Tag: Economic Hardship
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Government finally makes progress on Debt Exchange Program
With barely 24 hours to the end of the deadline for the Domestic Debt Exchange Program, the government seems to have made significant progress in building consensus for the policy. The DDEP was initially met with stiff opposition when it was first introduced but it appears the dust is gradually settling on the issues. The…
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Vehicle users not changing worn out tyres due to high cost
Some dealers in vehicle tyres and vulcanisers have expressed worry about high import duties on new tyres. According to them, the high import duties have made it impossible for them to acquire materials for their work. ‘Rim 14 car tyre’ increased from GHȻ 70 to GHȻ 150 The dealers in the tyre industry indicated that…
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Togbe Afede writes: Our Self-inflicted monumental economic crisis
About six weeks ago I was in New York, and for the first time in almost three decades, I struggled to sell the economic credentials of my country. When we were approaching the runway at Kotoka International Airport, at the end of my return journey, I looked outside from my window seat, and my joy about…
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Micro Credit Association demand policies to control inflation and cedi fall in budget
Members of the Micro Credit Association of Ghana are calling on the Finance Minister, Ken Ofori Atta to introduce policies aimed at controlling inflation and stabilizing the cedi in the upcoming budget presentation. The economy has been hard hit with the effects of the depreciating cedi and the rise in inflation which is currently at…
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TAGG urges members to defy GUTA’s orders to close shops over economic hardships
The Traders Advocacy Group Ghana is urging its members to keep their shops open despite calls by GUTA to the contrary. The Ghana Union of Traders Association (GUTA) asked its members to close their shops on Wednesday in protest of the current economic situation in Ghana. The dollar rate, inflation rate, lending rate and the…
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IMF programme won’t affect free SHS, other flagship programmes – Gov’t
The Ministry of Finance says government flagship programmes like the free SHS policy, Agenda 111 among others, will not be scrapped following government’s decision to seek an IMF bailout. The Ministry says government will ensure that pro-poor policies are not affected by the IMF conditionalities. Government last Friday announced plans to seek help from the…