Professor of applied economics at Johns Hopkins University in the United States, Steve Hanke, has suggested that the country’s economic outlook does not look favourable. The academic in a Twitter post on August 6 pointed to the depreciating Cedi as the reason for his claim. In his view, the country needs a currency board in […]Continue Reading

Businessman Kofi Amoah has asked Finance Minister Ken Ofori-Atta if he collapsed some nine Ghanaian-owned banks in the first term of the Akufo-Addo government because Jesus asked him to do so. Two banks, UT Bank and Capital Bank, were first taken over by GCB Bank in a purchase and assumption agreement. Seven others, the Sovereign […]Continue Reading

A former deputy Minister under the John Dramani Mahama administration is asking for the whereabout of Dr. Mahamudu Bawumia, the Vice President of the Republic who is described as the economic ‘messiah’. Felix Kwakye Ofosu’s search for Dr. Bawumia is against the backdrop of the latest economic downgrade by S&P Global Ratings, the agency has […]Continue Reading

American credit rating agency, Standard and Poor’s (S&P) Global Ratings on Friday, August 5, pushed Ghana’s debt further into speculative territory, lowering its foreign and local currency sovereign ratings to CCC+/C from B-/B. According to a report by marketwatch.com, S&P said its outlook for the country remains negative, “reflecting Continue Reading

Some rehabilitation farmhands also known as weeding labourers of the COCOBOD across the country have expressed their bitterness over the government’s failure to pay their one-year-eight months’ salary. The labourers have threatened a demonstration over the delays in having their salaries paid.  The labourers are workers engaged by the management of COCOBOD to Continue Reading

Gas tanker drivers and LPG Marketing Companies have called off their strike. The strike resulted in scarcity of gas for domestic and commercial use across the country. Apart from their poor working conditions, they also cited the ban on the construction of gas stations across the country as a major reason for their strike. They […]Continue Reading