NEWS

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 ...

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 ...

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 ...

Finance Minister Ken Ofori-Atta has suggested a reevaluation of discussions on the National Cathedral’s construction, emphasising its potential to drive economic growth. Speaking at the Ghana Tourism Investment Summit 2023, at the Labadi Beach Hotel, he said the edifice was a strategic investment to boost the nation’s tourism sector. He explained that the cathedral could easily become a pilgrimage destination ...

The Deputy Minority leader, Emmanuel Armah-Kofi Buah, has reacted to announcements by Sunon Asogli Power (Ghana) Limited to shut down its plant for a week. In a writeup, the Deputy Minority leader, noted the “unfortunate but unsurprising development” is indicative of the gross mismanagement that has plagued the energy sector under the Akufo-Addo-led government. According to the deputy minority leader, ...

In Effutu in the Central Region, disgruntled residents have taken to the streets, adorned in red attire, to express their discontent over allegations of a potential sale of the Ramsar site in Winneba to investors for mining purposes. The contested site, crucial for the annual Aboakyire festival’s deer hunting tradition, has prompted concerns that its sale may jeopardise the festival. ...

The government raised ¢15.32 billion in Treasury bills in November 2023, across the 91 to 364-day bills to cover matured bills worth ¢10.60 billion . This is a 17.0% increase over the month of October 2023. Notably, the 364-day bill attracted significant investor interest with aggregate bids reaching ¢2.72 billion. However, the T-bill yields registered an average decline of 0.05%, ...

Spokesperson of Former President John Dramani Mahama, Joyce Bawah Mogtari has said that Ghana deserves better in the Lithium agreement that has been signed. The private legal practitioner stated that after reviewing the agreement, many believe it is unfairly skewed against Ghana. “Thank you, retired Chief Justice Sophia Akuffo, for the very nationalistic and futuristic commentary on the Lithium Mining ...

Independent power producer, Sunon Asogli Power (Ghana) Limited, has said it has suspended for one more week the decision to shut down its plant. The company on Monday evening announced an indefinite shut down of its 560 Megawatts power plant due to the outstanding debt owed it by the Electricity Company of Ghana (ECG). A statement issued on Monday, December ...

A former Member of Parliament for Tamale Central, Inusah Fuseini, says the approach the country adopted in the fight against illegal mining shows that the country was not determined to end the illegal mining menace. According to him, the sentence handed to a known illegal mining kingpin, Aisha Huang, shows that the country is not serious about ending the menace. ...