Author: Ellen Dapaah
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Economist optimistic IMF bailout program will boost investor confidence
The Director of the Institute of Statistical, Social and Economic Research at the University of Ghana, Prof. Peter Quartey is optimistic that the interest being shown by the International Monetary Fund (IMF) to save Ghana’s economy will boost investor confidence in the country. The Ministry of Finance on Monday confirmed that its officials and of…
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Ghanaians still urged to complete SIM re-registration process as Sept 30 deadline dawns
With just day more to the deadline for the SIM card re-registration exercise, Ghanaians who have still not registered their cards are being asked to do so within the shortest possible time. After several postponements of the deadline for the exercise, the government announced the final extension of the deadline to today, September 30, after…
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IMF allays fears of debt restructuring speculations
The International Monetary Fund (IMF) has allayed the fears of Ghanaians on the back of reports that discussions were set to begin on the restructuring of the country’s debt as part of plans to secure a US$3 billion loan from the Fund. The Bretton Woods Institution insists the restructuring of Ghana’s debt will be dependent…
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Debt restructuring needed despite possible economic shocks – Prof. Bokpin
Economist Prof Godfred Bokpin insists the painful adjustment of debt restructuring is needed to save the economy. The government is expected to commence talks with either domestic or external bondholders as part of efforts to restructure the country’s cedi debt ahead of plans to secure a US$3 billion loan facility from the International Monetary Fund…
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GRIDCo heightens advocacy for relocation of AMERI plant to Kumasi
The Ghana Grid Company Limited (GRIDCo) is still advocating the relocation of the AMERI plant from Aboadze in the Western Region to Kumasi in the Ashanti Region. Following the takeover of the power production plant by government earlier this year, the government disclosed its strategic plan of relocating it to Kumasi to improve the reliability…
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Ghana Exim Bank lauded for its special edition of Tuesday market
Management of the Ghana Exim Bank has been lauded by key stakeholders within the Trade and Finance sector as well as players in the Small and Medium Enterprise (SME) and Creative Arts industry for its effort in the promotion of Made-In-Ghana products and services. The Bank held a special edition of its popular SME Fair…
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Ghana needs major governance reforms to save economy – Economist
Economist, Prof Godfred Bokpin, is highlighting the need for major governance reforms in the country to save the economy. This call comes on the back of the recent downgrade by international ratings agency Fitch. For the second time this year, Fitch has downgraded Ghana’s credit worthiness to ‘CC’ or further junk status, from ‘CCC’. There…
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Melcom unveils rejuvenated identity with new brand logo
As a strategic plan to move Melcom to a new level in the service industry, Ghana’s largest retail shopping centre, Melcom Plus has unveiled a new logo and other new packages three decades after its establishment. This new identity, according to managers of the company, is purported to bring the world to Ghana via its…
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QIC unveils latest brand icon for its Go Girl Insurance Policy
As part of efforts to empower more women and rope in more women to patronize insurance policies in Ghana, Quality Insurance Company (QIC) Limited has unveiled a new brand icon for its Go Girl Insurance Policy. QIC’s Go-Girl Policy, borne of the company’s flagship policy, Kingly Queenly Comprehensive Motor Insurance, is a vehicle insurance policy…
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Car dealers to protest over 35% penalty on duties on imported vehicles
The Vehicle and Assets Dealers Union of Ghana has disclosed that plans are underway to embark on a demonstration against the government’s decision to slap a 35% penalty on imported used vehicles which are between one and five years old. The Customs (Amendment) Act 2020, Act 1014, intends to discourage the importation of second-hand vehicles…