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Finance Minister Seth Terkper said on Monday he is confident the government will do a deal with the International Monetary Fund in November for a financial assistance programme aimed at restoring fiscal stability.
The government is set to start a third round of negotiations with the Fund at the start of November on a possible three-year programme, and Terkper said he is confident the country can implement the terms of a deal.
"Yes, I am (confident of an IMF deal). You know why I am confident? This is not the first programme that Ghana has done. Ghana has done about eight or nine programmes with the IMF since 1993," he told Reuters
The economy can see double-digit gross domestic product growth at some point in the next five years, given the government's plans to increase oil and gas production and expansion in the services sector, he said on the sidelines of a conference in London. Read more...
China would play a lead role in support of Ghana’s effort to overcome current economic difficulties, the Chinese Ambassador, Sun Baohong has said.
Speaking to Ghana News Agency in an interview, Ms Sun said China would continue to offer assistance in the areas of investment, infrastructure and manufacturing, especially through the Public Private Partnership mode.
“We will cooperate with Ghana in the light of current economic conditions and work with government on its current strategies to deal with the difficulties,” the Ambassador said.
Lauding the long-standing economic and trade ties between the two countries, Ms Sun said Ghana is a very important partner in Africa.
“You know the economic and trade relations between Ghana and China is ranked in the frontline among African countries,” she said. Read more...
The Ghana Export Promotion Authority (GEPA) has suspended plans to exhibit and market the country's non-traditional products in West Africa due to the emergence of the Ebola Virus Disease (EVD), which has claimed over 4,500 lives within the past 11 months.
The authority has cancelled Ghana’s participation in exhibition fairs in five West African countries - Nigeria, Burkina Faso, Sierra Leone, Liberia and Côte d'Ivoire – in line with directions from local and global health institutions that people cut down on conferences as efforts to stop the pandemic continues.
The cancellation and other Ebola preparedness measures mean that companies that do non-traditional exports (NTEs) in the country will have less opportunities this year to sell and market their wares to foreign clients.
The impact will be a reduction in their respective sales, leading to a drop in national earnings from the sector, the Chief Executive Officer of the GEPA, Mr Gideon Quarcoo, said in an interview. Read more...
Government is providing piped water systems to four communities in the Upper West Region, under the Sustainable Rural Water and Sanitation Projects.
The projects, which are financed through a World Bank loan of 7.3 million Ghana cedis, would benefit Wellembelle, Nator, Sombo and Kpongu communities.
Mr. Worlanyo Siabi, Director of Community Water and Sanitation Agency (CWSA), disclosed this at the sod-cutting for the commencement of the construction of one of the water systems at Kpongu in the Wa Municipality.
He said the Wa Municipality would also benefit from 40 boreholes with hand pumps, 10 improved latrines in five schools, health and sanitation promotion, aimed at improving sanitation and sustainability.
The piped water facility to be installed at Kpongu would have components such as 50 metres concrete reservoir, 6.1 kilometres of pipes, three mechanized boreholes, and 116 cubic of water delivery per day.
Five stand pipes would also be designed for a population of 3,186 and a unit cost for this water system per user population would be at 379 Ghana cedis. Read more...
The Ashanti Regional Command of the Customs Division of the Ghana Revenue Authority (GRA) has confiscated 183 uncustomed vehicles this year.
Most of the vehicles were in the possession of people who had bought them from the original owners.
Mr Isaac Kofi Toffah, the Ashanti Regional Sector Commander of the Customs Division of the GRA, who announced this at a day’s sensitisation workshop organised by the authority for media practitioners in the region in Kumasi last Tuesday, explained that the original owners of such vehicles deliberately evaded taxes on the vehicles.
Such persons, he said, then sold the vehicles to unsuspecting individuals.
He said other schemes employed by some of the unscrupulous vehicle dealers included changing the chassis numbers to outwit custom officials, adding that this does not work because custom officials have a way of determining the original chassis numbers. Read more...
Dr Nkosazana Dlamini Zuma, Chairperson of the Africa Union (AU) Commission, has held discussions with Vice President Kwesi Bekoe Amissah-Arthur at the Flagstaff House on the Ebola pandemic in the sub-region.
The discussions between the two centred on measures taken by affected Ebola countries to contain and stop further transmission of the disease.
Dr Zuma came to confer with the Ghanaian authorities, because of President John Dramani Mahama’s role as the Chairman of ECOWAS.
Currently, three countries in the West African sub-region, namely, Liberia, Sierra Leone and Guinea, have been ravaged by the Ebola pandemic, with over 4,500 deaths.
Dr Zuma commended Ghana for playing a key role by acting as the hub to support sister-countries in the sub-region.
She appealed to the international community to provide more support to the three Ebola affected countries, since the outbreak of the viral disease has affected the economic activities of those countries.
She said the Ebola affected countries have also been isolated, because the citizens of those countries have been prevented from traveling by air to other countries. Read more...
A group calling itself concerned Ghanaians in the United Kingdom will, on Thursday, hit the streets of London to demonstrate against the administration of President John Dramani Mahama over what they call worsening economic conditions in Ghana.
President Mahama, who is in the United Kingdom on a state visit, is expected to pay a courtesy call on Queen Elizabeth II on Thursday. According to the Public Affairs Director of the group, Nana Ansah Obofour who spoke to Citi News, they [concerned Ghanaians in the UK] “know what is going on in Ghana” and have demanded an apology from the President for his attempts to “mislead” them in his speeches.
Nana Obofour said that due to false reports on the situation in Ghana, who “lie because they are afraid that if they don’t, we won’t give them pounds…,we listen to Citi FM and all the media houses, so everything that happens in Ghana we know.” Read more...
It appears the strike action started yesterday by some labour unions in the country has adversely affected the education sector even though its impact is yet to be fully felt nationwide. BUSINESS GUIDE embarked on visits to some establishments to assess the situation in the Accra metropolis.
Some teachers indicated that their superiors did not inform them on time and so they went to work.
“But now that we have received confirmation from our bosses, we are starting the action from tomorrow,” a Senior High School (SHS) teacher told this paper when contacted via phone.
However, other teachers are reported to have deserted their classrooms in tandem with the strike action.
In the health sector, the paper gathered that health professionals only attended to emergency cases and also people who were already on admission while new patients were totally denied health services. Read more...
A total of 1,441 persons were killed in road crashes nationwide during the first nine months of this year. Out of the number, 1,114 were males and 327 were females.
The number of males above 18 years killed amounted to 959 while those below 18 years were 155.
Females above 18 who died were also more than females below 18 who died, with figures at 228 and 99 respectively.
These deaths occurred from 10,061 crashes nationwide involving 15,600 vehicles.
Out of the 15,600 vehicles, commercial vehicles recorded the highest crashes, numbering 6,871, followed by 6,643 private vehicles and 2,086 motorcycles. Read more...
Thirteen people are feared dead after the vehicle on which they were travelling was involved in an accident on the Bole - Bamboi road in the Northern region on Thursday.
The vehicle was said to have somersaulted several times before landing in a ditch, Accra based radio station, Joy FM has reported.
The accident involved a commercial vehicle which was travelling from Kaba in the Northern region towards Techiman in the Brong Ahafo region. Read more...