Category: Top Stories
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Poultry farmers unhappy budget review did not address scarcity of feed
The failure of the Finance Minister to address the recent shortage of poultry feed in the mid-year budget review has come as a shock to the Poultry Farmers’ Association. Poultry farmers in the country are still struggling to find feed for their birds, and they were expecting the Finance Minister to announce government’s plans to…
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Government collects GHS28.3 billion in 1st half of 2021; misses target by 13%
Government has missed its half-year revenue target by about 13%. Total Revenue and Grants from January to June this year amounted to GHS 28.3 billion as against a programed amount of GHS 32.4 billion. The government performed better on the expenditure front as it fell short of its programmed amount by about GHS 5 billion,…
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New Board takes office to steer affairs of Ghana Grid Company
The Ghana Grid Company has sworn into office, a new Board to oversee its affairs. The new composition comes at a time of rapid development and growth in the power sector, with key projects currently underway to establish consistent power supply and delivery across the country. The Board is led by His Excellency, Ambassador Kabral…
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Mid-Year budget review: Poultry farmers in Ashanti Region advocate for insurance scheme
Ahead of the mid-year budget presentation by the Finance Minister, Ken Ofori-Atta, poultry farmers in the Ashanti region, are calling for a poultry insurance system to be initiated to support their members. They believe this will provide security to poultry farmers during outbreaks and also make financial institutions comfortable in dealing with them. In an…
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2021 growth, inflation and fiscal deficit targets likely to be missed – Economist
A key feature of all budgets are the macroeconomic targets set out in the respective statements. The targets give an idea of the confidence level in the structure and fortunes of the economy for the period in question. Before giving updates on progress made with the implementation of government’s programs and policies in 2020, as…
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Over 41.4 million voice subscriptions push mobile penetration over 133%
The total number of mobile voice subscriptions in the country for the month of March 2021 has increased to over 41.4 million. The National Communications Authority’s latest industry information said the four mobile network operators account for the over 41.4 million subscriptions, representing a 0.82 percentage increase from February’s figure of 41 million subscriptions. According…
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Value of MoMo transactions shoots up by almost 100% in June 2021
The value of mobile money transactions has increased by almost 100 percent in the last twelve months. The total value shot up by 96.7 percent from June 2020 to June 2021. On a monthly basis, the value of transactions from May to June saw a minimal increase of about 3 percent. This is contained in…
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Aircraft accident investigation bureau to commence simulation exercise
The Aircraft Accident and Incident Investigation and Prevention Bureau says it will begin a simulation exercise to guide the public and other stakeholders on what to do when an accident occurs at the airport. According to the Bureau, this is crucial to the safety of the aviation sector and is an effort to minimize the…
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Ghana’s economic outlook improving but with significant uncertainty – IMF
Despite Ghana’s gradual recovery from the COVID-19 shocks, the economy is still facing some significant uncertainty, including new pandemic waves and risks associated with large financing needs and increasing public debt. This is according to the concluding statement of the International Monetary Fund’s Executive Board following the end of Article IV Consultation with Ghana. According…
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Mid-year budget review: Energy consultant calls for removal of some petroleum taxes
Ahead of the presentation of the 2021 mid-year budget review today, Thursday, July 29, 2021, Energy Consultant, Dr. Yussif Sulemana, says he expects the government to review some taxes introduced in the petroleum sector. He argues that as oil prices on the global market continue to surge, the government stands to make up for any…