The Bank of Ghana (BoG) has appointed Dr Joseph O. France as a Management Advisor to the Universal Merchant Bank Ltd. (UMB). Dr. France’s role will involve advising UMB’s management, monitoring its recapitalization efforts, and overseeing governance reforms agreed upon with the Bank of Ghana. The appointment is in accordance with section 101(1) of the […] The post BoG
The Bank of Ghana (BoG) says it remains committed to promoting a sound and resilient banking sector that retains the trust and confidence of the general public. The central bank said this while announcing that it has appointed Dr. Joseph O. France as an Advisor to advise the management of Universal Merchant Bank LTD (UMB) […] The post Bank
The management of the Ghana Revenue Authority has celebrated its outgone Commissioner-General Rev. Dr. Ammishaddai Owusu-Amoah. They commended him for his exceptional leadership and immense contribution to the operations of GRA, especially in the area of digitalization and wish him well in his future endeavours. President Akufo-Addo on March 28, 2024, appointed Madam Julie Essiam […] The post GRA
Former Director of Public Relations and External Affairs at the Public Utilities Regulatory Commission (PURC), Nana Yaa Jantuah has said that the governing New Patriotic Party (NPP) erratic power supply (Dumsor) that happened under the Mahama administration as a political tool to come into the office. Now, she said, the NPP is faced with the […] The post NPP
The Public Utility Workers Union (PUWU) has waded into the erratic power supply situation (dumsor) in the country, calling on the regulator, the Public Utility Regulatory Commission (PURC), to demand power supply data from the power producers. The union maintained that the power distributor, the Electricity Company of Ghana (ECG), is experiencing less supply of […] The post Erratic
The Minority in Parliament is urging health facilities to be exempted from the current unannounced and unscheduled electricity load shedding by the Electricity Company of Ghana (ECG). They are also advocating for an audit to determine the capacity and reliability of alternate power supply systems in hospitals. “The Ministry of Energy, in collaboration with relevant […] The post Exempt
The National Labour Commission (NLC) has secured an interim injunction to halt the strike by the three teacher unions. The teacher unions have been striking since March 20, 2024, demanding better conditions for their service. However, a High Court has restrained the teachers from further continuing their strike. “It is hereby ordered that the Respondents […] The post NLC
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
The National Communications Authority (NCA) has announced that barring any unforeseen circumstances, the full restoration of the cables that disrupted internet connectivity is expected to be completed by 9th May 2024. In its sixth update sighted by Citi News on Thursday, the NCA revealed that it had liaised with the four Submarine Cable Service Providers […] The post Network
The Electricity Company of Ghana Limited has pointed to the Ghana Grid Company Limited (GRIDCo) as the cause of the recent power outages in parts of the Central Region. The ECG states that GRIDCo has curtailed power supply to its Cape Coast and Kasoa Bulk Supply Points, leading to outages in areas such as Praso, […] The post ECG blames GRIDCo over ‘Dumsor’
Joe Jackson, the Director of Business Operations at Dalex Finance, has assured customers of the Universal Merchant Bank Ltd. (UMB) that there is no cause for alarm regarding the Bank of Ghana’s (BoG) monitoring of the bank’s recapitalisation efforts. He urged customers to have confidence in the central bank’s role. The BoG has appointed Dr […] The post UMB
By Ebenezer Chike Adjei NJOKU [email protected] The Ghana Stock Exchange (GSE) is pushing for the reinstatement of the capital gains tax exemption on listed securities, with Managing Director Abena Amoah confident it would deepen investor participation and solidify the bourse’s gains. She believes the tax break, coupled with tax incentives for listing companies, would significantly […] The post
By Rashidatu IBRAHIM MTN Ghana paid GH¢5.9 billion in direct and indirect taxes, along with an additional GH¢0.4billion in fees, levies and other payments to government agencies last year. Together, these payments represents 47.1 percent of MTN’s total revenue paid to the government for the 2023 financial year. This was revealed by its Board Chairman, […] The post MTN
The government has initiated a resettlement programme for communities affected by the Akosombo Dam spillage. Spearheaded by the Ministry of Works and Housing, this initiative aims to provide new homes for individuals whose residences were destroyed by the floods. According to data from the National Disaster Management Organization (NADMO), more than 5,200 households in 19 […] The post Govt
The director in charge of the volunteers for the 13th African Games, Juliana Addo-Yobo, says the Ministry of Sports is working on settling all volunteers for the games. The volunteers on Tuesday were agitated over what they say is the failure of authorities to release the GH¢2,500 promised them ahead of the competition. The volunteers […] The post Accra 2023:
The Minority Caucus in Parliament has indicated that it will reveal further details regarding mismanagement in the organization and execution of the 13th African Games. In a press briefing held on Tuesday, the Caucus unveiled that despite Parliament’s approval of $195 million for infrastructure enhancements linked to the games, the government’s mismanagement led to a […] The post All
The Majority Leader and MP for Effutu, Alexander Afenyo-Markin, has credited Ghana’s resilience and stability in the face of global challenges to the foresight of President Nana Addo Dankwa Akufo-Addo. During a University of Bradford event, the MP remarked on the global economic challenges, stating, “Ghana stands as a beacon of resilience.” “It is important […] The post Akufo-Addo’s
The three striking teacher unions are scheduled to meet with the government today to finalize discussions on their outstanding demands. On Tuesday, the unions achieved success in having the government address three of their concerns, including the full distribution of laptops to all teachers by the end of June and presenting a draft of the […] The post Striking
In a significant step towards advancing governance in one of the fastest-growing public universities in Ghana, the Ministry of Education has officially inaugurated the Governing Council of the University of Media, Arts, and Communication (UniMAC) and sworn in its members. The ceremony was held at the ministry’s conference room on Monday, the 25th of March […] The post UniMAC
The Locked-up Investment Holders Forum will hold a protest today, Wednesday, March 27, 2024, against the Bank of Ghana (BoG). The demonstration aims to urge the central bank to address the issue of investments trapped in BoG-regulated financial entities. In a statement, Dr. Adu A. Antwi, the group’s convener, announced that participants would gather at […] The post Locked-up
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