Ghana’s public debt stood at GH¢434.6 billion as of December 2022 according to the Bank of Ghana’s Summary of Economic and Financial Data for April 2023. This is a reduction of GH¢141.1 billion in the country’s public debt. This represents 71.6% of the country’s Gross Domestic Product. This is a reduction …
Read More »BUSINESS
Free SHS policy is poorly targeted, only increased enrolment – IMF
International Monetary Fund (IMF) has criticised Ghana’s free Senior High School policy saying, although it has increased enrolment, it is poorly targeted. “Ghana spends close to 4 percent of GDP on education with good results in terms of enrolment but poor learning outcomes. The flagship programme Free Senior High School …
Read More »Two babies die in hospital due to power outage in Damongo
Two babies have died as a result of a power outage at the St Anne’s Hospital which operates under the Catholic Health Directorate in Damango in the Savanna Region. The hospital had its power cut due to a debt amounting to GH¢4 million power debt owed to the Northern Electricity …
Read More »GPRTU asks drivers to halt 10% transport fare reduction
The Ghana Private Road Transport Union (GPRTU) has asked drivers across the country to halt the proposed 10 percent reduction of transport fares for now. The union has told its members to continue charging existing fares. On May 15, 2023, there was a directive for transport fares to be reduced …
Read More »Two foods you eat often that are capable of destroying your kidney and liver
As human beings, our daily diet plays a significant role in our overall well-being. Every part of our body is important, which is why self-care is essential for maintaining good health. One aspect of self-care involves consuming the right meals and adopting healthy habits that support our well-being. Our body …
Read More »There is no rush to go to the international capital market – Ofori-Atta
Finance Minister, Ken Ofori Atta, has stated that Ghana is not in a rush to go to the international capital market. Ghana has been shut out of the international capital market after its debt levels reached unsustainable levels. It had to embark on a debt restructuring programme for both domestic …
Read More »Economic uncertainty to reduce with IMF deal
The country is on the brink of entering a period characterised by market stability and diminished uncertainties, following the International Monetary Fund’s (IMF) approval of the US$3 billlion deal. The expected disbursement of around US$600million through the IMF programme, along with other anticipated concessional inflows, is anticipated to significantly bolster the …
Read More »IMF approves $3billion bailout for Ghana
Bloomberg has reported that the International Monetary Fund has approved Ghana’s request for a $3 billion bailout to support Ghana’s economic recovery, according to its sources The IMF’s Executive Board met to discuss approval for the funding on Wednesday. The report however added that the announcement will be done later in the …
Read More »Adopt a graduated approach to debt recovery – Govt to PURC
The government has urged the PURC to defer at least 35% of the next electricity tariff adjustment owing to the current economic challenges faced by Ghanaians. Ahead of the PURC’s expected quarterly adjustment of electricity tariffs, Government Officials are reported to be impressing on the regulator to be measured in …
Read More »Cement dealers asked to reduce prices as transport fares reduce
Following the announcement of a reduction in transport fares, a presidential staffer, Dennis Miracles Aboagye, has called on producers and retailers of cement to also reduce their prices. According to him, cement prices increased when the dollar was selling at about GH¢16, therefore, it should also reduce now that the …
Read More »I will restore licenses of banks wrongly collapsed – John Mahama
Flagbearer of the National Democratic Congress, John Dramani Mahama, has stated that in the event of his election as president, he will restore the licenses of banks that he believes were wrongly shut down. He made the promise while delivering his formal acceptance speech on May 15, 2023. John Mahama …
Read More »UBA Is Awarded “Best CSR Bank Ghana 2023
Chris Ofikulu United Bank for Africa, Ghana has been named as the ‘Best CSR Bank Ghana 2023’ by the Global Business Magazine Awards. The list of winners was released and published on their website. The award is designed annually to honor and reward excellence in companies across different sectors and …
Read More »Common Causes Of Sleepless Night And How To Avoid It
Insomnia, a medical term for sleepless nights, refers to the condition where individuals experience difficulty falling asleep and staying asleep. This condition can be highly disruptive, impacting one’s overall health, work performance, and mood. The causes of insomnia often stem from our daily activities, many of which we may be …
Read More »Body part you will feel pain if you have kidney failure
Pain in a specific area of the body is often the first warning sign that your kidneys need medical attention, even if the disease itself manifests internally. You may want to read this article all the way through if you’ve been experiencing unusual pains in your body. In this piece, …
Read More »Ghana is now ready to go to the IMF Board – Ofori-Atta declares
Finance minister Ken Ofori-Atta has declared Ghana’s readiness to go to the International Monetary Fund (IMF) Board as it pushes for a US$3 billion Extended Credit Facility. The Paris Club and other major partners, this week, announced that it was giving financing assurances to allow Ghana receive the facility. Reacting to the development via …
Read More »Ghana Standards Authority shuts down Chinese metal company
A Chinese-owned company, Fenis Metal Technology Company, has been shut down by the Ghana Standards Authority (GSA) for operating without proper certification. The exercise which was led by the Head of Enforcement at GSA, George Anti, was aimed at removing substandard products from the Ghanaian market. The local electric cable …
Read More »Ghanaian passengers petition for a reduction in British Airways fares
Passengers of British Airways (BA) are mounting pressure on the airline to reduce its fares by signing an online petition. The petition, published on charge.com, already has 1,035 signatories as of 13:17 local time on Monday 8 May 2023. The petition was started by one Esther Lulu who said Ghanaians …
Read More »Government acting like an armed robber – Pensioner bondholder on locked-up funds
A picketing pensioner bondholder has stated that government is perpetrating robbery on bondholders whose funds remain unpaid despite previous assurances. According to him, the situation where pensioners are having to picket for their monies is akin to the government taking arms and attacking them. “In fact, it is more or …
Read More »Diseases That May Destroy A Woman’s Private Organ If They Are Not Treated
Women’s reproductive health is a crucial aspect of overall well-being. However, certain diseases can pose a significant threat to a woman’s private organ if left untreated. It is essential to understand these diseases, their symptoms, and the potential consequences they can have on a woman’s reproductive system. In this article, …
Read More »Simple Ways to Check If Your Heart Is Healthy
Your heart is one of the most vital organs in your body, and it’s essential to keep it healthy. Heart disease is a leading cause of death worldwide, and early detection is critical to prevent serious complications. According to Webmd, here are some simple ways to check if your heart …
Read More »University of Ghana approves 2% discount on fees for some students
The Council of the University of Ghana has approved a one-time discount of 2% on the 15% fee increment for some of its students for the 2022/2023 academic year. This comes on the back of an approval by Parliament for the academic year. The discounts apply to full fee-paying programmes, …
Read More »T-bills oversubscribed by GH¢733 million despite increasing interest rates
This week the government secured GH¢2.57 billion from the sale of treasury bills in the auction on May 5, 2023. The auction saw an oversubscription of GH¢733.79 million even though interest rates have been rising. The target for this week’s auction was GH¢1.83 billion. Also, interest rates have increased to …
Read More »EPA to close down churches, drinking spots operating without licence
The Volta Regional Director of Environmental Protection Agency (EPA), Hope Smith Lomotey, has noted that his outfit will soon close down churches and drinking spots operating without licences. He also called on churches whose licences have expired to renew their permits to enable them to continue with their operations. In …
Read More »Leave me out of this nonsense – ‘Angry’ Yaya Toure responds to former agent over Man City ‘curse’
cle WhatsApp Facebook Twitter Email This Former Manchester City player, Yaya Toure Former Manchester City player, Yaya Toure has vented his anger at his former agent Dimitri Seluk over the player’s supposed curse on Manchester City manager, Pep Guardiola being lifted. The Ivorian in a tweet vehemently denied any association …
Read More »Stroke becoming prevalent among the youth
Programme Manager of the Non-Communicable Diseases of the Ghana Health Service, Dr. Efua Commeh, has indicated a rather worrying trend of rising stroke cases among young people of 40 years and below in Ghana. According to her, these have become so owing to many cases of hypertension in such young …
Read More »Here is how to check status of 2024 US Visa Lottery application
The US Embassy in Ghana announced on May 6, 2023 via its social media handles that its “Diversity Visa 2024 selections are now available!” It meant that applicants accepted to apply for visas under what is widely known as the US Visa Lottery were ready. The embassy explained, however, that …
Read More »Ghana’s domestic cocoa production surpasses Ivory Coast – ICCO
Ghana has surpassed Ivory Coast in cocoa production over the half year 2022/23 crop season, according to the latest Cocoa Market Report by the International Cocoa Organization (ICCO). As of 31 March 2023, cumulative arrivals of cocoa beans in Ivory Coast were lagging behind previous season levels, while the volume …
Read More »Ashanti Region now epicenters of rabies- GHS
The Ghana Health Service (GHS) has identified, the Ashanti Region as one of the epicenters of the rabies disease in Ghana. According to GHS the data available to them show that Ashanti Region recorded the most rabies cases followed by the Greater Accra Region. This was disclosed during sensitisation program …
Read More »Here are some countries that have ‘stopped’ using the US dollar for trade
The US greenback has been considered one of the most powerful currencies in the world. But in recent times, some countries have made the decision to de-dollarize. De-dollarisation refers to countries reducing their dependence on the U.S. dollar as a reserve currency, medium of exchange, or as a unit of …
Read More »Global Chamber of Business Leaders Acknowledges World Press Freedom Day And Highlights Alignment With Sustainable Development Goals
Censorship of a specifically chronic nature can never augur well for any entity or organisation at any level. That significantly includes media houses, whether they are print-oriented or within the electronic media categories. Things have certainly changed from the Baby Boomer era, and as the world recognises …
Read More »