The International Monetary Fund (IMF) has announced about US$91 billion in financing to 80 countries, including US$11.3 billion to 48 low-income countries since the onset of the pandemic in late March and as of September 15, 2020. Out of this lending, the IMF channeled US$30 billion (equivalent to SDR 21.2 billion) in financing to 69 countries through emergency lending facilities. ...

The Institute for Energy Security (IES) has said it is sceptical about the Akufo-Addo administration’s renewed promise to supply electricity to all by the end of its second term. This comes after President Akufo-Addo in his inaugural speech during his swearing-in last week disclosed of government’s commitment to extend electricity supply to communities lacking. In a statement issued, the IES ...

About 1.5 million out of the six million eligible Ghanaian taxpayers pay tax, allotting Ghana one of the lowest tax to Gross Domestic Product (GDP) ratio in Africa. Ghana, therefore, has a lot to do to meet the Sub-Saharan average target of 17 per cent which is above the nation’s 13 per cent mark as her various governments have over ...

Ghana and the United Kingdom have reached a consensus on the main elements of a new trade agreement. This consensus was reached after Alan Kyerematen, Ghana’s Minister of Trade and Industry and the Rt Hon Liz Truss MP, UK Secretary of State for International Trade met via video conference Thursday December 31. A statement said “Today we are pleased to ...

The One District One Factory Secretariat asserts that the year 2020 with the absence of the deadly COVID-19 pandemic that ravaged the world would have been a wonderful year to be told in the history of industrialization in Ghana. In an end of year assessment, the Public Relations Officer of the Secretariat, Mr Kwaku Gyasi states that the government agency ...

After more than a year of closing its frontiers to stop the smuggling of products from neighbouring West African states into the country, President of Nigeria, Muhammadu Buhari has stated that Nigeria is looking to reopen its borders ‘as soon as possible’. This is according to the Prime Premium Times website. Mr. Buhari stated this during a meeting with governors ...

A cohort of 500 Kayayei (female head porters), have been empowered under the United Nation Population Fund’s (UNFPA), ‘Kayayei Assistance Project’ (KASPRO), to lessen their vulnerability and position them towards self-development. The beneficiaries, who were selected from the Tema Station area in Accra, were provided with education on Sexual and Reproductive Health Right (SRHR); Sexual and Gender-Based Violence (SGBV); Vocational ...

African leaders have approved that trading should start on 1 January next year as scheduled on the African Continental Free Trade Area (AfCFTA) agreement and requested African financial institutions to provide technical and financial support for its implementation. “We call on women, youth, businesses, trade unions, civil society, cross border traders, the academia, the African Diaspora and other stakeholders to ...

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has assured residents of Nyinahin, and, indeed, all Ghanaians, that the country’s bauxite deposits will be exploited for the benefit of all Ghanaians, and not owned by just one person. Addressing residents of Nyinahin, in the Atwima Mponua constituency, on Wednesday, 2nd December 2020, the President stated that the Ghana integrated ...

Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said the government was very swift in its response to the effect of theCoronavirus pandemic on the local economy. He said also that president Nana Addo Dankwa Akufo-Addo provided excellent leadership by rising up to the challenge that the Pandemic had brought to the economy. Dr Addison explained that ...