Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the Cedi was relatively stable in the first quarter of 2024 against the major trading currencies, especially the Dollar. He says they expect the stability to continue. Answering questions at the 117th Moneyray Policy Committee (MPC) press conference in Accra on Monday […] The post Cedis is relatively stable
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said that Nigeria is currently saddled with a crisis related to the challenges posed by its currency, the Naira. He said this is similar to what Ghana went through in 2022 when inflation kept rising, coupled with the rapid depreciation of the Cedi. Reuters […] The post Naira woes: Nigeria going through
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will be holding the 117th press conference today Monday, March 25. The MPC is expected to announce major policy decisions including whether or not the policy should reduce. The MPC is also expected to talk about the performance of the Cedi against the dollar […] The post Bank of Ghana to announce key decisions
Ghanaian Blogger, Bongo Ideas has revealed the ordeal he experienced when he was arrested by some men who masqueraded as police officers. The post ‘They pointed a gun to my head and asked me to say my last prayers’ – Bongo Ideas speaks on his arrest first appeared on 3News.
Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, concluded her visit to Ghana on Monday, 18th March, 2024, following two days of productive engagements. Dr. Ernest Addison, Governor of the Bank of Ghana, bid farewell to the IMF MD, alongside the First and Second Deputy Governors of the bank and the IMF […] The post IMF MD departs
The Governor of the Bank of Ghana, Dr. Ernest Addison, has underscored the need for banks to remain committed to their critical role of bridging trade financing in both the primary and secondary markets. According to the governor, this will help strengthen the country’s financial systems. Speaking at the Ghana International Bank cocktail event to […] The post BoG
The National Film Authority, in collaboration with the Ministry of Tourism, Arts and Culture, hosted the inaugural Film Investment Breakfast Meeting at the Mövenpick Ambassador Hotel in Accra on Wednesday, March 20, 2024. The gathering attracted a prestigious audience, including dignitaries like Hon. Andrew Kofi Egyapa Mercer, Minister Designate for Tourism, Arts and Culture, Deputy […] The post FIB
Prof Kyei (middle) with Dr. Emmanuel K. Ireland, Chairman of the Community Practice Pharmacists Association (right), and Ebenezer Bediako, a director, ECL (left) with the new product Ghana’s leading Read More... The post Ernest Chemists Launches Prostenal For Men
Government spokesperson on governance and security, Palgrave Boakye-Danquah, has appealed to Ghanaians for patience as the administration addresses the ongoing power supply challenges. In recent months, Ghana has grappled with a significant power crisis, resulting in widespread outages across various regions, eliciting frustrations among citizens. Amidst calls for a structured load-shedding schedule to facilitate daily […] The post Dumsor:
The Ministry of National Security has strongly denied arresting controversial social media commentator Albert Nat Hyde, popularly known as Bongo Ideas. Reports purportedly suggested that Bongo Ideas was arrested on Thursday, March 14, 2024, in his house in Accra by the police and operatives of the National Security. But the Ministry of National Security in […] The post National
Melody Frempong Gospel singer, Melody Frempong will host the third edition of her annual gospel musical event dubbed ‘Glorious Praise 24’ on Saturday, June 1 at the Church of Read More... The post Melody Frempong To Host ‘Glorious Praise’ appeared first on
Reverend Father Ernest Obeng of Saint Paul’s Anglican Parish of Akuapem–Mampong, in the Akuapem North municipality of Estern region has attributed low esteem, lack of confidence and lack of sense of responsibility among many children in Ghana to violence. According to the Akuapem-Mampong Parish Priest, who doubles as the Chief Executive Officer (CEO) for Addo […] The post ‘Violence is a
Justin Kodua Frimpong, the General Secretary of the governing New Patriotic Party (NPP), has disagreed with the opinion that President Akufo-Addo’s February 14 ministerial reshuffle is an exercise in futility because it has come too late into his tenure as president. A section of the public, including the opposition National Democratic Congress (NDC), described the […] The post Justin
Justin Kodua Frimpong, the General Secretary of the governing New Patriotic Party (NPP), has disagreed with the opinion that President Akufo-Addo’s February 14 ministerial reshuffle is an exercise in futility because it has come too late into his tenure as president. A section of the public, including the opposition National Democratic Congress (NDC), described the […] The post Justin
The General Secretary of the governing New Patriotic Party (NPP), Justin Kodua Frimpong, has refuted claims that the reshuffle will not make any significant impact since the country is barely a few months into the general elections. Some stakeholders have criticized President Nana Addo Dankwa Akufo-Addo for making changes in his government at a late […] The post New
Justin Kodua Frimpong The New Patriotic Party (NPP) leadership has commended President Nana Akufo-Addo for yesterday’s ministerial reshuffle. A statement issued and signed by the General Secretary, Justin Kodua Read More... The post NPP Commends Akufo-Addo
Nana Agyemang Badu Duah I, chief of Kunsu, in the Ahafo Ano South West District of Ashanti region has urged Mr. Prince Oppong, the newly elected Presiding Member to ensure unity among the members of the Assembly, irrespective of their political affiliation, to accelerate the total development of the various electoral areas. Speaking to the media […] The post Kunsuhene urges
The Sekondi-Takoradi Metropolitan Assembly (STMA) and Ahanta West Municipal Assembly (AWMA) have both failed to elect Presiding Members (PM) after formal inauguration of the Assembly on Monday. After two rounds of voting, the nominees failed to secure the required two thirds-majority. The assembly members are expected to vote again on the nominees in two weeks’ […] The post Political
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