Acting Chief Executive of the Ghana Chamber of Mines, Ahmed Dasana Nantogmah, says the era when mining companies operated in isolation from host communities is over. Speaking on JoyNews, Nantogmah stated emphatically that “Mining isn’t leaving communities behind anymore.” He explained that mining companies now have deliberate policies to ensureContinue Reading
Ghana’s mining industry is employing more people from host communities than ever before, with nearly 42% of workers at some mining companies now coming directly from local areas. That is according to the Acting Chief Executive of the Ghana Chamber of Mines, Ahmed Dasana Nantogmah. Speaking on JoyNews, Nantogmah madeContinue Reading
Under Ghana’s 2012 Road Traffic Regulations (LI 2180), the use of motorcycles and tricycles for commercial passenger services remains prohibited. Yet, in recent years, tricycles, popularly known as pragya, have transformed public transportation in Kumasi, providing affordable and convenient mobility for commuters. Despite their illegal status, the tricycle business hasContinue Reading
After years of economic turbulence marked by ballooning debt, cedi depreciation, and waning investor confidence, Ghana is finally witnessing a refreshing reset under the stewardship of the Governor of the Bank of Ghana and the current Finance Minister, Hon. Ato Forson. The duo has not only brought technical clarity toContinue Reading
Commercial banks operating in the country will now be required to maintain cash reserves in the same currency as the deposits they hold. This is a key policy adjustment as the Bank of Ghana (BoG) amends its Dynamic Cash Reserve Ratio (CRR) framework. The revision is to deepen financial sectorContinue Reading
Governor of the Bank of Ghana, Dr. Johnson Asiama, says consumers can expect a gradual reduction in the prices of goods and services. This is because, the recent appreciation of the cedi will soon begin to filter through the economy. Speaking at a press briefing following the Monetary Policy CommitteeContinue Reading
The external sector outlook remains favourable, largely anchored on expectations of increased gold and cocoa export receipts, as well as inflows from remittances, the Bank of Ghana has revealed in its Monetary Policy Report. According to the Central Bank, the external sector has continued to improve, with a record provisionalContinue Reading
Based on easing inflationary pressures and optimism about macroeconomic conditions, the latest confidence surveys by the Bank of Ghana showed significant improvement in consumer and business indices, the highest in the last seven years. On the domestic front, the Central Bank’s high frequency real sector indicators also pointed to aContinue Reading
Governor of the Bank of Ghana (BOG), Dr. Johnson Asiama, says the Central Bank does not have any specific target rate for the appreciation of the cedi. Speaking at a press conference after the Monetary Policy Committee (MPC) meeting to review recent economic developments, he stated, “We don’t have suchContinue Reading
The Electricity Company of Ghana (ECG) has launched a new digital platform to collect real-time data from five major power stations in the Ashanti Region, aimed at improving electricity supply and operational efficiency. The new system is being deployed at the Anwomaso, Ridge, Konongo, Obuasi, and Dunkwa Bulk Supply Points.Continue Reading