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The Bank of Ghana is convening an emergency Monetary Policy Committee meeting on Wednesday, August 17, 2022, over recent challenges faced by the Ghanaian economy. The meeting according to the apex bank will review developments in the economy over the past month. Some of the issues expected to be discussed are ways to deal with the sharp depreciation of the ...

The Minority in Parliament says the increase in utility tariffs by the Public Utilities Regulatory Commission (PURC) will only exacerbate the current high cost of living. This comes after the PURC announced new tariffs for electricity and water. Utility consumers will pay 27.15 percent for electricity and 21.55 percent for water effective September 1. The Ranking Member on Parliament’s Mines and Energy ...

Director of Operations at Dalex Finance, Joe Jackson, has described the current economic downturn as one of the toughest he has experienced since 1981. According to him, there is no dispute when it comes to the dire economic situation the country finds itself in and this is especially reflected in Ghana’s interest rates. “The government Treasury bill, 91 days Treasury ...

Madam Monica Josiah, Head of Shippers’ Services and Trade Facilitation at the Ghana Shippers Authority (GSA), has called on the government to work in collaboration with stakeholders to redeem the cedi from its present woes. She said it was time the government took effective measures to help stabilise the cedi to build a resilient and robust economy for macro-economic stability. ...

Economist, Professor Godfred Bokpin, has urged President Nana Addo Dankwa Akufo-Addo to reduce the size of his government and check corruption. He says this is the surest way to check the country’s economic woes. With rising inflation and policy rates, the country’s economy received yet another downgrade to CCC by Fitch Ratings with concerns of dwindling investor confidence. In a Citi ...

Rating agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. The downgrade, it said, reflects the deterioration of Ghana’s public finances, which has contributed to a prolonged lack of access to Eurobond markets, in turn leading to a significant decline in external liquidity. “In the absence of new external financing sources, international reserves ...

Kenyans are waiting for the results of a close but calm presidential election in which the turnout was notably lower than usual, and the electoral commission indicated it would be at least Thursday before a winner is declared. Tuesday’s election was likely the final try by longtime opposition leader Raila Odinga, who on his fifth attempt was backed by former ...

An Economist at the University of Ghana Business School, Professor Godfred Bokpin, has backed calls for a national dialogue to bring the economy back on track. He said there is a need for consensus building, to bring on board alternative ideas from civil Society, academia among others to find solution to the economy. Speaking on GBC’s Current Affairs programme ‘Behind ...

Executive Director of the Ghana Integrity Initiative (GII), Madam Linda Ofori Kwafo has told President Nana Addo Dankwa Akufo-Addo to take particular interest in the case of the Council of State Member who is alleged to have been involved in the Labianca Foods scandal. This comes after the Office of the Special Prosecutor (OSP) recovered over GHC1 million GHC1,074, 627.15) from Labianca Foods in unpaid import duties. ...

MindFreedom Ghana, a mental health advocacy organization has blamed state actors for not prioritizing issues relative to mental health in the country. MindFreedom’s reaction was triggered by a recent news report by: myjoyonline.com https://www.myjoyonline.com/mentally-challenged-woman-stones-man-todeath-at-kwame-nkrumah-circle/ with the Headline, “Mentally challenged woman stones man to death at Kwame Nkrumah Circle on 1st August, 2022.”    In a Press statement signed  and  issued in ...