Ghana has made “significant progress” in debt-restructuring negotiations and the latest snag that sent its eurobonds tumbling on Monday will be ironed out in further talks with bondholders, Finance Minister, Mohammed Amin Adam said. Negotiations that started mid-March resulted in an interim deal last week, with international investors holding about 40 per cent of Ghana’s … The post We
The Management of the Ghana Water Company Ltd (GWCL) says the GH¢1.2 billion debt owed by customers is having a negative impact on the operations of the company. “ As a utility company mandated by law to ensure access to clean water, the company is committed to providing reliable services, however, the GWCL is persistently … The post Customers’ GH¢1.2 billion
The OmniBSIC Bank, thought to be the fastest growing bank in the country, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 per cent to GH¢150.6 million in … The post OmniBSIC Bank posts historic GH¢150m
By Joshua Worlasi AMLANU [email protected] Finance Minister Dr. Mohammed Amin Adam has assured that government is pushing forward with its debt negotiations, determined to reach an agreement with its creditors that is acceptable to all parties while staying within the sustainability targets of its IMF-supported economic programme. Ghana is aiming to cut US$10.5billion from its […] The post
Ghana has been eliminated from the 2024 Futsal Africa Cup of Nations after a defeat to Angola on Monday night. Ghana faced Angola in a must-win match looking to give themselves a chance of progressing from the group stage but However, ended up on the losing side once again as they lost 11-3. Angola entered […] The post Futsal AFCON 2024: Ghana exits competition after losing to
Dr Mohammed Amin Adam, the Minister of Finance, has outlined key performance indicators that led to the successful completion of the Second Review by the International Monetary Fund (IMF). On Saturday, April 13, 2024, the IMF disclosed that it had reached a staff-level agreement on the second review of the extended credit facility with Ghana. […] The post IMF
The Ministry of Finance and the Bank of Ghana have shown a steadfast commitment to a set of policies right from the beginning of the implementation of the $3 billion programme with the International Monetary Fund (IMF) under very difficult circumstances, Governor of the central bank, Dr Ernest Addison has said. He stated that they […] The post $3bn deal: We are beginning
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has expressed optimism that the successful second review of the programme with the International Monetary Fund (IMF) will lead to the release of the 3rd tranche. The country had already received two tranches, $600million each. The release of the third tranche would increase the total […] The post IMF deal:
The Minister for Finance, Dr Mohammed Amin Adam has stated that the effective implementation of the programme with the International Monetary Fund (IMF) is yielding some good results. He says the country is now witnessing relative macroeconomic stability and seeing signs of economic recovery. Speaking at a joint IMF, Ministry of Finance, Bank of Ghana, […] The post Govt
The Economic and Organised Crime Office (EOCO) has concluded its investigations into alleged organised crime in the award of contracts at the Ministry of Roads and Highways. The probe stemmed from claims made by Professor Stephen Adei, a former Rector of the Ghana Institute of Management and Public Administration (GIMPA). In October 2023, Professor Adei […] The post EOCO
Two men were reported dead and three injured when some Kplejoo groups clashed with the Navy at Tema Newtown during the final procession of the Kplejoo festival. The Ghana News Agency (GNA) reports that as part of the festival, the groups on the evening of last Friday, went on their usual annual procession throughout the … The post 2 dead, 3 injured in Navy, Kplejoo appeared first on Ghanaian
The Ghana Revenue Authority (GRA) has handed over 14 out of the 182 containers of locked-up pharmaceutical products needed in the fight against HIV/AIDS, malaria and tuberculosis to the Ministry of Health. The essential medical commodities, including antiretroviral drugs for HIV patients, were stuck at the Tema port for almost a year due to the … The post GRA
Ghana is expected to receive about US$360 million from the International Monetary Fund (IMF) following a staff-level agreement reached between the government and staff of the Fund. However, this agreement, which is on the second review of the country’s economic programme under the US$3 billion Extended Credit Facility arrangement, is subject to IMF’s management approval … The post IMF
The Minister of National Security, Mr Albert Kan- Dapaah, has advocated homegrown initiatives in curbing security threats in West Africa. Mr Kan-Dapaah stressed that developments in West Africa were “emblematic of the chaos and crisis” that had characterised the world in the past decade; the magnitude of which remains unprecedented since the end of the … The post Support
The President, Nana Addo Dankwa Akufo-Addo, over the weekend launched an endowment fund for the Anglican University College of Technology (ANGUTECH) with a call on adherents of the Anglican faith and public-spirited individuals to contribute to the fund. The fund, which seeks to raise a minimum of $2 million, is to support the recapitalisation of … The post President
The Second Vice Chairman for the Ejisu Constituency of the New Patriotic Party (NPP), Mr Kwabena Boateng, emerged victorious as the Party’s Parliamentary Candidate ahead of the upcoming general election. He polled 394 votes in the Saturday’s primary, outperforming his closest competitor, Helena Mensah, who garnered 302 votes, with Yaa Akyemaa Aboagye trailing with 229 … The post Kwabena
The GaDangme Council strongly condemns the use of live ammunition by the Navy during the traditional festival and calls for a thorough investigation into the incident. According to the Read More... The post GaDangme
Mohammed Amin Adam In a press briefing held on Saturday, Finance Minister Mohammed Amin Adam assured Ghanaians that the government is committed to not burdening citizens with more taxes. Read More... The post Government Assures Ghanaians Of No New Taxes appeared
The Ministry of Transport has directed the Ghana Police Service and other security agencies to arrest any commercial driver who has resorted to charging new transport fares outside the existing one, thereby, putting undue burden on commuters. In a statement signed by its Public Relations Unit and released in Accra on Sunday, April 14, 2024, […] The post Arrest
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has stated that in Ghana’s recent history, the country has not been able to successfully implement a programme with the International Monetary Fund (IMF) in an election year without derailment. However, he has assured that the government and the central bank are committed to changing […] The post In
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