BUSINESS

Auditor General identifies 366 suspected cases of personation

The Ghana Audit Service has identified 366 suspected cases of personation by public sector employees. According to its Payroll Report, it has provided the details to the heads of Ministries, Departments and Agencies/Metropolitan, Municipal, District Assemblies to investigate and submit a report for further review within 3 months after the …

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Coronavirus: Students share their thoughts about reopening of schools

Some Senior High School students across the country have expressed their feelings, thoughts and concerns about reopening of schools during the coronavirus pandemic. Teacher unions, parents, and other stakeholders in education have sparked conversations in recent times, about the reopening of schools during the pandemic. According to these bodies, it …

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Ghana Gas debunks COPEC’s lower quality claims

The Ghana National Gas Company has dismissed claims by the Chamber of Petroleum Consumer (COPEC) that the liquefied petroleum gas being supplied is of lower quality. Executive Secretary of COPEC, Duncan Amoah, had earlier made the claim. He had raised red flag over the quality of liquefied petroleum gas being …

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Lawyer pushes for KelniGVG Boss to be jailed for alleged perjury

Francis Kwarteng Arthur, a Ghanaian and private legal practitioner challenging the President’s Executive Instrument on the Electronic Communications law, has filed an application in court seeking to have the Chief Executive Officer of KelniGVG, Rouba Habboushi jailed for alleged perjury. In his application, Mr. Arthur explained that Roaba Habboushi in …

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Cedi loses grip on US dollar – Data Bank research

After three months’ victory over the wrestle with its major trading currency, the US dollar, the cedi finally lost its valour and entered into depreciating mode, as it has succumbed to the threat from the devastating impact of the coronavirus pandemic. The local currency was on top of its game …

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Pwalugu Multi-Purpose Dam Takes Off

The President of Ghana His Excellency Nana Addo Dankwa Akufo-Addo cut the sod in November 2019 for the construction of the multipurpose dam.   The dam seeks to benefit Ghanaians in many aspects such as electricity, fisheries, irrigation and control of flood.   Although this project fulfills Government’s policy of …

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Bui Power Authority justifies demolition exercise

The management of the Bui Power Authority (BPA) has justified a recent demolition exercise undertaken its buffer zone. The Authority said the demolition was necessary because the settlers slowing down their work. A statement signed by Fred Oware, CEO of BPA said its attention was drawn to various media reports …

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Mining records 38% Producer Price Inflation

The Mining and Quarrying sub-sector recorded the highest year-on-year producer price inflation rate of 38.0 percent, the Ghana Statistical Service (GSS), has said. This, according to the GSS, is followed by the utility sub-sector with 12.1 percent. The Manufacturing sub-sector recorded the lowest year-on-year producer inflation rate of 0.5 percent. …

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We never said we were reopening schools – Oppong Nkrumah

Government says that reports circulating that it will soon reopen schools across the country are untrue. Government says it is instead engaged in consultation on when and how to reopen schools. Speaking at the Information Ministry’s press briefing Thursday, Minister for Information, Kojo Opong Nkrumah said “with the greatest of respects it is not …

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Sections Of Pre-Tertiary Educational Bill Deleted

The Education Ministry has deleted sections of the Pre-Tertiary Education Bill. The deleted sections have to do with the decentralization of the education service. A statement from the Ghana Education Service said the decision was taken after a meeting with the various unions within the education sector. The letter signed …

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Average lending rate drops marginally in April

After staying virtually flat for about a year and a half, the average lending rate of banks has started to show signs of decline in April after the Bank of Ghana reduced the monetary policy rate the month before. The Summary of Economic and Financial data (May 2020) published by the Bank of …

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‘Don’t Rush In Re-opening Schools’- Headmaster to Gov’t

Assistant Headmaster in charge of Academic, Apostle Safo School of Arts and Sciences at Awoshie Last Stop, Accra, Hughes Lartey, has cautioned the government against the re-opening of schools in the wake of the coronavirus (COVID-19) pandemic.   In his firm estimation, school children, especially those in the lower primary, …

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Payment of ECG legacy debt good news – IES

The Executive Director of the Institute of Energy Security (IES), Paa Kawsi Anamua Sakyi, has said it is refreshing to note that the government has cleared the legacy debts of the Electricity Company of Ghana (ECG). Mr Sakyi however asked the government to ensure that the debt situation does not …

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Two die after galamsey pit caves in

Two illegal miners have died after a mining pit caved in on them. The incident occurred May 18, 2020, around 9:00 am at a mining site of Nawara mining Company in Akyem Osino in the Fanteakwa South District of the Eastern Region. The bodies of the deceased persons -Atwere Emmanuel, …

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Ghana’s coronavirus cases jump to 6,096

Ghana’s COVID-19 case count has risen to 6,096, following the confirmation of 178 new cases. This was confirmed by the Ghana Health Service (GHS) in its latest update on Tuesday night [May 19, 2020]. The latest figures by the Service also indicates 1,773 recoveries from the virus, representing an increase …

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SMEs to receive stimulus through MoMo, bank accounts – NBSSI

Executive Director of the National Board for Small Scale Industries (NBSSI), Ms Kosi Antwiwaa Yankey, has announced that businesses will receive their portion of the GH¢600million stimulus package through their Mobile Money or bank accounts. Speaking at the launch of the coronavirus alleviation programme business support scheme, at the seat …

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Application for GH¢600m stimulus begins today, interest rate at 3%

The application process for accessing the GH¢600 million COVID-19 Fund will start tomorrow, 20th May 2020, and end on Saturday, 20th June 2020. The beneficiaries are expected to be either self-employed, sole proprietors, or engaged in a limited liability, partnership, or joint venture arrangement. The criteria states that the qualifying …

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Finance Ministry launches 3 policy initiatives; targets 85% savings rate by 2025

The Ministry of Finance has launched three policy initiatives designed to deepen financial inclusion and accelerate the shift to digital payments. This includes the National Financial Inclusion and Development Strategy, Digital Financial Services Policy and the Cash-Lite Roadmap. The National Financial Inclusion and Development Strategy, which is developed in collaboration …

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Schools to reopen on 1 June 2020

Schools will reopen on 1 June 2020 with Grade7 and Grade 12 learners returning to the classroom, Basic Education Minister Angie Motshekga said on Tuesday. “Independent and public ordinary schools will open even in the metropolitan areas. Every school must adhere and observe the health and safety protocols that will …

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Ghana Finally Receives COVID-19 Cure From Madagascar

Ghana has finally received a cure for the novel COVID-19 from Madagascar, The Information Ministry has confirmed on its official twitter handle monitored by Mynewsghana.net. The COVID-19 cure is derived from artemisia – a plant with proven anti-malarial properties – and other indigenous herbs. Madagascar has so far cure 119 out …

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Oil prices jump as lockdowns ease and supplies tighten

Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by continuing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading. Brent crude was up $1.19, or …

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Gov’t settles over 2bn debt to ECG

The government has revealed that it has cleared over 2 billion Ghana cedis debt owed the Electricity Company of Ghana (ECG) which will, therefore, put the state-owned electricity distributor on the requisite sound financial footing. Addressing a press conference Tuesday, the Energy Minister, John Peter Amewu stated that the government …

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Police hunts for killers of DCE driver, two others

A special team from the Ashanti Regional Police Command is set to be deployed to the Amansie South District town of Dadease after at least three persons were killed in a gun attack on Monday night. The victims include a man who was later identified as 40-year-old Samuel Osei, driver of the …

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