A planned meeting with K.T. Hammond, the Minister of Trade and Industry, was boycotted by about five cement manufacturers on Monday, July 1, due to disagreements about a proposed Legislative Instrument (LI) that would control cement prices. Manufacturers Dangote, Supacem, Ghacem, Diamond Cement, and CIMAF were said to have objected …
Read More »IMF praises Ghana’s economic development as reason for third tranche payment
Ghana has received praise from the International Monetary Fund (IMF) for its outstanding economic performance in the face of global difficulties. IMF mission leader for Ghana, Stephane Roudette, commended the nation for its noteworthy progress under the IMF-sponsored Post COVID-19 Programme for Economic Growth (PC-PEG) during a joint news conference …
Read More »Bawumia officially presents Napo to National Executives as running mate
Dr. Mahamudu Bawumia, the flagbearer of the ruling New Patriotic Party (NPP), formally introduced Dr. Matthew Opoku Prempeh, his running mate, to the party’s national officials. Today, July 1, 2024, the presentation was held at the party headquarters located in Asylum Down, Greater Accra Region. In compliance with the NPP …
Read More »MTN Ghana holds 2024 edition of ethics and fraud awareness forum for vendors, suppliers and business partners
MTN Ghana has arranged a forum on ethics and fraud prevention for its suppliers, vendors, and business partners at MTN House in Accra. The forum’s topics this year included MTN’s Environmental, Social, and Governance (ESG) policies, data security and privacy, combating corruption and bribery, and the significance of moral corporate …
Read More »Finance Minister blames cedi depreciation on speculations
Dr. Mohammed Amin Adam, the Minister of Finance, has strongly advised the public to abstain from any speculation regarding the current problems facing the cedi and to avoid taking any measures that would cause the currency to become even more unstable. This caution follows remarks made by Bolgatanga Central Member …
Read More »Take cue from Kenya’s uprising against political leaders – Bagbin advises government
The Speaker of Parliament, Alban Sumana Kingsford Bagbin, has issued a warning to Ghanaian politicians, stating that they should take note of the recent events in Kenya, particularly as the nation gets ready for a pivotal election on December 7. The Speaker urged politicians, especially members of Parliament, to ensure …
Read More »Parliament summons Finance Minister to brief the house on National Cathedral project expenditure
This Wednesday, July 3, 2024, the Minister of Finance is expected to go before Parliament to respond to a pressing inquiry over the National Cathedral project’s expenses from Patricia Appiagyei, the Deputy Majority Leader. Majority Leader Alexander Afenyo-Markin has stated that the Minister will be questioned about the National Cathedral …
Read More »IMF bailout: Board approves disbursement of $360m to Ghana
On Friday, June 28, the executive board of the International Monetary Fund (IMF) authorized the second evaluation of Ghana’s US$3 billion loan program. The most recent clearance permits the government to receive an immediate payout of US$360 million to support economic recovery. The decision was made subsequent to the nation …
Read More »Nigeria Naira, worst performing currency in the world
A Bloomberg study published on Friday, June 28th, stated that during the first half of 2024, the Naira, the currency of Nigeria, has underperformed all other currencies worldwide. According to a Bloomberg analysis, the Central Bank of Nigeria’s attempts to fortify the Naira have been impeded by devaluation, a lack …
Read More »It is sad that public commentary on public interest cases has taken on political colorations – GBA President
Yaw Acheampong Boafo, the president of the Ghana Bar Association (GBA), has demanded an end to the politicization of the country’s legal system. His comments coincide with the nation’s growing political analysis of prominent legal decisions. On Sunday, June 30, at the Martyrs of the Rule of Law Remembrance Service …
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