News follows nation’s clampdown on cryptocurrencies as exchanges are raided over alleged tax evasion and fears of gambling addiction  Bitcoin’s 1,500% surge since January 2017 has spurred huge demand, stoking worries of a growing gambling addiction in the country. Photograph: Anadolu Agency/Getty Images The value of bitcoin plunged 13.5% in the...
Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System." His goal...
The inflation rate for December 2017 increased slightly to 11.8 percent, up from the 11.7 percent recorded in November in the same year, acting Government Statistician, Baah Wadieh announced Wednesday.The monthly change rate, according to Mr Wadieh comes as a result of the rise in the two main components,...
Vice president Dr Mahamudu Bawumia has disclosed the government is putting in place the necessary legislation and infrastructure to establish a bauxite refinery in the next two to three years. A bill seeking to set up a Bauxite Development Authority to facilitate the establishment of an Integrated Aluminium Industry will...
President Nana Addo Dankwa Akufo-Addo wants African leaders to pursue the implementation of the UN Sustainable Development Goals (SDGs) with high sense of urgency. He noted it has become imperative to see the Goals materialized due to the deficit in human development on the African continent, the high levels of...
Before 2017 ends, don't let the negative appraisal or negative opinion of your supervisor or superior or manager or boss or employer about your competence or skills define your sense of self-worth. Let it not cause you to doubt the dreams you have or to dilute the aspirations you...
It is estimated that government will lose GH¢13.6 million every month due to the reduction of seven pesewas in the Price Stabilisation and Recovery Levy (PSRL) on diesel and Liquefied Petroleum Gas (LPG). This comprises GH¢11.9 million directly from the PSRL on the two products and GH¢1.7 million from the...
A former senior vice president at the World Bank, Professor Yifu Lin, has warned that Ghana risks losing out on huge investments if it fails to embark on drastic economic reforms. Ghana recently dropped 12 places in the latest World Bank Ease of Doing Business report. Prof Lin believes such...
In an effort to curb graduate unemployment, the government will soon introduce the Nation builders corps which will address issues of graduate unemployment. Presenting the 2018 Budget Statement and Economic Policy on Wednesday, Ken  Ofori-Atta said: “We have returned to robust growth with a real GDP growth of 7.8%…We have...
As the Finance Minister Ken Ofori Atta prepares to present the 2018 budget statement before parliament tomorrow, some financial observers have cautioned against ambitious oil revenue projection. According to them, previous experiences must serve as a guide to the government as Ghana has no control over the price of oil. In...