We read with interest and concern your article Ghana must fight to keep middle-income status – Terkper  in the 3rd December edition of the Business and Financial Times . Unfortunately, your report as attributed to Mr. Seth Tekper, former Minister of Finance misinterpreted what the Country Director of the World Bank said in his Joy TV interview on PM...
Mrs. Elsie Addo Awadzi has been reappointed as the second Deputy Governor for a second term with effect from Monday. Mrs. Addo Awadzi has over 25 years of professional experience working in various capacities in Ghana and internationally - in law, finance, policy and regulatory reforms, financial sector regulation, sustainable...
Due to a slowdown in the oil and cocoa sectors, lower government spending and tight credit conditions, Ghana’s economy is expected to grow by 5.7percent, Renaissance Capital, an investment bank, has said. According to the Russian-based investment bank with offices around the globe, growth from services, construction and manufacturing will...
The Monetary Policy Committee of the Bank of Ghana has, in a rather surprise turn of events, cut the monetary policy rate by a 100-basis points, against predictions by analysts that the recent fuel price increments and upward adjustment in taxes may keep the rate at its former figure. The...
By Emmanuel AKOMEA President-Institute of Chartered Accountants, Ghana (ICAG), Sena Dake, has stressed the nation’s commitment to sustainability - emphasising the delicate balance between economic growth and environmental stewardship. “Our sustainability journey is a testament to our nation’s commitment to balancing economic growth with environmental stewardship. As we navigate the complexities...
Remittances to low- and middle-income countries are set to increase by 2.6% in 2021 Morocco has experienced year-to-date growth in remittances of more than 50% The positive outlook comes amid a strong economic recovery in host markets Remittances are seen as key to the economic rebound in many...
Zambia’s Kwacha has been one of the best performing currencies this year, gaining 18.5% against the dollar since January despite the economy creaking under the weight of unsustainable debts. Restructuring talks have been ongoing this month, with lenders including BlackRock, the world’s largest asset manager, under pressure to write...
The first official cases of the deadly coronavirus were recorded in Ghana on March 12, 2020, from two individuals who had returned to the country from Norway and Turkey. A pandemic that started in China's Wuhan province, COVID-19's dreadful impact on public health, economic and social systems has been felt...
The issue of Cocoa Produce Buying Companies (PBCs) adjusting their scales to cheat cocoa farmers of their due is not only sad but unconscionable. A private broadcasting station’s latest investigative documentary ‘Missing Kilos’ exposed the stealing of cocoa beans by clerks in licenced cocoa buying companies of the country. The...