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The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 14.5 percent. Governor of the Bank of Ghana Dr Ernest Addison said at the MPC press conference in Accra on Monday, November 23 that “The Committee noted that inflation has eased following the spike to 11.4 percent. At 10.1 …
Read More »Rawlings’ family welcomes decision to name UDS after him
The family of the late former President Jerry John Rawlings has welcomed any decision to name the University for Development Studies (UDS) after him. According to the family, it has never been against such a ‘forward-looking’ decision, thus, it welcomed the naming of the institution after him. “We have quickly …
Read More »Ghana records $1.7bn trade surplus in 10 months
The country recorded a strong trade surplus in the 10 months of this year. According to the Summary of Economic and Financial Data by the Bank of Ghana, the nation recorded $1.7 billion dollars trade surplus, about 2.6% of Gross Domestic Product in October 2020. The trade surplus is bigger …
Read More »CAF president Ahmad Ahmad banned five years by FIFA
Confederation of African Football (CAF), President Ahmad Ahmad has been given a five-year ban by the world governing football body, FIFA after being found guilty of receiving gifts and misappropriation of funds. The adjudicatory chamber of the independent Ethics Committee has found Ahmad Ahmad, the President of the Confederation of …
Read More »Ghana’s public debt exceeds sustainability threshold
As widely expected Ghana’s public debt has now passed the generally accepted sustainability threshold of 70 percent of Gross Domestic Product, the GHc273.8 billion in total debt by the end of September translating to 71.0 percent of GDP. This is up from GHc209.1 million a year previously by which time …
Read More »Ghana, Ivory Coast Fix Cocoa Prices To Stop Exploitation Of Farmers
Ghana and Cote d’Ivoire have set their own prices for cocoa to counter unfair trade in the international market. To overcome control by multinational foreign companies, the two countries partnered in 2019 and agreed on new market price for cocoa at US$2,600 per tonne, with a living income differential of …
Read More »Farmers benefit from coronavirus response under TAAT programme
Over 20, 000 smallholder farmers have been supported to cultivate about 38, 000 hectares of maize and soya, Mr Felix Ngmenkaara Darimaani, the National Programme Coordinator of the Savannah Zone Agricultural Productivity Improvement Project (SAPIP) has said. He said under the COVID-19 response strategy of the programme, 15,000 farmers were …
Read More »Deception, huge consumption spending killing Ghana’s economy – Terkper
Finance Minister, Seth Terkper, has said the current Finance Minister’s penchant to churn out questionable figures during budget presentations so his books will look good, is contributing to Ghana’s troubled economy. According to him, because Ken Ofori-Atta usually fails to provide the true figure of, for instance the budget deficit, the financial system …
Read More »BizTech: Turquoise Couture, the brand changing the fashion game in Ghana
The Ghanaian fashion industry keeps growing day by day. As a result, fashion designers try their very best to keep up with new trends to stay in business. Chief Executive Officer of Turquoise Couture, Belinda Ofori, in an interview on GhanaWeb’s BizTech programme revealed how she protects her brand to …
Read More »Ghana’s to get Consolidated National Conservation Agriculture manual soon
Ghana will soon get a Consolidated National Conservation Agriculture manual that will review the myriad of existing Conservation Agriculture manuals and develop a standardized one to serve as a one-stop reference document for stakeholders. Conservation Agriculture is a sustainable approach to agricultural production aimed at protecting soil from erosion and …
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