Author: Admin
Our growth prospect remains positive,” Prof Quartey said, adding that Ghana could surpass the IMF’s latest 4% forecast with effective fiscal oversight.
Newmont’s Akyem operation, located in the Birim North District of the Eastern Region, improved on last year’s ranking, placing fourth overall and third in the extractive sector.
With Ghana currently spending around $400 million monthly on fuel imports from Europe, Dr. Hamid expressed optimism that accessing Nigeria’s production could cut costs.
Subsequently, Benjamin Nsiah, Executive Director of the Center for Environmental Management and Sustainable Energy (CEMSE), in a recent interview also pointed to severe financial constraints in Ghana’s energy sector as the cause of the ongoing intermittent power outages, commonly referred to as “Dumsor.”
This adjustment suggests a cautious pivot by insurers, responding to the DDEP’s financial impact.
We have $7 billion in foreign exchange reserves. If I want to drive the dollar-cedi rate to GHS 10, I can do that tomorrow.
The Second Deputy Governor of the Bank of Ghana (BoG), Elsie Addo Awadzi, has called for greater efforts to promote gender-inclusive finance, urging more women to actively participate in Ghana’s financial system. Ms Awadzi emphasised that beyond encouraging women to open bank accounts, there should be incentives for them to use these accounts to grow their businesses. Speaking as Chair of the Alliance for Financial Inclusion’s (AFI) Gender Inclusive Finance Committee, she highlighted the need for more targeted financial policies that enable women to access affordable loans and other financial services. “A lot of progress has been made in getting…
A coalition of 14 prominent Civil Society Organisations (CSOs) has initiated legal action against the state-owned Electricity Company of Ghana (ECG) and Fidelity Bank Ghana, alleging procurement breaches. According to a statement issued on October 24, 2024, the civil lawsuit, filed at the Accra High Court, seeks declarations regarding what it describes as opaque financial arrangements involving millions of dollars between the power distributor and one of Ghana’s leading private banks. The 14 CSOs argue that ECG’s arrangement with Fidelity Bank as its “single account” custodian and the associated multi-million dollar forex transactions should have adhered to regulations under the…
Minister of Food and Agriculture, Bryan Acheampong, has urged the adoption of digital farming techniques to enhance agricultural productivity. He said that digital innovation was driving an agricultural revolution, with technologies such as artificial intelligence significantly transforming farming practices and optimizing food production. In a speech read for him at the Fifth Department of Development and Social Services (DDSS) Consultation of the Presbyterian Church of Ghana at Abokobi near Accra, the minister noted the potential benefits of modern technology in farming practices. He emphasised that the integration of innovative technologies was facilitating the rapid digitalization of agriculture. The event was…
A joint report released by IMANI Africa and Oxfam Ghana has revealed that Ghana lost over GH¢4.9 billion due to financial irregularities in 2023. Presenting the findings of the report, a Senior Research Associate at IMANI Africa, Dennis Asare mentioned that these lost funds could have been channeled to social intervention programs that have often received less funding during the period. Asare noted that programs such as Livelihood Empowerment Against Poverty (LEAP) and the Ghana School Feeding Program, among others, continue to struggle financially, impacting vulnerable groups. Additionally, Dennis Asare labeled the Ministry of Finance (MoF) as the most fiscally…