BUSINESS

No more fake motor insurance in Ghana as motor insurance goes digital

Government’s digitization agenda which, is being spearheaded by the Vice President, Dr. Mahamudu Bawumia has achieved another milestone with the addition of motor insurance to the growing list of digitized government agencies. The Vice President announced in July last year at the US-Ghana Business Forum that after holding a series …

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Akufo-Addo gov’t borrows GHS86bn in 3 years

Ghana’s debt stock has increased by about GS86.6 billion since the Nana Akufo-Addo government came into office three years ago. Some economists and market watchers have described the rate and quantum of borrowing by the government as alarming and warned that it could plunge the nation into an economic crisis …

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Ghana’s debt-to-GDP to hit 65% 2023 – Moody’s

Ghana’s debt-to-GDP ratio is projected to hit 65% by the year 2023. According to international rating agency Moody’s, Ghana’s debt will rise primarily due to an annual assumption of 2% of GDP in the form of contingent liabilities. Moody’s’ forecast also includes disbursements under the $2 billion financing deal with …

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Gambaga Girls SHS abolishes double track system

The Gambaga Girls Senior High School (SHS) in the East Mumprusi Municipality of the North East Region has reverted from the ‘Double Track System’ to Single Track owing to massive infrastructural development in the school. The ‘Double Track System,’ under the Free SHS policy was in two sessions; the Green …

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Interest in investing in Ghana continues to rise – Oppong Nkrumah

Information Minister, Kojo Oppong Nkrumah, has noted that interest in making investment in Ghana especially by foreigners continues to rise. The Information Minister who doubles as the Member of Parliament for Ofoase-Ayirebi constituency in the Eastern Region, made this known after participating in the Ghana Investment Summit in the United …

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COCOBOD introduces slashers to improve cocoa quality

The Ghana Cocoa Board (COCOBOD) has taken delivery of 100,000 pieces of motorised slashers to be distributed to cocoa farmers throughout the country. The slashers are to prevent the farmers from resorting to the use of weedicides on their farms and, thus, reduce the risk of having the beans contaminated …

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Ghana’s economy at all-time best in a decade – Moodys Ratings

International credit rating agency, Moody has reaffirmed Ghana’s credit rating at B3 with an upgraded outlook to positive from stable. This credit rating position is the best Ghana has received from Moody’s in the last decade. A statement issued by Moody on Friday, 24th January 2020 stated that “Moody’s investors …

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Number plate manufacturers plot uncovered

Credible reports and intelligence gathered by ghananewspage.com points to a deliberate ploy by a cartel to tarnish the image of the Chief Executive Officer of DVLA, Mr. Kwasi Agyemang Busia. The cartel, which is a plate manufacturing gang, is angered because the CEO is tirelessly working to seal the loopholes, …

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Pupils abandon school as cult clashes claim 13 lives

Thirteen suspected cultists have been killed in the ongoing clash between members of the Eiye and Aiye confraternities in the Ijede Local Council Development Area of Lagos State. Residents lamented that they were unsafe as the cultists freely use sophisticated weapons in the Luwasa, Igbe and Ijede areas of Ikorodu. …

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Ex-BoG governor wanted

Report reaching DGN online indicates that the police have launched a manhunt for the arrest of a former Deputy Governor of the Bank of Ghana, Dr. Johnson Asiamah. The former deputy Governor is wanted in connection with the banking crisis that led to the collapse of nine commercial banks. The …

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Youth consuming sanitary pad concoction, human faeces for vitality

A desperate search for vitality has over the years pushed some Ghanaian youth into consuming poisonous substances, including various kinds of glue, turpentine and petrol, but the latest discovery will shock the nation. In the Upper West Region where the new substance abuse is believed to have originated, the youth …

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KNUST Opens applications For Academic Year 2020/2021.

KNUST Opens applications For Academic Year 2020/2021. Graded 14th on the continent, West Africa’s best university,KNUST, has announced opening of admissions for the academic year 2020/2021.   Read below Specifications. Admission of Candidates to Undergraduate Degree Programmes for the 2020/2021 Academic Year WASSCE/SSSCE/ADVANCED LEVEL/MATURE/ABCE/GBCE AND IB CANDIDATES For the knowledge …

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German-Ghana reform partnership yields optimum benefits

To improve the performance of various governmental institutions and provide the necessary financial support, the German Government is providing more than €100 million to the District Assemblies Common Fund for inclusive development.   This forms part of the reform partnership approach between the two countries which seeks not only to …

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Opuni ‘fertilizer’ drinkable – Witness

An Accra High Court has heard that some farmers who appeared before a Ghana Cocoa Board (COCOBOD) fact-finding committee on fertilizer claimed that the Lithovit fertilizer which they used on their farms was like water and, therefore, drinkable. The farmers are said to have complained about the quality of the …

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(VIDEO): 37 Military Hospital Blazing With Unquenchable Fire

Confirmed information available to thedistin.com  has it that the Officers’ Mess at 37 Military Hospital is currently blazing. However, the cause of the fire is yet to be ascertained and the video shows thick fumes of smoke billowing out of the building as people stood to watch. In the video, …

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IMF cuts Ghana’s growth rate to 5.6%

Ghana’s growth rate for the year 2020 has been revised to 5.6% s as against earlier (October 2019) forecast of 6 %, the International Monetary Fund (IMF) January 2020 World Economic Outlook Report has revealed. This is against World Bank’s 6.8% which will make Ghana the 3rd fastest growing economy …

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IMF cuts Ghana’s growth rate to 5.6%

Ghana’s growth rate for the year 2020 has been revised to 5.6% s as against earlier (October 2019) forecast of 6 %, the International Monetary Fund (IMF) January 2020 World Economic Outlook Report has revealed. This is against World Bank’s 6.8% which will make Ghana the 3rd fastest growing economy …

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MTN to announce compensation for network disruption

Telecoms giant, MTN, says it is finalising modalities to compensate its subscribers for the major network disruption last week. Corporate Services Executive at the leading mobile network operator, Sam Koranteng, said discussions on the compensation package will soon be announced. “At MTN, when our subscribers have gone through some discomfort …

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Shelter, school for street children coming – Bawumia

Vice-President Dr Mahamudu Bawumia has said the government has secured a piece of land to build a shelter and school for street children in the national capital. “Land has been provided by the government through the Accra Metropolitan Assembly (AMA) for the construction of accommodation and a school for street …

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ECOWAS Finance Ministers, Governors discuss future of ECO

Finance and Economic Ministers and Central Bank Governors in West Africa have expressed reservations about the recent renaming of the common currency for member countries in the Francophone zone (CFA Franc) to ECO. They described the action as a “unilateral” decision that was not in line with the requirements for …

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Free SHS will break poverty cycle in Ghana – Adutwum

The Deputy Minister of Education in charge of secondary education, Dr.Yaw Osei Adutwum, says the implementation of the Free Senior High School Education policy will break the cycle of poverty in the country. Ghana has reduced poverty levels by half between 1991 and 2014. But it estimated that more than …

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