Two persons have been arraigned before an Accra Circuit Court for allegedly robbing an online trader of electronic gadgets worth GH¢126,300. They are Edward Kweku Sena, a 43-year-old Instructor and Derrick Botchway a 35-year-old Driver.An accomplice, whose name was given as Quaye, is at large.Sena and Botchway have been charged with conspiracy to commit crime […] The post Two in court for allegedly
Popular Ghanaian rapper Amerado has questioned the organizers of the Telecel Ghana Music Awards[TGMA] Charterhouse why they failed to nominate his popular song, “Kwaku Ananse”. The Telecel Ghana Music Awards announced its nominees for this year’s awards at a well-attended launch on March 28, 2024, at the Grand Arena of the Accra International Conference Centre[AICC] […] The post TGMA
Parliament is urging the Supreme Court to expedite the interlocutory injunctions against the anti-gay bill filed by private legal practitioner Richard Dela Sky and gender activist Dr Amanda Odoi. Both Richard Dela Sky and Dr Odoi have independently filed lawsuits against the anti-gay bill, asking the court to prevent President Nana Addo Dankwa Akufo-Addo from […] The post Parliament
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has explained why the local currency, the Cedi depreciated against the major trading ones, the Dollar, Pounds, and Euros, at a time when the local economy was expanding. Recently, the Government Statistician, Professor Samuel Kobina Annim announced that Ghana’s economy grew by 2.9% in 2023, […] The post Addison
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has asked the state security agencies to assist the bank in dealing with reports of cross-border illegal transfers. He says that although the Bank hears rumors of these illegal transfers, it is not taking the matter lightly. Dr Addison said these while answering a question […] The post Bank of Ghana prepared
The Interim Management Committee (IMC) of Asante Kotoko has disclosed a crunch meeting held with the coaching staff led by Dr Prosper Narteh Ogum. This follows the current disappointing result which has seen the club slip from third place in the Ghana Premier League table to ninth place. In a statement released by Kotoko on […] The post Kotoko holds emergency meeting with
By Joshua Worlasi AMLANU ([email protected]) The Monetary Policy Committee (MPC) of the Bank of Ghana has announced its decision to maintain the monetary policy rate at 29 percent, citing persisting upside risks to inflation. Dr. Ernest Addison, Governor of the central bank, disclosed the rationale behind the decision during the 117th MPC meeting’s press briefing […] The post
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […] The post Cedi continues
Governor of the Bank of Ghana (BoG) Dr Ernest Addison has stated that Fiscal policy implementation so far has been broadly consistent with targets under the International Monetary Fund External Credit Facility (IMF ECF) supported programme. Although the primary fiscal balance (Total Revenue less Total Non-Interest Expenditure) target for 2023 was attained, he said, the […] The post Fiscal
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the Cedi was relatively stable in the first quarter of 2024 against the major trading currencies, especially the Dollar. He says they expect the stability to continue. Answering questions at the 117th Moneyray Policy Committee (MPC) press conference in Accra on Monday […] The post Cedis is relatively stable
Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said that Nigeria is currently saddled with a crisis related to the challenges posed by its currency, the Naira. He said this is similar to what Ghana went through in 2022 when inflation kept rising, coupled with the rapid depreciation of the Cedi. Reuters […] The post Naira woes: Nigeria going through
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will be holding the 117th press conference today Monday, March 25. The MPC is expected to announce major policy decisions including whether or not the policy should reduce. The MPC is also expected to talk about the performance of the Cedi against the dollar […] The post Bank of Ghana to announce key decisions
Ghanaian Blogger, Bongo Ideas has revealed the ordeal he experienced when he was arrested by some men who masqueraded as police officers. The post ‘They pointed a gun to my head and asked me to say my last prayers’ – Bongo Ideas speaks on his arrest first appeared on 3News.
Asante Kotoko, the record champions of the Ghana Premier League (GPL), have found themselves in a period of turbulence, with their title aspirations hanging in the balance. The Porcupine Warriors have endured a dismal run of form, losing seven of their last eight competitive fixtures, allowing their fierce rivals, Hearts of Oak, to leapfrog them […] The post Crisis engulfing
Asante Kotoko have issued a plea to the Ghana Football Association (GFA) to tackle issues surrounding officiating, safety, and security in Ghana Premier League matches. The club emphasised that such issues are detrimental to the “integrity of the game on all levels.” This call to action comes in response to disciplinary action taken against the […] The post Kotoko
Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
Former Kotoko defender Abdul Karim Zito has pleaded with fans of the club to exercise patience with coach Prosper Ogum, despite calls for his removal due to recent underwhelming results. Kotoko are currently enduring a disappointing run of poor results losing 5 out of 6 matches played at the beginning of the second in the […] The post Kotoko advised to be patient and supportive of Ogum
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, concluded her visit to Ghana on Monday, 18th March, 2024, following two days of productive engagements. Dr. Ernest Addison, Governor of the Bank of Ghana, bid farewell to the IMF MD, alongside the First and Second Deputy Governors of the bank and the IMF […] The post IMF MD departs
The Governor of the Bank of Ghana, Dr. Ernest Addison, has underscored the need for banks to remain committed to their critical role of bridging trade financing in both the primary and secondary markets. According to the governor, this will help strengthen the country’s financial systems. Speaking at the Ghana International Bank cocktail event to […] The post BoG
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