Business

President John Dramani Mahama has launched the Adwumawura Programme, a flagship initiative aimed at addressing youth unemployment and fostering entrepreneurship in Ghana. The launching took place in Kumasi bringing together government officials, community leaders and the youth at the Prempeh Hall. The Adwumawura Programme is made to create, mentor, and …

By Mensah Maxwell Falling Treasury Bill (T-Bill) Rates & Government Strategy Declining Yields: Ghana’s T-Bill rates have been dropping, reducing government borrowing costs but squeezing investor returns. Rejection of High-Yield Bids: Over six auctions, the government rejected GHS 24 billion in bids to enforce lower interest rates, signalling a deliberate …

Story by: NAA ANYEMA COLLISON IFS Warns Against Reckless Borrowing, Urges Self-Reliance in Economic RecoveryThe Institute for Fiscal Studies (IFS) in its latest address to the media has cautioned the Mahama led administration against a hasty return to the international bond market, emphasizing the risks of excessive borrowing. Since 2000 …

Ghana has received 500 metric tonnes of cereals from the ECOWAS Regional Food Security Reserve to help its national response strategy following a drought that affected major grain supply areas. The delivery of maize, sorghum, millet, and rice aims to increase the resilience of populations facing food insecurity. Mr. Charles Ndiaye, the Acting …

Prices of vegetables at some major markets in the Nabdam District of the Upper East Region have witnessed a significant drop within one month. A market survey conducted by the Ghana News Agency at the Zanlerigu, Pelungu, and Kongo markets in the district revealed that prices of vegetables such as …

The Ministry of Finance has debunked claims suggesting that the government is engaging in debt restructuring with private banks and local contractors. This follows publications that the government is engaging in debt restructuring with private banks and local contractors. The MoF in a statement on Monday noted, “The Ministry wishes to …

Source: Citi Business News Some commercial banks have begun reintroducing charges on foreign exchange accounts after they suspended these fees under regulatory pressure.  A few banks have already communicated the decision via text message and email informing clients that the new charges have been effected. The fees will vary based …

Claim: Dr Mahamudu Bawumia, the 2024 flagbearer of Ghana’s governing New Patriotic Party (NPP), says industrial growth in the country had collapsed due to erratic power supply at the end of 2016. Verdict: Misleading. Data reviewed by DUBAWA showed that Ghana’s industrial subsector grew by 4.3% in 2016, representing a 3.2% growth rate …

The Bank of Ghana has responded to concerns raised by Samuel Okudzeto Ablakwa regarding a $20 million transfer, which the Member of Parliament claimed lacked consistent documentation. In a statement issued on Wednesday, August 28, the central bank criticised the legislator for his allegations, noting that the funds were intended …

Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Dr. Edwin Alfred Provencal, has said it is important that Dr. Mahamudu Bawumia is voted into power in the upcoming elections. According to him, if Ghanaians fail to vote for Dr. Bawumia, the country will retrogress. “Let’s not …