Category: Top Stories
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Economist predicts inflation driven hike in Ghana’s monetary policy rate.
Economist and lecturer at the University of Ghana Business School (UGBS), Dr. Patrick Opoku Asuming is confident the Bank of Ghana will soon increase its Monetary Policy Rate above the current 14.5%. This, according to him, is due to the rising inflation in the country and developments on the global scene especially the likelihood of…
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Gov’t still committed to passing condominium bill – Works and Housing Minister
The Ministry for Works and Housing says it has not relented on its efforts in getting the Condominium Bill to be passed to regulate activities in the housing sector. The Ministry began processes to pass the bill in efforts to regulate the possession of both residential and non-residential condominiums in Ghana, but five years down…
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We’re monitoring Ghana’s recovery; a program request has not been made – IMF
The International Monetary Fund (IMF) has indicated that Ghana is yet to request a financial program from the institution. This comes on the back of calls, by some stakeholders, for Ghana to seek a bailout from the IMF to address its current economic challenges. Despite harsh criticisms, the government continues to maintain that the most…
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Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank
The World Bank is urging African countries to expand and diversify their participation in international trade and global value chains to reduce poverty on a large scale and transform their economies. According to the Bank, the continent must go beyond trade in raw materials and link its production and trade to the global economy to…
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Tetteh Quarshie cocoa farm to become one of the best tourist sites – GTA CEO
The Ghana Tourism Authority is hopeful that the Tetteh Quarshie cocoa farm will become one of the best tourist sites in a few years to come. The Authority believes the current development being done on Ghana’s first cocoa farm will help attract more tourists and investors to grow the awareness and consumption of Ghana’s cocoa.…
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‘We are not going to the IMF’ – Ofori-Atta insists amid push for E-levy
Finance Minister, Ken Ofori-Atta, says Ghana will not seek a bailout from the International Monetary Fund, IMF, despite the current economic challenges. Mr. Ofori-Atta says government will consider home-grown solutions to deal with the difficulties because the country has what it takes to turn its ailing economy around. Speaking at the third in a series of town…
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Don’t delay in announcing new MD for GACL – Workers urge gov’t
Workers at the Ghana Airport Company Limited (GACL) have called on the government not to delay in announcing a substantive head for the institution. The call follows the dismissal of the Managing Director of the Ghana Airports Company Limited, Mr. Yaw Kwakwa. The termination of the appointment of Mr. Kwakwa is captured in a letter…
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National Chocolate Week: GTA optimistic of a boost in chocolate products to push sector
The Ghana Tourism Authority is optimistic that this year’s National Chocolate week will make chocolate tourism a key feature of its product offerings. The National Chocolate Week celebration, under the theme: ‘Eat Chocolate, Stay Healthy, Grow Ghana’, and sub-themed ‘Our Chocolate, Our Health, Our Wealth’, is part of efforts to promote the domestic consumption of…
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GACL Governing Board holds cordial discussions with staff, union leaders
Members of the Governing Board of the Ghana Airports Company Limited (GACL) has met with staff of the company, as well as the leaders of the company’s workers union. The meetings, held on February 9, 2022, were characterized by cordial discussions between all the stakeholders on the affairs of the company. This follows the termination…
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Rent and Transport associated prices push inflation to almost 14%
A significant increase in prices associated with Housing, Water, Electricity, Gas and other Fuel (28.7%), as well as Transport (17.4%), has pushed the rate of inflation for January 2022 to 13.9 percent. This is captured in the Consumer Price Index (CPI) data for January 2022, released by the Ghana Statistical Service. The rate is 1.3…