NEWS

Don’t go back to sleep after Friday – ECG charged

The Institute for Energy (IES) has charged the Electricity Company of Ghana (ECG) not to go back to sleep in collecting debts as the company’s revenue exercise ends on Friday, April 21. ECG’s month-long revenue mobilization exercise will come to an end on Friday with the company recouping more than GH¢2 billion out of the GH¢5.7 billion debt owed it. ...

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I have received calls to stop disconnection exercise – ECG boss

The Managing Director of the Electricity Company Ghana (ECG) has revealed that he has received calls to stop the disconnection exercise they are embarking on to retrieve unpaid debts. According to Samuel Dubik Mahama, the calls he received are from friends, power brokers, and politicians. He said the request made is “can you hold off?” The ECG boss made this ...

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Fomena, Assin Bereku health centers get medical support

The Fomena and Assin Bereku health centers in the Ashanti Region and Central Region of Ghana respectively have received assorted medical supplies worth GH¢60,000 in a donation made by the First Baptist Congregation Church, Chicago USA in collaboration with Christians Helping Children International (CHCI) NGO, Ghana. The Senior Pastor of the First Baptist Congregation Church, Rev. Dr. George W. Daniels, ...

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Bridget Otoo’s horrifying story of how her car was nearly snatched on Tema motorway

Media personality and journalist, Bridget Otoo, has shared the harrowing experience of how she escaped a car-snatching syndicate on the Accra-Tema motorway. According to her, the syndicate was made up of three suspects in a black Hyundai Elantra car, with one of them dressed like a mechanic. The broadcaster told her Twitter followers that she would have lost her car ...

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2022: Newmont pays ₵2.76bn to Ghana gov’t in taxes, royalty, carried interest

Mining giant Newmont made a total payment of GHS2.76 billion to the government of Ghana for the full-year 2022. The amount includes corporate tax (GHS1.530.9 million), mineral royalty (GHS548.3 million), and carried interest (GHS222.1 million). The rest include PAYE (GHS261.3 million), withholding tax (GHS164.5 million) and forestry levy (GHS35.5 million). Newmont, in an advertorial, said: “During the fourth quarter of ...

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Ofori-Atta leaves for China for crucial debt restructuring negotiations

Finance Minister Ken Ofori Atta has left Accra for China to have negotiations on debt restructuring with officials of that country. Sources say the Minister left over the weekend via Addis Ababa where he is attending the UNECA High-Level Ministers meeting on Global Financial Architecture. After that meeting, Mr Ofori-Atta is expected to head to China, possibly on March 22, ...

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Don’t delay any more in paying our coupons – Pensioners warn gov’t despite receiving payments

The Pensioners Bondholders Forum has confirmed that members have been receiving payments on matured coupons and principals since Tuesday, March 14 as promised by the Ministry of Finance. “We, however, wish to state that as much as we recognize the efforts of the Government to pay all outstanding coupons and principals of the old bonds, we reiterate that pensioners were ...

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