Author: Bobbie Osei
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Ghana’s food security situation likely to worsen in coming months – Peasant Farmers
The Peasant Farmers Association of Ghana is warning that Ghana’s food security situation is likely to worsen if urgent action is not taken. Ghana declined from 78th position in 2016 to 82nd position in 2021 on the Global Food Security Index published by the Economist Intelligence Unit (EIU). The caution by the farmers’ association, comes…
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Telecommunications Chamber, BoG intensifying efforts to curb mobile money fraud – Dr. Ashigbey
The Ghana Chamber of Telecommunications says it is working extensively with the Bank of Ghana to implement multiple strategies, in a bid to clamp down on mobile money fraud, which has in recent times led to a massive loss of funds of some businesses and individuals. According to the World Bank, the rapid growth of…
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UMB dedicates Jubilee to customers; fetes customers in branches across Ghana
Universal Merchant Bank (UMB), a leading indigenous Ghanaian bank, today feted its customers across Ghana on the occasion of its 50th-anniversary celebrations. Customers and patrons of the bank were pleasantly surprised to be welcomed with refreshments as they transacted their business in the b.anks branches. Officials of the bank at all levels were on hand…
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Too much anxiety negatively impacting Cedi performance – Prof. Peter Quartey
Director of the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey has cautioned against heightened anxiety around the local currency. According to him, too much anxiety will lead to speculation about the currency which could fuel further depreciation. The Cedi has depreciated significantly against its major trading currencies…
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Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant
Technology Consultant and Digital Lead of Pop Out, Maximus Ametorgoh says consumers in Ghana are likely to pay a little bit more for products purchased on E-commerce platforms as the Ghana Revenue Authority (GRA’s) prepares to introduce a non-resident E-commerce and Digital Service Registration Portal, to help with the taxation of e-commerce platforms operating in…
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GRA launches new non-resident registration portal to mobilize GHC 1.7 billion
The Ghana Revenue Authority (GRA) has launched a non-resident E-commerce and Digital Service Registration Portal, which it says will help it collect about GH¢1.7 billion in revenue from online businesses like Netflix, Jumia, Alibaba, and Amazon among others. The operation of the portal is expected to commence from 1st April 2022. The launch of the…
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Ghana may not need the IMF if authorities take needed fiscal measures – Pierre Laporte
The World Bank Country Director for Ghana, Liberia, and Sierra Leone, Mr. Pierre Laporte, says Ghana stands to benefit from going to the International Monetary Fund (IMF) if the country plans on going on an aggressive debt rescheduling program. President Nana Akufo-Addo and the Minister of Finance Ken Ofori-Atta, have on multiple occasions shot down…
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Thorough examination of govt’s full expenditure package necessary – Prof. Botchwey
A former Minister of Finance, Prof. Kwesi Botchwey, has called for a thorough examination of all of government’s expenditure package. The remarks follow government’s decision to cut down on its expenditure, by up to 20 percent in the 2022 fiscal year. The 2022 budget puts Ghana’s total expenditure at GHc135.63 billion, with 20% of that…
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BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’
The Bank of Ghana is cautioning the general public against the patronage of a money-doubling scheme operating in Ghana under the name “BitCash Currency Exchange”. According to the Central Bank, the scheme which falsely claims to have its approval is a fraudulent one. A notice dated 8th March, 2022, warns the general public that the…
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Transparency with public on economic situation is key – World Bank Country Director
The World Bank Country Director for Ghana, Liberia, and Sierra Leone, Mr. Pierre Laporte says it is key that government is transparent with the general public on the current economic situation the country finds itself in. Government recently expressed its unhappiness with credit rating agencies, especially after Moody’s downgraded Ghana’s long-term foreign currency sovereign rating…