Jan 31
Twitter and Elon Musk advance payments feature
Twitter has been looking for new avenues to boost its revenue since Elon Musk acquired the company.
Dailyaccra author
Seth Abanfo Essiam
Latest stories
Jan 31
Job Opportunities at GIZ Ghana: Communications and M&E Specialists
GIZ is an equal-opportunity employer committed to diversity.
Jan 30
Interest rates will rise as the BoG raises its benchmark rate
The Bank of Ghana’s Monetary Policy Committee raised its policy rate from 27% to 28%, a rise of 100 basis points.
Jan 30
Ghana is under IMF pressure to stop borrowing from its central bank
Ghana is aiming to reduce its debt to 55% of its GDP by 2028.
Jan 30
Fuel prices will increase by 7% to 13% from February, according to IES
Fuel costs for gasoline, diesel, and liquefied petroleum gas (LPG) are expected to increase by 7% to 13%, according to Institute for Energy Security. Therefore, gasoline will cost around ¢15 per liter, while diesel would cost more than ¢17 per liter. The steep devaluation of the cedi over the past two weeks and the rising […]
Jan 26
Insurance industry agrees to revised terms for the debt exchange programme
Similar to the agreement reached with the banks late last week, the GraphicOnline has learned from sources that the new arrangement with the insurance sector includes last-minute adjustments to the program’s conditions. The banks also agreed to clarify the operational framework and terms of access to the Ghana Financial Stability Fund (GFSF), remove or amend […]
Jan 26
US: Visa restrictions for those “undermining democracy in Nigeria”
The US Secretary of State, Antony Blinken, has announced visa restrictions for Nigerian politicians the United States deems to be undermining the West African nation’s democracy. “We are committed to supporting and advancing democracy in Nigeria and around the world,” Blinken stated. “Today, I am announcing visa restrictions on specific individuals in Nigeria for undermining […]
Jan 26
First batch of innovators to be admitted to BoG’s Regulatory Sandbox
The Regulatory Sandbox, which was introduced in August 2022, is a mechanism designed to take advantage of technology’s potential to create a competitive and equitable financial services sector without jeopardizing financial stability. More crucially, it is anticipated to act as a regulatory oversight framework for innovators operating under a special exemption, permission, or other restricted, […]
Jan 25
Work with the World Bank: Ghana macro-monitoring and project support
The World Bank’s Macroeconomics, Trade and Investment team for Ghana is seeking to hire a short-term consultant to assist with the macro-monitoring and provide analytical support for ongoing and pipeline projects. Scope of work Macro Monitoring and data briefs: The STC will contribute to the development of regular monitoring of macroeconomic and fiscal developments in […]
Jan 25
FBI agent who probed Trump’s ties to Russia is charged with conspiring with Russia
Charles McGonigal, a former FBI agent who worked on the investigation into Trump-Russian collusion, was detained on Saturday due to his connections to the Russian government. His connections to Russian billionaire Oleg Deripaska, who the US has sanctioned and who was criminally accused of breaking those sanctions last year, according to CBS. “The FBI is […]
Jan 25
Finance Ministry welcomes Auditor’s Report on COVID-19 Expenditure
The Auditor General’s report on the government of Ghana’s Covid-19 expenditures for the months of March 2020 to June 2022, released on December 30, 2022, has been acknowledged, according to the Ministry of Finance. The Minister of Finance praised the Auditor General for swiftly releasing the Audit report and publishing the Special Audit Report of […]
Jan 24
Bank of Ghana mulls raising interest rates
According to a Daily Graphic report, the Bank of Ghana is planning to increase its main benchmark interest rate by more than 150 basis points, from 27 to about 28.5 percent, in an effort to rein in spiraling inflation and clean up the currency rate market. As the Monetary Policy Committee of the central bank […]
Jan 23
Financial institutions consent to Cocoa Bills rollover
Following a meeting with them and the Ghana Cocoa Board, the Bank of Ghana has stated that local financial institutions have consented to roll over their investments in cocoa bills. The central bank said that a six-month Cocoa bill having a face value of GH940.42 million matured on Thursday, January 19. In order to raise […]
Jan 6
New Taxes: E-Levy and VAT Amended for 2023
Some Taxes are presented in the budget for the year 2023 as some revenue measures to offset the negative outlook of the Ghanaian economy and boost revenues. Consequently, e-Levy has been reduced from the 1.5 to 1% effectively. After rigorous deliberations on the Ministry’s wishes of removing the GHC100.00 daily threshold, parliament rejected such a […]
Aug 2
Five Cedis fee to Pay for SIM Re-registration App — Ursula Owusu
The cost of creating the self-service SIM registration app would be covered by a five cedi fee, according to the Minister for Communications and Digitalization, Mrs. Ursula Owusu-Ekuful. The minister claimed that although the software had been in development for some time, it had come to a standstill due to the cost of its use. […]
Jul 6
IAA and CIMA join forces to elevate the skills of public sector professionals in Ghana
The partnership between the IAA and CIMA marks the beginning of a new era that will be characterized by improved enterprise risk management and internal auditing capabilities to enhance performance management and corporate governance within the public sector. We are privileged to partner with CIMA, this partnership opens up the opportunities for us to learn […]
Jul 1
Ghana Enterprises Agency supports young entrepreneurs with GHS 880,000 under YouStart Pilot Programme
Beneficiary Funding The Ghana Enterprises Agency (GEA), on 30th June 2022, supported sixteen (16) entrepreneurs and three (3) business associations with GHS 880,000. The funds are intended to support the working capital needs of the beneficiaries and/or purchase equipment for business expansion. GEA conducted visits to the sites of each beneficiary under the pilot phase […]
Jul 1
Passport Office can only issue 32 page booklets — Foreign Affairs Ministry
The Ministry of Foreign Affairs and Regional Integration says to applicants for 48-page passport booklets that the Passport Office until further notice can only issue 32-page booklets to all applicants who have requested the 48-page booklets “due to a surge in demand and the continuing challenges with the supply chain.” In order not to worsen […]
Jul 1
Ghana officially reaches out to IMF for support
Even though Ghana’s Finance Minister, Ken Ofori-Atta has said that Ghana is committed to managing its debt without assistance from the International Monetary Fund (IMF), expressing his confidence that government measures were moving the country in the right direction, a statement by the Ministry of Information indicates that the president has authorized the Finance Minister […]
Jun 28
37 Black Africans have reportedly died in an attempt to cross the Morroco-Spain Border
Several sub-Saharan Africans have died after thousands of migrants tried to scale a border fence between Morocco and the Spanish enclave Melilla. The Moroccan authorities say 23 people died and 140 police were injured during the attempt, while several NGOs say the number of dead is 37. More than 2,000 people stormed the area on […]