Tag Archives: Policy

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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BoG maintains Policy rate at 19%

The Bank of Ghana (BoG) has maintained the policy rate at 19%. Addressing the media on Monday, July 25, 2022, after the Monetary Policy Meeting, the Governor, Ernest Addison disclosed that one of the reasons for maintaining the rate among other things has to do with how inflation has persisted …

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World Bank recommends policy reforms to enhance Ghana’s trade flows

The World Bank says that additional policy reforms in investment and trade facilitation can further enhance trade flows between Ghana and the rest of the sub-region. In its Ghana Trade Competitiveness Diagnostics report, it urged the Government to among other things, take either administrative or regulatory steps to reduce port …

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Gov’t cancels guarantor policy to access student loan

Government has cancelled the policy which required students to provide three guarantors to secure a loan. Ghanaian tertiary students will no longer require three SSNIT contributors as guarantors before they can secure student loans to pursue tertiary education. Prior to election 2020, the New Patriotic Party (NPP) promised to cancel …

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Gov’t launches ‘No Guarantor Student Loan’ policy

Government has cancelled the policy which required students to provide three guarantors to secure a loan. Ghanaian tertiary students will no longer require three SSNIT contributors as guarantors before they can secure student loan to pursue tertiary education. Prior to election 2020, the New Patriotic Party (NPP) promised to cancel …

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Cedi to stabilise as policy rate hikes take effect

EU sanctions on Russian banks are exacerbating Africa’s growing food crisis by making it difficult to pay for wheat exports, according to African Union chair and Senegal President Macky Sall. He told EU leaders that the worst is still ahead if global food supply issues persist. The food crisis has …

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Bank of Ghana increases policy rate from 17% to 19%

The Bank of Ghana Monetary Policy Committee has reviewed the policy rate by 200 basis points from 17 percent to 19 percent. Governor of the central bank, Dr. Ernest Addison speaking at a press conference on Monday May 23 explained the move is meant to stem inflation which has been surging in recent …

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Monetary policy rate reviewed upwards to 17%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate by 250 basis points from 14.5% to 17%. This comes after the Committee of the Bank of Ghana, held its 105th meeting from Wednesday, March 16, to Friday, March 18, 2022, to review economic developments of the …

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No mandatory Covid-19 policy in Ghana – Gov’t

Presidential Advisor on Health, Dr. Anthony Nsiah-Asare Government says there is no official mandatory COVID-19 vaccination policy in Ghana. According to government, although its position with regards to COVID-19 vaccination is backed by data, “there is no current mandate requiring mandatory vaccine rollouts within the country.” This was contained in …

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BoG maintains policy rate at 14.5%

  The Bank of Ghana has maintained the monetary policy rate at 14.5%. This is the second time the Bank of Ghana has decided to keep its lending rate to commercial banks in the country. In a press release dated 31st January 2022, the BoG further stated the spillover of …

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