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...
Tag: energy sector
8 Banks On the Verge of Collapse – Bawumia
A former deputy Governor of the Bank of Ghana and the running mate of the NPP Dr. Mahamudu Bawumia has warned that eight banks in Ghana risks collapse due to the continuous hikes of bad loans on...
Akufo-Addo Must Disclose How He’ll Settle Energy Sector Legacy Debt – Gov’t
Minister of Employment and Labour Relations, Haruna Iddrisu has challenged the Flagbearer of the largest opposition, New Patriotic Party (NPP) Nana Akufo-Addo to publicly state how he intends to...
I Won’t Blame Anyone For ‘dumsor’; I’ll Fix It – Mahama
President John Mahama has assured Ghanaians that he will not point accusing fingers at any group or individual concerning the challenges in the power sector but will ensure that it is resolved. He...
Where’s the Infrastructure Money – Bawumia Asks Mahama
In response to government’s claim that it has invested massively in infrastructural projects for which reason it must be retained at the polls in December, the NPP’s running mate, Dr. Mahamud...
NDC Gov’t Borrows $39bn In 8 Years – Bawumia
The running mate of the New Patriotic Party Dr. Mahamudu Bawumia has stated that the governing National Democratic Congress has borrowed some 39 billion dollars in the last eight years that it has...
Economy In Distress – GN Research
Groupe Nduom (GN) Research has added its voice to expert views on the Ghanaian economy, describing it as one in distress. It said Ghana’s economy has been on a persistent decline over the past four...
Ghana Resumes Eurobond Issue
The Finance Minister, Seth Terkper today announced a prospective new Eurobond issue and all tender offer in respect of the outstanding Eurobonds due 2017. A release by the Finance Ministry said,...
Imanis Business & Economic Environment Report (2011-2016)
A suitable environment for businesses to succeed remains an important precursor to economic growth and ultimately the improvement of living standards. At a UN forum held in 2015, UN Secretary-General...
Gov’t Explores Other Sources of Energy
Ghana has moved from solely relying on hydro- power to thermal and is now exploring other sources of energy including solar, wind and waste-to-power, Deputy Power Minister John Jinapor has said....
Follow Roadmap To Clear Legacy Debt
The International Monetary Fund (IMF) has pressed on government to strictly follow roadmaps designed to wean state owned power companies off debts. According to the IMF, its recent discussion with...
IMF Must Respect BoG Amended Bill
Economist, and member of the Finance Committee in Parliament, Dr. Anthony Akoto Osei has defended the legislature’s decision to cap the Bank of Ghana (BoG) financing of government budget at 5...
Ghana To Know Fate This Month
Ghana will later this month know whether the International Monetary Fund (IMF) will release the third tranche of its $918million Extended Credit Facility deal with the West African country. The...
IMF Team Ends Ghana Review, Questions Amended BoG Act
The International Monetary Fund (IMF) staff mission to Ghana has ended their third review visit to the country but has raised questions about some amendments made to the Bank of Ghana (BoG) Act. The...
Terkper Courts IMF With Legacy Debt Deal
Finance Minister Seth Terkper has expressed hope that a milestone agreement reached with creditors over VRA’s debts will be enough to ease holdup in discussions with the International Monetary Fund...
Energy Sector Levy Revenue Hits GHc350m
Finance Minister, Seth Terkper has disclosed that the Energy Sector Levy Account has accrued 350 million cedis as at August 2016. Only residential users should pay energy levies – Former AGI...
MMDAs Urged To Highlight Achievements of Government
Regional Ministers have been tasked to highlight government’s achievements by the Metropolitan, Municipal and District Assemblies (MMDAs) as the country approaches the 2016 general election. Deputy...
I Will Reduce Tax By 50% When Elected As President
The founder and standard bearer of the Progressive People’s Party (PPP) Dr Papa Kwesi Nduom has indicated that as part of his economic action plans in ensuring that Ghana’s economy is back on...
I’ll Reduce Taxes By 50% If Voted For
The founder and flag-bearer of the Progressive People’s Party (PPP), Dr Papa Kwesi Nduom, has indicated that as part of his economic action plans in ensuring that Ghana’s economy is back on...
Banks Increase Deposit Rates To Attract Funds – Bankers
The Bank of Ghana’s recent publication on how much the commercial banks charge on their deposits, show that the banks have deliberately increased their interests in a bid to attract more funds....