The Chinese government has decided to cancel a 250 million Yuan debt owed it by Ghana. In addition, the world super power has given the government 300 million Yuan grant to assist in its development process, both totalling 550 million Yuan. This came to light at a meeting between the …

The Securities and Exchange Commission (SEC) will begin accepting relevant documents for the validation of investment claims on November 18, 2019, following the revocation of the licenses of 53 Fund Management Companies. In a statement, the SEC said designated branches of Consolidated Bank of Ghana Limited (CBG) will open to …

Majority Leader and Minister for Parliamentary Affairs, Dr Osei Kyei Mensah Bonsu has said he has given up on members of the Minority in Parliament and he would not take what they say seriously because their very trademarks are lies and propaganda, MyNewGh.com reports. He questions why the NDC MPs …

Residents in some farming communities in the Fanteakwa North District of the Eastern region have threatened to boycott the upcoming MMDCE’s referendum and subsequently the Presidential and Parliamentary elections if deplorable roads linking their communities are not rehabilitated. The farmers say their general living conditions continue to worsen due to …

Government has signed the Concession Agreement for the construction of the Accra SkyTrain Project. The deal was signed on the sidelines of the ongoing African Investment Forum, on Monday. The signing of the SkyTrain agreement means feasibility studies to determine the bankability of the project will commence soon. Investors have …

The Kenule Beeson Polytechnic, Bori formerly known as Bori Polytechnic, has sacked 10 lecturers in connection with sex for grades Rector of the Institution, Onengiye Goergewill disclosed this when the Rivers State House of Assembly Committee on Education visited the school on oversight function. Georgewill said apart from the sacked …

The second tranche of the $2 billion Sinohydro deal has been approved and set to be disbursed early next year. It follows an approval given by Sinosure, the Chinese Export and Credit Insurance Corporation. Vice-President Dr. Mahamudu Bawumia who dropped the hint yesterday could not hide his excitement, saying “I’m …

Kwame Nkrumah University of Science and Technology (KNUST) has been adjudged the best University in Ghana and West Africa. The Ashanti Region-based university also came 14th on the African continent and 706th out of selected 1,500 best universities worldwide. It displaced two of West Africa’s prestigious tertiary institutions, the University …

An economist and research fellow with the Institute for Fiscal Studies (IFS), Dr. Adu Owusu Sarkodie is admonishing government to focus more on domestic revenue mobilisation as it prepares to present the 2019 Budget Statement and Fiscal Policy to Ghanaians on 13th November 2019. According to him, revenue generation is …

President Nana Addo Dankwa Akufo-Addo, says his government has succeeded in turning around the fundamentals of Ghana’s economy, which he inherited from the Mahama administration, ensuring that, currently, all the fundamentals are pointing in the right direction. According to President Akufo-Addo, “we inherited a situation with a large fiscal deficit, …

The concession agreement for the construction of the Accra Sky Train Project has been signed on the sidelines of the ongoing African Investment Forum in Johannesburg, South Africa. The signing of the agreement means feasibility studies, spanning a period of nine months to determine the bankability of the project will …

The Securities and Exchange Commission (SEC) has asked customers of the collapsed fund management firms to visit CBG branches from Tuesday to validate their documents in order to receive payments. According to the Deputy Director-General for SEC Paul Ababio, customers will receive text messages showing them the processes to receive …

Government has decided to distribute all 275 ambulances in January 2020, Minister for Special Development Initiative, Mavis Hawa Koomson has said. The reason, she explained, is to ensure a fair distribution of the ambulances across all 275 constituencies in the country. The first 48 ambulances, which arrived months ago are …

Listen to the Audio below A distraught customer of First Banc Financial Services at the Airport residential area in Accra has shared his frustrations after the closure of 53 struggling fund management companies by the Securities and Exchange Commission. The aggrieved customer of the now-defunct financial firm told Joy News’ …

Senior Minister Yaw Osafo Marfo is worried about the alarming rate of the country’s importation of goods. He said the country currently importing flowers thrice in a week from South Africa is an absurd situation which is unacceptable. Speaking at a gathering on behalf of President Akufo-Addo at the opening of …

The Ghana Medical Association (GMA) has raised the alarm over the health crisis in Ghana’s prisons and called for urgent and comprehensive healthcare for inmates in various prisons across the country. It has identified overcrowding, drug abuse, poor diet and hygiene, infections and substandard healthcare as the cause of the …

Senior Minister Mr Yaw Osafo Maafo has come to the defense of his two sons, Kofi Bosompem Osafo Maafo and Kwadwo Gyamfi Osafo Maafo for taking over positions in government agencies at a time their father said the system was choked. He argues that the two ‘qualified boys’ aced the …

The new Champions of the prestigious Copa Lagos Beach Soccer Club Tournament have been promised “special packages” by the Ghana Football Association (GFA) and Ministry of Youth & Sports. The assurances were given to Sunset Sports Club when officials and players of the team presented their laurels to the Ghana …

The Ghana Medical Association (GMA), mother body of doctors in Ghana, has indicated that it will soon withdraw its services in the various government hospitals over the failure of government to address issues relating to conditions of service of its members. The health professionals gave the indication in a communiqué …

Two students of St. Mary’s Boys Senior High School at Apowa in the Western Region have sustained serious cutlass wounds after they were attacked by an unknown assailant. The two whose identities have been withheld, are currently on admission at the Cape Coast Teaching Hospital. Reports indicate that they were …

Groupe Nduom Limited has reacted to the Securities and Exchange Commission’s revocation of licenses of 53 fund management companies, which includes Blackshield Capital Management (formerly Gold Coast Fund Management). According to Groupe Nduom, the entity representing the interests of the majority shareholders and founders of Blackshield, the SEC’s assertion that …

The Securities and Exchange Commission (SEC) has revoked the licenses of 53 Fund Management Companies. SEC, in a statement explained that the revocation follows the companies’ failure to “return client funds which remain locked up and in a number of cases, have even folded up their operations.” “Essentially, they have …

The Accra High Court has ordered Menzgold Ghana Limited, a gold dealership firm to refund GH¢2,664,000 owed to some 58 soldiers. The court, presided over by Justice Angelina Mensah-Homiah J. in a November 4, 2019 ruling, however, refused to enforce the contractual interest at the rate contained in the respective …

The Ghana Police Service has arrested four persons suspected to be part of a gang that robbed the private residence of the Vice President, Dr Bawumia in Walewale in the North East region of Ghana. The burglars in an incident which took place over the weekend attacked five other houses …

Deputy Attorney General, Joseph Kpemka has said that the office of the Attorney General will not rush in prosecuting the case involving the former president of the Ghana Football Association (GFA), Kwesi Nyantakyi. He said the office will diligently gather its facts and evidence in the case before proceeding to …

President Nana Akufo-Addo has tasked the Governor of the Bank of Ghana, Dr Ernest Addison, to deal with the issue of high interest rates in the country. Addressing the CEOs Executive Forum in Accra on Wednesday, 6 November 2019, the President said: “I have requested the Governor of the Bank …

The Medical Director of Komfo Anokye Teaching Hospital, Dr. Baffour Awuah, has been appointed Director-General of the Ghana Health Service. According to a letter dated November 5, 2019, and signed by Executive Secretary to the President, Nana Bedietuo Asante, Dr. Awuah will head the GHS in an acting capacity “…pending …

COCOBOD says every schoolchild in Ghana will now receive a cocoa drink a day following the passage of the $600-million loan agreement for the Cocoa Productivity Enhancement Project. According to Fiifi Boafo, the executive secretary at the office of the COCOBOD CEO, the move is to develop taste of Cocoa …

The Head of Local Government Service, Nana Ato Arthur has debunked claims that electing Metropolitan Municipal and District Chief Executives (MMDCEs) will divide the country. He said such a move will rather strengthen local governance and hasten development in the country. Nana Ato Arthur who was speaking in a Citi …

The Ghana Educational Service (GES)  has rejected claims that it has approved a new syllabus for Senior High Schools in the country. Images of a purported Social Studies text book have gone viral on social media following inscriptions on it which suggests that it was from a new SHS syllabus …