IMF Ghana programme blamed for cedi’s decline Ghana Business NewsMay 19, 2024 6:46 AM Prof Bokpin Professor Godfred Bokpin, an economist and finance expert, has attributed part of the cedi’s depreciation to the International Monetary Fund’s (IMF) programme with Ghana. He said that under the IMF programme, the Central Bank was barred from intervening in… Continue reading IMF Ghana programme blamed for cedi’s decline
Category: Economic Issues
Economist predicts continued depreciation of Cedi following multinational companies’ exit
Economist predicts continued depreciation of Cedi following multinational companies' exit classfmonline.comMay 16, 2024 3:07 PM Bernard Oduro Takyi(BOT) A Chartered Economist has foreseen a deepening depreciation of the Ghanaian Cedi following the departure of several multinational companies from the country. According to Mr. Bernard Oduro Takyi(BOT), the exit of entities like Dark and Lovely, Globo,… Continue reading Economist predicts continued depreciation of Cedi following multinational companies’ exit
See list of 42 private companies government wants to grant $334m worth of tax waivers
See list of 42 private companies government wants to grant $334m worth of tax waivers ghanasummary.comMay 17, 2024 7:15 PM The Member of Parliament for South Dayi, Rockson-Nelson Dafeamekpor, has criticised the government led by Nana Addo Dankwa Akufo-Addo for its attempts to offer tax waivers worth $334 million to 42 private companies. In a… Continue reading See list of 42 private companies government wants to grant $334m worth of tax waivers
Please, please, are you seeing the roads? – Kofi Amoabeng replies Akufo-Addo on “most road” comment
Home General News Business Contracts Sports World Entertainment Independent Africa About Us Contact Us E-Newspaper Politics Students & Scholarships Radio Home News Entertainment Sports Business World Independent Africa Radio Date: May 17, 2024 Please, please, are you seeing the roads? – Kofi Amoabeng replies Akufo-Addo on “most road” comment Former defunct UT Bank CEO, Prince… Continue reading Please, please, are you seeing the roads? – Kofi Amoabeng replies Akufo-Addo on “most road” comment
Cecilia Dapaah’s in-law said she distributed $10k each to passengers in order to bring $200k into Ghana – Kpebu
Cecilia Dapaah’s in-law said she distributed $10k each to passengers in order to bring $200k into Ghana – Kpebu 3NewsMay 18, 2024 10:24 AM Cecilia Dapaah A private legal practitioner, Martin Luther Kpebu, has disclosed some intriguing details of the docket on the Cecilia Dapaah case. According to him, one of the persons who submitted… Continue reading Cecilia Dapaah’s in-law said she distributed $10k each to passengers in order to bring $200k into Ghana – Kpebu
We want GN Bank back!-Ghanaians to Akufo-Addo as campaign enters 2ndday
We want GN Bank back!-Ghanaians to Akufo-Addo as campaign enters 2ndday todaygh.comMay 16, 2024 12:00 PM Story: Atta Kwaku Boadi Majority of Ghanaians have called on President Nana Addo Dankwa Akufo-Addo to, as a matter of urgency restore the licence of GN Bank as the nationwide campaign to bring back the bank enters its second day.… Continue reading We want GN Bank back!-Ghanaians to Akufo-Addo as campaign enters 2ndday
Cedi depreciation: Order your appointees to release FX stashed in their homes -Ato Forson tells Akufo-Addo
Cedi depreciation: Order your appointees to release FX stashed in their homes -Ato Forson tells Akufo-Addo theghanareport.comMay 16, 2024 4:26 PM Minority Leader, Dr Cassiel Ato Forson, has urged President Nana Akufo-Addo to promptly instruct his appointees who have hoarded Foreign Exchange(FX) to release them. He emphasized the urgency of this directive to mitigate the… Continue reading Cedi depreciation: Order your appointees to release FX stashed in their homes -Ato Forson tells Akufo-Addo
Domelevo, Kpebu, Gyampo and over 100 others petition Parliament to probe EOCO’s conduct on Cecelia Dapaah’s money saga
Domelevo, Kpebu, Gyampo and over 100 others petition Parliament to probe EOCO’s conduct on Cecelia Dapaah’s money saga 3NewsMay 16, 2024 2:32 PM Maame Tiwa Addo-Danquah, the Executive Director of the Economic and Organized Crime Office (EOCO) Some prominent Ghanaians including former Auditor-General Daniel Yaw Domelevo have filed a petition to Parliament seeking a bipartisan probe into… Continue reading Domelevo, Kpebu, Gyampo and over 100 others petition Parliament to probe EOCO’s conduct on Cecelia Dapaah’s money saga
Digitalization of ECG started in 2016 – ECG workers to Bawumia
Digitalization of ECG started in 2016 – ECG workers to Bawumia starrfm.com.ghMay 14, 2024 7:13 AM Workers of the Electricity Company of Ghana have debunked Vice President Dr. Mahamudu Bawumia’s accusation of sabotage regarding ransomware attacks and resistance to the digitalization process of the Electricity Company of Ghana (ECG). In a press release issued by… Continue reading Digitalization of ECG started in 2016 – ECG workers to Bawumia
Haruna Iddrisu linked to over US$2.5m bribe from South African business – Report
Haruna Iddrisu linked to over US$2.5m bribe from South African business - Report ghanasummary.comMay 14, 2024 6:45 AM News24, a major news portal in South Africa has published a report alleging that an indigenous company that did some work in Ghana paid bribes to some top politicians. The report specifically mentioned Tamale South Member of… Continue reading Haruna Iddrisu linked to over US$2.5m bribe from South African business – Report
Cedi will take a rest and continue the fall – Prof. Bokpin on Cedi depreciation
Cedi will take a rest and continue the fall – Prof. Bokpin on Cedi depreciation 3NewsMay 13, 2024 12:34 PM Professor Godfred Bokpin Economist and Professor of Finance at the University of Ghana, Godfred Bokpin, has observed that the Ghanaian Cedi will witness short-term stability and continue depreciating again. According to the Bank of Ghana’s… Continue reading Cedi will take a rest and continue the fall – Prof. Bokpin on Cedi depreciation
Ghana’s energy sector is in crisis – Joe Jackson on compact loss
Ghana’s energy sector is in crisis – Joe Jackson on compact loss 3NewsMay 13, 2024 6:58 AM Joe Jackson A Financial Analyst and Chief Operations Officer at Dalex Finance, Mr Joe Jackson has observed that Ghana’s energy sector is in crisis. He made this observation while describing the loss of $190 million due to the… Continue reading Ghana’s energy sector is in crisis – Joe Jackson on compact loss
You cannot expect the economy to prosper if you borrow excessively and spend it unproductively – Economist
You cannot expect the economy to prosper if you borrow excessively and spend it unproductively – Economist rainbowradioonline.comMay 13, 2024 5:41 AM Economist and lecturer Dr. Julius Kattah has advised the government to put the loans it contracts to productive use. He noted that one of the challenges that has caused our economic crisis is… Continue reading You cannot expect the economy to prosper if you borrow excessively and spend it unproductively – Economist
Keeping interest rates ‘unnecessarily high’ will make Ghanaian cedi suffer more – Togbe Afede to BoG
Keeping interest rates 'unnecessarily high' will make Ghanaian cedi suffer more - Togbe Afede to BoG ghanasummary.comMay 11, 2024 8:24 AM Togbe Afede XIV, the Agbogbomefia of the Asogli State, has voiced his concerns regarding the Bank of Ghana's (BoG) interest rates, emphasising their potential impact on the Ghanaian cedi's stability. In his remarks, he… Continue reading Keeping interest rates ‘unnecessarily high’ will make Ghanaian cedi suffer more – Togbe Afede to BoG
Pwalugu Irrigation Project: BoG clarifies role in $12M payment to contractors
Pwalugu Irrigation Project: BoG clarifies role in $12M payment to contractors ghanasummary.comMay 10, 2024 6:55 PM The Central Bank denies any allegations of impropriety, explaining that the payment to the contractors, MS Power China International Group Limited, was released solely upon the government’s authorisation. . So, we would act on instructions that have been given… Continue reading Pwalugu Irrigation Project: BoG clarifies role in $12M payment to contractors
BOG spent over GH₵1.62bn on 2,203 employees in 2022 – Togbe Afede XIV
BOG spent over GH₵1.62bn on 2,203 employees in 2022 – Togbe Afede XIV citinewsroom.comMay 11, 2024 7:25 AM Togbe Afede XIV, the Agbogbomefia of the Asogli State, has raised concerns about the salary of the staff of the Bank of Ghana (BoG). https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-1883810847636355&output=html&h=250&slotname=4641928028&adk=93918165&adf=2413718550&pi=t.ma~as.4641928028&w=300&abgtt=3&fwrn=7&channel=6120657385&format=300x250&url=https%3A%2F%2Fcdn-af.feednews.com%2Fnews%2Fdetail%2Fdd04a5efd42df79f1d112bdee8d76330%3Fclient%3Dmini&wgl=1&uach=WyJBbmRyb2lkIiwiIiwiIiwiIiwiIixudWxsLDEsbnVsbCwiIixudWxsLDBd&dt=1715418610984&bpp=9&bdt=1970&idt=1156&shv=r20240508&mjsv=m202405020101&ptt=9&saldr=aa&abxe=1&cookie=ID%3D81802909ba51e5e0-2238d31a51e000d0%3AT%3D1692995383%3ART%3D1715361629%3AS%3DALNI_MYDDzj1H2LCue8jjst8VJO11YL2WA&gpic=UID%3D00000c6819b05474%3AT%3D1692995383%3ART%3D1715361629%3AS%3DALNI_MaRwc025DSbt8s4oX_YO9xx1TQvng&eo_id_str=ID%3D60c80b287ed80298%3AT%3D1706634104%3ART%3D1715361629%3AS%3DAA-AfjZHOvsFoGpBSn0_yBSq1STj&prev_fmts=0x0&nras=1&correlator=3935805537735&pv_ch=6120657385%2B&frm=20&pv=1&ga_vid=1625238592.1659178466&ga_sid=1715418612&ga_hid=1813458738&ga_fc=1&u_tz=0&u_his=2&u_h=806&u_w=360&u_ah=806&u_aw=360&u_cd=24&u_sd=2&dmc=4&adx=30&ady=477&biw=360&bih=674&scr_x=0&scr_y=0&eid=44759876%2C44759927%2C44759837%2C95329717%2C95332079%2C95331983%2C31083473%2C95331042%2C95332402%2C95332415%2C31078668&oid=2&pvsid=2754814034947310&tmod=91446581&uas=0&nvt=1&loc=https%3A%2F%2Fcdn-af.feednews.com%2Fnews%2Fdetail%2Fdd04a5efd42df79f1d112bdee8d76330%3Ffeatures%3D2114057%26country%3Dgh%26uid%3D08c1e53bf8ea5f4e83fb533f6407a12207298822%26like_count%3D0%26client%3Dmini%26language%3Den&fc=1920&brdim=0%2C0%2C0%2C0%2C360%2C0%2C360%2C674%2C360%2C674&vis=1&rsz=%7C%7CoeE%7C&abl=CS&pfx=0&fu=0&bc=31&bz=1&psd=W251bGwsbnVsbCxudWxsLDNd&nt=1&ifi=2&uci=a!2&fsb=1&dtd=1214 In a piece dated April 11, 2024, Togbe Afede XIV, said the… Continue reading BOG spent over GH₵1.62bn on 2,203 employees in 2022 – Togbe Afede XIV
You can’t plan for more than one day. What system is this? – Frustrated Ken Thompson lashes out at government
You can't plan for more than one day. What system is this? - Frustrated Ken Thompson lashes out at government ghanasummary.comMay 10, 2024 9:08 AM The Chief Executive Officer of Dalex Finance Company, Ken Thompson, has criticised the government for its lack of focus on the private sector, blaming it for the closure of many… Continue reading You can’t plan for more than one day. What system is this? – Frustrated Ken Thompson lashes out at government
Ghana’s cedi weakens into historic decline versus the US Dollar – Bloomberg
Ghana's cedi weakens into historic decline versus the US Dollar - Bloomberg ghanasummary.comMay 10, 2024 2:15 AM Ghana’s cedi is in a record-breaking weakening cycle. The currency hasn’t gained versus the dollar in the past 22 trading sessions, the longest streak according to data compiled by Bloomberg going back to 1994. The cedi traded 0.3%… Continue reading Ghana’s cedi weakens into historic decline versus the US Dollar – Bloomberg
KPMG report: Even without RTI, Mahama published full GYEEDA report – Manasseh knocks Akufo-Addo
KPMG report: Even without RTI, Mahama published full GYEEDA report - Manasseh knocks Akufo-Addo ghanasummary.comMay 9, 2024 6:15 AM Investigative journalist Manasseh Azure Awuni has questioned why President Nana Addo Dankwa Akufo-Addo has formally rejected a request to release a full audit report recently submitted to him. The report sought access to the complete KPMG… Continue reading KPMG report: Even without RTI, Mahama published full GYEEDA report – Manasseh knocks Akufo-Addo
Société Générale Bank, other multinationals declare Ghana unprofitable
Société Générale Bank, other multinationals declare Ghana unprofitable HeraldMay 6, 2024 8:08 AM —Closed down & leaving The economic landscape of Ghana, faces a significant blow as multinational companies, including the French bank Société Générale, announce their departure due to unprofitability. This exodus sparks concerns about rising joblessness and the country’s ability to attract and retain foreign investment. … Continue reading Société Générale Bank, other multinationals declare Ghana unprofitable
Glovo, SG, others exiting Ghana due to uncomfortable economic indicators – Prof. Mensah
Glovo, SG, others exiting Ghana due to uncomfortable economic indicators – Prof. Mensah ghanasummary.comMay 7, 2024 3:15 AM A senior lecturer at the University of Ghana Business School (UGBS), Professor Lord Mensah says multinational companies are exiting Ghana due to the nation’s uncomfortable economic indicators. This comes on the back of several businesses of multinational… Continue reading Glovo, SG, others exiting Ghana due to uncomfortable economic indicators – Prof. Mensah
S.G. Exit – Ghana’s Banking Sector in fully-fledged crisis – Expert explains
S.G. Exit – Ghana’s Banking Sector in fully-fledged crisis – Expert explains kasapafmonline.comMay 7, 2024 2:59 AM Banking consultant Dr. Richmond Atuahene has indicated that the data on Ghana’s Banking Sector depicts a sector that has been in a state of crisis for the past ten years. He made the assertion in an interview with… Continue reading S.G. Exit – Ghana’s Banking Sector in fully-fledged crisis – Expert explains
Beige Bank trial: Receiver did not engage financial department before collapsing bank
https://sender.cleverwebserver.com/group/80338?id=983598&ref=aHR0cHM6Ly9tb2JpbGUuZ2hhbmF3ZWIuY29tL0doYW5hSG9tZVBhZ2UvYnVzaW5lc3MvQmVpZ2UtQmFuay10cmlhbC1SZWNlaXZlci1kaWQtbm90LWVuZ2FnZS1maW5hbmNpYWwtZGVwYXJ0bWVudC1iZWZvcmUtY29sbGFwc2luZy1iYW5rLTE5Mjc3MTg%3D&ruri=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8%3D&t=1714547594&cmpId=&fb=0&wl=1&furl=0&sf=0&bw=Q2hyb21l&bv=108&b=0&m=1&p=QW5kcm9pZA&cont=AF&res=360x666&app=&v=1.78.16&s=9eeb9fde48b7a49087ce97a6c25f62f6b42820d17ffbbd37007eb806416fc65f&iv=-1&ctr=GH&sz=666&landing=1&hei=199.80 BusinessNewsSportsEntertainmentGhanaWeb TVAfricaOpinionsCountry Menu› Business 1 null Beige Bank trial: Receiver did not engage financial department before collapsing bank Former Chief Executive Officer (CEO) of the defunct Beige Bank, Michael Nyinaku Thu, 25 Apr 2024Source: GNA null David O. Sogbodjor, former Finance Manager of the defunct Beige Bank has told the High Court trying the former… Continue reading Beige Bank trial: Receiver did not engage financial department before collapsing bank
‘It’s sad; Glovo is leaving due to high taxes, currency depreciation, high fuel’ — John Dumelo laments
‘It's sad; Glovo is leaving due to high taxes, currency depreciation, high fuel’ — John Dumelo laments Modern GhanaApr 30, 2024 11:10 AM Headlines 34 MINUTES AGO LISTEN John Setor Dumelo, NDC parliamentary candidate for Ayawaso West Wougon John Setor Dumelo, the 2024 NDC parliamentary candidate for the Ayawaso West Wougon constituency in the Greater… Continue reading ‘It’s sad; Glovo is leaving due to high taxes, currency depreciation, high fuel’ — John Dumelo laments
It’s sad NDC’ll inherit an economy that can’t borrow – Haruna Idrissu
It’s sad NDC’ll inherit an economy that can’t borrow – Haruna Idrissu MyNewsGHApr 26, 2024 7:15 AM Former Minority Leader, Haruna Iddrisu has expressed worry over the kind of economy John Dramani Mahama will inherit after winning the 2024 elections. He says the John and Jane leadership may not be able to borrow any money… Continue reading It’s sad NDC’ll inherit an economy that can’t borrow – Haruna Idrissu
Ghana’s Education Quality rank at 125 out of 183 countries in latest Global Youth Development Index
Ghana’s Education Quality rank at 125 out of 183 countries in latest Global Youth Development Index ghanaeducation.orgApr 27, 2024 4:38 PM In the Latest Ghana Education News, Ghana’s education quality finds itself at rank 125 out of 183 countries in the most recent iteration of the Global Youth Development Index (YDI), as per the latest… Continue reading Ghana’s Education Quality rank at 125 out of 183 countries in latest Global Youth Development Index
I endorse cost-sharing for free SHS- Alhassan Andani
I endorse cost-sharing for free SHS- Alhassan Andani gna.org.ghApr 26, 2024 2:05 PM Accra, April 26, GNA – Mr Alhassan Andani, an Economist, has backed calls for the government to allow parents to share the cost of fees under the implementation of the free Senior High School (free SHS) programme. The cost-sharing of fees between… Continue reading I endorse cost-sharing for free SHS- Alhassan Andani
Corruption fight: Prof. Adei dares EOCO to go after Amoako-Atta
Corruption fight: Prof. Adei dares EOCO to go after Amoako-Atta ghanasummary.comApr 23, 2024 4:03 PM Professor Stephen Adei, the former rector of the Ghana Institute of Management and Public Administration (GIMPA), has challenged the Economic and Organised Crime Office (EOCO) to go after the former Roads and Highways Minister Kwasi Amoako-Atta for stating that staff… Continue reading Corruption fight: Prof. Adei dares EOCO to go after Amoako-Atta
‘Only a miracle can save cedi’ – Forex Bureaux Association says, ‘We’re not doing things right’
'Only a miracle can save cedi' – Forex Bureaux Association says, 'We're not doing things right' classfmonline.comApr 23, 2024 9:36 AM The cedi has so far lost 11 per cent of its value to the US dollar this year Judging from the current downward trajectory of the Ghana cedi and historical election-year trends, only a… Continue reading ‘Only a miracle can save cedi’ – Forex Bureaux Association says, ‘We’re not doing things right’
Here’s why Akufo-Addo must be tried when he leaves office
Here’s why Akufo-Addo must be tried when he leaves office thepressradio.comApr 22, 2024 8:00 AM Lawyer Martin Kpebu has stated his intention to pursue legal action against President Addo Dankwa Akufo-Addo upon his exit from office. Speaking on a panel discussion on TV3 over the weekend, Kpebu discussed his plans to hold President Akufo-Addo accountable… Continue reading Here’s why Akufo-Addo must be tried when he leaves office
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