Tag Archives: ECONOMIC

The economy is displaying promising signs of progress following a series of robust economic reforms aimed at achieving macroeconomic stability and sustainable growth, Dr. Leandro Medina – the IMF Resident Representative in Ghana, has said. The IMF Resident Representative highlighted the favourable outcomes of these reforms, shedding light on the …

Virginia Evelyn Palmer, the U.S. Ambassador to Ghana says the anti-LGBTQ+ bill before Ghana’s parliament will be detrimental to the country’s international trade prospects if eventually passed. In an interview on TV Africa’s Breakfast Live show with host Dennis Osei Gyamfi, the diplomat said the passage of the bill will …

A man in Mombasa, Kenya, set himself on fire on Thursday in a protest against Kenya’s economic difficulties. He climbed a statue in a busy area and ignited himself, supposedly to highlight the tough economic situation. Many Kenyans are struggling due to high living costs, reduced business activity, and job …

A group of discontented Ghanaian youth have taken their frustration to the streets, targeting the statue of former President Edward Akufo-Addo, father of current President Nana Addo Dankwa Akufo-Addo. The incident, captured on video, shows the young men slapping a sculpture of Edward Akufo-Addo, who served as Ghana’s president from 1970 to …

The Deputy Minister of Education in charge of Technician and Vocational Education Training (TVET), Gifty Twum-Ampofo has made a paradoxical statement that teachers must be blamed for the current economic challenges facing the country and not the Finance Minister, Ken Ofori Atta. Gifty Twum-Ampofo explained that for any country’s economy …

Dorothy Ofori Sarpong, the leader of the school feeding caterers, has revealed the dire consequences faced by some of the caterers under the programme due to debts, resulting in a few even fleeing their homes to escape their creditors. She revealed that the distressing situation has led to one person …

The country is on the brink of entering a period characterised by market stability and diminished uncertainties, following the International Monetary Fund’s (IMF) approval of the US$3 billlion deal. The expected disbursement of around US$600million through the IMF programme, along with other anticipated concessional inflows, is anticipated to significantly bolster the …

A 45-year-old father of nine children has allegedly committed suicide due to financial stress. He left his wife in shock in Adankwame in the Atwima Nwabiagya North District of the Ashanti Region. According to locals in the region, Kwasi Agyei had been moaning about economic problems and his incapacity to …

The government is estimated to save almost 50 billion Ghana cedis this year from the suspension of external debt service payments and the domestic debt exchange programme, former President John Mahama has said. This windfall and a reduction of government expenditure, he noted, “could have been used to reduce the …

The United States has warned of possible economic sanctions if Uganda’s anti-Lesbians, Gay, Bisexual, Transgender, Queer (LGBTQ+) legislation is signed into law. The United Nations and the United States led calls Wednesday (March 22) for Uganda’s President Yoweri Museveni to reject what they have labelled an “appalling” anti-gay bill. “We …