Business News of Wednesday, 24 May 2023 Source: www.ghanaweb.com play videoPresident Nana Addo Dankwa Akufo-Addo President Nana Akufo-Addo has stated that his government will work to ensure that Ghana meets all the conditions necessary to get the next tranche of the $3 billion loan facility from the International Monetary Fund. He said the government is putting in place structures that will enhance ...
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I have no problem with Chinese involvement in Ghana’s economy – Akufo-Addo
Business News of Thursday, 25 May 2023 Source: www.ghanaweb.com play videoPresident Nana Addo Dankwa Akufo-Addo President Nana Addo Dankwa Akufo-Addo has stated that he has no problem with the involvement and participation of the Chinese in Ghana’s economy. According to him, China has, through the years, become a reliable partner that has supported Ghana’s economy in very difficult and trying times. He made ...
Read More »E-levy rakes in 11% revenue for Q1 2023
Business News of Thursday, 25 May 2023 Source: thebftonline.com Mobile Money transactions in the first four months of 2023 has reached GH¢550.4bn At the 25 percent mark of the year, data from the Ghana Revenue Authority (GRA) reveals that the Electronic Levy (E-levy) generated GH¢246.9million in revenue, accounting for 11 percent of the projected GH¢2.24billion for the year. Since its implementation ...
Read More »We have to cut our coats according to our cloth – Akufo-Addo on government spending
Business News of Thursday, 25 May 2023 Source: www.ghanaweb.com President Nana Addo Dankwa Akufo-Addo President Nana Addo Dankwa Akufo-Addo has stated the government’s commitment to ensuring fiscal discipline for the economy to gain stability after the receipt of the first tranche of the $3 billion loan facility. He explained that the government is seeking to do this by increasing domestic savings and ...
Read More »Tina Turner, ‘What’s love got to do with it’ singer dies aged 83
Entertainment of Wednesday, 24 May 2023 Source: www.ghanaweb.com play videoThe late Tina Turner Legendary rock and soul singer Tina Turner has died at the age of 83, multiple media outlets have reported. The artiste, who overcame hardships and abuse to become one of the most popular artists of all time, was a strong voice with her back-to-back hits in the 60s ...
Read More »Godpapa and Lupita: Viral TikTok couple arrested by police
Entertainment of Thursday, 25 May 2023 Source: www.ghanaweb.com play videoGodpapa The Greatest and Empress Lupita have been arrested by the Tema Community 2 Police The Tema Community Police have arrested Godpapa The Greatest and Empress Lupita, a couple whose viral videos have been trending on social media in recent days. The couple went viral sensation after various videos of them engaged ...
Read More »Free SHS, all flagship programmes up for review – Government tells IMF
Business News of Thursday, 25 May 2023 Source: www.ghanaweb.com President Akufo-Addo and IMF boss, Kristalina Georgieva Government has told the International Monetary Fund that it will undertake a review of all government flagship programmes as part of the US$3 billion IMF bailout as government tries to find its way out of an economic crisis. In the May 2023 IMF report on ...
Read More »Positive signs for gross reserves – Analysts
Business News of Wednesday, 24 May 2023 Source: thebftonline.com Business News of Wednesday, 24 May 2023 Major trading currency, dollar The nation’s gross reserves are expected to experience potential growth following approval and funding received from the International Monetary Fund (IMF) for a US$3billion Extended Credit Facility (ECF) arrangement. According to the Bank of Ghana’s summary of economic and financial data, there was a ...
Read More »Ghana likely to lose mineral, electricity revenue to China due to loan defaults – IMF
Business News of Wednesday, 24 May 2023 Source: www.ghanaweb.com President Nana Addo Dankwa Akufo-Addo The International Monetary Fund (IMF) has disclosed that the Chinese government would likely have access to Ghana’s mineral revenue and electricity revenue due to the government of Ghana’s failure to honour its loan agreement. According to a news report by myjoyonline.com, the fund indicated that this might happen ...
Read More »China likely to seize Ghana’s mineral and electricity revenue over default of loans – IMF
Finance Minister Ken Ofori-Atta The International Monetary Fund (IMF) has disclosed that the Chinese government would likely have access to Ghana’s mineral revenue and electricity revenue due to the government of Ghana’s failure to honour its loan agreement. According to a news report by myjoyonline.com, the fund indicated that this might happen because the government of Ghana is at risk ...
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