Tag: Ghana News
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Pensioner bondholders reject new DDEP; petition Finance Ministry
The Pensioner Bond Holders Forum is resisting attempts by the government, to include them in the next round of the Domestic Debt Exchange Programme (DDEP). The group which was initially excluded from the debt restructuring earlier this year is demanding their removal from the government’s reopened DDEP. Addressing journalists in Accra on Monday, September 18,…
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Women in Ghana paid 34.2% less than men
Data from the first quarter of the 2022 Annual Household Income and Expenditure Survey (AHIES) indicates that among paid workers, women earned 34.2 percent less than men. The estimated gender wage gap adjusts for age, approximate years of work experience, highest level of education attended, main occupation, industry, employment sector, and region of residence. The…
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Accra: Fire guts several shops at CMB
Fire has gutted several shops at CMB, behind Kantamanto in Accra, destroying goods worth millions of Ghana cedis. The cause of the fire which started around 5:00 am on Sunday is currently unknown. Firefighters from the Ghana National Fire Service (GNFS) were quickly dispatched to the scene, but the fire had already spread to several…
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MTN Alert: Report MOMO agents over illegal split transaction
The Mobile Telecommunications Network (MTN) has declared that the act of split cash transaction is illegal, urging its clients to report any Mobile Money (MOMO) agent who engages in such unlawful practice for action. The MTN charges for mobile money cash transactions at a fixed rate pegged at GH₵10 cedis on GH₵1000 and above for…
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Incomes of 22 million Ghanaian households decline post COVID-19
Almost half of the world’s population is currently impoverished. Extreme poverty according to the World Bank is the number of people living on less than US$ 2 a day. This is equivalent to about GHS 22. In Ghana, 22 million households are estimated to be living below the international poverty threshold. According to the Ghana…
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Govt reopens domestic debt exchange program
Government has reopened its Domestic Debt Exchange Program (DDEP). This to enable individuals who could not sign up to the initial debt restructuring exercise but wish to participate do so now. With this announcement from the Ministry of Finance, the window has been opened for interested investors seeking to hold onto government papers as government…
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Govt must urgently address encroachment of cocoa farms by illegal miners – GAWU
The Ghana Agriculture Worker Union (GAWU) is urging the government to urgently address the encroachment and destruction of cocoa farmlands by illegal miners. GAWU maintains that although the 63.6% upward adjustment of the farm gate price of cocoa is welcome, the major issue plaguing the sector is illegal mining. In an interview with Citi Business…
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COCOBOD to offer cash prizes to eradicate cocoa smuggling
The Ghana Cocoa Board (COCOBOD) has announced plans to offer cash prizes to persons who volunteer information for the arrest of individuals involved in the smuggling of cocoa. This forms part of its key strategies to deal with the prevalence of the menace after 150,000 metric tonnes of cocoa were smuggled out of the country…
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Joe Jackson cautions govt against borrowing from T-bills market at high rates
The Director of Business Operations at Dalex Finance, Joe Jackson is cautioning both government and investors to be cognizant of the implication of high-interest rates on the government’s treasury bills. This he explains could flaw government gains in trying to bring the country’s debt to sustainable levels. The government surpassed its auction target last week…
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Menzgold customers appeal to Akufo-Addo for financial bailout
The Coalition of Aggrieved Customers of Menzgold (CACM) has appealed to President Nana Akufo-Addo to provide them with a financial bailout as they await the court hearing of the chief executive officer of the defunct gold trading company, Nana Appiah Mensah, on September 19, 2023. The group has already revealed its intention to hold a…