Government as part of measures to mitigate the economic hardships on Ghanaians has reduced margins in the petroleum price build-up by a total of 15 pesewas per litre. Finance Minister, Ken Ofori-Atta who made the announcement during a government press conference in Accra on Thursday, March 24, 2022, said the …

Minister of Finance, Ken Ofori-Atta is expected to on March 24, 2022 announce a number of measures aimed at addressing Ghana’s current economic challenges. The move comes after government held a crunch Cabinet meeting at the Peduase Lodge last weekend. Some key measures set to be announced by the finance minister will …

Government has announced it will inject a capital of US$2 billion into the economy to curtail the sustained depreciation of the cedi against major trading currencies. This was captured in a circular released by the Presidency on March 23, 2022. The Presidency said the move forms of measures adopted by …

The Komfo Anokye Teaching Hospital (KATH) in Kumasi, has invested an amount of GH¢30 million to provide ultra-modern equipment and retool its entire operations. This has helped to revamp the operations of the hospital, the second-largest referral facility in the country built resilience in its quest to provide quality, affordable …

Local airline operators, PassionAir has suspended flights to the Volta regional capital, Ho. According to the airline, although the new Ho route did not enjoy a lot of patronage, the decision to suspend flights to that part of the country is mainly due to the increase in fuel prices. The …

The pupils of Oseneso D/A Basic School in the Wassa East District of the Western Region, have embarked on a demonstration to protest the lack of chairs in their classrooms. The pupils are reported to have attacked the chief’s linguist and tore his shirt in the process. The pupils, who …

The ongoing Russia-Ukraine war will have a negative impact on Ghana’s construction industry, as the West African country imports about 60 percent of her steel and iron ore from the war-torn Eastern European nation, the Bank of Ghana has warned. At its 105th Monetary Policy Committee meeting this week, the Bank of Ghana said: …

The government is expected to cancel the mandatory PCR tests for vaccinated passengers at KIA, according to a document in possession of Starr News. The document details a number of restrictions government intends to ease including reopening of land borders and corresponding measures to curb the spread of COVID-19. This follows …

The driver and the conductor who were in the tipper truck that got involved in an accident between Beposo and Asemasa in the Shama District of the Western Region, claiming 14 lives on the spot, are currently receiving treatment at the Central Regional Hospital. Police say the two were able …

The body of a 38-year-old teacher has been found in a drainage at Aburaso within New Edubiase in the Adansi South District following a severe rainstorm that hit the town on Sunday evening. The deceased, Francis Abu, an Assistant Headteacher of Adansi Atobiase D/A Basic school, got missing during the …

Governor of the Bank of Ghana, Dr. Ernest Addison, has calmed nerves over the current rapid depreciation of the cedi, saying, the bank is implementing interventions that will stabilise the local currency against its major trading currencies in the shortest possible time. His comments come on the back of concerns over the …

Like other professions, Economists use many abbreviations. One of the most common is GDP, which represents Gross Domestic Product. According to the International Monetary Fund, the term has become widely used as a reference point for the health of national and global economies. The Gross Domestic Product (GDP) comprehensively measures …

The Vice President, Dr. Mahamudu Bawumia, will speak on the Ghanaian economy in April, his spokesperson, Dr. Gideon Boako has said. Following worsening effects on the Ghanaian economy, including price hikes on fuel and basic commodities and depreciation of the Cedi, there have been calls on the Vice President to …

The National Identification Authority (NIA) has explained the circumstances that led to the stampede at its head office during the registration for the GhanaCard on Tuesday March 22. Corporate Affairs officer at NIA, Henry Aboagye told TV3 that “I went there, the gate was opened around 7:30AM. There was a …

Madam Naa Adorkor Yawson, the General Manager of Zipline, says her outfit will soon begin home deliveries in the country. She said the delivery would form part of efforts to promote healthcare supplies by taking advantage of the country’s digitisation drive to grow a viable healthcare system that enhances access …

The Ghana Education Service (GES) has reminded heads of public basic institutions of the scheduled calendar for the 2022 academic year. According to the GES, heads of basic schools are to take note of the calendar and “implement accordingly.” In a statement issued by its Deputy Director-General, Mr Kwabena Bempah-Tandoh …

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 …

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 …

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 …

President Nana Addo Dankwa Akufo-Addo over the weekend held a crunch meeting with key members of his government to decide on the way forward in mitigating the current economic downturn. Even before the government announces the outcome, Information Minister Kojo Oppong-Nkrumah is reported by news portal citinewsroom.com as saying that all flagship programs by …

The President of Breast Care International (BCI) Dr Mrs. Beatrice Wiafe Addai has allayed the fears among women that contracting breast cancer does not amount to death. She said the disease is curable when it is detected at the early stage and therefore advised women to go for regular checkups …

The Sekondi-Takoradi branch of the Ghana Online Drivers Association (GODA) has urged service providers to reduce their commission charges per trip on online drivers. According to them if the service providers reduce their percentage on charges, it would not affect both the providers and driver, “You won’t make losses if …

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 …

Some future leaders of the country in a farming community of Nsesereso near Dormaa Ahenkro through no fault of theirs cannot study under a convenient and congenial environment. These leaders of tomorrow, some of who could be Presidents, Ministers, Members of Parliament, Medical Doctors, Teachers, Chiefs, Businessmen and women and …

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 …

A heavy downpour has ripped off the roofs of parts of the Kalba clinic in the Sawla-Tuna-Kalba District of the Savannah Region. The incident occurred on Saturday, March 19, 2022. The impact of the rain which battered the community, also rendered several residents homeless and injured three children in the …

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 …

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 …

Authorities of the St. Joseph Health Centre in Kalba, in the Savannah Region, are appealing for support to reopen the facility after it was closed down following a rainstorm that hit the community on Saturday, March 19. The health centre in Kalba in the Sawla-Tuna-Kalba District was closed down after …

  Table of Contents How people are financing themselves in this era of COVID-19 What are some solutions many people have relied on for cash? Bonus How people are financing themselves in this era of COVID-19 Cash is essential in our daily lives. We live in a world where money …