Gregory Afoko, the farmer accused of murdering Adams Mahama, former New Patriotic Party (NPP) Chairman has, for the third time in eight years, pleaded not guilty to conspiring with convict, Asabke Alangdi, to murder the former New Patriotic Party (NPP) Upper East Regional Chairman. Alangdi, who has already been convicted on the charge of conspiracy, […] The post NPP
In a major development, the International Monetary Fund (IMF) has given its approval for the first review of Ghana’s loan programme, allowing for the immediate disbursement of approximately $600 Read More... The post IMF Approves 2nd Tranche Payment
Deputy Finance Minister Dr. John Kumah has asserted that Ghana’s economy has successfully overcome recent challenges, positioning itself for sustainable growth to benefit Ghanaians. In a Facebook post dated January 19, Dr Kumah highlighted the unanimous approval of Ghana’s request for debt treatment under the G-20 Common Framework. This, he believes, forms the foundation for […] The post We’ve
Finance Minister Ken Ofori-Atta has expressed welcome the International Monetary Fund’s release of the second tranche of Ghana’s extended credit facility with the Bretton Woods institution. According to the Finance Minister, the approval of an additional $600 million for Ghana’s bailout programme signifies the country’s progress in its economic reform trajectory. “Earlier today, the IMF […] The post Release
The International Monetary Fund has commended Ghana for successfully achieving all targets set for the $3 billion three-year extended credit facility. In a statement issued on Friday, January 19, 2024, the IMF highlighted that “Ghana’s performance under the program has been strong. All quantitative performance criteria for the first review and almost all indicative targets […] The post Ghana’s
Kristalina Georgieva The International Monetary Fund (IMF) board has expressed its satisfaction with the assurances received from Ghana’s external creditors. Managing Director of the IMF, Kristalina Georgieva, who revealed Read More... The post IMF Boss Happy With Ghana’s Progress
In light of the significant opportunities that Artificial Intelligence (AI) holds for fostering sustainable growth and development in Africa, government has taken steps to oversee and regulate the technology’s utilisation within the country. Currently, improved digital connectivity, growing data volumes, advanced algorithms and enhanced computing power are driving technological progress in AI. Against this background, […] The post
The post Ghana-IMF Deal: You should be very wicked to think there’s no wastage in our system – Kabutey Ocansey appeared first on Citinewsroom - Comprehensive News in Ghana.
Artificial intelligence will affect up to 40% of jobs worldwide, the International Monetary Fund (IMF) has warned. This could rise to 60% of roles in advanced economies like the UK – but it is believed that, in half of these cases, AI will benefit the workforce. In a new report, the IMF warned that AI’s […] The post Artificial intelligence
The government has announced that it has reached an agreement with its Official Creditors in restoring debt sustainability in line with the International Monetary Fund (IMF) programme targets. The government is seeking to secure the 2nd tranche of the IMF bailout after securing the 1st tranche in 2023. The government embarked on a Domestic Debt […] The post IMF
Africa50 Group, the pan-African infrastructure investment platform, has announced the successful first close of the Africa50 Infrastructure Acceleration Fund (Africa50 – IAF) on December 29th, 2023, securing $222.5 million in commitments. In an African first, Africa50-IAF secured participation from 16 African institutional investors, including sovereign wealth funds, pension funds, social security funds, insurance companies, banks, […] The post Africa50
Academic work has begun in some schools in the Nkwanta South Municipality of the Oti Region after months of closure due to the ongoing ethnic conflict that began in October 2023. Hundreds of residents fled the community after more than 15 persons were killed due to disagreements over the performance of ritual rites related to […] The post Nkwanta clash: Schools reopen after
Residents of Loagri village in the North East Region of Ghana are calling for the immediate removal of police officers stationed in their community, accusing them of unprofessional conduct and excessive use of force. The demand comes after a recent incident where police officers attacked residents who prevented them from apprehending an alleged motorbike thief […] The post Loagri
The District Chief Executive (DCE) of Mamprugu Moagduri, Adu Adam, has voiced concerns over the Ghana Police Service’s handling of a recent incident in Loagri, North East Region, where tensions erupted between residents and police regarding an alleged motorbike theft. The incident, which saw ten people injured after police fired warning shots, has sparked outrage […] The post Loagri
In a sobering analysis of government’s 2024 budget, WaterAid Ghana highlights a concerning 68% reduction in allocation for the Ministry of Sanitation and Water Resources (MSWR) compared to the previous year. The total budget for MSWR plummeted from GH¢1,847,454,545 in 2023 to a mere GH¢591,052,380 in 2024. This drastic reduction is primarily attributed to a […] The post
President Bola Tinubu, on Monday, vowed that he won’t lose the battle to keep Nigeria secure, adding that he will provide the military with the necessary support to keep the troublers of the nation at bay. The President spoke at the Chief of Army Staff Annual Conference 2023 in Maiduguri, Borno State. The President, according to […] The post I won’t lose battle to keep Nigeria secure -Tinubu
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