According to the Bank of Ghana's summary of economic and financial data, there was a marginal increase in gross reserves for April - rising from US$5.1billion in March to US$5.2billion at end of the year’s fourth month. Therefore, the nation's gross reserves are expected to experience growth following approval and...
Minister for Communications, Madam Ursula Owusu-Ekuful, is on record as giving a hint that there is a tax on mobile money transactions under consideration. The minister gave this hint last year when she faced the Parliamentary Appointments Committee as she was being vetted on her nomination by the president. However,...
The Business Climate 2020 Report has urged the country to change its old practice of exporting primary products to the United Kingdom (UK) to avoid negative balances of trade. The report indicated that the UK imported US$242million worth of goods, while Ghana on the other hand imported US$473million worth of...
Chief Inspector in Charge of Factories at the Ministry of Employment and Labour Relations, Fred Ohene Mensah, is calling on industry to push and make noise about the National Occupational Safety and Health Bill that is presently before Cabinet. The National Occupational Safety and Health bill is still languishing at...
The British High Commissioner, Iain Walker has noted the recent corruption perception index on the country is likely to affect investor confidence that is why the swearing in of the Special Prosecutor last Friday by the President before travelling abroad is a landmark. The setting up of the office of...
World Bank Country Director Pierre Frank Laporte suggested that the Power Purchase Agreements (PPAs) with Independent Power Producers (IPPs) are a major contributor to the current economic woes the country finds itself facing today. He indicated that the PPAs are not only expensive but also the contractual terms and arrangements...
A properly defined and enforced national guideline on food safety is critical to maintaining health and preventing malnutrition amidst the COVID-19 pandemic. Head of Corporation of the Canadian High Commission in Accra, Corey Huntington says a robust and diverse food supply is an essential part of the health and nutrition...
Rita Weidinger, the Executive Director-Competitive Cashew Initiative (ComCashew), once noted that if Ghana processes its total production of 110,000 metric tonnes of raw cashew nuts (RCN) and its shells, at least 3,000 jobs would be created in rural communities. Cashew processing is a relatively young sector in West Africa, including...
Director-General of the Internal Audit Agency, Dr. Eric Oduro Osae, has disclosed that government initiated processes to restructure the Internal Audit Agency and effectively prevent financial irregularities in the public sector. The move is part of measures to ensure judicious utilisation of the International Monetary Fund’s (IMF) US$3billion three-year extended...
President of the African Development Bank, Akinwumi Adesina, has again received high plaudits from his colleague African Heads of State for his sterling leadership. Former Liberian President, Ellen Johnson Sirleaf, and South Africa’s President and African Union chairperson Cyril Ramaphosa jointly commended Akinwumi for his visionary leadership and bold...

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