Terkper Soaks In Moody’s Optimistic Rating
Finance Minister, Seth Terkper, is upbeat other ratings agencies like Fitch and Standards and Poors, will follow suit and give Ghana positive grades, after Moody’s, last Friday, upgraded the...
Tag: Economic development
Finance Ministry Upbeat As IMF Meet Today To Decide Release of 3rd Bailout Funds
The Finance Ministry says it is optimistic a meeting Wednesday by the IMF to decide release of the third installment of funds under the Extended Credit Facility will be favourable. A Deputy Minister...
IMF Cash Delay To Push Inflation & Credit Up
The Institute of Statistical, Social and Economic Research (ISSER) is cautioning cost of credit as well as inflation will shoot up in the coming months if there is a further delay in the release of...
Further Delay In IMF Cash Will Push Interest Rates Up – Economist
An Economist with the Institute of Statistical, Social and Economic Research, (ISSER), Professor Robert Darko Osei, is cautioning of a further increase in interest and inflation rates over a further...
Ghana On Course To Achieving SDGs – Mahama
The Government of Ghana has put in place mechanisms and measures to ensure that all the targets under the Sustainable Development Goals (SDGs) are achieved, President John Dramani Mahama has said....
Man, 38, Commits Suicide Over Microfinance Scam
A 38-year-old man has reportedly committed suicide at Aprabong, suburb of Kumasi after he became a victim of microfinance scam, StarFMonline.com has learnt. The yet-to-be named victim reportedly...
Countries Still Not Ready
The countries of the United Nations approved a remarkable commitment to 17 Sustainable Development Goals (SDGs) in September 2015 to be achieved by 2030. On the one-year anniversary, it’s too early...
Sankofa Gas Project Receives US$700m World Bank Guarantee
Ghana has received a US$700-million guarantee from the World Bank for its Offshore Cape Three Points (OCTP)- Sankofa gas project ahead of anticipated oil and gas production in 2017 and 2018,...
DKM Customers Dissatisfied With Repayment Plans
Government’s move to settle the longstanding grievances of clients of the DKM Microfinance Company has taken off on a disappointing note with a number of the depositors in the Upper East region...
NPP’s Incompetence Was Exposed When Ghana Left HIPC
The governing NDC says there is nothing phenomenal about the New Patriotic Party (NPP) economic record because it was shielded from economic difficulties through its decision to go to the...
TUC Vows To Force Government To Leave IMF Programs
The Secretary General of the Trades Union Congress, Dr. Yaw Baah says the Union will force government to leave IMF programs. Ghana and other African countries have been relying on the IMF for bail...
Anyidoho Scores Mahama 2 Out 10 On Economy
Running mate of the People's National Convention (PNC) and economist, Emmanuel Anyidoho has scored President Mahama two out of ten on the economy. Speaking in exclusive interview with Kwabena...
DKM Customers To Start Receiving Their Deposits From Next Month
Customers of Microfinance company DKM Diamond are expected to start receiving their deposits from next month. It follows the completion of works by PWC, the firm appointed by the Registrar-General to...
Microfinance Association Strategises To Sanitise Industry
The Ghana Association of Microfinance Companies (GAMC) is tightening its operational loopholes to help rid the industry of unscrupulous institutions that defraud customers. The association said it...
Apologise Or Meet Us In Court – DKM Customers To Asiedu Nketia
The General Secretary of the governing National Democratic Congress (NDC), Johnson Asiedu Nketia, should render “an unreserved, unconditional, unqualified apology” to victims of the recent...
IMF Awaits Operational Update On Cash-Strained SOEs
The Ministry of Finance is due to present data on the financial status and performance of some state-owned enterprises (SOEs) to the International Monetary Fund (IMF) later this month to pave the way...
Pan African Savings and Loans Courts Customers’ Confidence
The Abeka Branch Manager of Pan African Savings and Loans, Kwame Frimpong Opoku has assured customers of the security of their deposits in a bid to win the trust of people in the operations of...
Rural Banks Fear Corporate Tax Rates Could Cripple Them
Chief Executive Officer of Amenfiman Rural Bank, Alexander Asmah has warned that the current Corporate Tax Rates in the country could cripple rural banks. Mr Asmah is concerned this could affect...
Cheap Funds For MFIs In the Offing
The Financial Inclusion Advocacy Centre, in collaboration with the Ghana Microfinance Institutions Network (GHAMFIN), is set to establish a financial inclusion fund that will provide cheap lending...
Ghana Presents Data On Energy Sector
Government has disclosed it is working to present data on the country’s energy sector to the International Monetary Fund (IMF) which should lead to the release of the third tranche of the bailout...