The Deputy General Secretary of the National Democratic Congress (NDC), Mustapha Gbande has made serious allegations concerning the disappearance of Biometric Verification Devices (BVDs) in Ghana. According to Gbande, Information reaching him and the camp of the NDC reveals that the missing BVDs have been taken by both the Electoral Commission (EC) and the leadership […] The post Missing
The World Bank (WB) is expecting an upward progression of Ghana’s Gross Domestic Product (GDP) to hit 5.0% by 2026. This follows a projected 2.9% marginal GDP growth for Read More... The post Ghana To Return To 5.0% GDP Growth – WB appeared first on
The Supreme Court has postponed its judgement on the case against FDA’s directive which banned celebrities in alcoholic advertisements. The post FDA Alcohol Ad ban: Supreme Court postpones date for judgement to April 24 first appeared on 3News.
Mr Dan Taylor, Executive Secretary, MindFreedom Ghana has stated that early intervention is key in the fight against Mental health needs to reduce mental problems. According to him, a World Health Organization (WHO) report has revealed that about 2.8 million Ghanaians have one form of mental health condition or the other, hence the need to […] The post Early intervention is key
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
A foreign-owned mining company is reported to have taken over 100 hectares of rehabilitated cocoa farms at Nkawie in the Ashanti region, allegedly without authorisation, denying the farmers access to their farmlands. According to TV3 News, the company, MIGOP Mining Limited, is conducting mining exploration and development activities in five cocoa communities in the Atwima […] The post Ashanti
Eyewitness News, Wednesday, 10th April, 2024 The post Eyewitness News, Wednesday, 10th April, 2024 appeared first on Citinewsroom - Comprehensive News in Ghana.
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
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
The Executive Director of the Alliance for Social Equity and Public Accountability (ASEPA), Mensah Thompson, has accused the Ghanaian government of intentionally sabotaging the operations of the Tema Oil Refinery (TOR) to pave the way for its sale to Sentuo Oil Refinery Limited. Thompson alleges that this move is aimed at granting Sentuo Oil Refinery […] The post Government
The Executive Director of the Africa Center for Energy Policy (ACEP) Ben Boakye has asked civil society organisations (CSOs) and Ghanaians, in general, to be vigilant and ensure that the ongoing programme with the International Monetary Fund (IMF) works for the people. To him, playing an effective watchdog role by CSOs will ensure that the […] The post IMF deal: Let’s be vigilant to
The Executive Director of the Africa Center for Energy Policy (ACEP) Ben Boakye has asked civil society organisations (CSOs) and Ghanaians, in general, to be vigilant and ensure that the ongoing programme with the International Monetary Fund (IMF) works for the people. To him, playing an effective watchdog role by CSOs will ensure that the […] The post IMF deal: Let’s be vigilant to ensure
Executive Director of the African Centre for Energy Policy (ACEP) Benjamin Boakye has observed that the award of large-scale contracts by the government presents a huge change to the country when it comes to corruption. He explained that sole-sourced contracts make it difficult to track efficiency in government spending and also value for money. Those […] The post Sole sourcing large
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
The Electoral Commission of Ghana has announced that candidates who wish to participate in the by-election to be held in the Ejisu Constituency will be required to pay a filing fee of ten thousand Ghana Cedis (GHC10,000). This is contained in a press release dated April 9, 2024. “A Candidate shall at the time of […] The post Ejisu Parliamentary by-election: Candidates
Eyewitness News, Tuesday, 9th April, 2024 The post Eyewitness News, Tuesday, 9th April, 2024 appeared first on Citinewsroom - Comprehensive News in Ghana.
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
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
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