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IMF deal: No further adjustments required from Ghana – Abebe Selassie
Abebe Selassie, Director of the African Department at the International Monetary Fund (IMF), has stated that the fund will not require the Ghanaian government to implement additional adjustments. He expressed optimism that ongoing discussions among official creditors will facilitate the conclusion of talks, enabling the release of the third tranche of funds. Abebe Selassie emphasized […]
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Truck owner shares insights into train collision incident
In a comprehensive explanation of the events leading to the collision involving the newly imported train, the owner of the truck involved in the accident has provided clarity on the circumstances surrounding the incident. The incident, which has raised significant concerns, occurred when the truck became lodged on the railway tracks. The owner, who was […]
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We’ll no longer tolerate your empty, unwarranted attacks – TUC slams Prof Adei
The Trades Union Congress (TUC) has issued a scathing rebuke of Professor Stephen Adei following his assertion that Ghanaian workers rank among the least productive globally. During an interview on GHOne on April 8, the former Rector of the Ghana Institute of Management and Public Administration (GIMPA) conducted a comparative analysis of worker productivity levels […]
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Dumsor: I acknowledge your patience, challenges will be resolved – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has openly acknowledged the recent power supply challenges, assuring the nation of the government’s unwavering commitment to resolving the issues at hand. Expressing gratitude for the patience exhibited by Ghanaians during the recent power cuts, the president reassured citizens of ongoing efforts to mitigate the challenges. During the inauguration of […]
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Artificial Intelligence likely to affect 40% of global workforce – IMF
The International Monetary Fund (IMF) has predicted that 40 percent of the global workforce will be affected by the introduction of Artificial Intelligence. According to the IMF, though AI has improved productivity, it is likely to render many jobless in the coming years. Speaking to journalists on the sidelines of the 2024 IMF-World Bank Spring […]
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No more Buffer Stock – Mahama promises to decentralise SHS food supply
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has vowed to cancel the supply of food items to Senior High Schools by the National Food Buffer Stock Company as part of his vision to review the Free SHS policy. John Mahama says feeding grants would be channelled through the heads of Senior […]
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Consult Council of State on anti-gay bill – Mahama to Akufo-Addo
John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has criticized President Nana Addo Dankwa Akufo-Addo’s handling of the anti-LGBTQ bill, urging him to seek guidance from the Council of State. Mr. Mahama says President Akufo-Addo’s decision not to assent to the bill is undemocratic and wrong. Speaking at a meeting with members […]
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Dumsor: ECG disconnects Kejetia market over Ghc70m debt
For the second time, the Kejetia Market in the Ashanti region finds itself disconnected from the national power grid due to a Ghc70 million debt owed to the Electricity Company of Ghana (ECG). Since the disconnection occurred about a week ago, the market has been dependent on an alternative power plant as its energy source. […]
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Any govt depending on IMF is likely to fail – Grand Coalition
Rev. Dr. Samuel Worlanyo, an economist and spokesperson of the Grand Coalition, has warned about the potential collapse of Ghana’s economy if it continues to heavily rely on borrowing from financial institutions such as the International Monetary Fund (IMF). In acknowledging the necessity of borrowing for governmental initiatives and projects, Dr. Worlanyo stressed the critical […]
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Transport Ministry has no power to determine fares – COPEC
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 […]
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Ghana risks losing premium cocoa position due to galamsey – COCOBOD
The Ghana Cocoa Board (COCOBOD) has painted a gloomy picture of the potential loss of Ghana’s premium position in the international cocoa market due to activities of illegal mining. In an interview on The Point of View with Bernard Avle, Prof. Michael Kwarteng, Director of the Anti-Corruption Galamsey Unit of COCOBOD, lamented the adverse impact […]
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Akufo Addo administration has crossed many red lines in Ghana’s democratic practice – Mahama
Former President John Dramani Mahama has accused the Akufo-Addo administration of crossing several red lines in Ghana’s democratic practices. The flagbearer of the National Democratic Congress (NDC) said President Akufo-Addo has put political convenience ahead of democratic consolidation. This, in his view, has left Ghana poorer. In a post on his x platform, he said […]
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Ghana’s medium-term macroeconomic outlook positive – Amin Adam
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 […]
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We won’t overburden Ghanaians with taxes – Amin Adam assures
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 […]
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IMF deal: Performance indicators contributed to completion of 2nd review – Amin Adam
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. […]
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Rebranding of Ameri Power Plants an attempt to hoodwink voters – Edudzi
Godwin Edudzi Tameklo, the Director of Legal Directorate for the National Democratic Congress (NDC), has expressed concerns about the government’s alleged plan to rename the Ameri Power Plant as the Kumasi 1 Thermal Power Plant. The Volta River Authority in a recent Facebook post announced the commissioning of the Kumasi 1 Thermal Power Plant (K1TPP) […]
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$3bn deal: We are beginning to reap substantial macroeconomic benefits – BoG Governor
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 […]
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IMF deal: Addison expresses optimism that 2nd review will lead to release of 3rd tranche
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 […]
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We must be more self-reliant as a continent – Mahama tells African leaders
Former President John Dramani Mahama has said that there are several opportunities that African leaders can take advantage of to make the continent self-reliant. He said this while urging the African leaders to work to ensure that the continent is more self-reliant. Mr Mahama was answering questions in a panel discussion during the 2nd edition […]
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