When nominations for the Dome-Kwabenya parliamentary seat open, Mike Ocquaye Junior, the Chief Executive Office of the Ghana Free Zones Authority, has declared his intention to run again. He revealed this in an exclusive interview that aired Tuesday morning on Peace FM’s “kokrokoo” program with Kwami Sefa Kayi. “I want …
Read More »Speaker gives KT Hammond the go-ahead for laying of L.I on import restrictions
The Speaker has stated that on Thursday, Trade Minister KT Hammond can present the government’s L.I. aiming to limit the entry of specific goods. The Minority objected to the plans to lay it on Tuesday once more, stating the same reasons that the L.I. is against the interests of businesspeople …
Read More »Dr. Bawumia is right: John Dramani Mahama of the NDC has no clue about a 24-hour economy- Kwaku Bimpeh writes
The vision for a vibrant 24-hour economy in Ghana stands in stark contrast to the lackluster leadership of former President HE John Dramani Mahama. His tenure was marked by challenges, notably the ‘Dumsor’ crisis, and unfulfilled promises such as the National Health Insurance Scheme (NHIS) one-time premium. The ‘Dumsor’ crisis …
Read More »Mustapha Hamid campaigns for Napo to partner Bawumia as running mate for 2024 elections
The relationship between Vice President Dr. Mahamudu Bawumia and Minister of Energy Dr. Matthew Opoku Prempeh will aid the New Patriotic Party (NPP) in winning the 2024 elections, according to Dr. Mustapha Abdul Hamid, CEO of the National Petroleum Authority (NPA). He thinks that the Minister of Energy would make …
Read More »Minority raises red flags over gov’t tax exemptions for 45 companies
Regarding the forty-five enterprises that the government wants to exempt from paying taxes under the one district, one plant concept, the Minority in Parliament has voiced concerns. The government is requesting parliamentary approval for tax exemptions for the aforementioned 45 companies because they have been submitted to Parliament as key …
Read More »High amount of manganese in fuel is not the result of the gold-for-oil scheme – BOST
According to the Bulk Oil Storage and Transportation Company Limited, any reported high amount of manganese in fuel is not the result of the gold-for-oil scheme. BOST released a statement on Monday, November 27, 2023, stating: “We wish to state unequivocally that, we have not imported any product under the …
Read More »24-hour economy will be a deliberate policy intervention to encourage and support certain businesses – NDC
According to the National Democratic Congress (NDC), 13 industries will be the main focus of the 24-hour economy concept. According to the party, the idea is a part of the next Mahama administration’s grand plan to advance Ghana’s economic standing internationally. The 24-hour economy will therefore primarily, but not exclusively, …
Read More »Gov’t is working hard to return the economy to a high rate of growth – Akufo-Addo assures Ghanaians
Ghana’s economy is clearly improving, according to President Nana Addo Dankwa Akufo-Addo. According to him, the administration is reversing its course toward progress and expansion. Speaking on Sunday at the Valedictory Service for the departing Moderator of the Presbyterian Church of Ghana, Rt. Rev. Prof. Obiri Yeboah Mante, Mr. Akufo-Addo …
Read More »Ghana’s gross reserves increase to 1.1 month worth of import cover
Excluding Encumbered Assets and Petroleum Fund, Ghana’s Gross International Reserves (GIR) increased little to $2.46 billion in October 2023, or about 1.1 months’ worth of import cover. From September 2023 (1.0 month of import cover) of $2.267 billion and August 2023 (1.0 month of import cover) of $2.016 billion, there …
Read More »We expect IMF board meeting to take place before the end of the year for the second tranche of cash – BoG
Ghana anticipates the board of the International Monetary Fund (IMF) to meet before the end of the year to discuss the release of the second tranche of the $3 billion in cash, according to Dr. Ernest Addison, the governor of the Bank of Ghana (BoG). This comes after the $600 …
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