Business

President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for an economic support. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicated that there had already been a conversation between the IMF boss, Kristalina Georgieva and President Akufo-Addo. conveying the government’s decision to engage ...

The Trades Union Congress (TUC) has asked the government not to go to the International Monetary Fund (IMF) for support. Secretary-General of the TUC, Dr Yaw Baah said the IMF is not the solution to the challenges facing the country. He told TV3’s Daniel Opoku in an interview on Wednesday, June 29 that Ghana has been to the Bretton Woods institution sixteen ...

The Bank of Ghana (BoG) has said it is strengthening its fraud monitoring activities and enforcement of required internal controls and risk governance within banks, SDIs, EMIs and other regulated entities. As part of the measures, the Central bank has issued a notice to the public, banks and other regulated entities on the usage of the Ghana Card as the ...

The Chairman of Parliament’s Finance Committee, Kwaku Kwarteng, says should the government assess that the e-levy is not a helpful policy, it will be withdrawn. His comment comes on the back of a tweet by a leading member of the New Patriotic Party (NPP), Gabby Otchere-Darko, which said the e-levy is not living up to government expectations. He disclosed that ...

Majority of Ghanaians are said to have changed their behavior towards the electronic transfer of funds since the E-Levy kicked in back in May this year. According to a study, 83% of the populace felt compelled to do so in order to adjust to the limits introduced by the said levy as far as their livelihoods are concerned. These were ...

World Trade Centre Accra (WTC Accra) has partnered with Altkom Akademia to offer live professional education and capacity-building programmes in West Africa over a digital platform. WTC Accra is an essential facilitator of trade and investment in Ghana and operates as a member of the World Trade Center Associations global network. WTC Accra also conducts corporate training and capacity-building programmes ...

Finance Minister Ken Ofori-Atta has debunked claims that the government has not been transparent with its COVID-19 expenditure. Addressing Parliament on today, Wednesday, June 22, 2022, he said all programmed, mobilised and utilised funds pertaining to the coronavirus pandemic have been dully reported in line with the government’s commitment to accountability and transparency. His presentation comes on the back of ...

The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi, has said Ghana has enough fuel stock to last a month amid fuel shortage concerns. Speaking on the Citi Breakfast Show, Mr. Hosi said there was no need to panic. “We have enough stock to keep us stable and actually buy us enough time to fix the ...

A lawyer, Dr. John Baiden, is pushing for the Attorney General to cause prosecutions at the Bank of Ghana (BoG) over the perceived mismanagement of the Ghana cedi, which continues to lose value against the dollar. He has petitioned the Attorney General and said, “the Bank of Ghana has compromised the Ghana Cedi. It is out of line and must ...

Ghana is likely to return to the International Monetary Fund (IMF) for support, an economist, Dr Adu Sarkodie has said. He says if this finally happens, it will affect some of the government’s programmes such as the free Senior High School, Nation Builders Corps (NABCO), and others. “We are likely to go back to the IMF. I don’t like it when we ...