Browsing: Economy
President of the African Refiners & Distributors Association (ARDA), Dr Mustapha Abdul-Hamid chaired the organization’s highly anticipated Executive Committee Meeting…
Samuel Nartey George, the Minister nominee for Communications, Digitalisation and Innovation, has asserted that financial technology (fintech) is central to…
President John Dramani Mahama recently hinted at the adoption of Islamic banking during the National Thanksgiving Prayers with Muslims at the National Mosque. This came as an assuring moment to the finance industry.
Hon. Emelia Arthur, who officially commenced her duties last week, announced a clear vision for the sustainable growth of Ghana’s fisheries and aquaculture sector in a meeting with the management teams of the Ministry, the Fisheries Commission and the Premix Fuel Secretariat to share her vision and expectations.
The findings in the report underscore the widespread prevalence of illicit financial flows at key stages in the gold mining process chain: mining, processing, transportation and marketing.
Dr. Ato Sarpong’s commitment to excellence has earned him recognition and respect from party faithful’s and Ghanaians at large, and this appointment is a well-deserved acknowledgment of his hard work and expertise”, the Central regional branch Organiser of the NDC, Mike Derry extolled.
The Bank of Ghana’s Gold for Oil Policy and Domestic Gold Purchasing Programme contributed significantly to this through the strategic accumulation of gold.
This performance was driven mainly by higher gold and crude oil exports, as well as strong remittance inflows.
But the main driver of the improved overall merchandise trade performance was the substantial 21.1% increase in Ghana’s exports last year to US$20,221.0 million, up from US$16,703 million in 2023. However this increase was entirely fuelled by a 53.2 % increase in gold exports from US$7,600.8 million in 2023 to US$11,641 million in 2024.
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.