Bawumia And His Cohorts Owes Mamprugu The Truth

I am never afraid to always raise my voice for truth, honesty and compassion against anyone who is egocentric and only interested in winning the elections instead of putting people first. Dr Mahamudu Bawumia is desperate to become a vice president and has no track record to market himself to the good people of Mamprugu … Read more

UK Government Borrowing Rises To £10.6bn In September

Government borrowing rose by more than expected, to £10.6bn in September, according to figures from the Office for National Statistics (ONS). The figure was £1.3bn higher than the same month last year. For the financial year to date between April and September, borrowing fell by £2.3bn to £45.5bn. The monthly figure had been expected to … Read more

Blame Mahama’s NDC For Ghana’s Calamitous Debt and Economy

Ghana is not among the most popular destination to set up business. The few entrepreneurs and investors we have had were attracted to the country due to it’s natural resources as well as the fact that English is the language of the Ghanaian business world. Governments for decades have not had great and attractive investment … Read more

Blame President Mahama’s NDC For Ghana’s Calamitous Debt And Economy

Ghana is not among the most popular destination to set up business. The few entrepreneurs and investors we have had were attracted to the country due to it’s natural resources as well as the fact that English is the language of the Ghanaian business world. Governments for decades have not had great and attractive investment … Read more

GHC2bn Deficit Is Blow To Economy – Economist

Economist, Dr. Lord Mensah has criticized the almost 2 billion cedis budget deficit in the advance expenditure appropriation presented by the Minister of Finance, Seth Terkper. Parliament, on Thursday, October 20, approved the 10.99 billion cedis request by the Finance Minister. This also came after several deliberations both at the Finance Committee level and on … Read more

NDC Is Very Happy About EIU’s Predictions – Asiedu Nketia

General Secretary of the National Democratic Congress (NDC), Johnson Asiedu Nketia has said that the party is very happy with the prediction by the Economic Intelligence Unit (IEU) that the party would lose the impending elections. The London-based group for the second time predicted a win for the opposition New Patriotic Party (NPP) in the … Read more

EIU Prediction Can’t Move NDC

A legal practitioner with the governing National Democratic Congress says a prediction by London-based Economist Intelligence Unit (EIU) that the New Patriotic Party will win the December polls will not materialize. Abraham Amaliba says the NDC is confident of a victory in the December polls and no prediction will sway the electorate to vote for … Read more

Economy In Crisis, Gov’t Confesses

Contrary to government’s denial of a weakening economy, Business Finder can confirm that the same government has admitted difficult economic times to the International Monetary Fund (IMF). A letter to the Fund, dated September 16, 2016 and signed jointly by Finance Minister, Mr Seth Terkper and central bank Governor, Dr Abdul-Nashiru Issahaku referred to  slow … Read more

EIU Predicts Another NPP Win In 2016 Polls

London-based Economic Intelligence Unit (EIU) has for the second time predicted a win for the opposition New Patriotic Party (NPP) in the December 7 polls. In April this year, EIU predicted a close margin win for Ghana’s opposition party in a report and has again indicated that though both the presidential and legislative elections would … Read more

Africa’s Top Four Disciplinarian Presidents

Presidents are supposed to wield their power with as much grace and restraint as possible but sometimes, the commander-in-chief turns into the disciplinarian-in-chief. We’ve made a list of the African leaders who have put the fear of God into their subordinates with forced physical exercise, sackings and – no we’re not making this up – … Read more

Local USD-Bond Could Foster Dollarisation

Whereas government has given indication it will do more of the domestic dollar-bonds, on the back of the maiden one’s success, some analysts fear it could weaken the cedi and deepen dollarisation of the economy. In its weekly currency updates, South Africa’s RMB Global Markets Research said: “We are wary of this move – it … Read more

Government Must Declare Unplanned Expenditure In 2017 Budget

As the Finance Minister prepares to present a first quarter 2017 budget to parliament on Thursday, Economist Dr. Ebo Turkson has urged the government to clearly demonstrate how it intends to finance unbudgeted expenditure that have been rolled out few months to the general elections. Government recently announced that it has scrapped allowances for trainee … Read more

NPP’s 2016 Manifesto Will Create GHC27bn Fiscal Deficit – Veep

Vice president Paa Kwesi Amissah-Arthur says the 2016 manifesto of the New Patriotic Party has the potential to create the ‘most unstable’ economic development ever in the country. Per his analysis and calculation, he said the implementation of the document would cause Ghana to lose GHC6.2 billion in revenue coupled with an additional expenditure of … Read more

NPP’s 2016 Manifesto Will Create GHC27 Billion Fiscal Deficit – Veep Claims

Vice president Paa Kwesi Amissah-Arthur says the 2016 manifesto of the New Patriotic Party has the potential to create the ‘most unstable’ economic development ever in the country. Per his analysis and calculation, he said the implementation of the document would cause Ghana to lose GHC6.2 billion in revenue coupled with an additional expenditure of … Read more

Local USD-Bond Could Foster Dollarization – Analysts Warn

Whereas the government has given the indication it will do more of the domestic dollar-bonds, on the back of the maiden one’s success, some analysts fear it could weaken the cedi and deepen dollarisation of the economy. In its weekly currency updates, South Africa’s RMB Global Markets Research said: “We are wary of this move … Read more

Local Dollar Bond Set To Begin A Train of Issuance

The overwhelming success of government’s debut local dollar bond could serve as a precedent for bigger and longer term issuances, Kofi Awuku, a member of the book building team has said. The results of the bond issued last week beat government’s expectations by almost twice the US$50 million the state planned to raised; proving the … Read more

Success of Ghana’s First Local Dollar Bond Attributed To Better Incentives

An economist, Dr John Gatsi, says the successes chalked by government in the issuance of Ghana’s first domestic dollar-denominated bond was due to what he termed as better incentives provided to investors. According to him, “the fact that the bond was denominated in the dollar was a very attractive strategy for investor.” Government last week … Read more

NDC’s Attacks On Bawumia Will Be Fruitless – Lecturer

The attacks by the governing National Democratic Congress (NDC) on the vice-presidential candidate of the New Patriotic Party (NPP) will not have any negative effect on the fortunes of the NPP, political communications expert Dr Eric Opoku Mensah has said. Some key figures of the NDC have resorted to raining invectives on Dr Bawumia, with … Read more