Accra: The Trades Union Congress (TUC) has appealed to the Government for a comprehensive reset of the pay regime to align with the current economic conditions in the country. This request arises from the ongoing economic challenges faced by Ghanaian workers, characterized by rising living costs, inflationary pressures, and diminishing real incomes. According to Ghana […]
Production
Government Pledges to Enhance Working Conditions and Job Creation
Hohoe: Mr. James Gunu, the Volta Regional Minister, has announced the government’s commitment to strengthening dialogue with stakeholders to ensure that job creation, wage adjustments, and improved working conditions are realized. He emphasized that these objectives should become tangible realities, not just aspirations. According to Ghana News Agency, Mr. Gunu, speaking at the Volta and […]
No Petroleum Revenue Allocated to Industrialisation in 2024: PIAC
Accra: The government did not allocate petroleum revenue to industrialisation in 2024, despite identifying it as a priority, the Public Interest Accountability Committee (PIAC) has observed. According to Ghana News Agency, the committee noted that allocations to the Industrialisation Priority Area have been declining and consistently receiving the least Annual Budget Funding Amount (ABFA) since […]
Ghana Records Second-Highest Annual Petroleum Receipts Amid Favorable Market Prices
Accra: Ghana’s petroleum revenues for 2024 rose by 27.8 per cent to US$1,357,793,869.40 from US$1,062,323,419.12 in 2023. The increase, driven by higher global oil prices, marks the second-highest annual petroleum receipts, with 2022 remaining the highest at US$1.42 billion. According to Ghana News Agency, despite increased petroleum revenues, Ghana’s oil production continues to decline, falling […]
Dr. Patrick Nomo Returns as Chief Director of Ministry of Finance
Accra: Dr. Patrick Nomo has resumed his role as Chief Director of the Ministry of Finance, two years after his transfer to the Ministry of Environment, Science, Technology and Innovation. He takes over from Ms. Eva Mends, who he handed the baton to in April 2023. Dr. Nomo and Ms. Mends both served as Directors […]