NEWS

Majority caucus in Parliament anger has been heightened following oversight responsibility given to the embattled Finance Minister, Ken Ofori-Atta as caretaker Minister of the Ministry of Trade and Industry by President Nana Addo Dankwa Akufo-Addo The caucus would be holding a crunch meeting when parliament returns from recess to determine their next line of actions on their demand for the ...

Government after several negotiations with Organised Labour has increased base pay for the 2023 financial year by 30%. The increment takes effect from January 1, 2023. This follows a meeting with Organised Labour on Thursday, January 12 after ten unsuccessful negotiations between both parties. “The base pay has been increased by 30% for the 2023 financial year…As I said this ...

National Chairman of opposition National Democratic Congress (NDC) Johnson Asiedu Nketia says concerns of misunderstandings that are leading to division among party members are being resolved in a harmonious manner. Leadership of the party including national and regional executives, and also Council of Elders have been meeting in Kumasi to reconcile feuding factions in the party. This, according to Asiedu ...

The National Petroleum Authority (NPA) has revoked the licenses of 30 Oil Marketing Companies (OMCs) for breaching the regulations of the industry. Some of the OMCs are said to owe the government over ¢400 million cedis in the form of unpaid taxes by the end 0f 2022. A list of the companies published by the NPA said the licenses of ...

President Akufo-Addo has intervened in the dismissal of the eight female students of China Senior High School. A statement from the Education Ministry on Friday revealed that the President made the move after his attention was drawn to it. Accordingly, the Minister for Education, Dr Yaw Osei Adutwum has directed Ghana Education Service (GES) to revise its decision, the statement ...

The Metropolitan Archbishop of the Anglican Church in charge of the province of West Africa has criticised persons who are against the success of President Akufo-Addo and the country. Most Rev. Dr Cyril Ben Smith at a New Year service at the Jubilee House on Tuesday urged Ghanaians to support the President in prayers in difficult and good times. He ...

The implementation of the revised Electronic Transfer levy (E-Levy) rate of 1% kicks off today, Wednesday, January 11. The Ghana Chamber of Telecommunications has announced its preparedness to implement the new rate. The service providers are Airtel Mobile Commerce (Ghana) Limited, GCB G-Money, Mobile Money Limited, Vodafone Mobile Financial Services Limited and Zeepay Ghana Limited. In a press release issued ...

The rate of inflation for December 2022 was 54.1 per cent, the Ghana Statistical Service (GSS) has announced on Wednesday January 11. This is up from the 40.4 per cent recorded in November same year. The month-on-month inflation rate was at 3.8% in December 2022. According to the figures, five divisions recorded inflation rates higher than the national average. Housing, ...

The Ministry of Finance has restated that eligible bondholders who refuse to participate in government’s debt exchange programme will not benefit from the new arrangement outlined by government in case there is default in payment. Government, is seeking an International Monetary Fund Programme that requires a debt restructuring before a deal could be reached with the Bretton Wood institution. Bondholders ...

Total market turnover on the bond market increased by 150.30% to ¢1.17 billion during the week under review as more bond transfers were recorded. The bond transfers are said to be in preparation for the Domestic Debt Exchange programme. Fund managers in recent times have been moving funds from one account to another as investors consider the Domestic Debt Exchange ...