The Bank of Ghana (BoG) has explained how money laundering is done and the consequences of engaging in such illegal acts. In its Financial Literacy document, the Central Bank explained that money laundering is the process whereby money obtained from unlawful activities such as drug trafficking and corruption is legitimized through complex transactions and processes […] The post Sudden
Stephen Asamoah Boateng, the Minister of Chieftaincy and Religious Affairs, has clarified that the video that went viral on social media regarding the alleged marriage ceremony that took place at Nungua was a traditional rite and not a marriage ceremony. The Saturday March 30, 2024 ceremony has created a lot of controversy with many calling […] The post Ceremony
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
The Minister of the Interior, Henry Quartey has charged the Ghana Immigration Service to increase their surveillance at the borders ahead of this year’s general elections. At a working visit to the Ghana Immigration Service, Mr Quartey highlighted the need for the Officers to perform their duties professionally and protect Ghana’s territorial borders before, during […] The post Election
No government has looked out for the poor in terms of Education than the current Akufo-Addo-Bawumia government, a Presidential Staffer Mr Dennis Miracles Aboagye has said. He says that the New Patriotic Party (NPP) administration has given the “biggest” scholarship for education in the history of this country. In a post on his X platform, […] The post NPP govt has given
The Electricity Company of Ghana (ECG) has reiterated that there are currently no power outages, commonly known as “dumsor,” taking place in the country. According to the ECG, there is no ongoing load-shedding, despite certain reports suggesting otherwise. Demands for a load-shedding timetable have not yielded any results as both the ECG and the Minister […] The post Dumsor:
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 call for policy revision By Emmanuel KUNDO A recent directive issued by the Ghana Revenue Authority (GRA) has stirred controversy within the business community regarding the implementation of the Commissioner-General’s invoice (VAT Invoice) as proof for allowable expense deduction under Section 9 of the Income Tax Act, 2015 (Act 896) as amended. Although, the […] The post
Minister of Parliamentary Affairs, Osei Kyei-Mensah-Bonsu, has revealed that resigning from his position as Majority Leader was the best decision he ever made. The Suame MP stated that his primary motivation was to prevent disunity within the Majority front in Parliament. Speaking to journalists in Kumasi for the first time since his resignation in February, […] The post Resigning
Article Wan Multiple award-winning artiste, Article Wan, joined the “Buz Stop Boys,” a group of sanitation volunteers, to clean up some choked gutters in Dzorwulu, Accra. The sensational musician took Read More... The post Article Wan, Buz Stop Boys Clean Dzorwulu
By Catherine ADODOADJI-DOGBE and Fatima FAROUTA Globally there has been an increase in municipal solid waste generation. Predictions indicate that Municipal solid waste generation will grow from 2.3 billion tonnes in 2023 to 3.8 billion tonnes by 2050. The global direct cost of waste management was estimated at USD 252 billion in 2020 and the […] The post Harnessing
The Concerned Drivers Association of Ghana and the Transport Operators of Ghana have jointly announced an increase in transport fares, effective Saturday, April 13, 2024, in response to the recent surge in petroleum prices. In a statement issued on Monday, April 8, 2024, they outlined the following adjustments: a 15% increase for short-distance or intracity […] The post Two
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
The Alliance for Social Equity and Public Accountability (ASEPA) has called on the Tema Oil Refinery (TOR) and the Sentuo Oil Refinery to make public the specifics of their relationship. This request comes in the wake of the alleged sale of TOR to Sentuo Oil Refinery. On Monday, April 8, ASEPA’s Executive Director, Mensah Thompson, […] The post ASEPA demands clarity
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
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has assured the Public Accounts Committee (PAC) of Parliament that by next year the central bank will see a huge jump in its holdings of gold due to the Gold For Reserves programme. He said that the full benefits of the programme have not […] The post Governor Addison assures PAC of ‘a big jump’ in BoG’s holdings
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […] The post Ghana’s
By J. N. Halm I was wondering why the secretary was not taking minutes. Taking into consideration the importance of the meeting, I could not help but wonder why the secretary just sat there without making any notes. So you can imagine my shock when within hours of the meeting, she had sent the minutes […] The post The evolving landscape:
The Ghana Mine Workers Union has announced a demonstration to be staged at the Ministry of Lands and Natural Resources to demand that government terminates the mining contract issued to Future Global Resources. The demonstration will start on April 15. The Union members alleged that the current Management of the company lacks the competency and […] The post Mine Workers Union to stage demo April 15 first
By Kofi Anokye Owusu-Darko (Dr) According to the banks, there is a Bank of Ghana (BOG) directive that all third-party transactions in the banking hall must be supported by an identification (ID) of the party undertaking the transaction. This stems from the Anti-Money Laundering Act, 2020 (Act 1044), and the December 2022 BOG Guidelines for […] The post Anti-money
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