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 …

The management of the Kumasi Kejetia Market in the Ashanti region has said it is working with the Electricity Company of Ghana (ECG) to procure separate meters for traders in the market. The traders have declined to pay bills, as a protest to the failure of the management to give …

On the Interbank forex rates from the Bank of Ghana today, July 1, 2022, the Ghana Cedi is trading against the dollar at a buying price of 7.2269 and a selling price of 7.2341. As compared to yesterday’s trading of a buying price of 7.2209 and a selling price of 7.2281. …

The Ghana Revenue Authority (GRA) will on Friday, July 1, 2022, begin the full roll-out of the implementation of the Electronic Transaction Levy (E-Levy). The levy introduced in 2021 was met with a lot of opposition by the Minority Members of Parliament with backing from the majority of Ghanaians. After …

  A post shared on social media in which a user paid numerous taxes to the tune of GH¢7,400 on an imported MacBook Pro laptop left many users dumbfounded. This came to light after the tax invoice covering the laptop was shared on Twitter. COVID-19 Recovery Levy, Ghana Education Trust …

While in opposition, the New Patriotic Party in the lead up to the 2016 elections consistently lambasted the John Dramani Mahama administration particularly on issues bothering on the economic management of the country. From corruption allegations to inflation issues, the NPP accused NDC of gross incompetence at managing the economy and further saddling Ghanaians …

The New Patriotic Party (NPP) flagbearer hopeful Kennedy Agyapong has indicated that he will use Col. I.K Acheampong’s template to govern Ghana. According to him, Acheampong is the President of Ghana he trusted and believed in his philosophies. “For me the President I trust and believed in his philosophies was …

The Ghana Private Road Transport Union (GPRTU) has said they are looking at increasing transport fares by 15 per cent. The Public Relations Officer of the GPRTU Alhaji Abass Imoro who said this on the Key Points on TV3 Saturday, June 25 said they are waiting to reach an agreement …

The government is currently engaging with Toll and Route Management Limited to develop other employment modules for the re-engagement of toll workers, Mr Bright Wireku-Brobbey, the Deputy Minister of Employment and Labour Relations, has announced. He said as part of plans to restore the workers and cushion them, the government …

Twenty-seven teachers in some basic schools in the North East Region have been dismissed by the Ghana Education Service (GES) for allegedly joining the service with fake appointment letters. The victims are said to have secured postings to the various schools with fake appointment and posting letters bearing the signature …

Ghana Export Promotion Authority (GEPA) has announced that Ghana has become the world’s largest exporter of yam after raking in $48 million last year. According to Asaaseradio.com, Ghana now controls 24% of the $200 million global export market. This has led to the growth of the country’s export value from …

At least seven trader unions at the Kumasi Kejetia market have directed their members to shut down their shops after the Electricity Company of Ghana, ECG, took the trading hub off the national grid due to a GHC5 million debt. Wednesday’s crackdown by the power distributor has affected business at …

The Tema Oil Refinery (TOR) is expected to restart operations in the coming months to help boost the domestic supply of refined oil products in the wake of the ongoing global oil market crisis. The state-owned refinery when fully operational is expected to produce some 45,000 barrels of oil per day. A …

Ghana International Bank PLC (GIB) has been fined 5.8 million pounds by a United Kingdom regulator – Financial Conduct Authority (FCA) for failing to adhere to anti-money laundering and counter-terrorist financial controls. The breach in the anti-money laundering and counter-terrorist control, the FCA said, happened over its correspondent banking activities …

The Electricity Company of Ghana has cut a grid again to the Kumasi Kejetia Market in the Kumasi Metropolis of the Ashanti region over unpaid bills. The power was disconnected from the market by the power distribution company on Wednesday, June 22, 2022. Due to the power cut, the market …

Amid rising interest rates on the money market, Chief Executive Officer of Letshego Ghana, Arnold Parker, has revealed that interest rates on Qwikloans will increase in the coming weeks. Qwikloan, an innovative financial solution by Letshego Ghana and MTN Mobile Money (MoMo), provides short-term, unsecured, quick and convenient loans to …

Persons affected by the viral disease; Monkeypox in Ghana include a 9-month-old baby, the Ghana Health Service (GHS) has disclosed. The country has recorded 72 cases of Monkeypox so far, with 18 positive tests as of Tuesday, June 14 2022. Speaking at a media engagement on Wednesday, June 22, 2022, …

Pupils of Pechie Basic School in the Krachi West Municipality of the Oti Region are forced to sit on cement blocks and on the bare floor to study due to lack of proper infrastructure. The situation, according to community members, is negatively impacting the quality of their children’s education. A …

The Ghana Health Service (GHS) says there is no case of Ebola in Ghana, contrary to earlier media reports. The Director General of GHS, Dr. Patrick Kuma-Aboagye at a meet the press session on Wednesday, said the supposed Ebola case in Tamale was a simulation exercise. According to him, various …

Finance Minister, Ken Ofori-Atta has presented his statement on government’s use of COVID-19 funds to Parliament. This comes after the Minister was summoned before the House to answer 16 questions tabled to his Ministry from different lawmakers. Prior to his June 22nd appearance, the minister could not avail himself for the intended date …

The Ghana Health Service (GHS) says confirmed cases of Monkeypox has increased from five in the last update to 18 which represent 25.0 per cent. Dr Patrick Kuma-Aboagye, the Director General of the GHS, said the confirmed cases were among the 72 suspected cases of Monkeypox which was investigated as …

Following a claim by Michael Owusu Afriyie aka Teacher Kwadwo that he was dismissed by the Ghana Education Service (GES) primarily because he refused to delete a video he had recorded which could incriminate some local officials, the government agency has rebutted, insisting that the former employee was sacked for …

A British subsidiary of the mining firm Glencore has pleaded guilty in a UK court to corruption offences for the second time in the last two months.It was accused of paying millions of dollars in bribes to secure access to crude oil in several African countries. The Serious Fraud Office …

A planning lecturer at the Department of Planning at the Kwame Nkrumah University of Science and Technology (KNUST), Dr. Stephen Takyi, has called on the government of Ghana to apply the same level of dexterity used to complete the University of Ghana Medical Centre (UGMC) on the KNUST Teaching Hospital …

President of ANAQ Foundation, Mrs Ama Nyarko Attafuah Quainoo, has appealed to fathers not abandoned children with sickle cell disease. She said, instead, they must care for them emotionally and support the mothers financially to keep the children healthy and alive. Mrs. Ama Nyarko Attafuah Quainoo, who is a sickle …

 The Assistant Auditor General who doubles as  the board chairman of Brakwa Breman Rural Bank, Mr. Alexander Koomson has pleaded with rural and community banks to support small business and enterprises in their areas to expand. Speaking in an interview with the media during the bank’s 36th Annual General Meeting …

There is no need to panic about fuel shortage in the country, Mr Senyo Hosi, the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, has said. He said the country had one month fuel cover and urged the public not to engage in panic buying. “Yes, we …

179 customers have died as a result of their locked up cash with defunct gold dealership firm – Menzgold, Convener of Aggrieved Customers, Fred Forson, has said. Aside from the people who passed away, Forson said several others have various ailments and to some extent, are bedridden. Speaking in an …