Banks’ Loans To Private Sector Increase By 45% In April – Bog Report

Banks have begun easing out their stance on credit to the private sector following declining interest rates. The Bank of Ghana’s latest Banking sector report reveals that the credit allocation by banks increased from April 2016 to April 2017. Net loans and advances to the private sector by the commercial banks (which is total loans to customers, […]

Lending Rate Reduction: Banking Consultant Hails BOG’s Call

The Association of Ghana Industries and other industry players have been pushing for banks to reduce their lending rates to the relief of businesses – The central bank has added its voice to this – urging banks to duly respond with lower lending rates. The Head of Banking Supervision of the Bank of Ghana, Raymond […]

President Akufo-Addo: “Ghana Is A Land Of Opportunity For Private Capital”

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has stated that his government has put in place reforms, over the last five months, which involve fiscal responsibility and discipline, addressing corruption and unresponsive bureaucracies, focussing on the productive sectors of the economy, and improving the business environment, all aimed at attracting private investment, domestic […]

President Akufo Addo Bemoans Parliament’s Weakness In Protecting Public Purse

President Nana Akufo-Addo has bemoaned what he describes as Parliament’s weakness especially in carrying out its oversight responsibility in protecting the public purse. He is therefore advocating an amendment of the Constitution to give them extra powers to carry out their responsibilities effectively. President Akufo-Addo was speaking on the theme; “Ghana, A Rising Star of […]

“Assume Responsibility For Your Country’s Transformation” – Prez Akufo-Addo Tells African Leaders

President Akufo-Addo in a Group photograph with the Heads of State including the German Chancellor Angela Merkel. President Nana Addo Dankwa Akufo-Addo, has once again called on African leaders to move away from the mindset of aid, dependency and charity and handouts and assume responsibility for the transformation of their economies.According to President Akufo-Addo, “If […]

Ghana Receives €100m From Germany

Ghana has been named as one of the three countries in Africa to benefit from the Germany’s “Compact with Africa” Programme – a programme that will assist Ghana improve conditions for sustainable private sector investment, investment in infrastructure, economic participation, and employment in the country. This was made known by the Minister for Finance, Ken […]

Ofori-Atta: NPP Gov’t Fixing Broken Economy

The Minister of Finance Ken Ofori-Atta has given the strongest assurance that the Akufo-Addo-led government is fixing an “inherited economy with a budget deficit of 9%.” According to him, the deficit means a primary balance which was negative, which meant Ghana had to borrow to pay her debts; GH¢10 billion in interest payments each year; […]

Uber Chief Travis Kalanick To Face Charges

Uber’s chief executive could be forced to take a leave of absence under changes being considered by the firm, reports say. The company’s board met on Sunday but has not released any details on Mr Kalanick’s future yet. The board also voted on a review of its policies and corporate culture by former US Attorney […]

President Akufo-Addo Advocates For Severe Sanctions Regime For Illegal, Unregulated Fishing Vessels

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has strongly advocated for enhanced international co-operation for effective monitoring, and a severe sanctions regime to address the problem of illegal and unregulated fishing. With West Africa having one of the world’s most productive fishing grounds, which attract commercial vessels that supply the markets of Europe […]

Armyworm Invasion: Food Shortage and Price Hikes Imminent- Ashanti MOFA Director

There will be a drop in food production in Ghana due to army worm attack. Food prices are also expected to go up, Ashanti regional Director of the Ministry of Food and Agriculture (MOFA); Mr. Joseph Faalong has said. He however explains that Ghanaians are not supposed to be alarmed because the impact will not […]

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