Ghana Christian High International School (GCHIS) demonstrated brilliance in the just-ended Dunkfest at the Association International School (AIS), Airport in Accra. The school emerged tops in both the boys and girls categories in an event which saw boxing greats professor Azumah Nelson, Joseph King Kong Agbeko, former IBF Bantamweight champion, Lebanese Ambassador to Ghana and […] The post Ghana
An Accra High Court has granted Member of Parliament (MP) Rockson-Nelson Dafeamekpor’s expedited hearing motion application that is seeking to compel President Nana Addo Dankwa Akufo-Addo to accept and assent to or otherwise, the Human Rights and Family Values Bill 2024. The South Dayi lawmaker maintained that the case has “important constitutional considerations and must […] The post Anti-LGBTQ
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
The parents of a Michigan teenager who shot dead four fellow students are due to be sentenced on Tuesday, marking the end of a landmark criminal case. James and Jennifer Crumbley were both found guilty of manslaughter and each face up to 15 years in prison. Jurors found they ignored their son’s mental health needs […] The post James and Jennifer
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:
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, is wondering how the commercial banks are going to break even and increase lending to the private sector vis-a-vis the Bank of Ghana’s higher cash reserve requirement for commercial banks. To him, the higher cash reserve requirement for commercial banks. counterproductive […] The post How
The Electricity Company of Ghana (ECG) has announced a reduction in power supply to its Mobile Bulk Supply Point in the Tema region, resulting in widespread power outages across various areas. Communities affected by these outages include Afienya, The Quarries, Christian International School, and Otsebreku. Additionally, establishments such as the Ghanaman Soccer Academy, Hot Oven, […] The post ECG
The Department of Parks and Gardens has issued a stern warning to private developers encroaching on their land. The department has threatened to demolish all illegal structures on their lands. This action follows a recent Citi News report on land encroachment in the Upper West region, where a fuel station has been erected on the […] The post Parks and Gardens to demolish illegal
The 13-year-old girl married to the 63-year-old Gborbu Wulomo is expected to be returned to her biological parents on Friday, April 12, 2024, according to Child Rights International (CRI). There was a public uproar when the marriage ceremony between Ga priest, Nuumo Borketey Laweh XXXIII, also known as Gborbu Wulomo, and Naa Okromo went viral. […] The post Underage
Customers of Gold Coast Fund Management in the Ashanti region have issued an ultimatum to the government to return their locked-up investments or they will campaign against the party in the upcoming elections. The customers, who are agitated and frustrated, have set a deadline of June 30, 2024, for the return of their funds. In […] The post Aggrieved
Service standard concerns Freight rates standardisation Transparency and predictability By Mohammed AWAL The Chief Executive Officer (CEO) of the Ghana Shippers’ Authority (GSA), Kwesi Baffour Sarpong, has requested that shipping line charges in the sector be predictable, competitive, transparent and uniform. In his opening remarks during a meeting with the Ship Owners and Agents Association […] The post
A Brazilian judge has opened an investigation of Elon Musk for obstruction of justice after the tech mogul said he would defy a court order to remove X accounts accused of spreading disinformation. In a decision on Sunday, Supreme Court Justice Alexandre de Moraes said the probe will examine whether Musk, who owns X, engaged […] The post Brazilian judge orders
Deputy Minister for Foreign Affairs and Regional Integration, Kwaku Ampratwum-Sarpong, has asserted that Ghana’s international image has not been affected following the passage of the Anti-Gay Bill. Although the Human Sexual Rights and Family Values Bill was approved by Parliament in February, it still awaits presidential assent. In an interview with Citi News, Mr. Ampratwum-Sarpong […] The post Ghana’s
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
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
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
Credit to the private sector by banks will continue to squeeze due to the Bank of Ghana’s high Credit Reserve Ratios (CRR). This is one of the key findings and conclusion of a research paper by banking consultant, Dr. Richmond Atuahene and data and research analyst, Isaac Kofi Agyei. The report titled ‘Thirsty Banks: Ghana’s […] The post BoG’s
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
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
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
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