The International Monetary Fund (IMF) has given Ghana’s economy a clean bill of health. According to the fund, Ghana’s economy remained stable and projected a seven per cent Gross Domestic Product (GDP) growth for 2019. A team from the Breton Woods institution, led by Mr Carlo A.E. Sdralevich, which is in the country for Article IV Consultations, made the disclosure […]
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Exclusive documents secured by Joy News reveal that Power Distribution Services (PDS) paid the required $12.2 million premium to secure guarantee to finalize the takeover the Electricity Company of Ghana (ECG). However, the documents again reveal that the money never got to the reinsurers in Qatar. In the letter dated February 21, 2019, Cal Bank writes to the Millenium Development […]
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The Ghana Revenue Authority (GRA) cannot account for a total of 1,719 vehicles auctioned for GH¢25.5 million between 2015 and 2017. This is according to the Auditor-General’s 2018 report on the Public Accounts of Ghana (PAG). The report, which was published on Monday, 22 July 2019, captured accounts on the Ministries, Departments and Agencies (MDAs). “GRA could not account for […]
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The Public Utilities Regulatory Commission (PURC) has approved an 8.01 percent increment in water tariff, effective July 2019. At a press conference, the Executive Secretary of the Commission, Maame Dufie Ofori, said the depreciation of the cedi to the dollar, projected inflation rate and increasing electricity and water demands have necessitated the increment. The PURC last Friday approved an 11.17% […]
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