Home / Lead Story (page 10)

Lead Story

AfDB gives Ghana $69m grant for COVID-19

The Board of Directors of the African Development Fund (ADF) on Friday approved a $69 million grant to support Ghana’s efforts to tackle the COVID-19 pandemic and mitigate its socio-economic impact on the nation. The grant from the ADF, the concessional arm of the African Development Bank, would provide fiscal …

Read More »

Ghana’s total public debt balloons to over GH¢218b

Ghana’s public debt burden is ballooning. As at end-December 2019, the total gross public debt stock stood at GH¢217,990.7 million. This was made of GH¢112,509.4 million and GH¢105,481.2 million for external and domestic debt respectively, the Minister of Finance has reported. However, Ken Ofori-Atta on Thursday said the government has …

Read More »

Ghana revises 2020 growth to 0.9% due to COVID-19

The Government has revised its growth target downwards to 0.9 percent for 2020 from the projected 6.8 percent due to the negative impact of the novel Coronavirus, the Minister of Finance Mr Ken Ofori-Atta has announced. Presenting the mid-year budget review to Parliament, Mr Ofori-Atta said the revision of the …

Read More »

IFC invests $5.6b to support private sector development in Africa

The International Finance Corporation (IFC), a member of the World Bank Group, has committed $5.6 billion to private sector development in the Middle East and sub-Saharan Africa in the fiscal year 2020. The support is to aid businesses across the two regions to launch, grow, provide jobs and fight the …

Read More »

Capture the $1.4b debt you owe us in mid-year budget – CIPDiB tells Ghana government

The Chamber of Independent Power Producers and Bulk Consumers [CIPDIB] is demanding the Government to factor the payment of the about $1.4 billion debt owed them in the 2020 mid-year budget. The CIPDiB is expecting that the budget would address how the government intends to pay all the debts it owed …

Read More »

Ghana government spends $35m on COVID-19 testing – Minister

The Government of Ghana has so far spent $35 million on testing 346,990 COVID-19 suspected cases. The amount is not part of the expenditure on the expansion of testing capacity. Dr Bernard Oko Boye, Deputy Minister of Health who represented the Minister of Health, made the revelation when he updated …

Read More »

US officials seek to seize $3.5m property belonging to Yahya Jammeh over corruption

The United States Department of Justice is seeking to seize a $3.5 million property in Maryland owned by former president of The Gambia, Yahya Jammeh, over its link with corruption. The Department says in a press release issued July 15, 2020 that it has filed a civil forfeiture complaint seeking …

Read More »

Four months after first cases Ghana COVID-19 infections exceed 27,000

Dr Da Costa Aboagye, the Director of Health Promotion of the Ghana Health Service, on Sunday called on Ghanaians to strictly adhere to the COVID-19 safety protocols to help overcome the virus. He noted that the country’s COVID-19 recovery rate of about 85 per cent was encouraging and said if …

Read More »

Ghana Parliament approves more than $2m tax waiver on inputs under 1D1F programme

  Parliament has approved a total of $2.068 million tax waiver on machinery, equipment and raw materials to be procured by three companies under the One District One Factory (1D1F) Programme of the Government. The companies are Accum Energy Ghana Limited, Vester Oil Mills Limited and Ada Premium Diaper Care …

Read More »

Promoting safe pregnancy outcomes in the midst of malaria and COVID-19    

Along the Nungua-Adogono road in the Greater Accra region is the LEKMA Polyclinic strategically positioned to serve various communities and individuals living within Nungua and other surrounding communities such as Spintex and Sakumono. This health facility is not too far from the main Nungua market and the newly built transport …

Read More »