The Vice President, Dr Mahamudu Bawumia, has left Ghana for the United States of America, to attend a United Nations (UN) Security Council Meeting.
He is expected to deliver a statement during the Open Debate of the UN Security Council on behalf of the President, Nana Addo Dankwa Akufo-Addo.
Ghana was...
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...
New Africa cross-border payments system to boost trade
The launch of Africa’s new cross-border payment system—the Pan-African Payment and Settlement System, a key pillar of the African Continental Free Trade Area—is now live following a successful pilot in the West African Monetary Zone.
The new system will enable real-time cross-border payments...
The Producer Price Inflation (PPI) rate has recorded a marginal decrease of 0.8 percentage points as the ex-factory prices of goods and services hit 12.8 percent in December 2021, recently-released provisional data from the Ghana Statistical Service (GSS) has shown.
The figure represents year-on-year rate of change from December 2020...
Financial analysts have advised government to turn to borrowing from the domestic economy as alternative financing - but only in the short-term, since such a move will definitely lead to crowding out the private sector. While at it, government should also introduce programmes that will stimulate the private sector.
According...
A projected amount of over GH¢2.5billion of oil revenue will be allocated to government through the Annual Budget Funding Amount (ABFA), following approval of the 2022 Budget by Parliament.
This on the back of an estimated petroleum benchmark revenue of US$1,006.1million for 2022. It is made up of Royalties of...
The Bank of Ghana (BoG) has directed that all customers without the Ghana Card will from July 1, 2022 be denied access to all banking and financial services at any institution under oversight of the central bank.
A public notice released by the bank on January 19, 2022 has instructed...
The Bank of Ghana (BoG) has directed that effective July1, 2022, all financial transactions will be undertaken with the Ghana Card only.
A statement released by the central bank said the move is in furtherance of its objective of ensuring the safety of the financial system.
“The Bank of Ghana pursuant...
Aggrieved customers of First Fund are lamenting over the Securities and Exchange Commission’s (SEC) inability to retrieve their locked-up cash months after appointing a second Fund Management Company OctaneDC to oversee the distribution of the money.
SEC, took over the management of the Fund from First Banc and gave it...
Director of Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey, has called on government to be firm in making a decision on the benchmark policy that will favour and support local manufacturers rather than give advantage to importers.
His comments come after...
