The International Monetary Fund (IMF) has given Ghana’s economy a clean bill of health. According to an IMF team which is in the country for Article 4 Consultations, Ghana’s economy remains favourable. The team on Wednesday met with the Finance Committee of Parliament as part of its mission. The discussions, amongst others, centered on macroeconomic performance, revenue mobilisation, the financial ...

The government’s flagship programme the One district-One factory, which is to create jobs and alleviate the rate of poverty in the districts and communities, is beginning to gain grounds. The Alliance for Development and Industrialisation (ADI) has found out that the Ekumfi Juice Factory, which is near completion, will create 5000 direct out grower jobs within the community and its ...

Chief Executive Officer of the Ghana Exim Bank, Lawrence Agyisam says 90% of monies has been disbursed to ensure that two factories under the One District One Factory project in the Central Region is opened by December 2019. “As we speak now the Bank has disbursed about almost 90% of monies. Out of GHc14.4 million, we have disbursed almost GHc11. ...

An International Monetary Fund (IMF) mission is in currently in Ghana to have discussions with officials of the Government of Ghana, a statement by the Ministry of Finance, has said. This meeting will be the first since Ghana successfully exited the IMF, the statement said. “An international monetary fund (IMF) mission is visiting Ghana from Monday 30th September – Friday, ...

The Enterprise Group has dismissed claims that 51 percent shares of the Power Distribution Services (PDS) have not been diverted to the company. The claim was made by Energy expert, Kwame Jantua, who questioned how the 51 percent PDS stake given to Association of Ghana Industries (AGI) to collate Ghanaian businesses to buy was diverted Enterprise Group. “I’m waiting to ...

Discontented contractors who postulated that Ghana First Company Limited has refused to pay them for 60% of work done have failed to show up when the company gave the leeway for those within the category to show up for their claims. Reports emerged earlier this week that some contractors of the multinational company are aggrieved for not being paid for ...

The Bank of Ghana has warned against the pricing, advertising and receipt or payment for goods and services in foreign currencies. This is the third time this year the BoG has issued the notice prohibiting the act after similar calls in April and May. Some institutions and individuals trade in foreign currencies which are without authorisation according to the BoG. ...

Gideon Boako, a spokesperson for the Vice President, has rejected claims that government’s indebtedness to GN Savings and Loans Company caused its collapse. The Chairman of Groupe Nduom, Dr. Paa Kwesi Nduom had alleged that government’s failure to pay contractors who owed him caused his company’s demise. Former President John Dramani and some residents of Elmina in the Central Region ...

As part of the processes initiated by the President and Chairman of Groupe Nduom (GN), Dr. Papa Kwesi Nduom through the Gold Coast Fund Management (GCFM) in court to recover investment funds and pay aggrieved customers of their locked-up investments, a list of companies and individuals indebted to GCFM has been released. The list includes construction companies and top firms ...

The Ghana Standards Authority (GSA), has charged the public to desist from buying food commodities from traders who are stacked with old systems of measurement and weighing – ‘Olonka’. According to the Director of Public Relations at the GSA, Dr Kofi Amponsah-Bediako, every trader is supposed to use calibrated devices to measure or weigh items for buyers in other to ...