Latest figures by the Bank of Ghana have shown that the cedi’s depreciation against the dollar for March 2017, is five times more than the rate of depreciation recorded in the same period in 2016. The cedi has depreciated from 0.9 to 5 percent within the twelve months period. Also, in March 2017, the local … Read more
Latest figures by the Bank of Ghana have shown that the cedi’s depreciation against the dollar for March 2017, is five times more than the rate of depreciation recorded in the same period in 2016. The cedi has depreciated from 0.9 to 5 percent within the twelve months period. Also, in March 2017, the local … Read more
Ghana’s missions Abroad are likely to suffer the brunt of government’s decision to allow them retain a paltry 35% of their internally Generated Funds. According to a report of the Foreign Affairs Committee of parliament on the estimates for the ministry of foreign Affairs, the 2017 budget statement will allow the ministry to retain only … Read more
Impeccable information picked up by The Herald, reveals that each of the 275 Member of Parliament (MP), has grabbed a whopping accommodation allowance of GH¢90,000, regardless of whether they have a home in Accra or not. This paper’s information is that, the MPs were paid the money about three weeks ago, by the Akufo-Addo government … Read more
The Chamber of Bulk Oil Distributors (CBOD) has made a strong case for the government to clamp down on all importers of illegal products into the market if it is to provide fair competition in the industry. The Chamber argues that the perpetuation of the act led to a revenue loss of about 490 million … Read more
The Chamber of Bulk Oil Distributors (CBOD) has made a strong case for the government to clamp down on all importers of illegal products into the market if it is to provide fair competition in the industry. The Chamber argues that the perpetuation of the act led to a revenue loss of about 490 million … Read more
Two Police officers have appeared before an Accra Circuit Court for allegedly robbing a student at gun point of GH 11,000 cedis. The money was withdrawn from a bank by the student who had been sent by his elder brother. The Police officers are General lance Corporal Isaac Amejor and Constable Samuel Asamoah. They were … Read more
The National Service Secretariat (NSS) has denied reports circulating in a section of the media that it has increased allowance for service personnel by about 80 cedis. Reports widely circulated on social media on Friday, March 24, 2017 suggested that the secretariat had effected an allowance increase from GHs350 to GHs430. According to the secretariat, … Read more
The NSS has asked the general public to disregard any news of increment in allowances The National Service Secratariat (NSS) has denied reports of an increment in the allowance of service personnel. There have been reports of an increment of personal allowances from 350 cedis to 430 cedis but the NSS has asked the general … Read more
Cedi has finally recorded sustained appreciation against major international currencies including the U. S dollar, which is currently trading at around GH4.36 on the interbank market. This is the first time the local currency has sustained its appreciation against the U.S. dollar especially, since the first week of January. Analysts are attributing the cedi’s performance … Read more
It has emerged that urban men in the Western region of Ghana demand the highest minimum salary in Ghana. The latest Ghana Labour Force Survey Report by the Ghana Statistical Service said the men in the urban localities of the region demand as much as 1,604 cedis a month as pay. According to the report, … Read more
It has emerged that urban men in the Western region of Ghana demand the highest minimum salary in Ghana. The latest Ghana Labour Force Survey Report by the Ghana Statistical Service said the men in the urban localities of the region demand as much as 1,604 cedis a month as pay. However, urban women in … Read more
Picture shows roofing sheets that have been ripped off at the school due to the rainstorm Students of the Bosome Senior High School in the Ashanti region, need urgent intervention to bring life back to normalcy, after the school was hit with a devastating rainstorm yesterday, which destroyed properties worth thousands of cedis. A local … Read more
The Monetary Policy Committee (MPC) of the central bank is set to announce a new Monetary Policy Rate (MPR), on Monday March 27, 2017, with the prime objective of ensuring price stability and low inflation to ensure stable currency and support output and employment growth. Groupe Nduom (GN) Research expect the Bank of Ghana to … Read more
Guinness Ghana Breweries Limited (GGBL) managed to achieve growth in total revenue in its latest financial report i.e., six months report ending December 2016. GGBL churned out total revenue of GHS 290,452,000 during the period; this represents a 4.31% revenue growth from the GHS 278,445,000 recorded same the period in 2015. High cost of sales … Read more
The Monetary Policy Committee (MPC) of the central bank is set to announce a new Monetary Policy Rate (MPR), on Monday March 27, 2017, with the prime objective of ensuring price stability and low inflation to ensure stable currency and support output and employment growth. Groupe Nduom (GN) Research expect the Bank of Ghana to … Read more
President of the Ghana Association of Bankers (GAB) and Chief Executive Officer of Stanbic Bank, Alhassan Andani, says the real impact of the recent tax cuts by government would be felt only if it will encourage domestic production and boost exports. “The real impact of the tax cuts will depend on where the benefits will … Read more
The Monetary Policy Committee (MPC) of the central bank is set to announce a new Monetary Policy Rate (MPR), on Monday March 27, 2017, with the prime objective of ensuring price stability and low inflation to ensure stable currency and support output and employment growth. Groupe Nduom (GN) Research expects the Bank of Ghana to … Read more
The Monetary Policy Committee (MPC) of the central bank is set to announce a new Monetary Policy Rate (MPR), on Monday March 27, 2017, with the prime objective of ensuring price stability and low inflation to ensure stable currency and support output and employment growth. Groupe Nduom (GN) Research expect the Bank of Ghana to … Read more
A senior lecturer and head of the Finance Department of the University of Ghana Business School (UGBS), Prof. Godfred Bokpin has said that Ghana needs to grow its economy if managers of the economy are keen on debt sustenance. According to Prof. Bokpin, much as many may see the country’s soaring debt as a problem, … Read more