The Consolidated Bank of Ghana (CBG), according to Finance Minister Ken Ofori-Atta, has “made considerable progress in term of paying depositors whose monies were locked up” with the seven individual local banks whose licences were revoked by the Bank of Ghana (BoG) and subsequently morphed into the bridge bank in …

The Electricity Company of Ghana(ECG) is to be listed on the Ghana Stock Exchange, Finance Minister, Ken Ofori-Atta has announced. Presenting the budget statement and financial policy of the government of Ghana for the year ending 31st December 2020, he said “Government will make every effort to avoid the pitfalls …

Senior Minister Yaw Osafo Maafo has explained that government did not deliberately leave out Volta Region out of the 2020 budget roads allocation. In an interview on MyNewsGh.com’s sister platform Citi, Mr. Osafo Maafo said he has cross-checked with the Minister of roads who is currently in Japan and the …

Deputy Minister for Foreign Affairs And Regional Integration Minister, Mohammad Habibu Tijani (MP), says Nigeria will soon open its closed borders. Africa’s most populous nation unexpectedly closed its land borders to all movements of goods, banning both imports and exports through land. Speaking in an exclusive interview with Empire News’ …

1. How many calories do you burn while having sex A lot of people, including Khloé Kardashian, believe that a hot and sweaty session in between the sheets can double as a good workout. So, if you have ever wondered whether romping is the best calories-burner, you are not alone. …

A second Ebola vaccine is to be offered to around 50,000 people in the Democratic Republic of Congo, as part of a major clinical trial. The Johnson & Johnson (J&J) vaccine will be used alongside a vaccine made by Merck, which has already been given to around 250,000 people. Merck’s …

The Finance Minister says the economy of Ghana has miraculously turned around and moving in the right direction. He says God’s blessing of hard work is beginning to manifest in the country. “We have stabilised the macroeconomic turbulence” Despite the limited resources at government’s disposal, it implemented flagship programmes, gave …

The Minister for Finance, Ken Ofori Atta has said that enrolment at the secondary level has increased by 43 per cent between 2016 and 2018. Delivering the 2020 Budget Statement in Parliament on Wednesday, the Minister for Finance, Ken Ofori Atta said at the end of the 2018/2019 academic year, …

Tax expert and Senior Associate at Ali-Nakyea and Associates, William Kofi Owusu Demitia, has urged the government to come up with new compliance rules for its tax regime to enable government raise the needed revenue to undertake developmental projects. To Mr Demetia, there is the need for a change in …

The government has recruited 55,000 nurses to enhance healthcare delivery, Finance Minister Ken Ofori-Atta has disclosed when he delivered the 2020 budget to Parliament on Wednesday, 13 November 2019. Apart from recruitments into the health sector, Mr Ofori-Atta said the government has also recruited tens of thousands of people into various …

Ghana Premier League Asante Kotoko have mutually terminated the contract of coach Kjetil Zachariassen, according to his agent, Charles Kouadio. The Norwegian gaffer has become a major topic of discussion in the past days when he went missing after the San Pedro game a week ago. The Porcupine Warriors cited …

Finance Minister, Ken Ofori-Atta is laying before parliament the Budget Statement and Economic Policy for 2020 in line with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921). The 2020 Budget will focus on tax reforms that will enhance private sector …

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 …