Category: Top Stories
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Passage of e-levy bill unfortunate – Prof. Bokpin
Economist, Prof. Godfred Bokpin is disappointed that the Majority Caucus in Parliament has passed the controversial electronic transfer levy bill. The e-levy has been a major source of tension in Parliament and even among the public since it was introduced in the 2022 budget. But Parliament on Tuesday passed the e-levy bill without the Minority…
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COCOBOD partners Academy of Arts and Sciences to boost cocoa consumption
The Ghana Cocoa Board (COCOBOD) and the Ghana Academy of Arts and Sciences (GAAS) have joined forces to conduct extensive research into the use of cocoa in the treatment of some global life-threatening diseases. The collaborative project seeks to further explore the health benefits of cocoa to encourage its consumption. This latest move between GAAS…
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COCOBOD warns of possible fertilizer shortage over Russia-Ukraine war
The Ghana Cocoa Board, COCOBOD, is predicting fertilizer shortage for cocoa farmers in the coming years. Chief Executive Officer of COCOBOD, Joseph Boahene Aidoo, attributed the impact of COVID-19 and the current Russia-Ukraine war as reasons for the potential shortage. “Russia, Ukraine, and Belarus are the three countries that produce the base elements for fertilizer…
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Ghana’s international air traffic in 2022 should exceed 2.1 million – Aviation analyst
Total international air traffic for Ghana via the Kotoka International Airport (KIA) should exceed 2.1 million people by the end of 2022, as a result of the latest easing of measures announced at the airport by President Akuffo-Addo on March 27, 2022. This is according to Aviation Analyst Sean Mendes. According to the President, fully…
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Gov’t urged to be accountable for new interventions rolled out to revive economy
Economist with Databank, Courage Martey has urged the government to be accountable in the quest to reap maximum impact off the interventions and cost-cutting measures rolled out to revive the economy. The government has committed to further spending cuts amid the rising cost of living and growing sense of economic hardship. These new measures will…
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Reversal of COVID-19 era reliefs to banks will mop up excess liquidity – Nana Otuo
Banking consultant Nana Otuo Acheampong is confident that the reversal of the COVID-19 era reliefs given to Universal Banks, will help in mopping up excess liquidity within the banking system. According to him, instead of lending to the private sector, banks in the country continue to use the excess liquidity they have to buy treasury…
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BoG advises against negative speculation about the Ghana Cedi
The Bank of Ghana has called out persons and groups that continue to negatively speculate about the Ghana Cedi with the hope that the local currency will continue to depreciate against the US Dollar. While data from the Central Bank shows that the Cedi had depreciated by about 15%, in the first 3 months of…
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Finance Minister outlines seven measures to raise revenue domestically
Finance Minister, Ken Ofori-Atta, has announced some seven measures to raise revenue domestically as part of efforts to address the current economic challenges. According to him, cutting down on expenditures alone will not be enough to revive the ailing economy and that the government’s focus is two-fold: to control expenditure and to raise more revenues…
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Gov’t slashes fuel coupons for appointees by 50%
Government appointees will have to endure a reduction in their fuel coupons as the government initiates steps to cut down on its expenditure. The Minister of Finance, Ken Ofori-Atta in his address to the nation on Thursday, March 24, 2022, announced a 50% decrease in the fuel allocations for government appointees. “These times call for…
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Fuel prices reduced by 15 pesewas per litre effective April 1
Fuel prices in Ghana will go down by 15 pesewas per litre effective April 1, 2022. This reduction will be in place for three months. This was disclosed by the Minister of Finance, Ken Ofori-Atta, on Thursday, March 24, 2022, while announcing measures put in place by the government to cushion Ghanaians against current economic…