Fresh data from the Bank of Ghana (BoG) shows banks still favour investments in government securities over and above extending credit to the private sector, meaning that businesses have access to less purchasing power in real terms. Governor Ernest Addison, in a press briefing for the 117th Monetary Policy Committee (MPC) meetings, revealed that compared […] The post Editorial:
The National Labour Commission (NLC) has secured an interim injunction to halt the strike by the three teacher unions. The teacher unions have been striking since March 20, 2024, demanding better conditions for their service. However, a High Court has restrained the teachers from further continuing their strike. “It is hereby ordered that the Respondents […] The post NLC
Professor John Gatsi, economist and Dean of the University of Cape Coast Business School, has maintained that the indicative exchange rate used by the Bank of Ghana (BoG) is not reflective of the cost structure of business in the country. According to the central bank, the cedi depreciated at 6.8 percent against the US dollar […] The post Relative
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has explained why the local currency, the Cedi depreciated against the major trading ones, the Dollar, Pounds, and Euros, at a time when the local economy was expanding. Recently, the Government Statistician, Professor Samuel Kobina Annim announced that Ghana’s economy grew by 2.9% in 2023, […] The post Addison
The Minister of Finance, Dr. Mohammed Amin Adam, has said the Cedi has been largely stabilised since early 2023 against the major trading currencies. According to him, the cedi cumulatively Read More... The post Cedi Largely Stabilised Since 2023 appeared first on
The Public Utilities Regulatory Commission (PURC) has announced that the Electricity Company of Ghana (ECG) is on course in respect of compliance with the 5 requirements under the Cash Waterfall Mechanism procedure. This is contained in a statement dated March 26, 2024, issued by the Commission and signed by its Executive Secretary, Dr Ishmael Ackah. […] The post PURC
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […] The post Cedi continues
The foreign exchange market though came under some seasonal pressures in February and early March this year, the local currency continues to recover its value. According to the Bank Read More... The post Cedi Continues To Recover Value appeared first on DailyGuide
Some striking teachers have gathered at the National Labour Commission (NLC) in anticipation of a meeting with the government, teacher unions, and the commission about their ongoing strike. The teachers maintain that their presence is a demonstration of unity with their leaders who are poised to negotiate with the government regarding their service conditions. A […] The post Striking
The Finance Minister, Dr Mohammed Amin Adam, has announced that Ghana is making significant progress towards achieving the targets outlined in the 3-year, US$3bn IMF Supported Post Covid-19 Programme for Economic Growth (PC-PEG). During his first monthly press briefing on the economy in 2024, held on Tuesday, Dr Amin Adam disclosed, “The Ministry of Finance […] The post $3bn
The Ministry of Finance has emphasized the progress of the cedi since 2023, asserting that the currency has exhibited stability against major currencies. Finance Minister Dr. Mohammed Amin Adam highlighted this achievement during the Ministry’s Monthly briefing in Accra on Tuesday, March 26, 2024. Dr. Adam pointed out that from February to December 2023, the […] The post Cedi
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the Cedi was relatively stable in the first quarter of 2024 against the major trading currencies, especially the Dollar. He says they expect the stability to continue. Answering questions at the 117th Moneyray Policy Committee (MPC) press conference in Accra on Monday […] The post Cedis is relatively stable
By Elizabeth PUNSU, Kumasi The Coordinator of the Women’s Wing at the Ghana Union of Traders Association (GUTA), Pearl Opoku, has urged the Registrar of Companies to lower the costs associated with registering businesses led by women in the country. Ms. Opoku stressed that such action would streamline the formalisation process for numerous micro, small […] The post
Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
Water Sanitation and Hygiene, popularly known as WASH, constitutes a critical sector in the national quest for sustainable development. The sector, however, remains threatened by the brutish impacts of climate change especially as they relate to water and its complex interactions with sanitation and hygiene services. The challenge of climate change for the WASH sector […] The post Enhance
Richard Jakpa A High Court in Accra has issued a warrant for the arrest of Richard Jakpa, the businessman who facilitated the purchase of what the Attorney General’s Office Read More... The post Ambulance Case: Arrest Warrant For Businessman appeared first
A Ghana Air Force helicopter has crashed-landed in Bonsokrom, located within the Ahanta West Municipality in the Western Region. Eyewitnesses who spoke to Citi News revealed that the helicopter site, now cordoned off from public access by Air Force personnel, was reportedly carrying 14 individuals, including staff from the Petroleum sector regulators. The helicopter crashed-landed […] The post W/R:
A Ghana Air Force helicopter has crashed-landed in Bonsokrom, located within the Ahanta West Municipality in the Western Region. Eyewitnesses who spoke to Citi News revealed that the helicopter, now cordoned off from public access by Air Force personnel, was reportedly carrying 21 individuals, including staff from the Petroleum sector regulators. The helicopter crashed-landed into […] The post W/R:
By Cina Lawson and Rory Stewart For decades, the international community has grappled with the challenge of ending extreme poverty, which is the leading Sustainable Development Goal for 2030. Despite some progress, we remain far off track, with an estimated 700 million people still struggling to survive on less than $2.15 per day. Unlike in […] The post A
The African Union Commission has embarked on an expansive endeavour to empower 300 million African youth through a comprehensive initiative. This initiative was launched in Ghana to capitalize on the ongoing African Games at the Youth Pavilion, a project of the African Union Commission in partnership with UN-Habitat, UNFPA-Ghana, and IOM Ghana. The African Union’s […] The post African
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