The salaries of about 2,000 striking teachers of the colleges of education have been frozen for July 2024. The measure, according to the Ghana Tertiary Education Commission (GTEC), is at the instance of the Ministry of Education due to the teachers’ failure to adhere to calls to call off their strike. Members of the Colleges […]
Government has announced some key revisions to the country’s macroeconomic fiscal targets for 2024. Presenting the Mid-year Budget in parliament on July 23, 2024, Finance Minister, Mohamed Amin Adam said the Overall Real GDP Growth rate has been revised upwards from 2.8 percent to 3.1 percent. He stated that government has decided to maintain the […]
Speaker of Parliament, Alban Bagbin is advocating for a law to cap the number of Justices to the Supreme Court. Ghana’s constitution provides for nine judges to the Supreme Court but does not prescribe an upper limit. The Speaker’s advocacy comes after President Akufo-Addo nominated two new Judges to the Supreme Court to replace two […]
Finance Minister Dr. Mohammed Amin Adam will today present the 2024 Mid-Year Budget Review in Parliament. This will be his first budget presentation since becoming Finance Minister in February 2024, in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921). The review will update the House on the implementation of the […]
The Bank of Ghana is adopting escalating punitive remedial and corrective measures against any banks that do not comply with the minimum recapitalisation needed. This is to prevent a negative Capital Adequacy Ratio, whilst closing one-third of the capital gaps per year (end-March 2024 and new end-March 2025. According to the International Monetary Fund, the […]
The Chairperson of the Electoral Commission (EC), Jean Adukwei Mensa, has assured the public of the commission’s commitment to provide a level playing field for all candidates and political parties in this year’s general election. She said the commission would undertake its mandate in the upcoming elections without fear or favour. From the registration to […]
Moody’s Ratings has indicated possibility of upgrading Ghana’s credit rating after the country Eurobonds exchange. In a note, the global rating agency gave hint that it has completed a periodic review of the ratings of Ghana and other ratings that are associated with this issuer. Ghana’s ratings, which includes its long-term issuer ratings of Caa3 […]
Parliament has passed the National Service Authority Bill, 2024. The object of the bill is to establish the National Service Authority to mobilise and post persons qualified to undertake national service in areas of national priority for national development. If assent to by the President, the bill will also inculcate the values of civic responsibility, […]
The Social Security and National Insurance Trust (SSNIT) says it saved GH¢ 519 million by “deactivating” names of “ghost pensioners” from its payroll. Mr Kofi Osafo-Maafo, Director General, SSNIT, made this known at a press briefing in Accra, addressing issues about investments and operations of the Scheme. Highlighting some developments and functions, he said the […]
The Electoral Commission will embark on a mop-up voter registration exercise from August 1 to August 3, 2024. The mop-up exercise, according to the commission, is to afford people who turned 18 after the limited voter registration and those who did not take part in the registration the opportunity to be captured. The commission will […]