The Coalition of Concerned Teachers Ghana has threatened to strike if government goes ahead to block the salaries of its members who will be unable to get SSNIT biometric registration by the end of September. According to the teachers, the Controller and Accountant General’s Department has issued a directive to the effect that persons who … Read more
The Ministry of Finance, the Bank of Ghana (BoG), and the Ghana Bankers Association have announced plans to pay the legacy debt owed in the power sector. According to the Ministry of Finance, government has arranged with the Bank of Ghana to create an escrow account to transfer 250 million cedis to settle part of … Read more
Government plans to borrow an amount of GHC25.2 billion (GHC25,270 million) for the remaining five months of 2016. The amount, which would be borrowed between August and December 2016, will be used to rollover a forecast of maturities to meet government’s financing requirements. The monthly breakdown are August – GHC6 billion (GHC6,010 million); September – … Read more
Citi Business News has learnt that the Ministry of Finance is working to withdrawal the National Reconstruction Levy which imposes 5 percent pretax on profits of some businesses by next year. The Levy which is also known as Fiscal Stabilization levy has been heavily criticized as a disincentive to the growth of businesses in the … Read more
Government’s decision to re-open a five-year GHC400million domestic bond has bolstered expectations that the cedi will from this week see one of its strongest runs amid rising pressure on the local currency in recent times. This has prompted a flurry of speculations in the market with analysts predicting that the cedi will rally strongly against … Read more
“… Things are never as complicated as they seem. It is only our arrogance that prompts us to find unnecessary complicated answers to simple problems.” The preceding words by Professor Muhammed Yunus, a nobel laureate and the originator of the microfinance concept, could not have been more sensible. More often than not the solution to … Read more
Government has announced plans to issue an estimated 25.3 billion cedis between August and December this year. Of the amount, 23.8 billion cedis is expected to be used to rollover forecast maturities with the remaining amount of 1.4 billion cedis being fresh issuance to meet government’s financing requirements. A statement from the Bank of Ghana … Read more
The late Dr Nikoi, was born on 19th January 1930 at La, Accra and died on Thursday, 5 September. He had Bsc in Economics at the Amherst College in USA in 1953, a Fellow of Harvard University, USA 1953-55 and honorary M. A. Amherst in 1963. Between 1957-1960, he joined the Ghana Foreign Service and … Read more
Dr. Kwesi Botchwey holds a Bachelors of Law degree (LLB) from the University of Ghana, a Masters degree in Law (LLM) from Yale Law School, and a Doctorate degree from the University of Michigan Law School. He taught at the University of Zambia, the University of Dar es Salaam (Tanzania) and the University of Ghana. … Read more
Mr. Terkper was born in Somanya in the Eastern Region of Ghana, where he started his Elementary School education in the Presby cluster of schools. He obtained his first degree in Bachelor of Commerce (B. Comm.) from the University of Cape Coast (UCC) in Ghana. He is also a Chartered Accountant who holds a Master … Read more
Ph. D. in Political Science and International Development, Carleton University, Ottawa, 1989. M.A., Political Science and International Relations, Carleton University, Ottawa, 1982. B.A. (Hons.), Political Science, University of Ghana, 1981. LANGUAGES & DEGREE OF PROFICIENCY English Speak, Read, Write (Excellent) Dagbani Speak (Excellent) Wale Speak (Good) Dagari Speak (Good) Twi Speak (Fair) Yoruba Speak, Read, … Read more
Hon. Juliana Jocelyn Azumah-Mensah was born on 15th June, 1950 at Koforidua, in the Eastern Region of Ghana. She is married with two children. Her hobbies include Dancing, Reading, Sewing, Counseling, Gardening, Painting and Decorating (D. I.Y). She had her primary and middle school education at the R. C. Primary and Local Authority Middle Schools, … Read more
Kwesi Bekoe Amissah-Arthur is a Ghanaian economist. He was Governor of the Bank of Ghana before his appointment as the Vice President of the Republic of Ghana. Amissah-Arthur has a B. Sc in Economics from 1974 and an M.Sc in Economics from 1980. Before becoming Governor, he has held many positions in the Ministry of … Read more
The Enhancing Growth in New Enterprises (ENGINE) Programme has organised an Investment Dialogue for entrepreneurs in the Northern Region to facilitate the access to a cheaper source of funding for their businesses. The programme, organised in collaboration with the Ghana Stock Exchange (GSE), was held in Tamale on the theme: “Raising Capital on the Ghana … Read more
Government has delayed plans to issued a $1 billion Eurobond. The road show was led by the Finance Minister, Seth Terkper, officials from the Ministry of Finance, the Bank of Ghana (BoG) and advisors to meet with institutional investors in the United Kingdom and the United States. From August, 1-3, their mission was to raise … Read more
Staff of the Volta River Authority (VRA) have insisted they are still protesting the Power Ministry’s plans to cede the Aboadze T3 plant to AMERI. The Deputy Power Minister, after engaging the disgruntled VRA staff on Thursday, revealed to the media that the staff had indefinitely postponed their planned strike action ahead of another meeting … Read more
Fiscal challenges and the high cost of aviation fuel prior to its reduction last week has negatively impacted on Domestic Passenger Movements in the country. Figures released by the Ministry of Transport indicate that the sub-sector suffered some setback showing a decline, recording 195,447 domestic travel from January to June 2016, compared to 288,968 domestic … Read more
The Mahama-led National Democratic Congress government, through the manoeuvrings of Finance Minister Seth Terkper, has outwitted the International Monetary Fund, having its way on the critical issue of Bank of Ghana’s financing of government. That was after whipping Parliament to enable it to breach the key condition in the IMF’s agreement with the country. The … Read more
As part of measures being taken to manage Ghana’s debt stock, the Government has decided to proceed with a capped cash tender offer, up to US$100mn of the Ghana 2017 Bonds issued in 2007, in line with the country’s buy-back programme. A statement issued by the Public Relations unit of the Ministry of Finance said … Read more
“Dumsor,” the term most people use to describe the erratic power supply that has hit the country in recent years, will soon vanish from the Ghanaian vocabulary, the acting Minister of Power, Mr Seth Terkper, has said. He said the ministry and its agencies were spending sleepless nights to ensure that the disruption in power … Read more