Browsing: Economy and Finance

Implement a 24-hour economy strategy with three (3) shifts of eight (8) hours each to; maximize productivity and efficiency;

the Bank of Ghana Governor, Dr. Ernest Addison, while acknowledging the challenges ahead, expressed confidence in the ongoing economic recovery process.

The Unit indicated that, these creditors are likely to demand distinct and intricate restructuring terms compared to bilateral creditors.

Fitch also anticipate same for Zambia due to gradual fiscal consolidation in these nations, attributing it to financing constraints and ongoing fiscal reform efforts, often linked to International Monetary Fund (IMF) programs.

Gold Fields in 2022 announced joint ventures with AngloGold Ashanti in Ghana and another with Osisko Metals in Canada. 

GUTA contends that instead of the minister taking proactive measures and implementing policies to reduce business costs at entry points like ports, he has rather resorted to making contentious remarks on the streets about traders.

The directive, the ministry said is in line with Sections 35 and 37 and the First Schedule (9) of Act 870 and aligns with the relevant sections of the Value Added Tax Act of 2013 and is part of the Government’s Medium-Term Revenue Strategy and the IMF-Supported Post-COVID-19 Programme for Economic Growth (PC-PEG).

The Central Bank claimed that, the sustained reduction in inflation since August 2023 can be credited to the proactive efforts and measures it took to address hyper inflationary and restore macro-economic stability. 

Ghanaian rice farmer struggling with storage

The flagbearer of the National Democratic Congress (NDC) made the commitment after he accused the current NPP-led administration for recklessly damaging Ghana’s economy that has brought untold hardship to the people.