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Suspension of 20% expenditure is a way to avoid IMF, cut borrowing as well – Franklin Cudjoe to govt

Founding President of Imani Africa, Franklin Cudjoe, has said the decision of the suspension of the 20 percent expenditure in the 2022 budget as announced by the Minister of Finance, Ken Ofori Atta, is one way of avoiding going to the International Monetary Fund (IMF). Mr Cudjoe also asked the government to reduce borrowing in addition to the suspension of the …

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Ghana Gas presents GH¢2m cheque to Apiate explosion victims

The Ghana National Gas Company has presented a cheque for GH¢2 million to the victims of the Apiate explosion. The amount is to help the victims with their needs while they recover from the explosion. Presenting the cheque to the victims at the St. Michael’s Parish Hall at Bogoso, Chief Executive Officer Dr. Ben Asante assured that the company will …

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Ameri plant transfer to Kumasi is good but don’t politicize it – Energy Analyst

Energy Analyst Kwame Juntuah has appealed to politicians not to play politics with government’s takeover of the 250-megawatt Ameri power production plant and its subsequent relocation Kumasi. According to him, the move is a country strategy to handle power generation and not an Ashanti regional strategy. He said although the move is a positive one, the media has a huge …

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Youth Employment Agency commissions Western North Regional Office

The National Youth Employment Agency(YEA) has commissioned an ultra-modern office complex in the Western North Region to facilitate its operations. The facility comes with a Job Centre, Complaint Unit, Offices and Modules Support Office, among others. Mr Justin Koduah Frimpong, the Chief Executive Officer of the YEA, commissioning the facility, commended President Nana Addo Dankwa Akufo-Addo for spearheading the creation …

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Key changes to E-levy bill as government resubmits it to Parliament

Finance Minister, Ken Ofori-Atta, has made some modifications as he prepares to take the 1.75% E-levy back to parliament for approval on 25 January 2022. Among the changes is a list of exemptions that will not be affected by the controversial new levy. The E-Levy is expected to generate an estimated amount of GH¢ 6,96 billion in 2022, GH¢7.89 billion …

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BoG directive on Ghana Card will boost banks’ confidence in customers – Analyst

A Global Investment Analyst, Mr Patrick Abankwa Baah, has said that the level of confidence banks have in their customers will increase following the directive by the Bank of Ghana (BoG) that beginning July 1 only the Ghana Card is going to be accepted as the form of identification in a financial transaction. He told Miriam Osei Agyeman on the …

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Reinstate GN bank – PPP begs Akufo-Addo

The Progressive Peoples Party (PPP) is appealing to President Akufo-Addo to intervene for the reinstatement of the license of GN Bank. According to the PPP, nothing has changed after the revocation of the licenses of a number of Ghanaian banks which includes the GN bank. “We hereby make a special appeal to the H.E. the President of the Republic to …

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African leaders must embrace entrepreneurship training for job creation – Mba

African countries need to embrace Entrepreneurship and Innovation programme to halt terrorism and save the youth from using unorthodox ways of traveling to other continents for non-existent jobs. “We are faced with the fact of passing out fresh, vibrant minds, who after National Service are subjected to the pressures of unemployment. The unemployed youth will begin to lose patience and …

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Fuel prices go up from today

Total Oil has increased the price of diesel per litre from 6 cedis 85 pesewas to 7 cedis 05 pesewas on Sunday January 16. The price of Petrol has also been increased from 6 cedis 80 pesewas to 6 cedis 99 pesewas per litre. Percentage-wise, a litre of Diesel at Total’s service stations in the country has gone up by …

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GRA suspends benchmark value reversal until further notice

The Customs Division of the Ghana Revenue Authority (GRA) has shelved its decision to implement the policy directives on the removal of the reduction of benchmark values on imports on selected items. A statement signed by Col Kwadwo Damoah (Rtd), Commissioner of the Customs Division dated January 13, 2022, said following the outcome of a meeting held on Wednesday, 12 …

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