The Finance Minister is expected to present the 2024 Mid-Year Budget review on July 12th or 15th. This comes days after the Minister announced an end to the country’s debt restructuring as part of the International Monetary Fund’s (IMF) conditionalities. According to the Majority Chief Whip, Frank Annoh-Dompreh, the specific date “is yet to be […]
Five Ghanaian Legislatures and an Officer, who were on an official visit to the Parliament of Kenya, who were caught up during the Kenyan violent protest are safe and secured. A statement issued by the Parliamentary Service of Ghana, copied to the Ghana News Agency said the High Commission of Ghana in Kenya had confirmed […]
Nearly one out of every four Ghanaians (over 7.31 million people) are multidimensionally poor, facing deprivations in health (not healthcare), education, employment, and living conditions (not poor living conditions), a report released by the Ghana Statistical Service (GSS) has revealed. This means 24.3 per cent of Ghanaians (over 7.31 million people) are multidimensionally poor. Employment dimension (not unemployment) […]
Ghana placed 2nd in remittance flows to Africa in 2023, the World Bank has revealed in its 2024 Migration Development Report. The country recorded $4.6 billion in remittance receipts in 2023. Nigeria came 1st with remittance flows of $19.5 billion. Kenya, Zimbabwe and Senegal came 3rd, 4th and 5th with inflows of $4.2 billion, $3.1 billion and $2.9 […]
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 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. […]
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 […]
There is a mixed reaction by some pensioners in Tema to the news of the Social Security and National Insurance Trust (SSNIT) 15 per cent monthly pension increment. While some described it as a drop in the ocean, others said it was better than nothing. SSNIT has increased monthly pensions by 15 per cent for […]