China has tightened its financial industry rules as the government tries to halt a deepening sell-off in the world’s second-largest economy. Nearly $6tn (£4.7tn) has been wiped off Chinese and Hong Kong stocks since their most recent peak three years ago. The China Securities Regulatory Commission (CSRC) says the measures will create “a fairer market […] The post China
The Ekumfi Traditional Council has expressed disappointment in President Nana Addo Dankwa Akufo-Addo over comments he made, indicating that he intentionally sidelined Ekumfi residents from benefiting from the national cake because they voted against the New Patriotic Party’s Parliamentary candidate Kingsley Ato Cudjoe in the 2020 elections. The Traditional Authority is also demanding scientific data […] The post Ekumfi
The Development Bank Ghana has injected more than GH¢1billion into the private sector since its inception in June 2022, its Chief Executive Officer, Kwamina Duker, has revealed. This investment, he noted, has played a pivotal role in fortifying over 80 businesses, resulting in the creation of over 6,000 jobs. Thirty-eight percent of these jobs have […] The post DBG
The Agricultural Development Bank (ADB) and five other banks have secured a court order to prevent any sale or transfer of assets of PBC Limited, including its headquarters at Number 106 Olusegun Obasanjo Way, Dzorwulu Junction in Accra. This follows a judgment secured by the six banks against PBC Limited. The other five banks include […] The post ADB,
The Agricultural Development Bank (ADB), alongside five other Banks, has secured a court order to prevent any sale or transfer of assets of PBC Limited including its headquarters at Number 106 Olusegun Obasanjo Way, Dzorwulu Junction in Accra. This follows a judgment attained by the six banks against PBC Limited. The other five banks involved […] The post ADB,
The Ghana Railway Development Authority has disclosed that only two contemporary diesel-powered trains have been procured from Poland to boost the railway transport system, contrary to media reports that 12 trains have been secured. There were reports that the state has procured 12 trains for the Ghana Railways Company, expected to operate both regional and […] The post We’ve
Myjoyonline.com reported recently that the government has requested the Ghana Revenue Authority (GRA) to liaise with the two power distribution companies to transfer Value Added Tax (VAT) generated from consumers who have exceeded their lifeline power consumption. The website, quoting from a release issued by the Finance Ministry said the sector Minister, Ken Ofori-Atta, had […] The post Editorial:
The Ashanti regional chapter of the opposition National Democratic Congress (NDC) has strongly criticized the government, accusing it of neglecting the Ashanti region and sidelining it in terms of development. The party specifically points fingers at President Nana Addo Dankwa Akufo-Addo for what they perceive as a deliberate lack of attention and resources directed toward […] The post Akufo-Addo
President of IMANI Africa, Franklin Cudjoe, is seeking further clarification on the government’s recent decision to procure new trains for Ghana. This inquiry comes in the wake of government’s announcement of purchasing 12 modern diesel-powered trains scheduled to arrive in mid-February, to enhance the country’s railway transportation system. The intended deployment of these trains is […] The post Franklin
Development Bank Ghana (DBG) has partnered with its Participating Financial Institutions (PFIs) to disburse GHS 623 million into the private sector. This capital injection has contributed to the creation of jobs, expansion of businesses, increased revenue, and generation of foreign exchange. DBG’s key highlights in 2023 are captured in a year-end wrapped video on its […] The post
China has summoned the Philippine ambassador after Manila congratulated the winner of Taiwan’s presidential election. China lashed out on Tuesday, a day after Filipino President Ferdinand Marcos sent Taiwanese President-elect Lai Ching-te a note on his victory in the recent vote. The highly undiplomatic comments from Beijing, which warned Manila “not to play with fire,” will […] The post China
Taiwan has condemned China for what it called intimidation of its citizenry and attempts to influence the island’s elections on Saturday. On Thursday, Taiwan’s Foreign Minister Joseph Wu criticised China’s “repeated interference” in the upcoming polls, lambasting Beijing for “once again blatantly intimidating the Taiwanese people and the international community”. The elections “are in the […] The post Taiwan
A few days ago, I participated in the Central Conference on Work Relating to Foreign Affairs in Beijing, China. The conference pointed out the direction for China’s futural diplomatic work and the development of China-Africa relations. I want to take this opportunity to introduce to my Ghanaian friends the guiding principles of the conference and […] The post Toward
Few alliances have sparked as much interest and speculation in the complicated fabric of international relations as between Africa and China. The relationship between Africa and China has received a lot of attention and scrutiny from scholars, policymakers, and the media in recent years, prompting a lot of debate and, unfortunately, reinforcing certain persistent myths. […] The post
Lawyers representing the Vice-Chancellor of SD-Dombo University of Business and Integrated Development Studies (UBIDS) have threatened legal action against the Ghana Tertiary Education Commission (GTEC) for instructing their client to retire. Professor Philip Duku Osei’s legal team argues that GTEC committed an illegality by directing him to retire upon reaching the compulsory retirement age of […] The post SDD
Tesla is recalling more than 1.6 million cars in China to fix problems with Autopilot features and locks, state regulators announced Friday. Both issues can be repaired through a free over-the-air software update, so drivers do not have to take their vehicles anywhere, regulators said. China’s State Administration for Market Regulation said the recall impacts […] The post Tesla
China and Russia wrapped up a bumper year of cooperation with an annual year-end meeting in which the two vowed to deepen ties across a range of issues as record trade between them surged past a symbolic target. Bilateral trade between China and Russia surpassed $200 billion in the first 11 months of the year, Chinese […] The post China hails Russia cooperation as record
AmaliTech, a leading IT training & IT services company in Europe and Africa, celebrated the official opening of their new office in Accra recently. This comes months after they moved into the space and started making an impact on the local community. AmaliTech, which is headquartered in Germany and has offices in Rwanda and Ghana, […] The post AmaliTech’s
Dr. Kodjo E. Mensa-Abrampa National Development Planning Commission (NDPC) has announced the review of the long-term development plan of the country, also known as Agenda 2057. The review of Read More... The post NDPC Launch Development Plan Review Process appeared
The Development Bank Ghana (DBG) has demonstrated its commitment to the fight against breast cancer by generously donating GH¢200,000 to the Breast Cancer Units at both Korle Bu Teaching Hospital and the 37 Military Hospital. This commendable initiative, spearheaded by the dedicated staff at DBG, aligns with the ongoing efforts to make a substantial impact […] The post DBG
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