The Minority in Parliament says it will go to the Supreme Court to seek an interpretation of Article104 of the Constitution which indicates the conduct of votes in the House. This follows the House’s approval of a request by the government to pass the Imposition of Restriction Bill under a …
Read More »Fuel prices to fall by 8%
Fuel prices from Monday, March 16, 2020, are expected to fall by between 5 to 8 percent, which would bring some relief to consumers but whether commercial vehicle operators would reduce fares is another matter to fight over another day. Even though crude prices collapsed on the world market a …
Read More »Ghana’s new investment law delayed until 2021
With the processes aimed at operationalizing the African Continental Free Trade Area (AfCFTA) that started this year, it has become necessary for the Ghana Investment Promotion Centre (GIPC) and key partners to slow down the process of revising the GIPC law. The completion of the review had been scheduled for …
Read More »Ghana to make announcement on travel restrictions today
Ghanaian authorities will announce travel restrictions on countries with confirmed cases of coronavirus (COVID-19) today. Information Minister, Kojo Oppong Nkrumah says the announcement will come up at 12 pm. There was a meeting by the inter-ministerial committee on the COVID Response, chaired by President Nana Addo Dankwa Akufo-Addo yesterday. But …
Read More »Parliament approves US$895M Pwalugu multipurpose Dam Project
Parliament has approved the three-in-one contract agreement between Ghana (Ministry of Energy) and Powerchina International Group Limited amounting to over 895 Million Dollars for the multipurpose Dam Project at Pwalugu. The Agreements are as follow: EPC/Tumkey Contract Agreement between the Government of the Republic of Ghana (represented by the Ministry …
Read More »Ghana ranks 117th on financial secrecy index
Ghana is ranked 117th out of 133 countries on the 2020 Financial Secrecy Index (FSI), garnering a score of 52 and accounting for 0.01 percent of global market in offshore financial services. The FSI ranks each country based on the intensity of its legal and financial systems with a secrecy …
Read More »Ghana’s Economy On Diversification Path — Bawumia
Ghana has undergone considerable changes in terms of its economic structure through diversification, by shifting focus on the production of raw materials to value addition, says Vice-President Dr. Mahamudu Bawumia. According to him, this is a key pillar of Nana Akufo-Addo’s ‘Ghana Beyond Aid’ agenda, which is being implemented through …
Read More »Stock Market breadth on the positive side as advancers outpace decliners
Upward price movements in three banking, insurance and telecom counters pushed the benchmark index up by 9.77 points (+0.42%) to close the session at 2,215.92 with a -1.83% year-to-date return while market capitalization increased by 0.18% to settle at GH¢56.75 billion. Ecobank Ghana (-1.14%) moderated the GSE Financial Index by …
Read More »International flights to Lagos divert to Ghana, leaving passengers stranded
All international flights bound for Lagos, Nigeria, have been diverted to Ghana following poor weather conditions and complications from new equipment installation. British Airways and Emirate Airlines are among the carriers unable to land at the Murtala Muhammed Airport in Lagos and were instead rerouted to Ghana. The diversions are …
Read More »Two girls go missing in Mallam, Gbawe
Two schoolgirls have been reported missing in Mallam and Gbawe, in the Greater Accra Region. According to a report from the Accra Regional Public Affairs Unit of the Ghana Police Service, the children – Betty Afanyibo and Theresa Koranteng – left home for school last Friday. But their guardians – …
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