BoG: Banking Sector Recovers After DDEP (Capital Up, NPLs Down, Gold Reserves Boosted)

Dr. Johnson Pandit Asiama, the Governor of the Bank of Ghana, said that the Domestic Debt Exchange Programme (DDEP) initially put a strain on banks’ balance sheets, lowering their capital buffers and limiting their ability to lend. However, ongoing recapitalization and regulatory oversight have made the sector stronger. Capital adequacy has gone up to 17.5%,…

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Gov’t Bans Land Transit of 9 Key Goods(Aims to Stop Revenue Loss, Strengthen Customs Control)

To make border controls stricter, stop the flow of money, and protect government revenue, the Ghanaian government has banned the land transit of nine goods: cooking oil, rice, sugar, frozen goods, textiles, flour, canned tomatoes, pasta/spaghetti, and pharmaceuticals. Dr. Cassiel Ato Forson, the Minister of Finance, announced the directive during a meeting with Aaron Akanor,…

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1D1F Factories Key to 24-Hour Economy (Adjei Says NPP Legacy Anchors Mahama’s Policy)

Ibrahim Adjei, the Resident Country Director of International Investments LLC, says that the government’s 24-hour economy policy will mostly depend on the factories that were built under the One District One Factory (1D1F) program that the last government started. He said on Channel One TV’s Breakfast Daily that the industrial base built by President Nana…

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NCA: New SIM Re-Registration to Fix Past Flaws (No Cost to Ghanaians, Says Director-General)

The government wants to fix problems with previous SIM registration processes by holding a new one, according to Edmund Yirenkyi Fianko, Director-General of the National Communications Authority (NCA). On March 9, he talked about this on The Point of View with Bernard Avle. He said that this would be Ghana’s third official SIM registration. The…

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Kufuor: Enforce Separation of Powers (Calls for Stronger Checks in Ghana’s Democracy)

Former President John Agyekum Kufuor has called for a stricter separation of powers between the executive, legislature, and judiciary to make democracy stronger and hold people accountable. He said on JoyNews that the executive should focus on making policies and getting them approved by Parliament. Parliament should keep an eye on the executive, and the…

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