ETP outlines measures and strategies to help the country gradually move from fossil fuels to cleaner sources of energy such as solar, wind and gas as part of efforts to combat climate change … The post Energy Transition Plan to be submitted
All eleven municipal and district assemblies in the Upper West Region have been selected to benefit from a USD150 million World Bank pro-poor project dubbed the Gulf of Guinea Northern Ghana Social Cohesion (SOCO) Project. The five-year project which would be implemented by the Ministry of Local Government, Decentralisation and Rural Development (MLGDRD) aimed at … The post 11
Professor Naana Jane Opoku-Agyemang, the National Democratic Congress (NDC) running mate of John Dramani Mahama in the 2020 general election has urged university students in the country to be cautious of what they do with their lives and time on campus as it may have far reaching consequences for their future. She said as students … The post Prof. Opoku-Agyemang
Treatment for some cancer patients at the Korle Bu Teaching Hospital (KBTH) has been halted for over a week, following the breakdown of one of the radiotherapy machines of the hospital. The KBTH has only two radiotherapy machines serving thousands of cancer patients referred from various hospitals across the country, but at the moment only … The post Cancer patients
The Ashanti Regional Trade Show to promote Green Employment and Enterprise Opportunity in Ghana (GrEEn) has taken off in Kumasi with 59 Small Scale Medium Enterprises(SMEs) participating to showcase their best products to the public. The week-long Regional Show formed part of the GrEEn project being implemented by the SNV Ghana and United Nations Capital … The post Ashanti
Ghana earned $731.94 million in petroleum receipts in the first half of this year, representing 108.9 per cent increase over the 2021 half year receipt of $350. 31 million. The figure is also $51.39 million shy of the $783.33 million bagged in the entire 2021, and brings to $8.09 billion the revenue the country had … The post Oil Revenue: Ghana bags $731.94m in half year 2022
Four new envoys accredited by their respective countries to serve in Ghana presented their letters of credence to President Nana Addo Dankwa Akufo-Addo at the Jubilee House in Accra yesterday They are the Australian High Commissioner to Ghana, Mrs Bernice Owen-Jones, the Ambassador of the Islamic Republic of Iran, Bijan Gerami Nazoksara, the Ambassador of … The post President
The Minister of Trade and Industry, Alan Kyerematen, is advocating partnerships between Ghanaians in the diaspora and local businesses to explore opportunities to expand and take advantage of emerging market. He explained that such partnerships would support the government’s efforts in revamping the economy and creating sustainable jobs for the youth. The government, he said, … The post ‘Diasporan
The International Monetary Fund (IMF) has doused speculations that Ghana is poised to start talks on restructuring of its debt as part of plans to secure a $3 billion loan from the Fund. According to the Bretton Woods Institution, the restructuring of Ghana’s debt will be dependent on the outcome of its Debt Sustainability Analysis … The post Speculation on Ghana’s
At least 12 excavators were on Monday seized by the personnel of the Operation Halt II in the Atwima Mponua and Amansie South districts of the Ashanti Region in a special operation on Monday.At the Amansie South District, the military team handed over the seized excavators to the police at Datano as the control boards … The post 12 excavators used for illegal mining seized
A New Patriotic Party (NPP) presidential hopeful, Francis Addai-Nimoh, has observed that the party needs peace, unity and a vibrant person to lead the party into the next elections to break the eight years of political party rule. “I am advocating for a new face from the government so that the electorate will have hope, … The post NPP needs vibrant flag bearer to
The Shama District is ready for a municipal status with all relevant consultations done and documentation forwarded to the Ministry of Local Government, Decentralisation and Rural Development for action. The district now has a population of more than 95,000 with major industries operating, making it eligible for a municipal status with an upgrading to derive … The post Shama district
Dr Richmond Atuahene, Banking and Corporate Governance Consultant, has urged Parliament to place a cap on borrowing in the Constitution to prevent the borrowing spree that has led the country into the economic quagmire it finds itself in. “The failure to quickly establish a debt limit will result in the current situation repeating itself over … The post Parliament
Metropolitan Municipal and District Assemblies (MMDAs) have been asked to ensure efficiency in provision of services to spur growth and development of communities. That can be achieved if personnel are well-versed in laws, policies, programmes, standards, regulations, and rules that support, assist and bolster Public Fiscal Management (PFM) system. Dr Alexander Otopah, a chartered accountant, … The post MMDAs
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