The Electricity Company of Ghana (ECG) has announced a reduction in power supply to its Mobile Bulk Supply Point in the Tema region, resulting in widespread power outages across various areas. Communities affected by these outages include Afienya, The Quarries, Christian International School, and Otsebreku. Additionally, establishments such as the Ghanaman Soccer Academy, Hot Oven, […] The post ECG
The Department of Parks and Gardens has issued a stern warning to private developers encroaching on their land. The department has threatened to demolish all illegal structures on their lands. This action follows a recent Citi News report on land encroachment in the Upper West region, where a fuel station has been erected on the […] The post Parks and Gardens to demolish illegal
In a fiery exchange of political rhetoric, the National Youth Organizer of the New Patriotic Party (NPP), Salam Mustapha, has launched scathing criticisms against the flag bearer of the National Democratic Congress (NDC), John Dramani Mahama. Mustapha’s remarks come in response to Mahama’s recent announcement to separate the Youth and Sports Ministry, aiming to address […] The post Bawumia
Ghana’s Youth and Sports Minister Mustapha Ussif has revealed that the country is well positioned to consider hosting the commonwealth games slated for 2026. As things stand now, the 2026 edition of the Commonwealth Games is in limbo, as original hosts Victoria in Australia have withdrawn its bid last year due to cost concerns. Malaysia […] The post Ghana is ready to host the
Customers of Gold Coast Fund Management in the Ashanti region have issued an ultimatum to the government to return their locked-up investments or they will campaign against the party in the upcoming elections. The customers, who are agitated and frustrated, have set a deadline of June 30, 2024, for the return of their funds. In […] The post Aggrieved
Service standard concerns Freight rates standardisation Transparency and predictability By Mohammed AWAL The Chief Executive Officer (CEO) of the Ghana Shippers’ Authority (GSA), Kwesi Baffour Sarpong, has requested that shipping line charges in the sector be predictable, competitive, transparent and uniform. In his opening remarks during a meeting with the Ship Owners and Agents Association […] The post
Players in the energy sector value chain on Saturday held a crunch meeting to discuss the erratic power supply in the country. Convened by the Mines and Energy Committee of Parliament, the meeting was attended by representatives from the Ministries of Finance and Energy, the Electricity Company of Ghana, the Ghana Grid Company, the Volta … The post Stakeholders hold crunch meeting
Ghana has been ranked best performing country in governance in West Africa, according to the recent World Economics Governance Index report. The report, which was released by the World Economics Research, based in London, United Kingdom, also placed Ghana fifth on the overall position in Africa. The report indicated that Ghana has exhibited remarkable advancements … The post Ghana
Francis Cudjoe, a 19-year-old carpenter, has been sentenced to 50 years imprisonment by the Tarkwa Circuit Court for defiling a seven-year-old girl. He pleaded guilty with an explanation, but the court overruled it. Cudjoe was charged with defilement on count one and two, and was sentenced to 25 years each, which run concurrently. Before judgement … The post Carpenter gets
The producer price for cocoa is pegged at GH¢2, 070 effective April 5 this year. This follows the upward review of the producer price by government in consultation with stakeholders in the cocoa sector. A statement signed and issued in Accra by the Chief Executive of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, said … The post Cocoa producer price at GH¢2,070 effective April
The Accra Circuit Court has convicted a mason and electrician for posing as Electricity Company of Ghana (ECG) workers and extorting money from customers of ECG. The court imposed a fine of GH¢1,200 each on Nana Adu Gyamfi, 33, and Derrick Ntow Adumah, 22, and in default serve six months in prison. The two pleaded … The post 2 fake ECG workers fined GH¢2,400
Ghana does not need the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) for economic growth, an economist Dr John Kwakye has said. In the view of the Director of Research at the Institute of Economic Affairs (IEA), Ghana can develop by relying on its natural resource wealth. “We don’t need any SDRs […] The post Economist
When a person provides his or her legitimately or illegitimately acquired funds or assets for terrorist activities or organizations the person will be financing terrorism, the Bank of Ghana (BoG) has said. The central bank said financing of terrorism is a crime and is punishable by law therefore people should be careful they do not […] The post Becareful you do not
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
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
“On Transgender Day of Visibility, we honor the extraordinary courage and contributions of transgender Americans and reaffirm our Nation’s commitment to forming a more perfect Union — where all people are created equal and treated equally throughout their lives. I am proud that my Administration has stood for justice from the start, working to […] The post Racism in LGBTQ+ appeared first on The
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
By Rashidatu IBRAHIM An economist and advisor on South-South Cooperation and Development Finance at the South Centre, a Geneva-based intergovernmental organisation, Yuefen Li, has urged African countries to enforce regulations that require multinational corporations to contribute a greater share of taxes for their operations within these nations. She noted that implementing such measures would serve […] The post
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
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
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