Local pharmaceutical manufacturers are pushing for the imposition of restrictions on the importation of basic drugs that are being produced in the country, as a means to protect and promote the local industry to thrive and push the president’s vision of making Ghana a pharmaceutical hub.
According to the Pharmaceutical...
Despite the coronavirus pandemic heightening the risk of debt default by customers, banks have eased their credit stance to businesses for the next two months, Bank of Ghana credit conditions survey for June 2020 has revealed.
The Summary of Economic and Financial data published by the Bank of Ghana shows...
For every five Ghanaians, two of them are identified as multidimensionally poor - meaning more than 45 percent of the country’s population are affected by multiple types of poverty, a Ghana Statistical Service (GSS) report has revealed.
Multidimensional poverty considers the many overlapping deprivations that poor people experience. The Multidimensional...
Member of Parliament for New Juaben South and Chairman of the Finance Committee in Parliament, Mark Assibey-Yeboah, has defended government’s decision to suspend the Fiscal Responsibility Act which requires the deficit to be kept at a maximum of 5 percent of GDP - citing the pandemic as a reason...
SUNU Assurances Ghana Limited, a Pan-African Insurance conglomerate, has paid a Motor Claim of GH¢969,000 to Mole Projects & Machinery Limited. This was a total loss payment on a bus owned by the insured last week.
Presenting the cheque, the Head of Business Development, Mr. Kofi Bonsu, assured the client...
GCB Bank has begun the instant issuance of both proprietary cards and international cards across all its branches nationwide.
Now GCB customers can apply for and receive VISA Cards, Mastercard and GCB ReadyCash cards across all GCB branches instantly. The Bank will also begin instant issuance of Union Pay International...
The Monetary Policy Committee (MPC) of the central bank has again, unsurprisingly, maintained the policy rate as the ravages of the coronavirus pandemic have made it impossible for the rate to be cut for the private sector to have access to more affordable loans.
Ever since the Bank of Ghana...
Minister of Finance, Ken Ofori-Atta, has revealed in the 2020 mid-year budget review that government has released an amount of GH¢57,800,000 for the payment of nursing students allowance.
According to the Finance Minister, the stipulated amount is to cover the allowance of some 48,200 nursing students across various nursing training...
Civil Society Organizations (CSOs) have called on government and all political parties to help empower the local seed industry by providing an enabling environment and logistical support to ensure that Ghana is seed sufficient.
The CSOs believe that government and political parties can, through their manifestos and policies, safeguard input...
The government expects revenues to fall short of the 2020 budget target by GH¢13.6 billion, or 3.5 percent of revised Gross Domestic Product (GDP), mainly due to drop in petroleum receipts of GH¢5.3 billion.
Finance Minister, Ken Ofori-Atta, in his presentation of the Mid-Year Budget to lawmakers in Accra, noted...