…the IMF Must include a conditionality which commits the government to ensure timely and adequate release of funds for social protection Ghana Seeks an IMF Bailout Ghana’s economy took a nosedive just a year after it came out of the 16th International Monetary Fund (IMF) programme in 2019. Real GDP growth slowed...
The Africa Education Watch (Eduwatch) has petitioned Parliament to question the Finance Minister, Ken Ofori Atta, on the Ghana Education Trust Fund (GETFund) capping method of affirmation or formula as it deviates from the GETFund Law 2020, (Act 581) and the Earmarked Funds Capping and Realignment Law 2017 (Act...
The Ghana Enterprises Agency (GEA) has disbursed about GH¢10million to 103 Micro, Small and Medium Enterprises (MSMEs) that applied for a portion of the Ghana Economic Transformation Project (GETP) grant. The beneficiaries were selected after meeting the rigorous criteria designed by the GEA, the World Bank and other development partners...
The Director of Diaspora Affairs-Office of the President, AKwesi Awua Ababio, has stated that government comprehends the significant role of the diaspora community in economic development, and is therefore working assiduously to put in place the ‘National Diaspora Policy Framework’ to harmonise expertise and resources for development. According to him,...
What is the purpose of digitisation? What is the purpose of digitalisation? What is the purpose of capturing user-biometrics? What is the purpose of SIM registration? There can be so many textbook answers to these questions, but the simple and ultimate goal is for Consumer protection and convenience as...
Government has announced the suspension of payments on selected external debts, pending an orderly restructuring of the affected obligations - citing among other things severe constraints on financial resources, including international reserves. According to the finance ministry, this suspension covers all debt service payments under certain categories of the country’s...
Over 50 percent of Ghana Water Company Limited (GWCL) customers do not pay their water bills regularly, a recent study has found. The irregularity of payment by these customers affects the ability of GWCL to carry out scheduled repairs and replacement of aged and obsolete equipment, pipelines and other critical...
The Ghana Revenue Authority (GRA) has begun test purchase operations within the hospitality industry as part of enforcements for the festive season, with an assurance to include night surveillances to clamp down on recalcitrant VAT defaulters. Head of Enforcement, Accra Central Unit-GRA, Joseph Annan - speaking to the B&FT at...
The Trades Union Congress (TUC) has declared an indefinite strike for all workers across the country beginning December 27, 2022 until further notice. The decision was taken after the Union’s one-week ultimatum to government to exempt all pension funds from the intended Debt Exchange Programme elapsed on Monday, December 19,...
…as NITA seeks to promote vibrant ICT ecosystem The National Information Technology Agency (NITA) will start regulating the Information Communication Technology (ICT) sector rigorously next year, Communications and Digitalisation Minister Ursula Owusu-Ekuful has said. “So, from January 2023 we are going to see a greater enforcement of the laws...