The Bank of Ghana (BoG) has disclosed that GH¢53.1 billion out of the GH¢60 billion losses reported in the 2022 financial statement was as a result of the government’s domestic debt restructuring exercise (phases 1 and II). In a statement issued today, the BoG said, “The financial statements reported a total loss of GH¢60 billion, […] The post Domestic debt restructuring

A group calling itself Concerned Bettors of Ghana has rejected the 10% tax imposition on all betting, lottery, and gaming wins. According to a statement issued by the group, an attempt to levy the youth who are into betting “is a recipe for chaos.” Richard Aguda, the Convener of the group, described the tax in […] The post Tax on betting recipe for chaos -Concerned

Houses, cars and cash running into millions of Ghana cedis have been retrieved from Patience Botwe and Sarah – former domestic workers of the resigned minister for Water and Sanitation, Cecilia Abena Dapaah. The police retrieved cash of US$40,000.00 and GH¢72,619.70 and landed properties such as GH¢800,000.00 compound house made up of 11 single-room apartments […] The post Aunty Ceci’s ex-maids

Delegates of the New Patriotic Party (NPP) in the Western North Region of Ghana have pledged to reward Dr. Owusu Afriyie Akoto for making a positive impact in their lives. According to the delegates, the impact of the government’s flagship project, planting for Food and Jobs (Pf&J) as well as smallholder farmers in the region, was […] The post Afriyie Akoto wins hearts of W/North

The opposition National Democratic Congress (NDC) has issued a 21-day ultimatum to the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, and his lieutenants, to vacate their positions after they allegedly supervised the loss of GH¢60.8 billion. The NDC posited that a staggering loss of GH¢60.8 billion recorded by the Bank of Ghana […] The post NDC galled over loss of GH¢60bn @

Madam Akua Afriyie, a Women’s Organiser of the National Democratic Congress (NDC) at Kumawu has been sacked for declaring her support for Alan Kwadwo Kyerematen, a flagbearer aspirant of the New Patriotic Party(NPP). She has indicated her admiration for the NPP presidential hopeful, even though she is a member of the opposition National Democratic Congress. […] The post NDC

In an effort to widen the Ghana tax net and rake in more revenue for development, the Ghana Revenue Authority (GRA) would from August 15, 2023 begin the implementation of a 10% withholding tax on all gross gaming winnings. This means that the GRA has abandoned the previous 15% Value Added Tax (VAT) rate on each stake […] The post 10% withholding tax on lotto & gaming

In an effort to widen the Ghana tax net and rake in more revenue for development, the Ghana Revenue Authority (GRA) would from August 15, 2023 begin the implementation of a 10% withholding tax on all gross gaming winnings. This means that the GRA has abandoned the previous 15% Value Added Tax (VAT) rate on each stake […] The post 10% withholding tax on lottery &

En route to the house, I witnessed a rider who suddenly lost control on the motorcycle and was thrown off. Thankfully, his helmet took the brunt of the impact, sacrificing itself to protect his head. The helmet’s shield was broken resulting in some pieces of glass scattered on the ground. I got so scared for […] The post Unveiling the lifesaving power of helmets appeared first on

The economic status of Ghana since independence has not been one that every citizen can be proud of, though those in political office have their own stories depending on where they stand. Many times, the media has been inundated with news of corruption on the part of public officials, unfortunately the party in opposition tends […] The post Editorial: Wanton dissipation of

A Dental, X-Ray, and Ear, Nose and Throat (ENT) units has been commissioned at the Peace Speciality Hospital at Mamponteng as part of an expansion programme for the facility. It is meant to enhance general healthcare delivery for surrounding communities in the Municipality. With the provision of the Dental, X-Ray, and Ear, Nose and Throat […] The post Dental,

Mr. Eugene Boakye Antwi, the Member of Parliament (MP) for Subin, on Monday, August 7, 2023, presented mathematical set to each of the over 4,000 candidates participating in the ongoing 2023 Basic Education Certificate Examination (BECE) in the Subin Sub-Metro within the Kumasi Metropolis. The presentation ceremony took place at Amankwatia Junior High School at […] The post Subin

The Senate has been hit by controversy over the screening of Festus Keyamo, a ministerial nominee. The confusion has led the Chamber to dissolve into executive session after the Senate leader, Senator Bamidele Opeyemi moved the motion Before the pandemonium, the nominee was asked to address the Chamber to explain his profile and give reasons […] The post Confusion hits

Celebrated Ghanaian Highlife musician and prolific songwriter, Kwabena Kwabena has refuted rumors of him being a homosexual. The rumour mill was filled with rumours of the ‘Aso’ crooner being gay when he was sighted in a female dress at the recently held Vodafone Ghana Music Awards (VGMA). Speaking in an interview with Lexis Bill on […] The post Kwabena Kwabena addresses gay rumours

An Accra High Court has placed an interlocutory injunction on the Musicians Union of Ghana (MUSIGA) elections scheduled for today, Tuesday, August 8, 2023. The elections will be on hold pending the final determination of the case by the court. Plaintiffs in the legal action, Doe Kwablah Seyenam Nyamadi and Frederick Van Dyk, both members […] The post Court places interlocutory

Actor Fred Nuamah who was lacing his boots to contest as parliamentary candidate of the opposition National Democratic Congress (NDC) for the Ayawaso West Wuogon(AWW) Constituency has changed his mind. The Actor who was about to contest his friend John Dumelo is now in support of the former’s bid to lead the NDC in the […] The post Fred Nuamah makes U-turn

Opposition leaders in the Central African Republic (CAR) have condemned the adoption of a controversial draft constitution that paves the way for presidential tenure elongation in the volatile country. Mathias Morouba, head of the national poll body announced on Monday that voters cast 95.27 percent of their ballots in favour and 4.73 percent against, with […] The post Opposition

A hike in official interest rates resulted in record profits for Italian banks. The tax will apply to the net interest income that comes from the gap between the banks’ lending and deposit rates. Proceeds will be used to help mortgage holders and cut taxes, the government says. The surprise move was agreed by Prime […] The post Italian banks hit with surprise windfall tax appeared

A total of 98 people have been arrested in connection with child sex abuse, and 13 children rescued from harm, US and Australian authorities said Tuesday, more than two years after two FBI agents were killed investigating an alleged international pedophile ring. In a news conference Tuesday, the Federal Bureau of Investigation (FBI) and Australian […] The post Dozens

Russia’s Wagner mercenary group is “taking advantage” of instability in Niger, US Secretary of State Antony Blinken has told the BBC. The country has been ruled by a junta following the ousting of President Mohamed Bazoum nearly two weeks ago. There have been suggestions the coup leaders have asked for help from Wagner, which is […] The post Niger