Entertainment
‘I’m grieving in silence’ – Offset
American rapper and estranged husband of Cardi B, Offset has left his fans in panic after sharing a cryptic post on Instagram. On Wednesday, the rapper posted a cryptic message that reads, “I’m grieving in silence.” His post sparked worries as fans flooded the comment section advising him to “seek help. Cardi B confirmed separation […]
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Business
Former PPA CEO pleads not guilty to fresh charges, granted GHc4m bail
The former Chief Executive Officer (CEO) of the Public Procurement Authority (PPA) Agyenim Boateng Adjei has pleaded not guilty to fresh charges by the Office of the Special Prosecutor (OSP). This comes barely an hour after the OSP dropped charges against him and his brother-in-law Francis Kwaku Arhin in the previous charge sheet filed on […]
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Business
IMF reaches Staff-Level Agreement on 2nd review of extended credit facility with Ghana
The International Monetary Fund (IMF) has reached the staff-level agreement on review of the extended credit facility with Ghana. The IMF in a statement released on Saturday April 13, 2024, said Ghana will have access to about US$360 million in financing once the review is approved by IMF Management and formally completed by the IMF […]
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Business
Cedi-dollar depreciation for first four months of 2024 nears 10%
The depreciation of the Ghanaian cedi against the US dollar continues its upward trend on the commercial forex market, with the loss in value nearing 10% for the first four months of 2024. Since the beginning of the year, the cedi has experienced marginal depreciation marking a year-to-date depreciation of approximately 9.37%. However, this marks […]
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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 […]
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Banking & Finance
Editorial: Credit crunch affecting private sector
Fresh data from the Bank of Ghana (BoG) shows banks still favour investments in government securities over and above extending credit to the private sector, meaning that businesses have access to less purchasing power in real terms. Governor Ernest Addison, in a press briefing for the 117th Monetary Policy Committee (MPC) meetings, revealed that compared […]
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Business
Addison explains why Ghana’s economy is growing but the Cedi is depreciating
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has explained why the local currency, the Cedi depreciated against the major trading ones, the Dollar, Pounds, and Euros, at a time when the local economy was expanding. Recently, the Government Statistician, Professor Samuel Kobina Annim announced that Ghana’s economy grew by 2.9% in 2023, […]
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Business
Cedi Largely Stabilised Since 2023
The Minister of Finance, Dr. Mohammed Amin Adam, has said the Cedi has been largely stabilised since early 2023 against the major trading currencies. According to him, the cedi cumulatively
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Business
Cedi continues to recover its value despite seasonal pressures – Governor Addison
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […]
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Business
Cedi Continues To Recover Value
The foreign exchange market though came under some seasonal pressures in February and early March this year, the local currency continues to recover its value. According to the Bank
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Business
$3bn IMF bailout: Ghana on course to meet targets – Amin Adam
The Finance Minister, Dr Mohammed Amin Adam, has announced that Ghana is making significant progress towards achieving the targets outlined in the 3-year, US$3bn IMF Supported Post Covid-19 Programme for Economic Growth (PC-PEG). During his first monthly press briefing on the economy in 2024, held on Tuesday, Dr Amin Adam disclosed, “The Ministry of Finance […]
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Business
Cedi has largely stabilized since 2023 – Amin Adam
The Ministry of Finance has emphasized the progress of the cedi since 2023, asserting that the currency has exhibited stability against major currencies. Finance Minister Dr. Mohammed Amin Adam highlighted this achievement during the Ministry’s Monthly briefing in Accra on Tuesday, March 26, 2024. Dr. Adam pointed out that from February to December 2023, the […]
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Business
Cedis is relatively stable in Q1, we expect stability to continue – BoG Boss
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the Cedi was relatively stable in the first quarter of 2024 against the major trading currencies, especially the Dollar. He says they expect the stability to continue. Answering questions at the 117th Moneyray Policy Committee (MPC) press conference in Accra on Monday […]
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General News
No more ‘football age’ as Veep launches Ghana Card Number at Birth
The Vice President, Dr. Mahamudu Bawumia, has launched the Ghana Card Number at Birth initiative. From yesterday, March 14, 2024 every Ghanaian child born in an accredited health facility will be given a Ghana Card Number at birth. The initiative was launched on Thursday, March 14, 2024 at the Ga North Municipal Hospital, where children […]
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General News
Babies Get Ghana Card At Birth
An official explaining a point to Dr. Bawumia at the Child Welfare Unit of the Ga North Municipal Hospital Government is leaving no stone unturned in its quest to
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General News
MPs Dazzled By Ghana Card Production
Dr. Dominic Ayine A delegation of 38 Members of Parliament (MPs) from two committees of the House was dazzled by the technical and security features incorporated in producing the
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Featured
Ghana Card Number at Birth will curb child trafficking – Bawumia
Vice President Dr. Mahamudu Bawumia has successfully launched the Ghana Card Number at Birth initiative. This initiative is to issue a Ghana Card number for newborns to improve service delivery nationwide. Addressing a gathering during the launch at the Ga North Hospital in Ofankor in the Greater Accra Region, the Vice President highlighted the importance […]
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