Author: Ellen Dapaah
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Spending in December will not increase inflation rate – Economist
Usually, Ghana’s inflation rate sees a rise ahead of a Christmas season. But this time round, things may take a different turn as economic activities return after COVID-19 hit hard in an election year. This is according to an economist, Dr. Adu Owusu Sarkodie. The inflation rate for September, which is 10.4 percent, is the…
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GSS introduces Technical Methodology manual to aid calculation of CPI
The Ghana Statistical Service (GSS) has made publicly available, the CPI Technical Methodology Manual to help citizens understand how the Consumer Price Index (CPI) is computed. The technical manual, according to the Government Statistician, Prof Samuel Kobina Annim, “is a reference tool for anyone who wishes to understand how CPI and associated inflation statistics are…
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Celltel readies to rollout Ghana Smart Cities Project worth GHS50 million
Celltel Networks Limited, a member of Kludjeson International Limited Group has signed a US$5.5 million (GHS33 million) assembling plant equipment deal with China Hainergy New Energy Corporation Limited (CHNECL) as it readies to deploy its nationwide Ghana Smart Cities project. That, in addition to the factory building, brings the whole deal to about GHS50 million.…
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Passenger services on Takoradi-Sekondi railway line to resume on October 19
Passenger services on the Takoradi-Sekondi railway line will recommence soon after it was halted for over five months due to the COVID-19 pandemic. From Monday, October 19, 2020, passenger service on the line will resume, according to a statement from the Ghana Railway Company Limited (GRCL). The statement, signed by the Acting Traffic Manager of…
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Inflation rate sees further drop in September
Ghana has for the second time, recorded a drop in inflation rate since the country recorded its first case of COVID-19 in March this year. The year-on-year inflation rate for September, which is 10.4 percent, represents a 0.1 percent drop from the 10.5 percent recorded in August this year. This essentially means that in the…
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ACEP advocates for contract transparency in extractive sector
The Africa Centre for Energy Policy (ACEP) has charged regulators of Ghana’s mining industry to implement international best mining practices in the award of contracts to ensure accountability in the extractives sector. Stakeholders in the extractive sector have constantly complained about contract agreements awarded to companies and the ineffective monitoring of the agreements. ACEP has…
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Ken Ofori-Atta writes: Africa deserves more help for COVID-19
Ghana confirmed its first two COVID-19 cases on March 12; imports from Norway and Turkey. Africa has since recorded more than 1.5 million cases and counting, though in terms of infections and deaths, we have fared better than most regions. Perhaps this is because of our youthful population, the natural social distancing of outdoor living…
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We also deserve bailout – Aggrieved Menzgold customers to SEC
Some aggrieved customers of defunct gold dealership company, Menzgold Ghana Limited have reiterated calls on the Securities and Exchange Commission (SEC) to bail them out on the basis of the principle of “equal justice.” They say the government and SEC must take the blame for their plights. “We, customers of Menzgold blame government and SEC…
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World Bank predicts COVID-19 induced economic downturn in Sub-Saharan Africa
Driven by the economic fallout of the COVID-19 global pandemic, growth in Sub-Saharan Africa is predicted to fall to -3.3 percent in 2020, pushing the region into its first recession in 25 years, according to the latest regional economic analysis Africa’s Pulse: Charting the Road to Recovery. The pandemic could also drive up to 40…
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Data controllers granted 6-month relief to regularize their operations
The Ministry of Communications has granted amnesty of six months to allow data controllers in Ghana register with the Data Protection Commission (DPC). This forms part of efforts to regulate the cyber protection space and effectively monitor all stakeholders in the space. The amnesty, starts from October 2020 to March 2021, according to the sector…