Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has sarcastically made a case for a solution to Ghana’s economic woes. According to him, Finance Minister Ken Ofori-Atta must be encouraged to seek financial bailout from the Ashanti Regional Chairman of the New Patriotic Party, Bernard Antwi Boasiako, also known as Chairman Wontumi. The …

The Member of Parliament for Juaboso, Kwabena Mintah Akandoh has accused the government and the Ghana Cocoa Board (COCOBOD) of not being able to account for the $1.3billion cocoa syndicated loan. He said no tangible explanation has been given when asked about the whereabouts of the funds. In 2019, a consortium of …

The Minority in Parliament is demanding the immediate removal of three taxes on petroleum products to mitigate the impact of rising prices of crude oil on the international market. The demand by the minority comes as consumers are currently buying Petrol and Diesel above 8 cedis from the pumps. The …

The Bank of Ghana (BoG) has warned Ghanaians against trading in the yet to be launched   cryptocurrency named “Freedom Coin”. “The public is hereby cautioned that neither this cryptocurrency nor the promoting company has approval from Bank of Ghana to operate in the banking and payment sector. “In line with …

Subsidy on inputs under government’s flagship ‘Planting for Food and Jobs’ (PFJ) programme has been cut further for the upcoming 2022 crop season, a document available to the B&FT from the Agriculture Ministry has indicated. The decline in subsidies by government will expectedly impose an extra financial burden on smallholder …

The West African Examination Council (WAEC) has released provisional results of 52,974 candidates who sat for the 2021 West African Senior School Certificate Examination(WASSCE) for private candidates. The results of 696 candidates alleged to be involved in various examination malpractice have been withheld pending the conclusion of investigations. “These malpractices …

The Municipal Director of GES in Bawku, Azeriya Ayeriga, has indicated that his office has granted releases to over 100 basic school teachers. According to Ayeriga, the teachers sort to leave Bawku because of the current insecurity caused by the constant fight between factions in the municipality, graphic online.com reports. …

Since his performance for Accra Hearts of Oak in the goalless game between Kumasi Asante Kotoko and Hearts of Oak on February 20, 2022, calls have heightened for the recall of legendary midfielder Sulley Muntari into the Black Stars. What started off as mere calls by over-excited fans of Hearts of Oak has developed some …

The Bank of Ghana (BoG) is warning the public against a fraudulent money doubling scheme which operates under the name “BitCash Currency Exchange”. BoG said the company which claims to have approval from the central bank is false. According to central bank, the company has not been licensed as an …

The Ghana Union of Traders’ Associations (GUTA), has bemoaned the depreciation of Ghana Cedi against the US Dollar. A statement signed by the President for GUTA, Dr. Joseph Obeng stated that the rapid depreciation of the local currency, the cedi against the major trading currencies, especially, the United States Dollar …

Some residents of the Commonwealth Hall at the University of Ghana, on Tuesday, March 8, 2022, amassed in front of the Legon Police Station after the authorities arrested a member from the hall for his involvement in the clash between residents Mensah Sarbah Hall Commonwealth Hall on Saturday, March 5, …

Deputy Finance Minister, John Kumah, has affirmed Prof Kwesi Botchwey’s assessment that Ghana is in an economic crisis. In an interview on Neat FM, monitored by GhanaWeb, John Kumah said that the government acknowledges there are difficulties, but these difficulties are not beyond the strength of the country. The deputy minister …

Africa’s richest man, Aliko Dangote’s great grandfather, Alhassan Dantata, was a trader from Northern Nigeria who traded mainly in kola nuts and groundnuts. His distribution pool extended far into Europe and at the time of his death, he was the richest man in West Africa. But what exactly was the …

The World Bank has admonished the Government of Ghana to remain transparent with citizens on the country’s current economic situation. According to Country Director of the World Bank for Ghana, Pierre Laporte predicts Ghana will face a tough time in its bid towards restoring macro-economic sustainability. Speaking at a public …

Yields on Ghana’s Eurobonds have risen to their highest level in 10 years, as international investors continue to dump the country’s bonds amid fiscal and debt challenges – and now the Russian-Ukrainian war. Data from the CBonds indicate that the country’s sovereign US$ yield to maturity (YTM) index had risen …

Dozens of students at Bonkrom D/A Junior High School in Kwahu Afram Plains South District in the Eastern Region have been displaced after the collapse of a shed used as a classroom. The pavilion classroom was hit by a violent rainstorm on March 1, 2022, after school period leading to …

On the Interbank forex rates from the Bank of Ghana today, March 8, 2022, the Ghana Cedi is trading against the dollar at a buying price of 6.9984 and a selling price of 7.0054. As compared to Friday’s trading of a buying price of 6.9974 and a selling price of 7.0044. At …

It does appear that government’s Electronic Transaction Levy message may gradually be getting to some sections of the public including some students who seem to be buying into it. From persistent media engagements to townhall meetings, the government has deployed all forms of communication tactics to have Ghanaians embrace what …

Madam Ophelia Dei Adubea, a nutritionist at the Nutrition Department, Ridge Hospital, has said “waakye”, a popular Ghanaian dish, is not only nutritious but medicinal. She said the meal was ‘health-giving’ when cooked with the sorghum bicolor leaves and packaged or served in the “katemfe” leaves also known as the …

Mr Ken Ofori Atta, the Minister of Finance, has bemoaned the swirling deep-seated misinformation on the proposed electronic transaction Levy (E-levy) and said it affected recognition and passage. He said widespread distortion of facts caused many to reject the levy in reflex and that the situation threatened to deny the …

Philip Quaque Boys’ Basic School in the Cape Coast metropolis in the Central region has now turned into a death trap for students. About 300 students make use of the school building which is on the verge of collapse. The school, also referred to as the first elementary school in …

Ghana has signed visa waiver agreements with eight countries; Qatar, Jamaica, Suriname, Saint Kitts and Nevis, Saint Vincent and Grenadines, Guyana, Venezuela and Malta. This means that the aforementioned countries would be exempted from applying for visas when entering Ghana and vice versa. This was disclosed by the Presidency in …

President Nana Addo Dankwa Akufo-Addo has expressed the endorsement of his Ghana towards the bid of the Kingdom of Saudi Arabia to host Expo 2030. The President made this pronouncement during a meeting with Ahmad Bin Abdul Aziz Kattan, Advisor at the Royal Court of the Kingdom of Saudi Arabia, …

Fuel is one of the racing products in Ghana today as far as price hikes is concerned and drivers, private and commercial have become very worried. The prices of crude oil, Brent, gasoil and gasoline have witnessed a sharp increase due to Russia’s invasion of Ukraine in the past few …

Former Deputy Finance Minister, Cassiel Ato Forson, has bemoaned the government’s decision to use the E-Levy as collateral for loans. In a post on his Twitter handle, Ato Forson said that the move will worsen the country’s debt challenge which is the main cause of the current economic hardship being faced …

The grievances of the members of the University Teachers Association of Ghana (UTAG) have been resolved and all will be returning to the lecture halls to continue teaching, a National Executive Committee (NEC) member has said. Dr Asare Asante-Annor, who is the National Secretary of UTAG, told Alfred Ocansey on TV3‘s News 360 on Friday, …

An Economist with the University of Ghana Business School is suggesting that the abolishment of road tolls is having an effect on the resources of the country, therefore, whoever is responsible must be surcharged with the revenue loss to the state. Lord Mensah, who was speaking on Joy FM’s ‘Top …

Deputy Minister of Foreign Affairs and Regional Integration, Kwaku Ampratwum Sarpong has revealed that government has engaged five different airlines to evacuate Ghanaians from Ukraine back home. He said in the next four days beginning today Friday, March 4, there will be arrivals of Ghanaians from Ukraine every day until …

The Ghana Water Company Limited (GWCL) has taken steps to reduce water unaccounted for, otherwise known as non-revenue water – which currently stands at 40 percent of its production – with the introduction of new technology by the city of Aarhus, Denmark. Non-revenue water is when water produced into the …

The Automobile Dealers Union of Ghana has hinted at a possible increase in the cost of imported vehicles into the country from March this year. According to them, this is due to government’s downward review of the benchmark values discount on vehicle imports. In an interaction with Citi Business News, …