Finance
IERPP Questions Ghana’s Celebration of $2.62 Billion FDI Amidst $1.7 Billion Loss in Domestic Gold Program
Accra: The Institute of Economic Research and Public Policy (IERPP) has welcomed Ghana’s reported US$2.62 billion in Foreign Direct Investment (FDI), noting it as an encouraging sign that international investors recognize opportunities within the Ghan…
Xenophobic Attacks in South Africa Pose Threat to African Economic Integration: Sam Jonah
Johannesburg: Samuel E. Jonah, businessman and Executive Chairman of Jonah Capital, has issued a warning that the recurring xenophobic attacks against African nationals in South Africa could significantly hinder efforts to enhance economic integration…
Tema Port Congestion Threatens Ghana’s Trade Competitiveness – Maxwell Commey
Tema: Chief Executive Officer of Oro Oil Ghana Limited, Maxwell Commey, has called for urgent action to address congestion, high logistics costs, and poor inland connectivity affecting Ghana’s ports, particularly the Tema Port. Commey emphasized that …
Gideon Boako Defends Bawumia’s Claim Over $80m Monthly FX Intervention Cap
Accra: Member of Parliament for Tano North, Dr Gideon Boako, has defended former Vice President Dr Mahamudu Bawumia’s claim that the previous government operated under an International Monetary Fund (IMF)-imposed monthly cap on foreign exchange (FX) i…
Colonial Wage System Responsible for Ghana’s Low Salaries – TUC
Accra: The Deputy Secretary-General of the Trades Union Congress (TUC), Dr. Kwabena Nyarko Otoo, has highlighted that Ghana’s enduring issue of low wages can be attributed to wage practices initiated during the colonial era. Speaking on Joy FM, Dr. Ot…
Debt Service in Ghana Falls Below 20% of Revenue – Finance Minister
Accra: Ghana’s debt-service burden has significantly decreased, now accounting for less than 20 percent of government revenue, which has freed up public resources for infrastructure and productive investments.
According to Ghana Web, Finance Ministe…
US$1.7 Billion GoldBod Losses Viewed as Economic Costs, Not Failures – Ayariga
Accra: Member of Parliament for Bawku Central, Mahama Ayariga, has refuted claims regarding the operations of the Ghana Gold Board (GoldBod), asserting that the reported US$1.7 billion losses should be seen as economic costs associated with efforts to…
US Oil Reserve Depletion Could Push Up Fuel Prices in Ghana – SEMPA
Accra: Sustainable Energy and Mines Projects Advocacy (SEMPA Africa) has warned that Ghana could face higher fuel prices if another major disruption hits global oil markets, following a sharp decline in the United States Strategic Petroleum Reserve. T…