President Muhammadu Buhari has directed the country’s central bank to release the old 200 naira banknotes back into circulation and run concurrently with the new ones until April 10, 2023. However, he said that the old 500 and 1,000 naira banknotes are no longer valid and must be taken to …
Read More »Ramaphosa announces state of disaster to deal with energy crisis
resident Cyril Ramaphosa has declared a national state of disaster to help the government deal with the energy crisis that has seen a malfunctioning Eskom frequently plunge the country into darkness. Ramaphosa also announced he will appoint a minister of electricity in the presidency. “The minister of Cogta has just …
Read More »Resolving the current economic crisis: The need for political settlement
The national economic situation is grimmer than most Ghanaians know it to be. Yes, most of us know that prices of everything have quadrupled over the last one year and the cost of living has hit the roof. We know that the cedis, the national currency has witnessed its fastest …
Read More »Crisis in Oruku as militants burn down 10 houses including traditional ruler’s residence
Oruku community in the Nkanu East Local Government Area of Enugu State was thrown into chaos again on Wednesday morning as a group of militants allegedly burnt 10 houses belonging to another group in the community. Among the houses burnt on Tuesday and early hours of Wednesday was that of …
Read More »Pro-democracy groups accuse AU of being ‘passive’ on Chad crisis
The African Union (AU) is attracting criticism for looking the other way at the situation in Chad, where a president was assassinated last year ahead of the inauguration for a new term, plunging the country into a chaotic transition period. And on Thursday, pro-democracy civil society organisations on the continent …
Read More »Economic crisis: Ghanaians turn to US Visa Lottery to escape hardship
Over one thousand Ghanaians have thronged the Circle overhead, where a stand has been mounted by some personnel to help applicants apply for the American Visa lottery. According to one of the facilitators of the American Visa Lottery, a total of 1,561 Ghanaians have been registered in the past 4 …
Read More »Why Ghana doesn’t really have a fertilizer crisis
There’s been a lot of media brouhaha about the fertilizer crisis in Ghana, focusing on recent huge price increases for inorganic (synthetic) fertilizer. Indeed, the price of inorganic fertilizer in Ghana has gone up about 5-fold in the last two years (and for those lucky enough to receive government-subsidised fertilizer …
Read More »Cost of living crisis: One coconut currently sold above GH¢3
Coconut lovers have lamented the increase in the cost of their favourite fruit from GH¢1.50p in 2021 to as high as GH¢4 as of September 2022. The price increase has come as a shock to consumers who have stated that they may reduce or move away from their consumption if …
Read More »Ghana’s economic crisis: Churches should improve social support systems – Dr Stephen Takyi appeals
Policy and planning lecturer at the Kwame Nkrumah University of Science and Technology (KNUST), Dr Stephen Takyi, has suggested to churches to improve on their social support systems for the members. In the midst of economic challenges confronting the country, he suggested among other things to the managements of the …
Read More »US providing Ghana with US$2.5m in development aid amid global food crisis
The United State has announced new monetary support in the area of development assistance to Ghana. The sum of US$2.5 million announced today (August 5, 2022) is to help Ghana amid a global food crisis, a USAID statement read. The statement comes at a time a top official of the …
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