One of the first questions that greeted Pep Guardiola after the announcement of his new two-year Manchester City contract last week was whether it increased the chances of Lionel Messi joining from Barcelona. “What I want is that he finishes his career there,” was Guardiola’s response, appearing to pour cold water on …
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BoG maintains policy rate at 14.5%
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 14.5 percent. Governor of the Bank of Ghana Dr Ernest Addison said at the MPC press conference in Accra on Monday, November 23 that “The Committee noted that inflation has eased following the spike to 11.4 percent. At 10.1 …
Read More »Rawlings’ family welcomes decision to name UDS after him
The family of the late former President Jerry John Rawlings has welcomed any decision to name the University for Development Studies (UDS) after him. According to the family, it has never been against such a ‘forward-looking’ decision, thus, it welcomed the naming of the institution after him. “We have quickly …
Read More »NDC Ejura accident: Five transferred to Komfo Anokye Teaching Hospital
Five of the victims of Saturday’s road accident involving National Democratic Congress’ (NDC) supporters at Ejura in the Ashanti region have been transferred to the Komfo Anokye Teaching Hospital. Authorities at the Ejura Government Hospital say the five, with head injuries, were part of 54 people who sustained various degrees …
Read More »Coronavirus: Ghana’s active cases drop
Ghana’s active Coronavirus (COVID-19) cases have seen a slight decline in the last week. As of Friday, November 13, the number of active cases stood at 1,541, and 1,146 on Tuesday, November 18. Recent figures from the Ghana Health Service (GHS) indicate that as of November 19, the number of …
Read More »Ghana records $1.7bn trade surplus in 10 months
The country recorded a strong trade surplus in the 10 months of this year. According to the Summary of Economic and Financial Data by the Bank of Ghana, the nation recorded $1.7 billion dollars trade surplus, about 2.6% of Gross Domestic Product in October 2020. The trade surplus is bigger …
Read More »CAF president Ahmad Ahmad banned five years by FIFA
Confederation of African Football (CAF), President Ahmad Ahmad has been given a five-year ban by the world governing football body, FIFA after being found guilty of receiving gifts and misappropriation of funds. The adjudicatory chamber of the independent Ethics Committee has found Ahmad Ahmad, the President of the Confederation of …
Read More »KNUST female professor named among top global scientists
Professor Marian Asantewah Nkansah of the Department of Chemistry, Kwame Nkrumah University of Science and Technology has been named among the top 10 scientists in Africa. She was also named among the top 60 scientists around the world in the 2020 Analytical Scientists Power List. The Analytical Scientists Power List …
Read More »Ghana’s public debt exceeds sustainability threshold
As widely expected Ghana’s public debt has now passed the generally accepted sustainability threshold of 70 percent of Gross Domestic Product, the GHc273.8 billion in total debt by the end of September translating to 71.0 percent of GDP. This is up from GHc209.1 million a year previously by which time …
Read More »Ghana, Ivory Coast Fix Cocoa Prices To Stop Exploitation Of Farmers
Ghana and Cote d’Ivoire have set their own prices for cocoa to counter unfair trade in the international market. To overcome control by multinational foreign companies, the two countries partnered in 2019 and agreed on new market price for cocoa at US$2,600 per tonne, with a living income differential of …
Read More »Farmers benefit from coronavirus response under TAAT programme
Over 20, 000 smallholder farmers have been supported to cultivate about 38, 000 hectares of maize and soya, Mr Felix Ngmenkaara Darimaani, the National Programme Coordinator of the Savannah Zone Agricultural Productivity Improvement Project (SAPIP) has said. He said under the COVID-19 response strategy of the programme, 15,000 farmers were …
Read More »Deception, huge consumption spending killing Ghana’s economy – Terkper
Finance Minister, Seth Terkper, has said the current Finance Minister’s penchant to churn out questionable figures during budget presentations so his books will look good, is contributing to Ghana’s troubled economy. According to him, because Ken Ofori-Atta usually fails to provide the true figure of, for instance the budget deficit, the financial system …
Read More »Free SHS has made Akufo-Addo the greatest leader in Ghana’s history – Asamoah Boateng
Former Minister of Information and National Orientation, Stephen Asamoah Boateng has said that the free SHS policy implemented by President Nana Addo Dankwa Akufo-Addo has made him the greatest leader in the history of Ghana. He said “What Nana Addo is doing in the education sector is unprecedented in the …
Read More »13 tertiary institutions hooked on free Wi-Fi
Vice President Dr Bawumia commissioned Government’s flagship Free Wi-fi Project to tertiary institutions in Accra on Friday, November 20, 2020. The project, which was executed by ECG, leverages ECG’s fibre-optic network to provide free internet connectivity to tertiary institutions. The pilot covered 13 tertiary institutions within the ECG coverage area. …
Read More »BizTech: Turquoise Couture, the brand changing the fashion game in Ghana
The Ghanaian fashion industry keeps growing day by day. As a result, fashion designers try their very best to keep up with new trends to stay in business. Chief Executive Officer of Turquoise Couture, Belinda Ofori, in an interview on GhanaWeb’s BizTech programme revealed how she protects her brand to …
Read More »Ghana’s to get Consolidated National Conservation Agriculture manual soon
Ghana will soon get a Consolidated National Conservation Agriculture manual that will review the myriad of existing Conservation Agriculture manuals and develop a standardized one to serve as a one-stop reference document for stakeholders. Conservation Agriculture is a sustainable approach to agricultural production aimed at protecting soil from erosion and …
Read More »Education budget could get US$1.5 billion boost with 5% increase in tax-to-GDP ratio – Report
Government could increase the education budget by US$1.5 billion if it increases the tax-to-GDP ratio by 5 percentage points in the medium term, international civil society organisation, ActionAid has said in a new report. ActionAid estimated that a 5-percentage-point increase in the tax-to-GDP ratio would lead to about US$7.8 billion …
Read More »Sack NLA boss or we demonstrate – Banker to Banker Lotto Writers
The Banker to Banker Lotto Writers’ Association of Ghana (BBLWA) has threatened to hit the streets if President Nana Addo Dankwa Akufo-Addo fails to remove the current boss of the National Lottery Authority (NLA), Osei Ameyaw from office. The association has accused Mr Ameyaw as working against them to take …
Read More »Gov’t targets diasporans to invest in economy
Finance Minister Ken Ofori-Atta has said the government will implement deliberate policies to attract diaspora investors to invest in the Ghanaian economy. He said that the government has already started attracting foreign investors into the country. Speaking on the sidelines of the Diaspora Business Breakfast meeting organized by the Ghana Investment Promotion …
Read More »Fuel Prices To Fall In Second Half Of November — IES Predicts
The Institute for Energy Security (IES) is projecting fuel prices on the domestic market to go down in second half of November this year. IES said it is as a result of indications from the first half of the window. According to IES, prices of fuel on the local market …
Read More »Nissan to commence assembling cars in Ghana
Nissan Motor Co. is set to start final assembly of cars in Ghana, responding to new legislation aimed at turning the West African country into an automotive hub for the region’s 380 million people. The Yokohama-based company is partnering with Japan Motors Trading Company Ltd., a Ghanaian car dealership, to …
Read More »Bawumia buys waakye with QR Code to demonstrate use
Vice-President Dr. Mahamudu Bawumia has urged all merchants in the informal and formal sectors to acquire and start using the all-new, all-inclusive Universal Quick Response Code (QR Code) system developed for Ghana, as part of efforts by the Akufo-Addo government, to migrate the economy from a cash-based one to a cash-lite …
Read More »UG reduces fees for 2020/21 academic year
Management of the University of Ghana (UG) has reversed its decision to increase the facility user fees for students for the 2020/2021 academic year. The students by this release, are directed to pay the exact amount they paid for the previous academic year for the 2020/2021 academic year. “After due …
Read More »Fire guts Sakumono school complex
Fire has gutted the Sakumono School complex near Tema in the Greater Accra region. The incident, according to eyewitnesses began around 5 am Thursday morning. The cause of the fire is not immediately known. Personnel from the fire service have been able to bring the fire under control. More to …
Read More »University graduate with first-class in mathematics turns cassava farmer
A young university graduate who scored a first-class in mathematics has resorted to what has been described as petty farming to make ends meet. Reports say Emmanuel Nworie from Nigeria graduated with a CGPA of 4.92/5.00 from the University of Nigerian, Nsukka (UNN) but has not found the befitting white-collar …
Read More »Prof Benneh murder: Second accused person at Korle-Bu for treatment
Opambour Agya Badu Nkansah, the second accused person in connection with the murder of Professor Yaw Benneh, is scheduled to receive a “particular treatment at Korle-Bu Teaching Hospital on November 25, 2020”, the prosecution has told the court. At the last court date, lawyer for the accused persons, Emmanuel Larbi …
Read More »NIC releases list of insurance companies in good standing
The National Insurance Commission (NIC) has shared with the general public all the insurance entities that can be trusted for business operations. NIC is the regulatory and supervisory body of the insurance services sector with a broad consumer. The commission has served the general public with the list of insurance …
Read More »Government accepts bids for 7-year cedi and 3-year dollar bonds
Government accepted all bids for the 7-year cedi bond and the 3-year dollar bond issuance, according to auctioning results obtained from the Bank of Ghana. For the 7-year cedi bond, it raised GH¢1.03 billion at a rate of 20.5 percent, whilst it got US$388.9 million dollars for the 3-year dollar bond …
Read More »Strategy for achieving US$25.3 billion by 2029 under NEDS outlined
The Ghana Export Promotion Authority has outlined an integrated list of 17 existing high performing and industrial priority products that could catapult the projected Non-Traditional Export (NTEs) revenue from the current total earnings of US$2.9 billion to US$25.3 billion by 2029. The move forms part of strategic efforts under the …
Read More »COCOBOD denies wrongdoing in purchase of insecticides
The management of the Ghana Cocoa Board (COCOBOD) has denied any wrongdoing in the matter of the purchase of insecticides for cocoa farms. A statement issued by the management on Tuesday, November 17 said its attention has been drawn to a document circulating on several online and social media platforms …
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