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
By Rashidatu IBRAHIM An economist and advisor on South-South Cooperation and Development Finance at the South Centre, a Geneva-based intergovernmental organisation, Yuefen Li, has urged African countries to enforce regulations that require multinational corporations to contribute a greater share of taxes for their operations within these nations. She noted that implementing such measures would serve […] The post
The Ghana Mineworkers’ Union of the Trades Union Congress, has announced plans to stage a five-day protest at the Ministry of Lands and Natural Resources and the Jubilee House beginning on Monday, April 15, 2024. Their stance is to pressure the government into revoking the mining lease of Future Global Resources Limited, operators of the […] The post Mine
It might sound cliche but not at Tullow Ghana. The phrase, ‘local content’ has come to mean the very heart of how it conducts its business. As main operator of Ghana’s two main oil fields – Jubilee and TEN – Tullow has a responsibility to harness the oil and gas resources available to the country […] The post Giving priority to local suppliers;
Today, I focus on a very sensitive subject relating to the interplay of church and national development. The issue of the church contributing directly to national development through taxation has been superficially discussed at various quarters. However, due to the sensitive nature of religious matters in the country, and sometimes, the fanatism that comes with […] The post Should Churches Pay Taxes: Yay or
The Food and Drugs Authority (FDA) has issued a warning to importers, manufacturers and distributors of substandard and unhygienic baby diapers (known as bale diapers) into the country, which will result in their seizure. The FDA said the safe disposal of the susbstandard product would be at a cost to the importer. The Authority, in […] The post FDA warns against importation of unhygienic baby
The Bank of Ghana (BoG) has revealed that it has reduced the scale of certain facilities in its controversial new head office, currently under construction. The BoG faced significant criticism over the construction of the new headquarters, with the Minority in Parliament demanding the removal or resignation of Governor Dr. Ernest Addison. Speaking before the […] The post Facilities
The Local Organizing Committee (LOC) for the African Games has decided to compensate volunteers for the just-ended African Games held in Accra with an allowance of GHS1,000.00. This follows protests by the volunteers over unpaid stipends allegedly promised to them by the organizers. Some of the volunteers reportedly have to hold the Minister for Youth […] The post African
Passport isn’t a document to prove citizenship; it’s a privilege for those who want to travel – Appiah-Kubi Member of Parliament for the Asante Akim North constituency and Chairman of Parliament’s Foreign Affairs Committee, Andy Appiah-Kubi, has said that passports are no longer a source document to prove one’s citizenship since the inception of the […] The post 10 things
Thirty years after a devastating genocide, Rwanda has made impressive gains. But ethnic divisions persist under an iron-fisted president who has ruled for just as long.
A well-known
The Ghana Private Road Transport Union (GPRTU) has expressed dismay over the sudden reversal of the Price Stabilization and Recovery Levy on petroleum products by the National Petroleum Authority (NPA). The National Petroleum Authority (NPA) on April 4, 2024, instructed all Oil Marketing Companies and related stakeholders to impose a levy of 16 pesewas per […] The post Suspension
Petroleum consumers in Ghana are expected to pay more for fuel following the decision by the National Petroleum Authority (NPA) to suspend the Price Stabilization and Recovery Levy on petroleum products. In a directive dated April 3, 2024, and distributed to various stakeholders within the oil marketing and distribution sector, the NPA instructed the application […] The post Fuel
Rev. Dr. Ezekiel, a purported trustee of approximately two acres of land belonging to the Department of Parks and Gardens near the Russian Embassy in Accra, has refuted allegations of employing land guards to protect the disputed land. He has threatened legal action against the director of the Department of Parks and Gardens, accusing him […] The post No
Abraham Amaliba, the Director of Conflict Resolution of the National Democratic Congress (NDC), has stated that the New Patriotic Party (NPP) will be the most impacted by the Alliance for Revolutionary Change (ARC), a collaboration between Alan Kyerematen and Abu Sakara. Mr Kyerematen, an independent presidential candidate, has formed a strategic partnership with the National […] The post Alan’s
A member of the communication team of the National Democratic Congress (NDC), Osei Yaw Akoto, has been reported dead. The wife of the deceased has admitted to stabbing her husband but not with the intention to kill, according to a Police source. Osei Yaw Akoto was found in a pool of blood at his residence […] The post Wife of deceased NDC communications team
President Akufo-Addo welcoming President Dr. William Ruto at the Jubilee House The governments of Ghana and Kenya have resolved to chart a new course. This is to strengthen existing Read More... The post Ghana, Kenya Deepen Ties appeared first on DailyGuide
The Interior Ministry has declared Thursday, April 11, 2024, as a public holiday to commemorate Eid-ul-Fitr, a significant religious festival celebrated by Muslims worldwide. A press statement signed by the Interior Minister, Henry Quartey on Wednesday, April 3, 2024, confirmed the statutory holiday and urged Ghanaians to observe it as such throughout the country. Eid-ul-Fitr […] The post Interior
Authorities at Opoku Ware SHS have dispelled rumours of de-boardinising over 1000 students, asserting that disciplinary actions are only being taken against students who violated school regulations by leaving for the Easter break without permission. Reverend Stephen Sekyere Owusu, the Headmaster of Opoku Ware School, reiterated the institution’s firm stance against any form of indiscipline […] The post Opoku
By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […] The post The
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