Economy & Investments

President Mahama: Imf Loan Useful To Bolster Economy

Tuesday, November 25, 2014 President John Mahama said a fiscal injection from the International Monetary Fund will be useful to bolster the economy, giving the first indication the government may seek a loan from the lender. Speaking in an interview in New York yesterday, Mahama,said he expects to sign a three-year progr ...

Ghana is HIPC again - ISSER Economist confirms

Monday, November 24, 2014 With a 60.8 per cent debt to GDP ratio Ghana has returned to the Highly Indebted Poor Country HIPC regime, an Economist with the University of Ghana and theInstitute of Statistical Social and Economic Research has said. Prof Peter Quartey said any rate above 60 per cent automatically ...

2015 budget will sink the economy further - Bawumia

Sunday, November 23, 2014 The 2015 budget as presented to Parliament last week by Finance Minister Seth Terkper demonstrates clearly government has no clue how get out of the fiscal mess it plunged the economy. This is the verdict of Dr. Mahamudu Bawumia, 2016 Vice Presidential Candidate of the NPP on the governments fi ...

2015 Budget Would Stabilise Ghana’s Economy

Thursday, November 20, 2014 A deputy Finance Minister, Mona Quartey, has responded to criticisms that the 2015 budget is unrealistic and makes very little provision for growth.In the 2015 Budget presented to Parliament Wednesday, by the Finance Minister Seth Terkper, government is hoping to raise about Gh44 million ...

Implement Sound Economic Policies - Duffuor

Tuesday, November 18, 2014 Dr Kwabena Duffuor A former Minister of Finance Economic Planning, Dr Kwabena Duffuor, has called on government to put sound economic management measures in place to save the country from disgrace. Speaking at the launch of the Institute of Fiscal Studies IFS, a non-governmental research o ...

ANGLOGOLD MASSIVE RETRENCHMENT MAY HAVE DIRE CONSEQUENCE ON ECONOMY.

Tuesday, November 18, 2014 Ghanas largest miner for more than 10 years, Anglo gold Ashanti recent massive retrenchment may have dire consequence on the economy.The company retained about 6,000 workforces by mid November. The effect first of all on the people of Obuasi may be devastating. 600 is the number retained from t ...

Amissah-Arthur Meets India's Veep On Ghana's Economy

Monday, November 10, 2014 THE Vice-President of India, Mr. Mohammad Hamid Ansari on Wednesday held talks with his Ghanaian counterpart Mr. Kwesi Bekoe Amissah-Arthur in New Delhi and reaffirmed Indias commitment towards supporting Ghanas democratic processes and economic development.According to him, India was ...

Economic growth relies on locally made goods - Spio-Gabrah

Saturday, November 08, 2014 Dr Ekwow Spio-Gabrah, Minister of Trade and Industry MOTI, has said Ghanas economic growth would rely much on the attention and importance Ghanaians attach to the consumption of locally made goods and services. He said the patronization of locally made goods and services by citizens would not ...

Banks record outstanding profits ....despite harsh economic conditions

Tuesday, November 04, 2014 Banks in Ghana are on course to achieving another record for the 2014 fiscal year following impressive third quarter results. This is not very surprising because of the high interest regime in Ghana though good for banks but unfavorable to the Ghanaian economy. With only two months more to e ...

We can't fix economy in 2 years - Mahama

Monday, October 27, 2014 President John Dramani Mahama has disclosed that the economic transformation agenda of his government cannot be achieved within two years, stressing that, any actions with regard to IMF negotiations will go beyond the election cycle. The transformation agenda cannot be achieved in two years, an ...

Ghana's economy grew by 5.3%

Thursday, October 16, 2014 Ghanas economy grew by 5.3 in the second quarter of 2014 compared to the 10.8 recorded in the second quarter of 2013. Theacting Government Statistician, Dr Philomena Nyarko, has projected the economy to grow at 6.9 per cent in 2014, which is below the governments target of eight per cent se ...

IMF boss optimistic bailout programme will stabilise Ghana's economy

Monday, October 13, 2014 Managing Director of the International Monetary Fund IMF, Christian Lagarde, says a Fund programme will stabilise Ghanas troubled economy. Ghana is facing a challenging situation and we are going to continue the discussions with the Ghanaian authorities to see what will -- on the f ...

IMF To Penalise Ghana -For Massaging Economic Figures

Monday, October 13, 2014 The recent discovery ofsupposed massaged economicfigures by the InternationalMonetary FundIMF could lead to sanctionsagainst the Government ofGhana. A similar incident was said to haveoccurred in 2000 earning governmentsome punishment in 2001. Economic analysts have hintedthat the ...
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