NEWS

The first step towards bringing the fiscal deficit down from a targeted 11.8 percent of Gross Domestic Product for 2020 to 9,4 percent for 2021 will be taken on Wednesday, October 28 as the Finance Minister, Ken Ofori-Atta presents an appropriation bill to Parliament This is the traditional practice in Ghana preceding general elections every four years; because the incumbent ...

Dean of the Business School at the University of Cape Coast (UCC) Professor John Gatsi has dismissed comments by Finance Minister Ken Ofori-Atta suggesting that the projections made by the International Monetary Fund (IMF) regarding Ghana’s debt are merely statistical. Ken Ofori-Atta told TV3’s Etornam Sey in an exclusive interview on Monday, October 26 that the government of Ghana was not too concerned ...

An Accra High Court (Commercial Court 10), presided over by Justice Jennifer Abena Dadzie, has awarded damages of One Million cedis against controversial social media commentator, Kelvin Taylor, for defamatory statements he made against the Senior Partner of Accra-based corporate law firm, Africa Legal Asociates (ALA) and public figure Gabby Asare Otchere-Darko. Kevin Taylor has been consistent in criticizing Mr ...

Minister of Information, Kojo Oppong Nkrumah, has debunked claims that Ghana has once again been ranked in the category of Highly Indebted Poor Countries (HIPC). According to him, the numerous publications making rounds on social media purporting that the country has returned to HIPC is false. Speaking at the Nation Building Updates on Tuesday in Accra, the Minister noted that ...

An Economist and Professor of Finance at the University of Ghana Business School, Godfred Bokpin, says Ghana’s return to HIPC (Highly Indebted Poor Country) is not surprising. The World Bank has listed Ghana in the Category of the Highly Indebted Poor Countries on its website. A report projects Ghana’s debt to GDP which currently stands at 68.3% will hit 76.7% ...

The Circuit Court in Accra presided over by Mr Emmanuel Marvin Essandoh has admitted Dr Nathaniel Acolatse, an alleged financier of Western Togoland branch of Lapaz and his organiser to bail. Dr Acolatse, a clinician at Amasaman government hospital and Samuel Kasraku, a carpenter were both granted bail in the sum of GH ¢100,000 with two sureties each. The sureties ...

President Akufo-Addo has launched the Ghana Improved Cooking distribution project which will see the manufacturing and free distribution of 500,000 improved charcoal stoves in Ghana to 350,000 rural households across the country by 2021 which will benefit approximately 1.8 million Ghanaians. Launching the $5.5million South Korea Government funded project on Monday October 26,2020 at Akuse in the Eastern Region, President ...

Some Civil Society groups in the country have filed a suit over the directive by President Akufo-Addo asking Auditor General Daniel Domelevo to proceed on leave. Mr. Domelevo has been on mandatory leave since July 1, 2020 following an order by the President. An appeal by the civil society groups to have the decision rescinded was rejected by the Presidency. ...

The Paramount Chief of Kpone is reported to have walked out of the durbar grounds unhappy, at a sod-cutting event for the construction of a district hospital in the area. According to reports, Nii Tetteh Otu II was furious when he saw the artist’s impression of the project which the President, Nana Akufo-Addo came to commission because he taught was ...

The General Secretary of the opposition NDC has mocked the much-touted slogan of the governing NPP, coining “4 more for Nana to do more” into “4 more for Nana to loot more”. Asiedu Nketiah was addressing a hugely patronised health walk of the Sunyani East Constituency of the NDC in the Bono Region on Sunday when he made those remarks. ...