BUSINESS

Asante Gold starts Bibiani mine processing plant

Asante Gold has begun operations of the processing plant and associated equipment at its Bibiani gold mine in Ghana. The pure gold exploration and development company plans to carry out a 14-day evaluation period during which it will control, calibrate operating systems and align critical equipment “under full load”. Bibiani, …

Read More »

World Bank Downgrades Ghana…Over GALOP Implementation

The World Bank has downgraded Ghana in the implementation of the Ghana Accountability for Learning Outcomes Project (GALOP). This follows a report released after a technical discussion mission of a World Bank team at their second visit to inspect the implementation of the various educational interventions. Significantly, GALOP is funded …

Read More »

Ablakwa questions Akufo-Addo’s anti-corruption credentials

Samuel Okudzeto Ablakwa, North Tongu Member of Parliament, has stated that there is a lack of commitment in fighting corruption on the part of President Nana Addo Dankwa Akufo-Addo. The lawmaker cited the instance of conflict of interest situations involving companies linked to Minister of Finance Ken Ofori-Atta and Minister …

Read More »

Pupils abandon school to harvest tomato

Pupils of Nsuta Dahomey D/A Basic School in Fanteakwa South District in Eastern region have abandoned school to harvest tomatoes and assist their parents in selling at the market. Absenteeism is high during tomato harvesting season in June and July every year. The situation is affecting academic performance of the …

Read More »

Cedi to stabilise as policy rate hikes take effect

EU sanctions on Russian banks are exacerbating Africa’s growing food crisis by making it difficult to pay for wheat exports, according to African Union chair and Senegal President Macky Sall. He told EU leaders that the worst is still ahead if global food supply issues persist. The food crisis has …

Read More »

Gov’t earmarks $1.2m World Bank cash for dilapidated structures

Minister for Education, Dr. Yaw Osei Adutwum, has assured Council of Heads of Basic Schools their concerns over poor infrastructure are being addressed. The council in a communique outlined a number of challenges confronting basic education including poor infrastructure. Addressing the media after the World Bank cleared him of any …

Read More »

Top 5 wealthy entrepreneurs in Ghana

With every passing year, new millionaires and billionaires emerge in Africa, and Ghana is no exception. With a touted business-friendly environment and poised investment destination in Ghana, there still remains a group of individuals who have earned their net worth through various means such as investment on the stock exchange, …

Read More »

Bawumia inaugurates $50m bulk power supply point at Kasoa

The Vice-President, Dr Mahamudu Bawumia, has inaugurated a $50 million bulk power supply point at Kasoa in the Central Region on Wednesday, 1 June 2022. The 435 MVA project, funded by the Millennium Development Authority (MiDA) under the Ghana Power Compact Agreement with the Government of the USA, is the …

Read More »

Gold Fields to acquire Yamana Gold for US$6bn

Multi-listed Gold Fields is set to acquire Canadian-based Yamana Gold in a deal worth more than $6 billion. Yamana is a leading precious metals producer with significant gold and silver production, development and exploration stage properties and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The all-share …

Read More »

Only two sachet water producers certified in Tamale – GSA

Only two out of the many sachet water producers in the Tamale Metropolis are registered and certified with the Ghana Standard Authority (GSA) – a situation authorities say pose health risks to consumers. According to the GSA, most producers use filters and other machines that are not approved, hence, the …

Read More »

Tolon SHS Classrooms converted into dormitories

Authorities of the Tolon Senior High School in the Northern region have been forced to convert some classrooms into dormitories to accommodate students due to the recent fire outbreak incident. The girls’ dormitory was gutted by fire on Thursday, May 19, 2022. The fire outbreak burnt the top floor of …

Read More »

‘We are doomed’ – Adongo on cabinet’s price control consideration

Deputy Ranking Member of Parliament’s Finance Committee, Isaac Adongo, has bemoaned a decision considered by Cabinet to implement a price control mechanism to help stem soaring inflation. This comes after a leading member of the governing New Patriotic Party, Gabby Asare Otchere-Darko disclosed that President Akufo-Addo and his cabinet opted not to introduce …

Read More »

Petrol, diesel prices to hit GHC10.949 pesewas – COPEC predicts

The Chamber of Petroleum Consumers (COPEC) is forecasting an upward adjustment in the price of petrol and Liquefied Petroleum Gas (LPG) in the first pricing window of June 2022. According to COPEC, The ex-pump estimations based on the Petroleum Price Indicators and elimination of taxes amounting to 15 pesewas per liter …

Read More »

Majority have made Ken Ofori-Atta a ‘tin god’ – Muntaka

Alhaji Mohammed-Mubarak Muntaka, Member of Parliament for Asawase and Minority Chief Whip, has accused the Majority in Parliament of making Ken Ofori-Atta, the Finance Minister a tin god. Speaking on JoyNews’ PM Express show, the one-time Sports Minister bemoaned that several attempts to get the Finance Minister to the floor of Parliament …

Read More »

Cedi has depreciated by 15.8% – BoG Governor

Bank of Ghana Governor Ernest Addison has said developments in global capital markets, combined with internal challenges that resulted in the rating downgrade of Ghana’s economy, have played out to exacerbate price and exchange rate pressures in the domestic economy. The Ghana cedi, he noted, came “under severe pressure in the first …

Read More »

GH¢50m released to NHIS – Annoh-Dompreh

The government has released an amount of GH¢50 million to the National Health Insurance Scheme, according to the Majority Chief Whip, Frank Annoh-Dompreh. The amount is part of the budgetary allocation of the scheme for the year. Earlier in the month, the Minority Caucus in Parliament bemoaned the effects of …

Read More »

What a typical Accra market scene looked like in 1961

Accra is indeed one of the beautiful places many visit in Ghana. After exploring tourist sites in the regional capital, most people visit some known markets and public places including the Arts Centre to buy goods. As the popular saying goes, ‘some things never change’ and this is reflective in …

Read More »

Twitter investor sues Elon Musk and platform over takeover bid

A Twitter investor is suing Elon Musk and the social media platform over the handling of the billionaire’s $44bn (£34.9bn) bid for the company.  The case alleges he violated California corporate laws in a number of ways. It accuses the Tesla boss of “wrongful conduct” as his “false statements and …

Read More »

Fufuo Methodist primary school pupils study in church building

Pupils at Fufuo Methodist Primary School in the Atwima Nwabiagya North District of the Ashanti Region , are now using a  church building in the community as their classroom for academic activities. The students from both primary five and six and numbering about 100 have been struggling  with their daily school works …

Read More »