Business
World Bank predicts significant drop in global food prices in 2025
The World Bank has recently released its April 2024 Commodity Outlook Report, which predicts a substantial drop in global food prices in 2024, with a projected 6 per cent decrease, followed by an additional 4 per cent decline in 2025. This decrease is mainly attributed to lower prices for grains, oils, and meals, while other […]
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Featured
GRA-SML deal: KPMG’s selection an illegality, unprofessional behaviour – Domelevo
Former Auditor-General Daniel Yaw Domelevo has criticised the selection of KPMG to audit the contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML), describing it as illegal and unprofessional behaviour. President Nana Addo Dankwa Akufo-Addo ordered KPMG to audit the contract between the two entities on January 2, 2024. Following the […]
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Editors Pick
Power Outages Being Resolved – Neil Owusu writes
In recent times we have been grappling with erratic power outages. These unpredictable and frustrating disruptions of electricity supply has been attributed to various factors including aging infrastructure, maintenance issues, transmission challenges, illegal connections to name a few. This unwelcome guest has left Ghanaians and businesses in the dark and seeking answers. However, amidst this […]
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General
Somanya Polyclinic shuts down units during power outages due to inefficient generator
Some critical units of Somanya Polyclinic in the Eastern Region are shut down whenever there is a power outage in the area. Kafui Wuttor, Head of Administration for Somanya Polyclinic, noted that the hospital’s generator has limited capacity and cannot power the entire facility, causing disruptions to other essential services including the laboratory. Kafui Wuttor […]
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Editors Pick
‘Dumsor’ vigil to hit Accra
‘Dumsor’ Vigil to hit Accra After what organizers and patrons described as a successful Kumasi edition, plans are underway to bring the ‘Dumsor’ Vigil to the capital city, Accra. Explaining the reason behind the decision to replicate the same vigil that took place in Kumasi on April 17, 2024, Henry Osei Akoto, one of the […]
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Paa Kwesi Fabin criticises judging coaches only by results
Legon Cities coach Paa Kwesi Fabin has voiced his concerns over the practice of evaluating coaches solely based on results, arguing that such an approach is unjust and fails to account for the multitude of factors involved in the game. In a candid interview with 3Sports, the former Kotoko and Hearts of Oak gaffer expressed […]
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General
President Akufo-Addo inaugurates 15KW VRA Solar Power Plant at Kaleo
By Sualah Abdul-wahab President Akufo-Addo has inaugurated a 15KW Solar Power Plant phase two project at Kaleo in the Nadowli-Kaleo District of the Upper West Region. The plant constructed by the Volta River Authority with support from the German Development Bank is expected to increase Ghana’s and VRA’s generation capacity and diversity by adding more […]
Business
Minority demands publication of KPMG audit report on SML-GRA contract
The Minority in Parliament is demanding the publication of the KPMG audit report on Strategic Mobilization Ghana Ltd (SML) and Ghana Revenue Authority (GRA) contract. President Akufo-Addo has stated that the SML Downstream petroleum service is needed however the Ministry of Finance (MoF) and the Ghana Revenue Authority (GRA) will have to renegotiate the fee […]
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Business
Lay KPMG audit report on SML-GRA contract before Parliament – Adongo tells Akufo-Addo
Isaac Adongo, Ranking Member on the Finance Committee of Parliament has asked President Nana Addo Dankwa Akufo-Addo to lay KPMG’s audit report on the revenue mobilisation agreement between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) before Parliament. KPMG, an auditing firm, has finalised and presented its report on the GRA-SML contract […]
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Business
NDC will create women millionaires through establishment of Women’s Bank – Jane Opoku-Agyemang
Professor Jane Naana Opoku Agyemang, running mate to National Democratic Congress (NDC) flag bearer John Mahama, announced plans to create women entrepreneurs and millionaires through the strategic establishment of a Women Development Bank. “We will actively pursue the establishment of a Women Development Bank to nurture and grow women-owned, women-led businesses,” Opoku Agyemang stated. “Women […]
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Headlines
Kofi Amoaben endorses Mahama as right leader for Ghana in 2025
Businessman Prince Kofi Amoaben has expressed his confidence in former President John Dramani Mahama as the ideal leader to steer Ghana toward economic development and prosperity. Amoaben, the co-founder of the defunct UT Bank, averred the potential benefits of Mahama’s experience as a returning leader during his remarks at a fundraising dinner hosted by the […]
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Business
Release KPMG’s report on GRA-SML probe – Bright Simons to Akufo-Addo
Vice President of IMANI Africa, Bright Simons has called on President Akufo-Addo to make public the KPMG’s report on the investigation conducted on the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML) deal. President Akufo-Addo says the SML Downstream petroleum service is needed however the Ministry of Finance (MoF) and the Ghana Revenue […]
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Business
GRA clarifies taxes for resident individuals in Ghana
The Ghana Revenue Authority (GRA) has clarified the status of resident individuals for tax purposes. According to the GRA, the clarification is on the back of concerns raised by the general public on the tax status of individuals who earn incomes abroad and whether they are deemed by the Tax laws as “resident individuals” for […]
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Headlines
Stop the pressure on Bawumia to select your preferred candidate as running mate – Pro-NPP group
Pro-New Patriotic Party group known as Patriotic Movement for Dr. Bawumia based in the Ashanti region made up of constituency executives and grassroots supporter of the Party executive are urging the party’s Flagbearer Dr. Mahamudu Bawumia, to ignore pressure from certain groups within the party to select their preferred candidate as his running mate for […]
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Business
Former PPA CEO pleads not guilty to fresh charges, granted GHc4m bail
The former Chief Executive Officer (CEO) of the Public Procurement Authority (PPA) Agyenim Boateng Adjei has pleaded not guilty to fresh charges by the Office of the Special Prosecutor (OSP). This comes barely an hour after the OSP dropped charges against him and his brother-in-law Francis Kwaku Arhin in the previous charge sheet filed on […]
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Business
Domestic capital market still a viable source of funding – Kobby Bentsi-Enchill
The Head of Investment Banking at Stanbic Bank Ghana, Kobby Bentsi-Enchill, has emphasized the importance of the domestic capital market as a viable and sustainable source of funding for businesses. Mr. Bentsi-Enchill said this at the issuance of Letshego’s newly established and expanded GHS 500 million bond programme at the Ghana Stock Exchange. Speaking on […]
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General
OSP files fresh charges against Former PPA Boss Adjenim Boateng Adjei
By Beatrice Oppon The Office of the Special Prosecutor (OSP), has filed fresh criminal charges against former CEO of the Public Procurement Authority (PPA), Adjenim Boateng Adjei. The new charges are made up of eight counts of using public office for profit and nine counts of directly and indirectly influencing the procurement process to obtain […]
General News
Communications Minister urges public to desist from dealing in pre-registered SIMs
Source: GNA Mrs. Ursula Owusu-Ekuful, Minister for Communications and Digitalisation, has cautioned members of the public to desist from dealing in pre-registered SIM cards since it is illegal and an offence liable for prosecution. She explained that “Dealing in this context comprises the individual, who sells the pre-registered SIM as well as the buyer or […]
Business
Stanbic holds talks with Chinese ambassador over enhanced Ghana – China Trade Ties
The Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, together with some Senior Executives of the bank recently met with the Chinese Ambassador to Ghana, H.E. Lu Kun, to promote deeper trade and investment ties between Chinese and Ghanaian businesses. During the meeting, Mr. Asomaning underscored the importance of the strategic partnership between Standard Bank, […]
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Business
Stanbic executive calls for involvement of financial institutions in wholesale electricity market
Sydney Nii Ayitey Tetteh, Executive Vice President, Energy and Infrastructure at Stanbic Bank Ghana, has emphasized the important role of financial institutions in the soon to be implemented wholesale electricity market. He made this statement at the Electricity Market Conference held at the Volta Residence, Akuse in the Eastern Region. The Electricity Market Conference had […]
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