Head of Finance Department at the Valley View University, Dr. Williams Peprah, has urged Ghanaians to take advantage of the rising interest rates to save for the future. According to him, this is the best time to invest and make money. Interest rates have surpassed 22% due to the rising inflation, and it’s unclear when it will come down. Dr. Peprah tells Joy Business, government must ensure the short term instruments have higher yields than the longer term instruments to stimulate savings and investments. “When things are getting out of hand in terms of pricing going up, it’s time for…
Author: herbert
Deputy Chief Executive Officer of the MCC, Mahmoud Bah The Millennium Challenge Corporation (MCC) has reiterated the need for Ghana to work hard and reduce the cost of electricity to businesses. The corporation made the call after it injected $316 million into Ghana’s electricity distribution sector through the Power Compact deal. Currently, Ghana has one of the highest electricity tariff regime for businesses in the West African region. Speaking to the media, the Deputy Chief Executive Officer of the Millennium Challenge Corporation, Mahmoud Bah, stressed the need for efficiency in the power sector to reduce the cost of electricity to…
Economics and Finance lecturer at the University of Ghana Business School (UGBS), Professor Godfred Alufa Bokpin A Finance and Economics Professor at the University of Ghana Business School (UGBS), Professor Godfred Alufa Bokpin has called on Ghanaians to take a second look at the comments of the government statistician on the remuneration of public sector workers in the country. According to him, instead of the general angst and sentiments, Professor Annim’s comments should rather set the tone for a thorough discussion on the actual performance of public sector workers as compared to their wages and compensations. Speaking in an interview…
Increase in transport fares and surging food prices pushed the rate of inflation in May 2022 to 27.6%, the Ghana Statistical Service has announced. This is against 23.6% recorded in April 2022. According to the Government Statistician, Professor Kobina Annim, the rate of inflations for Transport (39.0%), Household Equipment and Maintenance (33.8%), Housing, Water, Gas and Electricity(32.3%) and Food and Non-Alcoholic Beverages (30.1.6%) were higher than the national average (27.6%). In May 2022, 12 of the 13 divisions record inflation rates higher than the rolling average from June 2021 to May 2022. The data showed that Food inflation in May…
North Tongu MP, Samuel Okudzeto Ablakwa The Member of Parliament for North Tongu has once again alleged that Finance Minister, Ken Ofori-Atta released an amount of GH¢142 million for the construction of the National Cathedral in 2020. Samuel Okudzeto Ablakwa said the release was for “planned activities” of the project. According to him, the said release was upon the request of the Chief of Staff at the Presidency, Madam Frema Osei Opare. In a social media post on Wednesday, June 8, the lawmaker said so far GH¢200 illegal funds have been released to the project. “On October 29, 2020; Ken…
The Minister for Lands and Natural Resources, Samuel Abu Jinapor has disclosed that more than 42 million Ghana cedis have been accrued to the Appiatse Support Fund account, as well as other non-monetary contributions including cement and wood. He said this on the floor of Parliament on Tuesday when he appeared before the House to render accounts on the amount of money the Fund has received since it was set up. The Minister noted that out of the amount received so far, a million cedis have been given to the Appiatse Reconstruction Implementation Committee to be used to complete the…
Finance Minister, Ken Ofori-Atta The Member of Parliament (MP) for North Tongu has called on Parliament to initiate processes to remove Finance Minister, Ken Ofori-Atta from office. Samuel Okudzeto Ablakwa said this has become necessary due to his supervision of some unbudgeted funds that were released towards the construction of the National Cathedral. The NDC MP was speaking in relation to his latest allegation that the Minister in 2020 released an amount of GH¢142 for a supposed “planned activities” around the project. This release, he said, was done upon the request of the Chief of Staff at the Presidency. “On…
Voice Of London Radio – VOL Radio broadcasting is OnAir. VOL Radio is one of the primary means by which information, education, entertainment, enlightenment are delivered to the public in virtually every nation around the world. VOL Radio, one of our core objectives is to be guided by the maxim of objectivity undue impartiality, fairness & balance always adhering to hear the other side. Our ability ,capacity & technological know-how enables us to meet the social, political, educational,developmental; entertainment needs of the general public.VOL Radio, one of our core objectives is to be guided by the maxim of objectivity,…
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth. You meet someone, they introduce themselves, and two minutes later you can’t recall their name. It happens all the time Even the all-powerful Pointing has no control about the blind texts it is an…
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth. You meet someone, they introduce themselves, and two minutes later you can’t recall their name. It happens all the time Even the all-powerful Pointing has no control about the blind texts it is an…
