The World Bank has identified deep-rooted inequalities as a major obstacle to Africa’s economic progress, according to its chief economist for the region. Andrew Dabalen in an interview on Citi TV’s The Point of View, pointed to a lack of essential infrastructure and limited intra-African trade as key factors limiting growth. “The speed at which […] The post Structural
Andrew Dabalen, the Chief Economist for the Africa Region at the World Bank, has expressed optimism regarding the forecasted 3.8% growth in Sub-Saharan African countries by 2025. The World Bank’s Africa Pulse Report for April 2024 anticipates growth in Africa in the coming years. The report also suggests that domestic resource mobilization and international support […] The post Africa’s
The Clerk to Parliament, Cyril Ansah has replied to the letter from the Secretary to the President, Nana Bediatuo Asante, asking the latter to let him know when to submit the Human Sexual Rights and Family Values Bill, 2024 for presidential assent. In the reply dated April 10, Mr Ansah wrote that he has taken […] The post ‘I
Minister of Interior, Henry Quartey, has taken a firm stance against individuals who spread hate and fear through their online posts in the lead-up to the 2024 general elections. During a working visit to the Inspector General of Police, Dr. George Akuffo Dampare on Monday, April 8, Henry Quartey highlighted the importance of maintaining public […] The post 2024
but faster and more equitable growth needed to reduce poverty Increased private consumption and declining inflation are supporting an economic rebound in sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters and escalating conflict and violence, according to the World Bank’s latest Africa’s Pulse […] The post
President Nana Addo Dankwa Akufo-Addo, has signed into law an Act of Parliament which seeks to revise and consolidate all laws relating to wildlife and protected areas. The Wildlife Resources Management Act, 2024 (Act 1115), sponsored by the Ministry of Lands and Natural Resources, was passed by Parliament on 28th July, 2023, and assented to […] The post President assents to Wildlife Management
Absa Bank Ghana has announced the winners of its Assist Card Campaign at a ceremony held at the Kempinski Gold Coast Hotel, Accra. The hallmark campaign is designed to encourage and reward the use of Absa’s contactless debit and credit cards. Launched in December 2023, the campaign underscores Absa’s strategic partnership with the English Premier […] The post Absa rewards Assist
By Ama Kudom-Agyemang Obviously, the realisation of about three-quarters of the world’s population having access to safe water sources, is a major attainment by the international community. However, this achievement cannot be overly celebrated. This is because, as the world celebrated this year’s World Water Day (WWD) on Friday, 22nd March, a whooping 2.2 billion […] The post Reflections
Ghana Christian High International School (GCHIS) demonstrated brilliance in the just-ended Dunkfest at the Association International School (AIS), Airport in Accra. The school emerged tops in both the boys and girls categories in an event which saw boxing greats professor Azumah Nelson, Joseph King Kong Agbeko, former IBF Bantamweight champion, Lebanese Ambassador to Ghana and […] The post Ghana
The Inter-Party Advisory Committee (IPAC) of the Electoral Commission (EC) is meeting to discuss among other things, issues relating to the EC’s biometric equipment. EC in a statement dated Monday, April, 2 announced that it will hold an emergency IPAC meeting on Tuesday, April 9, following calls from the National Democratic Congress (NDC) to address […] The post 2024
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, is wondering how the commercial banks are going to break even and increase lending to the private sector vis-a-vis the Bank of Ghana’s higher cash reserve requirement for commercial banks. To him, the higher cash reserve requirement for commercial banks. counterproductive […] The post How
In the lead-up to Ghana’s highly anticipated 2024 Presidential Election, a recent survey conducted by Global Info Analytics has sparked controversy, with findings suggesting a significant lead for the National Democratic Congress (NDC) flagbearer, John Dramani Mahama. However, the campaign team of the NPP’s flagbearer, Dr. Bawumia, has swiftly downplayed the survey results, raising questions […] The post Election
When a person provides his or her legitimately or illegitimately acquired funds or assets for terrorist activities or organizations the person will be financing terrorism, the Bank of Ghana (BoG) has said. The central bank said financing of terrorism is a crime and is punishable by law therefore people should be careful they do not […] The post Becareful you do not
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
Asante Kotoko’s struggle continued as they endured a goalless stalemate against Bechem United on Saturday, extending their winless run to five games. Despite showing signs of improvement compared to their previous four defeats, the Porcupine Warriors couldn’t secure the much-needed victory. Despite their efforts, Asante Kotoko had to settle for a point. However, their standing […] The post Bechem
Credit to the private sector by banks will continue to squeeze due to the Bank of Ghana’s high Credit Reserve Ratios (CRR). This is one of the key findings and conclusion of a research paper by banking consultant, Dr. Richmond Atuahene and data and research analyst, Isaac Kofi Agyei. The report titled ‘Thirsty Banks: Ghana’s […] The post BoG’s
Traders from Bantama Race Course and Suame markets and those from Kejetia Central and Abinkyi Markets in Kumasi have contributed a total of GHc220,000 to the Heal KATH project. While the women from Kejetia Central and Abinkyi Markets, led by Nana Yaa Foriwaa contributed GHc100,000, the Bantama Race Course and Suame market traders headed by […] The post Kumasi market women donate 220k to Heal
Ghanaian musician, Shasha Marley, has opened up about his disinterest in associating with political parties particularly by composing campaign songs. The post ‘I rejected $50k offer to do a song for a political party’ – Shasha Marley first appeared on 3News.
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […] The post Many
The team with the award Fidelity Bank Ghana has been recognised for its steadfast commitment to gender equality. The bank secured a coveted spot among the top 50 employers Read More... The post Fidelity Bank Gets Gender Equality Recognition appeared first
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