Business Archives - Page 28 of 39

January 18, 2024January 18, 2024

$600m IMF Cash Will Be Advanced Towards Budget Support – Ofori-Atta

The Minister of Finance, Ken Ofori-Atta, has revealed that the $600 million second tranche International Monetary Fund (IMF) bailout package expected next week would be used for some programmes in the 2024 Budget. The Executive Board of the IMF is hoping

January 18, 2024January 18, 2024

Disregard 20% Hike In Transport Fares – Ministry

The Ministry of Transport has asked the public to disregard reports of a purported transport fare increment nationwide. The Ghana Private Road and Transport Union (GPRTU) on Wednesday announced a 20% increment in transport fares effective 24th January, 2024. The union explained the

January 18, 2024January 18, 2024

Levy On Secondhand Clothing Mooted

As the country grapples with a severe environmental crisis due to the hazardous consequences of secondhand clothing waste, a levy has been proposed to better manage the situation. Across every part of the country, once-vibrant landscapes and communities are now under

January 17, 2024January 17, 2024

Ghana’s Economic Programme Is Beginning To Bear Fruit – IMF Boss

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has stated that Ghana's economic policies under its programme are beginning to yield the desired outcomes. She emphasised that the policy and reform commitments outlined in Ghana's deal with the

January 17, 2024January 17, 2024

Integrated Business Establishment Survey Launched

The Ghana 2024 Integrated Business Establishment Survey (IBES) has officially been launched in Takoradi, in the Western Region. The survey is being implemented by the Ghana Statistical Service (GSS) in partnership with the Ministry of Trade and Industry, the Association of

January 16, 2024January 16, 2024

Jospong Chairman Sets Tone for Innovation and Excellence at JLC 2024

Dr. Joseph Siaw Agyepong, the Executive Chairman of the Jospong Group of Companies, has opened the 11th edition of the Jospong Leadership Conference at the Pentecost Convention Centre at Gomoah Fetteh. The event, which took place on Monday January 15, 2024,

January 16, 2024January 16, 2024

Government To Spend GH¢119.62bn On Compensation And Interest Payments In 2024

The government will spend about GH¢119.621 billion on Wages and Salaries as well as Interest Payments in 2024. According to the 2024 Citizens Budget by the Finance Ministry, this will represent 52.7% of the expected total expenditure of about GH¢226.68 billion.

January 16, 2024January 16, 2024

Nearly 40% Of Global Employment Could Be Disrupted by AI, IMF says

Almost 40% of jobs around the world could be affected by the rise of artificial intelligence (AI), a trend that is likely to deepen inequality, according to the International Monetary Fund (IMF). In a Sunday blog post, IMF chief Kristalina Georgieva called for

January 13, 2024January 13, 2024

Ghana Gets Debt-Relief Terms, Enough For IMF’s US$600 Million

Ghana has received a draft term sheet on debt relief from its official creditors that is sufficient for the International Monetary Fund to disburse US$600 million to the country, Finance Minister Ken Ofori-Atta said. The term sheet from the Paris Club

January 13, 2024January 13, 2024

“We Have A Serious Problem If $19m Can Cause Load Shedding” – Jinapor

A Ranking Member on Parliament’s Mines and Energy Committee, John Abdulai Jinapor, has taken on the government over the recent power outages being experienced in parts of the country. Parts of Accra in particular have been experiencing erratic power cuts for