Category: Featured
-
Women in Ghana paid 34.2% less than men
Data from the first quarter of the 2022 Annual Household Income and Expenditure Survey (AHIES) indicates that among paid workers, women earned 34.2 percent less than men. The estimated gender wage gap adjusts for age, approximate years of work experience, highest level of education attended, main occupation, industry, employment sector, and region of residence. The…
-
Accra: Fire guts several shops at CMB
Fire has gutted several shops at CMB, behind Kantamanto in Accra, destroying goods worth millions of Ghana cedis. The cause of the fire which started around 5:00 am on Sunday is currently unknown. Firefighters from the Ghana National Fire Service (GNFS) were quickly dispatched to the scene, but the fire had already spread to several…
-
MTN Alert: Report MOMO agents over illegal split transaction
The Mobile Telecommunications Network (MTN) has declared that the act of split cash transaction is illegal, urging its clients to report any Mobile Money (MOMO) agent who engages in such unlawful practice for action. The MTN charges for mobile money cash transactions at a fixed rate pegged at GH₵10 cedis on GH₵1000 and above for…
-
64% increase in cocoa price woefully inadequate – GNACOF
The Ghana National Association of Cocoa Farmers (GNACOF) has described the 64 percent increase in the producer price of cocoa announced by the government as woefully inadequate and that farmers will likely continue to smuggle cocoa to Ivory Coast where prices are higher. GNACOF President Stephenson Anane Boateng said the government needs to do more…
-
Incomes of 22 million Ghanaian households decline post COVID-19
Almost half of the world’s population is currently impoverished. Extreme poverty according to the World Bank is the number of people living on less than US$ 2 a day. This is equivalent to about GHS 22. In Ghana, 22 million households are estimated to be living below the international poverty threshold. According to the Ghana…
-
No more permits for new factories manufacturing, bagging Portland cement in Ghana
The Ministry of Trade and Industry has suspended the granting of permits for the construction of new factories for the manufacturing and bagging of Portland cement. The directive, which took effect on September 13, 2023, was announced in a statement signed by the Minister of Trade and Industry, KT Hammond emphasising that all processes leading to…
-
Attack on BoG leadership over GH₵60bn loss needless – Ofori-Atta
The Finance Minister, Ken Ofori-Atta, has emphasized that the primary objective of the Bank of Ghana, like all central banks, is not to generate profit. In an article titled “Standing Strong With The Bank of Ghana,” he addressed the importance of managing the central bank as a financially sustainable institution, rather than focusing solely on…
-
Govt reopens domestic debt exchange program
Government has reopened its Domestic Debt Exchange Program (DDEP). This to enable individuals who could not sign up to the initial debt restructuring exercise but wish to participate do so now. With this announcement from the Ministry of Finance, the window has been opened for interested investors seeking to hold onto government papers as government…
-
Govt. urged to ensure full implementation of local content law
Energy analyst, Benjamin Nsiah has emphasized the crucial role of relevant stakeholders in ensuring the full implementation of the local content policy to foster the growth of the local economy. He highlights the importance of leveraging the recent developments in the oil and gas industry, particularly the commissioning of Jubilee South East in the Western…
-
Inflation for August drops to 40.1% from 43.1%
Inflation has dropped to 40.1% in August 2023, from 43.1% recorded in July 2023. This means that in the month of August 2023, the general price level was 40.1 percent higher than in August 2022 Food inflation also decreased to 51.9% in August, from 55.0% in July. Inflation for imported products registered a rate lower…