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The World Bank Group President, David Malpass, has expressed disappointment over Ghana and Nigeria’s decision not to sign up for the Debt Service Suspension Initiative (DSSI). Established in May 2020, the DSSI expired at the end of December 2021. The DSSI, put together by the International Monetary Fund (IMF) and World Bank offered countries an opportunity to freeze debt servicing, ...

A Justice nominee of the Supreme Court, Barbara Frances Ackah-Yensu, has proposed the use of Alternative Dispute Resolution (ADR) in handling cases involving illegal small-scale miners (Galamseyers). She said this during her vetting by the Appointments Committee of Parliament on Tuesday, October 18. Asked by Minority Leader Haruna Iddrisu about the judicial response to the galamsey menace, she said “we will determine if ...

Civil Society organizations(CSOs) and Coordinators working in the area of Mental Health have received a day’s training aimed at strengthening community-level advocacy and networks to provide COVID-19 information and services for persons with mental health conditions and their caregivers. The training, held in Accra on Thursday, October 13, formed part of a One- year project being implemented by MindFreedom Ghana ...

Top business executives joined the UN chief on Wednesday to present transformative solutions for bridging the estimated $4.3 trillion-dollar financing gap for countries that reach the ambitious 2030 Sustainable Development Goals (SDGs) – the world’s agreed roadmap for a more peaceful and inclusive world. The Fourth Annual Meeting of the Global Investors for Sustainable Development (GISD) Alliance, is focused on supporting ...

The Institute of Energy Security (IES) has projected fuel prices to go higher following the fall of the Cedi against the Dollar. The energy think tank’s analysis of the foreign exchange (Forex) market over the last two weeks revealed a further depreciation of the Cedi against the US Dollar. The Ghana Cedi depreciated by a significant 2.5% from the previous ...

Ghana’s inflation rate increased to 37.2 percent in September 2022, up from the 33.9% recorded in August the same year, the Ghana Statistical Service (GSS) announced in Accra on Wednesday, October 12. Five groups recorded inflation rates higher than the national average in September, the GSS further announced. They were Housing, Water, Electricity, Gas and Other fuels (68.8%); Furnishings, Household Equipment and ...

An Assistant headteacher of Mpatasie D/A primary in the Amansie South District of the Ashanti Region, Akwasi Anane, has died after an illegal small-scale mining (galamsey) pit collapsed on him. The 47-year-old is said to have gone to the site to work around 9 pm on Tuesday. According to the district National Disaster Management Organization (NADMO) office, Mr Anane was ...

Trade growth is expected to lose momentum in the second half of this year and remain subdued in 2023, as the global economy sustains multiple shocks, such as ripple effects from the war in Ukraine, the latest forecast from the World Trade Organization (WTO) has revealed.  The UN partner agency has cautioned against imposing trade restrictions which would ultimately result ...

Did you know that Africa has the highest suicide rate in the world? To reverse that worrying statistic, the UN health agency WHO on Thursday launched a social media campaign to raise awareness around mental health illness, which is believed to account for up to 11 percent of the risk factors that are associated with suicide. “Every death by suicide is a tragedy,” said Dr. Matshidiso ...

Ghana’s public debt stock went up by ¢9 billion in July 2022 to ¢402.4 billion, the October 2022 Bank of Ghana Summary of Economic and Financial Data has revealed. This is equivalent to 68% of the Gross Domestic Product and is in sharp contrast to the projected 104.6% of debt to GDP ratio in 2022 by the World Bank. In ...