The Consolidated Bank Ghana (CBG) has raised some GHS150 million loan from Ghana’s stock market for Kasapreko Company Limited – an indigenous beverage manufacturer. The amount, the first tranche of GHS600m facility, would be used to support the Company’s working capital, finance capital expenditure, including expansion of operations, and refinance short-term debts. The debt instrument […] The post CBG
It has emerged that the prime suspect in the murder of the MP for Abuakwa North, JB Danquah Adu, Daniel Asiedu, aka Sexy Dondon, killed the slain Member of Read More... The post Sexy Dondon Killed J.B Danquah Adu– Investigator Tells
The Okyehene, Osagyefuo Ofori Panin, has given out acres of land to the Youth Employment Agency (YEA) for Youth in Agriculture project. The release of the land is in fulfilment of a promise he made to the YEA during a discussion with the former CEO. The Okyehene made the declaration of the release of the […] The post Okyehene fulfils promise; releases lands to YEA for Youth
The Vice-President, Dr. Mahamudu Bawumia, has said that the era where commercial drivers cheat their car owners by sharing revenue generated from the daily operations of the vehicle 50-50, would soon be a thing of the past, following the introduction of “Tap n Go” App, a technology meant to revolutionise commercial transport service in the […] The post Era of ‘ky3mp3’ with car owners is over
By Raghuram G. Rajan & Viral V. Acharya Almost a year after the mini banking crisis in the United States, it is worth revisiting the episode. Was it just a tempest in a tea-cup? Was there really a systemic threat, or was it just a problem with a few banks? Should the interventions by the […] The post The danger of forgetting the 2023 banking crisis appeared
The Member of Parliament for Damongo Constituency and Minister for Lands and Natural Resources, Samuel A. Jinapor, has criticized the National Democratic Congress (NDC) and its Presidential Candidate, John Dramani Mahama, regarding their 24-hour economy, describing it as a mere slogan. He mentioned that the NDC and Mr. Mahama, entrusted with the economy for four […] The post NDC
When it comes to fostering economic development and industrialisation in Africa, one cannot ignore the pivotal role of investment climate reforms. Historically, the investment climate in many African countries has been fraught with challenges, ranging from regulatory bottlenecks and political instability to inadequate infrastructure. The quest for attracting foreign direct investment (FDI) and stimulating domestic […] The post
By Isaac K. FRIMPONG Retirement age, a pivotal stage marking the withdrawal of statutory workers from active work, holds a unique significance in Ghana, much like in many countries globally. This is where retirees are expected to start enjoying pensions and other retirement benefits. In Ghana, the retirement age is 60 years (both male and […] The post Navigating
Managers of the Northern Regional Medical Stores say the facility can store vaccines in the right quantity for all the regions in Northern Ghana and some five others, should the need arise. Fuseini Abdulai, the Technical Officer in charge of Disease Control at the Northern Regional Medical Stores, disclosed that their days of rushing to […] The post Northern
Former Finance Minister Seth Terkper has expressed scepticism about President Nana Addo Dankwa Akufo-Addo’s decision to replace Ken Ofori-Atta with Dr. Mohammed Amin Adam as Finance Minister. According to Mr. Terkper, the change comes at a critical time when the country is under an IMF programme, suggesting that it might be too late for Dr. […] The post Amin
The Attorney-General and Minister for Justice, Godfred Yeboa Dame, has on behalf of the Government of Ghana executed the Ljubljana-The Hague Convention on the Investigation and Prosecution of Genocide, Crimes against Humanity, War Crimes and Other International Crimes (The Ljubljana-The Hague Convention) at the Peace Palace in The Hague, the Netherlands. The Ljubljana-The Hague Convention […] The post Ghana
The Member of Parliament for Bolgatanga Central, Isaac Adongo, has referred to President Nana Addo Dankwa Akufo-Addo’s removal of Ken Ofori-Atta as Finance Minister as mere ‘window dressing.’ Window dressing is the act or an instance of making something appear deceptively attractive or favourable. It can also mean something used to create a deceptively favourable […] The post Akufo-Addo’s
Israel has launched an “extensive wave of attacks” on Lebanon after a woman was killed and others injured in a rocket attack on northern Israel. Lebanese media reported that villages had been hit and buildings were on fire. Hezbollah, which is thought to have carried out the attack on Israel, has not claimed responsibility. The […] The post Israel launches ‘extensive’ strikes
The newly appointed Finance Minister, Mohammed Amin Adam, has declared his commitment to aggressively pursue revenue mobilization to bolster the country’s finances to meet expenditure targets. Amin Adam, appointed by President Akufo-Addo to succeed Ken Ofori-Atta on Wednesday, February 14, outlined his strategy during an interview on the Citi Breakfast Show on Thursday. Expressing his […] The post I’ll
Ken Ofori-Atta, the former Minister for Finance, will soon be named Senior Presidential Advisor on the Economy, The Chronicle has learned. He is also to be named as the President’s Special Envoy on International Investment and Capital Markets, deep-throat sources have told The Chronicle. The Minister for Finance is not the only person to be […] The post Ofori-Atta to be appointed
The Parliamentary Candidate for the Abuakwa South Constituency, Dr. Kingsley Agyemang, has urged students to draw inspiration from the life of the late Joseph Boakye Danquah. He also urged the students to carry the profound lessons from Danquah’s life and turn them into actions that propel Ghana forward with resilience, unity and steadfast commitment to […] The post Draw inspiration
By Philip Gebu The 2024 edition of National Chocolate Day was scheduled from 9 to 14 February. It is on the theme: “Eat Chocolate, stay healthy, grow Ghana” and sub-themed: “Explore Ghana, eat chocolate. Some activities scheduled for the celebration include a visitation to the Chief Imam, the Central and Cantonments Mosques, as well as […] The post
The University of Media, Arts and Communication (UniMAC), has announced the appointment of Prof. Eric Opoku Mensah, as the Acting Vice-Chancellor. His appointment is effective February 8, 2024. Prof. Eric Opoku Mensah takes over from the outgoing Vice-Chancellor Prof. Kwamena Kwansah-Aidoo, whose retirement is due. UniMAC in a statement dated February 15, 2024, highlighted the […] The post UniMAC
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Citi News has gathered that barring any last-minute decision, President Nana Addo Dankwa Akufo-Addo may announce a major shake-up in his government today, Wednesday, February 14th, 2024. This will mark Akufo-Addo’s major ministerial reshuffle since assuming office in January 2017. With barely ten months to the 2024 polls, the President is expected to announce significant […] The post Akufo-Addo
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