Ghana has taken the tough economic decisions needed to win a rescue package from the International Monetary Fund, once bilateral creditors sign off on assurances, said the institution’s Africa Department Director Abebe Selassie. The government has increased taxes and imposed losses on domestic investors, as authorities attempt to meet IMF demands for the $3 billion loan. Still, informal talks with ...

The Ministry of Foreign Affairs and Regional Integration says 82 Ghanaian nationals have been evacuated from the Sudanese capital, Khartoum, so far. Seventy-seven were evacuated to safety in Gedaref, Sudan, to be transported to Ethiopia on Wednesday, April 26 while five, comprising three footballers and two working for an Australian mining company, are being evacuated through the Egyptian border post ...

Gospel artiste Piesie Esther, has stated that she has no rivalry with any gospel artiste up for the Vodafone Ghana Music Awards’ (VGMA) Best Gospel Artiste Category. Piesie Esther, who is competing against Joe Mettle, Perez Muzik, Diana Hamilton, Celestine Donkor, and MOG Music for the “Best Gospel Artiste,” says she does not view the award as a chance to ...

The Fair Wages and Salaries Commission (FWSC) has disclosed that preliminary monitoring report on 58 institutions has estimated that about 22 per cent of their wage bill is unearned salaries. This development emerged from an ongoing nationwide payroll monitoring exercise to expunge existing anomalies and fraud in the public sector payroll. The exercise is to save the country an estimated ...

Fitch Ratings has downgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘RD’ from ‘CCC’. Fitch has also downgraded to ‘CC’ from ‘CCC’ and subsequently withdrawn the issue ratings on five local-currency bonds issued prior to the domestic debt exchange. Fitch has affirmed the issue rating of local-currency bonds issued on the completion date of the domestic debt exchange ...

Flagbearer aspirant of the National Democratic Congress (NDC) John Dramani Mahama has said the country’s cocoa sector is on the verge of collapse because of the mismanagement of the sector by government. Addressing party supporters and branch executives at the beginning of a two-day campaign tour of the Western North Region, Mr. Mahama said government’s failure to adjust the producer ...

As Ghana’s economy continues to face significant challenges, the government recently introduced three new taxes – the Excise duty amendment bill 2022, growth and sustainability levy bill, and income tax amendment bill 2022 – to raise revenue and meet the criteria for a $3 billion IMF programme staff-level agreement. However, these new taxes come at a time when the Ghanaian ...

Former Attorney General and Minister of Justice, Mrs Betty Mould-Iddrisu, has advised the new Chief Justice nominee, Justice Gertrude Araba Esabaa Torkornoo, to defend justice in an impartial and professional manner if she gets the parliamentary approval to become Ghana’s next Chief Justice. President Nana Addo Dankwa Akufo-Addo nominated Justice Araba Esabaa Torkornoo, as Ghana’s next Chief Justice to replace ...

The Chief Executive Officer of the National Communications Authority (NCA) Joe Anokye has announced that the MTN Zone bundle will soon be back. This was after telecom operator MTN submitted a revised data zone bundle which meets the regulatory requirement, Mr Anokye said. MTN announced the suspension of the Zone Bundle on Wednesday, April 05, 2023. A statement issued said ...

Former General Secretary of the New Patriotic Party, Kwabena Adjei Agyapong, is urging the Ghana Football Association to concentrate on developing the mainstream football game instead of introducing a five-a-side competition. The GFA on Tuesday, April 11, launched the maiden edition of the Futsal Premier League at its Secretariat. Sixteen clubs have been registered to compete in the first edition ...