BUSINESS

A report by IMANI Africa has ranked the Finance Ministry as Ghana’s most financially reckless ministry. According to the report dubbed the ‘2022 Fiscal Recklessness Index,’ the Ministry has recorded over 11 billion cedis in losses to the state due to acts of omission and commission by its officials. The …

Deputy Ranking Member of Parliament’s Finance Committee, Isaac Adongo, has bemoaned a decision considered by Cabinet to implement a price control mechanism to help stem soaring inflation. This comes after a leading member of the governing New Patriotic Party, Gabby Asare Otchere-Darko disclosed that President Akufo-Addo and his cabinet opted not to introduce …

The Chamber of Petroleum Consumers (COPEC) is forecasting an upward adjustment in the price of petrol and Liquefied Petroleum Gas (LPG) in the first pricing window of June 2022. According to COPEC, The ex-pump estimations based on the Petroleum Price Indicators and elimination of taxes amounting to 15 pesewas per liter …

Alhaji Mohammed-Mubarak Muntaka, Member of Parliament for Asawase and Minority Chief Whip, has accused the Majority in Parliament of making Ken Ofori-Atta, the Finance Minister a tin god. Speaking on JoyNews’ PM Express show, the one-time Sports Minister bemoaned that several attempts to get the Finance Minister to the floor of Parliament …

Bank of Ghana Governor Ernest Addison has said developments in global capital markets, combined with internal challenges that resulted in the rating downgrade of Ghana’s economy, have played out to exacerbate price and exchange rate pressures in the domestic economy. The Ghana cedi, he noted, came “under severe pressure in the first …

  A private Legal Practitioner and Law Lecturer, Dr. John Baiden has petitioned the office of the Attorney-General to prosecute officials of the Bank of Ghana over the rapid depreciation of the Ghana Cedi. In his petition, he said, “The Bank of Ghana has compromised the Ghana cedi. It is out of line and …

President Nana Addo Dankwa Akufo-Addo has, through a declaration, called on wealthy economies to channel a portion of their Special Drawing Rights (SDRs) for Africa through the African Development Bank (AfDB). “Call on wealthy economies to channel a portion of their Special Drawing Rights (SDRs) for Africa through the African Development …

Accra is indeed one of the beautiful places many visit in Ghana. After exploring tourist sites in the regional capital, most people visit some known markets and public places including the Arts Centre to buy goods. As the popular saying goes, ‘some things never change’ and this is reflective in …

A Twitter investor is suing Elon Musk and the social media platform over the handling of the billionaire’s $44bn (£34.9bn) bid for the company.  The case alleges he violated California corporate laws in a number of ways. It accuses the Tesla boss of “wrongful conduct” as his “false statements and …

Economist and international relations expert, Dr. Julius Kattah has described Vice President Dr. Mahamudu Bawumia as a failure. He argued that although Dr. Bawumia has consistently been touted as an economic messiah, he has failed to live up to expectations. Dr. Kattah was of the view that the Vice President as leader …