The Social Security and National Insurance Trust (SSNIT) has increased monthly pensions by 10% for the year 2021. In a public notice SSNIT said the increment means all pensioners on the SSNIT Pension Payroll as at December 31, 2020, will have their monthly pension increased by a fixed rate of …
Read More »Akufo-Addo faces stern economic test
President Nana Addo Dankwa Akufo-Addo will start his final four-year tenure on January 7 with his task on the economy well cut out for him. He will be expected to lead the revival of an economy that has been pushed into its first recession in almost 40 years, prune down public spending …
Read More »54 out of 55 countries have signed AfCFTA agreements – Secretary-General
Secretary-General of the African Continental Free Trade Area, Mene Wamkele, has disclosed 54 out of 55 countries have signed onto the single market trade pact. According to him, 34 countries have also deported their instruments of ratification with Nigeria being the latest to do so as of December 5, 2020. …
Read More »BoG clean-up: Many banks were running glorified ponzi schemes – Akufo-Addo
The president has likened the previous operations of the many dissolved financial institutions to that of a Ponzi scheme. President Nana Addo Dankwa Akufo-Addo reiterated that his administration upon assuming power observed that many banks were in distress and had been kept on “unsustainable and artificial life support by the central bank.” …
Read More »Ghana bags $2.89bn in non-traditional Exports
Ghana bagged $2.89 billion from Non-Traditional Exports (NTEs) in 2019 according to figures from the Ghana Exports Promotions Authority (GEPA). The 2019 non-traditional exports earnings was 3.10 per cent higher than that of 2018 which was estimated at $2.83 billion. According to GEPA, non-traditional exports accounted for 8.53 per cent …
Read More »AfCFTA will revive coronavirus-hit Africa – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has said the implementation of the African Continental Free Trade Area (AfCFTA), will put African countries back on track after being hit by coronavirus pandemic. According to him, the African trade deal will be a game-changer because it has the potential to stimulate intra-Africa trade Addressing the …
Read More »IMF spent $11.3bn on Ghana, other low-income countries to tackle covid
The International Monetary Fund (IMF) has announced about $91 billion in financing to 80 countries, including $11.3 billion to 48 low-income countries since the onset of the pandemic in late March and as of September 15, 2020. Out of this lending, the IMF channeled $30 billion (equivalent to SDR 21.2 …
Read More »8 ways to avoid cashflow problems in your business
If you’re going to do well, you’ve got to learn how to avoid cash flow problems in business. Cash flow is the most important thing in business. The moment cash stops flowing, your business starts dying. Just knowing how to sell and market your product is not enough, you also …
Read More »Tommy Docherty: Former Man Utd and Scotland boss dies
Former Manchester United and Scotland manager Tommy Docherty has died at the age of 92 following a long illness. As a player, Glasgow-born Docherty made more than 300 appearances for Preston and won 25 caps for Scotland. He went on to manage 12 clubs, leading Chelsea to League Cup success …
Read More »African free trade bloc opens for business, but challenges remain
African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year’s Day launch as largely symbolic with full implementation of the deal expected to take years. The African Continental Free Trade …
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