The OmniBSIC Bank, thought to be the fastest growing bank in the country, 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 per cent to GH¢150.6 million in … The post OmniBSIC Bank posts historic GH¢150m
By Joshua Worlasi AMLANU [email protected] Finance Minister Dr. Mohammed Amin Adam has assured that government is pushing forward with its debt negotiations, determined to reach an agreement with its creditors that is acceptable to all parties while staying within the sustainability targets of its IMF-supported economic programme. Ghana is aiming to cut US$10.5billion from its […] The post
Dr Mohammed Amin Adam, the Minister of Finance, has outlined key performance indicators that led to the successful completion of the Second Review by the International Monetary Fund (IMF). On Saturday, April 13, 2024, the IMF disclosed that it had reached a staff-level agreement on the second review of the extended credit facility with Ghana. […] The post IMF
The founder and leader of the Movement for Change, Alan Kyerematen, has pledged to abolish several taxes imposed on imports that he said are unnecessary and a huge burden to the trading community. Mr. Kyerematen made the pledge in an engagement with members of the Ghana Union of Traders Association (GUTA). He said the abolishment […] The post Ghana will have
The Minister for Finance, Dr Mohammed Amin Adam has stated that the effective implementation of the programme with the International Monetary Fund (IMF) is yielding some good results. He says the country is now witnessing relative macroeconomic stability and seeing signs of economic recovery. Speaking at a joint IMF, Ministry of Finance, Bank of Ghana, […] The post Govt
The Economic and Organised Crime Office (EOCO) has concluded its investigations into alleged organised crime in the award of contracts at the Ministry of Roads and Highways. The probe stemmed from claims made by Professor Stephen Adei, a former Rector of the Ghana Institute of Management and Public Administration (GIMPA). In October 2023, Professor Adei […] The post EOCO
Two men were reported dead and three injured when some Kplejoo groups clashed with the Navy at Tema Newtown during the final procession of the Kplejoo festival. The Ghana News Agency (GNA) reports that as part of the festival, the groups on the evening of last Friday, went on their usual annual procession throughout the … The post 2 dead, 3 injured in Navy, Kplejoo appeared first on Ghanaian
The Ghana Revenue Authority (GRA) has handed over 14 out of the 182 containers of locked-up pharmaceutical products needed in the fight against HIV/AIDS, malaria and tuberculosis to the Ministry of Health. The essential medical commodities, including antiretroviral drugs for HIV patients, were stuck at the Tema port for almost a year due to the … The post GRA
Ghana is expected to receive about US$360 million from the International Monetary Fund (IMF) following a staff-level agreement reached between the government and staff of the Fund. However, this agreement, which is on the second review of the country’s economic programme under the US$3 billion Extended Credit Facility arrangement, is subject to IMF’s management approval … The post IMF
The Minister of National Security, Mr Albert Kan- Dapaah, has advocated homegrown initiatives in curbing security threats in West Africa. Mr Kan-Dapaah stressed that developments in West Africa were “emblematic of the chaos and crisis” that had characterised the world in the past decade; the magnitude of which remains unprecedented since the end of the … The post Support
The President, Nana Addo Dankwa Akufo-Addo, over the weekend launched an endowment fund for the Anglican University College of Technology (ANGUTECH) with a call on adherents of the Anglican faith and public-spirited individuals to contribute to the fund. The fund, which seeks to raise a minimum of $2 million, is to support the recapitalisation of … The post President
The Second Vice Chairman for the Ejisu Constituency of the New Patriotic Party (NPP), Mr Kwabena Boateng, emerged victorious as the Party’s Parliamentary Candidate ahead of the upcoming general election. He polled 394 votes in the Saturday’s primary, outperforming his closest competitor, Helena Mensah, who garnered 302 votes, with Yaa Akyemaa Aboagye trailing with 229 … The post Kwabena
Mohammed Amin Adam In a press briefing held on Saturday, Finance Minister Mohammed Amin Adam assured Ghanaians that the government is committed to not burdening citizens with more taxes. Read More... The post Government Assures Ghanaians Of No New Taxes appeared
The Ministry of Transport has directed the Ghana Police Service and other security agencies to arrest any commercial driver who has resorted to charging new transport fares outside the existing one, thereby, putting undue burden on commuters. In a statement signed by its Public Relations Unit and released in Accra on Sunday, April 14, 2024, […] The post Arrest
It is a welcome relief to hear the Ministry of Food and Agriculture (MoFA) categorically deny the commercialisation of certain genetically modified organisms like maize, soy or even perhaps, tomatoes in our food chain. The clarification comes amid concerns expressed by a number of interest groups like the Peasant Farmers Association of Ghana (PFAG), aggregators […] The post
The S.D. Dombo University of Business and Integrated Development Studies and the International Labour Organization (ILO) are planning to launch a Shea Entrepreneurship Resource Centre in Tamale, located in the Northern Region. The centre, a part of the ILO’s “Productivity Ecosystems for Decent Work Project”, will concentrate on comprehending labour dynamics, enhancing productivity, and implementing […] The post SDD-UBIDS/ILO
The government is under scrutiny for its handling of the co-financing agreement with the Global Fund, as revealed by Ernest Amoabeng Ortsin, the president of the Ghana HIV and AIDS network. This issue has come to the forefront following the Ministry of Health’s clearance of 14 containers of anti-retroviral drugs and TB medications at the […] The post Govt
More than 13,000 infrastructural projects have been successfully executed and validated by the government between January 2017 and June 2023, Minister of Works and Housing, Kojo Oppong Nkrumah, has revealed. Mr Oppong Nkrumah launching the tracker Photo: Victor A. Buxton These projects, he said, included a total of 11,974.96 kilometres of roads, 1,446 telephony sites, … The post Performance
The Kwadaso Circuit Court has remanded in prison custody a self- acclaimed fetish priest for allegedly publishing false information about the VIP Jeoun Transport Company. Emmanuel Frimpong, 24, also known as “Beyefuo,” was said to have published the information viatiktokto allege that drivers of VIP were engaged in ritual expeditions. His plea to a charge … The post Fetish priest
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
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