NEWS

A Professor at the University of Ghana Business School Godfred Bokpin has observed that the Bank of Ghana which is supposed to be the lender of a last resort is in need of a bailout programme from a government that is running a programme with the International Monetary Fund (IMF). He explained that if banks need liquidity support, they all ...

The exact location of what is thought to be the first English slave fort in Africa may have been found – the BBC has been hearing about the significance of the discovery in Ghana. Taking care, archaeologist Christopher DeCorse spreads the rare artefacts out on a makeshift table next to the dig site. A gunflint (used in old-fashioned guns), tobacco ...

Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has warned the government against actions that can disturb the release of the second tranche of the 3 billion IMF cash. This was after he said that the Mid-Year budget review that was presented by Finance Minister Ken Ofori-Atta was a rehash of the International Monetary Fund ...

The government of Ghana has initiated an alternative offer for pension funds exchange, inviting holders of domestic notes and bonds from the central government, E.S.L.A Plc, and Daakye Trust Plc. The aim is to exchange approximately GHS 31 billion principal amount of eligible bonds for a package of new bonds. In a statement released on Monday, 31 July 2023, the ...

Mr Joseph Yeebo Sampana, the fifth prosecution witness in the trial of Prince Kofi Amoabeng, Chief Executive Officer of the defunct UT Bank Ghana, others said the three of Ghana Exim Bank’s investments with the UT Bank were consolidated by the GCB. He said these investments amounted to GH₵ 25,877,825 and aside from that amount, GCB also took over another ...

The Bank of Ghana lack funds and, thus, cannot perfrom its monetary policy role without printing more money, Mr Isaac Adongo, the Ranking Member of Parliament’s Finance Committee has said. Reacting to an audit report that revealed that the central bank lost GH¢60 billion through the debt restructuring exercise, Mr Adongo told journalists after Finance Minister Ken Ofori-Atta delivered his ...

A Deputy Finance Minister, Abena Osei-Asare has justified the GH¢20 billion cut in expenditure saying it is enough for the country in its current state. The Finance Minister, Ken Ofori-Atta presenting the mid-year budget review in Parliament on Monday said the government was proposing a downward revision of the Appropriation from GH¢227.7 billion as presented and approved in November 2022 ...

Otumfuo Osei Tutu II, the Asantehene, has undertaken a momentous courtesy visit to the President of Trinidad and Tobago, Christine Carla Kangaloo O. R. T. T. During this special occasion, several prominent figures were present, including President Kangaloo’s husband, Kerwyn Garcia, Senator Dr. Amery Browne, the Minister of Foreign and CARICOM Affairs, and Rita Toussaint, the Permanent Secretary of the ...

Member of Parliament for Bolgatanga Central Constituency Isaac Adongo says he had to wake up to wake his colleagues up while Finance Minister Ken Ofori-Atta was reading the mid-year budget review in Parliament on Monday, July 31. He said all those who were shouting ‘Yeah yeah’ were actually sleeping during the presentation. The National Democratic Congress (NDC) made this known ...

The 2004 Class of the Mfantsipim Old Boys Association (MOBA ‘04) has launched a Trust Fund that seeks to raise GH₵2 million to support their alma mater. The trust fund, according to the President of MOBA ’04, Samuel Menyah Asah-Kissiedu, is to finance the school’s forthcoming 2024 Speech and Prize Giving Day as well as the commemoration of Mfantsipim School’s ...