The Bank of Ghana has increased the maximum advance payment for the importation of goods and services to $200,000. This is part of the Central Bank’s amendment of the rules on advance payments for the imports of goods and services into the country. The adjustment is a 300% percent increase of the previous $50,000 needed […]
Ghana’s High Commissioner to Kenya, Damptey Bediako Asare, is advising Ghanaians to be cautious about travelling to Kenya due to escalating protests in the East African country. Protesters have launched what they call “7 Days of Rage,” with street marches against a controversial finance bill proposing new tax hikes. Initially intended as peaceful demonstrations, the […]
Ghana has reached an agreement with Eurobond holders to restructure commercial debts of $13.1 billion.The agreement, which will see Eurobond holders take a haircut of 37 per cent or $4.7 billion in addition to delayed repayments, represents the third and final step in the country’s external debt restructuring negotiations. The Committee of Holders of Ghana’s […]
President Nana Addo Dankwa Akufo-Addo on Monday granted letters of credence to nine new envoys, urging them to actively promote Ghana’s image and interests abroad. The envoys included three High Commissioners, five Ambassadors, and an Ambassador-at-Large. They are, Vice Admiral Seth Amoama, High Commissioner to Nigeria; Mrs. Francisca Ashietey-Oduntun, High Commissioner to South Africa; Mr. […]
President Nana Addo Dankwa Akufo-Addo has called on key players in the public sector to devise strategies aimed at enhancing productivity within public service organisations. He emphasised that this is crucial for ensuring that productivity-based payments become a standard principle for effective salary administration. While addressing the 11th Annual Conference of Chairpersons of Governing Boards, […]
The Public Services Commission (PSC) has congratulated Hon. Henry Quartey on his new appointment as the Minister for the Interior and commended him for his good works and exemplary leadership. The Members of the Commission, led by the Chairman, Dr Victor Kwame Agyeman made these remarks during a courtesy call on the Minister at the […]
Participants in a stakeholders conference on the Emoluments and Privileges of Article 71 Office Holders have called for an end to the “class system” that the concept has created in the country. The proponents, drawn from state and non-state institutions and groups such as the Trades Union Congress (TUC), Fair Wages and Salaries Commission (FWSC), […]
The Ministry of the Interior has officially announced that Wednesday, March 6th, 2024, will be observed as a statutory public holiday nationwide in commemoration of Independence Day. In a statement released on March 1, 2023, the Minister for the Interior, Henry Quartey, stressed the significance of this day in Ghana’s history and called upon all […]
President Nana Addo Dankwa Akufo-Addo has called on fellow Heads of State and the global business community to focus on unleashing the $450 billion AfCFTA-driven potential income that stands to be accrued from continental trade by 2035. President Akufo-Addo added that a one per cent increase in Africa’s share of global trade from two per […]
President Nana Addo Dankwa Akufo-Addo has called on the global investor community to recognise that Africa is now the new frontier for manufacturing, technology and food production. According to him, the savage lessons of these past few years, “where the financial markets have been set up to operate on rules designed for the benefit of […]