Ghana’s total Public debt has hit GhC 200 billion as at May, the Central Bank announced in its latest Summary of Economic Data. This means government borrowed about GhC 2 billion alone last month. The minority in parliament had earlier warned the debt stock has reached 200 billion cedis last …

Ghana and Cote D’Ivoire have lifted the suspension of cocoa sales for the 2020/2021 season, effective July 16. The decision was contained in a joint communiqué issued and signed by Mr. Joseph Boahen Aidoo, the Chief Executive of the Ghana Cocoa Board, and the Chief of Cote d’Ivoire’s Coffee and …

Traders at the Kumasi Central Market want city authorities to reduce the amount to be charged before they are relocated to the newly constructed Kejetia terminal to allow for construction works to begin for the phase two of the Kejetia Central Market redevelopment project. They are also calling for a …

Kwasi Manni is a rising independent versatile multi genre reggae artist also known as Jahemblem A creative songwriter who is capable of incorporating reggae vibe in any genre of music he does. His unique soothing and romantic vocals makes him sound more like the “cool Ruler” Mr Gregory Isaacs, the …

Leadership of the Ghana Union Traders Association (GUTA) is to blame for the influx of foreigners in Ghana’s retail sector, a situation that contravenes the Ghana Investment Promotion Centre (GIPC) Act, Mr Murtala Mohammed, a former Deputy Minister of Trade and Industry, has said. Mr Murtala explained that when he …

Former President Jerry John Rawlings has congratulated students of the Methodist Girls High School at Mamfe, Akwapim for winning the 2019 edition of the World Robofest competition held in Michigan, United States. Team ACRO-BOT from the Mamfe High School came first beating opposition from the United States, Mexico, China, Hong …

Nigeria will soon begin the implementation of a guideline to have all states registered for the basic healthcare provision fund, according to the minister of health Isaac Adewole. Adewole told the Nigerian Senate on Tuesday that the implementation would be sooner than expected when he appeared to speak on the …

Some players in the energy sector say the withdrawal of ExxonMobil and British Petroleum from the bidding process for oil blocks is disappointing. The two international oil companies had earlier submitted applications for direct negotiations for block 5 and 6 in the ongoing licensing bid round but pulled out at …

The International Monetary Fund has said that Ghana had the equivalent of $400m in it reserves at the time it requested for the Fund’s support back in 2014. That meant the country had around seven days’ worth of imports in net foreign exchange reserves, according to Resident Representative to Ghana, …

Customers of Gold Coast Fund Management in the Ashanti Region have called on President Nana Addo Dankwa Akufo-Addo and the government to intervene and help them retrieve their locked-up investment from the owner of the company, Dr Papa Kwesi Nduom.The aggrieved customers say all attempts to get their locked-up investments …

The Africa Center for Energy Policy (ACEP) has urged government to, as a matter of urgency, review all existing Petroleum Contracts and their deliverables to ensure that companies who are not complying with their contracts are sanctioned appropriately. According to ACEP, out of the 15 active Petroleum Agreements, beyond the …

The Minority Leader Haruna Iddrisu has described the Trade and Industry Ministry’s planned sale of the Komenda Sugar Factory as a rip-off. The Tamale South legislator said the decision to sell the Indian government-financed entity defies logic and has the potential to damage the existing relationship between the two governments. …

Despite the daunting challenges in the financial sector in 2018, Bonzali Rural Bank Limited (BRB) managed to carry out its strategies extremely well to uphold its financial performance and stay afloat. As at 31st December 2018, the bank recorded a total deposit of GH26,138,762.00 as against a figure of GH26,001,724.00 …

Parliament has approved a loan of €127million to overhaul NVTI programmes, Deputy Minister of Education in-charge of Technical & Vocational Education & Training, Gifty Twum-Ampofo, has disclosed. Speaking to DAILY GUIDE after touring some technical and vocational institutions in Koforidua, she said part of the loan would be used to …

  Teachers at East Akyem in the Eastern region are have declared indefinite strike following the gruesome murder of the 55-year-old headmaster of Asiakwa Salvation Army Junior High School. The deceased, George Somuah Bosompem died at the St Joseph’s hospital in Koforidua where he was receiving treatment after he had …

The Volta Region-based Homeland Study Group Foundation (HSGF), which is agitating for the restoration of the Western Togoland as an independent state, says it is not perturbed by the arrest of its chairman and seven other leaders by police. The Foundation warned that whatever they had planned to carry out …

The total assets accruing to the Energy Sector Levy Act (ESLA PLC) increased by 2.5% for the first quarter of 2019 compared to the same period in 2018. According to the unaudited financial statement of ESLA PLC, the figure increased from 5.76 to 5.9 billion cedis for the period spanning …

The International Monetary Fund (IMF) has warned that Ghana could face revenue shortfall if the country starts the implementation of the African Continental Free Trade Agreement(CFTA) this year. The IMF maintains that although the agreement will boost trade on the continent, it will affect earnings and employment opportunities in some …

The Municipal Chief Executive (MCE) for the Suame Municipal Assembly in the Ashanti region, Hon. Dr. John Osei Bobie, has explained that the statue erected at the Kumasi Kejetia Market represents the true image of Asantehene, Otumfuo Osei Tutu II, depending on the angle one views from, as criticized by …

The Bank of Ghana (BoG) will today begin the circulation of its enhanced GHc10, GHc20 and GHc50 notes. According to the Bank of Ghana, both the old and the new notes will be used concurrently until the old ones are phased out. New features on the new notes include a …

Beneficiaries of government’s Nation Builders Corps program have decided on Friday October 10 to ‘go red’ on government over the seeming nonchalance about their prolonged grievances over unpaid salaries. This was contained in a communiqué issued by the coalition on Monday May 6, 2019. The decision comes after several failed …

As President Akufo-Addo sacks over 60-year Olds from government, the Deputy Managing Director (MD) of GCB-Bank in-charge of operations, Samuel Amankwah, has been caught in an age-cheating scandal, affording him extra years to remain at post, at a time he is supposed to have retired. Documents available to The Herald, …

Member of Parliament (MP) for Bolgatanga Central Constituency, Hon Isaac Adongo has described as a complete waste of taxpayers’ money by government to construct Dams under one of its much touted initiatives called One-Village One-Dam. Government has embarked on the construction of dams in communities in the northern part of …

President Nana Addo Dankwa Akufo-Addo will later Wednesday, April 24, witness the first medical supply via drone at the New Tafo Government Hospital in the Eastern Region. This will follow the first official launch of a drug-carrying drone from a launch site at Omenako, near Suhum, in the Eastern Region. …

The 2019 West African Senior School Certificate Examination (WASSCE) fully commenced yesterday, as more than 340,000 candidates sat for their first core subject, oral English. The candidates comprising 170,867 males and 175,231 females began with their practical and theory papers on April 15. As part of efforts to curb examination …

The Ghana Revenue Authority (GRA) has called on businessmen and women to regularly file their tax returns. Speaking at a roundtable discussion with the Ghana Electrical Dealers Association in Accra, the Commissioner-General of the Ghana Revenue Authority Mr. Emmanuel Kofi Nti said: “It is time we improved on our tax …

The Vice President, Alhaji Dr Mahamudu Bawumia says there should be no room for hypocrisy on the implementation and beneficiaries of the Free Senior High School Education policy. In jab aimed at former President John Dramani Mahama, the Vice President said the government had no plans to stop the policy. …

The Bank of Ghana has expressed its frustration over the slow pace of work by the two receivers appointed in the aftermath of seven banks collapsing over the last two years. Speaking in an interview on the sidelines of IMF/World Bank Spring Meetings in Washington, DC, Dr. Ernest Addison said …

Former President John Mahama has said he will scrap the luxury car tax imposed by the Akufo-Addo government, should he win the 2020 general elections. The “ill-conceived” tax, he said, has brought untold hardship to commercial drivers and their business, thus, his aim to let it go. During his pre-Easter …

Eight out of the 10 persons arrested after a failed takeover of the Kintampo waterfalls have been remanded into prison custody by a District Magistrate Court in Sunyani. They are to reappear before the court presided over His Worship Fred Obikyere on 25th April 2019. The eight persons were arrested …