Category: News
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Government spends GH¢2.9 Billion on PFJ while Agric sector growth stagnates at 0.7% – Minority
Government spending on its flagship agricultural program, Planting for Food and Jobs (PFJ), introduced in 2017, has reached an estimated GH¢2.9 billion, according to statements made by the minority in Parliament. A breakdown of the expenditure reveals that the government allocated GH¢400 million in 2018, GH¢380 million in 2019, and GH¢400 million in 2020. Additionally,…
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Collaborate to deal with perceived risk of investing in Africa – Amin Adam to African countries
The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, has urged African countries to collaborate to address the perceived risk of investing in Africa. The minister said that available data suggests that out of the $2.3 trillion allocated for investment in renewable energy worldwide, only $55 billion has been invested in Africa,…
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IMF bailout: Ghana on track to receive second tranche – Ofori-Atta
Finance Minister Ken Ofori-Atta says Ghana is on track to receive the second tranche of the IMF bailout cash in December to support the government’s balance of payments (BOP) for 2023 and 2024. The Bank of Ghana’s June 2023 summary of the Economic and Financial Stability Report shows that the bank’s BOP at the end…
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Shareholders commend Access Bank’s first half performance
Shareholders have commended Access Bank Ghana for its strong return to profitability in the first half of the year, from the effects of the Domestic Debt Exchange Programme which had a toll on the entire banking sector last year. The commendation came during an interaction session held by the Ghana Stock Exchange for its listed…
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Oversubscription of govt treasury bills to continue over DDEP gains – Analyst predicts
Financial analyst, Courage Boti is predicting that government’s treasury bills will continue to be oversubscribed in the coming weeks. This, he attributes to gains made by the government in its debts restructuring exercise. The government has recorded an oversubscription of its treasury bill for two weeks in a row, with last week registering roughly 15.10…
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IMF deal: Ghana stands ready to unlock second disbursement – Economist
Economist, Dr. Patrick Assuming is optimistic Ghana will be able to receive the second tranche of $600 million from the International Monetary Fund (IMF) after the review of the bailout programme later in September. A visiting team from the Fund is expected to arrive in Ghana to assess the country’s eligibility for the second disbursement.…
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Capital market access: Amin Adam stresses on fairness for African countries
The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam has emphasized the urgent need for a flexible environment for developing countries, including Ghana, to borrow freely from the international capital market. He believes that the current system, whereby development partners finance countries with stringent policy conditions, is impeding the socio-economic development of…
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Govt. urged to commit more investments to enhance AI competencies
Government has been encouraged to commit more investment towards building the competencies of the student population in using Artificial Intelligence (AI) to help transform the country in the technological space. This, according to Deep Learning Indaba, a non-profit organization will strengthen machine learning and promote African innovators towards economic resilience. Delali Agbenyegah is one of…
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Republic Bank ‘Tap for Easter and beyond’ credit card promo: Winners receive prizes
Three lucky winners in the Republic Bank ‘Tap for Easter and Beyond’ Credit Card Promotion were presented with their prizes at a brief ceremony held at the Bank’s head office, Ebankese, in Accra. The first prize, a two-day staycation for two at the Aqua Safari Resort was won by Pharmacy Direct, the second prize, dinner…
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Ghana to host 2023 West African Monetary Zone mid-year statutory meetings
The Government of Ghana under the auspices of the Ministry of Finance and the Bank of Ghana, is set to host the 2023 Mid-Year Statutory meetings of the West African Monetary Zone (WAMZ) from 5th to 15th September 2023. The event, held in coordination with the West African Monetary Agency (WAMA), the West Africa Institute…