Ghana
Vai alla Scheda Paese »Action without thought is empty. Thought without action is blind.
— Kwame Nkrumah
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Ghana likely to re-engage IMF deal over BoG deficit financing
A Deputy Minister of Finance, Mona Quartey has told Citi Business News that Ghana may have to renegotiate its deal with the IMF should Parliament approve a 5% financing of government’s budget deficit. According to her, government is willing to accept the decision of the legislature on financing government’s budget ...
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Analysis: Is Mahama ‘overspending’ in election year for votes?
In November 2015, Finance Minister Seth Terkpeh, told Parliament during the 2016 Budget Presentation, that government had put in place sufficient measures against overspending this election year. Prior to this, the International Monetary Fund, IMF, Ghana’s civil society groups, and the business sector, had expressed worry that any budgetary overrun ...
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1st quarter trade volume between Ghana-China hits US$1.8bn
The volume of trade between Ghana and China from January to March this year (2016) has hit 1.8 billion dollars, making Ghana the 6th highest trade partner of China on the African continent, the Chinese Ambassador to Ghana, Madam Sun Boahong has said. According to her, Ghana’s export volume was ...
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Stakeholders push for ban of fake Chinese cement
As Ghana’s cement manufacturing industry expands, there are calls to regulate the importation of inferior cement from China and some parts of Asia to protect the Ghanaian market. Citi Business News has gathered that as Dangote cement prepares to offload thousand trucks from the Tema Port to commence production in ...
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Reduce petroleum prices immediately – Petroleum Consumers
The Chamber of Petroleum Consumers Ghana, has called on various Oil Marketing Companies (OMCs) to as a matter of urgency reduce prices of petroleum products. The Chamber in a statement said, “pump prices remain largely unchanged from the previous pricing window figures, at a time when world market prices have ...
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Brexit to impact Ghana’s trade, FDI- BoG warns
The Bank of Ghana has warned that Britain’s exit from the European Union (EU) bloc could negatively impact Ghana’s trade sector, Foreign Direct Investment(FDI), and the cedi. The central bank further points out that , Ghana’s strong trade relations with both the EU and the UK could be affected, with ...
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BoG allows banks to lend above permitted ceiling
As the volume of Non-Performing Loans (NPLs) increase due to bad investments made by banks, the Bank of Ghana (BoG) has revealed that it has in certain circumstances allowed banks to breach the single obligor limit to maintain financial stability. The move which is seen as contradiction to some financial ...
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Analyst shocked at BoG for maintaining policy rate
A Senior Lecturer of Finance at the University of Ghana Business School, Dr. Lord Mensah has expressed surprise at the Bank of Ghana’s decision to maintain the policy rate at 26%. According to him, macro economic indicators such as the decline in inflation, should have reflected in a drop in ...
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GIPC defends Ghana’s tax exemptions regime
The Ghana Investment Promotion Centre (GIPC) has downplayed the IMF’s suggestion to Ghana to cut down on the number of tax exemptions allowed in the country. According to the Chief Executive Officer of GIPC, Mawuena Trebah, reporting controls have been instigated to ensure revenue accruing to the state from companies ...
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PPP will eradicate politics of ‘winner takes all’ – Nduom
The Progressive People’s Party (PPP) has vowed to eradicate the politics of ‘winner takes all’ from Ghanaian governance system should it win power in the upcoming general elections. Speaking at the PPP’s national convention at Ghana International Trade Fair Centre today [Saturday], the party’s flagbearer, Dr. Papa Kwesi Nduom, assured ...
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PPP’s 3rd National Convention underway [Photos]
The third edition of the Progressive People’s Party (PPP) National Convention is currently underway at Ghana International Trade Fair Centre in Accra. About 3,000 delegates are expected to converge for the event. Speakers at the convention include the party’s national women’s coordinator, the national youth coordinator, national secretary, national treasurer ...
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BOG chases ‘fake’ microfinance companies in V/R
The Bank of Ghana has said it is liaising with security agencies to deal with some microfinance companies in the Volta Region who are said to have swindled investors of their monies. A statement from the BOG’s Communication Department said though they have not registered such facilities, they are “liaising ...
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FPSO John Evans Attah Mills to produce first oil in August 2016
The Managing Director of Tullow Ghana, Charles Darku has told Citi Business News that production of oil will commence on the FPSO John Evans Attah Mills in the first week of August, 2016. Speaking to Citi Business News’ Norvan Acquah-Hayford who was part of a team of journalists who toured ...
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Ghana Gas increases gas supply to VRA
The Ghana National Gas Company Limited (Ghana Gas), has told Citi Business News of an increased supply of gas from the FPSO Kwame Nkrumah following the resumption of operations on the floating vessel on Wednesday, July 13, 2016. According to the company, it has therefore increased its supply of gas ...
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Parliament passes Banks and Special Deposit Taking Bill
Parliament has passed the Banks and Special Deposit Taking Institutions Bill. The law, among others is to amend and consolidate the laws relating to deposit taking and to regulate institutions which carry out deposit taking business. It also re-emphasizes the authority of the Bank of Ghana as the only entity ...
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Brexit is wrong timing for Eurobonds in UK – Economist
A lecturer at the University of Ghana Business School, Dr. Lord Mensah believes Finance Minister Seth Terkper should be worried about raising external funding to support the country’s budget following Britain’s exit from the European Union. “For now, I think we need to be a bit slow considering the timing ...
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56,000 ‘NHIS voters’ deleted from register
It has emerged that the 56,000 voters whose names were captured on the electoral roll with the National Health Insurance card as proof of Ghanaian citizenship, have been deleted in compliance with the Supreme Court’s order. Sources close to the Commission confirmed this to Citi News after an Inter-party Advisory Committee ...
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Sellal receives Ghana's former FM
ALGIERS- Prime Minister Abdelmalek Sellal has received, Monday in Algiers, Ghana's former minister of Foreign Affairs James Victor Gbeho, who is carrying a message to President of the Republic Abdelaziz Bouteflika, said the Prime Minister Office in a communiqué. During the audience, "issues relating to the situation in Africa ...
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Ghana Begins Visa-on-Arrival Policy For AU Member States
The Ghana Immigration Service (GIS) said that foreign nationals from the African Union (AU) member states can now travel to Ghana and be issued with visas on arrival. Francis Palmdeti, Head of Public Affairs of the GIS, said on Monday in a statement that Ghana kick-starts the new visa policy. ...
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Ghana may not achieve 100% SDGs but… – Mona Quartery
The Deputy Minister of Finance, Mona Quartey has said though it will be difficult for Ghana to attain hundred precent target for the Sustainable Development Goals (SDGs), the country will certainly achieve an enviable status. The SDGs was adopted by world leaders in September 2015 and sets out 17 audacious ...
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Implement Supreme Court order immediately – IMANI to EC
President of policy think tank, IMANI Ghana, Franklin Cudjoe is asking the Electoral Commission (EC) not to delay in deleting the names of 56,000 people who used the National Health Insurance Scheme (NHIS) card as a proof of citizenship to register prior to the 2012 elections. The EC has announced ...