NEWS

Former President John Dramani Mahama has said that Former Finance Minister Dr Kwabena Duffuor has called to congratulate him for winning the National Democratic Congress (NDC) presidential primaries last Saturday, May 13. He also said Mr Kojo Bonsu has also done the same thing. Mr Mahama tweeted “Both Dr. Kwabena Duffour and Kojo Bonsu have called to congratulate me for ...

Staff of GIHOC Distilleries Limited in Accra, are demanding the immediate removal of the Managing Director, Maxwell Kofi Jumah over mismanagement. The workers who embarked on a protest at the premises of the company amidst heavy police presence on Tuesday, May 16 insist that their salaries have been in arrears for the past three months. They also allege that their ...

Ningo Prampram Lawmaker Samuel Nartey George has said the security must invite Madam Juliana Kinang-Wassan, one of the parliamentary aspirants for the Ejura Sekyedumase Constituency, who was seen spraying money at a crowd during the National Democratic Congress (NDC) presidential and parliamentary elections on Saturday, May 13 at Ejura Sekyedumase, in the Ashanti Region. Sam George described her action as ...

A Financial Analyst and Chief Operations Officer at Dalex Finance Mr Joe Jackson has said local financial institutions need to be supported in order to stay in business. Otherwise, he said, the financial sector will remain in the hands of expatriate investors. However, he said, supporting the local banks does not mean the standard should be lowered. In his view, ...

The Ghanaian entertainment industry has been thrown into a state of mourning after it was announced that legendary figure, Akwaboah Snr and the father of renowned singer Akwaboah Jnr. has passed on. The “Obiaa” singer took to his Twitter account and other social media platforms to break the news to his fans. “RIP Daddy 😭” he captioned a photo. LEARN ...

Former Finance Minister and one-time presidential aspirant of the National Democratic Congress, (NDC) Dr Kwabena Duffuor has categorically dismissed claims that he intends to resign from the main opposition party and form a new political party. Dr Duffuor in a statement expressed his commitment to the NDC and called for unity ahead of the 2024 general elections. “I have become ...

There are still some local banks and other financial institutions in Ghana that are operating but are in deep trouble, Chief Operations Officer of Dalex Finance Mr Joe Jackson. He asked whether the Bank of Ghana (BoG) is going to identify these banks and provide support for them or not. He said while reacting to a promise by the newly-elected ...

Some of the banks that went down during the clean-up exercise undertaken by the Bank of Ghana (BoG) were obviously going through deep troubles, Financial Analyst, Mr Joe Jackson has said. He described those banks as rotten. It is recalled that some local banks collapsed when the central bank revised the minimum paid-up capital for existing banks and new entrants ...

Banks, following the domestic debt exchange programme, have recorded huge losses in the first quarter of the year. According to Chief Executive Officer of the Ghana Association of Banks, John Awuah, while the banks had anticipated such significant losses, they had taken a strategic position by agreeing to the DDEP. Describing the process of signing onto the programme as a ...

The Pensioners Bondholders exempted from the government’s Domestic Debt Exchange Programme (DDEP) will today, Friday, April 28, resume its picketing at the premises of the Ministry of Finance. The resumption of their action is due to the government’s failure to pay all outstanding coupons and principals of bond investments. In a statement signed by its Convener, Dr. Adu Anane Antwi, ...