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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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Economist backs calls for national dialogue to bring economy back on track

An Economist at the University of Ghana Business School, Professor Godfred Bokpin, has backed calls for a national dialogue to bring the economy back on track. He said there is a need for consensus building, to bring on board alternative ideas from civil Society, academia among others to find solution to the economy. Speaking on GBC’s Current Affairs programme ‘Behind ...

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President must ‘deal’ with Council of State member allegedly involved in Labianca food scandal – Ofori-Kwafo

Executive Director of the Ghana Integrity Initiative (GII), Madam Linda Ofori Kwafo has told President Nana Addo Dankwa Akufo-Addo to take particular interest in the case of the Council of State Member who is alleged to have been involved in the Labianca Foods scandal. This comes after the Office of the Special Prosecutor (OSP) recovered over GHC1 million GHC1,074, 627.15) from Labianca Foods in unpaid import duties. ...

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MindFreedom Ghana chastises state authorities for neglecting Mental Health issues

MindFreedom Ghana, a mental health advocacy organization has blamed state actors for not prioritizing issues relative to mental health in the country. MindFreedom’s reaction was triggered by a recent news report by: myjoyonline.com https://www.myjoyonline.com/mentally-challenged-woman-stones-man-todeath-at-kwame-nkrumah-circle/ with the Headline, “Mentally challenged woman stones man to death at Kwame Nkrumah Circle on 1st August, 2022.”    In a Press statement signed  and  issued in ...

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Special Prosecutor cites Council of State member, others for corruption

Council of State member, Eunice Jacqueline Buah Asomah-Hinneh has been accused by the Office of Special Prosecutor (OSP) of corruption-related offences. In November 2021, the OSP was petitioned by one Frank Asare, to launch an investigation into the Customs Division of the Ghana Revenue Authority and Labianca Company and its subsidiaries for alleged evasion of import duties since 2017. The ...

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Africa Water Justice Network campaigns against water privatisation threats in Nigerian, Kenya and South Africa

The Africa Water Justice Network(AWJN) has backed Civil Society Organisations and rights activists in Nigeria, Kenya and South Africa and others resisting the continuous dispossession of people of their rights. The AWJN also supports the activists’ insistence on increased state-led tax-financing of basic social services nd calls on the African public,workers, media, lawmakers and students to support efforts by civil ...

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