Author: Ellen Dapaah
-
GAWU laments lack of gov’t policy to boost food production
The General Agricultural Workers Union is lamenting the government’s failure to implement policies that will ensure a boost in production of food this year. According to the General Secretary of the Union, Edward Kareweh, the current situation being faced by farmers with fertilizer subsidy and high cost of production will lead to a low output…
-
PIAC asks GNPC to quit giving out loans to gov’t until significant recoveries are made
The Public Interest and Accountability Committee (PIAC) has advised the Ghana National Petroleum Corporation (GNPC) to desist from granting loans and guarantees until recoveries are made with reference to outstanding loans. This comes after reports that the Petroleum Corporation could not realize its budgeted revenue from loans and guarantees due to debts owed it by…
-
IES predicts relatively stable fuel prices in the second pricing window of April
Consumers of fuel can heave a sigh of relief for the remaining weeks in April because the Institute of Energy Security (IES) is projecting relative stability in the price of fuel on the local market in the second pricing window of this month. According to the Institute, this is attributed to the 1.5 percent cedi…
-
Ghana’s oil revenue up 17.5% despite decrease in production – PIAC
Data from the Public Interest and Accountability Committee (PIAC) has disclosed that Ghana’s revenue from oil production saw an increase to a record US$783.33 million in the year ending 2021. This represents a 17.5 percent increase in revenue from the US$666.39 million recorded in 2020. According to PIAC, this increase is due to higher crude…
-
MoFA clarifies reports of an authorised $13.7 million soyabean export deal
The Ministry of Food and Agriculture has clarified reports that it has authorized a 13.7 million dollar soyabean export deal a day after it announced a restriction on the exports of maize and soyabean. According to the Ministry, the information is distorted, as the soyabean export deal preceded the new restriction on the exportation of…
-
MoFA pledges to check smuggling of maize, soyabean following restriction on grains exportation
The Ministry of Food and Agriculture has pledged to intensify its efforts to check the smuggling of maize and other grains to other countries. This follows government’s restriction on the export of maize and soya beans to ensure food security and increase local poultry and livestock production. The General Secretary of the General Agricultural Workers…
-
Dr. Bawumia’s speech did not address current economic challenges – Economist
Economist, Dr. Patrick Asuming has stated that Vice President Dr. Mahamudu Bawumia’s presentation on the state of the economy on Thursday, did not fully address the current economic challenges Ghanaians are facing. According to him, Dr. Mahamudu Bawumia presentation was uninspiring because it did not offer hope to the ordinary Ghanaian. The speech was necessitated…
-
Bawumia defends govt’s handling of Ghana’s ailing economy
Vice President Dr. Mahamudu Bawumia, has mounted a strong defense for the government’s handling of the Ghanaian economy in light of rising criticisms from stakeholders over the last few years. In a lecture on the state of the economy on Thursday, he maintained the management of the fundamentals of the economy has been successful even…
-
The Mastercard Foundation and IDH partner to strengthen Ghana’s grain market with ‘Grains for Growth’ program
The Mastercard Foundation and IDH – the Sustainable Trade Initiative, has announced the launch of an innovative partnership, dubbed Grains for Growth, to transform Ghana’s grains market. The Program aims to develop inclusive and economically viable grain-supply chains that will offer employment and entrepreneurship opportunities, contribute to better incomes and improve livelihoods of farmers, especially…
-
Stakeholders confirm improvement in performance of the cedi
The government’s announcement to inject two billion dollars into the economy to strengthen the Ghana cedi against the other currencies, especially the dollar, appears to be having the intended impact on the performance of the cedi. Recent reports from Bloomberg show that the cedi depreciated by 18.21 percent in the first quarter of this year.…