Banking & Finance
OmniBSIC Bank makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, 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 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
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Business
Ghana’s medium-term macroeconomic outlook positive – Amin Adam
The Minister of Finance, Dr Mohammed Amin Adam, has reaffirmed that Ghana’s medium-term macroeconomic outlook and prospects remain positive and promising. He also highlighted the government’s dedication to implementing comprehensive structural reforms to bolster growth and enhance revenue mobilisation. Speaking during a joint press conference by the government of Ghana and the International Monetary Fund […]
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Business
We won’t overburden Ghanaians with taxes – Amin Adam assures
The government is determined not to overburden Ghanaians with the payment of more taxes, Dr Mohammed Amin Adam, the Finance Minister, has assured. Rather, the government would ‘use the hard way’ to collect revenue from those who have not been paying the appropriate taxes, as well as those who have been evading taxes in the […]
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Business
IMF deal: Performance indicators contributed to completion of 2nd review – Amin Adam
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. […]
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Featured
Rebranding of Ameri Power Plants an attempt to hoodwink voters – Edudzi
Godwin Edudzi Tameklo, the Director of Legal Directorate for the National Democratic Congress (NDC), has expressed concerns about the government’s alleged plan to rename the Ameri Power Plant as the Kumasi 1 Thermal Power Plant. The Volta River Authority in a recent Facebook post announced the commissioning of the Kumasi 1 Thermal Power Plant (K1TPP) […]
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Headlines
MOF, GRA & MOH collaborate to clear pharmaceuticals from port
In a collaborative effort to address the pressing healthcare needs of the nation, the Ministry of Finance (MOF), Ghana Revenue Authority (GRA), and Ministry of Health (MOH) have joined forces to expedite the clearance of crucial pharmaceuticals supplied through the Global Fund, from the Tema port. Amidst concerns over the delay in releasing medical supplies, […]
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World News
Iranian troops seize Israel-linked ship
Iran has seized a commercial ship with links to Israel as it passed through the Strait of Hormuz early on Saturday. The MSC Aries was boarded by Iranian special forces about 50 miles (80km) off the coast of the United Arab Emirates, a statement from the vessel’s operator MSC said. Footage obtained by Reuters news […]
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World News
Dozens stranded, ten injured, one killed in Turkey cable car crash
One person has been killed and 10 others injured after a cable car cabin collided with a broken pole and burst open in southern Turkey. Passengers plummeted to the ground following the crash on Friday evening after the supporting pylon collapsed near Antalya. The whole cable car system was immobilised while emergency workers tried to […]
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World News
Biden vows US support for Israel after Iran attacks
US President Joe Biden has condemned the Iranian drone attacks on military facilities in Israel, reiterating Washington DC’s “ironclad” support and a coordinated Group of Seven (G7) diplomatic response, even as reports started to emerge that he is also seeking to de-escalate the situation. Biden cut short a trip to Delaware and returned to the […]
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Business
Ghana will have lowest tax rate in ECOWAS under my presidency – Alan
The founder and leader of the Movement for Change, Alan Kyerematen, has pledged to abolish several taxes imposed on imports that he said are unnecessary and a huge burden to the trading community. Mr. Kyerematen made the pledge in an engagement with members of the Ghana Union of Traders Association (GUTA). He said the abolishment […]
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Featured
We must be more self-reliant as a continent – Mahama tells African leaders
Former President John Dramani Mahama has said that there are several opportunities that African leaders can take advantage of to make the continent self-reliant. He said this while urging the African leaders to work to ensure that the continent is more self-reliant. Mr Mahama was answering questions in a panel discussion during the 2nd edition […]
The post We must be more self-reliant
News
Offinso Kayera Youth Group tells Bryan Acheampong to ‘Drop MP and come home as Chief’
The youth of Offinso Kayera in the Ashanti Region are calling on the Minister for Food & Agriculture, Bryan Acheampong to serve ‘home’ as their chief following the death of Karikari Wiafi-Ababio. At a press conference, the group believed Dr Bryan Acheampong, a royal from the Ayensua Kokoo Asona Abusua royal gate, will champion development. […]
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Featured
Rotary Int’l confers prestigious Paul Harris Fellow’s medal on Dampare
Rotary International has conferred its most prestigious fellow’s medal on the Inspector-General of Police Dr George Akuffo Dampare. The prestigious Paul Harris Fellow’s medal was conferred on the IGP during the Rotary International District 9104 Official District Conference in Kumasi which the Asantehene Otumfuo Osei Tutu attended. This recognition celebrates Dr Akuffo Dampare’s exceptional leadership […]
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World News
Somali pirates free ship after ransom reportedly paid
Somali pirates have released a Bangladesh-flagged vessel and its 23-member crew after a ransom was reportedly paid. The MV Abdullah was carrying coal from Mozambique to the United Arab Emirates (UAE) when it was hijacked off Somalia’s coast about a month ago. The pirates alleged that they received $5m (£4m), but there is no independent confirmation […]
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General News
Ada Foah chieftaincy blues: Dugbateys-Obuade- Tetteygah family wants NHC to be fair
The Obuade Tetteygah family of Ada-Foah is appealing to the National House of Chiefs to hear the application of leave before it by the Dugabtey Gate of Ada-Foah to enable them to proceed to the Supreme Court to seek redress on a seething chieftaincy dispute in the area. To the family, the National House of […]
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General News
2023 STEMNNOVATION winners leave for Japan
Winners of the 2023 STEMNNOVATION competition organized by the Free Senior High School Secretariat of the Ministry of Education last year left Ghana for Japan last week Saturday. The five students and an official of the Education Ministry will be out of the country for one-week and while in Japan, they will participate in an […]
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General
EOCO clears Roads Ministry of corruption allegations in contract awards
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 […]
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General
GTEC introduces framework to make higher education accessible
The Ghana Tertiary Education Commission (GTEC) is introducing a framework to break down barriers that hinder access to education for all Ghanaians in the tertiary space through distance learning. The Commission, together with other relevant stakeholders are advocating for a system that pushes for inclusivity and the use of technology. Speaking at a Stakeholder Dialogue […]
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General News
Persons Living with HIV plead withgov’t not to put their lives in danger
The Secretariat of the Ghana Network of Persons Living with HIV (NAP+ Ghana) alongside individuals receiving care have sent an SOS message to the President, Nana Addo Dankwa Akufo-Addo, to prioritise their health needs by ensuring that the country does not run out of essential medications that contribute to sustaining their lives. Stock-out of these […]
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