The Teachers and Educational Workers’ Union, TEWU of TUC-Ghana has called on the Ministry of Finance to issue financial clearance for the recruitment of non-teaching staff in educational institutions to accommodate the high number of students. The union emphasizes that the current workforce in these institutions is overstretched due to the annual influx of students. […] The post Issue
The National Democratic Congress (NDC), has called on the President Akufo-Addo and Dr. Bawumia government to take immediate steps to retrieve all monies paid to SML Ghana Limited for no work done. At a press conference addressed by its National Communication Officer in Accra today, the party demanded the immediate publication of the full KPMG […] The post NDC demands retrieval of monies paid to SML
The National Democratic Congress (NDC), has accused the Akufo-Addo/Bawumia government of attempted cover-up of corruption and criminality in the raging SML matter. The Presidency last week released a report detailing the President’s directives on recommendations of a yet to be published KPMG investigation. Whereas the report identified breaches of several laws involving contracts between the […] The post NDC
The Minority in Parliament is demanding the publication of the KPMG audit report on Strategic Mobilization Ghana Ltd (SML) and Ghana Revenue Authority (GRA) contract. President Akufo-Addo has stated that the SML Downstream petroleum service is needed however the Ministry of Finance (MoF) and the Ghana Revenue Authority (GRA) will have to renegotiate the fee […] The post Minority
Vice President of IMANI Africa, Bright Simons has called on President Akufo-Addo to make public the KPMG’s report on the investigation conducted on the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML) deal. President Akufo-Addo says the SML Downstream petroleum service is needed however the Ministry of Finance (MoF) and the Ghana Revenue […] The post Release KPMG’s
A Public Sector Analyst Harry Yamson says the Ministry of Finance (MoF) and Board of Microfinance and Small Loans Centre (MASLOC) cannot be left off the hook in the case of misappropriated funds and financial loss caused to the state. His concerns follow the sentencing of former MASLOC Boss, Sedina Christine Tamakloe Attionu, and Daniel […] The post MoF, MASLOC
By Joshua Worlasi AMLANU [email protected] Finance Minister Dr. Mohammed Amin Adam has assured that government is pushing forward with its debt negotiations, determined to reach an agreement with its creditors that is acceptable to all parties while staying within the sustainability targets of its IMF-supported economic programme. Ghana is aiming to cut US$10.5billion from its […] The post
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […] The post OmniBSIC
Dr Mohammed Amin Adam, the Minister of Finance, has outlined key performance indicators that led to the successful completion of the Second Review by the International Monetary Fund (IMF). On Saturday, April 13, 2024, the IMF disclosed that it had reached a staff-level agreement on the second review of the extended credit facility with Ghana. […] The post IMF
The Minister for Finance, Dr Mohammed Amin Adam has stated that the effective implementation of the programme with the International Monetary Fund (IMF) is yielding some good results. He says the country is now witnessing relative macroeconomic stability and seeing signs of economic recovery. Speaking at a joint IMF, Ministry of Finance, Bank of Ghana, […] The post Govt
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […] The post OmniBSIC
Fidelity Bank, Ghana’s largest privately-owned bank, reaffirmed its commitment to empowering women entrepreneurs during the Women in Business Dialogue Series hosted by the Business and Financial Times. Nana Esi Idun-Arkhurst, Divisional Director, Retail & Business Banking at Fidelity Bank, delivered impactful insights at the event, emphasizing the importance of cultivating investor-ready businesses and Fidelity’s commitment […] The post
“Banking is transforming. What a bank will be in 2030 is going to be significantly different from what a bank has been for the past few hundred years.” …Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth Quickening the Pace of Digital Banking Last week we examined some critical training needs that financial institutions can help bridge […] The post
Mohammed Amin Adam In a press briefing held on Saturday, Finance Minister Mohammed Amin Adam assured Ghanaians that the government is committed to not burdening citizens with more taxes. Read More... The post Government Assures Ghanaians Of No New Taxes appeared
Afro-dancehall sensation Stonebwoy has inked a global distribution and label services deal with ADA Worldwide, the independent label and artist services arm of Warner Music Group. The partnership with ADA, which is through Stonebwoy’s own Burniton Music Group, also covers Stonebwoy’s upcoming sixth studio album, slated for release later this year. “This deal marks another […] The post Stonebwoy
Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has revealed that he cautioned President Akufo-Addo against tampering with the Energy Sector Levy Act (ESLA), expressing concerns that such actions could lead Ghana back into the era of ‘dumsor,’ referring to the country’s previous power crisis. Mahama made this disclosure during a meeting with […] The post Dumsor:
Ghana does not need the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) for economic growth, an economist Dr John Kwakye has said. In the view of the Director of Research at the Institute of Economic Affairs (IEA), Ghana can develop by relying on its natural resource wealth. “We don’t need any SDRs […] The post Economist
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
By Ebenezer Chike Adjei NJOKU ([email protected]) Indigenous financial services provider, CalBank is aiming to raise GH¢600 million in fresh capital through a renounceable rights issue. This capital injection will aid the lender’s recovery from the effects of the Domestic Debt Exchange Programme (DDEP) and fuel its future growth plans. The move will offer existing shareholders […] The post
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
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