Rescuing a Bankrupt Nation— Ghana‘s current economic mess, which can arguably be likened to bankruptcy, is partly attributable to the inefficiency in the management of projects. Ghana’s track record in the implementation of tangible projects such as dams, interchanges, and schools, as well as intangible ones such as Free SHS,
Dr. Johnson Asiama, the newly appointed Governor of the Bank of Ghana (BoG), has announced his intention to pursue reforms in the central bank’s inflation targeting framework. The proposed changes aim to promote transparency and improve the effectiveness of monetary policy. While Dr. Asiama did not provide specific details about
The Chief Executive Officer (CEO) of the Ghana Shippers’ Authority (GSA), Professor Ransford Gyampo has reaffirmed the Authority’s commitment to tackle the operational challenges faced by the producers of shea butter in the Northern Region. Prof. Gyampo reiterated his commitment to expand and enhance the country’s commercial shipping industry when
Ghana is intensifying efforts to attract foreign investment in its textile and apparel industry as the Ghana Free Zones Authority (GFZA) hosted a delegation from Yintak Intex, an Asian intimate apparel manufacturer, to explore investment opportunities under the country’s Free Zones Scheme. The meeting was facilitated by the Tony Blair
Economist and finance lecturer at the University of Ghana Business School, Professor Lord Mensah, has warned against political interference in the operations of the Bank of Ghana (BoG), arguing that past executive influence weakened the central bank’s independence and contributed to Ghana’s economic difficulties. According to him, the previous administration’s
Ghanaians have heard it all before—inflation is going down, things will get better, prices will stabilize. Yet, time and time again, inflation dips for a moment, only to shoot back up, making it nearly impossible to predict the cost of goods and services. Now, there’s a new man in charge
Ghana‘s cocoa sector, a key pillar of the country’s economy, continues to face major threats from illicit smuggling activities, with authorities working tirelessly to curb the menace. In the latest crackdown, officers of the Ghana Immigration Service (GIS) stationed at the Akanu Sector Command, in collaboration with the Ghana Revenue
Just as the first president of the country, Dr. Kwame Nkrumah said that Ghana’s Independence will be meaningless unless it’s linked to the total liberation of the African Continent, renowned economist, Prof. Godfred Alufar Bokpin also says the President’s directive to the finance minister to ruthlessly cut central government expenditure
Another Massive Rejection Hits T-Bill Market — The government’s short-term instruments market continues to experience huge oversubscriptions leaving the government no choice but to reject some bids. The government in the previous auction rejected GH¢8.4 Billion worth of bids after receiving a little over GH¢ 17 billion although it planned
Ministries, Departments, and Agencies that present budgets to the Ministry of Finance for approval must brace themselves for a strong pushback as the President has granted the Minister an unfettered authority to cut government expenditure without fear or favor. Although this new directive is in line with the government’s fiscal
