President John Dramani Mahama has appointed Dr James Klutse Avedzi as the Acting Director-General (DG) of the Securities and Exchange Commission, effective immediately. This follows the termination of the appointment of Rev Alfred Ogbamey Tetteh.
The nominee was not asked any questions by the committee members. Minority Leader, Alexander Afenyo-Markin only indicated that the delegation that accompanied her is formidable and proves her competence to run the Ministry.
19-member Technical Committee tasked to develop a legal and operational framework for the establishment of Ghana Gold Board was inaugurated in Accra yesterday.
Governor of the Bank of Ghana, Dr. Ernest Addison, explained that the central bank’s latest inflation forecast indicated a steady decline, with a return to the disinflation path over an extended time horizon to achieve the medium-term target of 8 ± 2 percent.
The government’s significant role in economic activity has led to substantial procurement spending, which has resulted in high debt levels. The concept of Public-Private Partnerships (PPPs) has gained popularity as a solution to this challenge. PPPs enable the private sector to participate in government projects, providing financing and technical expertise.
This reduction represents a 3.3 percent decrease within a month and reflects efforts to stabilise the country’s fiscal outlook. The decline in the public debt stock has been attributed to adjustments in external and domestic debt levels during the period under review.
President Trump said on Monday that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports.
This led to an oversubscription of 39.14 percent in the money market.
However, this forecast largely depends on the performance of the cedi.
The meeting, which was held on January 9, 2025, was regarding Ghana debt support programme.
