Economy
The cedi has lost 11.21% to the dollar in the first half of 2023. Although the cedi performed better this year, it is projected to fall further by close of 2023
The resistance against a proposal to lease Tema Oil Refinery (TOR) to Torentco Asset Management is thickening as an influential workers union joins the fray.
Chamber of Petroleum Consumers has said it will be a grave mistake if the government hands TOR to Torentco, a company with no financial and technical clout.
Pressure is mounting on President Nana Akufo-Addo and his government to stop an ongoing agreement to lease the strategic Tema Oil Refinery to a private entity.
Prof Bokpin has made a strong case for Nana Akufo-Addo to reduce the size of his government, stressing that the president can govern with only 40 ministers.
A statement released by an International Monetary Fund (IMF) staff team on Friday, June 15 communicates positive news about Ghana's economic stabilisation.
Ghana could receive the first part of a $1.1 billion World Bank facility by September 2023, pending the finalisation of a crucial agreement on conditionality.
The Annual Misery Index compiled by John Hopkins' Applied Economist Prof Steve Hanke has ranked Ghana as the 15th-most miserable country in the world for 2022.
Akufo-Addo has said Ghana has positioned itself in a way that enables the country to return to the international market to borrow for infrastructural projects.
Economy
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