BUSINESS

The International Monetary Fund (IMF) has confirmed that Ghana is in debt distress, a deputy Ranking Member on Parliament’s Finance Committee, Isaac Adongo, has alleged. According to him, the development comes after the Fund, in its latest Monetary and Capital Monitor report, affirmed Ghana has attained ‘the unenviable economic status of a …

On the Interbank forex rates from the Bank of Ghana today, February 28, 2022, the Ghana Cedi is trading against the dollar at a buying price of 6.5971 and a selling price of 6.6037. As compared to Friday’s trading of a buying price of 6.5971 and a selling price of 6.6037. At …

Finance Minister Ken Ofori-Atta has admitted publicly that teachers and civil servants in Ghana are paid “indecent” salaries. At a recent town hall meeting in Wa, Upper West Region, to sensitise Ghanaians to the e-levy and why the government needs it passed urgently, President Nana Akufo-Addo’s cousin told his audience on Monday, …

The Commission on Human Rights and Administrative Justice (CHRAJ) has directed a former Chief Executive Officer (CEO) of the Public Procurement Authority (PPA), Adjenim Boateng Adjei, to refund GH¢5.7 million to the state. The amount is to be paid into the Consolidated Fund within six months and the receipt evidencing …

The ongoing geopolitical tension between Russia and Ukraine will not have much impact on Ghana’s petroleum products, a former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Mr Alex Mould, has said. Therefore, he said, there should be no panic at all among stakeholders. Instead, Mr Mould asked …

A few years ago in Ghana, owning certain items that brought a level of comfort were deemed to be of luxury and used by only the ‘high class and elite’. But with growing demand and supply for these items in recent years, coupled with increasing population figures, there has been …

A youth group within the Eastern region – “Action Movement Youth” (AMY), is calling on His Excellency Nana Addo Dankwa Akuffo to give Yilo Krobo and its environs a mango processing factory. Yilo Krobo is one of the few leading mango farming districts in Ghana which makes it a hub …

The Asantehene, Otumfuo Osei Tutu II, has advised businesses to recognise their operations as contributing to the growth of Ghana’s economy. He said economic growth created wealth, some of which went directly into the pockets of workers to improve their well-being. Hence, he said, businesses were expected to grow and expand …

The Electronic Transaction Levy Bill, popularly known as e-levy, will not be tabled in Parliament anytime soon. This is because it was not included in the Business Statement for next week. The controversial bill has not been considered by the plenary despite surviving the Finance Committee’s deliberation. It was tabled …

A Political Scientist, Dr Richard Amoako Baah has said the government will need to go to the International Monetary Fund (IMF) for support to deal with the challenges facing the economy. He said the government can only delay in the move to the Bretton Woods institution but will eventually go …