The World Health Organisation (WHO) has stressed the need for Ghana and the rest of Africa to implement holistic policies and measures that will halve the number of crashes, injuries and deaths related to road accidents by 2030 in accordance with Target 3.6 of the Sustainable Development Goals (SDGs). The global health institution said those […]
Ghana’s oil revenue has increased to US$840m in the first half of 2024. This amount represents a 36% increase compared to the US$540 million recorded during the same period in 2023. The total petroleum revenue receipts consist of proceeds from oil liftings, corporate tax, surface rental, as well as interest on the Petroleum Fund account. […]
President Nana Addo Dankwa Akufo-Addo has sworn in 16 persons to the Courts of Appeal in response to challenges of an overburdened court system in the country. They are Justices Charles Gyemfi Danquah, Gifty Dokyen, Kofi Akrowuah, Richard Mac Kogyapwah, Kwasi Boakye, Alexander Osei Tutu, Francis Obiri and Lydia Osei Marfo. The rest are Justices […]
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, […]