Business
IMF to disburse US$360m third tranche to Ghana without creditors MoU
Mr Abebe Aemro Selassie, Director, African Department, International Monetary Fund (IMF), says Ghana will receive its next funding support from the IMF even if it is unable to sign a final debt pact with its official bilateral creditors. This means that the country would receive its third tranche of US$360 million when the IMF Board […]
Business
MoF, MASLOC board can’t be left off the hook in the misappropriated funds – Harry Yamson
A Public Sector Analyst Harry Yamson says the Ministry of Finance (MoF) and Board of Microfinance and Small Loans Centre (MASLOC) cannot be left off the hook in the case of misappropriated funds and financial loss caused to the state. His concerns follow the sentencing of former MASLOC Boss, Sedina Christine Tamakloe Attionu, and Daniel […]
The post MoF, MASLOC
Business
IMF deal: Addison expresses optimism that 2nd review will lead to release of 3rd tranche
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has expressed optimism that the successful second review of the programme with the International Monetary Fund (IMF) will lead to the release of the 3rd tranche. The country had already received two tranches, $600million each. The release of the third tranche would increase the total […]
The post IMF deal:
General
Govt under fire for delaying co-financing agreement with Global Fund
The government is under scrutiny for its handling of the co-financing agreement with the Global Fund, as revealed by Ernest Amoabeng Ortsin, the president of the Ghana HIV and AIDS network. This issue has come to the forefront following the Ministry of Health’s clearance of 14 containers of anti-retroviral drugs and TB medications at the […]
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Featured
Cases of TB, malaria and HIV/AIDS on the rise due to locked up medical supplies – CSO
The Executive Director of the Africa Center for Health Policy Research and Analysis, Dr. Thomas Anaba, has disclosed that the locked-up medical supplies donated by the Global Fund have led to a surge in tuberculosis, malaria and HIV/AIDS cases. The supplies which include antiretroviral drugs for HIV/AIDS patients and mosquito nets for pregnant women have […]
The post Cases
Politics
I’m shocked – Mahama reacts to 22 levies, fees charged for clearing goods at port
John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has expressed his astonishment at the multitude of levies and fees imposed on goods cleared at the ports. Addressing members of the Ghana Union Traders Association (GUTA), Mahama highlighted the financial burden faced by importers, particularly citing the example of a 2023 Lexus vehicle. […]
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Featured
Health crisis looms as Global Fund suspends shipments to Ghana
Ghana faces a potential health crisis after the Global Fund suspended shipments of essential medical supplies due to delays in clearing previous donations stuck at Tema Port. This includes vital antiretroviral drugs for HIV/AIDS patients. The Africa Center for Health Policy Research and Analysis (ACHPR&A) expressed grave concern over the government’s inaction in expediting the […]
The post Health
Economy
African economies projected to grow by 3.4% in 2024
but faster and more equitable growth needed to reduce poverty Increased private consumption and declining inflation are supporting an economic rebound in sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters and escalating conflict and violence, according to the World Bank’s latest Africa’s Pulse […]
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General
Ghana Epidemic Preparedness Financing Advocacy urges govt to establish Public Health Emergency Fund
The Ghana Epidemic Preparedness Financing Advocacy has urged the government to create and implement a domestic financing strategy for health emergency readiness and response. This plea is based on the essential need to strengthen the country’s Global Health Security capabilities and ensure a quick and effective response to health emergencies. On Tuesday, April 9, Mr […]
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Featured
Aggrieved Customers of Gold Coast Fund Management issue June 30 ultimatum to govt
Customers of Gold Coast Fund Management in the Ashanti region have issued an ultimatum to the government to return their locked-up investments or they will campaign against the party in the upcoming elections. The customers, who are agitated and frustrated, have set a deadline of June 30, 2024, for the return of their funds. In […]
The post Aggrieved
Opinion
Racism in LGBTQ+
“On Transgender Day of Visibility, we honor the extraordinary courage and contributions of transgender Americans and reaffirm our Nation’s commitment to forming a more perfect Union — where all people are created equal and treated equally throughout their lives. I am proud that my Administration has stood for justice from the start, working to […]
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Featured
Ghana’s dependence on IMF, World Bank, a lazy man’s approach – IEA
Dr. John Kwakye, the Director of Research at the Institute of Economic Affairs (IEA), has criticized the Akufo-Addo government for its dependence on funds from the International Monetary Fund (IMF), World Bank, and other donor agencies to strengthen the local currency. He labelled the government’s heavy reliance on foreign aid, including Eurobonds and cocoa syndicated […]
The post Ghana’s
Headlines
IMF MD departs after successful 2-day visit
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, concluded her visit to Ghana on Monday, 18th March, 2024, following two days of productive engagements. Dr. Ernest Addison, Governor of the Bank of Ghana, bid farewell to the IMF MD, alongside the First and Second Deputy Governors of the bank and the IMF […]
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General News
Akufo-Addo launches Okoe Boye’s Fellow Ghanaians Book
The President, Nana Addo Dankwa Akufo-Addo, has launched a book chronicling Ghana’s experience with the novel Corona virus. The launch of the book was held on Wednesday, March 20, 2024 at the College of Physicians and Surgeons in Accra. Authored by the Minister for Health Designate, Dr. Bernard Okoe Boye, the book is titled Fellow […]
The post Akufo-Addo launches Okoe Boye’s Fellow Ghanaians
Featured
Parliament threatens action against Finance Ministry over GH¢6bn Common Fund arrears
Joseph Osei-Owusu, the First Deputy Speaker of Parliament, has indicated that the House may need to confront the Finance Ministry if it does not provide clarity on its indebtedness to the District Assembly Common Fund by the conclusion of June 2024. This concern has been prompted by revelations made by Benjamin Kpodo, the Member of […]
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Business
Reckless spending to blame for Ghana’s economic woes, not only COVID-19 – Kwaku Kwarteng
Kwaku Kwarteng, the Chairman of the Finance Committee of Parliament, has disagreed with government machinery that Ghana’s economic woes are largely to blame on global events such as the COVID-19 pandemic and the Russia-Ukraine war. The Obuasi West MP said reckless public spending and economic mismanagement of past and present governments are also major contributing […]
The post Reckless
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