An Economist with the University of Ghana Business School (UGBS) Dr Lord Mensah says the downgrade of Ghana’s economic outlook from stable to negative by International rating firm, Fitch, is not surprising. According to the latest Fitch report, the negative rating reflects the significant deterioration in public finances as a result of the Covid-19 pandemic and the delays by the ...

The Ghana Health Service has indicated that the AstraZeneca and Sputnik V vaccines are effective against a deadly Indian strain of the Coronavirus detected in Ghana recently. A statement issued by the GHS and signed by its Director-General, Dr Patrick Kuma-Aboagye on Tuesday, 22 June 2021 in reaction to an online publication discrediting the potency of vaccines against the Delta ...

The World Bank Migration and Development Report for 2021 has reported an increase of 5 per cent to $3.6 billion in remittance flows to Ghana despite the lockdowns around the world in the heat of the COVID-19 pandemic. Host countries for Ghanaian migrants include the USA, UK, Côte d’Ivoire, Italy, Germany, and Canada. The resilience of Ghanaian migrants has been ...

Coalition of Former Menzgold Customers on Tuesday, 22 June 2021 called on the Speaker of Parliament Alban S. K Bagbin to ask him to help them retrieve their locked-up funds with the now-defunct company. The leader of the 10-man delegation Isaac Nyarko expressed worry about the impact of closure of Menzgold on customers and their families, adding that the banking ...

International Economic rating firm Fitch has downgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from stable. Fitch has affirmed the IDR at ‘B’. According to the latest Fitch report, the negative rating reflects the significant deterioration in public finances as a result of the Covid-19 pandemic and the delays by government to roll out its fiscal consolidation efforts. ...

Spokesperson for Ghana Football Association, Henry Asante Twum has revealed that until congress agrees on different punitive measures to tackle hooliganism, the furthest the GFA can go in dealing with violence at match centers is banning venues of clubs whose supporters engage in acts of crowd violence. The Ghana Football Association has come under huge criticisms for doing little in ...

Police in Adeiso in the Eastern Region have intercepted four (4) pump action guns and seventy-eight live cartridges from a vehicle allegedly belonging to a sand-winning Company. Information gathered indicates that on June 21, 2021, at about 3:00 am Adeiso Police Command gathered intelligence that there was illegal sand winning ongoing at Okaikrom community near Adeiso. Police dispatched a team ...

The Commercial Court in London has rejected a late appeal from Ghana against a judgement debt award of US$134 million in favour of power contractor, The Ghana Power Generation Company (GCGP). According to the London Court, the government of Ghana failed to apply and set aside the January 26, 2021 decision of the London-based United Nations Commission on International Trade ...

The Overlord of Mamprugu, the Nayiri, Naa Bohogu Mahami Abdulai Sheriga, has applauded President Nana Addo Dankwa Akufo-Addo for seeing to the construction and completion of several projects which had been on the wish list of the chiefs and people of Mamprugu for many years. According to the Nayiri, the impact of the work undertaken by the President Akufo-Addo has ...

The Sekondi High Court in the Western Region of Ghana has ordered the Member of Parliament for Jomoro Constituency, Dorcas Affo-Tofey to produce all valid documents supporting her claim of renouncing her Ivorian citizenship before contesting as a Parliamentary Candidate on the ticket of the National Democratic Congress for the constituency within ten (10) working days. The Sekondi High Court, ...