The Ministry of Finance (MoF) has granted letters of commencement to the three development authorities to commence the full implementation of the $1-million per Constituency pledge under the Infrastructure for Poverty Eradication Programme (IPEP) for the 2020 fiscal year. The commencement certificate makes available GH¢1.66 billion (equivalent of $320 million) for the 275 constituencies across the country. This covers $275 …

The Economist Intelligence Unit (EIU) has predicted that the Ghana Cedi will hit GHS6.50 to US$1 by 2023. This was contained in EIU’s country report on Ghana which was released on 13 May 2019. According to data from Bloomberg, the cedi has fallen by 7.3% as of Thursday, 16 May 2019. The cedi hit an all-time low on 12 March …

Ghanaian songstress, Sister Derby, has recounted how she travelled recently and nearly wept due to the depreciation of the Ghanaian cedi to the U.S dollar. According to the “Kakalika Love” singer, she is also affected by the hardship Ghanaians are complaining about under Akufo-Addo led government and she felt it to a teary level when she had to buy some …