The United States Embassy in Accra has announced a change in its visa services operations. Effective August 26, 2024, the Embassy will transition to a new visa services provider which will be made known on the US Embassy website. Consequently, access to the current visa service provider’s website and services will cease on August 16, […]
Dr Benjamin K.D. Asante, the CEO of Ghana Gas Company, is encouraging African leaders to capitalize on the Russia-Ukraine conflict to expand gas distribution to Europe. During a public lecture at the Kwame Nkrumah University of Science and Technology’s College of Engineering, themed “Gas Commercialization: Fostering a Sustainable Petroleum Economy, Opportunities and Setbacks,” he highlighted […]
The National Communication Authority (NCA) has assured the public that data prices will decrease by the last quarter of the year, addressing concerns over high data costs and poor services. This announcement follows widespread criticism and calls for the dissolution of the NCA board, partly due to MTN’s classification as a Significant Market Power (SMP), […]
Meta Platforms said on Wednesday it had removed about 63,000 accounts in Nigeria that attempted to engage in financial sexual extortion scams mostly aimed at adult men in the United States. Nigerian online fraudsters, known as “Yahoo boys,” are notorious for scams that range from passing themselves off as people in financial need or Nigerian princes […]
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 […]
