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BUSINESS

Government bets on Ghana Card, digitization to leapfrog economic growth

Vice President, Dr. Mahamudu Bawumia, has indicated that the country is executing a plan to meticulously digitize and integrate all persons on the National Identification Database, popularly known as Ghana Card into the economy, as it holds a great potential to leapfrog the fortunes of the country to heights never imagined. …

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Raise revenue, control spending to bring debt down – IMF to gov’t

  The International Monetary Fund (IMF) has advised government to prioritise controlling spending and generating more revenue in order to reduce the country’s debt burden which has been exacerbated by the onslaught of the pandemic. Currently, according to the IMF, the public debt stands at 78 percent of GDP in …

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Exchange Rate: Outlook of Ghana’s cedi against foreign currencies

On the interbank board today May 17, 2021, the Ghana Cedi started the 21st trade week of the 2021 fiscal year on a stable note as it is trading against the dollar at a buying price of 5.7278 and a selling price of 5.7336. This means the exchange rate hasn’t …

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Former Wesley Girls student recounts how she was prevented from becoming a prefect because she was Muslim

  The ongoing scandal about Wesley Girls High School and their Muslim students continues to open the wounds of some past students who suffered such discrimination by the Methodist Church, founders of the government-funded school. Fathia Ayodele Kareem, who claims to have attended Wesley Girls Senior High School in Cape …

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Fuel prices to shoot up again from May 17

  Fuel prices are likely to be increased again from Monday, May 17, 2021. The increment is due to some new price changes made on the international market for the commodity, which was $520 per metric tonne but now pegged at about $545 per metric tonne. This translates to about …

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Jospong Signs MoU with US Company to Construct Waste to Energy Plant

The Jospong Group of Companies (JGC) has signed a Memorandum of Understanding (MoU) with McDavid Green Solutions (MDGS/MDPower LLC) of the United States of America (USA), for the construction of waste to energy plants across the country.   The first waste to energy plant – which will be sited in …

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VIDEO: Meet the man who wears suit and tie along with briefcase to sell ‘bofrot’

A businessman, believed to be Ghanaian, has been captured on camera rocking a suit and tie to sell buffloaf, popularly known as ‘bofrot.’ The man, who was neatly attired, was spotted by a woman in her vicinity, who called to buy from him. Impressed with how the man had branded …

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EU, partners hosts second multi-stakeholder roundtable on Cocoa

The Delegation of the European Union to Ghana, Ministry of Lands and Natural Resources and the COCOBOD have hosted the second multi-stakeholder roundtable on sustainable Cocoa in Accra The environmental sustainability of cocoa production is at the heart of the second online roundtable discussion organised in the framework of the …

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Government working on Amazon operating in Ghana – Finance Minister

The Ghana Investment Promotion Centre (GIPC) is working assiduously to attract Amazon to Ghana, Finance Minister, Ken Ofori-Atta, has said. According to the Finance Minister, the move was to deepen the technological entrepreneurial ecosystem for Ghanaian entrepreneurs. Addressing the country on the measures being introduced by the government to prop up …

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President Wades Into Citi FM Impasse

President Akufo-Addo has waded into the impasse generated by an allegation that a journalist of Accra-based Citi FM was manhandled by National Security operatives. To this end, he has directed his Secretary, Nana Bediatuo Asante, to intervene following which the scribe has already ‘reached out to the affected journalists to …

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