The Kumasi Central Market Traders and Second Hand Clothes Union have threatened a five-day demonstration concerning the abandoned Kumasi market project. In a statement released on Monday, April 8, 2024, the Union expressed profound disappointment at the government’s project management. According to the union, the government had assured completion of the project to facilitate the […] The post Kumasi
The National Association of Institutional Suppliers has suspended their demonstration, which began early Monday morning. The suspension comes after a meeting with the Minister for Education, Dr Yaw Adutwum. The Association had initiated a two-day protest over unpaid monies owed to them by the Government at the Ministry of Education (MoE). They expressed disappointment as […] The post Institutional
Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei have admonished the government to cut its expenditure by 30 per cent to effectively combat inflationary pressures. The two in a report titled, ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ raised several concerns including the government’s approach of “relying […] The post Cut
Environmental scientist Professor Chris Gordon has issued a stark warning, predicting that 2024 will be hotter than preceding years as temperatures continue their upward trend in Ghana. Highlighting the concerning pattern of escalating temperatures both globally and nationally, Professor Gordon expressed his apprehension, particularly in light of the ongoing power outages plaguing Ghanaian communities. During […] The post 2024
Credit to the private sector by banks will continue to squeeze due to the Bank of Ghana’s high Credit Reserve Ratios (CRR). This is one of the key findings and conclusion of a research paper by banking consultant, Dr. Richmond Atuahene and data and research analyst, Isaac Kofi Agyei. The report titled ‘Thirsty Banks: Ghana’s […] The post BoG’s
A report co-authored by Dr Richmond Atuahene and Isaac Kofi Agyei, has urged the Bank of Ghana and commercial banks to make drastic efforts to reduce the current Non-Performing Loan (NPL) ratio from 24% to around 10% to fortify the banking sector’s resilience. The report, ‘Thirsty Banks: 2023 Ghana’s Dilemma with High Cash Reserve Ratios’ […] The post Reduce
Men in Ecuador supposedly have the biggest penises in the world — while men in Cambodia purportedly have the smallest. That is according to figures crunched into an interactive map by MailOnline. Ecuadorian men have an average erect length of nearly 7 inches (17.6cm), the data says. At the other end of the scale, Cambodian […] The post Average
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […] The post Many
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
The Head of Retail Banking at FBNBank has stated the bank’s position on youth empowerment by declaring that “in addition to other life skills, young people need safe money management skills to survive the challenges of adulthood.” Mr. Quaye was speaking at a financial seminar organised by FBNBank on Thursday, March 28, 2024, at the […] The post Young people need
Robert Nii Arday Clegg, the Senior Partner at Clegg & Prempeh, a law firm in Accra-Ghana, served as a panellist at Harvard University during the Spring Reunion 2024 of Harvard Law School. The event took place from 5-6 April 2024. The Class of 2014 Symposium was on the topic, “Pathways and Pivots: Reflections on the […] The post Nii Arday Clegg speaks at Harvard appeared first on
The Member of Parliament for Zebilla, Cletus Avoka has expressed deep concerns regarding the insecurity situation in the Kusaug traditional area, specifically in Bawku leading up to the December polls. Cletus Avoka voiced his distress over the prevailing circumstances and cast doubt on the prospects of a free and fair electoral process in the Kusaug […] The post 2024
Ghana’s second programme review with the International Monetary Fund (IMF) has entered its second week, with issues concerning tax efficiency and the avoidance of fiscal slippages in this election year dominating discussions. The IMF mission staff from Washington DC are currently in the country for a two-week assessment of the bailout package. The review also […] The post Election
Deputy Minister for Foreign Affairs and Regional Integration, Kwaku Ampratwum-Sarpong, has asserted that Ghana’s international image has not been affected following the passage of the Anti-Gay Bill. Although the Human Sexual Rights and Family Values Bill was approved by Parliament in February, it still awaits presidential assent. In an interview with Citi News, Mr. Ampratwum-Sarpong […] The post Ghana’s
Deputy Minister for Foreign Affairs and Regional Integration, Kwaku Ampratwum-Sarpong, has asserted that Ghana’s international image has not been affected following the passage of the Anti-Gay Bill. Although the Human Sexual Rights and Family Values Bill was approved by Parliament in February, it still awaits presidential assent. In an interview with Citi News, Mr. Ampratwum-Sarpong […] The post Ghana’s
The Electricity Company of Ghana (ECG) has reiterated that there are currently no power outages, commonly known as “dumsor,” taking place in the country. According to the ECG, there is no ongoing load-shedding, despite certain reports suggesting otherwise. Demands for a load-shedding timetable have not yielded any results as both the ECG and the Minister […] The post Dumsor:
The Electricity Company of Ghana (ECG) has once again insisted that there are no power outages, commonly referred to as “dumsor,” occurring in the country. According to ECG, there is currently no load-shedding, contrary to some reports circulating. Demands for a load-shedding timetable have not yielded any results as both the ECG and the Minister […] The post We’re
Cocoa farmers across Ghana are expressing frustration in response to the recent announcement of new farmgate prices for cocoa beans. The Ghana Cocoa Board (COCOBOD) announced a 58.26 percent increase, setting the price at GH¢33,120 cedis per ton for the 2023/2024 crop season. This decision, according to COCOBOD, aims to distribute the benefits of soaring […] The post Cocoa
A Brazilian judge has opened an investigation of Elon Musk for obstruction of justice after the tech mogul said he would defy a court order to remove X accounts accused of spreading disinformation. In a decision on Sunday, Supreme Court Justice Alexandre de Moraes said the probe will examine whether Musk, who owns X, engaged […] The post Brazilian judge orders
The family of the Works and Housing Minister, Kojo Oppong Nkrumah celebrated his 42nd birthday by making a generous donation to the Nsawam Prison. The donation, which was made on Friday, April 5, 2024, included essential items such as rice, beans, gari, sachets of water, toilet rolls, washing powder, oil and medical supplies. Donating on […] The post Oppong
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