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Cedi has been relatively stable – Ofori-Atta

Finance Minister, Ken Ofori-Atta says the cedi has been relatively stable this year, 2021. He said this when he presented the 2021 mid-year budget review in Parliament on Thursday, July 29, 2021. “The cedi has been relatively stable in the past four years and maintained its stability even in this pandemic year. For the first time in the Fourth Republic, ...

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Covid-19 National Trust Fund has received ¢57.15m as of June 2021 – Finance Minister

The Finance Minister has disclosed that the Covid-19 National Trust Fund has received ¢57.15 million in cash and donations as of June this year. Ken Ofori-Atta said the donations were made between the period April 2020 and March 2021. “As of June 30, 2021, the Fund had disbursed an amount of ¢52,501,540.44, for various programmes as well as procurement of ...

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Drawing Further Apart: Widening Gaps in the Global Recovery

The global economic recovery continues, but with a widening gap between advanced economies and many emerging markets and developing economies. Our latest global growth forecast of 6 percent for 2021 is unchanged from the previous outlook, but the composition has changed. The recovery is not assured until the pandemic is beaten back globally. Growth prospects for advanced economies this year have improved ...

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5,000 Ghanaians in affluent communities evade taxes

The Ghana Revenue Authority (GRA) has identified 5,000 Ghanaians who despite operating different level of businesses in the country avoid paying taxes to government. Disclosing this at a press briefing in Accra on Wednesday 28 July 2021, the Assistant Commissioner of GRA, Dr Charles Addae, said culprits were mostly people between 35 and 65 years old and residing mostly in the top 10 ...

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Mid-year budget: Ghana’s economic outlook not good – Terkper

A former Finance Minister Seth Terkper has said that overall, the Article IV of the International Monetary Fund (IMF) on Ghana’s economic outlook is not good, even with a post-COVID recovery. However, he said the public can wait for the GOG post-Article IV Outlook when the Minister presents the 2021 Mid-Year Review today Thursday July 29. “I quoted IMF’s post-COVID ...

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Could climate finance power Africa’s energy needs?

Think of how food ends up on your table. Your local farmer uses various tools including a tiny mobile phone to make that happen. But if there’s not sustainable energy, humanity might be doomed right? It’s a clear example of what could happen without the needed investment in Africa’s energy needs. Climate financing is on the rise to tackle these ...

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Tunisians unable to make a living amid economic crisis

Many stands are half empty in the district of Bab el-Fella in Tunis, with Tunisians being more and more badly hit by an economic crisis, which is seemingly unending and fueling popular resentment against the political class. Mahran Mezlini, vegetable vendor says; “This market is for the poor, today you can not buy a kilo of fruit. The kilo of peaches ...

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Nominations Open for Ghana Integrity Awards 2021

The  Ghana  Integrity  Initiative (GII), has launched the 2021 Ghana Integrity Awards (GI Awards) meant to recognize outstanding individuals, private and public sector institutions making significant contributions in the fight against corruption in Ghana. The Awards are purposed to serve as incentives to influence positive behaviour in Ghana and to provide an emotional reward to individuals and organizations doing the ...

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UN chief says race to reach SDGs ‘can and must’ be turned around

The COVID pandemic has taken four million lives, devastated the global economy, pushed a further 124 million people into extreme poverty and continues to inflict profound suffering dramatically impacting progress towards the Sustainable Development Goals (SDGs), the UN chief said on Tuesday at a key international forum.   “Nearly one person in three around the world could not access adequate food in 2020 – an increase of nearly 320 million ...

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UNICEF chief resigns

The head of the UN Children’s Fund, Henrietta Fore, announced her resignation on Tuesday, in order to devote herself full-time to caring for her husband, who is suffering from what she described as a serious health issue. Ms. Fore said it had been “a difficult decision”, and in a message to staff, described holding the office of Executive Director as “a tremendous honour”. ...

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