NEWS

Within a space of two years, the Akufo-Addo government has added GHS80 billion to Ghana’s debt stock, the Minority in parliament has said, adding that the fall of the local currency, the cedi, alone, added GHS15.3 billion to the bill. The tottering cedi almost hit the $1: GHS6 mark this month but made some gains to hover at $1: GHS5.65 ...

Commission of Inquiry into the Ayawaso West Wuogon electoral violence has said, it declined to hear the testimony of TV presenter Paul Adom Otchere because his testimony was not relevant to it. The Executive Secretary to the Commission Ernest Kofi Abotsi said on Joy News’ PM Express Monday, Adom Otchere did not tick any of the boxes described as “factors ...

The founder and leader of Glorious Wave Church International, Prophet Emmanuel Badu Kobi has taken a swipe at Rev. Owusu Bempah for calling himself the Nation’s Prophet in the country. In an interview with Okatakyie Kwame Afrifa popularly known as Nana Cabum on Accra based Happy FM, Badu Kobi revealed that for one to hold himself as a Nations’s prophet ...

In 1918 after supposedly receiving a vision from God to move to the United States and help the African-African community return to the promised land of Africa, Laura Adorkor Kofi left everything in Ghana and moved to the U.S. to start her duty as a Godsent prophet to the blacks in the diaspora. Popularly known as Mother Kofi or Mama ...

Ghana Cocoa Board (Cocobod) has sealed a new three-year receivables-backed trade finance facility of US$300 million. The facility will be used to refinance Cocoa Bills raised by Bank of Ghana on behalf of Cocobod and to finance production enhancement programmes. Speaking about the new facility, the CEO of Ghana Cocoa Board Joseph Boahen Aidoo, said: “Ghana Cocoa Board is pleased ...

Ghana’s Industrial and Commercial Workers’ Union (ICU) has observed times are hard in the country and expressed dismay government has not fixed the economy as expected halfway into the given four-year term. The concerns were registered when the national leadership and the Upper East Regional Council of the union held a general meeting in the Upper East regional capital, Bolgatanga. ...

Online giant Google has written to Ghana over last Friday’s glitch which saw the Cedi to dollar rate weighing as much as four times the accurate figure. Google currency last Friday March 15,2019 displayed a dollar was about GHC22 when the actual rate was around GHC5.8 to the dollar. In a statement to the Finance minister, google said: ‘We always ...

The Central Regional Executives of the ruling New Patriotic Party(NPP) have expressed gratitude to maverick Member of Parliament for Assin Central and party financier, Ken Agyapong for rescinding his decision to quit politics. The loudmouthed Legislator addressing party supporters at Nyankumasi within his constituency at the weekend announced that he was exiting politics because he feels cheated and insulted by ...

Deputy Minister of Finance has reiterated government’s support for the National Insurance Commission (NIC) in its quest to recapitalize the insurance industry through increasing of the minimum capital requirements. Kweku Kwarteng said the sector plays a key role in the financial services sector hence the need for a strong foundation to deliver on its mandate. He was speaking at the ...

The Asantehene Otumfuo Osei Tutu has warned queen mothers in Ashanti Kingdom against the formation of associations that are intended to undermine the authority of chiefs. He said he has observed recent developments where queen mothers form associations and then travel to Accra to meet government officials for validation. Addressing the Asanteman council at the Manhyia palace Monday, the Monarch ...