Tag: Economy
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Chinese involvement in Ghana’s economy not problematic – Nana Addo
President Nana Addo Dankwa Akufo-Addo says he finds no problem with the Chinese involvement in the Ghanaian economy. President Akufo-Addo remarked that China has proven to be a reliable partner in times of difficulty. His comment comes after an IMF report on Ghana for the year 2023 says China may take control of the country’s…
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Be fiscally responsible after IMF Board approval – Economist cautions govt
Economist, Dr. Patrick Asuming, is advising government to be more pragmatic in its fiscal policy direction post-bailout from the International Monetary Fund (IMF). His caution is on the back of financial assurances from the country’s external creditors and the anticipated International Monetary Fund board approval for Ghana. Speaking to Citi Business News, Dr. Patrick Asuming…
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Ghana losing its agric credential – Prof Bokpin bemoans
A lecturer at the University of Ghana Business School, Professor Godfred Bokpin, has bemoaned the neglect of the agricultural sector which used to be the bedrock of the nation’s economy. He explains that the service sector is being given prominence over the agricultural sector. This he argues spells doom for the country as most of…
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Economic crisis: 2023 will be our comeback year – Ofori-Atta
The Finance Minister, Ken Ofori-Atta, says the government will put in place stronger foundations in 2023 to change the country’s economy for the better. Mr Ofori-Atta made the comments when he addressed the public on Monday regarding the suspension of the external debt payment. “The ensuing years will focus on building an entrepreneurial and export-driven economy…
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AGI urges businesses to employ innovative strategies to control economic hardships
The Association of Ghana Industries, AGI, is urging industry players to adopt innovative ways to come out of the challenges that confront their industries. Their call comes as businesses are currently grappling with economic challenges confronting the country. Speaking during the Accra Regional Annual General Meeting of the Association, Greater Accra Regional Chairman of AGI,…
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Cedi depreciation likely to slow down – Dr. Patrick Asuming
The current rate of the Cedi’s depreciation is likely to slow down, if government is able to conclude its negotiations with IMF on time, as well as introduce effective policies in the upcoming 2023 budget reading next month. This is according to Economist Dr Patrick Asuming. A latest Bloomberg report has ranked the Ghana cedi…
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Ghana’s economy not doing badly but can be better – Absa Bank’s Jacob Brobbey
The acting Head of Markets of Absa Bank, Jacob Brobbey, says Ghana can do more to strengthen its economy and make it more attractive to investors. He said Ghana’s economy is doing well compared to other countries on the continent, especially amidst major challenges such as COVID-19 that hit the country in 2020. According to…
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European Union, Ghana launch €203M joint programme
The European Commissioner for International Partnerships, Ms. Jutta Urpilainen, and the Minister of Finance, Mr Ken Ofori-Atta, officially launched the Multiannual Indicative Programme for Ghana for 2021-2027 on Thursday, March 31, 2022. The ceremony took place during the Commissioner’s visit to Ghana on 30 and 31 March. A representative from the Ministry of Agriculture, Ambassadors…
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Ofori-Atta to address Ghanaians today on measures to revive economy
Finance Minister, Ken Ofori-Atta, will today, Thursday, address Ghanaians on decisions taken by the government to address recent economic challenges facing the country. Ken Ofori-Atta is expected to give details of measures adopted by government to revive the struggling economy, a fallout from the the three-day Cabinet retreat held at the Peduase Presidential Lodge over…
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TUC alarmed by rising fuel prices; demands suspension of taxes on petroleum products
The Trades Union Congress (TUC) has expressed worry over the frequent rise in the prices of petroleum products. The Union says the situation is having a huge toll on the general welfare of the populace and the business community. In a statement, the Union maintained that the unstable fuel prices have led to increases in…