2017 Budget Estimates Inconsistent
The 2017 budget estimates according to the Minority is inconsistent. According to the spokesperson on Finance, Ato Forson “what we have seen is a departure of what the narratives of the budget...
Tag: currency
The Invisible Hand of Government In Cedi Depreciation
By Jerry. J.Afolabi As the normal principle of economics says, when a domestic currency depreciates it makes the prices of goods and services decline compared to the international prices. This causes...
Solid Gold Coin Worth $4m Stolen From Berlin Museum
A giant gold coin bearing the Queen's image, and worth $4m (£3.2m), has been stolen from a museum in Germany. The Canadian coin, nicknamed the "big maple leaf", has a face value of $1m - but because...
Zuma Recall of Gordhan ‘major Setback For SA Economy’
Many analysts believe the president wants to replace Pravin Gordhan South Africa's main opposition Democratic Alliance (DA) has issued a statement calling on the president to explain what it...
Zuma Orders S.Africa Finance Minister’s Return From UK
South African President Jacob Zuma has ordered his finance minister to return from an overseas investment trip, the presidency said Monday, fuelling speculation that a cabinet reshuffle is imminent....
Failed NPP MP Dragged Before Court For Alleged Fraud
Construction firm, Eno Mma Company Limited has made a claimed of Four Thousand Six Hundred and Fifty Ghana Cedis (GH¢ 4,650.00) against failed New Patriotic Party (NPP) parliament aspirant for Subin...
Government Must Assist Struggling Private Companies
Labour Unions in Ghana have renewed calls for government to support the private sector. This they believe will guarantee them job opportunities. This follows the laying off of about 400 workers of a...
Asian Markets Mostly Down On Fears About Future of Trump Agenda
Most Asian markets fell Monday and the dollar struggled on fears the collapse of Donald Trump's repeal of Obamacare could mean he will struggle to push through his promised tax-cut and infrastructure...
Cedi Depreciation In March Was 5% – BoG Report
Latest figures by the Bank of Ghana have shown that the cedi’s depreciation against the dollar for March 2017, is five times more than the rate of depreciation recorded in the same period in 2016....
Cedi Depreciation In March Was 5%
Latest figures by the Bank of Ghana have shown that the cedi’s depreciation against the dollar for March 2017, is five times more than the rate of depreciation recorded in the same period in 2016....
Ministry To Disburse LEAP Cash On March 27
The Ministry of Gender, Children and Social Protection (MoGCSP) will, on Monday, March 27, commence the disbursement of the January and February payments of the Livelihood Empowerment Against Poverty...
Foreign Affairs Minister Unhappy About Budget Cut To Her Ministry
Ghana’s missions Abroad are likely to suffer the brunt of government’s decision to allow them retain a paltry 35% of their internally Generated Funds. According to a report of the Foreign Affairs...
Government Pays GHc24,750 Million To MPs As Rent Allowance
Impeccable information picked up by The Herald, reveals that each of the 275 Member of Parliament (MP), has grabbed a whopping accommodation allowance of GH¢90,000, regardless of whether they have a...
Ghana Loses GHC490m To Illegal Imports – BDCs
The Chamber of Bulk Oil Distributors (CBOD) has made a strong case for the government to clamp down on all importers of illegal products into the market if it is to provide fair competition in the...
Ghana Loses GHc 490m To Illegal Imports – BDCs
The Chamber of Bulk Oil Distributors (CBOD) has made a strong case for the government to clamp down on all importers of illegal products into the market if it is to provide fair competition in the...
Two Policemen In Court For Robbery
Two Police officers have appeared before an Accra Circuit Court for allegedly robbing a student at gun point of GH 11,000 cedis. The money was withdrawn from a bank by the student who had been sent...
We’ve Not Increased Service Allowance
The National Service Secretariat (NSS) has denied reports circulating in a section of the media that it has increased allowance for service personnel by about 80 cedis. Reports widely circulated on...
Gender Ministry To Disburse LEAP Cash On March 27
The Ministry of Gender, Children and Social Protection (MoGCSP) will, on Monday, March 27, commence the disbursement of the Livelihood Empowerment Against Poverty (LEAP) grants in all 216 districts...
National Service Secretariat Denies Increment In Allowances
The NSS has asked the general public to disregard any news of increment in allowances The National Service Secratariat (NSS) has denied reports of an increment in the allowance of service personnel....
Cedi Records Sustained Come-Back Against Dollar
Cedi has finally recorded sustained appreciation against major international currencies including the U. S dollar, which is currently trading at around GH4.36 on the interbank market. This is the...