The Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana has attributed rising labour agitations, high business costs, and the collapse of some businesses to the high foreign exchange rates and inflation. This finding is sourced from the Institute’s assessment of the recent mid-year budget review …
Read More »Residents of Denu threaten to ditch electricity use over high tariffs
The Assembly member for Denu in the Ketu South Municipality, Israel Bossman, says residents may soon be compelled to abandon the use of electricity in the area if the Electricity Company of Ghana (ECG) fails to address challenges associated with its billing system. Residents recently staged a protest against what …
Read More »CID and NACOC destroy sacks of marijuana and cocaine
Armed officers of the Criminal Investigations Department (CID) of the Ghana Police Service under the supervision of the Accra Circuit Court and the Narcotics Control Commission (NACOC), have burnt two hundred and forty-two sacks of marijuana, sixteen kilograms of cocaine, and buckets of heroin as part of an effort to …
Read More »Airbus scandal: OSP identifies Mahama as ‘Government official 1’, but cleared of any wrongdoing
Office of the Special Prosecutor (OSP) has identified former president John Dramani Mahama as the Government Official 1 in the Airbus Scandal. Speaking at a press conference in Accra on Thursday, August 8, the Special Prosecutor, Kissi Agyebeng also confirmed the brother of the former president, Samuel Mahama, as intermediary …
Read More »Africa gets third seat on IMF executive board effective November 1
The Board of Governors of the International Monetary Fund (IMF), the highest decision-making body of the IMF, on July 16, 2024, issued a new resolution to increase the number of Executive Directors on the IMF’s Executive Board by adding a 25th chair intended for Sub-Saharan Africa. This resolution follows the …
Read More »BoG sanctions 47 individuals, 245 business entities for issuing dud cheques
The Bank of Ghana has sanctioned 47 individuals and 245 business entities for continuous issuance of dud cheques. The Central Bank notes that the affected bank customers issued dud cheques on at least three occasions between January 2022 and January 2024, despite warnings about the consequences of their actions. A …
Read More »Komenda residents to protest leasing of sugar factory to Indian firm
Residents of Komenda are preparing to protest against the leasing of the sugar factory to an Indian firm next week. The locals argue that this move will deprive them of the employment opportunities they anticipated since the facility was built. This follows an announcement by Minister K.T. Hammond about plans …
Read More »We find it difficult accessing potable water due to inadequate boreholes – Daribaateng residents bemoaned
Women in Daribaateng, a farming community in the Wa West district of the upper west region, bemoaned the challenges, they are facing in their attempt to access clean water in the community. Madam Bayour Kyaltolo Faustina, a woman farmer and a mother explain that, they have four boreholes in the …
Read More »Four arrested for tampering with meters, ECG faces GH₵77,000 loss
Four individuals, including three Ghanaians and a Chinese national, have been detained by the police for their involvement in the manipulation and installation of meters from the Electricity Company of Ghana (ECG). Wisdom Sewlorm, an agent, took possession of the ECG meters for installation. But his employee, Ernest Afatsawu, interfered …
Read More »Ghana’s gold export to hit $10 billion by end of 2024
Ghana’s gold export jumped to a record high in the first half of 2024, Martin Ayisi, the Chief Executive Officer (CEO) of the Minerals Commission, has said. According to him, the total mineral exports for the first half of the year stood at $9.2 billion, with gold alone accounting for …
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