Public Debt Now GHS112b
Ghana’s total public debt stock, which stood at GH¢110 billion at the end of August, increased to GH¢112.4 billion at the end of September 2016, representing 67.4 percent of Gross Domestic...
Tag: economy
Lexta Ghana Limited Appoints New Head of Marketing
Lexta Ghana Limited, the producers and suppliers of Yazz range of products and Hooch Foods has appointed Seth Ntiamoah-Asare as its new Head of Sales and Marketing. Until his appointment, Mr....
Ghana Loses $2bn In Sole-Sourced Contracts (I)
The Danquah Institute, a public policy research centre, has painstakingly undertaken due diligence on a number of public procurement contracts awarded on either sole sourcing or restrictive tender...
Trump Halts New York Times Meeting, Decries ‘dishonest’ Media
Donald Trump has cancelled a meeting with the New York Times, a day after berating media chiefs at his headquarters for “unfair” coverage. Without elaborating, the US president-elect accused the...
Ghana Loses $2bn In Sole-Sourced Contracts – Danquah Institute
The Danquah Institute, a public policy research centre, has said at least $1.93 billion is being lost through non-competitive tendering. The pro-opposition outfit said it has been investigating...
Trump Wages War On ‘dishonest’ US Media
Donald Trump has cancelled a meeting with the New York Times, a day after berating media chiefs at his headquarters for "unfair" coverage. Without elaborating, the US president-elect tweeted that the...
Government Owes BDCs GHS2b
Government has to seek an additional GH¢1.2 billion to be able to pay off all debts owed Bulk Oil Distribution Companies (BDCs) which, currently, is over GH¢2.2billion (GH¢2,263,610,424). This is...
President Obama Expanded Overtime Pay For Millions of Workers. President Trump Could Take It Away.
President Barack Obama likes to say he’ll use the power of the pen to do whatever he can for American workers. But now that Donald Trump has won the White House, the real estate mogul can use the...
No Bonuses For Banks Staff As Mounting Debts Trigger Write-Offs
Staff of universal banks will be denied their bonuses this year as rising Non- performing loans in the sector crossed GH¢6.1 billion for the seven months of the year. Several bank staff who spoke to...
Mahama Trapped In Fraudulent $300 Million Infrastructure Deal
Reports reveal that Mahama has venture into a false security infrastructure deal worth a whopping $300 million! The Mahama government is accused of effectively “stealing” $300 million from state...
Zoomlion Demands Proof of GHC448m Corruption Allegations
Waste management company, Zoomlion Ghana Limited, has denied allegations it is engaged in a corrupt scheme with government to siphon over GHc 448 million for its management of Youth Employment...
The Cedi’s Rising Fortunes
Ghana's national currency, the cedi is on the brink of completing a record-breaking year, and even the currency analysts that have spent most of the year predicting an end to its new found stability,...
Zoomlion Demands Proof of GHc 448m Corruption Allegations
Waste management company, Zoomlion Ghana Limited, has denied allegations it is engaged in a corrupt scheme with government to siphon over GHc 448 million for its management of the Youth Employment...
UMB Bank Wins Two Awards
Receiving the award on behalf of the bank, UMB Bank’s Director of Marketing and Communications, Ms. Yvonne Botchey, dedicated the award to the bank’s cherished customers and expressed her...
Mahama Caught In Bogus $300m ‘security Infrastructure’ Deal
The Mahama government is accused of effectively “stealing” $300 million from state coffers as they face their electoral fate in two weeks’ time at the December 7 presidential and parliamentary...
Interbank Borrowing On the Rise
Banks borrowing from each other or the central bank, otherwise known as repurchase agreements or repos, has hit GH¢145.7 billion in November 2016, which is a 451 per cent increase from the GH¢26.4...
US To Quit TPP Trade Deal On First Day In Office
President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House. He made the announcement in a video messageoutlining what he intends...
‘Reduced’ Policy Rate Not Good For Businesses
Economist, Dr. Lord Mensah has ruled out an immediate reaction from commercial banks following the reduction of the policy rate. Though he has lauded the Bank of Ghana (BoG)’s decision to reduce...
‘Reduced’ Policy Rate Not Good For Businesses
Economist, Dr. Lord Mensah has ruled out an immediate reaction from commercial banks following the reduction of the policy rate. Though he has lauded the Bank of Ghana (BoG)’s decision to reduce...
Gigi Hadid Roasted For Melania Trump Impression
Gigi Hadid may want to steer clear of the political jokes from now on. The model/actress co-hosted Sunday night's American Music Awards and drew heat for her impression of Melania Trump. "I love my...