Tag Archives: DEBT

A task force of the Electricity Company of Ghana is currently in parliament awaiting departure of the Speaker to embark on a disconnection exercise over indebtedness of the lawmaking chamber. It is unclear the exact amount Parliament owes the power distribution company. On March 14, ECG disconnected power to Terminal …

The April 25 agreement for the sale of social media platform, Twitter, to Tesla founder, Elon Musk, continues to elicit reactions across the world. Samuel Nartey George, Ningo-Prampram Member of Parliament, will not be left out as he used the same platform to express his views on the impending sale, …

The University of Ghana, risks being disconnected from the national power grid if it fails to pay a GH¢33 million debt it owes the Electricity Company of Ghana (ECG) within the next 72 hours. A disconnection notice has been served on the university, and any further delay will leave the …

The Electricity Company of Ghana (ECG) has served disconnection notice on the Judicial Service over its alleged feet-dragging attitude towards the payment of its debt. The Judicial Service owes GH¢762,319.35 in electricity bills and all attempts by ECG to recover the amount have proven futile after serving the institution a …

The quest to collect her GH¢5.00 from a driver changed the life of married 22-year-old trader at Awutu Bawjiase in the Central Region. Maa Abena [pseudo name], a sausage and gizzard seller at Bawjiase lorry station, was drugged and raped by a 35-year-old driver. Sharing her ordeal on Adom FM’s morning show, Dwaso …

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 …

Officials of the Electricity Company of Ghana have reportedly disconnected the Accra Sports Stadium from the national grid. The exercise was undertaken by the National Task Force of ECG due to the heavy indebtedness of the stadium management to a tune of GH¢508,000 for power supplied to the stadium for …

The International Monetary Fund (IMF) has confirmed that Ghana is in debt distress, a deputy Ranking Member on Parliament’s Finance Committee, Isaac Adongo, has alleged. According to him, the development comes after the Fund, in its latest Monetary and Capital Monitor report, affirmed Ghana has attained ‘the unenviable economic status of a …

The Ghana Education Service (GES) has said it has retrieved its vehicles which were sieved over judgment debt. The official Vehicles of the Eastern Regional Director Education and the Regional Accountant of Ghana Education Service as well as that of the Birim South District Director of Education were seized to …

The official Vehicles of the Eastern Regional Director Education and the Regional Accountant of Ghana Education Service as well as that of the Birim South District Director of Education have been impounded by a bailiff to defray a judgement debt of Ghc3,471,240.72 awarded against the service by the Koforidua High …