Category: Local Economy
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$1bn SDR allocation will avoid out-crowding of private sector – Economist
Economist Courage Martey is confident the crowding out of the private sector in accessing funds could be averted if the government opts to draw down from the US$1 billion it received from the International Monetary Fund (IMF), as part of the new Special Drawing Rights (SDRs) allocation to boost the post-COVID economic recovery of member…
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Real estate players confident of a yuletide boom despite omicron concerns
The Real estate industry in Ghana was negatively impacted by the outbreak of the COVID-19 pandemic. Despite this, players in the space were confident of a boost this year following the availability of vaccines which proves to have a level of efficacy. However, with news of the new Omicron variant of the virus, what are…
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MOFA urges tomato traders not to buy from Burkina Faso this festive season
The Ministry of Food and Agriculture is urging tomato traders in the country to desist from travelling to Burkina-Faso to buy tomatoes this festive season as local producers will be able to supply enough to meet their demand. The Tomato traders and transporters association embarked on a strike in February this year due to what…
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2022 economic outlook positive, but potential risks must be monitored – BoG Governor
Governor of the Bank of Ghana, Dr. Ernest Addison has assured of intensified surveillance of the economy to ensure that the unpredictabilities surrounding food prices, petroleum price adjustments, among others do not exert inflationary pressures on the country’s economic outlook for 2022. Ghana’s inflation rate for 2021 has witnessed an upward trend in recent times.…
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GSE rewards stakeholders and staff on its 30th anniversary awards and dinner night
The Ghana Stock Exchange (GSE) has celebrated various stakeholders at its 30th anniversary awards and dinner night, which was rescheduled due to COVID-19 last year. Long-serving staff and various stakeholders who have contributed in diverse ways to the growth and the development of the Exchange received several awards. The awards ceremony was graced by the…
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Telco’s committed to March deadline for sim registration exercise – Dr. Ken Ashigbey
With a little over 3 months to the end of the ongoing SIM registration exercise, the CEO of the Ghana Chamber of Telecommunications Ing. Dr. Kenneth Ashigbey says his members are committed to helping government achieve its ambitious target of registering all SIM cards by the end of March 2022. According to the government, the…
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Kotoka Airport: Airlines to pay $3,500 on each unvaccinated passenger they bring in
As the omicron variant of covid-19 threatens to erode gains made in the fight against the pandemic, Ghana’s health authorities and the Aviation Authority, have issued strict guidelines to airlines flying passengers into the country. In a statement announcing new plans to guard against another wave of COVID-19 infections, the authorities said effective Tuesday, December…
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GOIL to lose GH¢9M monthly over fuel price reduction, it’s not sustainable – COPEC
The Chamber of Petroleum Consumers (COPEC) is worried that the directive to GOIL to reduce fuel prices could cost it GH¢9 million every month, insisting that is not a sustainable solution. Speaking on Eyewitness News, the Executive Secretary of COPEC, Duncan Amoah, said the directive was “very problematic” because of the possible effects on GOIL.…
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GAWU urges government to address fertilizer challenges amidst farmers day celebrations
The General Agricultural Workers Union (GAWU) is urging the government to ensure there is enough fertilizer for the country’s next major planting season. They further want the government to put in place adequate measures to prevent the smuggling of the product. The agricultural sector has been plagued with a number of challenges in the past…
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SSNIT assures pensioners of regular payment of pensions
The Social Security and National Insurance Trust (SSNIT) has assured stakeholders that the Trust presently has enough reserves to pay all accruing benefits due to members and their validly nominated dependents. Managers of the Scheme said concerns raised in the 2017 actuarial valuation report, referred to by the Africa Centre for Retirement Research (ACRR), were being…