By Elorm Desewu The Bank of Ghana’s Composite Index of Economic Activity (CIEA) has contracted sharply by 10.6 percent in May 2020 compared to 5.6 percent growth in May 2019. …
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Experts advise Banks to be innovative in absence of BoG’s guidelines on coronavirus measures
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed Commercial banks operating in the country have been advised to adopt innovative strategies as they wait for the Bank of Ghana to announce specific guidelines …
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Energy experts want details on renewable energy PPAs re-negotiation claims by Minister
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed John Peter Amewu, Energy Minister has accused the erstwhile Mahama administration of signing a high priced Renewable Energy Power Purchasing Agreement (PPAs) of up …
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Adnan Adams Mohammed The Ghana Export Import (GEXIM) Bank has supported two processing factories under the One-District-One-Factory (1D1F) initiative using sweet potatoes and pineapples in creating a …
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Minority wants Fin. Minister to resign over Fiscal Responsibility Act breach
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The Minority Caucus in Parliament are calling for the resignation or removal of the Finance Minister, Ken Ofori-Atta, from office for breaching provisions of …
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Adnan Adams Mohammed A new survey report from the Ghana Statistical Service (GSS) indicates that, about 45.6 percent of Ghana’s population (that is; almost one out every two …
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Economist add to critics of COVID-19 food distribution to the vulnerable expenditure
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed After the finance minister, Mr Ken Ofori-Atta’s presentation of the mid-year review budget to parliament fortnight ago, some Ghanaians expressed shock with the amount …
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Experts bemoan Ghana’s steep growth in debt servicing to domestic-tax revenue growth
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed A finance expert has expressed serious reservations about the relatively high rate of the country’s interest payment on debts accrued (debt-servicing), currently galloping at about …
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Adnan Adams Mohammed Official figures from the ministry of finance as presented to parliament now puts Ghana’s total public debt stock at GH¢255,727.1 million (equivalent of US$45,486.1 …
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Gov’t to launch GHC100bn COVID-19 revitalisation programme
by Adnan Adamsby Adnan AdamsAdnan Adams Mohammed The government is preparing to roll out a three-and-a-half-year recovery and revitalisation programme to ensure the country do not only survive the havoc caused …