Author: Bobbie Osei
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Akufo-Addo calls for increased Japanese investments in Ghana
President Nana Addo Dankwa Akufo-Addo has called on Japanese companies to channel their investments into Ghana’s manufacturing sector. According to the President, close collaboration between Ghana and Japan especially in the area of industrialization will among other things help in reducing unemployment in the country. He made the remarks at the formal opening ceremony of…
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GAWU argues against increased funding of the PFJ policy in the 2022 budget
The General Agriculture Workers Union (GAWU) has called on government to desist from increasing its allocation for the Planting for food and jobs program in the upcoming 2022 budget statement and economic policy. The Planting for Food and Jobs policy, which has been in existence for over three years now, aims at boosting local production…
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Dr. Bawumia calls for stakeholder collaboration to improve intra-African payment systems
Vice President, Dr. Mahamudu Bawumia has charged Central Bank governors across Africa to facilitate collaboration amongst key stakeholders to help with the integration of payment systems on the continent. According to the World Economic Forum, payments which have always been the lifeblood of trade will be key for intra-African trade, which covers 55 countries with…
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Oil companies urged to help address negative impact of seaweeds on oil-enclave dwellers
Board Chairman of the Ghana National Petroleum Corporation (GNPC), Freddy Blay, has called on oil Companies and other stakeholders to take immediate steps to alleviate the sufferings of fishermen whose livelihood have been impacted negatively by the invasion of seaweed. According to Mr. Blay, the rising frequency with which seaweed wash ashore along the coast…
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Former President Mahama calls for increased funding of SMEs to reduce unemployment
Former President, John Mahama has charged African leaders to actively offer funds and tax waivers to Small and Medium-Sized Businesses on the continent to help reduce unemployment as the continent tries to recover from the impact of the Covid-19 pandemic. He made the remarks while delivering the keynote address at the 3rd annual edition of…
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2022 budget: Reset fiscal policy to create credible path towards sustainability – BoG to Government
Governor of the Bank of Ghana, Dr. Ernest Addison, is urging the government to use the 2022 budget to reset fiscal policy and create a more credible path towards medium-term fiscal sustainability. According to him, this is crucial to accelerate the country’s financial stability. Speaking at the 10th edition of the Ghana Economic Forum (GEF),…
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Use 2022 budget to reduce revenue and expenditure gap – Government urged
Government has been urged to use the 2022 budget statement and economic policy to reduce the gap between revenue and expenditure. The 2021 budget had a total revenue target of GH¢ 72.45 billion, while expenditure was set at GH¢ 113.75 billion, bringing the overall balance to GH¢ 41.298 billion. According to the 2021 mid-year budget…
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Court dismisses ENI’s request for review of unitization directive
The commercial division of the Accra High Court dismissed a judicial review application brought before it by ENI Ghana Exploration and Production Limited and Vitol Upstream Ghana Limited. The review application was in connection with a number of directives given by then Energy Minister John Peter Amewu for the unitization of ENI’s Sankofa oil field…
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Rural Banks will soon accept Ghana Card as primary source of identification – ARB Apex Bank
The ARB Apex Bank Limited, which serves as a “mini” central bank for Rural & Community Banks (RCBs) says it is working with the relevant authorities to ensure that the National Identification Card is accepted at Rural Banks across the country as a valid form of identification. For some time now universal banks in the…
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Banks, fintechs must educate customers on need to use e-cash – GhIPSS
The Chief Executive of the Ghana Interbank Payment and Settlement System (GhIPSS), a subsidiary of the Bank of Ghana, Mr. Archie Hesse, has called for increased education and active usage of available cashless payment solutions to help reduce the number of robbery attacks on persons carrying huge sums of cash. There has been an uptick…