Finance Minister, Dr. Mohammed Amin Adam has assured Ghanaians that the government is adhering to its budgetary limits. During the presentation of the mid-year budget review in Parliament, he emphasised that the government has tightly controlled expenditures to remain within the 2024 Budget Appropriation. Dr. Amin Adam also revealed that the government surpassed its mid-year […]
The pound hit its highest level against the dollar in a year on Wednesday as investors bet on UK interest rates staying higher for longer. Fresh data on Wednesday showed the rate of inflation was proving more stubborn than expected by some analysts. This prompted traders to cut bets on an easing of rates in […]
Ahead of the mid-year budget review later this month, government says it will not make any additional financial demands on the national budget, sticking to its commitment to fiscal discipline, a Deputy Minister of Finance has indicated. With five months left to the 2024 Presidential and Parliamentary elections, the government is determined not to fall […]
The Finance Minister is expected to present the 2024 Mid-Year Budget review on Tuesday, July 23, 2024. During the address, Dr Mohammed Amin Adam is expected to spell out the government’s economic policy for the rest of the financial year. This was announced by Member of Parliament for Nsawam-Adoagyiri, Frank Annoh Dompreh on Friday, July […]
The Vice President of Ghana, Dr. Mahamudu Bawumia, has proposed that mobile money (MoMo) could serve as a common currency for Africa, addressing challenges associated with intra-African trade. He was speaking on Friday at the Africa Prosperity Network (APN) Interoperability Symposium in Accra. Addressing trade barriers Dr. Bawumia highlighted the persistent low levels of intra-African […]
The Ghana Union of Traders Association (GUTA) has demanded the immediate withdrawal of the 5% Excise Tax imposed on plastic manufacturing companies to prevent their collapse. In a press release on Wednesday, July 3, the Union’s Secretary General, Alpha Shaban, stated, “We do not want to believe government is being insensitive to the plight of […]
Ghana is expected to get a debt relief of $7.2 billion between 2023 and 2026 as it concludes debt restructuring deals with its bilateral creditors and Eurobond holders. Following the formalisation of the country’s agreement with the Official Bilateral Committee co-chaired by France and China, Ghana will now save $2.8 billion which it would have […]
A new report by the International Monetary Fund (IMF) has revealed that Ghana is among the emerging market economies most prepared to adopt Artificial Intelligence (AI). On Tuesday, the IMF released its AI Preparedness Index (AIPI), which maps the world’s readiness for AI and evaluates the level of AI preparedness in 174 countries. The AIPI […]
Ghana placed 2nd in remittance flows to Africa in 2023, the World Bank has revealed in its 2024 Migration Development Report. The country recorded $4.6 billion in remittance receipts in 2023. Nigeria came 1st with remittance flows of $19.5 billion. Kenya, Zimbabwe and Senegal came 3rd, 4th and 5th with inflows of $4.2 billion, $3.1 billion and […]
Finance Minister, Dr. Mohammed Amin Adam, has announced that the country’s economy is undergoing a robust rebound after enduring significant challenges over the past two years. He noted that all key indicators are trending positively and are expected to improve further. Speaking at a UK Town Hall meeting on Saturday, June 22, Dr Amin Adam […]
The management of Ghana Airports Company Limited has announced that the new terminal building at Prempeh I International Airport in Kumasi will be functional from Monday, July 1, 2024. In preparation for the transition from the old terminal to the state-of-the-art facility, the Ghana Airports Company Limited in collaboration with stakeholders, says there would be […]
Ghana’s economy grew by 4.7 per cent year-on-year in the first quarter of this year, compared to the 3.8 per cent recorded in the same period last year, the Ghana Statistical Service (GSS) has revealed. Mining and quarrying, information and communications as well as the crops sub-sectors witnessed enormous activities that pushed growth in productivity […]
