Cedi Gains Won’t Last – Economist
The gains made by the Ghanaian cedi against other major foreign currencies in the past weeks are not sustainable, economist John Gatsi has stated. Currently US$1 sells for GHS 4.3 on the interbank...
Tag: economist
Why Dr Issahaku Resigned As Central Bank Governor
Governor of the Bank of Ghana, Dr. Abdul-Nashiru Issahaku has resigned, sources at the Central Bank reveal. The BoG Governor’s resignation takes effect from the 1st of April, 2017. This means his...
Ernest Addison Likely To Succeed Issahaku
Dr Ernest Addison, a former Director of Research at the Bank of Ghana during the tenure of Kwesi Amissah-Arthur as governor, is the likely successor to Dr Abdul-Nashiru Issahaku who has resigned,...
Dr. Issahaku’s Resignation Expected
Dr Abdul-Nashiru Issahaku’s decision to step down as the governor of the Bank of Ghana is not surprising as he shares a different ideology from that of the governing New Patriotic Party (NPP), c...
Blame No One For My Exit
The resigned governor of the Bank of Ghana (BoG) Dr Abdul-Nashiru Issahaku has disclosed that no one should be blamed for his exit from the Central Bank indicating that he resigned out of his own...
Israel Minister Swims Against Tide With Gaza Island Plan
An Israeli minister has gone against the tide in proposing a way he says would alleviate conditions in the Gaza Strip while maintaining his country's security control -- build an island nearby. The...
BoG Governor Confirms Resignation
Dr Abdul-Nashiru Issahaku has explained that he resigned as Governor of the Bank of Ghana on personal grounds. Confirming to Graphic Online Wednesday evening, that he has presented his resignation...
Banks Pressured To Reduce Interest On Loans As Policy Rate Drops
Stakeholders and industry players have impressed on banks to ensure quick implementation of the reduction in the policy rate to 23.5 percent. According to these stakeholders the reduction is a...
The Biggest Game Changer In African Fashion Is…the Internet
An increasing number of designers on the continent are morphing from small tailor businesses into recognized and respected fashion houses, thanks to the internet. In 2014, when Beyoncé was spotted...
Reduction In Policy Rate Great Impact On the Economy
Mr. Jerry Afolabi, an economist, has said the reduction in the policy rate announced by the Central Bank was laudable and will relieve business owners. The Monetary Policy Committee of the Bank of...
Pace of Reform Slows As Nigeria’s Ailing Buhari Slims His Schedule
A lingering illness has led President Muhammadu Buhari to reduce his working day to a few hours since he returned from medical leave, slowing down the pace of economic reforms advanced in his...
Politicians Stifling Private Sector – Economist
Government and persons in positions of power must desist from undue interference in the private sector to allow the businesses of entrepreneurially-driven individuals to thrive, economist Dr Kofi...
Nominees of MTN HOC Appear On TV
Three nominees of the Season 3 of the MTN Heroes of Change (HOC) have been aired on television. The three nominees were Joseph Asakibeem, Rev. Monsignor Alex Bobby Benson and Dr. Michael...
ICU Demands Full Disclosure
The Industrial and Commercial Workers Union (ICU) has asked government to provide details of its announced extension of the country’s programme with the International Monetary Fund (IMF). According...
S.Korea Throws Shipbuilder Daewoo New $6 Bn Lifeline
South Korea offered troubled Daewoo Shipbuilding & Marine Co. a new $6 billion bailout on Thursday, as the giant firm's financial crisis worsens. Daewoo is the world's largest shipyard in terms of...
Economists Divided Over Possible Outcome of Policy Rate Meeting
The Monetary Policy Committee (MPC) of the bank of Ghana is expected o announce a new policy rate on Friday, and already, there is high expectation. The meeting which will be the 75th is expected to...
High Cost of Production To Blame For Non-Performing Loans
An economist, Adu Owusu Sarkodie, has attributed the high level of nonperforming loans to the high cost of production and doing business in the country. Per the latest Bank of Ghana (BoG) Financial...
Parliament To Vet Akufo-Addo’s Last Batch of 54 Ministers In 6 Days
The appointments committee of parliament is expected to sit continuously for 6 days in order to vet all 54 ministerial nominees announced my President Nanan Addo Dankwa Akufo-Addo making his full...
Cedi Stabilises Marginally Over 3-Year Bond Issue, 2017 Budget
Government’s decision to issue a three-year bond last week has helped stabilize the cedi marginally on the interbank market. The local currency which has been depreciating sharply since last month...
Large Government Not Solution To Ghana’s Problems – Gatsi
University of Cape Coast lecturer John Gatsi has said the large number of ministerial appointments is not the answer to Ghana’s problems. President Nana Akufo-Addo has said that he needs all the...