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Energy crisis costs Blue Skies $330,000 in 2015
The fruit juice producer, Blue Skies, has already spent $330,000 in 2015 on electricity generation to keep production steady amidst Ghana’s energy crisis.
The harrowing revelation was contained in the speech of World Bank President Dr…
Ghana reduces poverty to 21.4% – World Bank
The World Bank Group says strong economic growth in Ghana within the past two decades has helped cut the poverty rate in half, from 52.6 per cent to 21.4 per cent between 1991 and 2012.
Ghana’s poverty rate in 2012 was less than half the…
Fitch assigns BB Negative to Ghana’s partially guaranteed $1b Eurobonds
Fitch Ratings has assigned a final BB Negative to Ghana’s recently issued $1 billion partially guaranteed notes.
The notes form part of Ghana's budget financing and debt management strategy for 2015, and are being used solely for…
How slowdown in China economy could affect trade in sub-Sahara Africa
Trade has been cited as one of the most efficient means of boosting economies in sub-Saharan Africa and can also be used to reduce poverty, but it appears the region hasn’t quite got a handle on using trade to boost its economies,…
Close down Saltpond Oil Field – PIAC
The Public Interest and Accountability Committee (PIAC) has reiterated that the continuous operation of the Saltpond Oil Field against the backdrop of dwindling production is not economically viable and therefore Government should consider…
Ghana ranks 78 out of 199 countries in Visa Restrictions Index
Ghana is ranked 78th out of 199 countries in the Visa Restrictions Index, a global ranking of countries based on the travel freedom enjoyed by citizens and travel destinations available without visa requirements.
The ranking which is…
Africa conference on mobile technology considers citizen involvement in collecting structured data…
A regional conference on the use of mobile technology in collecting data for statistical processes is considering the widespread use of African citizens in collecting structured data for statistical processes.
Speaking at the opening…
Ghost names on public payroll costs Ghana government GH¢300m annually
The corrupt practice of padding salaries and generating “ghost names” on the public payroll, costs Ghana about GH¢300 million annually, according to the Ghana National Anti-Corruption Action Plan (NACAP).
According to reports within the…
Bond issuances to deteriorate Ghana’s external debt rating – World Bank
Investors are worried about Ghana’s fiscal deficits, which continue to widen. Government debt is rising and the country’s debt-to-GDP ratio doesn’t look manageable - increasing to about 70 per cent, the World Bank has said in its latest…
Avoid tagging entire judiciary as corrupt – Mahama
President John Mahama tells Ghanaians to avoid tagging the entire judiciary as corrupt while trying to deal with those found culpable in the judicial scandal.
Inaugurating the new courtroom complex started by the Late President John…