How A New Debt Trap Has Been Set
Ghana is in a debt crisis. Having had significant amounts of debt cancelled a decade ago, the country is losing around 30% of government revenue in external debt payments each year. Ghana's crisis...
Tag: economy
Don’t Plunge Ghana Into More Debts – Group Warns Gov’t
A coalition of local and international non-governmental organizations in governance in Ghana, is warning of a full-blown financial crisis if the continuous dependence on commodity exports is not...
Success of Ghana’s First Local Dollar Bond Attributed To Better Incentives
An economist, Dr John Gatsi, says the successes chalked by government in the issuance of Ghana’s first domestic dollar-denominated bond was due to what he termed as better incentives provided to...
Paid DKM Customers Disappointed
Some aggrieved customers of DKM Diamond Microfinance Limited (DKM) have expressed disappointment after receiving part payment of their locked-up investments after a moratorium was placed on the...
About 2,000 Traders Get Boost From Capital & More To Expand
About 2,000 traders in Accra who would have found it extremely difficult to access credit facility from banks, have been given a collateral-free loan by Capital and More Microfinance, to expand their...
Fuel Prices Up 11%
Fuel prices across various outlets in the country have increased between three and 11 per cent, the Chamber of Petroleum Consumers Ghana (COPEC-GH) has indicated. This follows a review of fuel prices...
We Will Go Back To Court; Outraged DKM Customers Vow
Some outraged customers of DKM Microfinance Limited have threatened to go to court over the amounts of money given them. Some of the customers said they have been given paltry sums not close to what...
Gov’t May Not Be Able To Tackle Public Debt In Good Time
Chief Executive of Dalex Finance, Ken Thompson, has cast doubt over government’s ability to tackle the public debt in good time to the benefit of the economy. As at July this year, the country’s...
Pound Fall A ‘shock Absorber’
The fall in the value of sterling has acted as an important "shock absorber" for the economy, according to Bank of England deputy governor Ben Broadbent. He told BBC Radio 5 live that having a...
Government Hits Jackpot
Government has bagged over GHC3.4billion from taxes imposed on petroleum products for the first six months in 2016. Data released by the National Petroleum Authority (NPA) for products sold for the...
The Evolution of Mobile Phone Banking Services
I do have a question for you. Is the use of Mobile Phone Banking making significant efforts in bridging the gap to universal financial inclusion? Come to think of it! Mobile banking is simply the act...
Ghana Issues Maiden Dollar Bond On Local Market
The government last week trapped additional foreign exchange into its vault when it issued a United States dollar-denominated bond on the local market to raise a total of $94.64 million at a coupon...
Cedi To Sell At GHC4:1$ By End of 2016
The Ghana cedi is projected to sell at a higher amount in relation to other major currencies on the global interbank market, Groupe Nduom (GN) Research has predicted. According to the analyses by GN...
Dangote Shakes Ghacem; Stabilises Cement Price
The management of Dangote Cement Plc says the company is well positioned to become the leader of the cement industry in Ghana and Africa within the shortest possible time. The Group Head, Corporate...
DKM Creditors Receive Locked Up Cash From Today
At least 4000 creditors of DKM Microfinance are expected to be paid their locked up deposits today, as the Official Liquidator commences payments. According to the Official Liquidator, each of the...
NPP 2016 Manifesto Is Phenomenal – IMANI
Policy think tank, IMANI Ghana has praised the New Patriotic Party (NPP) for the contents of its 2016 manifesto describing some aspects of the document as “noble.” According to President of IMANI...
Oil Must Not Drown Agric Sector
Chief Executive Officer of the Institute of Certified Economists of Ghana (ICEG), Daniel Amateye Anim-Prempeh, has joined the call for government to pay attention to the agriculture sector, saying...
Role of Trade In Job Creation Comes Under Scrutiny
A team of international and local experts on labour last week subjected the impact of international trade on domestic job creation activities to critical scrutiny amid increasing agitations for...
Prospect Theory and Error Base Neglect
By Bright Simons I'm wondering if corruption in these parts can be examined through the combined lens of: prospect theory and base error neglect. And whether that might yield any insight for...
The Betrayed Son
Sven-Ole Brandt, tall like his father Claus Brandt assembling his facial expressions, and taller than his mother Heidi Juergensen, well trained body, square face, sleepy eyes, light brown hair, three...