Rapper Nicki Minaj apologized to fans outside her hotel in Manchester early Sunday morning for postponing a UK show after she was stopped by Dutch authorities on allegations she was carrying drugs. “I love you and I’m so sorry this happened tonight,” Minaj said in a video posted on social media. Minaj had earlier revealed the name of her Manchester hotel in a post ...

Ghana’s cocoa regulator will borrow up to $1.5 billion by September to finance 2024/25 cocoa purchases and compensate for low output, two COCOBOD sources with knowledge of the arrangement said on Sunday. The world’s second-largest cocoa producer after neighbouring Ivory Coast uses an annual syndicated loan to finance bean purchases from farmers. It is usually agreed at the start of ...

To deal with the high demand pressures on the foreign exchange market, the Bank of Ghana (BoG) has taken steps in the past few weeks to directly absorb foreign exchange needs of some corporate institutions, and this has led to a reduced pipeline demand for foreign exchange from the commercial banks. The Bank said it is fully aware of the ...

It is not fair for Finance Minister Mohammed Amin Adam to blame currency speculation and the need for more money and the need to borrow more to service Ghana’s debts, for the falling streak of the Ghana cedi, economist Prof John Gatsi has said. The Ghanaian cedi has depreciated by about 14.6% against the US dollar as of May 2024, ...

Ghanian rapper, Lyrical Joe has opened up about his involvement in the rap beef between Ghana’s Sarkodie and Nigeria’s Dremo. Earlier in May, Sarkodie released his ‘Brag’ song which was part of his main project, “The Championship Mixtape.” In his song, Sarkodie insisted he was above any competition in Africa comparing himself to the likes of Kendrick Lamar and J.Cole. ...

Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has formally notified the Ghana Police Service of his intention to lead a demonstration on June 18, 2024, against the sale of SSNIT’s hotels to Bryan Acheampong, Ghana’s Minister for Food and Agriculture. This notification is in accordance with the Public Order Act, 1994 (Act 491). Mr. Ablakwa stated that the ...

Mr Alan Kyerematen, the founder and leader of the Movement for Change, has announced plans to establish a fixed exchange rate regime for import duty payments in Ghana for a period not exceeding six months. This policy, part of his first-year Economic Recovery Plan, aims to reduce the high level of imported inflation in the economy. Mr Kyerematen presented this ...

Flagbearer of the National Democratic Congress (NDC), former President John Dramani Mahama, has pleaded with multinational companies to remain in the country, assuring them of an end to the hardships they are facing under the Akufo-Addo-Bawumia government. Some multinational companies, including Glovo, Nivea, Jumia Food, and BIC Pen, among others, have exited the Ghanaian economy, citing a harsh business climate. Mr Mahama ...

The CEO of the Ghana National Petroleum Corporation (GNPC), Joseph Abuabu Dadzie, has responded to concerns about Ghana’s declining crude oil production, as highlighted in the 2023 annual report by the Public Interest Accountability Committee (PIAC). During his inspection of GNPC’s operational headquarters in Takoradi, Mr. Dadzie downplayed the immediate impact of the decline, but stressed the need for increasing ...

Former president John Dramani Mahama has expressed concern about the continuous depreciation of the local currency against the dollar and other major currencies. He criticised the current government for failing to implement effective measures to curb the rapid decline of the currency against major trading currencies, particularly the U.S dollar. Speaking at the 8th CEO Summit in Accra on Monday, ...