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
When a person provides his or her legitimately or illegitimately acquired funds or assets for terrorist activities or organizations the person will be financing terrorism, the Bank of Ghana (BoG) has said. The central bank said financing of terrorism is a crime and is punishable by law therefore people should be careful they do not […] The post Becareful you do not
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
Ghanaian actress, Salma Mumin has revealed why she chose to undergo a Brazilian Butt Lift procedure which is popularly known as BBL. The post ‘I wanted bigger and curvier butt’ – Salma Mumin speaks on why she opted for BBL first appeared on 3News.
Credit to the private sector by banks will continue to squeeze due to the Bank of Ghana’s high Credit Reserve Ratios (CRR). This is one of the key findings and conclusion of a research paper by banking consultant, Dr. Richmond Atuahene and data and research analyst, Isaac Kofi Agyei. The report titled ‘Thirsty Banks: Ghana’s […] The post BoG’s
The Minority members in Parliament say the newly announced producer price of GH¢33.120 per ton, which translates into GH¢2,070 per bag, constitutes a paltry 25.47% of the world market price of cocoa. Once again, we wish to reiterate that this is a rip-off of our hard working cocoa farmers, as it constitutes the lowest percentage […] The post New cocoa price is a rip-off –Minority appeared first on
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […] The post Many
The Local Organising Committee (LOC) for the 2023 African Games has yielded to pressure from volunteers and agreed to pay them an allowance of GHC 1,000.00 each. This decision comes in response to fervent protests by volunteers who were left unpaid following the conclusion of the continental event. The volunteers, numbering over 1,000, had generously […] The post African
The Ghana Mineworkers’ Union of the Trades Union Congress, has announced plans to stage a five-day protest at the Ministry of Lands and Natural Resources and the Jubilee House beginning on Monday, April 15, 2024. Their stance is to pressure the government into revoking the mining lease of Future Global Resources Limited, operators of the […] The post Mine
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has revealed that the central bank intends to hand over the Gold for Oil programme to a commercial bank to operate. This, he said, would allow for the BoG to focus on its core mandate. Asked by Buem lawmaker Kofi Adams whether this programme is […] The post Bank of Ghana seeking to hand over Gold for
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has assured the Public Accounts Committee (PAC) of Parliament that by next year the central bank will see a huge jump in its holdings of gold due to the Gold For Reserves programme. He said that the full benefits of the programme have not […] The post Governor Addison assures PAC of ‘a big jump’ in BoG’s holdings
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
By Rosemary MBABAZI Sunday April 7, 2024, marked the beginning of the 30th commemoration of the 1994 Genocide Against the Tutsi. It is a period to remember the lives of more than one million people who were brutally killed during a 100-day period from April to mid-July 1994. This period of remembrance called “Kwibuka”, meaning […] The post By
Today, I focus on a very sensitive subject relating to the interplay of church and national development. The issue of the church contributing directly to national development through taxation has been superficially discussed at various quarters. However, due to the sensitive nature of religious matters in the country, and sometimes, the fanatism that comes with […] The post Should Churches Pay Taxes: Yay or
The Bank of Ghana (BoG) has revealed that it has reduced the scale of certain facilities in its controversial new head office, currently under construction. The BoG faced significant criticism over the construction of the new headquarters, with the Minority in Parliament demanding the removal or resignation of Governor Dr. Ernest Addison. Speaking before the […] The post Facilities
Eight members of a Ugandan music band have been arrested for complaining that the president's speech at the weekend was too long, local media report. The post 8 band members arrested for ‘insulting’ Ugandan President, Museveni first appeared on 3News.
Despite millions of dollars invested in Ghana’s health systems to combat HIV, tuberculosis, and malaria, life-saving drugs and healthcare products for these ailments have been stuck at the Tema Harbour for over ten months. For those who depend on these medicines, the continued delay in clearing these medications put their lives at risk. Ghana is […] The post Stuck
Despite millions of dollars invested in Ghana’s health systems to combat HIV, tuberculosis, and malaria, life-saving drugs and healthcare products for these ailments have been stuck at the Tema Harbour for over ten months. For those who depend on these medicines, the continued delay in clearing these medications put their lives at risk. Ghana is […] The post Global
The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama has said that requests from the Ghana Grid Company (GRIDCo) for load management have become an irritation to customers. He explained that the requests have become so frequent that they are now a source of disturbance to customers. This is contained in […] The post GRIDCo’s
The Local Organizing Committee (LOC) for the African Games has decided to compensate volunteers for the just-ended African Games held in Accra with an allowance of GHS1,000.00. This follows protests by the volunteers over unpaid stipends allegedly promised to them by the organizers. Some of the volunteers reportedly have to hold the Minister for Youth […] The post African
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