You and Low Interest Rates
The start of the week saw the Monetary Policy Committee (MPC) of the Bank of Ghana announcing a reduction in the policy rate by 50 basis points to 25.5 per cent. Previously, the rate had held at 26...
Tag: finance
Ghana Will End Year With Debt-To-GDP Below 70%
Finance Minister Seth Terkper has disclosed the country is likely to end the year with a public debt-to-gross domestic product (GDP) ratio not exceeding 70%. There were projections the ratio would...
Auditor General Validating Pension For Unions – Terkper
The Auditor General is validating the pension of some labour unions in the country to enable their fund managers receive the monies on their behalf. The Finance Minister Seth Terkper confirmed this...
TTAG Threatens Government Over Feeding Grant Delays
The Teacher Trainee Association of Ghana (TTAG), has given government up to close of day today , to pay their feeding grants or they will “advise themselves.” President John Mahama and his Vice,...
Auditor General Validating Pension For Unions – Seth Tekper
The Auditor General is validating the pension of some labour unions in the country to enable their fund managers receive the monies on their behalf. The Finance Minister Seth Tekper confirmed this in...
Black Stars Must Raise Own Fund
Managers of the Senior National team, the Black Stars of Ghana must find ways of rebranding the team to enable it generate income to finance itself, Minister of Finance Seth Terkper has said....
Unaudited Accounts Reason For Delay of GFA Ordinary Congress
Executive Committee member of the Ghana Football Association (GFA), Kwaku Eyiah, says the Ordinary Congress of the GFA has delayed because their books and financial dealings are yet to be audited....
Gov’t Borrows GHC6.2bn More In Just 3 Months
Data from the Bank of Ghana (BoG) indicates that Ghana’s public debt went up by GHC6.2billion between July and September, 2016. According to the summary of economic and financial data released by...
Vote Against Those Who Disrespect You
His Royal Majesty King (Dr.) Odaifio Welentsi III the Nungua Mantse and President of the Nungua Traditional Council has vented his spleen on political leaders who had disrespected Ga people, saying...
Gov’t Tight-Lipped Over Value of Tier-2 Funds
Government, on Monday November 21, 2016, transferred September Tier-2 pension monthly deductions to the custodian banks of Public Sector Occupational Pension Schemes. Consequently, the 12 labour...
GHC88.5m Judgement Debt Pops Up; Additional GHC170m In the Waiting
A GHC88.5million judgement debt plus compound interest of 6.5% for five months is starring the government in the face and it appears the government cannot escape it. It is made up of diverted funds...
ICU Worried Over Ghana’s GHC112.4b Debt Rate
The Industrial and Commercial Workers Union (ICU) has raised concerns over the need for the government to immediately take steps to prevent the country from its worsening debt situation. Figures from...
Interests On Loans To Drop If …
Some financial analysts are anticipating that the Bank of Ghana (BoG) will sustain the decision to reduce further, its policy rate to ease access to credit to businesses. According to them,...
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...
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...
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,...
Nkrumah Destroyed The Hen That Laid The Golden Eggs
As human beings, we have been blessed with an incredible nervous system that enables each individual to live a superior life than all biological life forms. Unlike analgesics, we experience pain, and...