A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […] The post Many
The Ghana Mineworkers’ Union of the Trades Union Congress, has announced plans to stage a five-day protest at the Ministry of Lands and Natural Resources and the Jubilee House beginning on Monday, April 15, 2024. Their stance is to pressure the government into revoking the mining lease of Future Global Resources Limited, operators of the […] The post Mine
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has revealed that the central bank intends to hand over the Gold for Oil programme to a commercial bank to operate. This, he said, would allow for the BoG to focus on its core mandate. Asked by Buem lawmaker Kofi Adams whether this programme is […] The post Bank of Ghana seeking to hand over Gold for
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has assured the Public Accounts Committee (PAC) of Parliament that by next year the central bank will see a huge jump in its holdings of gold due to the Gold For Reserves programme. He said that the full benefits of the programme have not […] The post Governor Addison assures PAC of ‘a big jump’ in BoG’s holdings
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […] The post Ghana’s
Award-winning Ghanaian gospel singer Joseph Matthew has claimed to be the originator of Afro-Gospel music. Afro-Gospel is a vibrant blend of African rhythms and instrumentation with Christian themes. Speaking in an exclusive interview with GhanaWeekend, Joseph Matthew said,” I’m the originator of Afro-gospel music…Afro-Gospel genre never existed… When I released my first song ”Nyame Ye” […] The post I’m
A UK-based Nigerian travel content creator and solo driver has finally reached Lagos after a 68-day journey driving from London to Nigeria. Pelumi Nubi, who announced her ambitious road trip in January, was welcomed by Nigerian officials upon her arrival at the Nigeria border with Benin on Sunday. The 28-year-old solo traveller’s arrival was broadcast […] The post Nigerian
The Bank of Ghana (BoG) has revealed that it has reduced the scale of certain facilities in its controversial new head office, currently under construction. The BoG faced significant criticism over the construction of the new headquarters, with the Minority in Parliament demanding the removal or resignation of Governor Dr. Ernest Addison. Speaking before the […] The post Facilities
Despite millions of dollars invested in Ghana’s health systems to combat HIV, tuberculosis, and malaria, life-saving drugs and healthcare products for these ailments have been stuck at the Tema Harbour for over ten months. For those who depend on these medicines, the continued delay in clearing these medications put their lives at risk. Ghana is […] The post Stuck
Despite millions of dollars invested in Ghana’s health systems to combat HIV, tuberculosis, and malaria, life-saving drugs and healthcare products for these ailments have been stuck at the Tema Harbour for over ten months. For those who depend on these medicines, the continued delay in clearing these medications put their lives at risk. Ghana is […] The post Global
The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama has said that requests from the Ghana Grid Company (GRIDCo) for load management have become an irritation to customers. He explained that the requests have become so frequent that they are now a source of disturbance to customers. This is contained in […] The post GRIDCo’s
The Local Organizing Committee (LOC) for the African Games has decided to compensate volunteers for the just-ended African Games held in Accra with an allowance of GHS1,000.00. This follows protests by the volunteers over unpaid stipends allegedly promised to them by the organizers. Some of the volunteers reportedly have to hold the Minister for Youth […] The post African
The Mines and Energy Committee of Parliament has tasked the Electricity Company of Ghana (ECG) to fast-track processes to ensure that consumers receive a load-shedding timetable in the coming days. At a crunch meeting with stakeholders in the energy sectors in Accra, the Chairman of the Committee, Samuel Atta Akyea, told the media that the […] The post Energy Committee tasks ECG to
A private legal practitioner and a lecturer at the University of Professional Studies (UPSA) Law School, Albert Quashigah, has stated that Article 14 of the Children’s Act 1998 (ACT 560) cannot be applied to the Nungua child marriage between the 63-year-old Gborbu Wulomo and Naa Okromo. The GaDangbe Traditional Council, after receiving several backlash from […] The post Nungua
The former head of Nigeria’s central bank governor is expected to appear in a court in Lagos on Monday after fresh charges alleging misuse of office and corruption were filed against him by the anti-corruption agency on Friday. Godwin Emefiele is already facing procurement fraud charges in another court in the capital Abuja. He has […] The post Nigeria files fresh
Hearts of Oak endured another setback in the Ghana Premier League as they succumbed to a defeat against Bibiani Goldstars at the Accra Sports Stadium on Sunday evening, marking their second consecutive loss. Following their previous defeat against league leaders FC Samartex, Hearts of Oak aimed to rebound, but Goldstars proved to be a formidable […] The post Hearts of Oak record
The Ghana Union of Traders’ Association (GUTA) says the proposal by the Flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, to implement a new flat tax regime along with a tax amnesty is a step in the right direction, which the Union says, will significantly boost their businesses to grow. As part of […] The post GUTA welcomes Bawumia’s proposal for tax amnesty &
Food charity World Central Kitchen (WCK) has called for an independent investigation into the killing of seven of its staff by Israeli drone strikes in Gaza. It comes after the Israel Defense Forces (IDF) said “grave mistakes” led to the fatal targeting of the workers. An Israeli military inquiry led to two senior officers being […] The post Gaza: Israel
Executive Director of Child Rights International, Bright Appiah, has revealed that the girl at the centre of the child marriage controversy is 15 years old, not 16 as previously claimed by the Nungua Traditional Council. The 63-year-old Gborbu Wulomo, Nuumo Borketey Laweh XXXIII, has faced significant backlash after a video of him marrying the minor, […] The post Girl
Somalia has announced the expulsion of Ethiopia’s ambassador from the country amid rising tensions over a port deal dispute in the breakaway region of Somaliland. Ethiopian Ambassador Mukhtar Mohamed was sent home for consultations, the office of Somalia’s prime minister said on Thursday. Mogadishu is also shutting down Ethiopia’s consulates in Hargeisa, the largest city […] The post Somalia
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