The acting Executive Director of the Ghana Standards Authority (GSA), Professor Alex Dodoo, says he supports the production of marijuana for export, since the herbs are used for medical purposes abroad. Sharing his perspectives on the use of marijuana at the Public Accounts Committee (PAC) of Parliament at its sitting in Accra on Wednesday, Prof. […]
The global and international credit ratings agency, Standards and Poor (S&P) global has affirmed Ghana’s stronger macroeconomic fundamentals. The rating agency has upgraded Ghana’s credit score from ‘B’ minus to ‘B’ with a stable outlook. At the same time, they have revised Ghana’s transfer and convertibility (T&C) assessment to ‘B+’ from ‘B’. In its latest […]
Some 250 businesses from the Northern, Upper West and Upper East regions have received cheques for various sums through the Ministry for Business Development. The money is part of government’s business support initiative under the Ministry for Business Development. The Presidential Business Support Programme is an initiative of the Government to provide financial support to […]
A popular Chinese restaurant chain has lost around $190m (£145m) in market value after a pregnant woman found a dead rat in her soup. Hotpot restaurant Xiabu Xiabu’s stock hit its lowest level in almost a year, after photos of the dead rat being fished out of the broth with a pair of chopsticks quickly […]
President Nana Addo Dankwa Akufu-Addo has revealed that a total of 12.5 billion Ghana Cedis of public funds went into supporting the seven indigenous banks that collapsed. “To protect the deposits of the seven defunct banks, the Government, through the Ministry of Finance, has had to issue bonds to the tune of some GH¢8 billion […]
It has emerged that top clients of Menzgold Ghana include top military and police officers as well as senior bankers, former executive chairman of the Minerals Commission has revealed. Dr. Tony Aubynn has urged government to tread cautiously in its dealings with the gold dealership company, warning that should the company go down, there will be a […]
President Nana Addo Dankwa Akufo-Addo has stated that Government is in the process of finding a strategic investor to revive the “debt-ridden and idle” Komenda Sugar Factory. According to President Akufo-Addo, the search for a strategic investor has become necessary because his administration, upon assuming office on 7th January, 2017, inherited a non-operational Komenda Sugar […]
Read the full text of the resignation letter of Nigeria’s Finance Minister, Kemi Adeosun. She resigned from her position after it emerged that the National Service exemption certificate she presented to the president in order to get the appointment was a fake one. We reproduce her full resignation letter to President Muhamadu Buhari. 14th […]
Menzgold has ramped up its legal firepower as it has hired one of the leading British law firms Baker & McKenzie LLP as it prepares to do battle with the Securities and Exchange Commission (SEC) over a regulatory stand-off. The Ghana-headquartered company will continue to draw on the expertise of one of the country’s highly […]
The Institute for Energy Security (IES) is predicting that the current freefall of the local currency will shoot the prices of fuel beyond 5 cedis per litre, explaining that world oil prices will be the catalyst on whose back the fuel hikes will come. A statement issued by the energy think-tank and signed by Mikdad […]
The Bank of Ghana has assured the public the fundamentals of the economy is sound and strong, despite recent depreciation of the Cedi. Speaking at “The Cedi Forum” to discuss the depreciation of the local currency, the head of Financial Markets and Treasury Stephen Opata pointed out that the Central Bank has a firm grip […]
A Senior Research Fellow at the Institute for Fiscal Studies (IFS), Dr Said Boakye, has expressed confidence in the managers of the economy, allaying fears the recent depreciation of the local currency will lead to economic meltdown. The Ghana Cedi in recent times has depreciated marginally against major international currencies, especially the US dollar causing […]
