BUSINESS

Carlo Sdralevich, leader of the IMF negotiation team in Ghana, has reaffirmed the government’s narrative that Ghana’s economic hardship is partly a result of the ongoing Ukraine-Russia war as well as the COVID-19 pandemic. Sdralevich, after meeting the various stakeholders in the country concluded that Ghana’s fiscal and debt situation has severely …

The exchange rate between the Euro and United States Dollar has reached parity – meaning the two major currencies now have the same worth. The development would make it the first in 20 years for such an occurrence. On Tuesday, July 12, the euro hit $1, which represented a decline …

  Indigenous Ghanaian energy technology company, Kofa, has announced the introduction of its high-end battery-powered motorcycles into the Ghanaian market. This follows a successful pilot program that tested the robustness and efficiency of the innovative motorcycles and batteries in Ghana. A series of courier and logistics companies, including Graphic Courier …

A first year General Arts student of Oyoko Methodist Senior High School in Koforidua has been stabbed death. Roland Asare ,18, was stabbed during a fight between his Uncle and a co- tenant, Kwaku Kyere alias old Soldier in a house at Ogua area near Koforidua Jackson park on Monday …

Grapevine reports received indicate that both Senior and Junior Officers of the Customs Division of the Ghana Revenue Authority (GRA) are threatening to embark on a nationwide sit-down strike. The impending industrial action is over promotional issues and other matters of grave concern which have not been given the needed …

Professor of Economics at Johns Hopkins University in the USA, Steve Hanke, has again questioned government’s decision to enter an economic support programme with the International Monetary Fund. Last week, President Akufo-Addo defended the decision by stating that a possible bailout from the Bretton Woods institution will in the short-run repair …

The Keta Port is non existing but the government has kept paying the director for ten months, the MP for North Tongu, Samuel Okudzeto Ablakwa, has revealed. The director, Dr Alexander Adusei who was appointed by Nana Addo has been receiving salaries worth millions of cedis for the fanthom port, …

Relief initiatives taking shape to ease food and debt As the supply-chain disruption caused by Russia’s war in Ukraine continues, international relief packages for Africa are starting to take shape. USAID this week pledged a $30m package to support Zambian food exports to East African countries to help ease the …

Nigeria has announced a jailbreak at the Kuje Maximum Prison in Abuja. This happened on Wednesday, July 6, 2022. According to reports, the Jihadist group Boko Haram is linked to the attack that saw 443 inmates out of 879 escape. Meanwhile, the Nigerian security agencies have given a strong indication …

President of the Ghana Union of Traders Association (GUTA) Dr Joseph Obeng has said the cancellation of road toll collection by the government was needless. Contributing to a discussion on the decision by the Government of Ghana to go to the International Monetary Fund (IMF), on TV3’s Key Points, Saturday July 9, Dr Obeng …