Pierre Frank Laporte, World Bank Country Director for Ghana, has stated that his outfit has approved a total of $903 million for Ghana to support public finance reforms. According to him, this is a huge sum of money any development institution has approved for a country for a period of …

The Education Ministry has downplayed concerns being raised about shortage of food items in secondary schools in parts of the country. Speaking on Eyewitness News, the Ministry’s PRO, Kwasi Kwarteng, said his ministry has “not had any such official complaint.” Despite reports indicating that certain schools currently lack key ingredients like …

    To mobilise support of Private sector investors towards building a more resilient economy, the Ghana Investment Promotion Centre hosted President Nana Akufo-Addo, Trade Minister Alan Kyerematen, and CEOs of some of Ghana’s leading indigenous companies in a closed-door session breakfast meeting on Monday, 4th July 2022. The session …

The French ambassador to Ghana, Anne-Sophie Ave, has said although “Ghana has all the ingredients to succeed”, the country’s high level of debt, has necessitated the need to resort to the International Monetary Fund, which she said is the “only international bank that has the means and whose job it …

Some parents have raised concerns over food shortages in some senior high schools across the country. In an SOS audio currently in circulation, some parents raised concerns over the quality of food served to their wards in the affected schools. The Parents Teacher Association Chairman of Mfantstpim, Minister Kwarteng, lamented …

The management of Ideal College says 23 of its students have been left injured after they were manhandled by land guards and police, supposedly coming from the counter-terrorism unit of the Ghana Police Service. According to the Public Relations Officer of the school, Naphtali Kyei Baffour, three of the students …

A Court of Appeal in Accra has reversed the decision of the Bank of Ghana to revoke the operating license of UniCredit Ghana Limited as a saving and loans company in Ghana. According to GHOne TV, the court on July 7, 2022, declared the decision of the Bank of Ghana to revoke the license …

Two cases of Marburg Virus Disease, MVD, have been recorded in the Ashanti Region, the Ghana Health Service, GHS, has announced. According to a July 7, 2022 statement, samples were taken from the two infected persons after they met case definition for an Acute Haemorrhagic Fever. “Blood samples were sent …

British Airways is to cut 10,300 more short-haul flights due to feature in its schedule between August and the end of October. This latest announcement means nearly 30,000 flights will have been removed from BA’s schedule between April and October this year. The cancellations affect London Heathrow, Gatwick and City …

Pupils of Borae No. 2 in the Krachi Nchumuru district in the Oti region have been displaced after a heavy downpour. The rainstorm, which hit the community and its environs, ripped off the roofs of Borae Foundation Primary and Junior High School and Borae D/A Primary “A” School. A visit …

The strike action declared by four teacher unions has hit basic and second-cycle institutions in the Hohoe Municipality as classrooms remain closed. The Ghana National Association of Teachers (GNAT), National Association of Graduate Teachers (NAGRAT), the Teachers Educational Workers’ Union (TEWU) and the Coalition of Concerned Teachers, Ghana, (CCT-GH), announced …

Communication Director of the National Petroleum Authority (NPA), Abdul Kudus Mohammed, has explained that the pricing of fuel prices cannot be controlled when its implication on the global market remains on the rise. According to earlier reports from Bulk Oil Distribution Companies, the price of petrol is anticipated to decrease …

President Nana Addo Dankwa Akufo-Addo on Wednesday, 6th July 2022, commissioned the first batch of forty-five (45) buses out of one hundred (100) VDL Intercity buses procured for use by the Metro Mass Transit Ltd. President Akufo-Addo stated that the event is significant particularly because it has provided the country …

Banks have been directed to allow non-resident Ghanaians who have not yet registered for their Ghana Cards to use their passports for bank transactions till they obtain the cards. The Bank of Ghana served notice that effective July 1, 2022, the only acceptable ID for bank transactions will be the Ghana Card …

On the Interbank forex rates from the Bank of Ghana today, July 6, 2022, the Ghana Cedi is trading against the dollar at a buying price of 7.2409 and a selling price of 7.2481. As compared to yesterday’s trading of a buying price of 7.2309 and a selling price of 7.2381. At …

Members of the Union of Professional Nurses and Midwives, Ghana (UPNMG) have said they also deserve a 20 percent Cost of Living Allowance (COLA) in the wake of the harsh economic conditions just as teacher unions are demanding. The teacher unions have embarked on strike action following the government’s failure …

Some pupils in the Northern Regional capital, Tamale have appealed to government and striking teachers in the country to resolve their differences quickly to prevent a catastrophe in the upcoming Basic Education Certificate Examination, BECE. Already, performance in the BECE in the Region has been a major source of worry …

The Electronic Transfer Levy will not be discontinued despite an application to the International Monetary for a financial bailout, the Finance Ministry has said. The Ministry said the IMF bailout is a means to help the country shore up its foreign reserves thus tax measures including the electronic transfer levy …

Learning was paralysed in public schools Tuesday after teachers proceeded with their planned strike across the country to demands for the payment of Cost of Living Allowance (COLA). When the OTEC FM News crew visited public schools in Kumasi metropolis in the Ashanti Region, pupils turned their classrooms into playing grounds as while others were …

A visit to selected basic and second cycle schools in the Ashanti region by GBCNews showed a mixed reaction of the interested parties to the strike action declared by labour unions at the pre-tertiary educational level. While a greater majority of teachers were complying with the industrial action with only …

Nadia Abdul Aziz, a reclusive Ghanaian executive, is arguably one of the richest business leaders in Ghana and West Africa due to her multimillion-dollar stake in Asante Gold, a Canadian Securities Exchange-listed gold exploration, development, and operating company. Aziz, a leading financial professional who took over as a director of …

Tuesday’s rains came and went, leaving behind a trail of damage in most parts of Accra. The University of Ghana was not an exception as the Mensah Sarbah Hall is reported to have flooded. The flood was as a result of the overflowing of the gutters due to the heavy …

The Ghana Education Service (GES) has directed Heads of Senior High Schools to mobilise their management teams to ensure the safety and wellbeing of all students in schools. GES further directed heads of basic schools not to shut down their facilities, despite the ongoing strike by teachers. This comes after …

The prevalence of phony and illegal agrochemicals on the Ghanaian market is a source of worry to stakeholders in the agricultural sector, with the CropLife Ghana warning that between 25 to 35 percent of imports into the country are fake or banned. According to the Organisation for Economic Co-operation and …

The Ghana National Association of Teachers, National Association of Graduate Teachers, Coalition of Concerned Teachers Ghana and the Teachers and Educational Workers Union have effective today, Monday, June 4, 2021, commenced a nationwide strike action. The strike according to the leadership of the Teacher Unions, is a result of the …

The National Petroleum Authority (NPA) has announced that it is restoring the full Unified Petroleum Price Fund (UPPF) margin on petroleum products. It made the announcement to players in the industry on Thursday June 30, 2022, indicating that the decision takes effect from Friday, July 1, 2022. “We hereby wish …

After 14 years of shutdown, Coastal Groves Limited, a wholly owned Ghanaian organic orange juice processing factory in the Central Region of Ghana, was on Tuesday, re-inaugurated by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The ceremony took on behalf of the German Federal Ministry for Economic Cooperation and …

The governor of the central bank, Dr.Ernest Addison, has said that legal frameworks have been firmed up to commit Ghana into trading in local currencies among countries in the African continent. He said the central bank has embarked on reforms which will enhance financial transaction with Ghana and it’s neihghbouring …

Food prices have risen globally in recent years. It began with the coronavirus pandemic that made farmers and food producing companies unable to cultivate and produce food in sufficient quantities. Many food factories ran out of raw materials for their operations. Farmers have since returned to the fields and factories …

In May, 2022, Finance Minister, Ken Ofori-Atta, reiterated government’s stance on going to the International Monetary Fund (IMF) for financial assistance. According to him, government was committed to not returning to the IMF because interventions and policies had been put in place to ensure sufficient macroeconomic gains for the local economy …