The Transport Ministry and the Ghana Private Road Transport Union (GPRTU) will meet today, April 10, 2024, to go over ideas for a possible hike in transport fares that are planned for Saturday, April 13, 2024. According to the Transport Operators of Ghana and the Concerned Drivers Association, the proposed fare increase is a reaction […] The post Transport Ministry to meet with GPRTU
Founder and Leader of the New Force Movement, Nana Kwame Bediako has said he is a “genius" with thoughts of achieving many objectives at the same time. The post ‘I’m a ‘puzzleist’, I think about doing 20 things at the same time’ – Nana Kwame Bediako first appeared on 3News.
Founder and Leader of the New Force Movement, Nana Kwame Bediako has said he is a “genius" with thoughts of achieving many objectives at the same time. The post ‘I’m a ‘puzzleist’, I think about doing 20 things at the same time’ – Nana Kwame Bediako first appeared on 3News.
Ghana’s Minister for Youth and Sports, Mustapha Ussif, has revealed the nation’s intention to host the 2026 Commonwealth Games, seizing the opportunity following the withdrawal of initial host candidates. With the successful hosting of the 2023 African Games under its belt, Ghana is poised to extend its hospitality to other member states of the Commonwealth. […] The post Ghana
The Public Relations Officer of the Ghana Cocoa Board (COCOBOD), Fiifi Boafo, has lauded the achievements of the Akufo-Addo government in the cocoa sector amidst criticism from the minority in Parliament. During an interview on The Point of View on Citi TV, Fiifi Boafo defended the government against accusations of shortchanging cocoa farmers despite a […] The post Ghanaian
The Ghana Electrical Contractors Association (GECA) has expressed a firm conviction that the Electricity Company of Ghana (ECG) does not need a special upward tariff adjustment to resolve its challenges especially with forex losses. The power distribution company, ECG is seeking a 34% increment on the current tariff. Key among the reasons given for the […] The post ECG
Nigeria has recovered 30bn naira ($24m; £19m) as part of an ongoing corruption probe into a suspended minister, the financial watchdog says. The funds were traced to more than 50 bank accounts, it said. Humanitarian Affairs and Poverty Alleviation Minister Betta Edu was initially suspended in January over the alleged diversion of $640,000 of public […] The post Betta
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:
In a fiery exchange of political rhetoric, the National Youth Organizer of the New Patriotic Party (NPP), Salam Mustapha, has launched scathing criticisms against the flag bearer of the National Democratic Congress (NDC), John Dramani Mahama. Mustapha’s remarks come in response to Mahama’s recent announcement to separate the Youth and Sports Ministry, aiming to address […] The post Bawumia
Ghana’s Youth and Sports Minister Mustapha Ussif has revealed that the country is well positioned to consider hosting the commonwealth games slated for 2026. As things stand now, the 2026 edition of the Commonwealth Games is in limbo, as original hosts Victoria in Australia have withdrawn its bid last year due to cost concerns. Malaysia […] The post Ghana is ready to host the
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
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
By Ebenezer Chike Adjei NJOKU ([email protected]) Indigenous financial services provider, CalBank is aiming to raise GH¢600 million in fresh capital through a renounceable rights issue. This capital injection will aid the lender’s recovery from the effects of the Domestic Debt Exchange Programme (DDEP) and fuel its future growth plans. The move will offer existing shareholders […] The post
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
By Rashidatu IBRAHIM An economist and advisor on South-South Cooperation and Development Finance at the South Centre, a Geneva-based intergovernmental organisation, Yuefen Li, has urged African countries to enforce regulations that require multinational corporations to contribute a greater share of taxes for their operations within these nations. She noted that implementing such measures would serve […] The post
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 Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama has said that requests from the Ghana Grid Company (GRIDCo) for load management have become an irritation to customers. He explained that the requests have become so frequent that they are now a source of disturbance to customers. This is contained in […] The post GRIDCo’s
In a move that has been met with great enthusiasm following the government announced 58.26% increase in the producer price of cocoa, farmers have gone to town in jubilation. Read More... The post Cocoa Farmers Rejoice Over Jumbo Price Increase appeared first
The Local Organizing Committee (LOC) for the African Games has decided to compensate volunteers for the just-ended African Games held in Accra with an allowance of GHS1,000.00. This follows protests by the volunteers over unpaid stipends allegedly promised to them by the organizers. Some of the volunteers reportedly have to hold the Minister for Youth […] The post African
Aggrieved Customers of the defunct Gold Coast Fund Management have issued an ultimatum to government to release members’ locked up funds. They have given the government up to June 30, 2024 to respond to their concerns. Over 50,000 of customers have their investments locked up following the revocation of the company’s licence by the Securities […] The post Aggrieved
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