The World Bank has appointed Victoria Kwakwa, as the new World Bank Vice President for Eastern and Southern Africa, effective July 1st, 2022. Ms. Kwakwa, an economist and development expert with over 30 years of experience, will lead an active regional programme including a financing portfolio of over 300 projects, totaling more than $50 billion and extensive policy […]
A team from the International Monetary Fund (IMF) is expected to arrive in Ghana on Wednesday, July 6 to begin negotiations with government on the economic support it is seeking. The IMF officials – comprising senior officers from the Fund and local staff – will meet the Finance Ministry, the Economic Management Team and the […]
The government is optimistic that the resort to the International Monetary Fund (IMF) will help stabilise the economy and restore buffers to make it stronger. It said it had been compelled to approach the IMF because the COVID-19 pandemic had depleted the buffers, throwing the economy into an 11 per cent deficit, against the regulated […]
The CEO of the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi is stepping down at the end of July 2022. Mr. Hosi, the founding CEO of the Chamber, is leaving office after 10 years of service. Under his leadership, the Chamber became recognized as one of the power houses for industry-based research and policy […]
It appears that calls for Finance Minister Ken Ofori-Atta’s head over Ghana’s current economic misfortunes may have come to naught. Government spokesperson, Kojo Oppong Nkrumah says justifications so far for Ken Ofori-Atta to step down are neither here nor there. Many critics including former President John Mahama have called for him to be sacked after […]
A total of 516 firemen and firewomen yesterday passed out from the National Fire Academy and Training School (FATS) in Accra after nine weeks of training. The Recruit Course 54 comprised 294 males and 222 females who were selected from across the country. They were trained in the rudiments of firefighting techniques. Commendation The Minister […]
Ban single-use plastics in the country, a former Director-General of the Ghana Health Service (GHS), Prof. Agyeman-Badu Akosa, has said. He said this would help reduce the danger posed by plastic waste which has life-threatening implications on human life and the environment. Prof. Akosa was speaking at a high-level panel discussion at the University of […]
President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for an economic programme, Joy Business can authoritatively confirm. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicates that there had already been a conversation between the IMF boss, Kristalina […]
The Head of Financial Stability at the Bank of Ghana, Dr. Joseph France, has warned the general public against linking their Ghana cards to their bank accounts through links sent via social media. According to him, no bank has put it out there that clients can link their Ghana cards and bank accounts remotely. He […]
The 40th Martyrs Day, which commemorates the abduction and killing of three Justices of the High Court and a retired Army officer, was yesterday[June 30, 2022] marked with a solemn church service at the Christ the King Catholic Church in Accra. The victims were Justices Frederick Opoku Sarkodie, Cecelia Koranteng-Addo, Kwadwo Agyei Agyapong and Major […]
The total losses to fraud suffered Banking, Specialised Deposit-Taking Institutions (B&SDI) and Electronic Money Issuers in 2021 amounted to GH¢61million as compared to GH¢25 million in 2020. The figures contained in the B&SDI and EMI fraud report issued by the Bank of Ghana represents a 144.00% increase in year-on-year terms, although 2021 saw a minimal decline of […]
Somber Reflections by Fr. A. B.C. PREAMBLE: From 25th to 30th April, 2022, the Association of Catholic Heads of Higher Institutions (ACHHI) held her National Conference in Navrongo. The theme for the Conference was “Examination malpractices in Ghana: A challenge to national development”. I was at that Conference and that is the trigger for this […]
