Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said that Nigeria is currently saddled with a crisis related to the challenges posed by its currency, the Naira. He said this is similar to what Ghana went through in 2022 when inflation kept rising, coupled with the rapid depreciation of the Cedi. Reuters […] The post Naira woes: Nigeria going through
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will be holding the 117th press conference today Monday, March 25. The MPC is expected to announce major policy decisions including whether or not the policy should reduce. The MPC is also expected to talk about the performance of the Cedi against the dollar […] The post Bank of Ghana to announce key decisions
Ghanaian Blogger, Bongo Ideas has revealed the ordeal he experienced when he was arrested by some men who masqueraded as police officers. The post ‘They pointed a gun to my head and asked me to say my last prayers’ – Bongo Ideas speaks on his arrest first appeared on 3News.
The Bank of Ghana (BoG) has maintained its Monetary Policy Rate (MPR) at 29 per cent. This comes as the International Monetary Fund (IMF) warned Central Banks to be careful when cutting interest rates as looser monetary policy could push inflation up further. This is the first time the BOG is maintaining the rate in […] The post BoG maintains policy rate at 29% appeared first on
Ghana’s foreign exchange market came under some seasonal pressures in February and early March 2024, but the Ghana cedi continues to recover its value, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. He explained that the pressures emanated mainly from the strengthening of the US dollar in international markets, and payments […] The post Ghana’s
Gross international reserves (GIR)increased in 2023, Governor of the Bank of Ghana (BoG) Dr Ernest Addison has said. The stock of the GIR at the end of December 2023 rose to US$5.91 billion, equivalent to 2.7 months of imports cover for goods and services, he said. Excluding pledged assets and the Ghana Petroleum funds, the […] The post Ghana’s gross international reserves
A number of West African musicians have attracted international attention in recent years, contributing to the growth of the continent's music scene. The post Burna Boy, Davido and Wizkid rated as most popular musicians in West Africa; no Ghanaian artist listed first appeared on 3News.
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, concluded her visit to Ghana on Monday, 18th March, 2024, following two days of productive engagements. Dr. Ernest Addison, Governor of the Bank of Ghana, bid farewell to the IMF MD, alongside the First and Second Deputy Governors of the bank and the IMF […] The post IMF MD departs
Ghana’s policy rate is one of the highest globally and can not be justified, therefore the Bank of Ghana (BoG) has a duty to slash it drastically by at least 200 basis points, an economist and Director of Research at the Institue of Economic Affairs (IEA), Dr John Kwakye, has said. In his view, reducing […] The post Ghana’s policy rate is one of the highest
The Governor of the Bank of Ghana, Dr. Ernest Addison, has underscored the need for banks to remain committed to their critical role of bridging trade financing in both the primary and secondary markets. According to the governor, this will help strengthen the country’s financial systems. Speaking at the Ghana International Bank cocktail event to […] The post BoG
Japan Motors Trading Company Ltd. (JMTC) together with its sister company Lakeside Estate has donated two brand new powerful Yamaha FJR 1300AP Police Escort Motorcycles to the Ghana Police Service The donation valued at GH¢ 728,000 according to the 2 companies is to facilitate the movement of security personnel and the law enforcement agencies in […] The post Japan
Prof Kyei (middle) with Dr. Emmanuel K. Ireland, Chairman of the Community Practice Pharmacists Association (right), and Ebenezer Bediako, a director, ECL (left) with the new product Ghana’s leading Read More... The post Ernest Chemists Launches Prostenal For Men
Nottingham Forest have been deducted four points for breaching the Premier League’s Profit and Sustainability Rules (PSR), the league announced yesterday moving the side into the relegation zone. Forest Read More... The post Nottingham
The Ghana Police Service has apprehended a suspect, Mark Forson, in connection with the murder of Dr. Christopher Adu Boahen in Accra. Dr. Christopher Adu Boahen was the son of the late Professor Albert Adu Boahen, who was the NPP’s presidential candidate in the 1992 elections, marking Ghana’s return to democracy under the Fourth Republic. […] The post One arrested over murder
The Ministry of National Security has strongly denied arresting controversial social media commentator Albert Nat Hyde, popularly known as Bongo Ideas. Reports purportedly suggested that Bongo Ideas was arrested on Thursday, March 14, 2024, in his house in Accra by the police and operatives of the National Security. But the Ministry of National Security in […] The post National
The Economic and Organized Crime Office (EOCO) has arrested four people allegedly involved in a “sophisticated mobile money and SIM swap fraud scheme.” EOCO has put the four accused, including a female, before an Accra Circuit Court for their actions, which have led to the loss of GHC113,947.57 cedis belonging to one of Ghana’s largest […] The post EOCO
Police in the Ashanti Region have apprehended five individuals in connection with an alleged assault on fire officers responding to a fire outbreak at the Racecourse Market on Monday, March 11, 2024. During the altercation, one of the fire officers sustained injuries. The suspects accused the fire service personnel of delayed response, prompting them to […] The post Ashanti
A man, whose identity is currently undisclosed, has sustained gunshot wounds in an alleged attack by the Tema police night patrol team. The incident occurred on Friday, February 23, 2024, in Kpone within the Tema region under the jurisdiction of the Ghana Police Service. The victim was shot in the shoulder through the rear of […] The post Man sustains gunshot wounds
Four people have been arrested following a clash between some residents of Manso Tontokrom and private security personnel deployed to protect the concession of Asanko Gold Mines in the Ashanti Region. The arrests follow the altercation, which occurred on Saturday, March 2, 2024, when the security personnel reportedly fired gunshots, resulting in the death of […] The post Manso
As part of contributions to the reconstruction of the Gbewaa Palace in Yendi in the Dagbon kingdom, Valley View University has donated a hundred bags of cement to the Gbewaa Palace. The Vice Chancellor of the University, Professor Williams Koomson said the gesture is part of its community service and also an appreciation for the […] The post Valley View University
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