Ghana’s central bank raised interest rates by the largest margin in a generation on Monday in a bid to slow rampant inflation that threatens to create a debt crisis in one of West Africa’s largest economies. The Bank of Ghana raised its main lending rate by 250 basis points to 17%, the biggest hike in more than 20 years, signalling ...

Everyone is in a hurry to someplace under the scorching African sun. Suddenly, vehicles begin rolling to a halt. Exhaust fumes from anile trotro engines filling lungs. Eardrums of weary commuters not being spared from the bash of claxons by impatient drivers. A looming gridlock it is, yet it is not even Christmas. Yes! This is just another frustrating day ...

Dr Owusu Afriyie Akoto on Tuesday, March 14, 2022, welcomed a Canadian delegation led by the Minister for International Development, Harjit S. Sajjan, to The Ministry of Food and Agriculture, Ghana. The Canadian government has been investing in the Agricultural sector of the country through a whole range of initiatives by our long-standing relationship, thus, the purpose of the visit ...

The return leg of the ‘Paris in Accra’ concert dubbed ‘Accra in Paris’ (AIP) set to hold in France has been slated for April 23. Ghanaian acts Sarkodie, Stonebwoy, and Kwabena Kwabena have so far been confirmed to thrill music lovers at the highly-anticipated show. Likewise, their French counterparts Passi and Orti are gearing up to thrill the crowd on ...

The Association of Importers and Exporters of Ghana has implore President Nana Akufo-Addo to sack the Governor of the Bank of Ghana, Dr Ernest Addison over the depreciation of the cedi against the dollar and other major international currencies of trade. At the BoG’s recent Monetary Policy Committee meeting, Dr Addison said: “Gross International Reserves at the end of February ...

The Vice Chairman of the Conventions People’s Party (CPP) Onzy Kwame Nkrumah has filed an interlocutory injunction against his party Chairperson Nana Frimpomaa Sarpong Kumankuma seeking to stop her from performing her leadership duties. The application filed by the son of Ghana’s first President Osagyefo Dr Kwame Nkrumah is seeking for six reliefs. Onzy Nkrumah per his statement of claim ...

Investigative journalist Manasseh Azure Awuni has wondered why the government has paid GHS100 million to a private waste company to dredge the Odaw river when the same water body was dredged for free by former President John Mahama’s brother, Mr Ibrahim Mahama, a few years ago. He wrote the following on Facebook: GHANA IS NOT BROKE! THIS IS HOW THEY ...

Youth Empowerment Consortium (YEC) has stated that passage of the electronic transaction levy (e-levy) will worsen the already precarious economic woes of the Ghanaian youth. The controversial 1.75% proposed e-levy was announced by Ghana’s finance minister Ken Ofori-Atta in the 2022 budget read last year with aim to “widen the tax net and rope in the informal sector”. However, the ...

Assin North MP James Gyakye Quayson’s application challenging the High Court’s ruling that declared his election as null and void has been thrown out by the Court of Appeal. This effectively nullifies his stay of execution application. Presiding judge Irene Charity Larbi said on Tuesday, 22 March 2022 that Mr Gyakye Quayson did not comply with the court’s directive that ...

The Vice President, Dr Mahamudu Bawumia, has commissioned the 5th and 6th Distribution Centres for Zipline Ghana at Anum and Kete Krachi. “When the government, led by President Nana Addo Dankwa Akufo Addo satisfied itself with the knowledge behind Zipline’s innovation and how it will improve access to vital medical supplies, we became interested and more eager to ensure that ...