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The MPC need to decide on the current policy rate, which stands at 17%. The policy rate, which influences interest rates for individuals and businesses, is also used as a tool to curb inflation in the country.

Some economists have predicted that, the MPC bimonthly review of the economy will ‘sweat’ to arrive at policy recommendations that balance its mandate to tame the unprecedented inflation spike, manage liquidity issues, and growing the economy. 

This is the first time that an Italian representative has been honoured in the Business Leadership category. On the same evening, Italian Prime Minister Mario Draghi received the Distinguished International Leadership Award.

The chamber is threatening to embark on a strike followed by a demonstration if the ministry does not the minister does not resign.

The Electricity Company of Ghana and Ghana Water Company Limited have proposed an astronomic increase in tariffs for the year 2022. ECG is demanding a 148% increase in electricity tariff, whilst the Ghana Water Company Limited wants 334%.

The issue of restructuring debt is a very complicated issue especially with the private sector and the Eurobond etc. We need to decide among ourselves on what type of structure that will be useful to us. We have essentially about 50/50 with regards to domestic and external debt”, Ken Ofori-Atta expressed.

According to Finance Minister, although the economy is in difficulties now, he believes the it is heading in the right direction, and therefore government will find alternative ways of refinancing the country’s debt.

Year on year inflation is expected to worsen further in the coming months in the wake of the decision by the Public Utility Regulation Commission to hike tariffs of electricity and water as well as increase in transport fares by the transport operators in the country.

Islam is against extremism and violence and thereby never support any form of physical attack or killing of any soul.

The act is rather against Islamic teachings, and therefore they never acted for a religious but for their unguided personal fanatisms which needs to be outrightly condemned by every well meaning Muslim guided by the true teachings of the Qur’an and hadiths of the Prophet Muhammad (S.A.W).