Borrowing can’t sustain economy, enhance domestic tax mobilisation – IMF MD to African countries

The Managing Director of the International Monetary Fund (IMF), Madam Christine Madeiline Lagarde, says African countries would not sustain their economies by borrowing. She admonished sub-Saharan African countries to enhance their domestic tax mobilisation to sustain their economies and help them to remain sovereign. Borrowing for investment risky She warned that relying on borrowing for […]

Bawumia speaks at IMF’s Future of Work Conference, amplifies drive to leverage technology to formalize economy

The Vice President, Dr. Mahamudu Bawumia has reiterated government’s commitment at leveraging technology to formalize the Ghanaian economy. The move according to him will also ensure greater technological integration in everyday life and geared towards positioning the country to take advantage of the 4th industrial revolution. The Vice President was speaking at the Future of […]

IMF boss touts Zipline’s use of drones for medical supplies in Rwanda, says it is a necessity for Sub-Saharan Africa

The Managing Director of the International Monetary Fund (IMF), Mrs Christine Lagarde, has lauded the Rwandan Government’s decision to employ the use of drone technology to supply blood and other essential medical supplies to her citizens. According to Mrs Lagarde, the use of drones and other technological innovations are essential if sub-Saharan African countries are […]

Ghana receives ‘Christmas present’ in another compact programme from Millennium Challenge Corporation

The Acting Vice President of the Millennium Challenge Corporation (MCC), Ms Kyeh Kim, has announced that Ghana has been selected as one of the countries in West Africa to be beneficiaries of another Compact programme from the MCC. The Regional Compact Programme, Ms. Kim said, will be used for the construction of large-scale, cross-border infrastructural […]

With Mobile Money Interoperability, everyone on ‘Momo’ has a Bank Account-VP Bawumia

The completion of the Financial Inclusion Triangle means that practically, anyone with a mobile phone has access to banking services without necessarily walking into a bank to open an account, Vice President Mahamudu Bawumia has posited. This financial inclusion triangle, which allows the movement of money between mobile money wallets, bank accounts and ezwich accounts, […]

Our bosses are thieves, they have acquired wealth fraudulently, investigate them-Menzgold staff begs EOCO

Workers of gold trading firm Menzgold are calling on the Economic and Organised Crime Office (EOCO) to investigate their bosses whom they accuse of fraudulently acquiring wealth. According to them, some of the top level management members of the company are partly to blame for the current crisis that has bedeviled the company as they […]

GCAP commences rehabilitation of Tono irrigation scheme

The Ghana Commercial Agriculture Project (GCAP) has begun rehabilitation and modernisation of the Tono irrigation scheme in the Upper East Region, to boost agricultural production and increase food security in the country. The project is expected to increase the irrigable area from 1,300 hectares to 2,490 hectares of water for year-round agricultural production. Around 2,300 farmers […]