Fred Avornyo

217 Articles

Government misses Treasury bill target for the 6th consecutive week, but by a narrower margin

The government missed its treasury bill target for the sixth consecutive week, raising GH¢4.624 billion out of GH¢4.968 billion, indicating…

2 Min Read

NPP Launches Manifesto Today-Said to be Focused on Jobs and Business Development

The NPP's upcoming manifesto emphasizes job creation and private sector growth, with plans to expand opportunities for Ghanaian youth through…

4 Min Read

Covid levy realised over GH¢1 billion, giving Government more than e-levy did in First Half of 2024

The Covid-19 Health Levy generated over GH¢1 billion in the first half of 2024, surpassing e-levy revenue and remains crucial…

2 Min Read

California Weakens AI Safety Bill SB 1047 Amid Industry Pressure, Incorporates Amendments from Anthropic

California's AI safety bill SB 1047 was significantly weakened after industry pressure, removing key enforcement powers, but still aims to…

3 Min Read

Cedi Gains as Interbank Market Flooded with Dollars

The cedi gained against the dollar as increased dollar supply and market interventions eased demand, though future sustainability of these…

4 Min Read

Cedi Stays Stable Since Introduction of New BoG Forex Bureaux Regulation

The cedi has stabilised since August, attributed to decreased dollar demand stemming from BoG's new forex regulations, but concerns remain…

2 Min Read

SSNIT Risks Inability to Pay Pension Benefits If Government Continues Delays in Workers’ Contributions- Director-General

SSNIT may soon struggle to pay pension benefits if the government continues delaying public sector workers' contributions, warns Director-General Kofi…

2 Min Read

Government Misses its first half e-levy target by 87.9 million

The government missed its first-half E-levy target by GH¢87.9 million despite growth in Mobile Money transactions, raising concerns about the…

3 Min Read

Government announces the 2024 minimum producer price for shea nuts amidst over 40% drop in production. 

The government set the 2024 shea nut price at GH₵4.74/kg, but production faces a 40-50% drop due to climate change…

2 Min Read

Government Misses Borrowing Target Again, Raises GH¢5.3 Billion Instead of GH¢6.5 Billion

The government missed its GH¢6.558 billion borrowing target, raising GH¢5.3 billion, highlighting challenges with short-term borrowing and limited private sector…

2 Min Read

MoMo Agents Dominate Q2 Transactions, Handling 71% of Value and 40% of Volume

MoMo agents handled 71% of transaction value and 40% of volume in Q2 2024, with total transactions reaching GH¢661 billion,…

3 Min Read

Former Finance Minister Calls for Immediate Release of Full IMF Review Report for Transparency”

Former Finance Minister Seth Terkper urges the government to promptly publish the full IMF second review report for transparency and…

1 Min Read

Otumfuo Advocates for Stronger Private Sector Collaboration at Silver Jubilee Celebration in London

The Asantehene, Otumfuo Osei Tutu II, has proposed the 'Manhyia Special Initiative' in collaboration with Citibank and the Asante Professionals…

3 Min Read

Global market returns to normal

Gold prices stabilized on Tuesday after a significant drop on Monday due to global market turmoil and stronger US dollar,…

2 Min Read

$6.4 Trillion Stock Wipeout in Global Market plunge

Global stock markets lost $6.4 trillion due to a massive selloff triggered by fears of recession, disappointing tech earnings, and…

2 Min Read