The Supreme Court has recommended to stakeholders in the country to approach the discussions on Article 71 officers holder “with a sober contemplation of its purposes, intents, and opportunities for a national growth.” The apex Court panel of seven chaired by Chief Justice Gertrude Sackey Torkornoo on April 24, 2024, said parliament approval of Prof. […] The post Full
As Ghana’s banking sector approaches the crucial milestone of publishing financial results by the end of April 2024, it’s essential to remember that these figures are not mere numbers but a measure of the health of our financial institutions, which is the backbone of our nation’s economic prosperity. Financial results of banks offer valuable insights […] The post Icebergs
The ministry of finance has affirmed that ongoing negotiations regarding debt restructuring with creditors have not culminated in failure. Through a tweet, the ministry clarified that an interim agreement has been reached between Ghana and bondholders, but adjustments are necessary to align with IMF debt sustainability targets. “Ghana and Bondholders reached an interim deal, which […] The post
The Board of Cal Bank Ghana PLC has approved a GHS 600 million renounceable rights issue to be sourced through private placement of ordinary and preference shares to new investors. The issuance comprises 1,872,461,736 ordinary shares of no-par value, priced at GHS 0.29 pesewas per share, and 196,503,781 preference shares of no-par value, also priced […] The post CAL
By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […] The post The
By Joshua Worlasi AMLANU In a comprehensive update on Ghana’s debt restructuring programme, Finance Minister Dr. Mohammed Amin Adam has highlighted the government’s ongoing efforts to restore fiscal sustainability and foster economic recovery. Speaking at a press briefing, the Minister emphasised the significance of upcoming discussions with bondholder representatives to advance restructuring engagements. “In the […] The post
John Abdulai Jinapor, ranking member on Parliament’s Mines and Energy Committee, has asserted that the next NDC government, under the leadership of John Dramani Mahama, will inherit a weakened and anemic energy sector. He said this when he appeared on TV3’s Hot Issues programme on Sunday, March 24. According to the former deputy energy minister, […] The post Mahama
Member of Parliament (MP) for the Yapei-Kusawgu constituency and Ranking Member on the Mines and Energy Committee of Parliament, John Abdulai Jinapor, has characterised President Akufo-Addo’s letter to Parliament as “disrespectful and insulting”. He said the President could have communicated his position in a more decorous manner rather than seeking to instruct Parliament to “desist […] The post Anti-gay
By Buertey Francis BORYOR The Institute of Statistical Social and Economic Research (ISSER) of the University of Ghana has called for a review of the Special Drawing Rights (SDRs) allocation framework. The SDRs is an international reserve asset created by the IMF to supplement the official reserves of its member countries. ISSER proposed that allocations under SDRs, an international […] The post
The latest data from the Bank of Ghana (BoG) has revealed that Ghana’s public debt climbed to a staggering GH₵610 billion as of December 2023. This figure reflects an Read More... The post Ghana’s Public Debt Hits
Daniel Yao Domelevo, former Auditor-General, has attributed the surge in corruption and corruption-related offenses in the country to less punitive measures and weaknesses in the system to apprehend perpetrators. He said that when there is no control mechanism to track the activities of citizens, people are likely to take advantage of the situation. The former […] The post Less
The Human Rights division of the High Court has adjourned the case involving the office of the Special Prosecutor and Charles Bissue to April 17, 2024. This delay stems from the fact that the case has yet to be assigned to a new judge following the retirement of Justice Nicholas Abodakpi, who previously presided over […] The post Court adjourns Special
The Office of the Judicial Secretary has rescinded its decision to demand Ghana Cards before releasing court documents to interested parties. In a circular supposedly issued by the Judicial Secretary, Justice Cyra Pamela C.A Koranteng, dated January 31, 2024, individuals seeking judgments were to present their Ghana Cards as a form of identification for obtaining […] The post Judicial
By Bernard Yaw ASHIADEY, Atlanta-Georgia Delta Air Lines has assured the Ghanaian travelling public that the international airline is duty-bound to ensure standards are the same across the globe irrespective of where it is flying from or where its final destination is. Rahsaan Johnson, Managing Director, International Communications at Delta, noted that recent suggestions that […] The post
The government paid a total of GH¢300,385,317.52 as judgement debt between 2017 and 2022. The Ministry of Finance made this known in an updated information on judgement debt payment dated August 2023. The Ministry revealed that the payments were made to over 60 individuals and organisations. For instance, in 2017, Albert Osei was paid GH¢279,412.83; […] The post Over
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
Charles Bissue Charles Bissue, a former Western Regional Secretary of the New Patriotic Party (NPP), won the party’s parliamentary primaries in the Essikado-Ketan Constituency of the Western Region on Read More... The post Charles Bissue Wins In Essikado-Ketan appeared
Assistant Commissioner of Police (ACP), Dr. Benjamin Kwasi Agordzo, an alleged coup plotter has disclosed what he suspects to be the motivation behind his arrest, detention and subsequent acquittal of charges against him. The retired senior police officer said the whole case brought against him by the state stems from a statement he made to […] The post My trial was
Retired Assistant Commissioner of Police (ACP), Dr. Benjamin Agordzo, has revealed he slept well on his first night of detention at the Bureau of National Investigation (BNI), now the National Intelligence Bureau (NIB), due to his conviction that the state has no case against him. Dr. Benjamin Agordzo was detained for the offence of abetment […] The post ‘I slept like
Alhaji Collins Dauda, former minster for Works and Housing, according to a Prosecution Witness, Rev. Stephen Yaw Osei, did not issue an interim payment certificate, regarding the Saglemi Housing Project. He said this in court last week during cross examination. Mr Collins Dauda and others have been accused of causing financial loss to the state […] The post Colins Dauda Did Not Issue Interim
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