POLITICS

The Bank of Ghana, after its Monetary Policy Committee meeting, has decided to raise the policy rate by 100 basis points to 14.5 per cent. The Monetary Policy Committee, last week, held its 103rd meeting, the last meeting for the year. The committee deliberated on recent global and domestic macroeconomic conditions since the September 2021 meeting, and assessed risks to ...

The Western North Regional Minister Hon. Richard Ebbah Obeng is making a total provision for support in the region to boost the “youth start up initiative”. Employment in the region keep increasing daily and more jobs are yet to come in too, he said “office of some government agencies such as Food and Drug Authority (FDA), Ghana Standards Authority among ...

The Minority in Parliament has served the strongest notice that it will not support the government in its attempt to impose a 1.75% levy on mobile money and other electronic transactions that exceed GHS100 per day. The levy, which is contained in the 2022 budget and economic policies presented by Minister of Finance, Ken Ofori-Atta to Parliament on Wednesday, forms ...

The Vice President Dr Mahamudu Bawumia has advised graduates to venture into entrepreneurship, where they can develop their own businesses to enable them to build a sound future for themselves. According to him, going into entrepreneurship will also help the graduates contribute to the development of the country. In a speech read on his behalf by a Deputy Minister of ...

The Speaker of Parliament, Alban Sumani Bagbin has reiterated the need for Parliament to exercise its oversight responsibility over government expenditure. He said this function of parliament is a crucial one that cannot be taken lightly. Speaking at the post-budget forum held at Ho in the Volta Region over the weekend, Mr. Bagbin said it not enough for Parliament to ...

A leading member of the governing New Patriotic Party (NPP), Gabby Otchere Darko, has said Ghanaians want the challenges facing the country to be addressed but are against the government’s decision to raise revenue through levies to undertake the development projects. “Ghana’s development paradox. You say you want the country fixed. Yet, you are against raising revenue to get it ...

Professor Ransford Gyampo of the Department of Political Science, University of Ghana, has decribed as “baffling” what he says are attempts by some parliamentarians, particularly from the majority group, to undermine attempts by the Speaker to restore the lost glory of Parliament as countervailing authority to the powers of the executive. He said since 1993, Parliament has been toothless and ...

The Speaker of Parliament, Alban Sumana Kingsford Bagbin has said he can remove the president, Nana Addo Dankwa Akufo-Addo from office. He said the law gives Parliament to powers to remove a president but does not give the same powers to a president to be able to remove a Speaker of Parliament. Speaking at the post-budget forum held at Ho ...

A Deputy Energy Minister, Andrew Egyapa Mercer has reiterated the NPP government’s commitment to local content and participation in Ghana’s oil and gas industry. This, according to Mr Mercer would ensure that Ghanaians have the opportunity to maximise fully from the country’s hydrocarbon resource. He made this assertion when he represented Energy Minister, Dr. Matthew Opoku Prempeh at the commissioning ...

President of the Ghana Association of Bankers, Madam Patricia Sappor, has revealed that the value of mobile money transactions for the first four months of this year totaled ¢301.1billion whiles that of cheque transactions over the same period amounted to ¢68.3bn. Madam Sappor said this when she was speaking during the 25th National Banking conference in Accra on the theme ...