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Parliament approves $710 million loan agreements for specific projects
  • Business

Parliament approves $710 million loan agreements for specific projects

In an emergency sitting, Parliament has approved a total of $710 million for 7 loan agreements. The facilities include COVID-19 Emergency Preparedness and Response Project, West Africa Food Systems Resilience Programme, establishment of Development Bank of Ghana, Medical Equipment Provision Project in response to Covid-19, Primary Healthcare Investment Project, Public Financial Management for Service Delivery

May 4, 2023

Robbers Invade Suame Magazine industrial area
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Robbers Invade Suame Magazine industrial area: Artisans raise concerns

A gang of eight armed men with AK47 rifles have robbed several shops in parts of Suame Magazine industrial area near Garages Office in the Ashanti Region. Speaking on Akoma FM’S Me Mpotemu ‘Keteke’ with Aduanaba Kofi Asante Ennin at Suame Magazine, some artisans expressed concern about the situation. Akoma FM’s Me Mpotemu ‘Keteke’ stopover

May 3, 2023

Government abandons Saglemi Housing project, leaving workers homeless
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Government abandons Saglemi Housing project, leaving workers homeless

Organised Labour has urged the government to reconsider its decision to abandon the Saglemi Housing project and instead offer it to workers who are in need of affordable housing. The project was started in 2012 under the NDC government with the aim of constructing 5000 housing units. However, due to alleged misappropriation of funds, the

May 3, 2023

Founder of defunct Capital Bank faces jail time for non payment
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Founder of Defunct Capital Bank faces jail time for non-payment

Ghanaian businessman William Ato Essien is liable for custodial sentence after failing to make payments as part of his GH¢90m restitution deal William Ato Essien, founder of the defunct Capital Bank, is facing imprisonment after failing to make payments as part of his GH¢90 million restitution deal with the State. According to the State, Ato

May 2, 2023

Ghana’s President announces benefits of IMF Staff Level Agreement and key structural reforms
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Ghana’s President announces benefits of IMF Staff Level Agreement and key structural reforms

Ghana’s President Nana Addo Dankwa Akufo-Addo has announced that the International Monetary Fund (IMF) Staff Level Agreement, the debt exchange programme, and the implementation of key structural reforms are yielding benefits. Ghana’s President Nana Addo Dankwa Akufo-Addo announced on May 1 that the International Monetary Fund (IMF) Staff Level Agreement, the debt exchange programme, and

May 2, 2023

Ghana’s economy to slow down in 2023 due to rising prices and monetary tightening
  • Business

Ghana’s economy to slow down in 2023 due to rising prices and monetary tightening

The Economist Intelligence Unit predicts a 1.3% expansion of Ghana’s economy in 2023, below the projections by the World Bank and the International Monetary Fund. The report cites rising prices and monetary tightening as the main reasons for the slowdown. Ghana’s economy will slow significantly in 2023, as the Economist Intelligence Unit is forecasting a

May 2, 2023