Flag bearer of the National Democratic Congress (NDC), John Mahama says adopting a 24-hour economic model will diversify our economy and empower Ghana’s workforce. According to him, a central element of his vision for Ghana’s recovery is the implementation of a 24-hour economy. “This initiative is designed to generate sustainable, decent job opportunities and promote […] The post May
Vice President of Ghana, Dr. Mahamudu Bawumia, has chosen not to directly address the nation’s economic challenges during his tour of the Eastern Region. While he acknowledged the economic difficulties facing the country, Dr. Bawumia refrained from discussing them in detail, stating only that they are being addressed. The Vice President’s reluctance to speak about […] The post I
Beatrice Annan, the spokesperson for the John Mahama campaign team, has criticised the Vice President, Dr Mahamudu Bawumia, for lacking pride in the economic credentials of his government. During an interview on Eyewitness News with Umaru Sanda Amadu on Thursday, April 25, 2024, Mrs Annan expressed her disappointment in Dr Bawumia’s handling of his government’s […] The post Bawumia
Amidst a sharp increase in inflation for March this year, there has been an upward trend in the cost of preparing Jollof for a family of five. The post Cost of preparing Jollof nearly hits GH₵400, increased the most in Kumasi – Report first appeared on 3News.
Professor Lord Mensah, an Economist and Senior lecturer at the University of Ghana Business School (UGBS), says the 24-hour economy proposed policy by the flag bearer of National Democratic Congress (NDC) John Dramani Mahama is currently the most appropriate economic policy proposal considering the state of the Ghanaian economy. John Mahama has assured that the […] The post Mahama’s
Some supporters of Movement for Change who have defected to the New Patriotic Party (NPP) are calling on the electorates to vote for Dr Mahamudu Bawumia to become the next president of the country. The group led by Kofi Adjei, at a press conference, said the flag bearer of the opposition NDC has nothing to […] The post Hundreds of Alan’s supporters return to NPP appeared first on Starr
The founder of The New Force, Nana Kwame Bediako also known as Cheddar says his ambition to become President of Ghana is not a personal goal but a call to take up the social responsibility of the nation. Speaking on Starr Chat with Bola Ray Thursday, Mr. Bediako stated that there is a social imbalance […] The post My presidency will create a balance and add value to humanity
The founder of The New Force, Nana Kwame Bediako also known as Cheddar says he is going to use a currency to unite the African continent when the time is due. Speaking on Starr Chat with Bola Ray, Mr. Bediako stated that when he is able to make Ghana succeed he will join in […] The post I’ll use currency to unite the African continent – Cheddar appeared first on
Sydney Nii Ayitey Tetteh, Executive Vice President, Energy and Infrastructure at Stanbic Bank Ghana, has emphasized the important role of financial institutions in the soon to be implemented wholesale electricity market. He made this statement at the Electricity Market Conference held at the Volta Residence, Akuse in the Eastern Region. The Electricity Market Conference had […] The post Stanbic
Rev. Dr. Samuel Worlanyo, an economist and spokesperson of the Grand Coalition, has warned about the potential collapse of Ghana’s economy if it continues to heavily rely on borrowing from financial institutions such as the International Monetary Fund (IMF). In acknowledging the necessity of borrowing for governmental initiatives and projects, Dr. Worlanyo stressed the critical […] The post Any
The ministry of finance has affirmed that ongoing negotiations regarding debt restructuring with creditors have not culminated in failure. Through a tweet, the ministry clarified that an interim agreement has been reached between Ghana and bondholders, but adjustments are necessary to align with IMF debt sustainability targets. “Ghana and Bondholders reached an interim deal, which […] The post
By Joshua Worlasi AMLANU [email protected] Finance Minister Dr. Mohammed Amin Adam has assured that government is pushing forward with its debt negotiations, determined to reach an agreement with its creditors that is acceptable to all parties while staying within the sustainability targets of its IMF-supported economic programme. Ghana is aiming to cut US$10.5billion from its […] The post
Shirley Naana Ampem, the Eastern Regional Women’s Organizer for the National Democratic Congress (NDC), has stated that Ghanaian women will be one of the major beneficiaries of John Dramani Mahama’s proposed 24-hour economy policy. According to her, the policy could significantly boost economic opportunities for women, particularly in the night market economy and key industries […] The post Ghanaian
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU [email protected] / [email protected] The recent hike in inflation in March was ‘not surprising’ and poses no significant threat to the general recent disinflationary trend, Head of Research at GBC Capital, Courage Boti, has said. Consumer inflation reached a new high of 25.8 percent in March 2024, […] The post
A strong caution against charging unapproved fares by certain drivers has been issued by the Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC). In a press release dated April 11, they stressed that increasing transport fares without approval is illegal and that passengers should ignore any increases. “It has […] The post Don’t
Flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has expressed surprise at the multiple levies and taxes imposed on imported vehicles at the port. Addressing members of the Ghana Union of Traders Association (GUTA) in Accra, the former president, however, lashed out at the traders’ union for not joining the NDC minority […] The post ‘I’m shocked’
but faster and more equitable growth needed to reduce poverty Increased private consumption and declining inflation are supporting an economic rebound in sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters and escalating conflict and violence, according to the World Bank’s latest Africa’s Pulse […] The post
The Director of Legal Affairs for the opposition National Democracy Congress (NDC), Edudzi Tamakloe, has stated that the New Patriotic Party under President Akufo-Addo used the Eurobonds to cushion Ghana’s currency from depreciation from 2017 to 2021. He said the government decided to use Eurobonds to give the Cedi an ‘artificial strength’ emphasising that the […] The post Govt
Ghana does not need the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) for economic growth, an economist Dr John Kwakye has said. In the view of the Director of Research at the Institute of Economic Affairs (IEA), Ghana can develop by relying on its natural resource wealth. “We don’t need any SDRs […] The post Economist
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […] The post Ghana’s
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