Category: Local Economy
-
Kwamina Bentsi Enchill Duker appointed as 1st CEO of Development Bank Ghana
Former Managing Director of Fidelity Bank, Asia, Kwamina Bentsi Enchill Duker has been appointed as the first Chief Executive Officer of the Development Bank Ghana (DBG). Kwamina Bentsi Enchill Duker brings to DBG, over 30 years of experience in finance and investment across different geographies including the UK, Asia and Ghana. A statement issued by…
-
Expect another fuel price hike in February – IES
The Institute for Energy Security (IES) is projecting a further increase in the prices of Liquefied Petroleum Gas (LPG), Diesel, and Petrol at various pumps across the country, over the next two weeks. According to the Institute for Energy Security, this is in spite of the suspension of the Price Stabilization and Recovery Levy (PSRL).…
-
Stop posting losses and improve performance – Akufo-Addo charges SOEs
President Akufo-Addo has charged heads of state institutions and specified entities in the country to put an end to the phenomenon of posting losses annually and to work towards become profitable institutions. Losses posted by state enterprises and specified entities in the country between 2018 and 2019 rose by 200% percent according to the 2020…
-
1.75% E-Levy is lowest tax in Ghana – Ursula
Communications and Digitalisation Minister, Ursula Owusu Ekuful believes the 1.75 percent tax on electronic financial transactions, also known as the E-Levy when compared to other taxes introduced in Ghana, is the lowest so far. She made this claim during the maiden edition of government’s town hall meeting on E-Levy held on Thursday, January 27th at…
-
Government allocates GH¢44 million to contain Bird Flu outbreak
Government has released GH¢44 million to contain the spread of bird flu across the country. This was disclosed by the Minister for Food and Agriculture, Dr. Owusu Akoto Afriyie. This comes on the back of reported cases of bird flu across the country. According to the Agric Ministry, the outbreak, which occurred in seven out…
-
Gold Fields assessing possibility of $500m investment for its Damang Mine
Leading gold mining company Gold Fields Limited says it is assessing the possibility of reinvesting up to $500 million in its Damang mine in the coming years. This reinvestment is likely to materialize the company’s assessment of the mine’s viability and plans for reinvestment are approved by leadership of the company. At the moment Gold…
-
Household incomes reducing at record levels post-COVID – GSS
Ghanaians across the country continue to record reductions in household incomes, while the cost of items such as food continues to be on the rise. This is according to a report by the Ghana Statistical Service dubbed COVID-19 households and job tracker survey 2021. The survey sampled views from a total of 7,999 households across…
-
Only NIC can issue compulsory travel insurance directive – Analyst
Insurance Analyst, Ernest Frimpong says even though travel insurance a necessity, by law, it cannot be made compulsory until the National Insurance Commission (NIC) deems it so. This is on the back of a statement issued by the National Insurance Commission, urging the public to disregard reports of a supposed mandatory ‘Akwaaba Insurance’ for all…
-
Bank of Ghana likely to maintain Monetary Policy Rate at 14.5% – IEA predicts
The Institute of Economic Affairs (IEA), is projecting an unchanged policy rate of 14.5% by the Bank of Ghana. The Monetary Policy Committee of the Central Bank is presently holding its 104th Monetary Policy Committee meeting to review developments in the economy. Speaking during a roundtable meeting on “Making Monetary Policy in Ghana More Fit-For-Purpose”…
-
Agric Ministry assures of safeguarding rice farmers amidst ongoing benchmark discussions
The Ministry of Agric says it will do all it can to safeguard the interest of rice farmers in the country, following threats that thousands of people in the rice value chain risk losing their jobs due to the benchmark discount policy in place. According to rice farmers, the benchmark value reduction policy, makes imported…