Category: Top Stories

in Local Economy, Top Stories

The Economist Intelligence Unit predicts that Ghana’s GDP growth rate will drastically slow to 1.3% in 2023, due to rising prices and monetary tightening leading to a contraction in domestic demand. This is lower than the projections of the World Bank and the International Monetary Fund. The slowdown will result in reduced consumption and sustained…

EIU predicts delay in IMF Board approval for Ghana

Apr 30, 2023

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in Local Economy, Top Stories

Ghana’s hope of securing an International Monetary Fund board approval soon is expected to delay owing to prolonged external debt-restructuring negotiations, and the involvement of numerous stakeholders in the process. This is according to London-based economic and political analyst, the Economist Intelligence Unit (EIU). The EIU in its 2023 Country Report on Ghana, stated that…

UN to commit over $500 million to Ghana towards achieving SDG targets

Apr 30, 2023

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Emmanuel Oppong

in Local Economy, Top Stories

The United Nations Resident Coordinator to Ghana, Charles Abani has disclosed that the UN is set to commit over $500 million dollars to Ghana. According to him, this amount when fully disbursed to the country will help Ghana achieve its targets for the Sustainable Development Goals which will open up the country for growth. Charles…

Exempt Ghana’s basic education sector from brutal expenditure cuts – CSOs to IMF

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Africa Education Watch (Eduwatch) together with representatives of over 600 Civil Society Organisations (CSOs) have petitioned the International Monetary Fund (IMF) board to exempt Ghana’s basic education sector from what they described as brutal expenditure cuts ahead of the bailout programme. The CSOs explained that the expenditure cuts arise from Ghana’s bid to meet conditionalities…

Cocoa sector not collapsing – COCOBOD rejects Mahama’s claims

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The Ghana Cocoa Board (COCOBOD) has refuted former President John Dramani Mahama’s claim that Ghana’s cocoa sector has collapsed. Former president Mahama while addressing party supporters and branch executives in the Western North Region on a campaign tour on Tuesday, April 25 said the cocoa sector is on the verge of collapse under Akufo-Addo’s government. But COCOBOD…

GRA set to implement 3 new taxes on May 1

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The Ghana Revenue Authority (GRA) has announced that the implementation date for the new and revised taxes, which were introduced in the 2023 Budget, will be May 1, 2023. The GRA issued a notice stating that businesses have had sufficient time to configure their systems for the taxes since the laws were passed. The new…

Pensioners to resume picketing at Finance Ministry over delayed coupon payments

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The Pensioner Bondholders Forum will return to the Finance Ministry today, Friday April 28, 2023, to demand that matured coupons and principals of their bonds are paid. The government has failed to meet its obligations to pensioner bondholders who were exempted from the Domestic Debt Exchange Programme (DDEP) and to individual bondholders who did not…

BDCs import fuel at cheaper prices than govt’s gold for oil programme – BOST boss

Apr 27, 2023

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According to Edwin Provencal, the Managing Director of Bulk Oil Storage and Transportation (BOST) company, some private Bulk Distribution Companies (BDCs) have been importing petroleum products at cheaper rates than under the government’s gold-for-oil program. This program was initiated by the government as a response to the recent depreciation in the value of the cedi…

Volta: ECG to disconnect customers after PURC approved 14-day grace period

Apr 27, 2023

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