Author: newsfilegh

Ghana’s inflation rate rose in October but is within the central bank’s medium term target of 8±2. The consumer price inched up to 7.7% in October from 7.6% in September. The 7.6 inflation recorded in September was the lowest since September 2013. The Government Statistician, attributed the food and non-alcoholic beverages and non-food inflations as the drives for October inflation. “Food and non-alcoholic beverages remains the driver of inflation, but less than earlier months”, Professor Samuel Kobina Anim noted, adding, “transport contributed the highest increase towards inflation”. KEY POINTS: Food inflation was 7.0%. Non-food inflation was 8.2%. Inflation for locally…

Access to credit for Small and Medium Scale Enterprises (SMES) as well as the private sector, is expected to be easier in the coming year. This is because of the introduction of 3 credit provision avenues by government, as stated by the finance minister, Ken Ofori-Atta during the 2020 budget reading on Wednesday, November 13. Access to finance and the high cost of credit continue to impact negatively on the operations of Small and Medium Enterprises in the country. The situation has been attributed to the absence of adequately resourced institutions as well as some macro-economic policies that discourage granting…

Access to credit for Small and Medium Scale Enterprises (SMES) as well as the private sector, is expected to be easier in the coming year. This is because of the introduction of 3 credit provision avenues by government, as stated by the finance minister, Ken Ofori-Atta during the 2020 budget reading on Wednesday, November 13. Access to finance and the high cost of credit continue to impact negatively on the operations of Small and Medium Enterprises in the country. The situation has been attributed to the absence of adequately resourced institutions as well as some macro-economic policies that discourage granting…

Popular American comedian-cum-author Steve Harvey has chastised the current generation of African-Americans for belittling his efforts in bettering the lot of their folks. He lamented that the current kids “must have forgotten who I really am”. Speaking exclusively on 3FM Drive with Giovani Caleb on Tuesday, the 62-year-old American said he came under a barrage of attacks when he met then US President-elect Donald Trump in 2017. He said the young generation hid behind social media to attack him. The host of Miss Universe since 2015 said he was saddened as most of this young social media users do nothing…

There are many false myths on social media about vaginas, and one woman has made it her mission to correct them. Dr Jen Gunter has been a practising obstetrician-gynaecologist in the US and Canada for 25 years. She is a fierce advocate for women’s health and has been described as Twitter’s resident gynaecologist. Recently she took up arms against claims that putting jade eggs into vaginas supported “hormonal balance, menstrual regulation, and bladder control”. Gunter showed that they were not part of any ancient Chinese tradition nor did they have any scientific backing. The claims were taken down. Gunter’s latest…

An afrobarometer report by the Ghana Center for Democratic Development (CDD) indicates a lot of Ghanaians are not aware about the December 17 referendum which seeks the opinion of Ghanaians whether local government elections should be made partisan. Per the report, only 42% of Ghanaians are aware of the upcoming referendum. Out of those who are aware of the referendum, a majority of them are educated. “Awareness increases with respondents’ level of education, reaching 62% among those with post secondary education, compared to 35%-42% among those with less schooling,” the reported stated. While 58% of those in the know about…

Five technical universities as well as 10 technical institutes are set to see a massive upgrade in their training and other facilities, the Vice President, Dr Mahamudu Bawumia has announced. The institutions will see upgrades in and construction of state of the art training workshops for mechanical engineering, automobile engineering, civil engineering, welding engineering and others. Assisted by the visiting Vice-Premier of the People’s Republic of China, Sun Chunlan, who is on a three day official visit to Ghana, Vice President Bawumia symbolically cut sod at the Tema Technical Institute for construction works to begin on the $130m TVET upgrade…

COCOBOD has received a $600 million syndicated loan facility from the African Development Bank, and Credit Suisse Group AG, to finance key components of the organisation’s productivity enhancement programmes. The signing ceremony took place on the sidelines of the 2nd Edition of the Africa Investment Forum, on Tuesday, 12th November, 2019, in Johannesburg, South Africa, a ceremony witnessed by the President of Ghana, Nana Addo Dankwa Akufo-Addo It would be recalled that, in 2017, discussions first took place between President Akufo-Addo, and Dr. Akinwumi Adesina, President of the African Development Bank, regarding the urgent need for the transformation of Ghana’s…

COCOBOD has received a $600 million syndicated loan facility from the African Development Bank, and Credit Suisse Group AG, to finance key components of the organisation’s productivity enhancement programmes. The signing ceremony took place on the sidelines of the 2nd Edition of the Africa Investment Forum, on Tuesday, 12th November, 2019, in Johannesburg, South Africa, a ceremony witnessed by the President of Ghana, Nana Addo Dankwa Akufo-Addo It would be recalled that, in 2017, discussions first took place between President Akufo-Addo, and Dr. Akinwumi Adesina, President of the African Development Bank, regarding the urgent need for the transformation of Ghana’s…

Tony O. Elumelu, Chairman of the Heirs Holdings & Founder, Tony Elumelu Foundation has urged African business and the private sector to embrace the concept of Africa beyond aid agenda championed by Ghana’s President, Nana Addo Danquah Akufo-Addo. Speaking as part of a high level presidential panel organized by the UNDP Africa on the theme; Africa’s money for African Development – A future beyond aid, Mr. Elumelu noted that, investment in other areas of African economy like power is a business investment and would contribute to the growth of the countries but an investment in young Africans would create prosperity…