The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has urged the Ghana Union of Traders Association (GUTA) to press Vice President Dr Mahamudu Bawumia to eliminate certain nuisance taxes introduced by the current government. In his address to GUTA members, Mahama stressed the critical nature of the issue and called on Dr […] The post Tell
Minister of Interior, Henry Quartey, has assured that the security services and all relevant stakeholders will ensure free and fair elections in December. Henry Quartey gave the assurance during a working visit to the Inspector General of Police, Dr. George Akuffo Dampare on Monday, April 8, 2024. He assured the Ghana Police Service that the […] The post We’ll
Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has revealed that he cautioned President Akufo-Addo against tampering with the Energy Sector Levy Act (ESLA), expressing concerns that such actions could lead Ghana back into the era of ‘dumsor,’ referring to the country’s previous power crisis. Mahama made this disclosure during a meeting with […] The post Dumsor:
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, is wondering how the commercial banks are going to break even and increase lending to the private sector vis-a-vis the Bank of Ghana’s higher cash reserve requirement for commercial banks. To him, the higher cash reserve requirement for commercial banks. counterproductive […] The post How
Dr Mahamudu Bawumia The Communication Director of the Bawumia Campaign Team of the ruling NPP, Dennis Miracles Aboagye has hinted that, Dr. Mahamudu Bawumia’s vision on education is one to Read More... The post Bawumia Next Govt To Escalate Good
The Electricity Company of Ghana (ECG) has announced a reduction in power supply to its Mobile Bulk Supply Point in the Tema region, resulting in widespread power outages across various areas. Communities affected by these outages include Afienya, The Quarries, Christian International School, and Otsebreku. Additionally, establishments such as the Ghanaman Soccer Academy, Hot Oven, […] The post ECG
The Department of Parks and Gardens has issued a stern warning to private developers encroaching on their land. The department has threatened to demolish all illegal structures on their lands. This action follows a recent Citi News report on land encroachment in the Upper West region, where a fuel station has been erected on the […] The post Parks and Gardens to demolish illegal
The General Overseer of the International Central Gospel Church (ICGC), Pastor Mensa Otabil has issued a severe warning to anyone thinking about immigrating to Europe. The post ‘Those running to Europe are joining a sinking ship’ – Dr. Mensa Otabil first appeared on 3News.
Customers of Gold Coast Fund Management in the Ashanti region have issued an ultimatum to the government to return their locked-up investments or they will campaign against the party in the upcoming elections. The customers, who are agitated and frustrated, have set a deadline of June 30, 2024, for the return of their funds. In […] The post Aggrieved
Service standard concerns Freight rates standardisation Transparency and predictability By Mohammed AWAL The Chief Executive Officer (CEO) of the Ghana Shippers’ Authority (GSA), Kwesi Baffour Sarpong, has requested that shipping line charges in the sector be predictable, competitive, transparent and uniform. In his opening remarks during a meeting with the Ship Owners and Agents Association […] The post
Ghana does not need the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) for economic growth, an economist Dr John Kwakye has said. In the view of the Director of Research at the Institute of Economic Affairs (IEA), Ghana can develop by relying on its natural resource wealth. “We don’t need any SDRs […] The post Economist
When a person provides his or her legitimately or illegitimately acquired funds or assets for terrorist activities or organizations the person will be financing terrorism, the Bank of Ghana (BoG) has said. The central bank said financing of terrorism is a crime and is punishable by law therefore people should be careful they do not […] The post Becareful you do not
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 excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
Credit to the private sector by banks will continue to squeeze due to the Bank of Ghana’s high Credit Reserve Ratios (CRR). This is one of the key findings and conclusion of a research paper by banking consultant, Dr. Richmond Atuahene and data and research analyst, Isaac Kofi Agyei. The report titled ‘Thirsty Banks: Ghana’s […] The post BoG’s
Odeneho Kwaku Appiah, also known as COKA, has made his contribution to the ongoing talks of a viable running mate to partner the New Patriotic Party (NPP) flagbearer, Dr. Mahmudu Bawumia in election 2024. The former Afigya Kwabre South Constituency Chairman, COKA, has in the past made it known that a running mate from the […] The post A/R has a candidate to partner Bawumia –COKA appeared first
Vice President and flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, led a government delegation over the weekend to pay their final respects to the late Paramount Read More... The post Bawumia Bids Sunyani Omanhene Farewell appeared first on
Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei have admonished the government to cut its expenditure by 30 per cent to effectively combat inflationary pressures. The two in a report titled, ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ raised several concerns including the government’s approach of “relying […] The post Cut
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
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