The Bank of Ghana (BoG) has increased the monetary policy rate by 250 basis points from 24.5 per cent to 27.0 per cent on the back of rising inflation on the domestic and global fronts. “The inflation forecast shows that in the outlook, inflation will likely peak in the first quarter of 2023 and settle … The post BoG hikes policy rate to 27 per cent …to contain
The Finance Minister, Ken Ofori-Atta, has said the demand for foreign exchange to support the unbridled demand for imports undermined and weakened the value of the cedi. According to him, that contributed to the depreciation of the cedi, which had lost about 53.8 percent of its value since the beginning of the year. Mr Ofori-Atta, … The post Unbridled
An International Monetary Fund (IMF) mission arrived in the country yesterday to have further negotiation with the government. According to a source, the IMF mission would be meeting the Bank of Ghana, Ministry of Finance and other relevant institutions. The negotiation is expected to end in the middle of December baring any unforeseen circumstances. Ghana … The post IMF
The Head of Business Advisory Services for Ghana Export and Import Bank (EXIM Bank), Mr Frank Obeng, has identified that the reluctant behaviour put up by most Small and Medium-sized Enterprises (SMEs) in the payment of their loans increases the cost of borrowing. He noted that banks charge interest based on certain factors including risk … The post ‘SMEs reluctance
Alhaji Shani Alhassan Saibu, Northern Regional Minister has shared President Nana Addo Dankwa Akufo-Addo led government development agenda with the Northern Ghanaian Community in America, and urged them to partner with local and international companies to invest in the Ghanaian economy. Pishigu-Lana Dr Alhassan Andani, Chairman of the Dagbon Development Fund (DDF) also made a … The post Minister,
The Blue Cross Ghana, a Christian NGO on Friday organised a Self Help Community Durbar to sensitise students, youth and adults against the intake of alcohol and the abuse of other substances like Marijuana at the Weija-Gbawe Municipal Assembly in Accra. Dubbed:” Self Help Discovery Day: Giving Hope to alcoholics and drug addicts,” the programme … The post Youth, adults sensitise
Togbega Gabusu VII has been outdoored as the Paramount Chief of Gbi Traditional Area on Saturday, at a grand coronation in the Volta Region. He swore the oath of allegiance witnessed by a large crowd including Members of Parliament, political parties, traditional rulers and religious leaders. He was installed as the 8th Paramount Chief of … The post Togbega
CAMFED Ghana, a leading girls’ education support and entrepreneurship empowerment organisation, on Thursday, held its National Annual General Meeting (AGM) in Tamale, the Northern Regional capital on the theme: “The guide program: a vehicle for social change.” It was attended by stakeholders such as CAMFED beneficiaries, Ghana Education Service, Ghana Health Services, traditional rulers, CAMFED partner schools, … The post CAMFED
Ghana Highway Authority (GHA) has inaugurated a 25-member Committee as its choir leaders and members in line with its partnership with the Ghana Broadcasting Corporation (GBC) ahead of this year’s Nine Lessons and Carols celebrations. The Committee named “Smooth Asphaltic Voices “was formed less than two months ago, through its Christian fellowship with the aim … The post GHA inaugurates
The National Association of Secretarial and Internet Café Operators, Ghana (NASICOG) was over the weekend launchedto provide a common front to promote their activities in a professional way, and to seek the general welfare of its members. Launched on the theme “Ghana’s Digitalisation Agenda, the Role of Internet Café Operators and Secretarial Service Providers”, the … The post NASICOG
Government has introduced an opportunity for non-science students from the Senior High Schools (SHS) in the country who want to pursue engineering at the tertiary level. Dubbed, “Pre-Engineerng Programme”, it is a year detailed programmed designed to prepare and train secondary school graduates with non-science background for enrolment into Bachelor of Science in engineering programmes … The post Non-science
A teacher at the Association International School in Accra, Seth Abakah, has won the Instill Education Social Media Competition. The competition targeted teachers from the three main countries of Instill’s operations – Ghana, Kenya, and South Africa. Competing with more than 40,000 educators for the Ghana prize, Mr Abakah demonstrated prowess in social media engagements … The post Seth
The Chief Executive Officer of the Accra Metropolitan Assembly (AMA), Mrs Elizabeth Kwatsoe Tawiah Sackey, has called for stronger collaboration between the assemblies and informal waste collectors to address the sanitation challenges in the country. She said the informal waste collectors, which include waste traders involved in sorting, sale and purchase of recyclable materials, should … The post AMA
The Director General (DG) of the West Africa Health Organisation (WAHO) DrJoëlAïssi Melchior, has congratulated the new President of ECOWAS RCCE Network, Dr Da Costa Aboagye, and charges him to use his position to facilitate experience sharing, advocacy, learning and promotion of better health through building stronger risk communication systems in the fifteen ECOWAS member … The post DG
The Biakoye District Assembly (BDA), in the Oti Region, has held its maiden programme dubbed ‘’Accounting to the People durbar’’ where the District Chief Executive (DCE) accounted to the people her one year stewardship, as well as the challenges that confronted the Assembly in carrying out its development mandate. The programme, which was held last … The post Biakoye
Ghana’s biggest non-alcoholic brewed malt beverage, Malta Guinness, over the weekend engaged the people of Gbawe in a plastic cleanup campaign.The campaign was to ensure that communities inculcate the habit of collecting plastics for recycling and remodeling, as well as to constantly keep their environment clean.Held at the forecourt of the Chief’s Palace, the people within the … The post Malta
Korea International Cooperation Agency (KOICA) on Friday handed over a 14-seater water closet toilet facility to the Dawhenya Methodist ‘A’ Basic school in the Ningo-Prampram District of the Greater Accra region. It also donated three waste bins, a number of trash bins, scrubbing brushes and other sanitary wares to the school. Constructed at a cost … The post KOICA
Members of the Trade Union Congress (TUC) have called on the leadership of the organisation to reject portions of government’s 2023 budget statement which they described as “inimical to the welfare of workers.” They cited the freeze on employment in the public and civil services, removal of threshold on Electronic Transaction Levy (E-Levy), tax waivers … The post Reject
The chiefs and people of Asante Mampong Traditional Area in the Ashanti Region have decided not to allow any mining activity on their lands. This is to prevent the destruction of farm lands and water bodies in the area. It follows the issuance of a license to Eriant Company, an entity that deals in woods … The post Omanhene, MP vow to prevent mining in area appeared first
Former Speaker of Parliament, Edward Doe Adjaho, has called on Ghanaian businesses to adopt an aggressive policy of value addition to exported products as a means of radically transforming the Ghanaian economy. In his view, Ghana was still operating the ‘Guggisberg economy’ from the 1920s where raw materials with little value or no value was … The post Adopt
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