Vice President of Ghana, Dr. Mahamudu Bawumia, has chosen not to directly address the nation’s economic challenges during his tour of the Eastern Region. While he acknowledged the economic difficulties facing the country, Dr. Bawumia refrained from discussing them in detail, stating only that they are being addressed. The Vice President’s reluctance to speak about […] The post I
The Ghana Health Service (GHS) has declared a nationwide COVID-19 vaccination campaign in response to escalating infections at various healthcare facilities. Set to commence from May 4 to May 10, 2024, the vaccination exercise aims to curb the surge in cases, particularly in parts of Greater Accra, which has recorded the highest numbers so far. […] The post GHS to embark
As Ghana’s banking sector approaches the crucial milestone of publishing financial results by the end of April 2024, it’s essential to remember that these figures are not mere numbers but a measure of the health of our financial institutions, which is the backbone of our nation’s economic prosperity. Financial results of banks offer valuable insights […] The post Icebergs
Amidst a sharp increase in inflation for March this year, there has been an upward trend in the cost of preparing Jollof for a family of five. The post Cost of preparing Jollof nearly hits GH₵400, increased the most in Kumasi – Report first appeared on 3News.
Inflation for March 2024 increased sharply to 25.8% from 23.2% recorded in February 2024. This means that in March 2024, the general price level was 25.8% higher than in Read More... The post Inflation Rises To 25.8% appeared first on DailyGuide
The Ghana Statistical Service (GSS) has announced that inflation for the month of March this year increased to 25.8%. This is up from 23.2% recorded in February 2024. Government statistician Professor Samuel Kobina Annim said at a press conference in Accra on Wednesday, April 10 that the non-food inflation went up by 22.6 percent while food […] The post Inflation rate increases sharply to
John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has expressed his astonishment at the multitude of levies and fees imposed on goods cleared at the ports. Addressing members of the Ghana Union Traders Association (GUTA), Mahama highlighted the financial burden faced by importers, particularly citing the example of a 2023 Lexus vehicle. […] The post I’m
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
“On Transgender Day of Visibility, we honor the extraordinary courage and contributions of transgender Americans and reaffirm our Nation’s commitment to forming a more perfect Union — where all people are created equal and treated equally throughout their lives. I am proud that my Administration has stood for justice from the start, working to […] The post Racism in LGBTQ+ appeared first on The
The President, Nana Addo Dankwa Akufo-Addo, has launched a book chronicling Ghana’s experience with the novel Corona virus. The launch of the book was held on Wednesday, March 20, 2024 at the College of Physicians and Surgeons in Accra. Authored by the Minister for Health Designate, Dr. Bernard Okoe Boye, the book is titled Fellow […] The post Akufo-Addo launches Okoe Boye’s Fellow Ghanaians
Economist and senior lecturer at the University of Ghana, Dr. Adu Owusu Sarkodie, has stated that a consistent decline in inflation has resulted in drastic price reductions as the economy continues a steady rebound. Speaking on TV3’s Ghana Tonight programme on Monday, March 18, Dr. Adu Sarkodie pointed out that there have been improvements in […] The post Reduction
Kwaku Kwarteng, the Chairman of the Finance Committee of Parliament, has disagreed with government machinery that Ghana’s economic woes are largely to blame on global events such as the COVID-19 pandemic and the Russia-Ukraine war. The Obuasi West MP said reckless public spending and economic mismanagement of past and present governments are also major contributing […] The post Reckless
Kwaku Kwarteng, Chairman of the Finance Committee of Parliament and MP for Obuasi West has attributed Ghana’s current economic crisis to decades of reckless public expenditure and mismanagement by successive governments. In an interview with Accra-based JoyNews, the Obuasi West legislator noted that COVID-19 and Russia’s invasion of Ukraine are not solely responsible for the […] The post Kwaku
Latest data from the Ghana Statistical Service has revealed a decline in inflation, with the February figure standing at 23.2%. This represents a 0.3 percentage point decrease from the 23.5 percent recorded in January. During a press briefing in Accra on Wednesday, Government Statistician Prof. Samuel Kobina Anim provided a breakdown of the figures, explaining […] The post Inflation
By Ebenezer Ashley (PhD). The concept of inflation has attracted diverse theories from different economists across the globe. Economists with varied forms of theories on inflation are grouped into two. These include structuralists and monetarists (Nitisha, n.d.). Structural economists assert, inflation is the end-product of the imbalances inherent in economic systems; and adapt both fiscal […] The post
Inflation had gone up marginally, recording 23.5% for January 2024. This follows five consecutive months of decline with an inflation of 23.2% in December 2023. According to data from Read More... The post Inflation Hits 23.5% appeared first on DailyGuide
By Barry EICHENGREEN For precisely three years, the economics profession has been collectively fixated on inflation. February 2021, exactly 36 months ago, was the last time consumer-price-index inflation in the United States (all items, 12-month percentage change) was at or below the Federal Reserve’s 2% target. This recent episode of above-target inflation now shows signs […] The post The
Ghana’s inflation witnessed a marginal uptick from 23.2 to 23.5 percent for January 2024. This is a reversal of the consecutive declines recorded between July and December 2023. This slight acceleration in consumer prices is attributable to the increase in Non-food inflation drivers mainly accommodation and clothing. However, food inflation continued to ease during the […] The post Inflation
Renowned Nigerian singer, Timaya, recently opened up about his harrowing struggle with drug addiction, shedding light on a period that nearly derailed his life and career. In a heartfelt revelation, the Afro-dancehall artist shared the profound impact of his journey, serving as both a cautionary tale and an inspiring testament to resilience. In a candid […] The post Drug addiction almost ruined me – Timaya
“It’s a difficult decision, but a necessary decision,” he said, “to protect public finances”, and move away from the “whatever it costs” measures introduced to prop up the economy during the Covid-19 pandemic and extended as energy costs skyrocketed with Russia’s invasion of Ukraine. In September the government had promised to not raise electricity prices more than […] The post French
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