General News
Randy Abbey goofed in criticizing Danquah Institute’s debt analysis
An outspoken member of the governing New Patriotic Party (NPP), Patrick Kwarteng Sarpong, popularly called P.K. Sarpong, has described the outbursts of the Host of Good Morning Ghana on Metro TV, Dr. Randy Abbey, over Danquah Institute’s debt analysis as borne out of ignorance and emptiness of sentiments. This follows Randy Abbey’s response to the […]
World News
Sharp-tongued president livening up Croatia’s election
The involvement of Croatia’s sharp-tongued president in the country’s parliamentary election on Wednesday may not be constitutional. But it is certainly livening up what had threatened to be a predictable affair. The country’s parliamentary polls tend to follow a pattern. A centre-left coalition led by the Social Democrats (SDP) runs against the Croatian Democratic Union […]
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Business
$3bn deal: We are beginning to reap substantial macroeconomic benefits – BoG Governor
The Ministry of Finance and the Bank of Ghana have shown a steadfast commitment to a set of policies right from the beginning of the implementation of the $3 billion programme with the International Monetary Fund (IMF) under very difficult circumstances, Governor of the central bank, Dr Ernest Addison has said. He stated that they […]
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Business
IMF deal: Addison expresses optimism that 2nd review will lead to release of 3rd tranche
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has expressed optimism that the successful second review of the programme with the International Monetary Fund (IMF) will lead to the release of the 3rd tranche. The country had already received two tranches, $600million each. The release of the third tranche would increase the total […]
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Business
IMF: We are satisfied with Ghana’s Economic Performance
The International Monetary Fund (IMF) has expressed satisfaction with Ghana’s Economic performance under the IMF-supported program, as it reaches staff-level agreement on the second review of Ghana’s economic program under the Extended Credit Facility (ECF) arrangement. Addressing the media at a joint news conference with the Bank of Ghana (BoG) and the Ministry of Finance […]
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World News
Panama Papers money-laundering trial begins
The trial of 27 people charged in connection with the Panama Papers money laundering scandal has started in a Panamanian criminal court. The leak of secret financial documents in 2016 revealed how some of the world’s wealthiest people stashed their assets in offshore companies. The defendants include Jurgen Mossack and Ramon Fonseca Mora who founded […]
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Business
Bank of Ghana seeking to hand over Gold for Oil programme to a commercial bank – Dr Addison
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 […]
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Business
Governor Addison assures PAC of ‘a big jump’ in BoG’s holdings of gold
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 […]
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Business
Ghana’s economy is improving – BoG Governor
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 […]
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Featured
Facilities in new head office have been downsized – BoG Governor reveals
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 […]
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Entertainment
I Want To Visit Ghana -Michael B. Jordan
Renowned American actor and film producer, Michael Bakari Jordan, has revealed his strong desire to visit Ghana, citing the country’s renowned hospitality and caring nature as major factors driving his
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General News
2 females, 9 males in court over alleged narcotic offences
Two females and nine males between the ages of 18 and 52 years have been hauled before the Accra Circuit Court for unlawful possession of drugs. They are Ethel Anaab, 28 a trader, Daniel Tetteh Botchway, 52 a farmer, Ruth Botchway, 20 a trader, Kofi Nti, 29 a driver and Benette Adjei, 29 a chef. […]
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General News
GNPC Boss Given One Month To Pack Out
In a surprising development, Opoku-Ahweneeh Danquah, the Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), has stepped down from his position. In a letter addressed to
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International
Israel claims senior Hamas commander Marwan Issa killed in Gaza strike
Hamas deputy military commander Marwan Issa was killed in an Israeli strike earlier this month, Israel’s military spokesman has said. There was no immediate comment from Hamas, the Palestinian group that governs the Gaza Strip. “We have checked all the intelligence,” Israel’s Rear Admiral Daniel Hagari said in a televised statement on Tuesday. “Marwan Issa […]
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Business
Addison explains why Ghana’s economy is growing but the Cedi is depreciating
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, […]
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Business
Bank of Ghana prepared to tackle cross-border illegal transfers – Governor 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 […]
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Economy
BoG holds policy rate steady at 29% amid lingering inflation risks
By Joshua Worlasi AMLANU (joshua.amlanu@thebftonline.com) 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 […]
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We will always fight for the national colours – Jordan Ayew
Jordan Ayew has reaffirmed the steadfast commitment of himself and his older brother Andre Ayew to the Black Stars cause. The Ayew brothers, mainstays in the Ghanaian national team for over a decade, have vowed to continue fighting for their country till the end. Speaking ahead of the Black Stars’ upcoming friendly match against Uganda, […]
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