BUSINESS

Ghana’s public debt reduces to GH¢434.6 billion, 71% of GDP

Ghana’s public debt stood at GH¢434.6 billion as of December 2022 according to the Bank of Ghana’s Summary of Economic and Financial Data for April 2023. This is a reduction of GH¢141.1 billion in the country’s public debt. This represents 71.6% of the country’s Gross Domestic Product. This is a reduction …

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Free SHS policy is poorly targeted, only increased enrolment – IMF

International Monetary Fund (IMF) has criticised Ghana’s free Senior High School policy saying, although it has increased enrolment, it is poorly targeted. “Ghana spends close to 4 percent of GDP on education with good results in terms of enrolment but poor learning outcomes. The flagship programme Free Senior High School …

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Two babies die in hospital due to power outage in Damongo

Two babies have died as a result of a power outage at the St Anne’s Hospital which operates under the Catholic Health Directorate in Damango in the Savanna Region. The hospital had its power cut due to a debt amounting to GH¢4 million power debt owed to the Northern Electricity …

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GPRTU asks drivers to halt 10% transport fare reduction

The Ghana Private Road Transport Union (GPRTU) has asked drivers across the country to halt the proposed 10 percent reduction of transport fares for now. The union has told its members to continue charging existing fares. On May 15, 2023, there was a directive for transport fares to be reduced …

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Economic uncertainty to reduce with IMF deal

The country is on the brink of entering a period characterised by market stability and diminished uncertainties, following the International Monetary Fund’s (IMF) approval of the US$3 billlion deal. The expected disbursement of around US$600million through the IMF programme, along with other anticipated concessional inflows, is anticipated to significantly bolster the …

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IMF approves $3billion bailout for Ghana

Bloomberg has reported that the International Monetary Fund has approved Ghana’s request for a $3 billion bailout to support Ghana’s economic recovery, according to its sources The IMF’s Executive Board met to discuss approval for the funding on Wednesday. The report however added that the announcement will be done later in the …

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Adopt a graduated approach to debt recovery – Govt to PURC

The government has urged the PURC to defer at least 35% of the next electricity tariff adjustment owing to the current economic challenges faced by Ghanaians. Ahead of the PURC’s expected quarterly adjustment of electricity tariffs, Government Officials are reported to be impressing on the regulator to be measured in …

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Cement dealers asked to reduce prices as transport fares reduce

Following the announcement of a reduction in transport fares, a presidential staffer, Dennis Miracles Aboagye, has called on producers and retailers of cement to also reduce their prices. According to him, cement prices increased when the dollar was selling at about GH¢16, therefore, it should also reduce now that the …

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UBA Is Awarded “Best CSR Bank Ghana 2023

Chris Ofikulu United Bank for Africa, Ghana has been named as the ‘Best CSR Bank Ghana 2023’ by the Global Business Magazine Awards. The list of winners was released and published on their website. The award is designed annually to honor and reward excellence in companies across different sectors and …

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Common Causes Of Sleepless Night And How To Avoid It

Insomnia, a medical term for sleepless nights, refers to the condition where individuals experience difficulty falling asleep and staying asleep. This condition can be highly disruptive, impacting one’s overall health, work performance, and mood. The causes of insomnia often stem from our daily activities, many of which we may be …

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Body part you will feel pain if you have kidney failure

Pain in a specific area of the body is often the first warning sign that your kidneys need medical attention, even if the disease itself manifests internally. You may want to read this article all the way through if you’ve been experiencing unusual pains in your body. In this piece, …

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Ghana is now ready to go to the IMF Board – Ofori-Atta declares

Finance minister Ken Ofori-Atta has declared Ghana’s readiness to go to the International Monetary Fund (IMF) Board as it pushes for a US$3 billion Extended Credit Facility. The Paris Club and other major partners, this week, announced that it was giving financing assurances to allow Ghana receive the facility. Reacting to the development via …

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Ghana Standards Authority shuts down Chinese metal company

A Chinese-owned company, Fenis Metal Technology Company, has been shut down by the Ghana Standards Authority (GSA) for operating without proper certification. The exercise which was led by the Head of Enforcement at GSA, George Anti, was aimed at removing substandard products from the Ghanaian market. The local electric cable …

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Simple Ways to Check If Your Heart Is Healthy

Your heart is one of the most vital organs in your body, and it’s essential to keep it healthy. Heart disease is a leading cause of death worldwide, and early detection is critical to prevent serious complications. According to Webmd, here are some simple ways to check if your heart …

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EPA to close down churches, drinking spots operating without licence

The Volta Regional Director of Environmental Protection Agency (EPA), Hope Smith Lomotey, has noted that his outfit will soon close down churches and drinking spots operating without licences. He also called on churches whose licences have expired to renew their permits to enable them to continue with their operations. In …

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Stroke becoming prevalent among the youth

Programme Manager of the Non-Communicable Diseases of the Ghana Health Service, Dr. Efua Commeh, has indicated a rather worrying trend of rising stroke cases among young people of 40 years and below in Ghana. According to her, these have become so owing to many cases of hypertension in such young …

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Ghana’s domestic cocoa production surpasses Ivory Coast – ICCO

Ghana has surpassed Ivory Coast in cocoa production over the half year 2022/23 crop season, according to the latest Cocoa Market Report by the International Cocoa Organization (ICCO). As of 31 March 2023, cumulative arrivals of cocoa beans in Ivory Coast were lagging behind previous season levels, while the volume …

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Ashanti Region now epicenters of rabies- GHS

The Ghana Health Service (GHS) has identified, the Ashanti Region as one of the epicenters of the rabies disease in Ghana. According to GHS the data available to them show that Ashanti Region recorded the most rabies cases followed by the Greater Accra Region. This was disclosed during sensitisation program …

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