GHANA DOUBLES ITS LOAN REQUEST FROM THE IMF
According to Bloomberg, the government of Ghana will be considering obtaining $3 billion from the International Monetary Fund (IMF) over a period of three years upon reaching an agreement on a…
CEMENT PRICES TO RISE AGAIN DUE TO CEDI DEPRECIATION
Prices for cement are anticipated to rise, starting the next week. The 50-kilo bag’s wholesale price is anticipated to rise from its current GH59.00 price to GH68.00. Some of the…
‘FARMERS ARE NOW MY FAN CLUB’ – DR. OWUSU AFRIYIE AKOTO
Dr. Owusu Afriyie Akoto, the minister of food and agriculture, claims that farmers in the nation now adore him because of the changes he has brought about in the agricultural…
BUSINESSES IN GHANA THREATENED BY CEDI DEPRECIATION
The Ghana Union of Traders Association (GUTA) has stated that the depreciation of the cedi against other major trading currencies is alarming and the increase in the monetary policy rate…
INVESTORS ON THE RUN AS S&P DOWNGRADES GHANA’S CREDIT RATINGS FROM B- TO CCC+
Standard and Poor’s (S&P) Global Ratings, an American credit rating organization, downgraded Ghana’s foreign and local currency sovereign ratings to CCC+/C from B-/B on Friday, August 5. This moved Ghana’s…
GLOBAL CURRENCIES IN CRISIS
In the past three months, a number of nations had their currencies depreciate significantly against the dollar. The Russian Ruble appreciated versus the US dollar. The dollar gained value by…
DOLLAR NOW SELLS AT GHS8.86 AS OF TODAY, AUGUST 2
The Ghana Cedi is currently trading against the dollar at a purchasing price of 7.6102 and a selling price of 7.6178, according to the Bank of Ghana’s interbank exchange rates…
2022 MID-YEAR BUDGET REVIEW DEEMED “DEAD AT BIRTH”
The 2022 Mid-Year Budget Review has been submitted to Parliament for approval by Finance Minister Ken Ofori-Atta. The government’s estimated economic growth rate projection for 2022 has been revised from…
“THE OVERCOMING SPIRIT OF GHANAIANS” – IS THERE ANY MORE OF THAT LEFT?
Finance Minister, Ken Ofori-Atta, at the Mid-Year Budget Review before parliament on Monday, July 25, 2022, admitted that we are in difficult times as a country. The government blamed our…
IS GABBY OTCHERE DARKO RIGHT ON THE ISSUE OF MINISTERIAL RESHUFFLING?
A staunch member of the ruling New Patriotic Party (NPP), Gabby Otchere Darko, has heavily descended on people calling for a ministerial reshuffle to take out officials whose sectors are…
CORRUPTION, AN ENDEMIC OR NOT?
Following the survey report conducted by the Commission for Human Rights and Administrative Justice (CHRAJ) in collaboration with the Ghana Statistical Service (GSS) and the United Nations Office on Drugs…
IMF LOANS: WHY GHANA NEEDS ASSISTANCE
The International Monetary Fund (IMF) is an international organization that offers advice and assistance to member countries on how to deal with economic problems. It provides them with loans in…
CHURCHES MUST DO MORE THAN JUST SHOUT “HALLELUJAH”
The Headmaster of Pentecost Senior High School in Koforidua located in the Eastern Region, Peter Attah Gyamfi after receiving Ghc 30,000 worth of stock of food items from the Church…
TWELVE EXTRA NATIONS IN ECONOMIC CRISIS ZONES AFTER SRI LANKA
A record number of developing countries are now in difficulty, according to traditional debt crisis indicators like collapsing currencies, 1,000 basis point bond spreads, and burnt foreign exchange reserves. Rising…
AFRICAN EMANCIPATION: OVERCOMING COMMODITY DEPENDENCE ON FOREIGN COUNTRIES
A report by the United Nations Conference on Trade and Development (UNCTAD) released on July 14, 2022 suggested that African countries, whose economies have been severely impacted by the COVID-19…
MAKING TAXES WORK: GOVERNMENT MUST SEAL ALL LOOPHOLES
Dr. Kwabena Donkor, a former minister under the erstwhile President Mahama, has urged the Akufo-Addo-led government to take steps to recover an amount of GHS650 million in petroleum taxes from…
GHANA NEEDS TO WAKE UP FROM ITS AGRICULTURAL SLUMBER
The General Agricultural Workers Union (GAWU) of the Ghana Trades Union Congress and the Peasant Farmers Association of Ghana (PFAG) have urged the government to direct part of the inflows…
AFRICA’S EMANCIPATION: GROW WHAT YOU EAT; EAT WHAT YOU GROW
The Global Monitoring for Environment and Security and Africa (GMES & Africa) has urged Ghana and its neighbouring African countries on the continent to review their agriculture and food strategies…
TECHNOLOGY: THE AFRICAN JOURNEY TO WORLD PROMINENCE
Technology is a key driver in the world today. This has become more palpable with the emergence of a global pandemic, COVID-19. There has been an acceleration in remote work…
PENSIONS: ARE PUBLIC SECTOR WORKERS REALLY SECURE?
David Tenkorang-Twum, the General Secretary for the Ghana Registered Nurses and Midwifery Association (GRNMA), has revealed that pension contributions for public sector workers are eight months in arrears. The government…