The government will use today’s mid-year budget review (MYBR) to address the myriad of challenges facing the Nation Builders Corps (NABCo) programme that was introduced in 2018 to provide jobs for the teaming youth. It is expected that it would announce a comprehensive exercise to integrate the beneficiaries into the YouStart programme, another initiative of […]
The Head of Consumer Services at the National Petroleum Authority (NPA), Eunice Budu Nyarko, has appealed to the public to purchase fuel only from filling stations with certification. She said stations with green Ghana Standards Authority (GSA) stickers were always the go-to places for petroleum products, since those stations were regularly monitored by the NPA […]
The Mid-Year Review of the Budget Statement and Economic Policy of the Government and Supplementary Estimate for the 2022 financial year in Parliament has been postponed to July 27, 2022. The review is in pursuance of the Public Financial Management Act, 2016 (Act 921). The Majority Leader and the Leader of Government Business in Parliament, […]
Officials of the International Monetary Fund (IMF) will commence negotiations with the government today on a possible programme to support Ghana’s homegrown economic policies. The IMF team – led by the Mission Chief for Ghana, Carlo Sdralevich – will have in-person meetings with the Finance Ministry, the Economic Management and the Presidency from July 6 […]
For the country to enjoy the full benefits of the local content policy in the mining industry, it must ensure that the local companies in the supply chain are producing more of the mining goods within the country, the immediate past President of the Chamber, Eric Asubonteng, has said. He said although the mining companies […]
The Finance Ministry has disclosed that government will not terminate the 1.5% levy on electronic transactions, despite its application to the International Monetary Fund (IMF) for economic assistance. This was contained in a statement from the Ministry on Tuesday, addressing key questions regarding government’s ongoing engagement with the Fund. Regarding the controversial levy, the Ministry […]
A high-powered team from the International Monetary Fund (IMF) head office in Washington DC will be in Ghana on Tuesday to begin formal discussions for a new economic support programme for the country beginning Wednesday (July 6, 2022). The government will on Wednesday officially start preliminary negotiations into Ghana’s quest to seek a bailout from the fund. […]
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 […]
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 […]
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 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 […]
The Senior Partner of AB & David law firm, David Ofosu-Dorte, has predicted that Africa’s food import will increase from $35 million to $110 billion in the next three years. “That’s food import and that tells you how much we are sending outside. “There is no magic wand about the fact that the dollar to […]
