The Minority Leader Dr Cassiel Ato Forson has said that Ghana does not have the capacity to produce most of the 22 items that have been captured under the Import Restriction Legislative Instrument (L.I). For instance, he said, Ghana cannot produce the quantity of sugar for local consumption. To that end, he said the L.I, if passed in its current ...
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MTN Ghana CEO appointed MTN Group Chief Commercial Officer, as Stephen Blewett replaces him
MTN Group has announced the appointment of MTN Ghana CEO Selorm Adadevoh to the new role of MTN Group, Chief Commercial Officer, taking over from Jens Schulte-Bockum, who steps down as Group Chief Operating Officer at the end of his contract term in March 2024. A statement issued by the telco said at the same time, Mr Stephen Blewett, MTN ...
Read More »Banks’ yoy total assets up 16.7% to ¢257.89bn; deposits hit ¢199.94bn, profit-after-tax jumps to ¢7.10bn
Recapitalisation by banks in 2018/19 and the clean-up process from 2017 to 2019 were meant to position the banking sector to withstand shocks such as what emerged in 2020 and 2022, Bank of Ghana Governor Ernest Addison has said. According to him, the 2022 audited financial statements of banks, following the Domestic Debt Exchange Programme (DDEP), pointed to “significant” impairments ...
Read More »We’ve strengthened regulatory, supervisory frameworks to improve financial system’s overall resilience – BoG
In addition to the improvements in the macroeconomic environment and the performance of the banking sector, the Bank of Ghana says it has also worked to strengthen the regulatory and supervisory frameworks to improve overall resilience of the financial system. Furthermore, Governor Ernest Addison says the ongoing work of the Ghana Deposit Protection Corporation and the Financial Stability Council will ...
Read More »Ex-Hearts of Oak coach Koopman is immature and bitter – Dr Nyaho Tamakloe
Hearts of Oak board member, Dr. Nyaho Nyaho-Tamakloe, strongly criticised former coach Martin Koopman, branding him as ‘immature, frustrated, and bitter.’ The former Ghana Football Association Chairman was responding to Koopman’s accusations that the board interfered with his coaching decisions and dictated player selections. He refuted Koopman’s claims, stating as reported by Ghanasoccernet, “When they [Koopman and Rene Hiddink] came, ...
Read More »Arrest financiers of illegal small-scale miners – Kofi Adams
Member of Parliament for Buem, Kofi Adams, has called for a thorough investigation into illegal small mining (Galamsey) to uncover the financiers of the illegal miners. He noted that the illegal miners who usually get arrested in the pit do not have the wherewithal to procure the heavy-duty equipment used in the illicit mining practices. The real financiers are hiding ...
Read More »Man United ban journalists in response to negative stories
Manchester United have banned journalists from four media outlets – Sky, ESPN, Manchester Evening News, and the Mirror – from attending Tuesday’s news conference with manager Erik ten Hag. The club alleges that it has not been provided with the right to reply regarding negative stories circulating around the team. “We are taking action against a number of news organisations,” ...
Read More »Black Queens qualify for WAFCON 2024 despite second leg defeat to Namibia
The Black Queens will make a return to the Women’s Africa Cup of Nations for the first time in five years following their aggregate win over Namibia. Ghana suffered a 1-0 defeat in the second leg of their fixture against Namibia in Pretoria on Tuesday, December 5, but a 3-1 win in the first meeting was enough for them to ...
Read More »‘Imagine Ghana as the new Jerusalem’ – Ofori-Atta on National Cathedral re-evaluation
Finance Minister Ken Ofori-Atta has suggested a reevaluation of discussions on the National Cathedral’s construction, emphasising its potential to drive economic growth. Speaking at the Ghana Tourism Investment Summit 2023, at the Labadi Beach Hotel, he said the edifice was a strategic investment to boost the nation’s tourism sector. He explained that the cathedral could easily become a pilgrimage destination ...
Read More »Tanzania: Death toll from landslides rises to 68
The death toll from landslides and flooding triggered by heavy rainfall in northern Tanzania climbed to 68 on Monday, a regional official said, as rescue workers searched for trapped survivors. Torrential downpours at the weekend washed away vehicles and brought down buildings in the hillside town of Katesh, 300 kilometres (185 miles) north of the capital Dodoma. Images broadcast on ...
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