Business

FULL TEXT: Akufo-Addo delivers final address on COVID-19, provides IMF deal update

Business News of Monday, 29 May 2023 Source: www.ghanaweb.com   play videoPresident Nana Addo Dankwa Akufo-Addo President Nana Addo Dankwa Akufo-Addo delivered his last address to the nation on the COVID-19 pandemic on Sunday, May 28, 2023. The address significantly saw the president announce the official end to the pandemic in Ghana since its outbreak in March 2020. The president also updated the ...

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We have 19 months to bring economy back on track – Akufo-Addo

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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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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‘PetroSA deal is absurd and scandalous’ – NAPO calls out Freddie Blay, GNPC

General News of Tuesday, 23 May 2023 Source: www.ghanaweb.com The Minister for Energy, Dr. Matthew Opoku Prempeh, alias NAPO, has called out the Board Chairman of the Ghana National Petroleum Corporation (GNPC), Freddie Blay, over the PetroSA deal, which seeks to offload some of Ghana’s oil interests to the South African National Company (PetroSA). According to The Chronicle newspaper, NAPO, in a ...

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