At least five people, including a four-month-old baby, have been killed after dozens of tornadoes ripped through the central US causing serious damage. Tens of thousands of residents were left without power following separate storms that began on Friday. Four of the deaths happened in Oklahoma, where a state of emergency has been declared in […] The post At least five killed after
Vice President of Ghana, Dr. Mahamudu Bawumia, has chosen not to directly address the nation’s economic challenges during his tour of the Eastern Region. While he acknowledged the economic difficulties facing the country, Dr. Bawumia refrained from discussing them in detail, stating only that they are being addressed. The Vice President’s reluctance to speak about […] The post I
A United States Army Major, Kojo Owusu Dartey, currently assigned to Fort Liberty, has been found guilty by a federal jury on multiple charges of dealing in firearms without a license, delivering firearms without notice to the carrier, smuggling goods from the United States and illegally exporting firearms without a license. He was also charged […] The post US
The Ghana Prisons Service in the Ashanti Region is hopeful of decongesting its facilities with the opening of an In-Prison Paralegal Office at the Kumasi Central Prisons. The IPP which targets criminal convicts, tailgates from the successes chalked in the Justice For All Program which has so far reduced Ghana’s remand prisoner population ratio from […] The post POS,
WILMINGTON, N.C. – A federal jury convicted a United States Army Major, currently assigned to Fort Liberty, on charges of dealing in firearms without a license, delivering firearms without notice to the carrier, smuggling goods from the United States, illegally exporting firearms without a license, making false statements made to an agency of the United […] The post Jury finds
Four law enforcement officers have been fatally shot and four others were wounded while serving an arrest warrant in Charlotte, North Carolina. A suspected attacker was found dead in the front yard of a barricaded home after a standoff that lasted three hours, police said. Two other persons of interest were taken into questioning, authorities […] The post Charlotte
For a country saddled with limited opportunities and the resulting brain drain, not many of the citizens are blessed to migrate to and develop an illustrious career in the United States of America (USA). The few Ghanaians who are, hardly look back home, given the myriad of challenges that await any ‘returnee.’ Prof. Dr Grace […] The post Prof.
In April 2014, the government of Ghana borrowed $46 million from Rome-based IFAD, the International Fund for Agricultural Development, a UN body that, as its name suggests, finds money for countries to fix some of their agricultural challenges. IFAD’s loans often go to support projects targeting agro-processing, food security, improved smallholder farmer productivity, and similar […] The post How
As Ghana’s banking sector approaches the crucial milestone of publishing financial results by the end of April 2024, it’s essential to remember that these figures are not mere numbers but a measure of the health of our financial institutions, which is the backbone of our nation’s economic prosperity. Financial results of banks offer valuable insights […] The post Icebergs
Three years ago, when Bukom Square received an Astroturf pitch, audience stands, and floodlights for nighttime play, the community was elated. It was a moment of pride and excitement. Finally, they had a proper venue to nurture football talent, much like they had done for boxing over the years. The Astroturf quickly became the heart […] The post VIDEO: From promise to decay: The sad
The International Monetary Fund (IMF) has reached the staff-level agreement on review of the extended credit facility with Ghana. The IMF in a statement released on Saturday April 13, 2024, said Ghana will have access to about US$360 million in financing once the review is approved by IMF Management and formally completed by the IMF […] The post IMF
The United States has restricted travel for its embassy personnel in Israel amid fears of an attack by Iran. The US embassy said staff had been told not to travel outside the greater Jerusalem, Tel Aviv or Beersheba areas “out of an abundance of caution”. Iran has vowed to retaliate, blaming Israel for a strike […] The post US restricts travel
The depreciation of the Ghanaian cedi against the US dollar continues its upward trend on the commercial forex market, with the loss in value nearing 10% for the first four months of 2024. Since the beginning of the year, the cedi has experienced marginal depreciation marking a year-to-date depreciation of approximately 9.37%. However, this marks […] The post Cedi-dollar
In the upcoming 2024 elections in the United States, Americans are gearing up for a rematch between President Joe Biden and his previous contender and former President Donald Trump. After securing their parties’ nominations, these two familiar faces will go head-to-head in a presidential election rematch, something that hasn’t happened in 70 years! President Biden […] The post Nana
The first man to receive a genetically modified kidney transplant from a pig has been discharged from the hospital. The 62-year-old was sent home on Wednesday, two weeks after the ground-breaking surgery at Massachusetts General Hospital (MGH). Organ transplants from genetically modified pigs have failed in the past. However, the success of this procedure so […] The post Pig kidney
Once the new Cash Reserve Requirement (CRR) policy becomes effective, it is expected to see approximately GH¢16.2billion – US$1.2 billion flow from banks to the Bank of Ghana (BoG). CRR is a rule set by central banks requiring commercial banks to keep a portion of their deposits – local and foreign currency – as cash […] The post Editorial:
The UK and US have signed a landmark deal to work together on testing advanced artificial intelligence (AI). The agreement signed on Monday says both countries will work together on developing “robust” methods for evaluating the safety of AI tools and the systems that underpin them. It is the first bilateral agreement of its kind. UK […] The post UK and US sign landmark agreement
Dr. John Kwakye, the Director of Research at the Institute of Economic Affairs (IEA), has criticized the Akufo-Addo government for its dependence on funds from the International Monetary Fund (IMF), World Bank, and other donor agencies to strengthen the local currency. He labelled the government’s heavy reliance on foreign aid, including Eurobonds and cocoa syndicated […] The post Ghana’s
Fresh data from the Bank of Ghana (BoG) shows banks still favour investments in government securities over and above extending credit to the private sector, meaning that businesses have access to less purchasing power in real terms. Governor Ernest Addison, in a press briefing for the 117th Monetary Policy Committee (MPC) meetings, revealed that compared […] The post Editorial:
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
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