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Dr Johnson Asiamah who previously served as a Second Deputy Governor of the Bank of Ghana between 2016 and 2017, holds a PhD in Economics from the University of Southampton, UK and has extensive experience in monetary policy formulation, financial stability regulation and economic research having worked at the central bank for over 23 years.
Vice President Prof Naana Jane Opoku-Agyemang has called on African leaders to demonstrate strong collective will and take decisive action to ensure the successful implementation of the African Continental Free Trade Area (AfCFTA). Speaking at the Africa Prosperity Dialogue (APD 2025) on Thursday, January 30, 2025, at the Accra International Conference Centre, Prof. Opoku-Agyemang addressed over 4,000 delegates and more than eight Heads of State, emphasizing that AfCFTA presents a transformative opportunity for Africa’s economic growth. However, she stressed that its success hinges on the commitment and collaboration of all stakeholders “The success of the single market depends on…
Economist Professor Godfred Bokpin has urged the government to adopt a long-term strategy to ensure sustainable economic stability beyond the current US$3 billion International Monetary Fund (IMF)-supported program. The agreement, endorsed by all 25 members of Ghana’s Official Creditor Committee, offers fiscal breathing space as the country works to implement recovery measures.Authentic Ghanaian cuisine recipes However, Professor Bokpin warns that fiscal vulnerabilities could resurface after the IMF program concludes unless proactive measures are taken. “Anytime we are under an IMF-supported program, we tend to achieve macroeconomic stability, but right after the program, vulnerabilities begin to show up,”…
President John Mahama has sworn in the eight-member committee he has established to review the country’s 1992 constitution. At a ceremony held at the Jubilee House on Thursday last week, Attorney General and Minister of Justice, Dr Dominic Ayine urged the committee members to perform their duties excellently, noting they had been carefully selected for the task. “You have been carefully selected for this important work on behalf of our country. The easier part of the job is to follow the prescribed method for altering the constitution. The more challenging aspect, and I can say this without fear…
The vetting of President John Dramani Mahama’s ministerial nominees has proved to be a hot bed for political controversy. The opposition New Patriotic Party has seemingly targeted the most outspoken ministerial nominee critics of its recently outgone Nana Akufo Addo administration, taking them up on public statements made against the previous government rather than seeking to assess their professional competence for the positions to which they have been nominated. In response some National Democratic Congress members reacted very strongly – indeed overly so – at last week Thursday’s vetting session, leading to unpalatable scenes of violence in Parliament. Normally, this…
The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has laid out a comprehensive plan to maximize the benefits of the African Continental Free Trade Area (AfCFTA). During her vetting last week, she addressed key challenges and opportunities and noted the need for capacity building, policy synchronisation, and stronger diplomatic engagement to ensure Ghana and its neighbours thrive within the trade bloc. With AfCFTA representing a market of 1.4 billion people and a total GDP of $3 trillion, Madam Ofosu Adjare expressed optimism about its economic potential for member states. “It is excellent that we leverage AfCFTA because if we…
Colleagues from Absa Bank Ghana’s Finance and Legal team have donated braille laptops to the visually impaired students of Okuapemman Senior High School (SHS) to enhance their technological skills. This initiative is part of the bank’s ongoing Citizenship and Colleague Volunteerism efforts. The donation aims to equip young students with the tools to succeed in a technology-driven world. Speaking at the event, the Headmaster of the school, Rev Richard Koranteng Afari, revealed that the institution currently has an enrolment of 3,500 students, including 49 visually impaired learners. He expressed gratitude for Absa Bank’s continued support. “We are striving to…
Fidelity Bank has refuted allegations of seizing funds amounting to US$25 million from the Minerals Income Investment Fund (MIIF). A statement issued by the bank on its social media page explained that “the bank facilitated a pre-settlement of a forex transaction expecting the MIIF to fulfill its obligations within the agreed timelines. “However, MIIF experienced delays in settling their portion of the transaction in forex. Subsequently, MIIF took the necessary measures to address the overdue amount and fulfill their commitments under the agreement”, the statement said. Earlier reports suggested that in 2024, the MIIF operating under the Ministry of Finance,…
Business leaders and supply chain experts will gather April 29-30 at the Fiesta Royale Hotel in Accra, Ghana, for CARISCA’s second annual Supply Chain Business Forum and Exhibition. Over the two days, keynote speakers and panellists will lead discussions on the theme “Fuelling Africa’s Growth: Supply Chain Innovation and Financing.” The goal of the forum is to enhance supply chain management practices across the continent. The event is targeted at business and industry leaders and academics with strong business ties or who conduct applied research that can enhance supply chain management practices in Africa. The inaugural event, held in July…
In an ambitious push to achieve universal electricity coverage, the Government of Ghana introduced the Self-Help Electrification Program (SHEP) meters, deploying millions across the country. This move, though laudable in its intent to extend electricity to underserved communities, has proven to be poorly coordinated and detrimental to the finances of the Electricity Company of Ghana (ECG). The lack of strategic planning, oversight, and follow-up in capturing these meters into ECG’s billing database has inadvertently led to widespread revenue losses, unchecked electricity consumption, and exacerbated inefficiencies across the electricity distribution system. SHEP was designed with the noble objective of bridging…