Some indigenous universal banks have made a passionate appeal to the President to intervene to ensure that the Bank of Ghana (BoG) extends its December 2018 deadline for local banks to recapitalise from GH¢120 million to GH¢400 million to next four years. According to the banks which have come together to form an association christened: The Association of Indigenous Universal ...

Local private businesses were the worst culprits in repaying loans taken from commercial banks for 2017. According to the Bank of Ghana, the businesses constituted 80.6 percent of loan default attributable to the private sector for last year compared to the estimated 7.9 percent of loan default attributable to the private sector, recorded by foreign businesses. This is among the ...

The National Association of Graduate Teachers (NAGRAT) has declared an indefinite strike, beginning today, Wednesday April 4, 2018. NAGRAT’s action is in protest of government’s continuous refusal to pay six years salaries in arrears owed its members. The declaration comes a day after final year students in Senior High Schools began writing the West African Senior School Certificate Examinations. Speaking ...

Shatta Wale seems to have the Ghanaian music industry at heart as he passionately asked all to help promote the local music to compete with the world. The Zylofon signed artiste pleaded with industry players to eschew greed and egocentric since according to him such attitudes keep destroying the good talents Ghana can boast of. In his pursuit to make ...

An oil and gas policy think tank, Centre for Natural Resources and Environmental Management (CNREM), has alleged that Ghana lost about $902.45 million in the oil sector because some of the oil companies paid less taxes and royalties to the country. According to the centre, although the oil resource is in Ghana, the county makes less than 20% of the ...

Protesters have blockaded the Commonwealth Games Queen’s Baton Relay on the Gold Coast. Organisers were forced to drop one leg of the relay with the route looping for a short period. Wearing shirts and holding signs declaring “No Justice, No Games”, the group is protesting the colonisation of Australia. It says the royal family – represented by Charles and Camilla, ...

Queensland police have launched a criminal investigation into allegations that a Mauritian team official sexually assaulted one of the delegation’s athletes at the Commonwealth Games in Gold Coast, Australia. The allegations threaten to overshadow the start of the Games and come just hours before Wednesday’s opening ceremony. “The Queensland police service is currently investigating a complaint in relation to an ...

Former England international Ray Wilkins has died in hospital at the age of 61. Wilkins was taken to St George’s Hospital in Tooting, London last week after suffering a cardiac arrest and falling at his home. He was placed in an induced coma five days ago but never regained consciousness. A statement issued by St George’s Hospital on behalf of ...

Ghanaian dancehall musician Charles Nii Armah who goes by the stage name Shatta Wale insulted fans of Stonebwoy for allegedly sabotaging him during his performance at the first edition of Zylofon Cash Activation Concert. The musician who sounded frustrated during his performance after his microphone and the stage lights went off several times said he believes his haters are behind ...

Government’s desire and ability to mobilise and maximise domestic revenue is an integral part of President Nana Addo Dankwa Akufo-Addo’s vision of a Ghana Beyond Aid, the Vice President of the Republic, Dr Mahamudu Bawumia has underscored. Thus, government is putting in place the necessary blocks, such as the issuance of a national ID Card, a National Digital Property Addressing ...