BUSINESS

Understanding structural problems key in addressing economic challenges – Lord Mensah

A Professor at the University of Ghana Business School (UGBS), Lord Mensah has said there is the need for policymakers to understand the structural challenges in the country as a way of addressing the economic problems. For instance, he said regarding agricultural sector that, the two most common foods Ghanaians consumed are maize and rice. He asked whether these are ...

Read More »

Going to IMF is scandalous – GUTA

The Ghana Union Traders Association (GUTA) has called on the government to pay critical attention to value for money on contracts it awards and also avoid scandalous expenditure if it really wants to come out from its economic quagmire. President of GUTA, Dr. Joseph Obeng bemoaned how the state pays double or three times the amount paid by private entities ...

Read More »

Where Ghana finds itself currently, an IMF programme will help faster recovery – John Kumah

A Deputy Minister of Finance, Mr John Kumah has said an International Monetary Fund (IMF) programme will help the country to come out from the economic challenges faster. He said the government hopes that the programme will benefit the country. “Our objective as government is to restore confidence in the economy and rebound it from the difficulty, from the challenges, not only in ...

Read More »

Going to IMF means govt’s programmes aren’t potent to tackle the challenges – Gatsi

The Dean of the Business School at the University of Cape Coast, Professor John Gatsi has said that the decision to return to the International Monetary Fund (IMF) is an indication that the programmes and measures outlined by the government to deal with the economic challenges are not strong enough. It also means that the management of the economy has been difficult ...

Read More »

Ofori-Atta falls on own ‘sword’ as Ghana makes U-Turn to IMF?

Ghana is heading to the International Monetary Fund (IMF) for support despite repeated assurances given by the Finance Minister Ken Ofori-Atta that the country would not return to the Bretton Woods institution. On Friday July 1, the Ministry of Information announced in a statement that President Nana Addo Dankwa Akufo-Addo has instructed Mr Ofori-Atta to commence formal engagements with the IMF, inviting the Fund to support an ...

Read More »

Agric Ministry support organic compost production

Farmers have appealed to the Ministry of Agriculture to support farmers with subsidy to purchase organic fertilizer in order to meet the demand for fertilizer in the country. Fertilizer prices have risen nearly 30 percent since the start of 2022, following last year’s 80 percent surge according to the World Bank. Concerns about fertilizer affordability and availability have been amplified ...

Read More »

Akufo-Addo instructs Ofori-Atta to start formal engagements with IMF

President Nana Addo Dankwa Akufo-Addo has instructed his Finance Minister Ken Ofori-Atta to commence formal engagements with the International Monetary Fund (IMF) inviting the Fund to support an economic programme put together by the Government of Ghana. This follows a telephone conversation between the President and the IMF Managing Director, Miss Kristalina Georgieva, conveying Ghana’s decision to engage with the Fund. The Ministry of Information announced ...

Read More »

Ghana’s Abanga Farms and Namibia’s Meatco in big partnership

Abanga Farms & Food Systems Limited, a Ghanaian agricultural-based company, has taken delivery of the first consignment of top-quality beef from MEATCO, the Namibian meat producing and exporting company to distribute in Ghana. It is the first of its kind between the SADC and ECOWAS regions. At a ceremony on Wednesday, June 29 2022 at the Tema Harbour, the Chief ...

Read More »