The producer price of a bag of cocoa has jumped from GH¢1,308.99 to GH¢2,070 for the 2023/2024 crop year. This translates into an increase of 58.26 per cent (%) from GH¢20, 928.00 per metric ton to GH¢33, 120.00 per metric ton. According to the Ghana Cocoa Board (COCOBOD), the new price took effect from April […] The post Unprecedented cocoa price …. From GH¢1,308.99
The Ghana Sports Movement, in collaboration with the Calvary Baptist Church of the Ghana Baptist Convention in Accra, has organised a thanksgiving service for Team Ghana following their successful Read More... The post Calvary Baptist Church
Former Kotoko coach Charles Kwablah (CK) Akonnor, has urged fans of the club to remain hopeful in current coach Prosper Narteh Ogum amidst growing concerns over poor results. The Porcupine Warriors are currently facing a challenging period, having slipped to eighth place in the Ghana Premier League standings after losing four matches and drawing one […] The post Ogum will eventually make
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
In a significant move towards ensuring environmental sustainability and responsible resource management in Ghana’s energy sector, Tullow Ghana, Unit Operator of the Jubilee field, along with its partners – Ghana National Petroleum Corporation, Kosmos Energy, Kosmos Energy Ghana Investment, PetroSA, and GNPC Explorco – has officially signed an agreement to establish a Decommissioning Trust Fund […] The post
In a time of turmoil for Asante Kotoko, former coach CK Akonnor has called upon the club’s loyal supporters to exercise patience with current manager Prosper Narteh Ogum, drawing comparisons to the journey of Mikel Arteta at Arsenal. The Porcupine Warriors find themselves grappling with a difficult phase, currently lying in eighth place in the […] The post Kotoko
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
Minister of Parliamentary Affairs, Osei Kyei-Mensah-Bonsu, has revealed that resigning from his position as Majority Leader was the best decision he ever made. The Suame MP stated that his primary motivation was to prevent disunity within the Majority front in Parliament. Speaking to journalists in Kumasi for the first time since his resignation in February, […] The post Resigning
The Bank of Ghana has urged the public to volunteer information on suspected cases of money laundering and unexplained wealth. This is to combat financial crimes, sanitize the industry and uphold the integrity of the country’s financial system. The Central Bank stressed collaborative efforts in identifying and addressing illicit financial activities that pose a threat […] The post Volunteer
The Concerned Drivers Association of Ghana and the Transport Operators of Ghana have jointly announced an increase in transport fares, effective Saturday, April 13, 2024, in response to the recent surge in petroleum prices. In a statement issued on Monday, April 8, 2024, they outlined the following adjustments: a 15% increase for short-distance or intracity […] The post Two
The Ghana Mineworkers’ Union of the Trades Union Congress, has announced plans to stage a five-day protest at the Ministry of Lands and Natural Resources and the Jubilee House beginning on Monday, April 15, 2024. Their stance is to pressure the government into revoking the mining lease of Future Global Resources Limited, operators of the […] The post Mine
The Alliance for Social Equity and Public Accountability (ASEPA) has called on the Tema Oil Refinery (TOR) and the Sentuo Oil Refinery to make public the specifics of their relationship. This request comes in the wake of the alleged sale of TOR to Sentuo Oil Refinery. On Monday, April 8, ASEPA’s Executive Director, Mensah Thompson, […] The post ASEPA demands clarity
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has revealed that the central bank intends to hand over the Gold for Oil programme to a commercial bank to operate. This, he said, would allow for the BoG to focus on its core mandate. Asked by Buem lawmaker Kofi Adams whether this programme is […] The post Bank of Ghana seeking to hand over Gold for
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has assured the Public Accounts Committee (PAC) of Parliament that by next year the central bank will see a huge jump in its holdings of gold due to the Gold For Reserves programme. He said that the full benefits of the programme have not […] The post Governor Addison assures PAC of ‘a big jump’ in BoG’s holdings
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […] The post Ghana’s
The Ghana Mine Workers Union has announced a demonstration to be staged at the Ministry of Lands and Natural Resources to demand that government terminates the mining contract issued to Future Global Resources. The demonstration will start on April 15. The Union members alleged that the current Management of the company lacks the competency and […] The post Mine Workers Union to stage demo April 15 first
The Food and Drugs Authority (FDA) has issued a warning to importers, manufacturers and distributors of substandard and unhygienic baby diapers (known as bale diapers) into the country, which will result in their seizure. The FDA said the safe disposal of the susbstandard product would be at a cost to the importer. The Authority, in […] The post FDA warns against importation of unhygienic baby
The Bank of Ghana (BoG) has revealed that it has reduced the scale of certain facilities in its controversial new head office, currently under construction. The BoG faced significant criticism over the construction of the new headquarters, with the Minority in Parliament demanding the removal or resignation of Governor Dr. Ernest Addison. Speaking before the […] The post Facilities
The National Democratic Congress (NDC) in the Yunyoo Constituency has asked the Member of Parliament (MP), Oscar Liwaal to as a matter of urgency repair or replace the constituency’s ambulance which has broken down for over a year now. “We implore the Hon. Member of Parliament to take immediate steps to fix this situation. This […] The post Yunyoo
Star Assurance Group, the parent company of Star Assurance, StarLife Assurance, Star Microinsurance, Star Health Insurance and Pensol Capital Trust, has appointed Samuel Kweku Ocran as its Group Chief Executive Officer. He takes over the leadership role from Kofi Duffuor, the former Chief Executive Officer, who has served the Star Assurance Group and its subsidiaries […] The post Samuel
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