President Nana Addo Dankwa Akufo-Addo has reiterated the urgent need for the international financial structure to be reformed to meet the needs of developing and emerging economies. “The necessity for reform of the system is compelling,” he argued, saying the current structure was skewed significantly against developing and emerging economies such as Ghana. He added that […]
The International Monetary Fund (IMF) is optimistic that the country will emerge stronger from the current economic challenges that have seen the prices of goods and services soar. The challenges have also led to difficulties for the government to access the international capital market for funds to finance development. The IMF said the country had […]
Businesses in Kumasi belonging to Aisha Huang have been closed down following her arrest for alleged illegal mining. The Chinese was deported sometime in 2018 for her alleged involvement in illegal mining in Ghana, but returned to the country to engage in similar activities. She was, however, picked up again by National Security operatives in […]
The International Monetary Fund (IMF) says a deal with Ghana should be reached and finalised before the end of the year. Already, very constructive discussions have been held and the fund is determined to work with the Ghana government and the Ministry of Finance to ensure that an agreement is in place before the end […]
The National President of the Ghana National Chamber of Commerce and Industry (GNCCI), Mr Clement Osei-Amoako has appealed to Ghanaians and businessmen to desist from buying the dollar and hoarding them, as he lamented that the practice was hurting the economy. He explained that the buying of the United States dollar and other foreign currencies […]
The 27.15 per cent power tariff increment for the Electricity Company of Ghana (ECG), as approved by the Public Utilities Regulatory Commission (PURC), takes effect from today. With its implementation, however, customers, depending on the category and consumption, will be paying slightly more, with the calculations, the inclusion of the statutory charges for VAT, as […]
The National Petroleum Authority (NPA) has shut down a Shell fuel filling station at Atimpoku in the Eastern Region for selling petrol laced with water. The move followed the circulation of a video on social media and subsequent complaint made to the NPA on August 29, 2022 about a suspected contaminated fuel purchased at the aforementioned […]
The Chair and Managing Director of the International Monetary Fund (IMF), Kristalina Ivanova Georgieva-Kinova, says her outfit is willing to assist Ghana to put the country’s economy on a better footing. The Bulgarian economist made this known in a tweet on Friday, August 26, 2022. According to her, the IMF’s decision to support Ghana stems […]
Members of the Ghana Union of Traders Association have halted their initial intention to close shops from Monday in protest against what they say were unfavorable government policies affecting private businesses. GUTA did the u-turn after a crunch meeting between its leadership and the Council of State, led by its chairman, Nana Otuo Siriboe II. […]
The Chief Executive Officer (CEO) of the Ghana Chamber of Mines, Sulemanu Koney, has called on the Ghana Revenue Authority (GRA) and other relevant institutions to ensure that royalties and other funds meant for the direct benefit and development of mining communities are paid on a regular basis into the Minerals Development Fund (MDF). Describing […]
The Executive Secretary of the Public Utilities Regulatory Commission, Dr. Ishmael Ackah, has attributed the failure of the Commission to automatically adjust utility tariffs in 2021 to the absence of a board. It has been argued that the recent hike in utility tariffs by a whopping 27.15% and 21.55% for electricity and water respectively is […]
The National Lottery Authority (NLA) has reacted to comments by popular master of ceremonies (MC), Kwasi Kyei Darkwah, (KKD) on why a contract with Ghana Television (GTV) to broadcast lotto draw was terminated. KKD in a TV/radio comment had questioned why United Television (UTV) was the TV station now broadcasting lotto draws instead of the national broadcaster, […]
