Currencies be it Ghana Cedis, Euro, British Pound, or the US dollar are primarily a medium of exchange for goods and services. Currencies have evolved as a buildup on the prior barter system which was merely an exchange of goods for other goods with no means of assessing the proportionality in the exchange - thus, the development of money as the tool of exchange provides an efficient means of attaching value to these goods and services which were being exchanged.
Road transport operators, including the influential Ghana Private Road Transport Union (GPRTU), have settled on a 15% increase in transport fares from today Saturday, February 26, 2022.
The Economic and Organized Crime Office, EOCO has in a statement warned Ghanaians against the activities of two online investment services; Hubtel money lending and Royal gardens network.
Respected Economist, Dr Nii Moi Thompson, has said Ken Ofori-Atta and the government are not making going to the IMF an option to solve economic challenges because of how poorly the country has managed huge COVID-19 cash donations.
The arduous task of raising $60.9 million annually for interventions under the National Export Development Strategy (NEDS) is raising uncertainty over the country’s ability to increase Non-Traditional Export revenue from $2.8 billion in 2020 to $25.3 billion in 2029.
After months of agitation and weeks of consultations with stakeholders in the trading community on the benchmark values reduction policy, the government has finally concluded on a 30 percent discount for all goods and 10 percent for vehicles.
Vice President Dr Mahamudu Bawumia has said Ghana and the rest of the developing world urgently need a comprehensive, viable plan towards the transition from fossil fuels to renewables.
Road transport operators, including the influential Ghana Private Road Transport Union (GPRTU), have settled on a 15% increase in transport fares from Saturday, February 26, 2022.
Road transport operators, including the influential Ghana Private Road Transport Union (GPRTU), have settled on a 15% increase in transport fares from Saturday, February 26, 2022.
The Finance Ministry has taken steps to cut expenditure this year, consistent with suggestions by civil society and economists at the height of the debate on the proposed 1.5% E-Levy tax regime.
