NEWS

The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said that the daily minimum wage in Ghana is woefully inadequate. In his view, the wage of GHS14.88 can only buy a loaf of bread, a litre of petrol, or a pint of beer. “Ghana’s daily minimum wage of GHc14.88 can only buy a loaf ...

President Akufo-Addo has advised all stakeholders in the just-ended Nigerian Presidential elections to find an amicable settlement to all elections. He said that is the best way and not to take to the streets with violence. That, he said was because anything that happens in Nigeria has direct implications for the West Africa sub-region and the entire African continent. This ...

  Finance Minister Ken Ofori-Atta has said that the government will do everything it can to ensure that elections are funded adequately as part of building the democracy of the country. He intimated that the government has been extremely good about funding Ghana’s elections and will continue in that stead. LEARN AND TRADE FOREX WITH GOLIGFX WATCH THE VIDEO BELOW: He ...

President Akufo-Addo has told Members of the Diplomatic Corp in the country that Ghana remains committed to the joint continental effort to ensure peace and stability on the continent. He noted that as the far as the interests of Africa are concerned, “we seek collectively a peaceful and secure Africa based on the progressive ideals of fostering democracy, good governance, ...

The Paris Club and the government of China are cooperating with Ghana on the West African country’s quest to restructure its external debts so as to meet the timeline for securing a board-level agreement with the International Monetary Fund for the $3-billion extended credit facility to bailout the ailing economy, President Nana Akufo-Addo has said. President Akufo-Addo believes once that ...

Rwandan President, Paul Kagame, has called for Africans to look within to find workable solutions to African problems instead of running to the west to solve their challenges. He says when Africa becomes self-reliant, especially in fixing its economy it’ll prevent interference by outsiders. He also called for effective regional co-operation and for leaders to shun corrupt practices. Speaking at ...

Trading activity on the bond market rebounded sharply as total turnover jumped by 453.25% to ¢750.36 million. This is coming following the beginning of trading of new bonds. The new Government of Ghana bonds saw an aggregate traded volume of ¢44.47 million. According to trading activity, the market saw very little activity in the opening days, but witnessed some volumes ...

The Cyber Security Authority (CSA) today Wednesday, March 1 commences the implementation of licensing Cybersecurity Service Providers (CSPs), accrediting Cybersecurity Establishments (CEs) and Cybersecurity Professionals (CPs), pursuant to the Cybersecurity Act, 2020 (Act 1038), sections 4(k), 49, 50, 51, 57 and 59. The purpose of the regime is to ensure regulatory compliance with the Cybersecurity Act, 2020 (Act 1038) and ...

The Institute for Energy Security (IES) has said it has noted of a roughly 600,000 barrels crude oil consignment that arrived at the Tema port on Friday 26th February 2023 aboard the vessel MT Theseus, which Bloomberg reports as “Russian Oil to be stashed in Ghana as pool of buyers shrinks”. IES said documents it has intercepted suggest that Planton ...

So where is the 600,000 barrels of crude oil from Russia that arrived at the Tema harbour? And who procured that cargo and for what purpose? Three central questions have emerged since Bloomberg broke the story that “a cargo of Russian oil is heading for storage tanks in Ghana”. The questions have become critical because of the clarity with which ...