Economy

#2018GHBudget: The end of graduate unemployment – Ofori-Atta

graduate unemployment

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 reduced inflation, and October inflation of 11.6% from 15.4% end ...

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Economist Caution Finance Minister against fuel revenue

Fuel Revenue

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 the 2017 mid-year budget review presented by the Finance ...

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What would be the new brand name for Tigo,Airtel?

airtel

Tigo and Airtel will today officially unveil the name and logo of the new entity following the merger of the two companies. The announcement comes weeks after the official approval by the National Communications Authority (NCA). Information gathered suggests that today’s announcement will also culminate in the human resource plan for the new entity which involves skills assessment of staff ...

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Anas partners Klarity to combat Corruption

Corruption

Anas’ Tiger Eye Foundation has announced a partnership with Klarity AB, an online community where activists can anonymously crowdsource video-based evidence against corruption issues in their local neighbourhoods. Tiger Eye will be working with Klarity during the pilot launch to build up its online community of users and assist in collaboration with local authorities. As of today Tiger Eye is ...

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Consumer price inflation falls to 11.6 pct in October

Consumer Price

The annual consumer price inflation fell to 11.6 percent in October from 12.2 percent the previous month on the back of lower transport and health costs, the statistics office said on Wednesday. The major commodity exporter is following a $918 million credit programme with the International Monetary Fund that aims to restore fiscal balance and narrow inflation to 8 percent ...

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Ghana to Receive $100m from IMF

IMF

The International Monetary Fund (IMF) is expected to disburse the 5th tranche of the Extended Credit Facility (ECF) to Ghana within the coming weeks. It follows the fifth review of Ghana’s performance under the program, last week. Business.com.gh understands the Fund has not been very satisfied with government’s missing of the revenue targets considering the ambitious policies being rolled out. ...

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GWCL to start installation of smart meters in November

smart meters

The Ghana Water Company Limited (GWCL) has said the era of illegal connections and meter theft will be a thing of the past as it readies to introduce smart meters from November. The exercise will begin with some 40,000 Danish intelligent meters, which officials of the company are upbeat will help diminish the nation’s water supply challenges and boost its ...

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Domestic tourism spending hits GH₵698m

Domestic Tourism in Ghana

A Ghana Statistical Service report indicates that expenditure made by domestic tourists during their visits to different parts of the country in 2015 amounted to GH₵698.4million. Out of this amount, expenditure by domestic tourists visiting friends and relatives constituted 29.6 percent; funeral expenditure constituted 24.3 percent, and business expenditure accounted for 25.3 percent. The report defines domestic tourism as the ...

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The Lost Focus of Technical Universities in Ghana

Technical Universities

Humanities, otherwise known as arts, still dominate in admissions to the newly christened technical universities, one year after their conversion, which is contrary to the recommendation made by the technical committee that worked on the conversion. The committee was clear in its report, that a future technical university should offer study programmes that are vocationally-oriented or career-focused, with emphasis on ...

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Staff of telcos accomplices in mobile money fraud – Police

Mobile money fraud

The rate at which subscribers of mobile money are being defrauded by both criminals and some staff of telecom companies has reached alarming proportions. The service, which has been touted as the innovation to bring banking to the doorsteps of the unbanked, is turning out to be a monster depriving mostly poor people of their little money. What is even ...

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