NEWS

Gold mining company AngloGold Ashanti has advised its shareholders to expect a considerable decrease in earnings for the six months ended June 30. The company, which is set to publish its interim results on August 4, expects to report an 82% to 92% year-on-year decrease in basic earnings, compared with the $298-million reported for the first half of 2022. Similarly, ...

The Director of Operations at Dalex Finance, Joe Jackson, says it is not enough for the Finance Minister to just say that government is spending less when there is still a number of arrears and debts piled up to be paid. Speaking on Joy FM’s Super Morning Show, he mentioned that government has incurred a lot of debts and arrears ...

Tricycle operators in the Ashanti Region have escalated their protest against a directive to restrict their movement in parts of the Central Business District as the Kumasi Metropolitan Assembly vows to implement the policy. The tricycle operators on Wednesday, August 2, took to the streets and blocked a major road leading to Kejetia, causing significant disruptions to traffic and daily ...

Two more suspects have been arrested in the ongoing investigations into the stolen funds from the residence of the former Sanitation Minister, Cecilia Dapaah. This was revealed in court on Wednesday, August 2, by police prosecutor DSP Emmanuel Nyamekye when the case was called. Five persons including two house helps of the former Aviation Minister were initially arrested for allegedly ...

The Director of Research at the Bank of Ghana (BoG) Dr Phillip Otoo has said that he does not share in the views that the Governor of the central bank Dr Ernest Addison should resign because of the GHS60.8 billion loss. He said that the factors that accounted for the loss were not the doing of the Governor. Asked whether ...

The GUTA President, Dr Joseph Obeng has expressed disappointment at the 2023 mid-year budget. According to him, despite the fact that no new taxes were introduced, they expected some existing ones to have been scrapped or the rates reduced. “The budget did not touch on the high cost involved in doing business, no revision on taxes, high interest rate and ...

The Governing Council of the University of Education, Winneba, has appointed Professor Stephen Jobson Mitchual as the next Vice-Chancellor of the University of Education, Winneba. Prof. Mitchual takes office on 1st October 2023. He comes with over 20 years of teaching and administrative experience in the Higher Education sector. Prof. Mitchual holds a PhD in Wood Science and Technology obtained ...

The Bank of Ghana (BoG) has rejected claims that the GH¢60 billion losses it recorded in 2022 were a result of recklessness. “What we are seeing on the balance sheets of BoG is not as a result of reckless policy, or bad decisions but the direct impact from DDEP. We can say [BoG] policy has been suboptimal. Suboptimal in the ...

The former president of Ivory Coast Henri Konan Bédié has died. He was 89. Mr Bédié took over as the country’s second head of state after the death of Felix Houphouet-Boigny in 1993. But allegations of widespread corruption and an economic slump led to him being ousted in a military coup in 1999. Despite being born into a relatively poor ...

Medeama will in October travel to the United States where they will face Major League Soccer club DC United in a friendly. The match is scheduled for October 14 at Audi Field, a venue confirmed by DC United on Tuesday. Ticket prices for the match have been unveiled and can be found on their official website. “D.C. United are thrilled ...