Oil fell more than 1 per cent on Wednesday, losing ground for a third straight session on hopes of a ceasefire agreement in the Middle East and by rising crude inventories and production in top consumer the United States. Expectations that a ceasefire agreement between Israel and Hamas could be in sight have grown following […] The post Oil falls for a third day
By Kwame Mensah General Secretary of Industrial and Commercial Workers Union (ICU-Ghana) has sent a warm fraternal greetings to all ICU members and the working class in general. Mr. Morgan Ayawine’s 2024 May Day Message was signed and released in Accra on behalf of ICU-Ghana. The message extended his fraternal greetings and solidarity in the to […] The post ICU
Canan, a name that evokes images of a promised land in the Bible. But for the people of Canan, a small island community in the Afram Plains, Eastern Region of Ghana, the reality is quite the opposite. Canan’s estimated population of 1,000 predominantly immigrant residents from Ningo Prampram is struggling with a lack of essential […] The post E/R:
The electricity sector plays a critical role in driving economic growth and improving the quality of life for its citizens. However, persistent political interference has undermined the sector’s sustainability, resulting in erratic power supply, financial instability, and diminished investor confidence. Disruption of Technical Planning: Political interference often leads to short-term decision-making, neglecting long-term technical planning […] The post The
The World Bank has recently released its April 2024 Commodity Outlook Report, which predicts a substantial drop in global food prices in 2024, with a projected 6 per cent decrease, followed by an additional 4 per cent decline in 2025. This decrease is mainly attributed to lower prices for grains, oils, and meals, while other […] The post World Bank predicts
The Rotary Club of Tarkwa has extended a helping hand to the Tarkwa Prisons, donating essential items to enhance the well-being of inmates, in a heartwarming display of compassion and community support. The donation which has become an annual ritual, comprised two blood pressure monitors, three infrared thermometers, medications, bags of water, toilet rolls, toothpaste […] The post Rotary
The Ghana Enterprises Agency (GEA) has reinforced its commitment to bolstering the Association of Ghana Industries (AGI) and the Association for Small Scale Industries (ASSI). Speaking at a short ceremony to hand over of funds and publicity materials to AGI and ASSI in support of the GEA and Mastercard Foundation Business in a Box (BizBox) […] The post Ghana
Businessman Prince Kofi Amoaben has expressed his confidence in former President John Dramani Mahama as the ideal leader to steer Ghana toward economic development and prosperity. Amoaben, the co-founder of the defunct UT Bank, averred the potential benefits of Mahama’s experience as a returning leader during his remarks at a fundraising dinner hosted by the […] The post Kofi
Kwadwo Nsafoah Poku, an Energy Analyst and member of the New Patriotic Party (NPP) has urged Ghanaians to refrain from politicising fuel prices. On April 16, 2024, several Oil Marketing Companies (OMCs) increased fuel prices, marking the second pricing window of the month. Investigations by Citi News at various OMC outlets showed a notable rise […] The post We shouldn’t
A United States-based Economist, Dr. Sa-ad Iddrisu, is questioning the developmental projects listed in NPP’s recently launched performance tracker. In a press release issued on Thursday, April 18, Dr. Iddrisu “Despite borrowing over GHc600 billion in the last eight (8) years, the NPP government seems to only boast about the number of completed toilet projects […] The post NPP
Sydney Nii Ayitey Tetteh, Executive Vice President, Energy and Infrastructure at Stanbic Bank Ghana, has emphasized the important role of financial institutions in the soon to be implemented wholesale electricity market. He made this statement at the Electricity Market Conference held at the Volta Residence, Akuse in the Eastern Region. The Electricity Market Conference had […] The post Stanbic
The Government is seeking to plug the revenue gap created as a result of the abandoned VAT on electricity with a tax on the foreign incomes of resident Ghanaians. At the beginning of the year, the government introduced a value-added tax on electricity, however, it was forced to abandon the initiative following a public backlash. […] The post Govt
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […] The post OmniBSIC
Ghana Airports Company Limited (GACL) is undertaking comprehensive maintenance of the cooling systems within Terminal 3, KIA. The objective of the exercise is to address condensation problems which cause leakages and also enhance the efficiency of cooling systems in the terminal. The maintenance works, which will be carried out in multiple phases have been scheduled […] The post
The car hummed softly as we navigated the familiar streets of Accra, the engine’s rhythmic purr serving as a backdrop to the heavy silence that hung between us. My passenger, a young boy, and one of my favourite nephews, slouched in the back seat, stared out the window with a distant look in his eyes, […] The post Dede Drives the Discourse:
By Kestér Kenn KLOMEGÂH China and Russia have renewed their anti-Western confrontation during high-level meeting in early April 2024 in Beijing. China demonstrates greater readiness to team up with Global South to “promote reforms in the global governance system” while Russia vehemently confronts “Western-led bloc” during talks in Beijing. But both further pledged to strengthen multilateral strategic […] The post
By Samuel SAM In a bid to tackle climate change and its global impacts, the Centre for Culture and Environmental Conservation (CECECON), a non-governmental organisation (NGO), has been officially inaugurated at the Tamale Technical University (TaTU) in the Sagnarigu Municipality of the Northern Region. The organization aims to sensitise and advocate climate change awareness, in […] The post
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
AFTER SYMBOLIC VISIT TO THE ANCESTRAL FOREST By Alvin Nii Okine Kasabrofo. The people of Prampram are gearing up for the celebration of this year’s Lalue Kpledomi festival, with the first taking place on the 23 of April. According to an elaborate program released by the Prampram Traditional Council, a curfew will immediately follow right […] The post People
By Rashidatu IBRAHIM Amid public outcry over the recently revised cost of passport acquisition, Dr. Andy Appiah-Kubi, Chairman of the Foreign Affairs Committee of Parliament, has clarified that the newly adjusted fees reflect the actual costs of the passport application process, rather than being a means for the government to generate profits. Addressing the press […] The post
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