Ace Anan Ankomah, Convener of Occupy Ghana, has declared that the fight against illegal mining, commonly known as galamsey, has been effectively lost. In a candid assessment, he emphasised that the government’s failure to take decisive action and heed multiple warnings regarding the rampant illegal mining activities has contributed significantly to this dire situation. Speaking...
Category: Business
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Voters’ Top Concerns Revealed: Economy, Jobs, and Education Take Center Stage in 2024 Elections”
Economy, jobs and education remain the top issues for voters according to the poll as 70% of the issues cited as important was the economy, followed by jobs, 62% and Education, 48%, the final field poll conducted by Global InfoAnalytics, nearly two months before December 2024 has said. The survey also states that the...
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2024 Elections: Mahama leads Bawumia with 51.1% – Global InfoAnalytics
The final field poll conducted by Global InfoAnalytics, nearly two months before December 2024 says the presidential candidate of the National Democratic Congress (NDC) John Dramani Mahama (JDM) maintains his lead in the poll with 51.1% of the votes. The vice president and the flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia (DMB)...
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Banks’ credit to private sector continued to grow – Addison
Private sector credit continued to grow during the review period to 21.7 percent in August 2024, from 10.7 percent in August 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. In real terms, private sector credit recorded a growth of 1.1 percent, relative to a 21.0 percent contraction in 2023, he...
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Ghana’s Mining License Issuance Soars
A staggering 2,800% surge in mining licenses has been recorded in Ghana over the past 8 years (2016-2024), according to the Ghana Mining Repository. The data reveals: – 1,696 mining licenses issued between 2016 and 2024 – A significant increase from the 57 licenses issued between 1995 and 2015 This dramatic rise raises questions about...
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Debt stock hits GH₵ 761.2bn as of July 2024; every Ghanaian owing GH₵22,076
Ghana’s debt stock has reached GH₵ 761.2 billion representing 75.7 percent of the country’s gross domestic product (GDP) as of July 2024. Compared to the same period last year, the debt stock was at GH₵587.7 billion representing 70.3 percent of GDP. This was contained in the latest Summary of Economic and Financial Data of the...
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Oil and gas production declines by 32% – David Ampofo
David Ampofo, the Chief Executive Officer of the Ghana Upstream Petroleum Chamber, has raised alarm regarding the declining state of the oil and gas industry, highlighting that significant potential benefits for Ghanaians are jeopardized by a troubling decrease in production over the past years. According to Ampofo, the sector has witnessed a staggering “32% decline...
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Finance Ministry clarifies ongoing efforts to settle Trafigura arrears
The Government of Ghana has reiterated its commitment to fulfilling its obligations under the Settlement Agreement with Trafigura, with the aim of resolving the matter swiftly. This reassurance follows the circulation of a letter on social media suggesting a delay by the government in executing the agreement. On September 24, Trafigura’s Ghana Power Generation Company...
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Banks told to adopt innovative approaches and flexible lending criteria to SMEs
Head of Business Banking at Access Bank (Ghana), Kafui Bimpe has highlighted the measures banks should follow to address the challenges in the partnerships between Small and Medium Scale Enterprises (SMEs) and banks. He identified common issues including stringent loan requirements, high interest rates, and a lack of tailored financial products for SMEs as some...
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NPP Offers Ghanaians Tangible Reasons to Vote- Miracles Aboagye
Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), has been endorsed by his campaign spokesperson, Dennis Miracles Aboagye, as the best candidate to address Ghana’s challenges. Aboagye stated on Facebook that the NPP is the only party that has provided clear reasons for Ghanaians to vote, citing Dr. Bawumia’s specific policy proposals...