BUSINESS

Asamoah Gyan apologises for ‘nonsense must stop’ statement

Ghana’s all-time top scorer, Asamoah Gyan, has apologised for the use of ‘nonsense’ while expressing his disappointment over Majeed Ashimeeru’s omission from the Black Stars squad to face Nigeria. Gyan, in spite of the apology, stood by his earlier words that the Anderlecht midfielder should have been included in the team to face …

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11 pupils hospitalised after school building collapses in Paga

Eleven pupils of the Paga E/A primary school in the Kassena-Nankana West District in the Upper East region, have been hospitalised after the walls of two classrooms collapsed on them, GhanawEb’s Upper East Correspondent Senyalah Castro reports. A Monday (March 21) afternoon rainstorm, which swept through the town, ripped off …

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Fitch, Moody’s downgrades put ‘severe pressure’ on cedi – BoG

The Sovereign credit rating downgrades of Ghana by Fitch and Moody’s led to “widened yield spreads on both cedi-denominated government of Ghana bonds and the country’s Eurobonds”, the Bank of Ghana has said. “These downgrades reflect market and investor concerns about fiscal and debt sustainability”, Governor Ernest Addison told journalists …

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Sack ‘incompetent’ Ofori-Atta; he’s impoverishing us – Economist

Economist Yaw Modey has called on President Nana Addo Dankwa Akufo-Addo to sack Finance Minister Ken Ofori-Atta for recording the lowest Gross Domestic Product (GDP) in the past 35 years in the history of the country’s economic management. According to the economist, Mr Ofori-Atta has mismanaged the economy so much that he does …

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Monetary policy rate reviewed upwards to 17%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has increased the policy rate by 250 basis points from 14.5% to 17%. This comes after the Committee of the Bank of Ghana, held its 105th meeting from Wednesday, March 16, to Friday, March 18, 2022, to review economic developments of the …

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Police arrest 12 commercial sex workers in Ho

The Volta Regional Police Command have arrested some twelve female commercial sex workers in the regional capital Ho. The ladies, 20 to 35 of age, were arrested on Saturday, 19 March, 2022 at a popular drinking spot near the Ho Technical University (HTU). Ho in recent times is flagged with …

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Expect food prices to keep rising – IMF warns

The International Monetary Fund (IMF) has noted that global food prices were at record highs before the war in Ukraine. The IMF said the Russia-Ukraine conflict will further increase costs and inflation more broadly. Since the outbreak of the warfare between Russia and Ukraine, prices of commodities especially, crude oil …

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Bawumia opens Ghana’s first Islamic Nursing Training College

Vice President Dr Mahamudu Bawumia on Saturday, 19 March 2022 joined leadership of the Ahlus Sunnah wal Jamaa, from Ghana and Nigeria, at Aplaku, Accra, to open Ghana’s first Islamic Nursing Training College. Speaking at the ceremony, Dr Bawumia said despite the existence of over 90 public nursing training colleges …

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‘Bring Back GN Bank. The People’s Bank!’ – Nduom

Businessman and politician, Dr Papa Kwesi Nduom has said that his bank, GN Bank, that was collapsed during the banking sector cleanup exercise in 2019, should be brought back. In a Facebook post on Saturday March 19, he said “Indigenous, Home Grown Product.#Bring Back GN Bank…The People’s Bank!.” During the …

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Don’t ever abolish nurse trainee allowances – GRNMA President

The National President of the Ghana Registered Nurses and Midwives Association (GRNMA), Perpetual Ofori Ampofo, says the government should not heed to any calls demanding the cancellation of nurse trainee allowances. “I will not subscribe to any government abolishing the trainee allowance,” she insisted in an interview with TV3‘s Daniel …

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Kenya probing sale of donated condoms, drugs on black market

Kenya said Thursday it was investigating allegations that thousands of donated condoms, mosquito nets and life-saving medicines were stolen from a government-run warehouse and then sold on the black market. The items were donated by the Geneva-based aid body Global Fund which has disbursed over $1.4 billion to Kenya since …

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Violent rainstorm rips classrooms at Kwabeng Anglican SHS

Three classrooms of Anglican Senior High Technical School in Akyem Kwabeng in the Atiwa West District of the  Eastern region have been ripped off by a violent rainstorm recorded in the community Friday March 18,2022. The incident occurred at about 6:10pm. According to Agnes Minta, the Assistant Headmaster in Charge …

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Only 4 MRI machines active – Health Minister

The Minister of Health has confirmed that Ghana has only four active Magnetic Resonance Imaging (MRI) machines stationed in selected Government Hospitals. According to the Minister, Kwaku Agyeman-Manu four (4) out of the seven (7) Magnetic Resonance Imaging (MRI) Machines in major hospitals across the country are functional. The Minister in his …

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What Ken Ofori-Atta is expected to tell Parliament

Finance Minister Ken Ofori-Atta is expected to brief Parliament on various steps the government is taking to address challenges facing the economy. Currently, President Nana Addo Dankwa Akufo-Addo is chairing a crunch meeting with his ministers, MPs, as well as members of the governing NPP to find solutions to the challenges facing the country at the …

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Cabinet retreat: IMF bailout is not on agenda – Presidency

The Presidency has debunked media reportage that the government will be considering an IMF bailout as President Nana Addo Dankwa Akufo-Addo chairs a cabinet retreat that started on Thursday, March 17 and is expected to end on Sunday, March 20, 2022. Ghana is currently faced with economic difficulties that have necessitated a …

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Squatters on Tema General Hospital premises endanger staff, patients

Squatters have invaded the premises of the Tema General Hospital, posing danger to residing medical staff and patients at the facility. There have been several reports of robbery attacks on the hospital premises, which the Tema Metropolitan Assembly (TMA) believed were linked to the squatters; Mr Yohane Amarh Ashitey, the …

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Torrential rain rips off roof of Bekwai SHS

Torrential rains in Bekwai in the Ashanti Region have ripped off the roof of some schools in the area. The rains, which lasted for hours on Thursday, 17 March 2022, caused an interruption in power supply, leaving the town in darkness. The roof of some classrooms at the Bekwai Senior …

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