Ghanaian Weightlifter Winnifred Ntumi, who recently made history at the African Games by securing Ghana’s first medal, has revealed that she is yet to receive the promised $7000 prize money. Ntumi, 21, emerged victorious with a gold and two silvers in the women’s 49-kilogramme category at the event held at the GCB Hall at the […]
A Public Sector Analyst Harry Yamson says the Ministry of Finance (MoF) and Board of Microfinance and Small Loans Centre (MASLOC) cannot be left off the hook in the case of misappropriated funds and financial loss caused to the state. His concerns follow the sentencing of former MASLOC Boss, Sedina Christine Tamakloe Attionu, and Daniel […] The post MoF, MASLOC
One of the newly imported trains, a Polish manufacturer of the Diesel Multiple Unit (DMU) train designated for the Tema-Mpakadan railway route has been involved in an accident during a test run. A statement by the Ministry of Railway Development also indicated that there were no injuries sustained by the passengers. The post Newly imported train crashes into stationary truck
‘Leaders in Worship’, is an initiative of Eric Kwapong Ministries, intended to enrich leaders across various spectra, is set to launch on Friday, April 19, 2024, at the Physicians and Surgeons Hall, Accra, at 6:00 pm. According to Eric Oduro Kwapong, the Founding President and Christian leader, who is also a life coach, entrepreneur and […] The post Leaders in Worship: Set for Friday, April 19
The Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, together with some Senior Executives of the bank recently met with the Chinese Ambassador to Ghana, H.E. Lu Kun, to promote deeper trade and investment ties between Chinese and Ghanaian businesses. During the meeting, Mr. Asomaning underscored the importance of the strategic partnership between Standard Bank, […] The post Stanbic
Sydney Nii Ayitey Tetteh, Executive Vice President, Energy and Infrastructure at Stanbic Bank Ghana, has emphasized the important role of financial institutions in the soon to be implemented wholesale electricity market. He made this statement at the Electricity Market Conference held at the Volta Residence, Akuse in the Eastern Region. The Electricity Market Conference had […] The post Stanbic
Asantehene, Otumfuo Osei Tutu II, has urged the government to diversify companies it cannot maintain and run efficiently. According to him, there are a number of government companies and entities that are struggling that can do well with private partnerships. He disclosed this during the commissioning of a 430-kilometre natural gas pipeline by Genser Energy […] The post Don’t
A renowned security consultant, Richard Kumadoe says the Microfinance and Small Loans Centre (MASLOC) is a fraudulent setup by politicians. This follows former Chief Executive Officer (CEO) of the MASLOC, Sedina Christine Tamakloe Attionu, and interdicted Head of Operations, Daniel Axim have been jailed for a combined 15 years in prison. Per the sentence of […] The post MASLOC is
The Chamber of Petroleum Consumers (COPEC) has chided the Ministry of Transport over its directive to the Ghana Police Service regarding the implementation of new fares. The Ministry, on Monday, April 15, directed the Ghana Police Service to be on the lookout for commercial drivers who are charging fares exceeding the approved rates. Executive Secretary […] The post Transport
The OmniBSIC Bank, thought to be the fastest growing bank in the country, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 per cent to GH¢150.6 million in … The post OmniBSIC Bank posts historic GH¢150m
Ghana has been eliminated from the 2024 Futsal Africa Cup of Nations after a defeat to Angola on Monday night. Ghana faced Angola in a must-win match looking to give themselves a chance of progressing from the group stage but However, ended up on the losing side once again as they lost 11-3. Angola entered […] The post Futsal AFCON 2024: Ghana exits competition after losing to
The Minister of Finance, Dr Mohammed Amin Adam, has reaffirmed that Ghana’s medium-term macroeconomic outlook and prospects remain positive and promising. He also highlighted the government’s dedication to implementing comprehensive structural reforms to bolster growth and enhance revenue mobilisation. Speaking during a joint press conference by the government of Ghana and the International Monetary Fund […] The post Ghana’s
The government is determined not to overburden Ghanaians with the payment of more taxes, Dr Mohammed Amin Adam, the Finance Minister, has assured. Rather, the government would ‘use the hard way’ to collect revenue from those who have not been paying the appropriate taxes, as well as those who have been evading taxes in the […] The post We won’t overburden Ghanaians
Dr Mohammed Amin Adam, the Minister of Finance, has outlined key performance indicators that led to the successful completion of the Second Review by the International Monetary Fund (IMF). On Saturday, April 13, 2024, the IMF disclosed that it had reached a staff-level agreement on the second review of the extended credit facility with Ghana. […] The post IMF
The founder and leader of the Movement for Change, Alan Kyerematen, has pledged to abolish several taxes imposed on imports that he said are unnecessary and a huge burden to the trading community. Mr. Kyerematen made the pledge in an engagement with members of the Ghana Union of Traders Association (GUTA). He said the abolishment […] The post Ghana will have
The Ministry of Finance and the Bank of Ghana have shown a steadfast commitment to a set of policies right from the beginning of the implementation of the $3 billion programme with the International Monetary Fund (IMF) under very difficult circumstances, Governor of the central bank, Dr Ernest Addison has said. He stated that they […] The post $3bn deal: We are beginning
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has expressed optimism that the successful second review of the programme with the International Monetary Fund (IMF) will lead to the release of the 3rd tranche. The country had already received two tranches, $600million each. The release of the third tranche would increase the total […] The post IMF deal:
The Minister for Finance, Dr Mohammed Amin Adam has stated that the effective implementation of the programme with the International Monetary Fund (IMF) is yielding some good results. He says the country is now witnessing relative macroeconomic stability and seeing signs of economic recovery. Speaking at a joint IMF, Ministry of Finance, Bank of Ghana, […] The post Govt
The commissioning of the Kumasi 1 Thermal Power Project on Wednesday, April 18 by President Nana Addo Dankwa Akufo-Addo is set to address voltage and power quality issues in Kumasi and the northern parts of Ghana by boosting system voltages and thus improving overall system stability, the Volta River Authority (VRA) has said. The President […] The post Akufo-Addo
The International Monetary Fund (IMF) has expressed satisfaction with Ghana’s Economic performance under the IMF-supported program, as it reaches staff-level agreement on the second review of Ghana’s economic program under the Extended Credit Facility (ECF) arrangement. Addressing the media at a joint news conference with the Bank of Ghana (BoG) and the Ministry of Finance […] The post IMF:
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