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In May, 2022, Finance Minister, Ken Ofori-Atta, reiterated government’s stance on going to the International Monetary Fund (IMF) for financial assistance. According to him, government was committed to not returning to the IMF because interventions and policies had been put in place to ensure sufficient macroeconomic gains for the local economy …

The management of the Kumasi Kejetia Market in the Ashanti region has said it is working with the Electricity Company of Ghana (ECG) to procure separate meters for traders in the market. The traders have declined to pay bills, as a protest to the failure of the management to give …

The Canadian authorities have issued travel advisories to its citizens travelling to Nigeria. According to the authorities, Canadian citizens should not travel to Nigeria unless it is extremely necessary to do so. “Avoid non-essential travel to Nigeria due to the unpredictable security situation throughout the country and the significant risk …

A former Deputy Minister of Information, Felix Kwakye Ofosu has reacted to the decision by the government to go to the International Monetary Fund (IMF) for support. He said he can imagine the fear that has gripped the head of the Economic Management team, Vice President Dr Mahamudu Bawumia following the decision. “I can …

The Minority in Parliament has called on the Akufo-Addo-Bawumia government to apologise to Ghanaians and immediately cancel the Electronic Transaction Levy (E-levy) for heading to the International Monetary Fund (IMF) for a bailout. Speaking to Starr News Minority spokesperson on Communications A.B.A Fuseini argued the move is final proof of the level …

  President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo has instructed the minister of finance to commence official engagements with the International Monetary Fund.This is contained in a statement issued by the Minister of Information, Kojo Oppong Nkrumah on Friday, July 1, 2022.According to the statement, the finance minister has …

The infrastructure footprints of China is a long drawn subject for analysts of geopolitics. It is widely believed that the Asian giant’s power and prowess on the continent is linked to the efforts it sinks into developing public and private infrastructure across the continent. China has in recent years, built …

On the Interbank forex rates from the Bank of Ghana today, July 1, 2022, the Ghana Cedi is trading against the dollar at a buying price of 7.2269 and a selling price of 7.2341. As compared to yesterday’s trading of a buying price of 7.2209 and a selling price of 7.2281. …

Former President, John Dramani Mahama, has proposed a number of measures be believes will salvage Ghana’s sinking economy. According to Mahama, these measures are to be deployed as quickly as possible in order to avert a total collapse of the economy. He made the recommendations during a June 30, 2022 …

Disgraced R&B singer R. Kelly was sentenced to 30 years in prison Wednesday, according to the US Attorney’s Office for the Eastern District of New York, following his conviction last year on federal racketeering and sex trafficking charges stemming from his efforts over years to use his fame to ensnare …