Business Archives - Page 57 of 59

November 15, 2023November 15, 2023

The Cedi Stabilized Against The Dollar Early 2023 – Ofori-Atta

The Finance Minister, Ken Ofori-Atta is currently reading the 2024 budget in Parliament. Hon. Ofori Atta said "in the past 7 years, we have invested GH¢541.5m in 169 1D1F enterprises to scale up value-addition and provided 140,000 additional jobs". He stated

November 15, 2023November 15, 2023

Govt Increases Minimum Wage To GHS18.15

The government has announced an increment in the minimum wage from GHS14.88 to GHS18.15 Similarly, the government granted a 23 percent salary increment to public sector workers for the year 2024. This was announced by the Minister for Employment and Labour Relations Ignatious Baffuor-Awuah in Acra on Tuesday,

November 15, 2023November 15, 2023

NHIS Initiates Open Policy On Claims Payment

The National Health Insurance Authority (NHIA) has initiated yet another novel policy to the tall list of innovations, in their quest to update stakeholders in the health delivery sector. The Authority introduced a digital payment system that allows service providers to

November 14, 2023November 14, 2023

COCOBOD Assures Stakeholders Of $800m Syndicated Loan

The Ghana Cocoa Board (COCOBOD) has assured its stakeholders of the company’s readiness to continue to secure an US$800 million syndicated loan to fund cocoa purchases for the 2023/24 crop season. A release issued by the Public Affairs Department of COCOBOD

November 13, 2023November 13, 2023

Ghana Not Missed Out On 2nd IMF Cash – Finance Ministry

Ghana has not missed out on the second tranche disbursement of a $600 million loan from the International Monetary Fund (IMF), according to Ghana’s Ministry of Finance. Reports had suggested that Ghana had missed a November 1 deadline. However, the ministry

November 13, 2023November 13, 2023

CSO Coalition Kicks Against Mining In Forest Reserves

A coalition of civil society organisations (CSOs) on environmental terrain has made an urgent call for government to revoke Legislative Instrument (L.I. 2462) – a law that they say allows unrestricted mining in the country’s forest reserves. While describing the L.I.

November 13, 2023November 13, 2023

Gov’t, AfDB Sign US$102.59m Budget Support Grant

The Ministry of Finance has sealed a US$102.59million African Development Bank (AfDB) budget support grant as part of government’s Fiscal Consolidation and Economic Recovery Programme (FISCERP). The grant, which falls under the AfDB’s ADF-16 funding cycle, aims to fortify Ghana’s economic

November 13, 2023November 13, 2023

2024 Budget Must Be Water-Tight – Analysts Warn

There is no room for the impending 2024 budget to fail in firming-up efforts toward consolidating macroeconomic gains and ensuring fiscal responsibility, market analysts have warned. Although macroeconomic conditions have improved, there is general agreement that the economy is still at

November 11, 2023November 11, 2023

Bawumia Sells Ghana To Czech Business Gurus

The Vice President, Dr. Mahamudu Bawumia, has emphasized the potential of Ghana as a favorable destination for trade and investment during a meeting with a Czech business delegation. The delegation, led by Prime Minister Peter Fiala of the Czech Republic, is

November 10, 2023November 10, 2023

NPA Starts Bitumen Regulation In January 2024

The National Petroleum Authority (NPA) is set to commence the regulation of the importation, storage, processing and marketing of bitumen in the country effective January 2024. The new regulatory framework, which will have inputs from the Ghana Standards Authority (GSA), the