BUSINESS

President Nana Addo Dankwa Akufo Addo, has given the assurance that government willoperationalise the National HIV and AIDS Fund to increase domestic resource mobilisation to improve care. The President gave the assurance following calls to re-activate the Fund to increase domestic resource mobilisation due to the recent upsurge in new …

Deputy Finance Minister, Dr John Kumah, has said that the current hardship in the country might be because the government over-relied on borrowing to run the economy. According to him, the government could have considered other alternatives to financing its projects and programmes aside from borrowing. “Maybe the levels of …

The Bank of Ghana (BoG) has announced an upgrade to the GH¢1 coin with some enhanced security features. “The upgraded GH¢1 coin is bi-metallic with an outer gold and inner silver. The coin has a pronounced rough edge and incorporates a latent image, which appears in a rectangular form below …

The Attorney-General, Godfred Yeboah Dame has in a legal opinion indicated that a mandatory Debt Exchange programme would be illegal. Finance Minister Ken Ofori-Atta on Monday announced domestic bondholders with the exception of Treasury bill holders will be affected by the debt exchange program. Per the arrangement, bondholders will get 0% interest …

International ratings agency, Moody’s has downgraded GCB Bank PLC’s (GCB Bank) global long-term local currency deposit ratings to Caa3 from Caa2. Moody’s investors also downgraded the bank’s long-term foreign currency deposit ratings to Ca from Caa2, its long-term Counterparty Risk Ratings (CRRs) to Caa3 from Caa2, its long-term Counterparty Risk …

Even though there was violence everywhere in the 1980s and 1990s, armed robberies in Ghana were extremely rare. Although I drove a cab and a trotro in Accra and Cape Coast, I never encountered any armed robbers there. It was after traveling from Ghana to Nigeria in the early 1980s, …

    The theme for this year’s celebration was “Accelerating Agricultural Development Through Value Addition”. This was celebrated on 2nd December 2022 in Koforidua in the Eastern regional capital.   Kingdom Exim Ghana Limited, a mother company of the kingdom Exim group, the leading West African based quality focused Agro …

The minority has threatened to disapprove the 2023 budget estimates, and debt restructuring until some five conditions are met by government. According to Haruna Iddrisu, they will not accept the debt restructuring programme announced by the finance minister. This comes after Finance Minister Ken Ofori-Atta announced that Ghana is embarking …

Several Ghanaians have thronged their various financial institutions to withdraw their savings and investments to avoid losing both their principal and interests. This panic withdrawal is based on reports that some customers of Databank and Ecobank have lost hundreds of cedis on their investments which has to an extreme affected …

An aspirant for the National Executive Committee membership of the National Democratic Congress (NDC), Wonder Victor Kutor, is predicting that the party will be in political office for at least 16 years if it wins the 2024 general elections . He said there is no doubt the NDC will form the …