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The National Democratic Congress (NDC) and four other parties, the Convention Peoples Party (CPP), All Peoples Congress (APC), Liberal Party of Ghana (LPG), and the Great Consolidated Peoples Party (GCPP), have filed a joint lawsuit against the Electoral Commission (EC) of Ghana in the Supreme Court. The suit is in response[Read More…]
The leader and 2024 flag bearer of the National Democratic Congress (NDC), John Dramani Mahama, has reiterated his promise to equip the youth of Ghana with the knowledge and skills needed for a sustainable future and introduce a 24-hour economy. In a statement to commemorate the 2023 International Youth Day,[Read More…]
“There are two ways of spreading light,” says the celebrated American writer Edith Wharton, “to be the candle or the mirror that reflects it.” Aunt Ama was the candle, and I have had the privilege of being one of the millions of mirrors across the globe that reflected the light[Read More…]
The Ghana Cedi continues to enjoy some stability in the interbank forex market. The market opened with currency dealers buying the US dollar for GH¢11.72 and selling it for about GH¢11.72. The Ghanaian currency is stronger today compared to last Friday, though slightly. Market watchers expect the Ghana Cedi to[Read More…]
Interest rates on government treasury bills are rapidly rising as the government uses high rates to entice investors to meet its high borrowing appetite. Although a second debt restructuring looms, the government’s borrowing appetite remains elevatedu (high). Results from last Friday’s treasury bill sale show that all the rates have[Read More…]
Former Ghanaian President, John Mahama, has urged the Chamber of Independent Power Producers (IPPs) not to shut down their production plants. The IPPs are demanding that the government pays off 30% of their outstanding debt of $1.73 billion, or they will cease operations on June 30th. This could have a[Read More…]
On Thursday, the Minister for Works and Housing, Francis Asenso-Boakye, informed parliament that the government has spent GH¢450 million since 2018 to tackle flooding in the country. He described it as “the most substantial investment from government funding sources dedicated to addressing flooding.” The investment was geared towards “enhancing the[Read More…]
The Ghanaian government has received a $200 million grant from the World Bank to address the country’s persistent flooding problems, according to Francis Asenso-Boakye, Minister for Works and Housing. The Minister highlighted insufficient drainage infrastructure, poor solid waste management, improper planning practices, and rapid urbanisation as the primary factors behind[Read More…]
Following the Bank of Ghana’s one-month forex ban, First National Bank Ghana has announced temporary arrangements to serve its clients who require foreign exchange transactions. In an official statement, Head of Marketing and Corporate Affairs Delali Dzidzienyo confirmed that the bank has temporarily halted the processing of new or pending[Read More…]
The Bank of Ghana has fined Fidelity Bank and First National Bank for what the Central Bank says in a public notice is a breach of Sections 3.4, 3.5 and 3.9 of the Ghana Interbank Forex Market Conduct rules. The forex licenses of the two banks have been suspended for[Read More…]
Former Attorney General Martin A.B.K. Amidu has criticised President Nana Akufo-Addo for making a “shameful” and “prejudicial” statement regarding the criminal charges against MP-elect for Assin North, James Gyakye Quayson. Amidu stated that the President, as an astute lawyer, should have known that the accused is innocent until proven guilty[Read More…]
