E-cedi: Bank of Ghana to pilot digital currency

The Bank of Ghana is in the advanced stages of introducing a digital currency, the Governor of the central bank, Dr Ernest Addison has disclosed.According to the Dr Addison, the e-cedi will go through three phases before it goes into circulation.He said in the final stage, a pilot would determine

Ghana secures €170 million for new national bank

The Ministry of Finance and the European Investment Bank (EIB) have signed an agreement for the provision of a €170 million facility for the establishment of a new national bank, the Development Bank Ghana (DBG).The facility is the largest provided by the EIB for the establishment of a development bank

Government to implement US$200million Jobs and Skills Programme

Government is fast tracking the implementation of the US$200million Jobs and Skills Programme to enhance job creation significantly.The intervention is designed to facilitate new and expanded private sector businesses to employ many more people.Mr Ken Ofori Atta, the Minister of Finance at the Minister's Press Briefing, said, "this we believe

Privatize all ‘failed’ state-owned enterprises – Jackson

An Economist, Joe Jackson is questioning why the state keeps running abattoirs across Ghana.According to Joe Jackson, State Owned Enterprises including the Accra and Kumasi Abattoirs are destroying Ghana and should be sold off.According to a Researcher Patrick Stephenson, between 2016, 2017 and 2018 the Accra Abattoir Company Limited made

New transport fares yet to be determined – Transport Unions

Operators of commercial transport say they are yet to determine an appropriate adjustment to fares following the recent increase in the price of petroleum products.They have, therefore, cautioned all transport operators against increasing transport fares until a determination is made.In a statement jointly signed by the General Secretary of the

NPA reduces fuel margins by eight pesewas

The move by the National Petroleum Authority (NPA) is expected to result in the reduction of fuel prices at the pumpThe National Petroleum Authority (NPA) is set to reduce fuel margins by eight pesewas effective 5 May 2021, a communique issued by industry players has stated.This follows a meeting between