BUSINESS

BoG maintains policy rate at 14.5%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 14.5 percent. Governor of the Bank of Ghana Dr Ernest Addison said at the MPC press conference in Accra on Monday, November 23 that “The Committee noted that inflation has eased following the spike to 11.4 percent. At 10.1 …

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Rawlings’ family welcomes decision to name UDS after him

The family of the late former President Jerry John Rawlings has welcomed any decision to name the University for Development Studies (UDS) after him. According to the family, it has never been against such a ‘forward-looking’ decision, thus, it welcomed the naming of the institution after him. “We have quickly …

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NDC Ejura accident: Five transferred to Komfo Anokye Teaching Hospital

Five of the victims of Saturday’s road accident involving National Democratic Congress’ (NDC) supporters at Ejura in the Ashanti region have been transferred to the Komfo Anokye Teaching Hospital. Authorities at the Ejura Government Hospital say the five, with head injuries, were part of 54 people who sustained various degrees …

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Coronavirus: Ghana’s active cases drop

Ghana’s active Coronavirus (COVID-19) cases have seen a slight decline in the last week. As of Friday, November 13, the number of active cases stood at 1,541, and 1,146 on Tuesday, November 18. Recent figures from the Ghana Health Service (GHS) indicate that as of November 19, the number of …

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Ghana records $1.7bn trade surplus in 10 months

The country recorded a strong trade surplus in the 10 months of this year. According to the Summary of Economic and Financial Data by the Bank of Ghana, the nation recorded $1.7 billion dollars trade surplus, about 2.6% of Gross Domestic Product in October 2020. The trade surplus is bigger …

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CAF president Ahmad Ahmad banned five years by FIFA

Confederation of African Football (CAF), President Ahmad Ahmad has been given a five-year ban by the world governing football body, FIFA after being found guilty of receiving gifts and misappropriation of funds. The adjudicatory chamber of the independent Ethics Committee has found Ahmad Ahmad, the President of the Confederation of …

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KNUST female professor named among top global scientists

Professor Marian Asantewah Nkansah of the Department of Chemistry, Kwame Nkrumah University of Science and Technology has been named among the top 10 scientists in Africa. She was also named among the top 60 scientists around the world in the 2020 Analytical Scientists Power List. The Analytical Scientists Power List …

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Ghana’s public debt exceeds sustainability threshold

As widely expected Ghana’s public debt has now passed the generally accepted sustainability threshold of 70 percent of Gross Domestic Product, the GHc273.8 billion in total debt by the end of September translating to 71.0 percent of GDP. This is up from GHc209.1 million a year previously by which time …

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Farmers benefit from coronavirus response under TAAT programme

Over 20, 000 smallholder farmers have been supported to cultivate about 38, 000 hectares of maize and soya, Mr Felix Ngmenkaara Darimaani, the National Programme Coordinator of the Savannah Zone Agricultural Productivity Improvement Project (SAPIP) has said. He said under the COVID-19 response strategy of the programme, 15,000 farmers were …

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Deception, huge consumption spending killing Ghana’s economy – Terkper

Finance Minister, Seth Terkper, has said the current Finance Minister’s penchant to churn out questionable figures during budget presentations so his books will look good, is contributing to Ghana’s troubled economy. According to him, because Ken Ofori-Atta usually fails to provide the true figure of, for instance the budget deficit, the financial system …

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13 tertiary institutions hooked on free Wi-Fi

Vice President Dr Bawumia commissioned Government’s flagship Free Wi-fi Project to tertiary institutions in Accra on Friday, November 20, 2020. The project, which was executed by ECG, leverages ECG’s fibre-optic network to provide free internet connectivity to tertiary institutions. The pilot covered 13 tertiary institutions within the ECG coverage area. …

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Ghana’s to get Consolidated National Conservation Agriculture manual soon

Ghana will soon get a Consolidated National Conservation Agriculture manual that will review the myriad of existing Conservation Agriculture manuals and develop a standardized one to serve as a one-stop reference document for stakeholders. Conservation Agriculture is a sustainable approach to agricultural production aimed at protecting soil from erosion and …

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Sack NLA boss or we demonstrate – Banker to Banker Lotto Writers

The Banker to Banker Lotto Writers’ Association of Ghana (BBLWA) has threatened to hit the streets if President Nana Addo Dankwa Akufo-Addo fails to remove the current boss of the National Lottery Authority (NLA), Osei Ameyaw from office. The association has accused Mr Ameyaw as working against them to take …

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Gov’t targets diasporans to invest in economy

Finance Minister Ken Ofori-Atta has said the government will implement deliberate policies to attract diaspora investors to invest in the Ghanaian economy. He said that the government has already started attracting foreign investors into the country. Speaking on the sidelines of the Diaspora Business Breakfast meeting organized by the Ghana Investment Promotion …

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Nissan to commence assembling cars in Ghana

Nissan Motor Co. is set to start final assembly of cars in Ghana, responding to new legislation aimed at turning the West African country into an automotive hub for the region’s 380 million people. The Yokohama-based company is partnering with Japan Motors Trading Company Ltd., a Ghanaian car dealership, to …

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Bawumia buys waakye with QR Code to demonstrate use

  Vice-President Dr. Mahamudu Bawumia has urged all merchants in the informal and formal sectors to acquire and start using the all-new, all-inclusive Universal Quick Response Code (QR Code) system developed for Ghana, as part of efforts by the Akufo-Addo government, to migrate the economy from a cash-based one to a cash-lite …

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UG reduces fees for 2020/21 academic year

Management of the University of Ghana (UG) has reversed its decision to increase the facility user fees for students for the 2020/2021 academic year. The students by this release, are directed to pay the exact amount they paid for the previous academic year for the 2020/2021 academic year. “After due …

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Fire guts Sakumono school complex

Fire has gutted the Sakumono School complex near Tema in the Greater Accra region. The incident, according to eyewitnesses began around 5 am Thursday morning. The cause of the fire is not immediately known. Personnel from the fire service have been able to bring the fire under control. More to …

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Prof Benneh murder: Second accused person at Korle-Bu for treatment

Opambour Agya Badu Nkansah, the second accused person in connection with the murder of Professor Yaw Benneh, is scheduled to receive a “particular treatment at Korle-Bu Teaching Hospital on November 25, 2020”, the prosecution has told the court. At the last court date, lawyer for the accused persons, Emmanuel Larbi …

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NIC releases list of insurance companies in good standing

The National Insurance Commission (NIC) has shared with the general public all the insurance entities that can be trusted for business operations. NIC is the regulatory and supervisory body of the insurance services sector with a broad consumer. The commission has served the general public with the list of insurance …

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Government accepts bids for 7-year cedi and 3-year dollar bonds

Government accepted all bids for the 7-year cedi bond and the 3-year dollar bond issuance, according to auctioning results obtained from the Bank of Ghana. For the 7-year cedi bond, it raised GH¢1.03 billion at a rate of 20.5 percent, whilst it got US$388.9 million dollars for the 3-year dollar bond …

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Strategy for achieving US$25.3 billion by 2029 under NEDS outlined

The Ghana Export Promotion Authority has outlined an integrated list of 17 existing high performing and industrial priority products that could catapult the projected Non-Traditional Export (NTEs) revenue from the current total earnings of US$2.9 billion to US$25.3 billion by 2029. The move forms part of strategic efforts under the …

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COCOBOD denies wrongdoing in purchase of insecticides

The management of the Ghana Cocoa Board (COCOBOD) has denied any wrongdoing in the matter of the purchase of insecticides for cocoa farms. A statement issued by the management on Tuesday, November 17 said its attention has been drawn to a document circulating on several online and social media platforms …

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