Economics Professor at the Johns Hopkins University, Steve Hanke has described the plan to buy crude oil with gold by the government of Ghana as bogus. He says the Vice President, who made this announcement is grasping for straw regarding this move. In a tweet, Prof Hanke said “VP of Ghana Mahamudu Bawumia unveiled a

Ghanaians have been assured of reliable power supply as the Football World Cup reaches an important point for the country. Chief Executive of the Ghana Grid Company GRIDCo Ing. Ebenezer Essienyi made this known during a working visit at the company by a delegation from the Public Utilities Regulatory Commission(PURC) led by the Executive Secretary,

The banking sector recorded strong asset growth and improved profitability but there are strong signs of emerging spillover effects from the recent macroeconomic challenges, Governor of the Bank of Ghana, Dr Ernest Addison has said. He stated that total assets of the banking industry amounted to GH¢249.9 billion (an annual growth of 43.7 percent) at

The Governor of the Bank of Ghana Dr Ernest Addison has said stakeholders were consulted on the decision to withdraw FX support for some imported goods. Addressing the Monetary Policy Committee press conference in Accra on Monday, he stated that the decision to withdraw the support was first announced by President Nana Addo Dankwa Akufo-Addo

Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said the negotiations with the International Monetary Fund(IMF) is likely to give Ghana $3billion over a 3-year period. He said this while answering questions at the Monetary Policy Committee (MPC) press conference in Accra on Monday November 28. Ghana is currently seeking a programme

The Speaker of Parliament Alban Bagbin has told Members of Parliament to work together regarding the debate and approval of the 2023 budget statement in the interest of the nation. Speaking at a post budget workshop on Saturday November 26, the Speaker said he was sure lawmakers on both sides would be able to tell

An Economist and Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said excessive borrowing from the Bank of Ghana (BoG) by government is undermining the local currency, the Cedi. He stated in a tweet that the way to stabilise the Cedi against the major trading currencies is to “stop

The Trades Union Congress (TUC) is disappointed in the decision by the government to freeze employment into the public sector as announced in the 2023 budget statement. Deputy Secretary General of the TUC Joshua Ansah told TV3’s Daniel Opoku in an interview on Friday November 25 that due to the rising unemployment situation in the