Economic Failure In Ghana
Ghana's economy is like a pendulum. It swings growth on one turn and swings decline on another turn. For instance, the economy grew by a record 14% in 2011. Inflation was kept at single digit for a...
Tag: economy
Power Firms In GH¢19bn Maze of Debt
Government’s efforts to address the debt position of four key state-owned enterprises in the energy sector has left the International Monetary Fund (IMF) flummoxed as to how the debt restructuring...
Fuel Prices Likely To Go Up Again
The Chamber of Petroleum Consumers Ghana, has forecast a likely 7-13 percent fuel price adjustment beginning Sunday October 16. According to the Chamber, “the decision for cuts in OPEC production...
Banks Are Weak
The country’s financial sector remains relatively weak and elementary after more than a century of financial services provision, Kweku Bedu-Addo, Chief Executive Officer of the Standard Chartered...
Local Investors Lap Up First USD Bond
The subscription period ends Thursday, October 13, 2016, but the first ever USD-denominated domestic bond issued by government and targeted at investors resident in Ghana and Ghanaians abroad, has...
IMF Hopeful Ghana Will Return To Economic Prosperity
The International Monetary Fund (IMF) is hopeful about Ghana’s return to economic prosperity as the government maintains strict fiscal discipline ahead of the presidential and parliamentary...
Kwesi Botchwey Urges BoG To Do More For Banks
A former finance minister, Professor Kwesi Botchwey, has urged the Bank of Ghana (BoG) to come up with a stable policy framework to help the banks get the necessary guidance in their operations. He...
Claims By Bawumia Fact-Checked, Only One Entirely True
The National Patriotic Party (NPP) launched its 2016 manifesto in Accra, this Sunday and a team of fact-checkers subjected five claims made by the party's Vice Presidential candidate, Dr Mahamud...
DKM Customers Seek Injunction To Stop Payments
Some customers of DKM Microfinance in the Northern regional capital, Tamale, are seeking to place an interlocutory injunction on the payments of depositor claims scheduled for next week Monday,...
Only Little People Pay Taxes Corporate Welfare Bums Do Not
Kwame Nkrumah in Ghana came before Bernie Sanders in United States. But between both was Canadian David Lewis, NDP Leader from 1971 to 1975. In 1972 Lewis published one of the most insightful book...
Ghana Not At Risk of ‘HIPC’
The World Bank President says he does not think Ghana and other African countries with high debt levels are at risk of falling into debt distress or “Highly Indebted Poor Country (HIPC)”...
The Reach For Gold Standard In Public Service In Ghana
I have just read something on line and it is giving me headache. It is this: The leadership of the most pre-eminent Financial Institution in Ghana, the Bank of Ghana, has authorized the expenditure...
Favourable Economic Outlook For Ghana Is Conditional
The International Monetary Fund’s (IMF) director for Africa has indicated that the favourable economic growth for the country from next year will be based on sticking to some critical fiscal...
Moody’s Rating Is ‘an Upgrade’
The recent affirmation of the Government of Ghana's issuer and senior unsecured rating at B3 and change in the country's economic outlook to stable from negative by international rating agency,...
Economic Instability Threatening Banks
Ishmael Yamson, Board Chairman of Standard Chartered Bank Ghana, has expressed concern about economic volatility and uncertainty in Ghana which has made commercial banking riskier than previously....
DKM Customers To Receive Refunds Today
The official liquidator of DKM Diamond Microfinance will today make official, the names of first batch of customers whose claims have been agreed and validated in the liquidation process. This will...
State Attorneys Threaten Nationwide Strike
The Association of State Attorneys is threatening a nationwide strike if government fails to meet their demand for improved conditions of service. The association has chastised the Finance Ministry,...
BoG To Stop Purchase of Gold Watches
The Bank of Ghana is set to stop the purchase of gold watches meant to be given out as part of end of service benefit to retiring staff of the institution. This is what Joy Business has picked up...
SSNIT Threatened, Pensioners Face Cut In Benefits – Bawumia
The Vice presidential nominee of the opposition New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has promised an urgent review of the Social Security and National Insurance Trust (SSNIT) investments...
Tackling Inequality Vital To Ending Extreme Poverty By 2030 – World Bank
A new World Bank study on "Poverty and Shared Prosperity" indicates that extreme poverty worldwide continues to fall despite the lethargic state of the global economy. But it warned that given...