Latest data from the Ghana Statistical Service indicates that the cumulative growth of the economy stood at 2.9 percent in 2023. This is a 0.9 percentage points drop from the 3.8 percent recorded in 2022 but higher than the government’s revised target of 1.5 percent for the period under review. The fourth quarter also expanded […] The post Ghana’s economy expanded by 2.9% in 2023
By Korsi DZOKOTO In the realm of economic management, Ghana stands as a stark example of the profound impacts of mismanagement and corruption on a nation’s fiscal health. The story of Ghana’s economic trajectory is one of promise overshadowed by poor governance, inflated project costs, and unchecked borrowing. As we delve into the intricate web […] The post Counting the cost
Economist and senior lecturer at the University of Ghana, Dr. Adu Owusu Sarkodie, has stated that a consistent decline in inflation has resulted in drastic price reductions as the economy continues a steady rebound. Speaking on TV3’s Ghana Tonight programme on Monday, March 18, Dr. Adu Sarkodie pointed out that there have been improvements in […] The post Reduction
Kwaku Kwarteng, Chairman of the Finance Committee of Parliament and MP for Obuasi West has attributed Ghana’s current economic crisis to decades of reckless public expenditure and mismanagement by successive governments. In an interview with Accra-based JoyNews, the Obuasi West legislator noted that COVID-19 and Russia’s invasion of Ukraine are not solely responsible for the […] The post Kwaku
By Jayati GHOSH While the technical details of international agreements may seem arcane or even trivial, they often commit governments to policies that have major economic consequences. This is especially true for low- and middle-income countries, which have long been on the receiving end of unfair treaties. International tax agreements are a case in point. […] The post For
…global players exploring opportunities within AfCFTA By Kestér Kenn KLOMEGÂH The scramble for the multidimensional control of the African continent by global players is a geopolitical reality. In order to be part of this geopolitical arena, foreign players have been devising different mechanisms for revitalizing partnership and strengthening cooperation with Africa, says Dr. Babafemi A. […] The post
By Sandra Agyeiwaa OTOO The Executive Director of COMSEC Technology Solutions, Boaz Alon has stressed the critical need for addressing Ghana’s energy sector challenges, through backup power solutions. Speaking at during a press conference in Accra marking COMSEC Technology Solutions’ 10th anniversary, he stressed the role of reliable backup power in mitigating the impact of […] The post
I prefer we dig right into the pointers on the ends of the spectrum of job-seeking insights, highly relevant to a successful hunt, and leave the googleable stuff at the latter part of the article. Essentially, we start from the middle… THE IMPORTANCE OF SOFT SKILLS IN A TECH-DRIVEN MARKET While technical skills can […] The post Modern Skills and Strategies
The National Democratic Congress General Secretary, Fifi Fiavi Kwetey, says the 24-hour economy proposal being championed by his party’s flagbearer, John Mahama, is a transformative initiative that aims to address Ghana’s increasing unemployment crisis and reshape its economic landscape. His statement follows the surge in Ghana’s unemployment rate, especially among the youth, citing statistics from […] The post Mahama’s
The Executive Vice President of the African Center for Economic Transformation (ACET), Mavis Owusu Gyamfi, has emphasised the need for fiscal prudence to bolster Ghana’s economy. According to her, fiscal prudence means making wise and careful decisions regarding financial matters, particularly in the management of government funds and public money. In an interview with Bernard […] The post We
In a collaborative effort, a joint task force involving the Tree Crop Development Authority, the Oil Palm Development Association of Ghana, the Customs Division of the Ghana Revenue Authority, and National Security successfully seized over 1,000 units of 25 litres of vegetable oil suspected to be smuggled. The operation took place at a warehouse located […] The post Joint
Isaac Adongo, the Member of Parliament for Bolgatanga Central, has strongly criticized the Akufo-Addo administration’s economic performance during a lecture at the University of Professional Studies, Accra (UPSA). The lecture, titled “Ghana’s economic mess; Victim of poor economic governance?” raised concerns about the government’s effectiveness in addressing the nation’s financial struggles. Adongo specifically highlighted the […] The post
By Prof. Samuel Lartey In the annals of human progress, each epoch witnesses the emergence of tools and technologies that redefine societal structures, from transportation and agriculture to administration and education. Today, Artificial Intelligence (AI) stands at the forefront of this evolutionary march, particularly in the domains of education, research, and development. While some view […] The post
The Customs Division of the Ghana Revenue Authority has assured stakeholders of its commitment to reducing the long duration of goods clearance at various ports across the country by 50%. Currently, it takes about 10–12 days to clear goods at the Tema port, 7 days at the Kotoka International Airport, and 3 days at the […] The post We’re committed
The Chief Executive Officer of the Consumer Protection Agency, Kofi Kapito, says the government does not regard the safety and well-being of citizens, hence the several malfunctioning streetlights in Accra. This comes on the back of recent reports of multiple non-functioning streetlights dotted across major streets of the capital. Parts of the La Beach Road […] The post Kofi
By Emmanuel Owusu Agyei AMPEM My friend Charlotte of ENI has always been arguing; and she talks to me about climate change and its effects on modern economies. She has been so passionate about it that she tells me how her application to join the just-ended COP 28 was rejected because she works for ENI […] The post A 24-hour economy policy – celebration of mediocrity?
Barbara Okai-Tettey, Senior Compliance Manager at Stanbic Bank Ghana has emphasized the need for collaboration between the financial service industry and regulators to enhance the evolving use of AI in transaction monitoring. She made this statement at ‘The Fintech & Banking Event’ hosted by fintech software company, ThetaRay, at the Kempinski Hotel Gold Coast City, […] The post
The government paid a total of GH¢300,385,317.52 as judgement debt between 2017 and 2022. The Ministry of Finance made this known in an updated information on judgement debt payment dated August 2023. The Ministry revealed that the payments were made to over 60 individuals and organisations. For instance, in 2017, Albert Osei was paid GH¢279,412.83; […] The post Over
Opportunity International Savings and Loans Limited (OISL) has launched its 20th anniversary celebration on the theme ‘20 Years of Transforming Lives’, in Kumasi. Licensed by the Bank of Ghana in June 2004, OISL operates in 10 out of the 16 regions in Ghana, providing innovative financial products and services to bring clients at the base […] The post OISL
The Jospong Group of Companies (JCG) has entered into agreement with the Lagos State Government through the Ministry of Environment and Water Resources to build waste treatment plants in Lagos. The integrated waste treatment facility will help to transform the environmental situation of Africa’s most populous city. The landmark agreement was formalized with the signing […] The post
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