A federal appeals court has upheld R. Kelly’s 20-year prison sentence in Chicago for federal sex crimes. The 7th Circuit U.S. Court of Appeals has ruled against R. Kelly’s legal team’s arguments that his indictment on child enticement and child pornography charges were filed after the statute of limitations lapsed. His legal team was seeking […] The post R Kelly’s
LeBron James’ Los Angeles Lakers were knocked out of the NBA play-offs as the Denver Nuggets completed a 4-1 series win in the Western Conference. In the fifth game of the best-of-seven series, defending champions the Nuggets won a tense encounter 108-106. Jamal Murray scored 32 points, including the winner with just 3.6 seconds left […]
As Ghana’s banking sector approaches the crucial milestone of publishing financial results by the end of April 2024, it’s essential to remember that these figures are not mere numbers but a measure of the health of our financial institutions, which is the backbone of our nation’s economic prosperity. Financial results of banks offer valuable insights […] The post Icebergs
The ministry of finance has affirmed that ongoing negotiations regarding debt restructuring with creditors have not culminated in failure. Through a tweet, the ministry clarified that an interim agreement has been reached between Ghana and bondholders, but adjustments are necessary to align with IMF debt sustainability targets. “Ghana and Bondholders reached an interim deal, which […] The post
By Gordon ADOMDZA (Dr) The sub-Saharan African region is set to power the next phase of global population growth. According to Foresight Africa (2020), 8 out of 10 fastest-growing countries will be in the region by 2030. This situation will intensify the demand for meaningful work, with more qualified graduates competing for limited job opportunities. […] The post Entrepreneuring
The Ministry of Tourism, Arts, and Culture and the Ghana Tourism Authority are hopeful that the Ministry of Finance will consider providing tax reliefs in the mid-year budget review for operators in the sector following a paper they presented on the issue. According to the two entities, poised to make tourism the number one GDP […] The post Domestic tourism:
By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […] The post The
By Joshua Worlasi AMLANU In a comprehensive update on Ghana’s debt restructuring programme, Finance Minister Dr. Mohammed Amin Adam has highlighted the government’s ongoing efforts to restore fiscal sustainability and foster economic recovery. Speaking at a press briefing, the Minister emphasised the significance of upcoming discussions with bondholder representatives to advance restructuring engagements. “In the […] The post
The latest data from the Bank of Ghana (BoG) has revealed that Ghana’s public debt climbed to a staggering GH₵610 billion as of December 2023. This figure reflects an Read More... The post Ghana’s Public Debt Hits
Jennifer Moffat, the Acting Country Lead and Head of Programme of BudgIT Ghana, has asserted that the country needs to consider its accountability for collected taxes. That, Ms Moffat, said was because the lack of accountability for the use of collected taxes is disincentivising Ghanaians. BudgIT Ghana is a civic organization that leverages technology to […] The post Ghana’s
Congo has lifted a more than two-decade-old moratorium on the death penalty as authorities struggle to curb violence and militant attacks in the country, according to a justice ministry statement released on Friday. The statement, dated earlier this week, said the ban from 2003 allowed offenders accused of treason and espionage to get away without […] The post Congo
The New Patriotic Party is mourning the tragic demise of the late Deputy Minister for Finance and MP for Ejisu, Dr. John Ampontuah Kumah. Dr. Kumah died on Thursday, March 7, 2024, after a brief illness as disclosed by a close family source. The NPP in a statement signed by the party’s General Secretary, Justin […] The post NPP mourns John Kumah, directs
The government paid a total of GH¢300,385,317.52 as judgement debt between 2017 and 2022. The Ministry of Finance made this known in an updated information on judgement debt payment dated August 2023. The Ministry revealed that the payments were made to over 60 individuals and organisations. For instance, in 2017, Albert Osei was paid GH¢279,412.83; […] The post Over
The police at Ejura in the Ashanti region have commenced investigations into the death of a 56-year-old worker at the Ejura government hospital whose body was found hanging on a mango tree on Sunday, February 25, 2024. The deceased, identified as Sarfo Boakye, was a father of 3 from a royal family in Ejura. Speaking […] The post Police probe death of Ejura govt hospital worker
By E. N. Kwame NKRUMAH (Dr) & David ALEMZERO (Dr) While ostensibly rooted in environmental concerns, the recent introduction of a Vehicle and industrial Emission levy in Ghana has ignited a profound and nuanced debate within the socio-political landscape. Critics argue that the hurried implementation of the levy raises questions about the government’s commitment to […] The post
A Haitian judge investigating the 2021 assassination of President Jovenel Moise has charged his widow, the former prime minister and an ex-chief of police with complicity in the killing. The 122-page leaked document, published by local media outlet AyiboPost on Monday, detailed how the president’s widow, Martine Moise, allegedly conspired with former Prime Minister Claude Joseph to kill the […] The post Assassinated
Russia’s most significant opposition leader for the past decade, Alexei Navalny, has died in an Arctic Circle jail, the prison service said. Seen as President Vladimir Putin’s most vociferous critic, Navalny was serving a 19-year jail term on charges widely considered politically motivated. He was moved to one of Russia’s toughest penal colonies late last […] The post Putin
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The time was 6.30pm on Thursday January 25, 2024. Gathered in the Crystal Palace Suite at the London Hilton Hotel on Park Lane were a collection of key United Kingdom (UK) corporate leaders with roots in Ghana – including High Commissioner to the UK and Ireland, Papa Owusu-Ankomah, and Tullow Plc Chief Executive, Rahul Dhir. […] The post Energy sector
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
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