Category: Featured
-
Suppress appetite for high-interest loans – ISSER cautions govt
The Institute of Statistical, Social and Economic Research (ISSER) has cautioned the Government to suppress its appetite for high-interest loans. Professor Peter Quartey, Director, ISSER, noted that Ghana’s ongoing US$3 billion loan-support programme with the International Monetary Fund (IMF) could soon position the country to access loans on the capital market. He said this in…
-
114th MPC meeting: Economic assessments begin amidst marginal inflation fall
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has commenced its regular meetings to review developments in the economy. This is the 114th meeting of the Committee and is expected to decide on steps to ensure financial and economic stability. Dominating the MPC meeting will be the policy rate decision aimed at…
-
Ghana remains world’s largest borrower under our poverty loan facility – IMF
Ghana has still emerged as the country across the globe with the highest outstanding loan under the Poverty Reduction and Growth Trust (PRGT) at the International Monetary Fund (IMF). The Poverty Trust which is one of the funds countries can draw credit from is specifically to support the potential balance of payment problems of low-income…
-
Govt, EU, FAO launch €10m project to address food security in Northern Region
The European Union (EU), the government and the Food and Agriculture Organization of the United Nations (FAO) have launched a 10 Million Euro project to support vulnerable populations grappling with food insecurity in Northern regions. In a joint statement issued by these groups, more than 50,000 people will benefit from the 3-year project. The project…
-
Ghana’s IMF debt ranking a bad investor signal – Lord Mensah
Finance Lecturer at the University of Ghana Business School, Professor Lord Mensah has expressed fears that Ghana’s already dwindling investor confidence will further be exacerbated as the government struggles to bring debt levels to a sustainable path. The economist’s comments come on the back of the International Monetary Fund’s (IMF) latest quarterly report which put…
-
Menzgold CEO NAM 1 granted GH¢500m bail
The CEO of defunct Menzgold Ghana Limited, Nana Appiah Mensah, has been granted bail to the tune of GH¢500 million with four sureties, none to be justified. He has also been directed to deposit his passport at the court registry as part of the bail conditions. This follows his plea of not guilty to 39…
-
Suspension of permits for new cement factories to boost local manufacturing sector
Government has explained that, the suspension of permits the construction of new factories for the manufacturing and bagging of Portland cement in the country will boost confidence within the local manufacturing sector. According to government, the temporary ban will create a coordinated mechanism for regulatory institutions to issue permits before the authorization of construction works.…
-
1D1F: 126 factories now operational, over 160k jobs created – Govt
The Minister of Trade and Industry, KT Hammond, has disclosed that 126 projects are currently in operation under the government’s One-District-One-Factory policy. According to him, about 300 established companies are also at the various stages of completion, actively taking part in the supply chain. Addressing the Ghana Industrial Summit and Exhibition 2023, on September 18,…
-
Pensioner bondholders reject new DDEP; petition Finance Ministry
The Pensioner Bond Holders Forum is resisting attempts by the government, to include them in the next round of the Domestic Debt Exchange Programme (DDEP). The group which was initially excluded from the debt restructuring earlier this year is demanding their removal from the government’s reopened DDEP. Addressing journalists in Accra on Monday, September 18,…
-
Product packaging: 87% of industries in Ghana use plastics despite waste concerns
Data from the Ghana Plastic Association indicate that about 87 per cent of industries in Ghana are heavily using plastic materials for packaging despite the country’s strong commitment to ensure sustainable consumption and production as outlined in Sustainable Development Goal 12. SDG 12.5 seeks to ensure that by 2030 waste generation will be substantially reduced…