Category: Government
-
Cedi records poorest performance in November 2018
The local currency, the cedi, witnessed its weakest performance in November 2018 compared to the same period in 2017; a Bank of Ghana report has shown. The cedi, in relation to the dollar, recorded a depreciation of 7.82 percent as at Thursday, November 22, 2018. This was after a two month downward performance of the…
-
Compromising on rules could collapse financial sector—Senior Minister
Senior Minister Yaw Osafo Maafo has warned that Ghana’s financial system could face an imminent collapse if industry personalities continue to compromise the rules and regulations put in place to protect the system. He made the comments at the Securities and Exchange Commission’s(SEC) 20th anniversary Dinner and Awards Night here in Accra. The Securities and…
-
Ghana’s debt increases to 170.8 billion cedis – BoG
Ghana’s total debt stock has reached 170.8 billion cedis as at September 2018. A summary of economic figures released by the Bank of Ghana shows that between July and August 2018, the country added 11.4 billion cedis to its debt stock. But calculating this as a percentage of GDP, Ghana’s debt represents 57.2 percent. The…
-
GRA must open more offices to make TIN registration easier—Consultant
Tax consultant Abdallah Ali Nakyea has called on the Ghana Revenue Authority to open more offices across the country to help speed up the issuance of Tax Identification Numbers (TIN) and also help with effective revenue mobilization. His comments follow several complaints by some Ghanaians in their attempt to secure their TIN. While some say they’ve been…
-
PPA improving standards in Ghana’s procurement system
Ghanaian public and private businesses will continue to lose out on the benefits of an effective procurement system if standards are not improved immediately. That’s according to the Director of Compliance, Monitoring and Evaluation at the Public Procurement Authority(PPA) Eric Appiah. He was speaking at a Procurement Masterclass Workshop organized by the Ghana-Israel Business Chamber…
-
MTN wins 17th edition of Ghana Club 100 Awards
Scancom Ghana Limited, owners of MTN has been adjudged the best company at the 17th edition of the Club 100 awards event. Ghana Oil Company, GOIL came second with Goldfields Mining Company placing third. The Club 100 Awards is a prestigious event that is used to acknowledge the hard work, growth and contribution of corporate…
-
Henson Geodata Technologies wins tech award in South Africa
Henson Geodata Technologies Ltd (HGT), a Ghanaian registered GIS technology company was awarded the second runner up Prize out of 20 finalists at the Grand finale of the Feed the Future Fall Armyworm TechPrize held in Cape Town South Africa on 14 November 2018. It crowns a strongly contested competition for digital tools and approaches…
-
Black Friday starts today as shoppers get ready
Majority of shoppers across the world will experience some level of reduction in the prices of products they purchase from today. This follows the rolling out of the Black Friday by majority of retail shops as well as e-commerce portals in the country. The move is expected to lead to discount deals of between 10…
-
‘We are not in an era of dumsor’–Senior Minister
Senior Minister Yaw Osafo Maafo has assured that the country will not go back to the power rationing era, popularly known as “Dumsor”. According to the minister, Ghana has enough gas to supply the power generation plants, hence, will not return to the Dumsor era. Recently, there have been reports of power outages in parts…
-
BoG to publish names of staff involved in collapse of 7 banks
The Bank of Ghana has said it is soon going to publish a report that will show members of the central bank who played a role in the collapse of the seven banks. The move is aimed at helping the Bank of Ghana promote ethical behavior among its staff. Speaking to journalists on the second…