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IMF officials expected in Ghana on July 6 to assess bailout request

A team from the International Monetary Fund (IMF) is expected to arrive in Ghana on Wednesday, July 6 to begin negotiations with the government on the economic support it is seeking. The IMF officials – comprising senior officers from the Fund and local staff – will meet the Finance Ministry, the Economic Management Team, and the Presidency during their stay, ...

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Teachers declare strike over COLA

The leadership of the Ghana National Association of Teachers (GNAT) the National Association of Graduate Teachers (, NAGRAT) Coalition of Concerned Teachers (CCT), and the Teachers & Educational Workers’ Union (TEWU) have asked their members to withdraw their services beginning today, Monday, July 4, 2022. This decision was announced by the General Secretary of GNAT, Thomas Musah Tanko in Accra on Monday. The teachers earlier gave ...

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Mahama tells gov’t to present comprehensive home-grown programme to IMF for support

Forner President John Dramani Mahama has said the government’s decision to commence talks with the International Monetary Fund (IMF) for a bailout should mark an important step in addressing the country’s economic crisis. He says beyond the engagements, “a comprehensive home-grown programme should be fashioned out and presented to the Fund for support.” In a Facebook post today, Saturday, July ...

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BREAKING: Ghana heads to IMF

President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for an economic support. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicated that there had already been a conversation between the IMF boss, Kristalina Georgieva and President Akufo-Addo. conveying the government’s decision to engage ...

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BoG strengthening its fraud monitoring activities – Report

The Bank of Ghana (BoG) has said it is strengthening its fraud monitoring activities and enforcement of required internal controls and risk governance within banks, SDIs, EMIs and other regulated entities. As part of the measures, the Central bank has issued a notice to the public, banks and other regulated entities on the usage of the Ghana Card as the ...

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Government will withdraw e-levy if it’s not helpful – Kwaku Kwarteng

The Chairman of Parliament’s Finance Committee, Kwaku Kwarteng, says should the government assess that the e-levy is not a helpful policy, it will be withdrawn. His comment comes on the back of a tweet by a leading member of the New Patriotic Party (NPP), Gabby Otchere-Darko, which said the e-levy is not living up to government expectations. He disclosed that ...

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US Senate passes first gun control bill in decades

The US Senate has passed a gun control bill – the most significant firearms legislation in nearly 30 years. It imposes tougher checks on young buyers and encourages states to remove guns from people considered a threat. In a rare bipartisan breakthrough on gun control measures, 15 Republicans joined Democrats in the Senate to approve the bill. It still needs ...

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E-Levy: 8 out of 10 Ghanaians have changed MoMo transaction behavior – Study

Majority of Ghanaians are said to have changed their behavior towards the electronic transfer of funds since the E-Levy kicked in back in May this year. According to a study, 83% of the populace felt compelled to do so in order to adjust to the limits introduced by the said levy as far as their livelihoods are concerned. These were ...

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World Trade Centre Accra announces partnership with Altkom Akademia to offer Life Professional Education in Africa

World Trade Centre Accra (WTC Accra) has partnered with Altkom Akademia to offer live professional education and capacity-building programmes in West Africa over a digital platform. WTC Accra is an essential facilitator of trade and investment in Ghana and operates as a member of the World Trade Center Associations global network. WTC Accra also conducts corporate training and capacity-building programmes ...

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No need to panic over fuel shortage concerns – Senyo Hosi

The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi, has said Ghana has enough fuel stock to last a month amid fuel shortage concerns. Speaking on the Citi Breakfast Show, Mr. Hosi said there was no need to panic. “We have enough stock to keep us stable and actually buy us enough time to fix the ...

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