Government has placed a temporary freeze on payments to independent power producers as it bids to renegotiate power purchasing agreements signed with the previous administration. A statement by the Finance Ministry on 20th September 2019, announced this development further reiterating the establishment of a steering committee under the Energy Sector …

The newly-appointed board chair of the Ghana Revenue Authority (GRA), Prof Stephen Adei and also the newly-appointed board member of the GRA, Mr. Eugene Asante Ofosuhene, are both men of unquestioned integrity, hence fit for their new roles, Mr Ken Ofori-Atta, Minister of Finance, has said. During their swearing-in ceremony …

Newmont Goldcorp Ghana’s Ahafo Mill Expansion project on Friday, September 20, 2019, announced that it has successfully processed its first ore and is on track to achieve commercial production in the fourth quarter of 2019. “We are humbled by this milestone and continue to honour the memory of our six …

Dry weather and protracted conflicts have been identified by the Food and Agriculture Organization (FAO) as the main cause of food insecurity in some 41 countries across the world. The FAO in a report released on Thursday 19TH September, 2019 said some 41 countries continue to be in need of …

It has emerged that monies paid by Ghana Consolidated Diamonds Ghana Limited (GCDGL), a subsidiary of the Jospong Group of Companies to acquire defunct Great Consolidated Diamonds (GCD) at Akwatia in the Eastern region is missing. Director-General of the State Interests and Governance Authority (SIGA), Stephen Asamoah Boateng, revealed this …

A Kumasi-based businessman has recounted how one Nana Fredua Agyemang of the Confiscated Assets Committee operating at the Tema Harbour duped him of GH¢ 20,000 right inside the Jubilee House, MyNewsGh.com reports. He says the said Fredua, who claimed to be one of the aides of the Executive Secretary to …

The government has abrogated the contract awarded to Great Consolidated Diamonds Ghana Limited (GCDGL) in 2011 to mine diamonds at Akwatia for breach of contract. The company failed to fulfil its core mandate of paying $17 million to the Divestiture Implementation Committee (DIC), as well as rehabilitating and refurbishing facilities …

Ghana, the world’s second largest cocoa producer, is expected to produce 850,000 tonnes of cocoa in 2019/20 season, at the lower end of average levels on account of the swollen shoot disease outbreak, COCOBOD has said. Ghana’s annual cocoa production is usually between 850,000 and 900,000 tonnes, though the country …

Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) has been ranked as the top global gold mining company on the Dow Jones Sustainability World Index (DJSI World) for its leading environmental, social and governance (ESG) performance. This represents the 12th consecutive year the company has been named to the list. Newmont was the first …

The inflation rate for August 2019 was 7.8 per cent, the Ghana Statistical Service (GSS) has announced. Acting Government Statistician, Professor Samuel Kobina Annim, said at a press conference on Wednesday, 18 September 2019 that the food and non-alcoholic beverages group recorded a year-on-year inflation rate of (8.2) per cent; …

The Ghana Anti-Corruption Coalition and 20 other Civil Society Groups have petitioned en-bloc the Finance Minister Ken Ofori-Atta, to provide further and better particulars on the over GH¢2bn purportedly saved through the curtailing of sole sourced and restrictive tendering contract. The request is in accordance with the provisions of Article …

A Member of the Finance Committee of Parliament Hon. Isaac Adongo has served notice of an impending legal action against the Bank of Ghana (BoG) over the regulator’s failure to comply with its statutory reporting requirements to parliament. According to the Bolgatanga Central Member of Parliament (MP), section 53 of …

The Ghana Cocoa Board (COCOBOD) has signed an agreement with the China General Technology (Group) Holding (Genertec) for the establishment of a cocoa processing factory in Ghana. The factory, which will be located at Sefwi-Wiawso in the Western Region will be operated by COCOBOD and Genertec through a Public Private …

General Manager of waste management giant, Zoomlion Ghana Limited, Mrs. Florence Larbi, has stressed the need to examine plans to implement a waste management system, which would integrate waste collection and treatment methods, environmental benefits as well as social acceptability in a practicable and sustainable manner. According to Mrs Larbi, the proposed …

Mr Bruno Bajuase Chirani, Acting Finance Officer of the University of Education, Winneba (UEW), has filed a writ at the Winneba High Court in the Central Region, calling for an audit into the university’s account. According to Mr Chirani (plaintiff), the court should order a forensic audit of all payments …

The Ghana Education Service (GES) has alleged that, amongst other challenges the Computerized School Selection and Placement System is faced with, it was hacked. A Deputy Director General at the GES, Dr. K.B. Tandoh, said some saboteurs both within and outside the country, are responsible for the hack. Dr. K.B. …

A cardiologist has cautioned against excessive consumption of salted tilapia (koobi) citing it as one of the causes of heart-related diseases. Dr Abdul Sahmed Tanko further described foul-smelling fish known popularly as ‘momoni’ as dangerous for one’s health and thus, has to be taken in moderation. Speaking at the launch of World Heart …

Ghana Cocoa Board on Friday signed a 1.3 billion dollar loan agreement with international banks to fund the purchases for the 2019/20 cocoa season, due to start in early October. The loan agreement was signed in Paris, France, with 24 banks, including Societe Generale, Netbank, Naxitis, MUFG bank and Ghana …

Ivory Coast and Ghana have agreed initial deals to sell cocoa with a living income premium of $400 a tonne added to the price, in a bid to reform the way global cocoa is priced, industry sources and a government source told Reuters. In a move aimed at easing pervasive …

The Ghana Cocoa Board (COCOBOD) has secured US$1.3 billion from a consortium of 24 banks to finance cocoa purchases in the 2019/20 cocoa season. The syndication, led by Natixis Bank, MUFG Bank Limited, Rabobank Group, Nedbank, Societe Generale and the Ghana International Bank, will attract an interest rate of .055 …

The National Association of Graduate Teachers (NAGRAT) of Ghana has called off its week-old strike following President Akufo-Addo’s directive for the suspension of the Human Resource Management Information System (HRMIS) software – which has become a major point of concern for  teachers. National President of the NAGRAT Angel Carbonu told …

The Greater Accra chapter of the Ghana National Association of Teachers (GNAT) has called for the resignation of its national president, Philipa Larsen and General Secretary, David Ofori Acheampong. The vice president of the Greater Accra region of GNAT Sebastian Adamu who is also national vice president accused the two …

The Bank of Ghana has dismissed a staff Gilbert Addy for what it says is gross misconduct in relation to corrupt transactions and for accepting bribes in connection with the award of a contract to Sibton Switch Systems Limited in 2016. The Bank in a statement revealed that secret and …

Scores of workers of Vodafone Ghana have been asked to go home in a sudden redundancy operation by the telecom company, Starr News has learnt. Affected staff were informed of the move and given their redundancy packages on Thursday. It is believed close to 100 staff have been affected by …

President Nana Akufo-Addo has announced the arrival of the first batch ambulances for all 275 constituencies in the country. The first batch numbering about 48, arrived in the country yesterday, Thursday. The arrival of the ambulances is part of the fulfillment of a promise made by President Nana Akufo-Addo and …

The 9th edition of ‘BCI Walk for the Cure, 2019’ has been launched in Cape Coast, the Central regional capital, on Thursday, September 12, 2019, with the theme ‘Early detection is the best prevention. The annual global event is organized by Breast Care International (BCI), non-governmental organization, is to create …

Transaction advisors in a concession agreement with energy company, Power Distribution Services (PDS) have been accused of shifting blame after controversy gutted the agreement. In the controversy, Power Distribution Services (PDS) have been found to lack the financial capacity to provide $12.5m in guarantees when they took over ECG management …

Vice President of Policy Think tank, IMANI Africa, Kofi Bentil has said that the Power Distribution Services (PDS) is financially constrained therefore cannot implement the power concession agreement signed with government, ABC News can report. PDS took over the operations of the Electricity Company of Ghana (ECG) after its major …

President Akufo-Addo’s government has come under stern scrutiny in the past few weeks over its perceived failure to prosecute officials of the Mahama administration for alleged cases of corruption. The President, in the lead up to the 2016 election campaigned forcefully on corruption and pledged to prosecute government officials at …

A student had to have a testicle removed after docs took six days to spot it had twisted around and cut off the blood supply. The 20-year-old, named only as Ryan, woke up in agony in the early hours with intense pain in his right testicle and lower abdomen. He …