The Bank of England has estimated it will require the Treasury to transfer a total of £150bn by 2033 to cover expected losses on the central bank’s quantitative easing programme, up from a previous calculation of £100bn. The transfers represent both the continuing cash flow losses on the QE scheme — under which the BoE bought large volumes of gilts ...

The Chief Justice has insisted that it is part of the code of conduct of judges not to comment on cases pending in any court of the land. Her Ladyship Justice Gertrude Esaaba Torkornoo maintained that just like individuals are hauled to court for contempt, judges are even hauled faster if they pass comments that could impair the fairness of ...

Iconic Ghanaian highlife musician Pat Thomas opens up about how his mother reported him to the police for pursuing a career in music. In an interview on Citi TV’s entertainment and lifestyle show “Upside Down,” Pat Thomas revealed that he decided to leave school in Techiman to pursue his dream of becoming a musician. Ironically, his mother, who was also ...

The Bank of Ghana lack funds and, thus, cannot perfrom its monetary policy role without printing more money, Mr Isaac Adongo, the Ranking Member of Parliament’s Finance Committee has said. Reacting to an audit report that revealed that the central bank lost GH¢60 billion through the debt restructuring exercise, Mr Adongo told journalists after Finance Minister Ken Ofori-Atta delivered his ...

A Deputy Finance Minister, Abena Osei-Asare has justified the GH¢20 billion cut in expenditure saying it is enough for the country in its current state. The Finance Minister, Ken Ofori-Atta presenting the mid-year budget review in Parliament on Monday said the government was proposing a downward revision of the Appropriation from GH¢227.7 billion as presented and approved in November 2022 ...

Artiste manager and entertainment pundit, Nana Asiamah Hanson, popularly known as Bullgod, has expressed his discontent over the strong relationship Ghanaian music duo, R2Bees, and songstress Efya have with Nigerian music star, Wizkid, and their apparent absence from his international tours. In a Facebook post on Saturday, July 29, Bullgod raised questions about why R2Bees and Efya frequently socialize with Wizkid when he visits Ghana, ...

Otumfuo Osei Tutu II, the Asantehene, has undertaken a momentous courtesy visit to the President of Trinidad and Tobago, Christine Carla Kangaloo O. R. T. T. During this special occasion, several prominent figures were present, including President Kangaloo’s husband, Kerwyn Garcia, Senator Dr. Amery Browne, the Minister of Foreign and CARICOM Affairs, and Rita Toussaint, the Permanent Secretary of the ...

Member of Parliament for Bolgatanga Central Constituency Isaac Adongo says he had to wake up to wake his colleagues up while Finance Minister Ken Ofori-Atta was reading the mid-year budget review in Parliament on Monday, July 31. He said all those who were shouting ‘Yeah yeah’ were actually sleeping during the presentation. The National Democratic Congress (NDC) made this known ...

Brazil midfielder Fabinho has completed a move to Saudi Arabian club Al-Ittihad from Liverpool on a three-year deal. The 29-year-old did not travel with the Reds to a recent training camp in Germany after the Saudi side made a £40m bid for him. Fabinho was also left out of the club’s current trip to Singapore as the move was finalised. ...

The 2004 Class of the Mfantsipim Old Boys Association (MOBA ‘04) has launched a Trust Fund that seeks to raise GH₵2 million to support their alma mater. The trust fund, according to the President of MOBA ’04, Samuel Menyah Asah-Kissiedu, is to finance the school’s forthcoming 2024 Speech and Prize Giving Day as well as the commemoration of Mfantsipim School’s ...