Deputy Finance Minister, John Kumah, has affirmed Prof Kwesi Botchwey’s assessment that Ghana is in an economic crisis. In an interview on Neat FM, monitored by GhanaWeb, John Kumah said that the government acknowledges there are difficulties, but these difficulties are not beyond the strength of the country. The deputy minister …
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Africa’s richest man, Aliko Dangote’s great grandfather, Alhassan Dantata, was a trader from Northern Nigeria who traded mainly in kola nuts and groundnuts. His distribution pool extended far into Europe and at the time of his death, he was the richest man in West Africa. But what exactly was the …
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The World Bank has admonished the Government of Ghana to remain transparent with citizens on the country’s current economic situation. According to Country Director of the World Bank for Ghana, Pierre Laporte predicts Ghana will face a tough time in its bid towards restoring macro-economic sustainability. Speaking at a public …
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Yields on Ghana’s Eurobonds have risen to their highest level in 10 years, as international investors continue to dump the country’s bonds amid fiscal and debt challenges – and now the Russian-Ukrainian war. Data from the CBonds indicate that the country’s sovereign US$ yield to maturity (YTM) index had risen …
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On the Interbank forex rates from the Bank of Ghana today, March 8, 2022, the Ghana Cedi is trading against the dollar at a buying price of 6.9984 and a selling price of 7.0054. As compared to Friday’s trading of a buying price of 6.9974 and a selling price of 7.0044. At …
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Mr Ken Ofori Atta, the Minister of Finance, has bemoaned the swirling deep-seated misinformation on the proposed electronic transaction Levy (E-levy) and said it affected recognition and passage. He said widespread distortion of facts caused many to reject the levy in reflex and that the situation threatened to deny the …
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Ghana has signed visa waiver agreements with eight countries; Qatar, Jamaica, Suriname, Saint Kitts and Nevis, Saint Vincent and Grenadines, Guyana, Venezuela and Malta. This means that the aforementioned countries would be exempted from applying for visas when entering Ghana and vice versa. This was disclosed by the Presidency in …
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President Nana Addo Dankwa Akufo-Addo has expressed the endorsement of his Ghana towards the bid of the Kingdom of Saudi Arabia to host Expo 2030. The President made this pronouncement during a meeting with Ahmad Bin Abdul Aziz Kattan, Advisor at the Royal Court of the Kingdom of Saudi Arabia, …
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Fuel is one of the racing products in Ghana today as far as price hikes is concerned and drivers, private and commercial have become very worried. The prices of crude oil, Brent, gasoil and gasoline have witnessed a sharp increase due to Russia’s invasion of Ukraine in the past few …
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Former Deputy Finance Minister, Cassiel Ato Forson, has bemoaned the government’s decision to use the E-Levy as collateral for loans. In a post on his Twitter handle, Ato Forson said that the move will worsen the country’s debt challenge which is the main cause of the current economic hardship being faced …
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