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Study recommends harmonization of mental health treatments

Stakeholders in the mental health sub-sector have been encouraged to intensify discussions to agree on the urgent need for harmonized treatment approaches in Mental Health conditions. The recommendation is intended to among other things bridge the mental health treatment gap between the traditional and scientific ways of handling mental illness. “What is required is for more dialogue and open discussions ...

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Fleecing Fisher Folks for Personal Gains; How Non-Fishermen are Cashing in on Premix Fuel in Oti Region

Fisher folks in the Krachi West and East Municipal Assemblies in the Oti Region are being denied access to Premix fuel by faceless individuals who have hijacked the Premix Fuel markets for personal gains. These faceless individuals, tagged as political party activists, purchase the relatively scarce product in large quantities, hoard it, and later sell the fuel at exorbitant prices ...

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WFP: First Ukrainian humanitarian grain shipment leaves for Horn of Africa

The first vessel transporting Ukrainian wheat grain to support humanitarian operations run by the World Food Programme (WFP) has left the port of Yuzhny, also known as Pivdennyi, the UN agency reported on Tuesday.  The MV Brave Commander departed with 23,000 metric tonnes of wheat grain for WFP’s response in the Horn of Africa, where the threat of famine is looming due to severe ...

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BoG announces emergency MPC meeting over recent economic woes

The Bank of Ghana is convening an emergency Monetary Policy Committee meeting on Wednesday, August 17, 2022, over recent challenges faced by the Ghanaian economy. The meeting according to the apex bank will review developments in the economy over the past month. Some of the issues expected to be discussed are ways to deal with the sharp depreciation of the ...

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Utility tariff increment will only exacerbate current high cost of living – Minority

The Minority in Parliament says the increase in utility tariffs by the Public Utilities Regulatory Commission (PURC) will only exacerbate the current high cost of living. This comes after the PURC announced new tariffs for electricity and water. Utility consumers will pay 27.15 percent for electricity and 21.55 percent for water effective September 1. The Ranking Member on Parliament’s Mines and Energy ...

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Current economic situation one of the toughest I’ve experienced since 1981 – Joe Jackson

Director of Operations at Dalex Finance, Joe Jackson, has described the current economic downturn as one of the toughest he has experienced since 1981. According to him, there is no dispute when it comes to the dire economic situation the country finds itself in and this is especially reflected in Ghana’s interest rates. “The government Treasury bill, 91 days Treasury ...

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Government urged to work with stakeholders to stabilize cedi 

Madam Monica Josiah, Head of Shippers’ Services and Trade Facilitation at the Ghana Shippers Authority (GSA), has called on the government to work in collaboration with stakeholders to redeem the cedi from its present woes. She said it was time the government took effective measures to help stabilise the cedi to build a resilient and robust economy for macro-economic stability. ...

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Reduce size of gov’t, fight corruption – Bokpin tells gov’t amid downgrades

Economist, Professor Godfred Bokpin, has urged President Nana Addo Dankwa Akufo-Addo to reduce the size of his government and check corruption. He says this is the surest way to check the country’s economic woes. With rising inflation and policy rates, the country’s economy received yet another downgrade to CCC by Fitch Ratings with concerns of dwindling investor confidence. In a Citi ...

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Fitch downgrades Ghana to ‘CCC’ days after poor S&P grading

Rating agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. The downgrade, it said, reflects the deterioration of Ghana’s public finances, which has contributed to a prolonged lack of access to Eurobond markets, in turn leading to a significant decline in external liquidity. “In the absence of new external financing sources, international reserves ...

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No declaration Wednesday in Kenya’s vote, commission says

Kenyans are waiting for the results of a close but calm presidential election in which the turnout was notably lower than usual, and the electoral commission indicated it would be at least Thursday before a winner is declared. Tuesday’s election was likely the final try by longtime opposition leader Raila Odinga, who on his fifth attempt was backed by former ...

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