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Running to IMF a lazy approach, gov’t must apologise to Ghanaians – CPP

The Convention People’s Party (CPP) has described going to the International Monetary Fund (IMF) for support as a lazy approach. In a statement, the party also said the move was a short-term measure. “Ghana has gone to the IMF for a bailout 17 times and does the Akufo-Addo and Bawumia Government believe this 18th time would create the magic wand ...

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OPEC’s Barkindo says Venezuelan, Iranian oil could ease energy crisis

The oil and gas industry is “under siege” due to years of under-investment, OPEC Secretary-General Mohammad Barkindo said today, Tuesday, July 5, 2022, adding the resulting supply shortage could be eased if extra supplies from Iran and Venezuela were allowed to flow. Years of sanctions have limited supplies from Iran and Venezuela. In addition, the West has imposed sanctions on ...

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Substance believed to be crude oil discovered at Apremdo in Western Region

Residents of Apremdo in the Western Region have discovered an unknown substance beneath the soil. The black sticky material is suspected to be crude oil. Following the finding on Sunday, the traditional ruler in the area, Nana Egya Kwamena XI took up the matter. According to him, the community would investigate and ascertain what exactly the substance could be. Nana ...

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Schools will remain open despite strike by teachers – GES

The Ghana Education Service (GES) has directed Heads of Senior High Schools through the Regional and District Directors to mobilise their Management teams to ensure the safety and wellbeing of all students in schools. This comes after the leadership of all the various unions in the Pre-Tertiary Education Sector embarked on a nationwide strike in response to the government’s failure ...

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IMF officials expected in Ghana on July 6 to assess bailout request

A team from the International Monetary Fund (IMF) is expected to arrive in Ghana on Wednesday, July 6 to begin negotiations with the government on the economic support it is seeking. The IMF officials – comprising senior officers from the Fund and local staff – will meet the Finance Ministry, the Economic Management Team, and the Presidency during their stay, ...

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Teachers declare strike over COLA

The leadership of the Ghana National Association of Teachers (GNAT) the National Association of Graduate Teachers (, NAGRAT) Coalition of Concerned Teachers (CCT), and the Teachers & Educational Workers’ Union (TEWU) have asked their members to withdraw their services beginning today, Monday, July 4, 2022. This decision was announced by the General Secretary of GNAT, Thomas Musah Tanko in Accra on Monday. The teachers earlier gave ...

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Mahama tells gov’t to present comprehensive home-grown programme to IMF for support

Forner President John Dramani Mahama has said the government’s decision to commence talks with the International Monetary Fund (IMF) for a bailout should mark an important step in addressing the country’s economic crisis. He says beyond the engagements, “a comprehensive home-grown programme should be fashioned out and presented to the Fund for support.” In a Facebook post today, Saturday, July ...

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BREAKING: Ghana heads to IMF

President Akufo-Addo has directed the Finance Minister, Ken Ofori-Atta, to begin formal engagements with the International Monetary Fund, for an economic support. A statement signed by the Information Minister, Kojo Oppong Nkrumah, and dated July 1st, 2022 indicated that there had already been a conversation between the IMF boss, Kristalina Georgieva and President Akufo-Addo. conveying the government’s decision to engage ...

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BoG strengthening its fraud monitoring activities – Report

The Bank of Ghana (BoG) has said it is strengthening its fraud monitoring activities and enforcement of required internal controls and risk governance within banks, SDIs, EMIs and other regulated entities. As part of the measures, the Central bank has issued a notice to the public, banks and other regulated entities on the usage of the Ghana Card as the ...

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Government will withdraw e-levy if it’s not helpful – Kwaku Kwarteng

The Chairman of Parliament’s Finance Committee, Kwaku Kwarteng, says should the government assess that the e-levy is not a helpful policy, it will be withdrawn. His comment comes on the back of a tweet by a leading member of the New Patriotic Party (NPP), Gabby Otchere-Darko, which said the e-levy is not living up to government expectations. He disclosed that ...

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