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Tag Archives: Policy

BoG hikes policy rate by 250 basis points, stands at 27%

The Bank of Ghana has hiked the monetary policy rate by 250 basis points from 24.5 percent to 27 percent. Chairman of the Monetary Policy Committee and BoG Governor, Dr. Ernest Addison said the decision is expected to anchor inflation expectations in the country with the figure standing at 40.4 percent in October 2022. …

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Dr Kofi Amoah raises major concerns about Ghana’s gold for import policy

Business magnate and economist, Dr Kofi Amoah, has said there are serious considerations to make if Ghana is to embark and fully implement its new policy of paying for oil and other essential imports with gold instead of US Dollars. The vice president, Dr Bawumia, recently announced the policy, claiming …

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Policy Rate hike will further exacerbate inflation – AGI

The Association of Ghana Industries AGI says the recent increase in policy rate by the Bank of Ghana will further exacerbate the country’s inflation contrary to what the central bank envisaged. The Monetary Policy Committee (MPC) of the Bank of Ghana on Thursday October 5, 2022 announced increased in the Policy Rate …

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Cylinder Recirculation Policy set to commence by end of December 2022 – NPA

The National Petroleum Authority (NPA) is set to commence the Cylinder Recirculation Policy in key parts of the country by the end of December this year. The Chief Executive Officer of the Authority, Dr. Mustapha Abdul-Hamid, explained that development is expected to improve operations after a long wait amid the …

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Nigeria Police force suspend two female officers for violation of social media policy

Yesterday, the Nigerian police force through the Force Public relations officer, Olumuyiwa Adejobi, shared in his social media page yesterday that two female officers were suspended for indiscipline act and the violation of rules guiding the Police department.On his page, he said the inspector general of Police, IGP Usman Alkali Baba …

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Vehicle and asset dealers at odds with govt over new policy on vehicle importation

The Vehicle and Asset Dealers Union has spoken out against a ban on the importation of vehicles used between 0 and 5. Mr. Frank Atanley Kofigah, Executive Secretary of the Union, told Kwabena Agaypong, host of Frontline on Rainbow Radio 87.5Fm, that there is an attempt to deprive them of …

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BoG increases Policy Rate to 22%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has, at an emergency meeting held on Wednesday August 17, increased the Policy rate from 19 to 22 per cent. Governor of the BoG Dr Ernest Addison said recent developments in the foreign exchange market showed elevated demand pressures, reflecting among …

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Free SHS: Let’s support government for continuous running of the policy – Concerned Parents

A pressure group, calling itself Concerned Parents for Free Senior High School Policy (FSHS), has called on the public to support government for the continuous running the Free SHS policy amidst global economic crisis as Ghana heading to IMF..   The group in a press release dated August 13, 2022 …

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EC declares “No Ghana Card, No Voting” policy

The Electoral Commission (EC) has declared a “No Ghana Card, No Vote” policy. That was communicated by The Deputy Chairman of the Electoral Commission (EC) in charge of Corporate Services, Dr Bossman Asare. According to him, without the Ghana Card, an individual will not be allowed to register to vote in …

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NDC’s Peter Boamah Otokunor receives PhD in Agric Economics and Policy

Peter Boamah Otokunor, the deputy General Secretary of the National Democratic Congress, NDC, has officially earned the tile of ‘Doctor.’ This was after he graduated from the University of Ghana with a doctorate degree in Agric Economics and Policy. He was one of graduands who were conferred with their titles …

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