Day: September 17, 2025

Bank of Ghana Reduces Monetary Policy Rate by 350 Basis Points to 21.5 Percent

Accra: The Monetary Policy Committee (MPC) of the Bank of Ghana has announced a significant reduction in the monetary policy rate, slashing it by 350 basis points to 21.5 percent from the previous rate of 25 percent. The decision was driven by the ongoing disinflation process. According to Ghana News Agency, Dr. Johnson Asiama, the Governor of the Bank of Ghana, explained during a press conference that the committee anticipates continued easing of inflation in the near term. This outlook was arrived at after the 126th MPC meeting, where recent economic developments were evaluated, and risks to the inflation and

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Government Reaffirms Commitment to Creative Arts Sector

Accra: Mr Yussif Issaka Jajah, Deputy Minister for Tourism, Culture, and Creative Arts, has reaffirmed the government’s commitment to developing Ghana’s film industry. He stated, “Film is not only entertainment but a mirror of our society, a vessel of our heritage, and a bridge to the world. Our stories deserve to be told, across Africa and beyond.” According to Ghana News Agency, speaking at the National Film Industry Dialogue held in Accra, Mr Jajah emphasized the government’s intention to position the creative sector as a strategic pillar for economic transformation, cultural preservation, and global influence. The event, organized by the

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Chamber of Cannabis Industry Ghana Partners with Vermont State University for Cannabis Research and Training

Accra: The Chamber of Cannabis Industry Ghana has signed a Memorandum of Understanding (MOU) with Vermont State University (VTSU) in the United States to strengthen research, training, and knowledge exchange in the country’s emerging cannabis sector. According to Ghana News Agency, the agreement marks a significant international collaboration since Ghana legalized cannabis for medicinal and industrial purposes. This partnership is expected to provide capacity-building opportunities for Ghanaian entrepreneurs, students, and professionals. The MOU was signed by Mr. Mark G. Darko, Chief Executive Officer of the Chamber of Cannabis Industry Ghana, and Dr. Philip Lamy, Professor of Sociology and Anthropology and

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Agona West Assembly Allocates GHC113,500 to Support PWDs

Accra: The Agona West Municipal Assembly has disbursed a total of GHC113,500 to 79 People with Disabilities (PWDs) to assist with their daily needs. This allocation is a portion of the District Assembly Common Fund (DACF) dedicated to supporting PWDs and their families. According to Ghana News Agency, the recipients received amounts ranging between GHC1,000 and GHC2,000, while those pursuing further education were granted GHC4,000 each to aid their academic pursuits. During the disbursement ceremony, Mr. Eric Gyamfi Odoom, the Agona West Municipal Chief Executive (MCE), emphasized the government’s commitment, under President John Mahama, to improving the quality of life

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Tourism Fatigue in Europe Presents Opportunity for Ghana, Says Tourism Expert

Accra: Mr. Emmanuel Frimpong, Founding President of the Africa Tourism Research Network (ATRN), has highlighted an opportunity for Ghana to strategically position itself in the global tourism sector amidst Europe’s current struggles with tourism fatigue. He emphasized that Ghana could establish itself as a sustainable and culturally rich destination, attracting visitors from around the world. According to Ghana News Agency, Mr. Frimpong explained that Europe is currently experiencing signs of ‘tourism fatigue’, with tourism contributing to overcrowding, environmental damage, rising living costs, and cultural erosion. He noted that many European residents are responding with protests, tourist taxes, and stricter regulations

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Anloga DCE Urges Inclusion of More Roads in ‘Big Push’ Infrastructure Initiative

Anloga: Madam Sandra Seyram Kpedor, the District Chief Executive (DCE) for Anloga in the Volta Region, has appealed to President John Dramani Mahama to consider upgrading more roads in the Anloga District under the newly launched ‘Big Push’ infrastructure initiative. Speaking in an interview with the Ghana News Agency, Mad Kpedor welcomed the President’s announcement of the ‘Big Push,’ describing it as a timely intervention to address critical infrastructure gaps across the country. She noted that while some Anloga roads were included in the project, more communities within the district also needed attention. According to Ghana News Agency, Mad Kpedor

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African and Caribbean Journalists Advocate Emulation of China’s Governance Model

Beijing: Some selected African and Caribbean journalists attending this year’s Seminar for Senior Management of Mainstream Media have advocated for the emulation of China’s governance and media content model to spur socio-economic development in African countries. According to Ghana News Agency, the journalists emphasized the need for African media landscapes to be monitored to prevent media polarization, which often leads to fragmented discourse detrimental to national cohesion and holistic growth. They highlighted that China’s political governance is characterized by a centralized and multi-level structure led by the Communist Party of China (CCP), which balances broad social voices with efficient policy

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