Category: Top Stories
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Stop pricing goods and services in foreign currencies – BoG warns
The Bank of Ghana (BoG) has cautioned persons pricing goods and services in foreign currencies to desist from such practices or have themselves to blame. According to the apex bank, such practices breach the Foreign Exchange Act, 2006 (Act 723) which prohibits companies and institutions from pricing, advertising, receipting, or making payments in foreign currencies…
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Gov’t urged to introduce programmes to improve employability of youth
Associate Professor at the Department of the Economics at the University of Ghana, Prof. Ebo Turkson, has challenged government and various stakeholders within the job creation space, to redesign initiatives to include soft skills training as it will improve the employability skills of the youth in the country. According to him, this will help in…
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Attributing all our challenges to COVID-19 affecting Ghana’s credibility – Seth Terkper
Former Finance Minister, Seth Terkper says Ghana’s credibility on the international market is waning due to the continuous attribution of the country’s issues to the COVID-19 pandemic and the Russian–Ukraine War. The remarks come on the back of President Nana Akufo-Addo’s recent interview with the BBC, where the President sought to defend the state of…
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Bring back national shipping line to save the cedi – GIFF
The Ghana Institute of Freight Forwarders is making a case for the reintroduction of a national shipping line, the Black Star Line. According to the institute, this will help bring competition amongst the various shipping lines while helping to address the issue of the depreciating cedi due to significant funds that are repatriated out of…
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EOCO, Ghana Association of Bankers nab 4 in GH¢200,000 SIM swap fraud
The Economic and Organised Crime Office (EOCO) in collaboration with the Ghana Association of Banks, has arrested four (4) persons engaged in SIM swap fraud. Suspects, according to a representative of the Association of Banks, Mr. Ransford Nana Addo Jnr, were picked up at various locations in the country for colluding and illegally accessing the…
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Lands Commission to inaugurate Ahafo and Bono East Regional offices
The Deputy Minister for Lands and Natural Resources, Honorable Benito Owusu-Bio would be inaugurating the Lands Commission’s Ahafo and Bono East regional offices on Thursday 7th April and 8th April 2022 respectively. It is a constitutional mandate for the Commission to establish its offices in all the sixteen regions of Ghana. The exercise also forms…
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Traders switching to cash transactions due to e-levy – TAGG
The Traders Advocacy Group Ghana (TAGG) has described as unfavorable the passage of the Electronic transaction levy (E-levy) on their daily business transactions. Though not entirely against the policy, the group has since advocated against the module of the e-levy because the members say, it will only plunge the business community back into the era…
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GUTA urges gov’t to get other countries to open their borders to facilitate trade
The Ghana Union of Traders Association (GUTA) has added its voice to calls on government to get Ghana’s neighbouring countries to also reopen their land borders, more than a week after President Akufo-Addo announced the reopening of Ghana’s land and sea borders President Nana Akufo-Addo’s announcement of a reopening of Ghana’s land and sea borders,…
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Stakeholders confirm improvement in performance of the cedi
The government’s announcement to inject two billion dollars into the economy to strengthen the Ghana cedi against the other currencies, especially the dollar, appears to be having the intended impact on the performance of the cedi. Recent reports from Bloomberg show that the cedi depreciated by 18.21 percent in the first quarter of this year.…
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GUTA heightens calls for increased access to Chinese Yuan for traders
The Ghana Union of Traders Association (GUTA) has heightened calls for increased access to the Chinese Yuan for traders who mostly import their wares from China. According to the President of the Association, Dr. Joseph Obeng, such a move is expected to reduce pressure on the Cedi, as traders will not have to get Dollars…