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
French President Emmanuel Macron says the Paris Olympics opening ceremony could move from the River Seine if the security risk is too high. Mr Macron said it could be “limited to the Trocadéro”, across the Seine from the Eiffel Tower, instead of covering the planned stretch of the river. He added that it could even […] The post Macron says Paris Olympics opening ceremony
The look on her face was priceless; shock, disbelief and grief mixed with relief as her eyes glistened with tears. “So, I’m not a witch after all, I did not kill my sons” …. And she kept repeating those words. Why didn’t anyone tell her this earlier, but alas better late than never. A cloud […] The post World Haemophilia Day:
The Minister for Finance, Dr. Mohammed Amin Adam, is leading Ghana’s delegation to the IMF/World Bank Spring Meetings taking place in Washington DC. The delegation, which is made up of officials from the Finance Ministry and the central bank, include Abena Osei Asare, Minister of State at the Finance Ministry; Fatimatu Abubakar, Minister for Information; […] The post
The National Service Scheme (NSS) has called on President Nana Akufo-Addo to swiftly sign the Ghana National Service Authority Bill 2024 into law. The move aims to grant the secretariat authority and autonomy, as stated by the NSS during the policy launch on April 15, 2024. The Executive Director of NSS, Osei Assibey Antwi, emphasized […] The post NSS urges Akufo-Addo
Stanbic Bank Ghana, a subsidiary of the Standard Bank Group, has signed a Memorandum of Understanding (MOU) with the Ghana Medical Association (GMA) aimed at offering tailor-made financial solutions to members of the GMA. Speaking at the MOU signing ceremony at Stanbic Heights in Accra, Kwamina Asomaning, Chief Executive of Stanbic Bank said health is […] The post
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 […] The post OmniBSIC
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 […] The post Ghana’s
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 […] The post We won’t overburden Ghanaians
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
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) […] The post Rebranding
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, […] The post MOF,
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 […] The post Iranian troops seize Israel-linked ship appeared first on The
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 […] The post Dozens stranded, ten injured, one
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 […] The post Biden vows US support for Israel
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 […] The post Ghana will have
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 […] The post Rotary
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 […] The post Somali pirates free
The Minister for Works and Housing, Kojo Oppong Nkrumah has tasked contractors working on the Greater Accra Resilient and Integrated Development (GARID) project to expedite construction works to mitigate the risk of flooding in the Capital during the rainy season. The Minister’s directive came in a meeting on Friday, April 12, 2024, with project coordinators […] The post Work
The Government is seeking to plug the revenue gap created as a result of the abandoned VAT on electricity with a tax on the foreign incomes of resident Ghanaians. At the beginning of the year, the government introduced a value-added tax on electricity, however, it was forced to abandon the initiative following a public backlash. […] The post Govt
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