Economics

Any soldier found protecting illegal miners will be dealt with - Defence Minister

Defense Minister, Dominic Nitiwul

Defence Minister, Dominic Nitiwul has ordered the Chief of Defence Staff to immediately launch investigations into reports that some military officers are providing security for illegal miners.

He said the military has not officially ordered any such acts and the culprits should be made to face the full rigours of the law if found culpable.


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Wealth of 5 richest Nigerians could end poverty - Oxfam report

Aliko Dangote

The combined wealth of Nigeria’s five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today.

The report, ‘Inequality in Nigeria,’ exposes the large and growing gap between rich and poor. It reveals how the benefits of economic growth have been captured by a wealthy elite at the expense of ordinary Nigerians.

According to Forbes the 5 richest Nigerians are: Aliko Dangote (net worth US $14.4 billion), Mike Adenuga (net worth US $9.9 billion),


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President returns from 3-nation tour

President Akufo-Addo and Vice-President Mahamudu Bawumia at the airport after the former’s arrival in Accra. Picture: Samuel Tei Adano

The Director of Communications at the Presidency, Mr Eugene Arhin, has described President Nana Addo Dankwa Akufo-Addo’s visit to Senegal, Guinea and Cape Verde as productive.

He said the visit would not only inure to the economic and bilateral benefit of Ghana but also strengthen the resolve for the attainment of the goals of the Economic Community of West African States (ECOWAS).


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Ericsson Technology In Ghana

Ericsson Press briefing

Multinational networking and telecommunications giant, Ericsson on Thursday showcased in Ghana some advanced technology it had developed to help telecom companies and others who provide Information Communication Technology services, better serve their customers.

The company in February 2017 launched the technology at the Mobile World Congress at Barcelona, Spain.

According to them, their cutting edge technology is a product of six years of researching into the changing trends within the technology sector.


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Eni launches OCTP production, Ghana

Offshore Cape Three Point

Eni has started first production from its Offshore Cape Three Points (OCTP) project, offshore Ghana.

The project, which comprises the Sankofa Main, Sankofa East and Gye-Nyame fields, about 60km off Ghana, was completed in just two and a half years, and three months ahead of schedule, according to Eni.


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Mahama jets off to India for AfDB meeting

Former President John Mahama

Former President John Mahama

Photo: 6945411054210_2598863142283.jpg
Photo: 6945411054210_2598863142283.jpg

Former President John Dramani Mahama is in Ahmedabad, India to attend the 52nd Annual Meetings of the African Development Bank (AfDB) Group, according to a statement issued by Joyce Bawah Mogtari, Special Aide to Mr Mahama.

The AfDB, which works to reduce poverty and improve the living conditions of African people, is meeting on the theme ‘Transforming Agriculture for Wealth Creation in Africa.’


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Ghana's debt stock hits GHS127 billion - BoG

Finance Minister, Ofori Atta

Latest economic and financial data released by the Central Bank puts the country's debt stock at GHS127 billion at the end of March this year.

After it met on Friday to review the health of the economy, the data showed that debt has increased from around GHS122 in December 2016 to GHS127 billion.

This represents an increase of GHS5 billion in the debt stock in three months but sources close to government indicate the increase was not as a result of fresh borrowings.


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Finance Minister sets condition for IMF programme extension

Finance Minister Ken Ofori-Atta

Finance Minister Ken Ofori-Atta says Ghana’s program with the International Monetary Funds (IMF) would only be extended if the country fails to meet all the targets by end of next year.

This is in response to reports that government is currently negotiating with the Fund to extend the program, a development that has been confirmed by World Bank country representative Henry Kerali.

Sources say the push for extension has been influenced by fears that Ghana cannot implement all the needed reforms by April 2018.

World Bank country representative Henry Kerali


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We’re working hard to uplift Ghana’s fortunes – Nana Addo

President Nana Akufo Addo

The path to returning Ghana onto the path of progress and prosperity, he indicated, is being pivoted by the revival of the Ghanaian economy.

With the majority of jobs in Ghana created by the private sector, the President indicated that “if the private sector does not have the strength to be able to operate and grow, it becomes difficult to create jobs. So our attitude has been that, let us do whatever we can to strengthen the private sector in Ghana to work and create jobs, especially for our young people in Ghana.”


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