Deputy Finance Minister Abena Osei-Asare has defended the 2017 financial sector clean-up, which led to the liquidation of 420 institutions. She put up the defence in response to the Chairman of the Public Accounts Committee, James Klutse Avedzi, who attributed the tax default of some of the institutions to the financial sector clean-up. The Ghana […] The post Abena Osei-Asare
…Proposing the division and partial privatisation of ECG on GSE for improved performance and financial stability The insights provided in the articles published by Nii Darko Asante MGhIE, CEng MIChemE | Energy Sector Specialist on the topics Part 1: The Power Sector Payment Gap – Genesis of the CWM, Part 2: First Two Years of […] The post Strategic restructuring
The Bank of Ghana (BoG) has lowered its monetary policy rate by one per cent. In effect, the rate that commercial banks use as a reference for lending has been reduced from 30 to 29 per cent after six months. The rate has remained at 30 per cent since July 2023 to keep inflation under […] The post BoG reduces policy rate to 29% appeared first on Citinewsroom
The Ekumfi Traditional Council has expressed disappointment in President Nana Addo Dankwa Akufo-Addo over comments he made, indicating that he intentionally sidelined Ekumfi residents from benefiting from the national cake because they voted against the New Patriotic Party’s Parliamentary candidate Kingsley Ato Cudjoe in the 2020 elections. The Traditional Authority is also demanding scientific data […] The post Ekumfi
Ghana is making important inroads to stabilize its economy, and continued program implementation beckons a brighter future. When Ghana requested an IMF-supported program in July 2022, the country was dealing with an economic and financial crisis that was the outcome of preexisting vulnerabilities and substantial external shocks. The authorities have since made compelling progress under […] The post Ghana:
Dr. Promise Sefogah, General Secretary of the Society of Obstetricians and Gynaecologists of Ghana, has expressed concern about the increasing loss of many young women to cervical cancer in the country. Dr. Sefogah told the Ghana News Agency in an interview that most cases are diagnosed at late stages, where very little can be done […] The post Ghana losing too many young
Telecel Group, an Africa-focused telecommunication company with expertise in combining telecommunication with fintech, e-commerce, and tech start-ups successfully acquired 70% majority shares in Vodafone Ghana (Ghana Telecommunications Company Limited – GTCL) in February 2023 and is set to bring disruptive innovation into Ghana’s telecom industry with customer-centric products delivered with exceptional customer service. In a […] The post Vodafone
Brukina This study was conducted by Kortei et al.(2022) and examined the Aflatoxin M1 levels and cancer risks associated with brukina from different locations of the Greater Accra Region of Ghana. The study concluded that the consumption of brukina posed adverse health effects on the majority of the age categories in the different locations of the […] The post Brukina causes
The Electricity Company of Ghana Limited (ECG) has announced that applications such as new service, separate meter, and additional load will be moved and can only be done online through the ECG Mobile App effective February 1, 2024. ECG, in a notice, said the migration forms part of its digital transformational agenda as well “as […] The post ECG
President Akufo-Addo has inaugurated a state-of-the-art oil refinery worth one billion dollars in the Tema Industrial Area, marking a significant milestone towards reducing Ghana’s dependence on imported petroleum products Read More... The post President
David Ofosu-Dorte, Senior Partner at AB & David, asserts that businesses cannot be strategized based on spiritual prophecies. Mr. Ofosu-Dorte, who engages in crystal balling, suggests that businesses could be strategized based on three factors commonly used for predictions. Speaking in an interview on The Point of View on Citi TV on Wednesday, he said […] The post Businesses
The UK is sending some of Ghana’s “crown jewels” back home, 150 years after looting them from the court of the Asante king. A gold peace pipe is among 32 items returning under long-term loan deals, the BBC can reveal. The Victoria & Albert Museum (V&A) is lending 17 pieces and 15 are from the […] The post UK to loan back Ghana’s looted ‘crown jewels’ appeared
From left: Emmanuel Benimah, Deputy General Secretary in charge of Operations, ICU-Ghana, Samuel Ananga, Deputy General Secretary in charge of Administration, ICU-Ghana, Morgan Ayawine, and Alhaji Nuru-Deen Alhassan, National Chairman, Read More... The post ICU Joins Call For No Electricity
Some officials of Absa Bank Ghana displaying the awards ABSA BANK Ghana has been recognised for its outstanding support to the agricultural sector by the Ghana Incentive-Based Risk-Sharing System Read More... The post Absa Bank Grabs 4 Agri-Financing Awards appeared first
In a ground-breaking collaboration, Oxford Business Group (OBG) and the Africa Prosperity Network (APN) are joining forces to spearhead the APN initiative to identify and address bottlenecks in manufacturing, adding value, and trading within the African continent. This strategic partnership signifies a commitment to shedding light on Africa’s economic landscape, particularly in Ghana and the […] The post
President Akufo-Addo has emphasized that Africa should never face poverty given the abundance of natural resources on the continent. Speaking at the second edition of the Africa Prosperity Dialogues in Peduase, Eastern region, on Thursday, January 25, 2024, President Akufo-Addo highlighted Africa’s extensive resources, including oil, gas, minerals, ample sunlight, and 65% of arable land […] The post Africa
President Nana Akufo-Addo has granted KPMG’s request for an audit extension on the transaction involving the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Limited (SML). The audit Read More... The post Nana Grants KPMG’s SML Audit Extension
The Development Bank Ghana has injected more than GH¢1billion into the private sector since its inception in June 2022, its Chief Executive Officer, Kwamina Duker, has revealed. This investment, he noted, has played a pivotal role in fortifying over 80 businesses, resulting in the creation of over 6,000 jobs. Thirty-eight percent of these jobs have […] The post DBG
The President, Nana Addo Dankwa Akufo-Addo, has announced that the government will soon implement a visa-free policy for all Africans travelling to Ghana. According to him, the processes have begun and the expectation is to commence their implementation in 2024, which appears to be his good-bye policy. “I know you came here not to talk […] The post Free Visa for Africans traveling to Ghana appeared
British High Commissioner Harriet Thompson has expressed the UK’s readiness to collaborate with Ghana to advance electric vehicles (EVs). “We are thinking about it in the long term¸” the High Commissioner said at an auto investor reception at her residence in Accra. She added: “We are not only here thinking about what are the opportunities today, but we are also very much interested in how the sector […] The post
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