The trial of Dr Cassiel Ato Forson, the Minority Leader, and Richard Jakpa, a businessman, for allegedly causing financial loss of €2.37 million to the state in an ambulance deal, has been adjourned to April 9 for continuation. This is because Mr Jakpa has engaged the service of a new lawyer, Mr Thaddeus Sory, to … The post €2.37m ambulance financial loss case adjourned
A comedian and actor, Nana Yaw Oduro, was yesterday remanded in police custody by the Ofaakor Circuit Court, near Kasoa, in the Awutu Senya East District of the Central Region. Oduro, also known as Funny Face, who appeared before court for alleged drunk-driving, faces additional charge of careless driving. The accused last Sunday night allegedly … The post Funny Face remanded for
The Minister of Finance Dr Mohammed Amin Adam has said that a Preliminary assessment undertaken by the Ministry and the central bank shows that they are on course to meet most of the targets under the Programme with the International Monetary Fund (IMF). He said that the Finance Ministry is working with the Bank of […] The post 2nd review: We’re on course
The prestigious Ghana Institution of Engineering (GhIE) celebrated a momentous occasion during its 54th Annual Excellence Award ceremony held at the Labadi Beach Hotel in Acca, on March 22, 2024. The highlight of the evening was the conferment of the Esteemed Class of Fellows on exceptional engineers, five of whom are engineers from both AngloGold […] The post GhIE honours five
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has asked the security agencies to play their role in the fight against cross-border illegal transfers. He says that there is nothing the central bank can do about it if the security agencies do not help. Dr Addison indicated that although the Bank hears rumors […] The post If the
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has explained why the local currency, the Cedi depreciated against the major trading ones, the Dollar, Pounds, and Euros, at a time when the local economy was expanding. Recently, the Government Statistician, Professor Samuel Kobina Annim announced that Ghana’s economy grew by 2.9% in 2023, […] The post Addison
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has asked the state security agencies to assist the bank in dealing with reports of cross-border illegal transfers. He says that although the Bank hears rumors of these illegal transfers, it is not taking the matter lightly. Dr Addison said these while answering a question […] The post Bank of Ghana prepared
Hearts of Oak have reinstated Vincent Sowah Odotei and Dr. Nyaho Nyaho Tamakloe as board members. This follows the earlier dissolution of the board as part of a new direction under the direction of Executive Board Chairman Togbe Afede XIV. The decision to dissolve the board, including the departure of prominent figures like Frank Nelson […] The post Odotei, Nyaho-Tamakloe reappointed
By Juliet Aguiar DUGBARTEY Dr. Steven Blessing Ackah, Executive Director of Ghana Gold Expo, has called for the establishment of exploration fund in Africa, particularly Ghana, to serve as a financial catalyst, enabling local individuals and entities to actively participate in exploration activities. He said the Exploration Fund should be accompanied by a strong commitment […] The post
Ghanaian entertainment pundit, Emmanuel Barnes, also referred to as Mr. Logic, has stated that he spends GH¢8,000 a day on average. The post I spend at least GH¢8k everyday – Mr. Logic first appeared on 3News.
The Public Utilities Regulatory Commission (PURC) has announced that the Electricity Company of Ghana (ECG) is on course in respect of compliance with the 5 requirements under the Cash Waterfall Mechanism procedure. This is contained in a statement dated March 26, 2024, issued by the Commission and signed by its Executive Secretary, Dr Ishmael Ackah. […] The post PURC
Unilever Ghana PLC has appointed Mr. Chris Wulff-Caesar as its new Managing Director with effect from the 1st of April 2024. Mr. Wulff-Caesar is an accomplished International Business Executive with 24 years of FMCG experience gained across various countries, and is returning to Unilever Ghana PLC, where he began his career as a management trainee […] The post Chris
Coalition of Stakeholders in Electricity Contracts and Arrangements (COSECA), has accused President Akufo-Addo of contributing to the challenges and dysfunction of the power sector. In a statement dated March 26 and signed by its executive secretary, Nana Yaa Akyempim Jantuah, the coalition criticised the president for not adhering to the “laid-down structures” governing the sector. […] The post ‘Akufo-Addo
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
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
A businessman, who collected his late brother’s GH¢206,212.65 entitlement from the Ghana Police Service, has been jailed four years by the Accra Circuit Court. Kwame Tengey is said to have told his late brother’s three children that he could assist them to collect their father’s entitlement of GH¢304,950. Kwame Tengey, who assumed the role of … The post Man
The Adentan Circuit Courthas granted GH¢100,000 bail with two sureties to Love Amofa, a trader,for allegedly stealing GH¢70,700 belonging to her boyfriend. The 40-year pleaded not guilty to four counts of stealing, unlawful damage, threat of death and threat to cause harm. She will appear again in court on April 22. Police Chief Inspector Maxwell … The post Woman
Dr. Ernest Addison In a recent announcement, the Bank of Ghana (BoG) has decided to maintain its Monetary Policy Rate (MPR) at 29%. This move comes in response to a Read More... The post BoG Maintains Monetary Policy Rate At 29% appeared first on DailyGuide
By Emmanuel AKOMEA The Minister of Finance Dr. Mohammed Amin Adam has announced plans to streamline port charges following a visit to the Tema port and discussions with Customs officials and agents. The decision seeks to tackle the multitude of charges at the country’s sea ports, curb duty evasion and address challenges in handling transit […] The post Port
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said that the foreign exchange market came under some seasonal pressures in February and early March 2024. However, he said, the Ghana cedi continues to recover its value. The pressures, he explained, emanated mainly from the strengthening of the United States dollar in international […] The post Cedi continues
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