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
Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei have admonished the government to cut its expenditure by 30 per cent to effectively combat inflationary pressures. The two in a report titled, ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ raised several concerns including the government’s approach of “relying […] The post Cut
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
Minister of Parliamentary Affairs, Osei Kyei-Mensah-Bonsu, has revealed that resigning from his position as Majority Leader was the best decision he ever made. The Suame MP stated that his primary motivation was to prevent disunity within the Majority front in Parliament. Speaking to journalists in Kumasi for the first time since his resignation in February, […] The post Resigning
By Rashidatu IBRAHIM An economist and advisor on South-South Cooperation and Development Finance at the South Centre, a Geneva-based intergovernmental organisation, Yuefen Li, has urged African countries to enforce regulations that require multinational corporations to contribute a greater share of taxes for their operations within these nations. She noted that implementing such measures would serve […] The post
The Bank of Ghana has urged the public to volunteer information on suspected cases of money laundering and unexplained wealth. This is to combat financial crimes, sanitize the industry and uphold the integrity of the country’s financial system. The Central Bank stressed collaborative efforts in identifying and addressing illicit financial activities that pose a threat […] The post Volunteer
The Concerned Drivers Association of Ghana and the Transport Operators of Ghana have jointly announced an increase in transport fares, effective Saturday, April 13, 2024, in response to the recent surge in petroleum prices. In a statement issued on Monday, April 8, 2024, they outlined the following adjustments: a 15% increase for short-distance or intracity […] The post Two
The Ghana Mineworkers’ Union of the Trades Union Congress, has announced plans to stage a five-day protest at the Ministry of Lands and Natural Resources and the Jubilee House beginning on Monday, April 15, 2024. Their stance is to pressure the government into revoking the mining lease of Future Global Resources Limited, operators of the […] The post Mine
The Alliance for Social Equity and Public Accountability (ASEPA) has called on the Tema Oil Refinery (TOR) and the Sentuo Oil Refinery to make public the specifics of their relationship. This request comes in the wake of the alleged sale of TOR to Sentuo Oil Refinery. On Monday, April 8, ASEPA’s Executive Director, Mensah Thompson, […] The post ASEPA demands clarity
It might sound cliche but not at Tullow Ghana. The phrase, ‘local content’ has come to mean the very heart of how it conducts its business. As main operator of Ghana’s two main oil fields – Jubilee and TEN – Tullow has a responsibility to harness the oil and gas resources available to the country […] The post Giving priority to local suppliers;
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […] The post Ghana’s
Award-winning Ghanaian gospel singer Joseph Matthew has claimed to be the originator of Afro-Gospel music. Afro-Gospel is a vibrant blend of African rhythms and instrumentation with Christian themes. Speaking in an exclusive interview with GhanaWeekend, Joseph Matthew said,” I’m the originator of Afro-gospel music…Afro-Gospel genre never existed… When I released my first song ”Nyame Ye” […] The post I’m
Today, I focus on a very sensitive subject relating to the interplay of church and national development. The issue of the church contributing directly to national development through taxation has been superficially discussed at various quarters. However, due to the sensitive nature of religious matters in the country, and sometimes, the fanatism that comes with […] The post Should Churches Pay Taxes: Yay or
The Food and Drugs Authority (FDA) has issued a warning to importers, manufacturers and distributors of substandard and unhygienic baby diapers (known as bale diapers) into the country, which will result in their seizure. The FDA said the safe disposal of the susbstandard product would be at a cost to the importer. The Authority, in […] The post FDA warns against importation of unhygienic baby
Eight members of a Ugandan music band have been arrested for complaining that the president's speech at the weekend was too long, local media report. The post 8 band members arrested for ‘insulting’ Ugandan President, Museveni first appeared on 3News.
President Nana Addo Dankwa Akufo-Addo has signed into law an Act of Parliament which seeks to revise and consolidate all laws relating to wildlife and protected areas. The Wildlife Resources Management Act, 2024 (Act 1115), sponsored by the Ministry of Lands and Natural Resources, was passed by Parliament on 28th July, 2023, and assented to […] The post Akufo-Addo
The Member of Parliament for Asunafo South, Eric Opoku, has asserted that the Ghana Cocoa Board (COCOBOD) has incurred losses since President Akufo-Addo assumed office. He attributed these losses to the poor performance of the Akufo-Addo-Bawumia government, which has been in power since 2017. During an interview with Bernard Avle on the Point of View […] The post COCOBOD
President Nana Addo Dankwa Akufo-Addo has signed into law an Act of Parliament which seeks to revise and consolidate all laws relating to wildlife and protected areas. The Wildlife Resources Management Act, 2024 (Act 1115), sponsored by the Ministry of Lands and Natural Resources, was passed by Parliament on 28th July, 2023, and assented to […] The post Akufo-Addo
The Local Organizing Committee (LOC) for the African Games has decided to compensate volunteers for the just-ended African Games held in Accra with an allowance of GHS1,000.00. This follows protests by the volunteers over unpaid stipends allegedly promised to them by the organizers. Some of the volunteers reportedly have to hold the Minister for Youth […] The post African
Nana Ohene Ntow, a prominent figure in Alan Kyerematen’s campaign, has lauded Kyerematen’s significant contributions to public service and leadership throughout his career. Highlighting Kyerematen’s extensive impact both within and outside politics, Ohene Ntow emphasized the former trade minister’s substantial contributions to the nation. During an interview with Selorm Adonoo on Eyewitness News on April […] The post Alan’s
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