Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has revealed that he cautioned President Akufo-Addo against tampering with the Energy Sector Levy Act (ESLA), expressing concerns that such actions could lead Ghana back into the era of ‘dumsor,’ referring to the country’s previous power crisis. Mahama made this disclosure during a meeting with […] The post Dumsor:
The Kumasi High Court has directed Alexander Kwabena Sarfo-Kantanka, the unsuccessful nominee for the position of Juaben Municipal Chief Executive (MCE), to present his defence. Mr Sarfo-Kantanka is accused of 26 counts of corruption, allegedly for distributing bribes to local assembly members to secure their approval as MCE of Juaben, following his nomination by President […] The post Kumasi:
The Director of Research at the Institute of Economic Affairs (IEA), Dr John Kwakye, is wondering how the commercial banks are going to break even and increase lending to the private sector vis-a-vis the Bank of Ghana’s higher cash reserve requirement for commercial banks. To him, the higher cash reserve requirement for commercial banks. counterproductive […] The post How
Communications director of the Ghana Football Association (GFA) Henry Asante Twum has appealed to Ghanaians to remain calm and supportive of the Black Stars’ technical staff, particularly head coach Otto Addo, as they navigate through a transitional period. In an interview with Akoma FM, Henry Asante acknowledged the difficulties facing the team following their underwhelming […] The post Ghanaians
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
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
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
Asante Kotoko’s struggle continued as they endured a goalless stalemate against Bechem United on Saturday, extending their winless run to five games. Despite showing signs of improvement compared to their previous four defeats, the Porcupine Warriors couldn’t secure the much-needed victory. Despite their efforts, Asante Kotoko had to settle for a point. However, their standing […] The post Bechem
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
His Royal Majesty, Opemsuo Osei Tutu II, the Asantehene, has sealed his enthusiasm to see the 70 year old Komfo Anokye Teaching Hospital (KATH) renovated to save lives. The Ashanti Overlord has set the pace and shown leadership by example by donating a whopping $5 million (the equivalent of 660 billion old Ghana cedis or GHc66 million) […] The post Otumfuo donates $5 million towards KATH renovation
The Kumasi Metropolitan Assembly (KMA), in collaboration with Kumasi Compost and Recycling Plant Limited (KCARP), Africa’s largest compost plant, which is a subsidiary of the Jospong Group has donated 30 waste containers to the Manhyia Palace. The waste containers were jointly presented to the Palace by Mr. Francis Dwira Darko, the Metro Coordinating Director and Mr. Eugene Amo-Asamoah […] The post KMA,
Traders from Bantama Race Course and Suame markets and those from Kejetia Central and Abinkyi Markets in Kumasi have contributed a total of GHc220,000 to the Heal KATH project. While the women from Kejetia Central and Abinkyi Markets, led by Nana Yaa Foriwaa contributed GHc100,000, the Bantama Race Course and Suame market traders headed by […] The post Kumasi market women donate 220k to Heal
Former Kotoko coach Charles Kwablah (CK) Akonnor, has urged fans of the club to remain hopeful in current coach Prosper Narteh Ogum amidst growing concerns over poor results. The Porcupine Warriors are currently facing a challenging period, having slipped to eighth place in the Ghana Premier League standings after losing four matches and drawing one […] The post Ogum will eventually make
Vice President and flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, led a government delegation over the weekend to pay their final respects to the late Paramount Read More... The post Bawumia Bids Sunyani Omanhene Farewell appeared first on
In a time of turmoil for Asante Kotoko, former coach CK Akonnor has called upon the club’s loyal supporters to exercise patience with current manager Prosper Narteh Ogum, drawing comparisons to the journey of Mikel Arteta at Arsenal. The Porcupine Warriors find themselves grappling with a difficult phase, currently lying in eighth place in the […] The post Kotoko
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
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