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
The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking at a press briefing […] The post Policy rate cut to 29% on back of retreating
A new medical health facility, Fountain Medical Services (FMS) has been inaugurated in Ho to bridge the gap between critical health provision to the people of the Volta and the Oti Regions. The FMS vision and mission is for the two regions in particular and Ghanaians in general is to provide holistic healthcare accessibility and […] The post Modern private hospital constructed in Ho appeared first
Dr. Ernest Addison, BOG Governor The Human Right Division, Accra High Court, has dismissed an application filed by Dr. Papa Kwesi Nduom, GN Saving and Loans Company and others for Read More... The post ‘Central Bank Revoked GN Bank Licence Legally’ appeared
The controversy over South Korean First Lady Kim Keon Hee allegedly accepting a luxury bag gift has thrown its ruling People Power Party (PPP) into disarray. Spy camera footage released late last year appeared to show a pastor presenting a Dior bag to her. Some analysts say the scandal threatens the prospects of President Yoon […] The post South Korea: First Lady’s
Before Alhaji Collins Dauda and Dr. Kwaku Agyeman-Mensah were respectively appointed as Minister for Works and Housing, an amount of US$80 million had already been invested into the Saglemi housing project. Mr Godwin Edudzi Tamakloe, Counsel for Agyeman-Mansah, told an Accra High Court, presided over by Justice Ernest Owusu-Dapaa, on Tuesday. He said the amount […] The post Collins,
A total of 652 out of 870, representing 75% of New Patriotic Party (NPP) delegates in the Asante Akim South constituency on Thursday, January 25, 2024 overwhelmingly declared their support for the incumbent Member of Parliament (MP) for the area, Kwaku Asante Boateng. Many of the delegates, who publicly declared their support to the MP, […] The post Asante Boateng is our darling
Kwaku Kyei Ofori Some residents in the Atwima Kwanwoma Constituency have urged delegates of the New Patriotic Party (NPP) to vote massively for Kwaku Kyei Ofori, an aspiring parliamentary Read More... The post Atwima Kwanwoma Roots For Kyei Ofori appeared first on
The Bank of Ghana (BoG) is prepared to continue the necessary structural reforms to revive the country’s shaky economy. It emphasizes the importance of vigilance and commitment in realigning the country’s economic situation. Following the approval of the second $600 million tranche from the International Monetary Fund (IMF), Dr. Ernest Addison, Governor of the Bank […] The post We’ll
The Ahafo Ano North Parliamentary seat seems to be a swinging one, that is, it keeps alternating between the National Democratic Congress (NDC) and the New Patriotic Party (NPP) since 1992. Mr. George Kwasi Adjei Annim of the Egle party occupied the seat in 1992, followed by Mr. Baffour Annor of the NDC in 1996. In 2001, Kwame […] The post Kwaku Fosu Frimpong -NPP’s new sensation
Nana Dwamena Akenten II, the newly installed paramount chief of the Offinso Traditional Area has sworn the oath of allegiance to Asantehene Otumfuo Osei Tutu II, at the first Asanteman Council meeting last Thursday. The new Offinsomanhene was carried in a palanquin through the main streets of Manhyia before the swearing of the oath to Otumfuo. The ceremony was […] The post New Offinsomanhene in, Queen
The slaughter and sale of dogs for their meat is to become illegal in South Korea after MPs backed a new law. The legislation, set to come into force by 2027, aims to end the centuries-old practice of humans eating dog meat. Dog meat stew, called “boshintang”, is considered a delicacy among some older South […] The post South Korea passes law banning dog meat trade appeared first on
Arsenal star, Thomas Partey will not be at the 2023 Africa Cup of Nations together with other key personalities. In the official squad announced on Monday, January 1, 2024, Thomas Partey, Abdul Fatawu Issahaku and Abdul Baba Rahman are the key players who have not been named in the team for the Africa Cup of […] The post 2023 AFCON: Chris Hughton names 27-man squad
The Ghana Navy and the Narcotics Control Commission (NACOC), in collaboration with the Ghana Police, have arrested six persons over alleged narcotics. The operation conducted by the Ada Foah Detachment of the Ghana Navy Riverine Command, along with the Ghana Police also led to the seizure of 81 sacks of suspected marijuana. The team discovered […] The post Six
The Ghana Shippers Authority in collaboration with the Bank of Ghana has organized a sensitization workshop on the Bank of Ghana Letter of Commitment requirement for the repatriation of export proceeds. The Letter of Commitment is required before export shipments are approved to exit Ghana’s Ports and Borders. Since its introduction in 2016, the Letter of Commitment requirement has generated tremendous […] The post Shippers
Christians in the Western Region are set for an extraordinary week of spiritual rejuvenation as Prophetic Convocation 2023 descends upon Sekondi Takoradi from December 25th to 31st. The Pure Word Chapel near the Naval Flats is set to transform into a celestial haven, welcoming believers from diverse backgrounds. Renowned Gospel Artistes including S. K. Frimpong […] The post Prophetic
Dancehall Artiste, Stonebwoy has promised to gift tickets to his BHIM concerts to Tyrone Marhguy, the Rastafarian Achimota Student whose admission caused a national stir. This comes after it was reported that Tyrone aced his West African Senior High School Certificate Examination (WASSCE). Commenting under the post of Tyrone’s results, Stonebwoy on Tuesday, December 19, […] The post Stonebwoy
As part of efforts to boost marine operations at Ghana’s ports, the Ghana Ports and Harbours Authority (GPHA) has commissioned two new Damen tugboats to add to its fleet. The two heavy duty tugboats, which can berth any post panamax vessel, were named after two former Directors General of the Port Authority, namely Group […] The post GPHA acquires two new tugboatsto boost marine
Dr. Ernest Addison The Governor of the Bank of Ghana, Dr. Ernest Addison, has stated that the Central Bank’s monetary policies with support from the Ministry of Finance have Read More... The post Economy Responding To BoG Policies – Addison appeared first
The Minerals Commission of Ghana has debunked allegations that Barari DV Ghana Ltd, a subsidiary of Atlantic Lithium Limited, is registered under the Ghana Free Zones Authority and is entitled to a 10-year tax holiday. The National Democratic Congress (NDC), in a statement released on December 13 through its National Communications Officer, Sammy Gyamfi, made […] The post We’ve
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