The Al-Wa’ayul Islamie Mosque in the Madina West Zongo community held a walk to launch and create awareness for the Ummah Waqf Fund on Saturday, 12 March 2022. The walk, which was led by the Imam of the mosque, Sheikh Salman Mohammed Alhassan and the chief of the Zongo community, Chief Dada Abdulai Dagadu saw...
Category: Business
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Focus on depreciating cedi – Freedom Jacob Caesar to BoG
Real estate developer, Nana Kwame Bediako says the Central Bank should focus on the woes of Ghana’s depreciating currency. On Thursday, 10 March 2022, Nana Bediako, popularly known as Freedom, took to his Twitter page to call on the Bank of Ghana (BoG) to focus on the falling of our cedi and not his “Freedom...
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Fuel shortage looms due to rapid cedi devaluation – IES
The Institute of Energy Security (IES) has predicted that the country will experience fuel shortage in the coming days due to the recent depreciation of the Cedi. The Executive Director of IES, Nana Amoasi VII, disclosed on Accra-based Citi FM that the shortage will be influenced largely by the free fall of the cedi, and...
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Traders Advocacy Group expresses worry over Bawumia’s silence on cedi free fall
A group calling itself Traders Advocacy Group Ghana has expressed worry over the silence of the Vice President Dr Alhaji Mahamudu Bawumia on the recent free fall of the cedi. According to the group, the cedi, in less than a quarter of the year, has depreciated drastically close to 50%. “Now a business man needs...
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BoG warns against ‘Freedom coin’
The Bank of Ghana (BoG) has notified the general public about a digital and virtual currency being introduced to Ghanaians called the ‘freedom coin’. BoG said that it has come to its attention that there is an impending launch of the cryptocurrency. A statement issued by BoG on 9 March 2022 indicated that, “the public...
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Al-Wa’ayul Islamie Centre steps up socio-economic dev’t funding with a short code
The Al-Wa’ayul Islamie Centre of Madina West, as part of its efforts, to bridge the gap in its funding for socio-economic development is set to launch a shortcode. The shortcode, *790*40#,will serve as an easily accessible conduit for interested persons to register and make monthly donations pledge of GH¢10 or more on all mobile networks....
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World Bank: Ghana’s economy expected to face worst times
The Country Director for World Bank, Pierre Laporte, has said that the country started facing economic challenges before COVID-19. In its January 2022 Monetary Policy Report, the Bank of Ghana stated that the stock of public debt was equivalent to 78.4 percent of GDP at the end of 2021, up from 76.1 percent at the...
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Stonebwoy unveils TECNO CAMON 16 series
The brand ambassador of global mobile phone brand TECNO Ghana, Stonebwoy, has unveiled its new smartphone the CAMON 16 series which boasts an industry-first rear 64-megapixel quad camera and a front 48-megapixel camera to the Ghanaian market. The CAMON 16 series comes in two variants the Camon 16 Premier and the Camon 16 Pro. The...
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ADB pledges convenient banking for clients
The Agricultural Development Bank (ADB) has announced the rollout of more digital platforms to make banking more convenient and comfortable for its clients. “Our ultimate focus is to make the customer comfortable and doing business with us enjoyable and convenience,” the Managing Director of the bank, Dr Kofi Mensah told the Daily Graphic in an...
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Make allocations to Domestic Violence Fund in 2021 Budget – CSOs
A network of Civil Society Organizations (CSOs) on Access to Justice in Ghana has appealed to the Government to make provisions for the Domestic Violence Fund as it seeks input for the 2021 budget. The Coalition said since the initial seed capital of GH¢ 50,000, eleven years ago, there was no further allocation to the...