BUSINESS

Liverpool midfielder Fabinho’s home was burgled as the footballer celebrated the team’s Premier League win. Thieves broke into the Brazilian’s home on the day the Reds were presented with the trophy for their first top-flight win in 30 years. Items of jewellery and an Audi RS6 were stolen during the raid …

Government of Ghana has spent an amount of GH¢13.6 billion in the first quarter of 2020 as a result of the financial sector clean-up exercise undertaken by the central bank, the Bank of Ghana (BoG). According to the Finance Minister, Ken Ofori-Atta, the said amount, representing 3.5 percent of Gross Domestic Product (GDP), …

ome members of the Ghana Union of Traders Associations (GUTA) on Friday, July 24, 2020, clashed with Nigerian traders who are operating illegally at the Kwame Nkrumah Circle despite GUTA’s directive for them to remain closed until they provide legal documents. The scuffle once again was about the infiltration of …

The government’s programme of subsidizing electricity consumption for the next three months is estimated to cost 60 million Ghana cedis, Deputy Minister for Energy, William Owuraku Aidoo has disclosed. President Akufo-Addo in April this year announced the reduction of electricity tariffs by half and provision of potable water for free …

A former Deputy Minister of Finance Casiel Ato Forson, has said the mid-year budget statement presented to parliament on Thursday July 23 by Finance Minister Ken Ofori-Atta is disappointing. He said there is nothing good in the budget for the ordinary Ghanaians. “I am disappointed as a Ghanaian and I am disappointed …

Markets and lorry parks in the Ahafo Region on Thursday had their turn of the on-going second nationwide disinfection, fumigation and clean-up exercise, aimed at curbing the spread of the novel coronavirus disease of 2019 (COVID-19) epidemic in the region, and the country as a whole.   In all, a …

Finance Minister Ken Ofori-Atta will Thursday morning be in Parliament to present the Mid-year and Supplementary Budget Review. On July 15, he presented the draft statement to the Cabinet for approval. Joy Business understands Cabinet meeting made a number of suggested changes to the draft statement for the Finance Minister …

Former Finance Minister, Seth Terkper has alleged that the government’s continuous borrowing from international firms is to fund the upcoming December polls. According to him, despite the government’s efforts to fight against the global pandemic – coronavirus- they need to focus on cutting down their expenditure. This, he says, when done will …

The Economist Intelligence Unit (EIU) has hailed government’s industrialisation drive under its flagship One District One Factory intiative, as well as the banking sector clean up. In the EIU’s latest country report on Ghana in which it partly analysed the impact of the Coronavirus pandemic on the Ghanaian economy and …

CRISIS TO RECOVERY STRENGTHENING ECONOMIC INSTITUTIONS IN SUB-SAHARAN AFRICA DURING COVID-19 SPEAKING NOTES FOR IMF WEBINAR DR. MAXWELL OPOKU-AFARI, FIRST DEPUTY GOVERNOR, BANK OF GHANA JULY 22, 2020 1. Introduction The global economy is going through extraordinary times, requiring even more exceptional responses. Policy response has been swift and decisive in …