Sunday, December 22, 2024

Finance

“Parliament Adjourns to January 2 Without Approving Expenditure in Advance of Appropriation”

Parliament has adjourned its seventh meeting of the fourth session of the Eighth Parliament to January 2, 2025, without approving the GH₵68.13 million Expenditure in Advance of Appropriation meant to cover public sector salaries for January to March 2025. Speaker...

“GNAT Urges Next Administration to Dedicate Funds to Support Pre-Tertiary Education”

The Ghana National Association of Teachers (GNAT) is pushing for the state to urgently set up a system of dedicated funding for senior high, junior high and basic schools, also known as pre-tertiary education.  The largest pre-tertiary grouping of teachers...

“COCOBOD’s Struggles Amid High Cocoa Prices Due to Weak Harvests – IMF.”

The International Monetary Fund (IMF) has flagged 2024 as a particularly challenging financial year for Ghana Cocoa Board (COCOBOD) despite some gains recorded in 2023. According to the Bretton Woods institution, COCOBOD has struggled to capitalize on record-high global cocoa...

Menzgold Customers in Crisis Turn to Mahama for Help.

Customers of the collapsed MenzGold Ghana Limited have urged the incoming administration of President-elect John Dramani Mahama to provide immediate financial relief to address their pressing challenges. MenzGold, once a prominent player in Ghana’s financial sector, shut down amid allegations...

Ghana’s Economic Recovery Faces Risks, IMF Warns Amid Stabilization Efforts.

The International Monetary Fund (IMF) has completed the third review of Ghana's $3 billion Extended Credit Facility (ECF) programme, highlighting significant risks that could derail the country’s economic recovery despite recent progress. While Ghana’s performance under the programme was deemed...

Regulatory Delays and Market Pressures Lead Atlantic Lithium to Slash Jobs.

Atlantic Lithium Limited has embarked on some significant employee headcount slash, citing delays in the ratification of its Ewoyaa Mining Lease and declining lithium prices. This move it noted was necessary as the company reallocates resources to critical activities to...

“Parliamentary Dispute Delays Ghana’s Access to $300 Million World Bank Loan.”

The government has admitted that the parliamentary impasse has stalled the disbursement of $300 million in World Bank funding for Ghana. This amount is part of a larger financial support package from the World Bank aimed at stabilising the economy,...

“IMF Approves $360 Million in Loan for Ghana”

The International Monetary Fund (IMF) Executive Board has approved the third review of Ghana's 36-month Extended Credit Facility (ECF), paving the way for an immediate disbursement of approximately $360 million. In a statement released on December 2, the IMF lauded...

“Hackers, Allegedly with Insider Help, Steal $16 Million from Ugandan Central Bank”.

Uganda’s central bank has fallen victim to a massive cyber theft, with hackers reportedly siphoning off 62 billion Ugandan shillings ($16.8 million).  Authorities suspect insider collusion in the high-profile breach, which has raised serious concerns about the nation’s banking security...

We awarded scholarships to all special needs students in 2023 – GETFund.

The Ghana Education Trust Fund (GETFund) has announced that it awarded scholarships to all special needs students who applied for financial support in tertiary institutions in 2023. The issue of scholarships for persons with disabilities (PWDs) has gained significant attention...
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Latest News

“Parliament Adjourns to January 2 Without Approving Expenditure in Advance of Appropriation”

Parliament has adjourned its seventh meeting of the fourth session of the Eighth Parliament to January 2, 2025, without...
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