Economy
Finance Minister projects strong economy for Ghana in 2021
The Minister of Finance, Mr Ken Ofori-Atta, has projected Ghana’s economy to rebound strongly in 2021 at 5.7 percent as a result of the implementation of the transformation phase of the Ghana CARES programme. He said the Government intended to scale down the expected 2021 Fiscal Deficit from 9.6 percent of…
Read More »Ghana heads for biggest fiscal deficit in history
The International Monetary Fund (IMF) is predicting that Ghana’s fiscal deficit will reach 16.4 per cent of GDP this year, the largest in the country’s history. The record deficit projection comes on the back of the devastating effect of the coronavirus pandemic, which caused a huge shortfall in government’s revenues…
Read More »‘Ghana Risks Losing Spot As World 2nd Largest Cocoa Producer
The President of New Juaben Corporative Cocoa Farmers Union, Mr Thomas Adjei, has said Ghana risks losing her spot as the second-largest cocoa-producing country in the world due to illegal mining. According to him, the indiscriminate sale of lands some chiefs and the unsupervised nature of illegal mining and…
Read More »Ghana responds to 10 allegations of ‘maltreatment of Nigerians’
The government of Ghana has reacted to some allegations the Federal Government of Nigeria regarding the harassment of its citizens (Nigerians) in Ghana. A statement signed the Minister of Information, Kojo Oppong Nkrumah, describes such allegations made Nigeria as inaccurate, hence, “any protests, decisions or actions based on…
Read More »Ghana’s Economy To Witness $10 Billion Boost With Revamping Of Integrated Aluminum Industry
Ghana is expected to witness a $10 billion boost in her economy with government’s plan of exploiting bauxite and aluminum reserves into the Integrated Aluminum Industry. To achieve that objective, the Management of the Ghana Integrated Aluminum Development Corporation (GIADEC), in partnership with the Volta Aluminum Company Limited (VALCO) has…
Read More »Africa’s largest energy project faces a major terrorist threat
Back in 2010, Texas-based Anadarko Corp. (now a subsidiary of Occidental Petroleum Corp.) and Italian energy giant ENI SpA announced the discovery of approximately 180 trillion cubic feet of natural gas reserves, equivalent to ~29 billion barrels of oil, in Mozambique’s supergiant offshore basin of Rovuma, immediately catapulting the south…
Read More »Business consultant dragged to court over $50,000 fraud
A business Consultant who allegedly collected $50,000 under the pretext of seeking a bank loan of $15 million for the chief executive of another company but failed, has appeared before an Accra Circuit Court. Abassa Haruna Appiah, 53, is alleged to have told his victim that he was the representative…
Read More »How former Cal Bank MD became the 5th largest shareholder of bank
Have you ever wondered how an individual with no banking blood in his veins could transform a fledgling bank in ten years? Frank Brako Adu Jnr, a native of old Tafo seems to have an innate instinct for what works – and what does not – at a bank. Both…
Read More »Meet Nana Ama, the beautiful law student who is a pig farmer
Who says beautiful ladies are only interested in beauty pageants or white-collar jobs? Well, whoever still entertains such thoughts has not yet met Nana Ama – a young and beautiful lady who took the bold step to become a pig farmer. Yes, a pig farmer; and a good one indeed.…
Read More »Coronavirus: Possible border re-opening signifies last phase of easing restrictions
Even as Nigeria plans to reopen its airports for international flights from August, 29, President Nana Addo Dankwa Akufo-Addo’s recent 15th COVID-19 update to the nation gave the strongest indication that Ghana is also contemplating the same, but will be guided how the pandemic behaves. The tentative date for…
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