Tag Archives: billion

In a shocking development, the Ghana Cocoa Board (COCOBOD) finds itself in a dire financial situation as its agro products, essential for the upcoming cocoa season, are being auctioned due to a failure to pay a staggering GH¢3.9 billion in duty to the Ghana Revenue Authority (GRA). This development, could …

Parliament has approved the 2024 Budget Estimates of the Office of Government Machinery, the sum of two billion and seventy-four million, eight hundred and twenty-seven thousand, one hundred and sixty-four Ghana Cedis (GH¢2,074,827,164.00) for the 2024 financial year. The finance Committee chaired by Kwaku Kwarteng in the report presented to …

Lawyers for Dr Kwame Addo-Kufuor, former Minister for Defence have categorically denied a report that their client’s net worth is a staggering $1.2 billion making him the second richest person in Ghana. According to a statement signed by lawyer Samuel Atta Akyea of Zoe, Akyea & Co, the said report which was put …

The International Monetary Fund (IMF) has justified the Bank of Ghana’s GH¢60 billion impairment loss recorded in the 2022 fiscal year. The Bretton Wood institution in a post captured on its website about Ghana on August 10, 2023 said there is no cause for alarm. It upheld the position that the Bank of Ghana suffered …

The minority in Parliament has issued a directive to Dr. Ernest Addison, the governor of the Bank of Ghana, demanding the reinstatement of over 32 billion cedis in government debt that was previously written off under the DDEP. The directive comes amid revelations that the Bank of Ghana incurred losses exceeding 60 billion …

Turkish security forces have seized $1 billion in counterfeit money and arrested six individuals involved in the operation, according to a report by reuters.com. Among the detainees were one Ghanaian national and three Swedish citizens, as confirmed by the governor’s office of Turkey on Friday, June 9, 2023. The office …

Rick Ross Splashes $5 Billion On Custom 18 Passenger Airplane The Biggest Boss for a reason. It appears Rick Ross isn’t slowing down anytime soon as he continues to live his best life. Congratulations are in order for Rick Ross who just acquired a custom 18 passenger airplane. The Maybach …

Dr. Richard Winfred Anane, a leading member of the New Patriotic Party (NPP), has narrated how the actions of Vice President Dr Mahamudu Bawumia allegedly made the Nana Addo Dankwa Akufo-Addo government lose a $20 billion investment from China. According to Dr Anane, a former minister of health under President John Agyekum Kufuor’s government, the …

Ghana’s public debt stood at GH¢434.6 billion as of December 2022 according to the Bank of Ghana’s Summary of Economic and Financial Data for April 2023. This is a reduction of GH¢141.1 billion in the country’s public debt. This represents 71.6% of the country’s Gross Domestic Product. This is a reduction …

Osagyefo Oseadeeyo Agyemang Badu II has spoken about the government’s ongoing engagements with the International Monetary Fund [IMF]. He specifically addressed the amount of money that government was seeking from the international lender describing it as a pittance. In his view, there is a link between the financial support government was seeking …