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President Akufo-Addo Directs Finance Minister To Engage IMF For Economic Support

President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for economic support, MyGhanaMedia.com can authoritatively confirm. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicated that there had already been a conversation between the …

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Why Must Africa Go Hungry And Depend On Imports For Survival? – Eugene Osei-Tutu Writes

According to Luc Christiaensen, a lead Agriculture Economist with the World Bank, Africa’s food import bill has more than tripled, reaching about US$35 billion a year. Perusing the article further, one notices that much of this imported food could be produced locally, creating much-needed jobs for the bulge population of …

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Don’t Link Your Ghana Card To Your Bank Account Via Social Media Link – BoG Warns Public

The Head of Financial Stability at the Bank of Ghana, Dr. Joseph France, has warned the general public against linking their Ghana cards to their bank accounts through links sent via social media. According to him, no bank has put it out there that clients can link their Ghana cards …

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E-levy Will Not Be Charged On Registered Mobile Money Merchant SIMs – GRA Clarifies

The Ghana Revenue Authority (GRA) has written to clarify misleading reports on social media which claim that starting July 1, merchant SIMs will be charged the E-levy. According to the GRA, per the legal framework governing the operation of the e-levy – Electronic Transfer Levy Act, 2022 (Act 1075) – …

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GACL Obtained PPA’s Approval Before Frontiers Healthcare Contract – Transport Minister

Transport Minister, Kwaku Ofori Asiamah has told Parliament that the Ghana Airports Company Limited (GACL) did not breach the Public Procurement Authority (PPA) laws in the award of a contract to Frontiers Healthcare Services Limited to test for Covid-19 at the Kotoka International Airport. Under the agreement, Frontier Healthcare Services …

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PURC : Announcement Of New Utility Tariffs Moved To July 15

The Public Utilities Regulatory Commission (PURC) says the date for announcing the new utility tariffs has been moved from July 1 to July 15, 2022. “This was necessitated as a result of the broadening of the tariff consultation process to solicit for more independent views; ensure independent verification of submitted …

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Ghana Ranked 2nd In World Bank Open Budget Survey

Ghana has been ranked 2nd in Sub-Saharan Africa by the World Bank in an Open Budget Survey.     The country’s score of 53% follows South Africa which is ranked first in the region with a score of 85%. The World Bank in its World Development Report said Ghana was …

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Fraudsters Taking Undue Advantage Of Calls To Link Ghana Card With Bank Accounts – EOCO Cautions

The Economic and Organized Crime Office (EOCO) has warned that fraudsters are taking undue advantage of the exercise to link the Ghana Card to bank accounts. EOCO said these fraudsters send messages to suspecting customers demanding their bank account details, Mobile App PIN and Mobile numbers. A statement by EOCO …

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Report: Africa’s Internet Economy To Cross $180 Billion By 2025

Africa’s Internet economy has the potential to reach 5.2% of the continent’s gross domestic product (GDP) by 2025, contributing nearly $180 billion to its economy, according to a report from Google and the International Finance Corporation (IFC). The report titled e-Conomy Africa 2020, pointed out that the internet economy in …

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