News & Events
Hold ‘corrupt’ officials accountable   
2017 Annual Internal Audit Conference   
Challenging Heights Calls For Government Action To Address Human Trafficking   
Ghana is broke - ISODEC   
"Ghana Becoming Hub Of Traffickers"   
Election 2016: Council of State backs November 7 date   
Government must stop payment of MMDA’s bills – ECG   
New Power Subsidies Will Amount To Nothing - Wereko-Brobby   
Nigeria: EFCC finds N2.5b in former Aviation Minister housemaid’s account   
China jails ex president’s aide for corruption   
Fraud at KATH as patients are made to escape paying bills   
Ghana’s inflation to decline soon with IMF program – US Ambassador   
Gov’t downplays investors anxiety ahead of Nov polls   
ECG recovers GH¢40 million in 10 months   
PAC accuses COCOBOD of perjury   
Pressure on SADA management led to financial impropriety’   
“Ive Never In My Life Believed In Corruption...If You Have Short-Changed The Treasury, You Will Be Caught” – Prez Buhari   
DVLA targets capital market   
DVLA targets capital market   
GNPC denies overspending its 2015 budget   
Hardship in Ghana due to corruption, bad economy – Akufo-Addo   
PAC issues ultimatum to EC over ‘unaccounted’ ?1.6m   
WAPCo cuts gas supply to Ghana over unpaid debts   
What happened to Probity and Accountability in the 4th Republic?   
CHRAJ vows to assert independence in Mahama - Ford saga   
COCOBOD begins road show for $2bn syndicated loan   
Ghana Shippers’ Authority Accused Of Financial Impropriety   
Gov’t To Issue 5-Yr ?500m Bond In Search Of Cheaper Funds   
“Gift Is Another Way Of Bribery And Corruption” – Amoako Baah Tells Mahama   
Gift saga: Burkinabe contractor pulls out of GHC82m tender   
Govt Borrowed GH¢1.57bn In Notes Alone In May   
Interior Ministry ordered to supervise BNI, National Security   
Lawyer suspended 3-years for duping client of GHc50,000   
Parliament approves US$832m tax waiver on US$1.5bn project   
PURC Spends GH?99,000 On Christmas Hampers   
'Political investors' entrenching corruption – Kan-Dapaah   
Parliament grants conditional approval to GNPC   
Gov’t Spent $99m To Import Pre-Paid Meters – Jinapor   
Gov’t to issue US$2bn bond to help clear power firms' debt   
$9.9m contract with DVLA is legal – Foto-X CEO   
A-G Directs ¢15.5m Refund In Drivers’ Licence Printing Contract   
Grand Theft: Former PUSAG President, Others Stand Accused   
Look within for solution to joblessness – Tony Elumelu   
US$1.5bn Tema Port Expansion Project .... Two-thirds of project cost waived from tax   
Gov’t must account for $53m World Bank cash – Titus Glover   
Gov’t spending ‘terrible’ – ICAG Prez   
Treasury returns GHC815m to investors in 3months   
Two GES officials arrested for illegally recruiting 100 teachers   
COCOBOD Blows $20,000 On Signing Ceremony   
STATEMENT: Mahama Borrows $18bn And Invests $150m   
ICAG President calls for reforms   
Nigerian businessman, Dele Momodu praises Mahama’s corruption fight   
Africa won't fall back into 1990s-style debt trap: AfDB   
Government secures $24.5m for Komenda sugar factory   
U.S. company swindles BOST of $109 million   
Ghana Alone Owes Over 10% Of Africa’s $35bn Eurobond Debt -79% Contracted Under Mahama   
Gov’t to issue bonds to settle indebtedness to BDCs   
IMF programme yielding good results—Financial Analyst   
We aren’t conniving with gov’t to cheat consumers – ECG   
ACH Direct Credit hits 5.7bn in first 4mths   
AfDB embarks on ambitious plan   
Gov’t fails to raise GHC500m 3-year bond   
‘Africa Is Rising’ – President Mahama   
ECG: We Are Not Sabotaging Gov’t   
GIFEC must diversify funding sources—Ato Sarpong   
Gov't issues GH¢500m bond again   
Gov't issues GH¢500m bond again   
Huge Gov’t Debt Affects WAPCo   
Punish officials who embezzled cash – PAC to AG   
Skills Dev’t Budget Expected To Rise To GH?700m   
‘Sweetheart’ Deal In Smarttys GH¢3.6m Scandal   
100 Thieves Steal $13m In Three Hours From Cash Machine Across Japan   
Africa losses US$38b to tax evasion—report   
Coal power plant to cost US$1.5b   
Government Intensifies Fight Against Pair Trawling   
Five laws deliberately broken in Smartty's deal – Ace Ankomah   
Gov’t to receive $10 million to fix flooding issue   
Money for 84 MMT buses not wasted – Tetteh Chaie   
Afriwave Can Save Tax Payers Millions Of Cedis   
Chop Chop At Health Workers Union   
Four Accounting Hacks That Keep Small Businesses Afloat – And Profitable   
GH?360m needed for youth dev’t   
GH?360m needed for youth dev’t   
Ghanaians Brace Up For The Worst - IMF Urges Fiscal Discipline   
ICU & GAWU Shield Us$50Million German Debtors To COCOBOD   
Rot At B/A Ghana Water Company (1): Mg’t Blows Millions ...On Ghost Projects   
‘Only 10% of salaries will go to e-zwich cards’   
Dead employee withdraws GHc20,000 salary at Lands C’sion   
Konadu: 'Deeply corrupt Ghana sinking'   
National Single Window yields positive results   
National Single Window yields positive results   
Pay $400m Debt To ECG – Akosa Tells Gov’t   
Stop Sole Sourcing Contracts – Konadu To Gov’t   
The Corrupt Practices In Prez Mahama's Govt Amazing - PC Appiah Ofori   
UK Gov't Has No "Moral Right" To Lecture Us On Corruption - Fred Agbenyo   
‘Cashless economy will help cut BoG cost’   
AGI: Business confidence in Ghana up   
BNI pursues 64 fake teachers in Northern Region   
CEPS tightens borders against smugglers   
Fight against corruption must start from the presidency - Prof Adei   
Ghana has woefully failed in corruption fight – GII   
Ghana’s public debt hits GHC99.9bn   
Oil rises to highest price since October 2015   
Serious fraud in teachers recruitment - Haruna   
I’m Fighting Corruption Better Than Other Regimes – Prez Mahama   
I’ve Never Taken Bribe! Mahama In London   
Inflation uncertainty heralds MPC meeting   
Invest to grow local economy—Israeli Amb. tells Ghanaians   
AfDB to uncover strategies for Africa’s transformation   
Anti-corruption institutions weak – Rawlings, Rowley   
Unemployment threat to national security – Haruna Iddrisu   
We’ll strike again if… – JUSSAG   
Declare Commitment To Fight Corruption – Civil Society Group Tells Mahama   
IMF bailout: Ghana scores high marks on 3rd review   
Nigeria’s Buhari to Cameron: Don’t Apologize, Just Return Our Stolen Assets   
Angry banks chase TOR over unpaid debts   
Chamber of Commerce inaugurates council members   
Diverting US $250m Into A Private Acct....Gov't Replies Bawumia   
Dzifa Attivor Exposed Over GH¢3.6m Smarthy’s Deal   
Small-scale mining provides 1m jobs   
Without strong SMEs, the future won’t look encouraging — Jon Benjamin   
Bankers show faith in economy   
Bus re-branding: A-G denies OccupyGhana access to investigative report   
Civil servants must act to boost trade facilitation—Spio-Garbrah   
Ecobank targets more growth ...as shareholders laud the bank’s 2015 achievements   
Good times for money market mutual funds   
Job Cut In 2017 – Bawumia   
N-Gas Gives Govt Ultimatum: Pay $100m Debt In 2 Weeks Or   
Transport Minister justifies airfare tax …as necessary to plug budget deficit   
Agribusiness has potential to generate US$5bn   
BoG initiates reforms   
Capital Markets – A panacea in the new economy   
Deal With Stress – Employers Told   
TOR to be debt-free in 10 years – Awuah Darko   
First oil from OCTP expected in Aug next year   
Workers Without e-zwich Account Will Not Be Paid   
Adopt solution minded attitude -- Capital Bank CEO   
De-emphasise GDP as a measure of economic well-being – Experts   
Government Spends 12.9 Million Dollars On KNUST Labs   
Journalists Must Hold People Accountable – British High Commissioner   
Time For Media To Focus On Transparency And Accountability In Governance   
TOR to clear debt in 10 yrs – CEO   
Agriculture sector continues to grow steadily – Terkper   
Bankers Urge Ghanaians To Take On Retirement Plans   
COCOBOD Workers Defend Opuni . . . Debunk Negative Claims By ICU, GAWU   
Economy grows slowest in 15-yrs   
Fertiliser subsidy could take a hit …but farmers say “We expect nothing less than 180,000mt”   
Lawyers urged to incorporate rules of int’l arbitration   
Menace Of Money Laundering Increasing   
NHIA allocates GH¢11.8m for district health projects   
Files Vanish Under Strange Circumstances At Courts Registry   
Flagbearer of the Progressive Peoples Party (PPP), Dr Papa Kwesi Nduom has lamented over the “reckless borrowing” of the Mahama-led administration, which has taken Ghana back to Highly Indebted Poor Country (HIPC) status.   
Ghana Back To HIPC Under Mahama – Nduom   
IEA Organizes National Stakeholder Forum Ahead Of Nov 7 Polls   
‘Create database to capture tax evaders’   
15,000 jobs to be created under Industrial Park project   
Government Supports KNUST With US$12.9M   
Governor pledges to pursue SMEs growth   
Main Bearing Of FPSO Damaged   
Understanding key macroeconomic statistics … Gross Domestic Product and Rebasing   
US supports agric sector with US$38m   
Alban Bagbin champions state funding for political parties   
Auditor-General cites 10 polytechnics for financial irregularities   
Economy set to create more jobs as new projects come on stream – Gov’t   
GHc500m domestic bond ill-timed — Economist   
Petroleum Commission Clarifies Factors Leading To Extended Shutdown of FPSO Nkrumah   
Victims Of DKM To Demonstrate Against Prez Mahama   
Ghana ranks 2nd among highest interest rates countries   
Ghana taking ‘correct pain’ - Rand Merchant Bank   
Gov't sells GHC1.123bn 3-year domestic bond at 24.5% yield   
Gov’t sued over Volta flooded lands compensation   
ICAG urges women to take leadership positions   
ICU/GAWU Threaten To Expose Rot At Cocobod   
Make public sector attractive – Minister   
New projects to create more jobs — Government   
Nursing and Midwifery Council blows GHC600K on CCTVs   
Unemployment is time bomb — GCPP   
Mahama appoints 2nd deputy BoG governor   
Mismanagement at the Judiciary shocks PAC   
PAC shuts door to journalists over Audit Report   
Supreme Court strikes Woyome   
7 Listed Banks Record Huge Losses On GSE   
Blame Parliament for Ghana’s woes - Minority leader   
Ghana’s economy growing above Africa's average - Mahama   
Judicial bribery scandal: 2 Judges fired   
NADMO dragged to court over GHC40.1m debt   
Nine Firms Take Over Tier Two Pension Scheme   
Accounting to the People Tour abuse of incumbency - GII   
Parliament failing to check gov't expenditure – Minority   
35,000 Names expunged from NSS payroll   
Corruption, tribalism “twin evils” of Ghana’s unemployment – Nduom   
Fiifi Kwetey swerves PAC for 'Accounting to the People's Tour'   
Ghana Fails In MDGs 4 & 5   
Kofi Adda slams 'reckless NDC' for mortgaging Ghana’s oil   
PAC Directs Transport Ministry To Retrieve GH¢82,595 From Ecobank   
Prez Mahama Inaugurates Unit Of Asogli Phase II   
Gov’t cuts spending by GH¢1.5bn   
It Will Be A Waste Of Time To Appeal - Woyome's Lawyer   
I'm Happy Woyome Is Free...He's Not The First To Steal From State Coffers - Akua Donkor   
Occupy Ghana Demands $100,000 Payment From Oteng-Adjei For Keeping Luxury Vehicle   
450megawatts barges: Government likely to break April promise - ACEP   
I won't manage 'dumsor'; I will fix it - Mahama reiterates   
Unemployment Suffocate Ghanaians   
Customs To Destroy Over 2,000 Seized Used Mattresses   
Ghana ranked 3rd least corrupt African country – Report   
Gov’t secures lower than expected yield on 3yr bond   
Terkper: Gov’t disagrees with IEA’s dire economic projection   
Workers on circle Interchange embark on sit down strike   
New Kotoka airport terminal to begin March   
Public Debt Reaches GH¢76.1bn   
Rot At MASLOC: 3 Officials Dismissed   
IMF team arrives to quicken negotiations on bailout talks   
MASLOC reacts to fraud allegations; condemns vilification by Daily Graphic publication   
Petroleum Ministry to talk Tullow out of plans to lay off workers   
Retiring workers immuned from second-tier Pension Scheme   
IMF team arrives in Accra on Wednesday as bailout talks near completion   
Plans to reduce petroleum prices in February uncertain   
Rot at MASLOC ; Operations director diverts GH¢1m to 2 financial firms   
Stop Overvaluing Cedi – Gov’t Told   
Speaker calls for urgent meeting; On disregard for financial laws by public institutions   
BNI recovers GH¢15m from indicted NSS officials   
Govt asks GNPC to fund power barges to minimise ‘dumsor’   
IEA decries current rate of govt borrowing   
2015 budget lacks bite -- Policy think tank   
Ghana’s Economy Heading For A Crash – Dalex CEO   
World Bank approves US$150m in support of higher education   
Ayariga: Black Stars deserve $25,000 bonus   
French Chamber of Commerce hosts experts to deliberate on economy   
Gov’t, IMF talk crude oil price fall   
Terkper bemoans lack of capacity of revenue agencies   
Export fund earmarks GH¢2m for startups owned by graduates   
MMDAs crucial in job-creation   
Provide subsidies to domestic industries -- GUTA President   
Reduce Fuel Prices Further – GUTA To Gov’t   
Dumsor: 90 megawatts diesel plant to serve mining sector   
Ghana earns $2.5b from exports – Report   
Ghana Integrity Initiative forms Auditing Clubs in Upper East   
No strong CSOs in Ghana to hold govts accountable   
Prez Mahama rallies ECOWAS to meet timelines for adoption of single currency   
Step up revenue collection performance – Terkper   
Revealed: Housing project behind SIC troubles   
SIC to fold up over GH?91m debt?   
Taskforce seizes 410 pieces of textile   
Bawjiase Home Boss Freed   
Court to rule on motion by BoG on February 16   
New ‘Dumsor’ timetable out …As ECG plans predictable power supply   
Passengers opt for Kotoka …as service providers increase investment   
Sports Ministry not involved in flying fans to Eq. Guinea – Ayariga Mahama Ayariga   
AGI demands timelines on dumsor …as manufacturing sees negative 8% growth in 2014   
Ato Ahwoi to chair Ghana Infrastructure Investment Fund   
GETFund to improve infrastructure at Kpembe Health College   
SIC boss sacked   
"WAEC Must Investigate Fraud Allegations"   
Efficient ADR practice in private sector good for investor confidence - Judge   
Quality Education; Key to National Dev’t   
GHS60, 000 seed fund for Ghanaian ‘Digital Entrepreneurs’   
Reveal true state of economy   
We’re mindful of safety, security at Atuabo Gas   
GNPC defends $700m loan   
Apology of a road! …toll booth amidst potholes on Amrahia-Dodowa Road   
Court warns Woyome’s followers   
NCA asked to come up with guidelines   
SSNIT owns 40% in West Hills Mall   
‘Manholes’ take over roads; asphaltic overlays for five cities   
CAGD gives final deadline to ‘zero account’ employees   
ECG cuts power to Kumasi Poly over GH¢3 million debt   
‘Involve AGI in discussions with IMF’   
AngloGold denies sacking 5,300 workers   
 

Economy set to create more jobs as new projects come on stream – Gov’t

Posted : April 26, 2016

Government says that the economy is set to create more jobs in both the formal and informal sectors as various Ministries, Departments and Agencies complete different pipeline projects and implement new interventions.


“With the economy having achieved considerable stability and expansion in addition to demonstrating resilience in the face of global economic challenges on the commodity market and the coming on stream of pipeline projects, we are convinced the recent discussions and concerns raised about the issue of job-creation can be beneficial if it is situated within the context of specific measures taken to address the longstanding global and national challenge of unemployment,” said a government statement issued in Accra at the weekend.


Several interventions aimed at creating more jobs, as well as helping the private sector to expand and create job opportunities for the youth, have been initiated. While acknowledging the need for all stakeholders to do more to curb unemployment, we wish to give an account of some specific efforts in this regard; not only to serve as an update, but also to guide the youth seeking employment to explore the opportunities available.


Through direct government interventions and partnerships with the private sector, numerous jobs that have been created are as follows:
Between 2013 and 2015, government through the Export Trade Agricultural and Industrial Development Fund (EDAIF) supported local industries to the tune of GH?245.4million. This amount funded over 125 different projects in the pharmaceuticals, rice, shea-nut, poultry and textiles industries among others, thereby creating jobs for thousands of Ghanaians;


The Skills Development Fund, implemented by COTVET, has disbursed GH?150million to 654 businesses, which have trained 93,600 people in vocational and technical skills across various sectors of the economy. A total of 43,485 businesses have also received support under the Fund; the printing and distribution of over 100 million exercise books under the free exercise books initiative has created thousands of jobs since its inception in 2010. The GH?100million worth of contracts for local printing of textbooks for schools will in addition create jobs for 4,000 people. Duties on importation of raw materials for printing textbooks have been removed to incentivise the industry; and the distribution of over 2 million school uniforms under the Free School Uniforms Programme has also created thousands of jobs for people engaged in the production of these uniforms in the textiles industry.


Additionally, the following programmes have created the corresponding number of jobs:
Under the Free Zones Board, a total of 69 companies were established between 2013 and 2015 -- leading to the employment of 16,372 people;
The Youth in Agriculture programme employed 23,000 youth in 2013, bringing the total number of young farmers in the programme to 81,150;
The National Vocational Training Institute (NVTI), Integrated Community Centres for Employable Skill (ICCES) and Opportunities Industrialisation Centre (OIC) have employed 21,802 people.

The Graduate Business Support Scheme run by the Ministry of Employment and Labour Relations has engaged 2,000 people;
The Department of Cooperatives registered a total of 1,757 Youth Cooperatives in 10 Regions with a total of 34,657 jobs created;
The Rural Enterprise Project created 21,045 jobs across the country between 2013 and 2015; ? GRATIS foundation under the Ministry of Trade and Industry also created 500 jobs through the production of over 1,000 agricultural implements; and
The Micro Finance and Small Loan Centre (MASLOC) has advanced micro credit to a total of 190,607 beneficiaries between 2010 and 2015. This has enabled the beneficiaries to set up micro businesses which are offering jobs to themselves and others. They have also distributed 953 vehicles for commercial transport, 25 tractors for agricultural use etc.


Apart from these state sponsored employment creation ventures, both direct and indirect jobs have been created through opening the under listed state-owned companies or public private partnerships since 2010: 
Kumasi Shoe Factory (DIHOC) – 200 jobs created;
Ghana National Gas Processing Plant, Atuabo -- 265 jobs created;
The Oil and Gas Sector since 2010 -- 7,000 jobs created;
Shea-nut processing plant at Buipe -- 50 permanent staff (and 2,000 shea-nut pickers).

 

 Notwithstanding the numerous verifiable job avenues that have been created over the past three to four years under the leadership of President John Dramani Mahama, this year brings more prospects for our enterprising youth ready to put their skills and industry at the disposal of the nation.  Government has this year begun rolling out a number of interventions aimed at absorbing the youth. These include are but not limited to:


  The Youth Entrepreneurial Agency (YEA) is in the process of employing a minimum of 100,000 youth under the following modules:

 

Module                               Number of People to be Recruited

Sanitation                                                                    45,000

Security Services Module                             5,000

Community Teaching Assistants                10,000

Paid Internship                                                          5,000

Health Extension Workers                           10,000

Youth in Agric and Agri-Business               20,000

Trades and Vocation                                        20,000

Vacation Jobs                                                                   5,000


Also, the completion of major industrial projects this year will unleash more jobs:
The Business Process Outsourcing Centre near the Kwame Nkrumah Interchange has been completed and will create 10,000 direct and indirect jobs.
Another IT-Enabled Services Centre has been completed by the Ministry of Communications at the Tema ICT Park in the Free Zones Enclave, and is already employing about 250 people; ?
The Komenda Sugar Factory will also create 7,300 direct and indirect jobs (including outgrowers of sugarcane to feed the factory);
The new Fish processing factory at Elmina will create 2,500 direct and indirect jobs; ? Tema Harbour Expansion will create 3,000 jobs
Takoradi Harbour Expansion will create 3,000 jobs


Over 400,000 professionals such as architects, engineers, quantity surveyors, masons, carpenters, welders, steel benders, electricians and painters, among others, are currently employed at various sites where direct government investment in the construction of hospitals, roads, schools, water, energy, housing and market projects are underway.  When these projects are completed, teachers, nurses, engineers, doctors, pharmacists and other professionals will be recruited to work in these facilities. These projects also have places for semi-skilled and unskilled labour. 


This government is empowering Ghanaian youth and business people to be more entrepreneurial and innovative through targetted policies and programmes. The first batch of 107 beneficiaries of the Youth Enterprise Support (YES) has received financial support to establish and grow their own businesses after receiving intensive training and mentoring in business management. The implementation of the President’s directive for GH?100million worth of textbooks for schools to be printed locally is one such sign of empowerment being offered local businesses. This directive alone creates jobs for an estimated 4,000 people.  As an additional motivation, duties on importation of raw materials for printing textbooks have been removed to boost the local printing industry to expand and employ more people.


Jobs have also been created in the Agriculture Sector. The 2016 State of the Nation Address delivered by President John Dramani Mahama recounts a number of initiatives as part of government’s transformational agenda in the area of agriculture with job-creation as a core objective. Notable among them is included:


Distribution of 110 million cocoa seedlings to farmers, at no cost, in the 2014/2015 and current 2015/2016 crop season. This has created 9,000 jobs across 418 nursery sites; ? government is encouraging more people able and willing, especially the youth, to enter into cocoa farming.


Government through COCOBOD has put together a motivation package to boost early growth and substantial return on investment. This package includes provision of effective extension support, free cocoa seedlings and free sulphate of ammonia fertiliser; ? Since the programme was launched in 2014, over 30,000 youth have signed up in the Ashanti, Central, Eastern and Western Regions;


This year, 5 million improved, early-maturing and high-yielding coffee seedlings are being raised and supplied to farmers.  The supplies will be substantially increased every year to ensure that coffee production increases from the present 6,000 hectares to 100,000 hectares of coffee farms in some targetted locations by 2021.


 These locations are in, but not limited to, parts of the Volta, Eastern, Central and transitional areas of the Ashanti and Brong Ahafo Regions: such as Techiman, Wenchi, Bechem, Nkoranza, Atebubu, Kwame Danso, Drobo, Akomadan, Offinso, Jamasi, Asante-Mampong, Kete Krachi and Dambai. Thousands of jobs will also be created along the coffee value chain;


 The pilot-phase of the Ghana Broiler Re-vitalisation Project was launched in July 2014.  A total of 650,000 birds were raised, processed and sold by 2015.  This created 350 direct jobs and 7,800 indirect jobs for poultry farmers and the youth along the poultry value chain;


 The Ministry of Fisheries and Aquaculture Development is supporting the establishment of a Shrimp Project to promote processing and production for the Ghanaian market and for export. Production of fingerlings, laboratories, fish-feed factories, production ponds, processing and marketing facilities will be located in parts of the Greater Accra, Volta and Eastern Regions. The project will create 76,000 direct and indirect jobs. Production is estimated to be 30,000 metric tonnes and projected export revenue ranges between US$60million to US$200 million.  The project is expected to commence by close of this year;


 Similar initiatives in oil palm and shea production will soon be launched.


These offer ample proof of both government’s commitment to create more employment opportunities for the youth and the pragmatic steps being taken to reduce this perennial global challenge to the barest minimum.


The Role of the Private Sector: Government duly acknowledges and welcomes the private sector’s role, both formal and informal, in creating jobs, and remains confident that with the resolution of power supply shortfall and relative stability of the macroeconomic environment, the economy will expand between now and the years ahead -- leading to massive job-creation and economic empowerment for all.  We shall continue to collaborate with the private sector in this endeavour.


The optimism is also shared by our development partners.


The World Bank: It will be recalled that barely two weeks ago (12th April, 2016) the World Bank was on record to have stated in a report on Ghana’s economic outlook that, “Ghana’s real gross domestic product (GDP) growth is projected to rebound to 5.2% in 2016 from 3.4% in 2015 reflecting the positive impact of a more stable energy supply and increased contribution from the oil and gas and agriculture industries. Energy supply is expected to improve following the emergency measures including the use of power barges. The country’s medium-term growth prospect is strong with 8.2% in 2017 and moderating to 7.5% in 2018 under the assumption that fiscal adjustment remains on track with support from the International Monetary Fund (IMF) and other development partners.

 

Brighter Prospects


In conclusion, the government of President John Dramani Mahama remains committed to fiscal discipline even as we implement zero percent (0%) financing from the Bank of Ghana, the lender of last resort. We will sustain the gains and ensure they translate into more jobs to empower the citizenry. Let us continue to be hopeful; for just as many have been employed in both the public and private sectors, there are many more job opportunities in the months and years ahead, the statement concluded.
 


Source: thebftonline | Ghana

 

© 2008 - Internal Audit Agency. Website by PROWEB Solutions
Staff Only -»