The Ghana cedi lost 2.4% in value to the US dollar in the first month of 2025. This is compared to a depreciation of 1.3% during the same period last year. According to the Bank of Ghana, the local currency traded at a rate of GH¢15.06 to the American greenbackContinue Reading
President Mahama’s nominee for Finance Minister, Dr. Cassiel Ato Forson, has pledged to reduce Ghana’s inflation to single digits through robust fiscal measures, particularly by controlling government expenditure. Speaking during his vetting on January 13, Dr. Forson outlined a series of proposals aimed at stabilizing the economy, including cutting unnecessaryContinue Reading
The Ghana cedi lost 0.48% to the dollar last week, increasing its year-to-date loss to 1.27% with just 13 days into 2025. Cedi loses grounds against dollar, but records gain against pound; one dollar equals GH¢15.85 The local currency closed closing at a mid-rate of GH¢15.68 to one American greenback.Continue Reading
The Finance Minister designate, Dr. Cassiel Ato Forson has disclosed that government will form an Independent Value for Money Office to help cut waste in the public sector. Answering questions before the Appointment’s Committee of Parliament on January 13, 2025, he stressed that wasteful expenditure is the bane to Ghana’sContinue Reading
Demand for treasury bills soared on the money market as T-bills were oversubscribed by more than 55%. However, interest rates continued to surged, increasing the government’s cost of repaying the short-term instruments. According to action results by the Bank of Ghana, the government got a remarkable GH¢8.075 billion from theContinue Reading
It’s obvious that without power the economy will grind to a halt. It’s the engine for economies and industries. Its underlying role in our affairs is too costly to overlook. Yet the most important ministry in terms of the economy has no financial support. The lack of permanent financial structureContinue Reading
The Chief Executive Officer of Richardson Group of Companies, John Andrew Richardson, has called on President John Mahama to include the re-establishment of a national airline as part of his ambitious Reset Agenda. As the founder of Oligarch Africa Ltd, Mr. Richardson, a seasoned entrepreneur and leader in the travelContinue Reading
The Finance Minister-designate, Dr Cassiel Ato Forson, has vowed to abolish the betting tax and the E-levy in his first budget when he’s approved. Speaking before the Appointments Committee of Parliament on Monday, January 13, Dr Forson argued that the current betting tax has failed to achieve its intended objectivesContinue Reading
A Turkish Airlines flight, TK 630, operated by a Boeing 737 MAX 8, scheduled for Istanbul from Accra on Saturday, January 11, was forced to return to the Kotoka International Airport approximately two and a half hours after takeoff. Scheduled for a six-hour flight, the aircraft was forced to turnContinue Reading
The Peasant Farmers Association of Ghana (PFAG) has urged President John Dramani Mahama to appoint a youthful and experienced Minister for Food and Agriculture. The group stated that the nominee should have a strong agricultural background and the expertise to tackle the challenges in the sector. In a statement congratulatingContinue Reading