The Social Security and National Insurance Trust (SSNIT) has reported a record GHS 6.8 billion in total contributions for 2023, reflecting robust growth from the GHS 5.8 billion collected in 2022.
The Social Security and National Insurance Trust’s (SSNIT) 2023 operations also saw a significant increase in benefits payments which amounted to GHS 5.4 billion, compared to GHS 4.1 billion in 2022 and GHS 3.6 billion in 2021.
The Government of Ghana secured GHS 3.34 billion through the latest Treasury Bills issuance, surpassing its target of GHS 3.24 billion by GHS 96 million, marking a 2.9% oversubscription rate.
The National Association of Sachet and Packaged Water Producers (NASPAWAP) has joined plastic manufacturers in urging the government to indefinitely suspend the newly imposed 5% excise tax on finished plastics.
The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid, says the cylinder recirculation model (CRM) is allowing entrepreneurs with limited capital to invest in the liquefied petroleum gas (LPG) distribution chain.
Vice President Mahamudu Bawumia says his next big agenda is to pursue a common currency for Africa via mobile money (MoMo) interoperability to enhance intra-African trade.
The Ghana Cocoa Board (COCOBOD) has secured a $100 million financing facility from the World Bank to rehabilitate old farms across six cocoa-growing districts in the country, namely Assin Fosu, New Edubiase, Nkawkaw, and Juaso.
Diesel costs have a considerable influence on the social and economic development of various African countries, as they do in most other regions across the globe.
The Institute of Economic Affairs (IEA) has initiated moves for a broad, comprehensive stakeholder review of the Bank of Ghana (BoG) Act with a goal of bolstering the Bank’s effectiveness and operational independence.
The Ministry of Finance (MoF) and the University of Ghana (UG) in collaboration with the University of Ghana Business School (UGBS) and the Institute of Statistical Social and Economic Research (ISSER), have resolved to continue deliberation on the country’s finances to find solutions to the challenges of the nation’s economy.
Finance Minister Dr. Amin Adam has announced that following the debt restructuring agreement with Eurobond holders, which included a 37% principal haircut and generated $4.4 billion in savings for the country, the government is preparing to launch the consent solicitation and exchange memorandum on the international capital market.
