1,977 For the third consecutive year, Ghana failed to improve on the Corruption Perception Index (CPI) released by Transparency International (TI). Results published today show that Ghana’s score of 43 out of 100 in the 2022 CPI has remained the same since 2020. The country tied for 72nd (with Benin, Bulgaria, Senegal and South Africa) […]
Business
First ever tile designer machine installed in Kumasi
1,920 The first ever tile designer machine for the Ashanti region and beyond has been installed in Kumasi. This is to replace the metallic strip that tilers and contractors usually put at the edge of the tile while laying for mainly. beautification purposes. With the new installation, all one needs is to run the edge […]
Modernization, Harmonization of Regulatory Frameworks Critical for Universal Broadband Coverage by 2030 – Ralph Mupita
1,557Ralph Mupita, The President and CEO of MTN Group, Africa’s telecommunications giant, has called for modernization and harmonization of regulatory frameworks to ensure Africa can deliver universal broadband coverage by 2030. He made these remarks at the maiden edition of the Africa Prosperity Dialogues held at the Peduase Lodge in the Eastern Region of Ghana. […]
Ghana’s balance of payments deficit worsens to $3.64 billion
1,633 Ghana’s balance of payments further deteriorated to a deficit of $3.64 billion in December from a $3.4 billion deficit the previous quarter, central bank data showed on Saturday. The West African nation is facing an economic crisis that saw consumer inflation rise to 54.1% last month. The cedi currency has depreciated around 50% annually, […]
Analysis: Ghana’s GDP growth for 2022 lags behind other African countries – AfDB
1,878 The African Development Bank (AfDB) has released its latest economic report, which shows that Ghana’s GDP growth for 2022 was 3.6%, 1.8 percentage points below what was secured in 2021 (5.4%). While this is still positive growth, it is lower than the average for other African countries. According to the report, several countries on […]
Diasporan Investment KEY to Ghana’s economy- Alex Dadey
1,749Executive Chairman of the KGL Group and Board Chairman of the Ghana Investment Promotion Centre, Alex Dadey has called on government to focus on diasporan investment as a solution to Ghana’s economic challenges. In his opening address on Day 1 of the maiden Kwahu Summit under the theme- “AfCFTA: From Ambition to Action- Delivering Prosperity […]
Kejetia Market Faces Shutdown Over ECG Bills
1,666The newly constructed Kejetia Market, situated in the heart of Kumasi, will soon become a white elephant if authorities in the city fail to intervene. Most of the shop owners, who paid huge amount of monies years ago to secure shops in the edifice, are now closing their shops due to colossal power tariffs. According […]
GHAEMA AWARDS LAUNCHED TO UNEARTH TALENTS IN ZONGO COMMUNITIES.
1,913 Chief Executive Officer for Ghana Arewa Empire, a non-governmental organization (NGO),Sanusi Abdul Mujeeb on Monday launched what he has termed ‘GHAEMA AWARDS’, which is to reward talents from Hausa speaking communities in the country. Speaking to this reporter after the official launch, the CEO said nominations are open for persons who delight in participating […]
Antagonising the middle class could have grave consequence for NPP – Dr. Asah-Asante
1,788 Political Science Lecturer at the University of Ghana, Dr. Kwame Asah-Asante, has cautioned the ruling New patriotic Party against ruffling the feathers of the middle class through the domestic debt exchange porgramme. According to him, Ghana’s middle class are primarily the movers and shakers of the economy and elections, thus governments that antagonize them […]
Gold for Oil: We have sufficient gold to sustain the deal – Bank of Ghana
1,853 The Bank of Ghana (BoG) has calmed the fears of Ghanaians over government’s ability to provide enough gold for its Gold for Oil policy. The Central Bank says the country has a sufficient quantity of gold reserves to sustain the policy. The Director of Financial Market at the Bank of Ghana, Stephen Opata made […]