Ghana has said it will seek financial aid from the International Monetary Fund (IMF) to help strengthen the West African nation's currency. This follows a telephone conversation between the President and the IMF Managing Director, Miss Kristalina Georgieva, conveying Ghana’s decision to engage with the Fund. The Ministry of Information announced this in a statement on Friday July 2022 in statement The Ghanaian President Nana Addo Dankwa Akufo-Addo has instructed his Finance Minister Ken Ofori-Atta to commence
The legal practitioner, Lawyer Kwame Adofo exposes America's dream to be the downfall of Russia but it has failed to come to pass. According to Lawyer Kwame Adofo, the hardship in the economy is as a result of self-infliction which was not created by the Ghanaians but rather the Americans.
The staunch NPP member, barrister, and owner of Asaase Radio, Gabby Otchere-Darko in a tweet this morning hints that the country will soon have to run to IMF. He subtly informs Ghanaians the need to look at the IMF as the next option since he revealed how the E-Levy which was supposed to have been a saviour in times like this has only yieded 10% out of the 100% expected revenue estimated by the government.
Currently, there is this viral picture circulating on social media and the motive behind the circulation is something every Ghanaian should know. This viral picture contains a 5 cedis note that has a writing on it. On the note, a a very sensitive love message was written on it.
Ghana has been hailed as one of sub-Saharan Africa’s success stories. It was the first to free itself from colonial rule, in 1957. It built a stable democracy in the 1990s, overcoming decades of political upheaval. A thriving economy fueled by exports of cocoa, gold, and—more recently—oil helped cut the poverty rate from 53 percent in 1991 to 21 percent in 2012,But by 2015, Ghana’s economy was in trouble, hobbled by widening current account and budget deficits, rampant inflation, and a depreciating currency.
A leading member of the New Patriotic Party (NPP) Gabby Asare Otchere Darko has given indications that the government might consider going to the International Monetary Fund (IMF) to revitalise the economy in orderto boost investors confidence as a result of the controversial Electronic Transfer levy (e-levy) not delivering as expected. He disclosed of how they are disappointed in how much revenue the E-Levy has been generating so far. Gabby Otchere-Darko, has disclosed that the Electronic Transactions
The Ghana currency has evolved over the years. There are young Ghanaians today who might have absolutely no knowledge about some currencies that were used in the past. Prior to independence, the issue of currency was the responsibility of the West African Currency Board (WACB).
The barrister, and politician, Gabby Otchere-Darko has revealed that the E-Levy, which was supposed to give government some huge sums of money has failed woefully. According to him, the estimated expected revenue from the Electronic Transaction Levy introduced in May this year which was 600 million has only yieded less than 60 million and it looks like there's no hope for the government.
Frustration has grown in recent months as Ghanaians bear the brunt of rampant inflation amid government efforts to redress the economy. Disappointment has increased in recent months as Ghanaians have borne the brunt of rampant inflation amid the government's efforts to rebuild the economy. Crowds of protesters surge through the streets of Accra
If you’re wondering what forex trading exactly is, then you’ve come to the right place. In this beginner’s guide, we’ll talk about what forex trading really means and why thousands of people from all over the world are getting involved in it every day—also known as foreign exchange trading or FX trading.
Remote jobs are ideal for many people because they are flexible, and you can have different bosses simultaneously. Online jobs for students, for instance, allow students to attend their regular classes and earn some money when they do not have classes. Which work can I do online and get paid?
Circulation of fake or counterfeit money is not just an issues of the Bank of Ghana but of every good citizen. No one want to be giving a fake or counterfeit money. Sometimes, the genuine concern people show to make sure they are not giving fake money in return for a goods sold or services provided are just interesting.
The call on government to remove taxes on fuel is not the issues. The actual problem is way beyond that. The question is should we be buying fuel even at half the current price it is being sold?. How much is the levies and taxes? At most three Ghana cedis.
Gabby Okyere Darko, a leading member of the New Patriotic Party (NPP) and known in the political cycles as the “Prime Minister” has revealed that the passage of the E-levy has done very little since its inception. Mr. Gabby claimed that the levies accumulated so far is pegged at only 10 percent.
Some likes to play lotto or casino, and others loves the excitement of trading with stocks and currency. They all want to find a system with a high profit and no risk but believe me it does not exist and never will. Forex has developed a few trading systems adjusted to the risk you are willing to take with your investments. There are systems for the careful broker/trader, where the risk of losing your money is minimal, which also affects the profit and there are systems for those who are willing to take a higher
The Founder of the Danquah Institutions, solicitor and barista, Gabby Otchere Darko has reacted to a number of things bothering the country at the moment with a question of "what options are available for government now." According Gabby Otchere Darko, the Ghanaian economy is growing faster than most countries around the world.
The Kumasi Tafo-Pankrono Constituency Secretary for the New Patriotic Party (NPP) Mr Osei-Tutu Wilberforce, has alleged that the opposition National Democratic Congress has nothing positive to offer Ghanaians if opportunity is once again given to them to rule the country. And therefore urged Ghanaians to treat with contempt, the opposition Ndc's political campaign that allegedly tend to be deceptive to the advantage of the members of the party.
The Deputy National Communications Director of the New Patriotic Party, Kamaldeen Abdulai has indicated that the current economic situation in the country could have been worse if not for the competence of the current administration. He made this bold declaration when he appeared as a panelist on the “Newsday show” on TV3 with host, Johnnie Hughes and the member of Parliament for South Dayi constituency, Rockson-Nelson Dafeamekpor.
A Clearing Agent, who did not play smart, has been swindled of his cash of Ghs241,000.00 in a sham currency printing deal. King Joe Atani has been convinced by three fraudsters to give out the money under the pretext of using it to buy chemicals to wash what they claimed to be Chinese-made currency-papers into cedi denominations. Michael Kota, Ben Aziz and their accomplice now on the run, had demonstrated to him how it worked to him and he fell for their trap. The three had told him that a Chinese Company, contracted
Many countries in Africa are actually doing well to stable the exchange rate of the dollar, and these countries has the most valuable currencies in Africa. As you may well know, the top ten strongest and valuable currencies in Africa are currencies with the highest values when exchanged to the dollar.