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Tag Archives: Ghana

Ghana is our home -Volta NDC denounces secessionists

The National Democratic Congress (NDC) in the Volta Region has distanced itself from activities of secessionist group, Homeland Study Group Foundation (HSGF). Members of HSGF, with 85-year-old Kormi Kudzordzi also known as Papavi Hogbedetor, as leader have been advocating the independence of “Western Togoland territory” made up of parts of …

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Government borrowed GH¢4.2bn in December 2019

The Government of Ghana borrowed GH¢4.2 billion in notes and bonds in December 2019. This consists of GH¢3.2 billion 2-Year Notes, GH¢505.4 million of 3-Year bonds and GH¢478.6 million of 4-Year bonds. Some of the securities were to be rolled over while the rest were fresh funds. The yield on …

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AU confident of peaceful elections in Ghana

The African Union (AU) is optimistic Ghana will hold a peaceful and successful general election this year. While acknowledging that the contest will be intense and fierce, the AU remained “confident that Ghana will pull it off successfully since we have no doubts about the country’s credentials as far as …

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Fresh IMF report: Ghana close to high-risk debt distress

A new IMF staff report has said Ghana is closer to being classified as a high debt distressed country, theghanareport.com has learned. The possible classification means the IMF is concerned about the country’s ability to honour its international obligations. The public debt stock as at September 2019 was pegged at …

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Ghana to drop the cedi for ECO – Government

Ghana will soon swap the cedi for the new single ECOWAS common currency, the eco when trading within the ECOWAS region. “We, in Ghana, are determined to do whatever we can to enable us join the Member States of UEMOA, soon, in the use of the ECO, a statement from …

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IMF says Ghana’s inflation rate too high

The International Monetary Fund (IMF) says Ghana’s current inflation target range of 8±2% is relatively high compared to its peers in sub-Saharan Africa (SSA). This is clearly attributed to its high-interest rates on the continent. Ghana’s yield of about 14 and 15% on Treasury Bills and 24% average lending rate …

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New Ghana Premier League season to have morning fixtures

Ghanaian football fans would for the first time watch games being played in the mornings when the 2019/2020 Ghana Premier League starts. According to a release on the Ghana Football Association’s website, the 2019/2020 league season may have morning, mid-afternoon and evening fixtures depending on kick-off times agreed with television …

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Supply Ghana rice to schools or face sanctions – NAFCO

The National Buffer Stock Company (NAFCO) has asked suppliers under the Free Senior High School programme to supply Ghana rice to schools starting next year or face sanctions. It gave a signal that licensed suppliers’ failure to do so would attract sanctions, which include non-payment for services rendered and revocation …

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Ghana and China sign $42.62 million grant agreement

Ghana and China have signed a grant agreement for US$42.62 million for the implementation of economic and technical projects to be agreed on by the two sides for their mutual benefit. Finance Minister Ken Ofori-Atta, and Chinese Ambassador Mr Shi Ting Wang, initiated the deal on behalf of their respective …

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