NEWS

Almost a year after the government commenced discussions with the International Monetary Fund (IMF) for a medium-term support, a three-year Extended Credit Facility programme, costing $3 billion in financing, has been approved and the first tranche of $604 million has been received. For a country that has suffered a sharp downturn in its economic fortunes over the past one and ...

The Producer Price Inflation (PPI) for the month of May, 2023 fell to 30.3%, from the 34.3% that was recorded in April. According to the Ghana Statistical Service (GSS), this figure represents a 4.0 percentage point decrease in producer inflation relative to the rate recorded in April 2023 (34.3%). The GSS data showed that the month-on-month change in the PPI ...

“We put the glue inside an empty sachet of water and sniff it,” says Hope, not his real name. “The region is now developing so we don’t have enough companies around for them to employ workers.” For Hope and a number of the youth in Techiman, in the Bono East region of Ghana, a few cedis worth of glue- an ...

The Chief Executive Officer of the Ghana National Chamber of Commerce (GNCCI) and Industry, Mark Badu-Aboagye, says government must use the upcoming mid-year budget review to bring relief to businesses in the country. He said while it was envisaged that the $3 billion bailout by the International Monetary Fund (IMF) would bring stability, it “had also come with conditions that ...

Former President John Dramani Mahama is travelling to Ilorin in the Kwara State of Nigeria on Thursday, June 22, 2023, as a Special Guest of the Nigerian Institution of Estate Surveyors and Valuers. Mr Mahama will address the Institution’s 53rd annual national conference, which started on June 19, 2023. LEARN AND TRADE FOREX WITH GOLIGFX WATCH THE VIDEO BELOW: Car ...

The Director of Communications for the New Patriotic Party (NPP) Richard Ahiagbah has accused the National Democratic Congress (NDC) of vote buying in Assin North ahead of the by-election on Tuesday, June 27. Mr Ahiagbah indicated that while the NPP is focused and canvassing for votes, their opponents are sharing goodies in the constituency. “Here is one of the sharing ...

Dean of Planning and Quality Assurance at the University of Mines and Technology (UMat-Tarkwa), Professor Bernard Kumi-Boateng has said that mining firms in Ghana should not be blamed for the underdevelopment and poor standards of living in mining communities in the country. On the concerns of the state of poverty in the mining communities and disparity in the living standards ...

Users of public transport will enjoy a 10 percent reduction in fares by 10% effective Wednesday, May 17, 2023. This follows consistent marginal reductions in the price of fuel. The road transport operators in a statement on Monday night said the reduction affects shared taxis, intra-city (trotro), intercity (long distance) and haulage. LEARN AND TRADE FOREX WITH GOLIGFX WATCH THE ...

Economist, Dr. Patrick Assuming, is advising government to be more pragmatic in its fiscal policy direction post-bailout from the International Monetary Fund (IMF). His caution is on the back of financial assurances from the country’s external creditors and the anticipated International Monetary Fund board approval for Ghana. Speaking to Citi Business News, Dr. Patrick Assuming also a lecturer of Finance ...

Former President John Dramani Mahama has said that Former Finance Minister Dr Kwabena Duffuor has called to congratulate him for winning the National Democratic Congress (NDC) presidential primaries last Saturday, May 13. He also said Mr Kojo Bonsu has also done the same thing. Mr Mahama tweeted “Both Dr. Kwabena Duffour and Kojo Bonsu have called to congratulate me for ...