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 German Development Cooperation in collaboration with private sector partners, Blue Skies and Kasapreko PLC has handed over newly installed mechanised boreholes to 24 districts in the Eastern and Bono regions. It is to commemorate World Water Day which focuses on the importance of freshwater. According to the United Nations (UN) 2.2 billion people living […] The post German
By Emmanuel ACQUAH-SAM (Ph.D.) I write this article about a national cathedral for the God of Heaven and Earth with deep solemnity and humility. Since President Nana Akufo-Addo Danquah announced his intention to build it, the cathedral has been the subject of sacrilegious discussions domestically and internationally. For many, the point of contention has been […] The post The
Abubakar Kamoko, the son of retired Ghanaian boxer Bukom Banku, has etched his name in history at the recently concluded 2023 African Games by securing a silver medal, surpassing his father’s achievements from 25 years ago. Competing in the fiercely contested 86kg cruiserweight category, Kamoko initially secured his place in the semifinals with an outstanding […] The post African
More than 130 schoolchildren kidnapped by gunmen in Kuriga, northwestern Nigeria, earlier this month were released unharmed on Sunday, officials and the army said. The mass kidnapping in Kuriga, Kaduna State, on March 7 was one of the biggest attacks on a school since 2021 and sparked a national outcry over insecurity. Government spokesman Abdulaziz […] The post Kuriga kidnap: More than
Constitutional lawyer Justice Srem Sai has expressed surprise at the behaviour of the Attorney-General and Minister for Justice, Godfred Yeboah Dame, regarding the minister’s disagreement with the Speaker of Parliament for suspending approval of President Akufo-Addo’s ministerial nominees. Godfred Dame, in an interview with TV3’s Joseph Ackah Blay, accused Speaker Alban Bagbin of “dabbling in […] The post Attorney-General’s
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 Bank of Ghana has reiterated its commitment to combating the circulation of counterfeit currency. The Central Bank emphasizes its progress toward achieving a zero-counterfeit regime. Counterfeiting and possession of counterfeit banknotes are punishable by law. During a press conference held during a tour of the currency processing centre as part of Ghana Heritage Month, […] The post BoG
Ghana’s policy rate is one of the highest globally and can not be justified, therefore the Bank of Ghana (BoG) has a duty to slash it drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing […] The post Ghana’s policy rate is one of the highest
The Bank of Ghana (BoG) has a duty to slash its Policy Rate (PR) drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing the rate drastically will trigger a decline in the ‘artificially high’ lending […] The post Cut policy rate drastically – Economist tells Bank
Water remains a vital global resource imperative for human existence, residential use, industrial activities, and economic development in several sectors including agriculture, energy, and health. Water demand has increased in many parts of the globe, and along with it, is the threat to human security. As at November 2023, 1,630 cases of water conflict had […] The post World Water Day:
A member of Council of State, Mr. Sam Okudzeto, has charged African engineering practitioners to be bold and courageous in the discharge of their engineering duties. He said when he looked at the profiles and various groups within the various engineering fields and the specialisation involved, it looks like there is nothing that we can […] The post Be
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
Stephen Asamoah Boateng presenting certificate to one of the winners The Ghana Culture Forum (GCF) has commended GCB Bank PLC’s support towards the 2024 Ghana Culture Week. Chairpersonof the Read More... The post Ghana Culture Forum Lauds GCB Bank appeared first on
Auto Show, Thursday, 21st March, 2024 The post Auto Show, Thursday, 21st March, 2024 appeared first on Citinewsroom - Comprehensive News in Ghana.
The Gambia has taken steps towards lifting a ban on female circumcision, a move that could make it the first country in the world to reverse legal protections against the practice for millions of women and girls. Politicians in the West African nation’s parliament voted 42 to four on Monday to advance the controversial bill, […] The post The Gambia votes
By Kestér Kenn KLOMEGÂH After three days (March 15 to 17) of voting, Vladimir Putin is leading the Russian presidential election with 87.34% after 98% of ballots were counted, according to data of the Russian Central Elections Commission. Undoubtedly it gives Putin, who has been in power since the last days of 1999, another six-year term […] The post Putin wins March
The National Theatre will partner a group of seasoned poets to commemorate this year’s World Poetry Day with selected schools in Accra on March 21. UNESCO first adopted March Read More... The post National Theatre Celebrates World Poetry Day appeared first on
Head of Financial Advisory & Equity Capital Markets at Stanbic Bank, Isaac Simpson, has emphasized the need for collaboration between the right stakeholders in order to form the necessary policies to accelerate sustainable finance. He made this statement at the 2024 Africa Energy Technology Conference, held at the Labadi Beach Hotel. Speaking on the topic […] The post
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
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