The Finance Minister, Ken Ofori-Atta has extended an invitation to the Individual Bondholders’ Forum to discuss their petition to be excluded from the debt exchange programme. The meeting which is to take place tomorrow, follows the further extension of the invitation to sign up onto the programme. The invitation was to expire last Monday, January 16, 2023, has been extended to January 31. About The IB Forum The IBF is set up as a response to the Government of Ghana’s (GoG)proposed debt exchange

The Ghana Police Service says it is investigating an alleged narcotics incident involving some officers of the service, whose identities are unknown. The probe follows the allegations of planting of narcotics in the vehicle of a civilian, by some police officers on patrol. The Police gives his name as Dr Patrick Asiedu. In the police statement, the Service said checks at the East Legon and Accra Central police stations, the Narcotics Control Authority, and the Ghana Armed Forces, showed no records

An Accra Circuit Court, presided over by Evelyn Asamoah, has sentenced a Reverend Minister, Edward Buabeng, into a total of 519 years imprisonment. Rev Buabeng was handed down the sentence yesterday, after having been found guilty on 173 counts of conspiracy to commit a crime and defrauding by false pretences. The convict would serve eighty years on each count but the sentences are to run concurrently. Mrs Asamoah acquitted and discharged the second accused, Wilfred Brown, aged 58, and an Accountant,

The Confederation of African Football (CAF) the regulatory body for football activities on the African continent, has awarded the Black galaxies of Ghana and the entire Group C members of the ongoing CHAN tournament in Algeria three points and three goals after Morocco’s withdrawal. Following Morocco’s decision to pull out of the ongoing tournament, CAF and other officiators and match commissioners at the ongoing CHAN tournament in Algeria have decided to award Ghana, Sudan, and Madagascar

A member of the Board of Trustees of the National Cathedral, Rev Victor Kusi Boateng has vowed to sue Mr Samuel Okudzeto, the Member of Parliament for North Tongu, over “defamatory statements made against me”. The leader of the Power Chapel Worldwide, issued a statement minutes ago to debunk the MP’s allegations. However, he has decided to wait for the Commission of Human Rights and Administrative Justice (CHRAJ) to conclude its investigation before initiating the court action against the

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has described Ghana as the best place to do business in West Africa, and has urged the private sector and investors in the United Arab Emirates to make Ghana their first port of call when venturing into the Region for business. Addressing the UAE-Ghana Business Forum held on Tuesday, 17th January 2023, on the sidelines of the Abu Dhabi Sustainability Week, President Akufo-Addo stated that Government, since 2017, has put in place measures

The Vice President, Dr Mahamudu Bawumia obeserved that, Ghana, like many African countries, is blessed with an abundance of resources, but, has, over the years, not been able to translate this into the much-needed growth and development the country and continent desire, thus leaving the economy in a fragile and unfulfilled state. To avert this and and also to realise the full benefits of AfCFTA, Dr. Bawumia called for the transformation of the economic architecture, in order to meet the demands

The Vice President, Dr. Mahamudu Bawumia, has opened the 74th edition of the annual New Year School and Conference by the University of Ghana in Accra. The New Year School and Conference, which brings together stakeholders from academia, business and political leadership to discuss issues of national significance, has been held annually since the inception of the University of Ghana 75 years ago. Opening the 74th edition, Vice President Bawumia, who represented President Nana Akufo-Addo, commended

Diamond Appiah, 36, and a businesswoman, has been charged before an Accra Circuit Court for fraudulent transaction of land. She  has pleaded not guilty to the charge and has been granted bail in the sum of GH¢300,000 with three sureties, two of whom should be public servants. The prosecution Officer, Deputy Superintendent of Police (DSP) Evans Kesse, informed the court, presided over by Her Honour Evelyn Asamoah yesterday that the complainant is Ayisha Modi, a Businesswoman and lives at Adjiringanor

Due to the impending Africa Cup of Nations (AFCON) qualifiers in March, the Minister of Youth and Sports, Mr Mustapha Ussif, has told Parliament that there will be a Coach for the Black Starts before March 2023.  “…I know that we have an assignment in March and we need to have a head coach in place so that he can start preparing to get the team in place for the AFCON qualifiers, which is going to take place in March. So indeed, the country should be assured that the FA is working

THE management of Ghana COCOBOD says it suspects a calculated attempt by powerful forces to undermine Ghana’s effort at producing cocoa to the benefit of her citizens. This follows a report carried by Doha based international media network, Aljazeera, which sought to portray Ghana as using children, as young as four years, to work on cocoa farms. This claim has, however, been denied by the farmers, saying it was stage managed for the cameras. According to COCOBOD management, the report cannot

Gregory Francis Asianab Afoko has finally opened his defense, after almost eight years since his arrest, which is in connection with the alleged murder of the late Upper East Regional Chairman of the New Patriotic Party (NPP), Adams Mahama. Being led by his defense counsel, Stephen Sowah, to his give evidence-in-chief at the General Jurisdiction of the Accra High Court yesterday, Afoko said he was informed by investigators in the case that his fingerprints did not match the incriminating evidences

The Minority in Parliament has called on the government to suspend the Debt Exchange Program (DEP) and engage affected persons and stakeholders first. “…We in the National Democratic Congress (NDC), the Minority group, call on the President, Nana Addo Dankwa, to immediately suspend the ongoing Debt Exchange Program …He should suspend the initiative and engage in deeper consultation and allow for greater transparency…,” Minority Leader, Mr Haruna Iddrisu said at a

The Public Utility Regulatory Commission (PURC) has explained why it has decided to adjust tariffs for water and electricity for the first quarter of 2023. According to the Commission, the idea is to reduce losses being incurred by the utility companies. The commission has increased average end user tariffs for electricity to 29.96% across board for all consumer groups, while water has also been increased by 8.3%. PURC has, however, approved varying rate adjustment including some reductions for

The Gyasehene of the Apinto Divisional Stool, Nana Dr. Kwabena Adarkwa Bediako III, has warned that Tarkwa, a mining community in the Western Region, may not be able to continue to offer its land and resources anymore for the development of the country, if their development needs were not addressed. According to him, gold had been mined in the area for 170 years, yet they were not seeing any tangible development. Speaking in an interview with journalists at Tarkwa, he said 5% of Ghana’s Gross

The Office of Registrar of Companies (ORC) has warned that failure to file annual financial statements would result in penalties being imposed on the defaulting companies. This would be the first time that the ORC is fully implementing section 126(7) of the Companies Act, 2019 (Act 992), which states: “Where a company defaults in complying with the filing of Annual Returns and Financial Statements, the Company, and every officer of the company that is in default, is liable to pay to the

Mr. Martin Kyere, a survivor of the unlawful killings of about 44 Ghanaians in The Gambia in 2005, is scheduled to appear before a German court this week. He is to testify against Bai Lowe, one of the alleged perpetrators of the killings. Lowe, who had left the Gambia to seek asylum in Germany was arrested in Hanover, Germany, in March 2021 under the international criminal law principle of universal jurisdiction and charged with murder, attempted murder, and crimes against humanity. One of the

The Paramount Chief of the Nkusukum Traditional Area in the Mfantseman Municipality in the Central Region, Nana Okese Essandoh IX, has officially been gazetted by the National House of Chiefs, Kumasi. The official gazette has given national recognition to his successful enstoolment as the legitimate as well as the only recognised paramount chief for the paramountcy, whose name has been entered into national records. The official gazette is expected to end a 13 year old protracted chieftaincy dispute

As part of measures to address the current economic crisis, the government launched the Domestic Debt Exchange Programme on December 5, 2022. Pursuant to that, the government invited certain holders of approximately GH¢137.3 billion of the principal amount outstanding of certain domestic notes and bonds issued by the government, E.S.L.A. Plc or Daakye Trust Plc (the “Eligible Bonds”). They were to exchange their Eligible Bonds for a package of new bonds to be issued by the government.

The Queenmother of Sunyani, Nana Akosua Dua Asor Sika Brayie II, has hinted at a 5-year development plan for a new Sunyani. Addressing the media at the enstoolment of Sunyani Gyaase sub-chiefs, she said; “There is a decision to make Sunyani an enviable town amongst its peers.” According to her, the 5-year development plan for the new Sunyani was an agenda to project the town to the outside world. She said that as part of the 5-year development plan, there was an initiative to clean up Sunyani