NEWS

Jail Persons Implicated In Banking Sector Clean-up – BoG Charges Govt

The Governor of the Bank of Ghana, Dr. Ernest Addison, has made an impassioned call for governmental intervention against shareholders of banks and financial institutions implicated in the controversial financial sector clean up. During a joint press conference with the Ministry of Finance and the International Monetary Fund (IMF), Dr. Addison underscored the urgent necessity for accountability within the banking ...

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IMF:$360m third tranche hits BOG’s account

The government of Ghana has received $360 million as the third tranche of the country’s bailout package from the International Monetary Fund (IMF). This amount, intended for budget support and stabilization of the local currency, was officially credited to the Central Bank’s account on Tuesday, July 2, 2024. This disbursement follows the IMF Executive Board’s approval of the second review ...

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CLOGSAG announces nationwide strike over new salary structure

The Civil and Local Government Staff Association of Ghana (CLOGSAG) has announced a nationwide strike starting Wednesday, July 3, 2024. The Association expressed frustration over the government’s failure to implement the new salary structure approved by the Fair Wages and Salaries Commission, despite a Memorandum of Understanding (MOU) being reached one and a half years ago. Speaking to the media, ...

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We’ll not participate in vetting of Dep Trade Minister-designate – Minority

The Minority in Parliament has announced that its members will not participate in the vetting of President Nana Addo Dankwa Akufo-Addo’s nominee for the position of Deputy Minister for Trade and Industry. This decision, revealed in a press statement on Tuesday, 2 July 2024, is driven by the Caucus’s frustration with the current size of the Akufo-Addo/Bawumia government and its ...

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Never in our history has Ghana gone to the IMF and needed even $1.5b; $3m bailout under Akufo-Addo unprecedented – NDC MP

In a scathing critique of the current administration’s financial stewardship, Eric Opoku, the Member of Parliament for Asunafo South, has highlighted the unprecedented financial aid recommendation from the International Monetary Fund (IMF) as evidence of Ghana’s dire economic straits under President Akufo-Addo’s leadership. According to the politician, Ghana first approached the IMF for assistance three months after the overthrow of ...

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Plot to remove IGP: Investigative committee members divided over final report

Deep cracks are emerging among members of a special committee instituted by Parliament to investigate the contents of a leaked audio tape on which some senior police officers are heard allegedly plotting with a former New Patriotic Party regional chairman to remove the Inspector General of Police (IGP) George Akuffo Dampare from office. These cracks follow the presentation of the ...

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Full text: Finance Minister’s address on IMF deal, other issues on economy

On Monday, July 1, Finance Minister Dr Mohammed Amin Adam addressed Ghanaians on the economy and the International Monetary Fund (IMF) deal as part of the ministry’s monthly media update on the economy. Highlighting key points, he mentioned that Ghana’s economy is showing strong signs of recovery. Additionally, he noted that the depreciation of the local currency against major trading ...

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