Ghana has had to scrap its 4th Eurobond sale in as many years after investors virtually rejected the bond by demanding astronomic rates amid concerns on the health of the economy. A statement issued by the Finance Ministry announcing the scrapping of the Bond stated, “the Government will continue to build on this dialog with … Read more
Uber, the innovative app that connects riders with drivers, has partnered with SMSGH to provide mobile payments to the Greater Accra Metropolitan Area (GAMA). Uber’s African expansion has significantly grown in the last year with its recent launch in Accra, the 13th city to join Uber’s booming network in Africa. The World Bank reports that … Read more
Former President Jerry John Rawlings has described the educational system in Ghana as lacking substance and essence. He said at a time when the country was inundated with so many universities the quality of education has dwindled churning out superficial graduates every year. Mr Rawlings said although the educational system in the country had transformed … Read more
Former first lady and founder of the National Democratic Party (NDP), Nana Konadu Agyeman-Rawlings, has once again lambasted the National Democratic Congress (NDC) government, describing it as corrupt. According to her, the Mills/Mahama administration had supervised the most corrupt and reckless practices in the history of the country. She said, “I think the fifth and … Read more
Minister of Finance, Seth Terkper, says government has created thousands of jobs for the youth of the Ghana through the various projects that are being undertaken. He made this statement on the floor of Parliament when he was reading the budget for 2016. “The fixed and mobile telephony and internet subscriptions as at August 2015 … Read more
The 125-megawatts power barge is expected to consume about 30,000 metric tonnes of Heavy Fuel Oil (HFO) every month at a cost of between $7 million and $9 million, depending on current crude oil price movements. If the power barge was using crude oil, the 30,000 metric tonnes would cost between $11 million and $12 … Read more
Nicholas Gumbo, A leading parliamentarian in Kenyan tasked the Kanyan Government to take a strong stance on the horrendous levels of corruption in the Government. Gumbo explained his point by giving elaborate instances of corruption. Basic wheelbarrows had been expensed for $1,000, standard pens for $85 each and a desktop computer for $11,000. The parliamentarian, … Read more
President John Dramani Mahama says the National Democratic Congress(NDC) has a good enough track record to retain power in the 2016 general elections. He said the party had honoured most of its 2012 campaign promises by building many educational, health and road infrastructure across the country. President Mahama was speaking in Bolgatanga on Thursday during … Read more
Mr. John Agyekum Kufuor was born on December 8, 1938 in Kumasi, Ghana. He had his Secondary Education at Prempeh College where he passed at the top of his class. He enrolled at Lincoln Inn, London, and was called to the Bar in 1961 at the age of 22. He then entered Oxford University where … Read more
Introduction: In this currency status report, I will discuss the negative and positive factors that are currently impacting the Ghanaian economy in plain language devoid of economic jargon as much as possible. The Ghanaian economy, especially its Cedi, has come under renewed pressure over the last few weeks I the global currency markets. So lets … Read more
Batakari, a traditional attire of the people in the northern part of the country, has been officially declared a National Friday Wear to be worn on the first Friday of every month. The initiative is to boost the patronage of made-in-Ghana goods and to step up the international appeal and reach of batakari. It is … Read more
The International Monetary Fund (IMF) says its country mission for Ghana will return next month for further consultations with Ghanaian officials over the West African country’s request for a bailout. It said the two sides had concluded successfully the second round of talks held on the tail of the Annual Meetings of the World Bank … Read more
The World Bank has agreed a dramatic increase in financing to address the Ebola crisis upping the initial $230 million to $400 million dollars. The money will help the worst-affected countries such as Liberia, address the emergency and build stronger health systems for the years ahead. The deadly virus has struck fear into West African … Read more
The International Monetary Fund said Tuesday it was holding talks with government officials in Ghana on possible aid to surmount the African nation’s fiscal and economic challenges. A team will be in the capital Accra through September 25 for the discussions with Ghanaian authorities, who formally requested IMF assistance on August 8, the Washington-based global … Read more
Former President John Agyekum Kufuor has left Accra for Washington and New York to attend a United Nations (UN) Summit. He is expected to hold meetings with top officials of the World Bank and the UN, as well as address several high level forums. A Statement issued in Accra from the Office of the former … Read more
(Accra,GNA) – The Universal Access to Health Care Campaign (UAHC) has urged government to consider mobilising sufficient resources to help save the National Health Insurance Scheme (NHIS) from collapse. The Universal Access to Health Care Campaign is a National Campaign driven by a network of Local and International Non-governmental organisations. A statement to the Ghana … Read more
In 1957, Ghana became the first country in Sub-Sahara Africa to gain independence from colonial rule. The euphoria that accompanied the event was non like ever experienced on African soil. It culminated into a massive wave that swept through the rest of the African continent and brought freedom to many. It was a symbol of … Read more
According to reports reaching us from the daily graphic, Ghana will soon boast its own airline as the Ministry of Transport has signed a memorandum of understanding (MOU) with PWC Ghana and the World Bank for the commencement of the Technical Advisory Services. The Technical Advisory Services would involve the undertaking of various business studies, … Read more
The World Bank has praised Ghana for what it calls the enviable growth of the country’s economy in terms of development over the past ten years. According to the World Bank, Ghana’s significant growth is as a result of strong governance systems, increased in productivity and the discovery of oil in recent years, ranking Ghana … Read more
African Leaders attending next week’s US-Africa Leaders Summit in Washington D.C. will be screened for Ebola, President Barack Obama has announced. At least 730 people have died from the outbreak in Liberia, Guinea, and Sierra Leone. Nigeria recently, recorded one case. A total of approximately 1,300 people have been affected by the viral outbreak since … Read more