A senior lecturer at the Economics Department of Accra Technical University (ATU) in the Greater Accra Region has acknowledged that the Minority’s ‘Occupy BoG Demo’ has spurred the management of the central bank into action. Dr Daniel Osabutey commended the Bank of Ghana (BoG) for addressing concerns raised during the demonstration regarding the institution’s perceived wasteful expenditures. Dr Osabutey expressed ...

A group calling itself Concerned Citizens of Ghana has staged another protest at the headquarters of the Ghana Revenue Authority (GRA) in the Greater Accra Region demanding that President Akufo-Addo terminate the services of the Commissioner-General of the GRA, Rev Dr Ammishaddai Owusu-Amoah. The citizens claim that Rev Ammishaddai has exceeded his term limit. LEARN AND TRADE FOREX WITH GOLIGFX ...

Ghana has “robust and interoperable” payment systems where the country’s Real Time Gross Settlement Systems and the National Switch “continue to provide the catalytic infrastructures needed in ensuring connected payment systems”, Bank of Ghana Governor Ernest Addison has said. Speaking at the Chartered Institute of Bankers’ Governor’s Day, Dr Addison said: “We have cards, mobile money wallets and bank accounts ...

Inspector-General of Police George Akuffo Dampare has assured the Chairperson of the Electoral Commission, Mrs Jean Mensa, that the security agencies are committed to ensuring a peaceful and incident-free 2024 election, emphasising the continuity of the peaceful electoral environment since he assumed office. Speaking at a national election security task force meeting, Dr Dampare pledged protection for all involved in ...

The Minority Leader Dr Cassiel Ato Forson has said that Ghana does not have the capacity to produce most of the 22 items that have been captured under the Import Restriction Legislative Instrument (L.I). For instance, he said, Ghana cannot produce the quantity of sugar for local consumption. To that end, he said the L.I, if passed in its current ...

MTN Group has announced the appointment of MTN Ghana CEO Selorm Adadevoh to the new role of MTN Group, Chief Commercial Officer, taking over from Jens Schulte-Bockum, who steps down as Group Chief Operating Officer at the end of his contract term in March 2024. A statement issued by the telco said at the same time, Mr Stephen Blewett, MTN ...

Recapitalisation by banks in 2018/19 and the clean-up process from 2017 to 2019 were meant to position the banking sector to withstand shocks such as what emerged in 2020 and 2022, Bank of Ghana Governor Ernest Addison has said. According to him, the 2022 audited financial statements of banks, following the Domestic Debt Exchange Programme (DDEP), pointed to “significant” impairments ...

In addition to the improvements in the macroeconomic environment and the performance of the banking sector, the Bank of Ghana says it has also worked to strengthen the regulatory and supervisory frameworks to improve overall resilience of the financial system. Furthermore, Governor Ernest Addison says the ongoing work of the Ghana Deposit Protection Corporation and the Financial Stability Council will ...

Hearts of Oak board member, Dr. Nyaho Nyaho-Tamakloe, strongly criticised former coach Martin Koopman, branding him as ‘immature, frustrated, and bitter.’ The former Ghana Football Association Chairman was responding to Koopman’s accusations that the board interfered with his coaching decisions and dictated player selections. He refuted Koopman’s claims, stating as reported by Ghanasoccernet, “When they [Koopman and Rene Hiddink] came, ...

Member of Parliament for Buem, Kofi Adams, has called for a thorough investigation into illegal small mining (Galamsey) to uncover the financiers of the illegal miners. He noted that the illegal miners who usually get arrested in the pit do not have the wherewithal to procure the heavy-duty equipment used in the illicit mining practices. The real financiers are hiding ...