By Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […] The post The
The total number of electricity customers in Nigeria stood at 12.12 million in the fourth quarter of 2023, data from the National Bureau of Statistics (NBS) has shown. The bureau revealed this in its Nigeria electricity report detailing energy bills, revenue generated, and customers by DisCos (Q4 2023), which was published on Monday. “Total customer numbers in […] The post Nigeria electricity
The National Road Safety Authority (NRSA) in collaboration with the Motor Traffic and Transport Department MTTD of the Ghana Police Service has arrested five drivers at Bunso junction on the Accra Kumasi Highway for driving without a license. According to the NRSA, about 60 per cent of road crashes recorded in the country are as […] The post Road
The Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), Opoku-Ahweneeh Danquah, alongside a delegation of board members and management, has inspected the Corporation’s state-of-the-art Operational Head Office in Takoradi, Western Region. Reflecting on the visit, O-A Danquah expressed satisfaction with the current state of the nearly completed facility and emphasized its strategic […] The post GNPC
The Tema General Hospital has responded to a viral video showing its Neonatal Intensive Care Unit (NICU) in darkness with nurses struggling to care for babies during a power outage. The Hospital in a statement clarified that it was a brief generator trip-off. The medical director at the facility, Dr. Richard Anthony, confirmed that the […] The post It was a
The National Communications Authority (NCA) has provided an update on the repair to the damage of the submarine cables which occurred on 14th March, 2024, and resulted in the disruption of data services in Ghana. The NCA said it engaged with the four Submarine Cable Service Providers (SAT-3, ACE, WACS and MainOne) to receive updates […] The post NCA updates on the repair to the damage
By Joshua Worlasi AMLANU In a comprehensive update on Ghana’s debt restructuring programme, Finance Minister Dr. Mohammed Amin Adam has highlighted the government’s ongoing efforts to restore fiscal sustainability and foster economic recovery. Speaking at a press briefing, the Minister emphasised the significance of upcoming discussions with bondholder representatives to advance restructuring engagements. “In the […] The post
Professor John Gatsi, economist and Dean of the University of Cape Coast Business School, has maintained that the indicative exchange rate used by the Bank of Ghana (BoG) is not reflective of the cost structure of business in the country. According to the central bank, the cedi depreciated at 6.8 percent against the US dollar […] The post Relative
The family of the National Chief Imam, Sheikh Osman Nuhu Sharubutu, has announced the passing of his wife, Hajia Ramatu Sharubutu, in the early hours of Wednesday, March 27, 2024. A statement issued by the Chief Imam’s spokesperson, Sheikh Armiyawo Shaibu, has confirmed that a Janazah prayer and burial will be conducted at 2 pm, […] The post Wife of National Chief Imam dead appeared
The Bank of Ghana (BoG) has received a US$300 million facility from the World Bank as budgetary support. According to a report by Citi News, the BoG’s account was officially credited on Wednesday, March 27, 2024. The release today is the first of three $300 million World Bank operations for disaster response and resilience in […] The post $300m World Bank budgetary support hits
The National Chairman of the opposition National Democratic Congress (NDC), Johnson Aseidu Nketiah, has cast doubt on the Electoral Commission’s (EC) assertion that no Biometric Verification Devices (BVDs) are missing. Asiedu Nketiah suggests that the devices are intentionally being withheld by someone within the system. His comments follow allegations made by the Minority in Parliament […] The post EC’s
The Police personnel have died dead in an accident that occurred at Kyekyewere a suburb of Ayensuano in the Eastern Region. The victims who were in a branded Formed Police Unit (FPU) vehicle are said to be among a Police convoy deployed on Wednesday to the Kwahu enclave for the four days National Paragliding Festival […] The post 3 Police officers dead in accident at Kyekyewere first appeared on
Johnson Asiedu Nketiah, the National Chairman of the opposition National Democratic Congress (NDC), has stated that President Nana Akufo-Addo lacks the courage to openly declare his stance on the anti-LGBTQ+ bill. During an interview on Asempa FM on Wednesday, March 27, Asiedu Nketiah, also known as General Mosquito, suggested that the president’s reluctance to address […] The post Akufo-Addo
By Joshua Worlasi AMLANU ([email protected]) The Monetary Policy Committee (MPC) of the Bank of Ghana has announced its decision to maintain the monetary policy rate at 29 percent, citing persisting upside risks to inflation. Dr. Ernest Addison, Governor of the central bank, disclosed the rationale behind the decision during the 117th MPC meeting’s press briefing […] The post
The National Labour Commission has directed aggrieved teachers to call off their strike and meet with government on their grievances within twenty-four hours. The Commission also directed government, led by the Minister of Education Dr Yaw Osei Adutwum to, within two months, distribute the teachers’ laptops to them. The National Labour Commission gave the directive […] The post Labour
Minister of Finance, Dr. Mohammed Amin Adam, has disclosed that Ghana’s agriculture sector expanded by 4.5 percent for the year 2023. The minister in the ‘2024 1st Monthly Press Briefing on the Economy’ added that the livestock, crops, and fishing subsectors also expanded by 6.5, 4.8, and 4.1 percent respectively. “Agriculture sector which expanded by […] The post Ghana’s
The post Ghana’s Economy: We must admit that our economy is ‘Dollarized’ – Paul Eric Ofori appeared first on Citinewsroom - Comprehensive News in Ghana.
Nigeria international Alex Iwobi has labelled Ghana’s exit at the 2023 Africa Cup of Nations (AFCON) as shameful. The Black Stars despite high hopes of averting their previous dismal performance at the 2021 AFCON failed to impress once more. Ghana, despite entering the competition with high hopes of redemption following their lackluster performance in the […] The post Ghana’s AFCON exit was
The National Food Suppliers Association of Ghana (NAFSAG) has announced its intention to picket at the premises of the Ministry of Education if the outstanding debts owed to its members are not settled within the next 14 days. In a statement released on March 26, NAFSAG expressed concern over the unfair distribution of funds to […] The post Food suppliers
A senior member of the National Democratic Congress (NDC), Kwesi Ahwoi, has conceded that he misspoke and apologised to flagbearer John Dramani Mahama and the entire NDC party over his “anything can happen” comments at a nomination party for Jane Naana Opoku-Agyeman. The former Interior Minister’s comments have been interpreted to imply that the fate […] The post I misspoke, I apologise
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