DataBank has ordered all offices nationwide to be closed effective today, December 22, 2022. According to the bank, the decision to close all their offices nationwide is necessitated by the need to protect the staff of the bank who are being physically and verbally abused by customers. While their offices will be closed, the Bank will continue to serve customers and […]
Read more
Some staff of International Monetary Fund (IMF) will be in Ghana on December 1, 2022 to engage the Government of Ghana on its economic bailout programme. The IMF team that will be in Ghana from December 1 to 13, 2022 will be led by their Mission Chief for Ghana at the International Monetary Fund (IMF), Stéphane Roudet. Ahead of their […]
Read more
Mobile money users and operators have expressed their displeasure about the new electronic levy (E-levy) directive to be applied to all transactions from 2023. Following an announcement made by the Minister of Finance, Ken Ofori-Atta, on a reduction of the E-Levy from 1.5% to 1% while presenting the budget and economic policy, he added that, the policy will be applied […]
Read more
Telecom giant MTN is notifying Ghanaians that starting from Monday, November 14, they will be paying more for internet data. In a text that was broadcast to its customers, the telecommunication company with a majority share of the Ghanaian market is urging subscribers to ready themselves for the increased internet data charges. “Dear Valued Customer, kindly be informed that effective 14th […]
Read more
The Bank of Ghana (BoG) has strongly denied claims of collusion with illegal foreign exchange traders (forex) at the Central Business District in Accra to transfer funds offshore. The Central Bank in a statement on Tuesday, November 1, described the allegations by the Director of Research at the Trades Union Congress (TUC) Dr Kwabena Otoo as “reckless and unfortunate”. “It […]
Read more
Economist and Political Risk Analyst, Dr. Theo Acheampong is pushing for sweeping reforms at the Tema Oil Refinery (TOR) and the Bulk Oil Transportation and Storage Company (BOST) as the country continues to face challenges in the production, importation and supply of petroleum products. “Both TOR and BOST need reforms”, he said on Citi TV‘s The Point of View. Contributing to discussions […]
Read more
Simon Osei Mensah, the Ashanti Regional Minister, is set to hold a meeting with shop owners in Adum in Kumasi today. This meeting is to address the ongoing protests by the business leaders due to the struggling economy. The traders in Adum have since Monday closed their shops, while others in areas such as Bantama have replicated the action. Some […]
Read more
Former Finance Minister, Dr Kwabena Duffuor, has rejected claims by managers of the current economy, that Ghana’s crisis is due to the COVID-19 pandemic and the Russia-Ukraine war. According to the former governor of the Bank of Ghana, the depreciation of the cedi can’t be because of Covid-19 or Russia-Ukraine war. He opined that the government has to urgently take […]
Read more
Pierre Frank Laporte, World Bank Country Director for Ghana, has stated that his outfit approved a total of $903 million for Ghana to support public finance reforms.According to him, this is a huge sum of money that any development institution has approved for a country for a period of one year. Speaking at an event in Accra. Pierre Frank Laporte […]
Read more
A Deputy Minister for Finance has debunked claims that the Free Senior High School policy will be affected by the conditions to be spelled out by the International Monetary Fund (IMF) following the government’s decision to seek a bailout. According to Abena Osei-Asare, the government’s flagship programmes like the free SHS, and Agenda 111 among others, will not be scrapped. “We want […]
Read more