Author: Bobbie Osei
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Ghana’s debt stock hits GHS273.8 billion, crosses dreaded 70% debt-to-GDP mark
Ghana’s total public debt stock has risen by GHS54.8 billion in the first nine months of this year, hitting GHS273.8 billion as at the end of September 2020. Government is currently under pressure to slow down the rate of debt accumulation. The new debt figure pushes Ghana’s debt to GDP ratio to 71 percent, crossing…
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AfCFTA: We’ll protect you against possible unfair trade practices – Alan assures investors
Minister of Trade and Industry, Alan Kyerematen has assured investors looking to use Ghana as a manufacturing hub for the rest of Africa, ahead of next year’s commencement of the African Continental Free Trade Area (AfCFTA), that government will take the needed steps to protect them from the dumping of inferior goods unto the Ghanaian…
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Customers of defunct fund management firms welcome partial payment plan
The Coalition of Aggrieved Customers of the 50 Collapsed Fund Management Companies has welcomed the government’s directive to the Securities and Exchange Commission, for a partial bailout to be provided to affected customers of companies that are not under official liquidation. In a press statement released on Wednesday, the SEC stated that government had authorized…
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Economists expect Ghana’s policy rate to be maintained
Ahead of the commencement of the 97th Regular Meetings of the Monetary Policy Committee of the Bank of Ghana, some economists have told Citi Business News that they expect the Central Bank to maintain the rate for a fourth consecutive time. They attribute their expectations on the high fiscal deficit of the country. The 97th…
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Rawlings helped Ghana win bid to host AfCFTA Secretariat – Alan Kyerematen
The Minister of Trade and Industry, Alan Kyerematen has praised the late former President, Jerry John Rawlings for the role he played in helping Ghana win the bid to host the African Continental Free Trade Area (AfCFTA) Secretariat in Accra. Six other African Union member countries including Egypt, Eswatini, Ethiopia, Kenya, Madagascar and Senegal all…
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High PCR test cost at KIA a hindrance to Africa integration goal – AfDB Secretary General
The Secretary General of the African Development Bank Group, Professor Vincent Nmehielle has called on government to review the $150 dollars being charged for COVID-19 testing at the Kotoka International Airport. This adds to calls by other stakeholders who have described the charge as a disincentive for the business community and tourists who wish to…
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Ghana signs MoU to host 2021 annual meetings of AfDB Group
The Secretary General of the African Development Bank Group, Professor Vincent Nmehielle, says participants at the upcoming 56th annual general meeting of the AfDB, will look at articulating policies and regulations, which will ensure that African economies become robust and better prepared, to deal with disruptive occurrences like COVID-19 in the future. The remarks were…
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Rawlings’ divestiture of SOEs, economic reforms were remarkable – Prof. Quartey
Former Head of the Economics Department at the University of Ghana and Professor at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey says some economic policies implemented during the Jerry John Rawlings era have been fundamental to the sustained economic growth Ghana is enjoying now. The first President of the 4th…
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Stay away from NAM1’s new land deal – Menzgold customers cautioned
The over 60,000 customers affected by the ongoing Menzgold saga are being cautioned against accepting a land deal being offered by CEO of the company, Nana Appiah Mensah. Leadership of the affected customers had earlier described the land deal as a second attempt by Appiah Mensah to defraud customers. Since 2018, Menzgold has struggled to…
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We’ll vote wisely to protect our jobs on December 7 – Automobile Dealers Union
The Automobile Dealers Union Ghana (ADUG) has described the upcoming December polls as a choice between destroying the jobs and livelihoods of their members or maintaining same. According to the General Secretary of ADUG, Clifford Ansu, even though Parliament passed a number of Bills before going on recess ahead of the December elections, it failed…