Monthly Archives: September 2022

Government assures of financial sector safety

Business News of Thursday, 29 September 2022 Amid discussions on a sustainable debt path for the country, Finance Minister Ken Ofori-Atta has assured that the domestic financial sector will be protected during discussions at IMF negotiations. Currently, the International Monetary Fund (IMF)/World Bank and the Ghana Team are undertaking a debt sustainability analysis (DSA) to inform the programme negotiations, given that having a sustainable ...

Read More »

Bawumia urges balance, expeditious exploitation of petroleum

Business News of Thursday, 29 September 2022 The country will continue to accelerate production and utilization of its oil and gas reserves while striking a balance between its social, economic and environmental requirements and emissions, Vice President Dr. Mahamudu Bawumia has said. “Ghana has set a target of 2070 to fully transition from fossil fuels to renewable energy. “So, even though as ...

Read More »

Ofori-Atta outlines 7 pillars hinged on Ghana’s potential IMF programme

Business News of Wednesday, 28 September 2022 Finance Minister, Ken Ofori-Atta, has outlined a number of pillars which will be hinged on Ghana’s possible economic support programme from the International Monetary Fund. Ghana is currently holding negotiations with officials from the Fund who arrived in Accra-Ghana on September 26. The country is targeting US$3 billion from the Bretton Woods institution once an ...

Read More »

Every bullet, every bomb that hits Ukraine; hits our pockets – Akufo-Addo at UNGA

Business News of Thursday, 22 September 2022 President Nana Addo Dankwa Akufo-Addo has reiterated the impact of the Russia-Ukraine war on the global economy,, more especially on African countries. The president holds that the war which started in February 2022 aggravated an already precarious situation for African economies that were starting to recover from the effects of the COVID-19 pandemic. Akufo-Addo said the ...

Read More »

comI don’t think Mahama understands the judicial system – Sam Okudzeto on call for new CJ

Former President of the Ghana Bar Association, Sam Okudzeto, has said that former John Dramani Mahama does not understand Ghana’s judicial system. His comment comes on the back of Mahama’s call for a new Chief Justice to restore the dwindling public confidence in the judiciary. In an interview on Upfront, a programme on Accra-based Joy News, Sam Okudzeto jumped to the defense of the ...

Read More »

Krijg een indicatie van uw gas- en stroomrekening

Een doorsnee huishouden zal volgend jaar door het prijsplafond maximaal 294 euro per maand betalen voor gas en stroom, blijkt uit berekeningen van Milieu Centraal. Voor wie meer gas verbruikt dan 1200 kubieke meter per jaar en meer dan 2400 kilowattuur stroom zal de rekening hoger uitvallen. Vul uw jaarverbruik in en krijg een indicatie van het nieuwe maandtarief. Door Tjerk Gualthérie ...

Read More »

Mahama Energy Sector Agreements Drowning Ghana-World Bank

 September 20, 2022   The World Bank Country Director (Ghana), Pierre Frank Laporte believes that unreasonable energy sector agreement forced Ghana into a situation where the country is now seeking support from the International Monetary Fund (IMF). According to him, albeit the impact of the Covod-19 which he said has resulted in the difficult environment for businesses, he indicated that spillovers ...

Read More »

Government, IMF to commence official bailout negotiations on September 26 – Report

The Government of Ghana and the International Monetary Fund are expected to commence official negotiations for an economic support programme for the country. Ghana is said to be targeting an amount of $3 billion over three years from the Fund once an agreement on a programme is reached. The new amount requested as a loan was double the government’s initial target ...

Read More »

comHow NDC appointees bought 361 state cars valued at $110 million for $3 million

General News of Monday, 19 September 2022 The Bono Regional Chairman of the ruling New Patriotic Party, Kwame Baffoe alias Abronye DC has shared details of how some state-owned cars were bought cheaply by members of the erstwhile National Democratic Congress government on their way out of power. According to the document sighted by GhanaWeb, 361 cars valued at $110 were sold to appointees of ...

Read More »