Tag: Ghana News
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Mobile Money Advocacy Group commemorates inaugural MOMAG month
The Mobile Money Advocacy Group Ghana (MoMAG) celebrated the inaugural MoMAG Month with a grand event held on Sunday, marking a significant milestone in the association’s history. MoMAG Month, dedicated to the month of September each year, has become a permanent fixture on the association’s calendar, aimed at recognizing and celebrating the remarkable achievements and…
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IMF mission to visit Ghana from September 25
An International Monetary Fund (IMF) staff team will be in Ghana from September 25 through the first week of October to assess the implementation of Ghana’s Economic Recovery Programme. This will be the second visit by the IMF after its board approved Ghana’s bailout on May 17 and review the targets under the $3 billion…
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Soya Bean farmers urge govt to address PFJ challenges
The Ghana Soya Bean Farmers and Aggregators Association has called on the government to address the challenges of the first phase of the Planting for Food and Jobs (PFJ) initiative to ensure the success of the new phase. President Nana Addo Dankwa Akufo-Addo launched Phase two of the government’s flagship programme on agriculture, “Planting for…
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Collaborate to deal with perceived risk of investing in Africa – Amin Adam to African countries
The Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, has urged African countries to collaborate to address the perceived risk of investing in Africa. The minister said that available data suggests that out of the $2.3 trillion allocated for investment in renewable energy worldwide, only $55 billion has been invested in Africa,…
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IMF bailout: Ghana on track to receive second tranche – Ofori-Atta
Finance Minister Ken Ofori-Atta says Ghana is on track to receive the second tranche of the IMF bailout cash in December to support the government’s balance of payments (BOP) for 2023 and 2024. The Bank of Ghana’s June 2023 summary of the Economic and Financial Stability Report shows that the bank’s BOP at the end…
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Oversubscription of govt treasury bills to continue over DDEP gains – Analyst predicts
Financial analyst, Courage Boti is predicting that government’s treasury bills will continue to be oversubscribed in the coming weeks. This, he attributes to gains made by the government in its debts restructuring exercise. The government has recorded an oversubscription of its treasury bill for two weeks in a row, with last week registering roughly 15.10…
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IMF deal: Ghana stands ready to unlock second disbursement – Economist
Economist, Dr. Patrick Assuming is optimistic Ghana will be able to receive the second tranche of $600 million from the International Monetary Fund (IMF) after the review of the bailout programme later in September. A visiting team from the Fund is expected to arrive in Ghana to assess the country’s eligibility for the second disbursement.…
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Kejetia traders threaten to stage demo over lack of individual meters
Traders at the Kejetia market have expressed their displeasure with the management of the facility over what they describe as their lackadaisical attitude in resolving individual metering issues at the market. The traders have for years been calling for the provision of separate meters, but they say the management has been indecisive and slow to…
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Treasury bill auction sees oversubscription as interest rate increases
The government saw a 5.63% over subscription in treasury bill sales, despite rising interest rates. This is according to the Bank of Ghana’s auction results for last week. The offer attracted bids amounting to GHS 3.20 billion out of the GHS 3.22 billion of the bids tendered. This increase indicates strong investor demand but also…
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Access Bank, Deloitte Ghana join forces to empower MSMEs and trade associations
In a landmark event that marks a significant step towards fostering the growth and resilience of Micro, Small, and Medium Enterprises (MSMEs) in Ghana, Access Bank and Deloitte Ghana came together to sign a Memorandum of Understanding (MoU). The ceremony, held at Access Bank’s headquarters, saw key figures from both organizations gathering to solidify their…