Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has asked the state security agencies to assist the bank in dealing with reports of cross-border illegal transfers. He says that although the Bank hears rumors of these illegal transfers, it is not taking the matter lightly. Dr Addison said these while answering a question […] The post Bank of Ghana prepared
By Joshua Worlasi AMLANU ([email protected]) The Monetary Policy Committee (MPC) of the Bank of Ghana has announced its decision to maintain the monetary policy rate at 29 percent, citing persisting upside risks to inflation. Dr. Ernest Addison, Governor of the central bank, disclosed the rationale behind the decision during the 117th MPC meeting’s press briefing […] The post
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […] The post Cedi continues
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has stated that Fiscal policy implementation so far has been broadly consistent with targets under the International Monetary Fund External Credit Facility (IMF ECF) supported programme. Although the primary fiscal balance (Total Revenue less Total Non-Interest Expenditure) target for 2023 was attained, he said, the […] The post Fiscal
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
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 third accused person in the ambulance purchase saga, Richard Jakpa has dismissed his counsel, Thomas Aubynn. On Tuesday, the businessman was expected to open his defense following the Attorney-General’s discontinuation of the case against the second accused, Dr Sylvester Anemana. But when the case was called, lead counsel for the third accused, Lawyer Thomas […] The post Ambulance
The African Hockey Federation is unhappy about South Africa’s decision to withdraw their male and female teams from the ongoing African Games, Accra 2023. At a press briefing in Accra on Tuesday, Seif Ahmed, President of the African Hockey Federation said “We came to play. Not to find excuses not to play.” South Africa pulled […] The post We’re
The president of the African Hockey Federation, Mr Seif Ahmed, has refuted claims by the South African Hockey Federation that the hockey pitch being used for the African Games is substandard. According to Mr. Seif, the pitch meets international standards. He stated that pictures circulated by the South Africans were taken before the pitch installation […] The post African Games hockey pitch
Abeiku Jackson from Ghana faced disappointment in the Men’s 50M Freestyle Heats, finishing in 10th place with a time of 23.59 seconds, dashing hopes for another swimming medal. Abeiku Jackson did not advance to the Men’s 50M Freestyle event, placing 10th in his heat with a time of 23.59 seconds 🙀#CitiSports #Accra2023 pic.twitter.com/oDtEf7FkhR — Citi […] The post Accra2023:
The Chief Justice, Gertrude Torkornoo, has issued a directive to all judges regarding the handling of cases by police prosecutors. This directive is in response to a letter from the Attorney-General, Godfred Yeboah Dame, which stated that police prosecutors are now limited to prosecuting cases with a monetary value not exceeding GH¢500,000. The Attorney-General’s letter […] The post Police
African leaders have made a decision that will create a robust future market for medical products for African manufacturers. Spearheaded by the Africa Centres for Disease Control and Prevention, a pooled procurement mechanism was agreed upon and signed off late last night at the African Union (AU) Summit in Addis Ababa. This decision is significant because […] The post Africa CDC spearheads
The Strategic Mobilisation Ghana Limited (SML), a revenue assurance company, has sued the Fourth Estate and ace investigative journalist, Manasseh Azure for defamation. SML has dragged the Fourth Estate and Manasseh to court for allegedly publishing falsehood about its dealing with the Ghana Revenue Authority in latter part of the year 2023. In the suit, […] The post SML drags Fourth
Christian Sottie, SML Boss Strategic Mobilisation Ghana Limited (SML), the company accused of receiving a ‘shady’ 10-year contract from the Ministry of Finance, has initiated a GH¢10 million lawsuit Read More... The post SML Sues Fourth Estate, Manasseh GH¢10m
The Accra Metropolitan Assembly (AMA) has met with the Business Committee of the Ghana Union of Traders Association (GUTA) over the implementation of a new digitalisation system to be rolled out soon. The new system would be piloted in the Ashiedu Keteke Sub-Metropolitan District with the aim of streamlining processes, curbing revenue leakages and improving […] The post AMA,
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