Ranking Member on the Finance Committee of Parliament Dr Cassiel Ato Forson has described the current inflation rate of 54.1 per cent as frightening. In his view, the central bank, the Bank of Ghana (BoG) may have to respond to this upward trend by increasing the policy rate which is …
Read More »Slow growth in emerging, developing countries driven by heavy debt burdens, weak investment – WB Pres
The World Bank Group President David Malpass has said that emerging and developing countries are facing a multi-year period of slow growth. The slow growth, he said, is driven by heavy debt burdens and weak investment as global capital is absorbed by advanced economies faced with extremely high government debt …
Read More »Anne Sophie Avé opens up on how Macron promoted her after French Ambassador role in Ghana
Immediate past French Ambassador to Ghana Anne Sophie Avé says she was appointed to her new role as French Ambassador in charge of Public Diplomacy in Africa as a result of her work in Ghana. She said her activities, which were deemed by President Emmanuel Macron as promoting the European …
Read More »Two brothers drown in a ‘galamsey’ pit at Watereso
The lifeless bodies of two brothers have been retrieved after they allegedly fell into a pit dug in search of precious minerals at Watereso, near Daatano in the Amansie South District of the Ashanti Region. The deceased according to report were drown while fishing in the pit on Monday January …
Read More »Woman dies after falling off husband’s motorcycle on way to church
A woman, on Sunday, died on her way to church, after falling off her husband’s motorcycle at the Fajol axis of Obantoko area in Abeokuta. The News Agency of Nigeria (NAN) gathered that the incident happened as the husband of the deceased lost control in the process of avoiding a …
Read More »Alan K promises Ghanaians ‘GTP’ during his presidency
New Patriotic Party (NPP) flagbearer hopeful Alan John Kwadwo Kyerematen has served notice he will make himself available for election when the party opens nominations for its presidential primaries this year. He said if he wins the primaries and is subsequently elected President of Ghana, he will be a transformational …
Read More »Ghana’s gradually becoming a NATO country – Alan hits hard
Ghana is gradually becoming a country where there is no action but talk only, former Minister of Trade and Industry Alan Kwadwo Kyerematen has observed. He, therefore, insists that as a people, Ghanaians must focus more on getting things done rather than talking. “As a people, we must focus more …
Read More »2023 global economic growth to slow to 1.7% – World Bank
Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile economic conditions, any new adverse development—such as higher-than-expected inflation, abrupt rises in interest rates …
Read More »Telcos ready to implement revised E-Levy rate of 1% from Wednesday
The Ghana Chamber of Telecommunications has announced that telecom companies are ready to start the implementation of the revised E-Levy rate of 1% from Wednesday January 11. The Chamber in a statement said following the directive from the Commissioner General of the Ghana Revenue Authority (GRA) the implementation of the …
Read More »Akufo-Addo begs for prayers for him and Ghana
President Nana Addo Dankwa Akufo-Addo has pleaded with the Anglican Church to bear him and the nation up in prayers. He explained that often as a Christian, one may be tempted to allow struggles to define them but with prayers victory is guaranteed. The President made the prayer on Tuesday, …
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