NEWS

Convener of the Individual Bondholders Forum (IBF) Senyo Hosi, has said regarding the domestic debt exchange programme that in an unfortunate oppressive fashion, the government has shown total disregard for the contractual rights of Individual bondholders and has made no effort to structure reasonable consultations with individual bondholders. In the process, the IBF said, Ghanaians have been presented with painfully ...

The West African Gas Pipeline Company Limited (WAPCo), has said it will undertake a coordinated and planned 10-day maintenance shutdown of its Takoradi Regulating and Metering Station. This shutdown, scheduled for 12th to 22nd January 2023, is to allow for the replacement of some critical valves at the facility aimed at securing the safety and integrity of the Takoradi Station, ...

The government’s debt exchange programme is experiencing strong pushback from individual bondholders who say the government has not provided them with the requisite information to make an educated decision. According to some individual bondholders interviewed on JoyNews’ PM Express, the government has intentionally held back information, and instead is coercing them into signing onto the exchange blindly. One bondholder, Samuel ...

JoyNews sources say that Minister for Food and Agricultural Minister, Dr Owusu Afriyie Akoto may tender his resignation today. This comes four days after Trade Minister, Alan John Kwadwo Kyerematen, resigned from the government. It is not clear yet the rationale behind Dr Akoto’s expected move. Presidential Affairs correspondent, Elton Brobbey, says the Minister is expected to meet President Akufo-Addo ...

The Health Minister, Kwaku Agyemang Manu, has revealed that engagements are underway to send trained Ghanaian nurses to the United Kingdom (UK) to work. According to him, there is an ongoing bilateral contract with the British government in exchange for financial consideration. During the 2023 Budget debate in Parliament on Monday, the Dormaa Central legislator said the agreement will be ...

The Ghana Registered Nurses and Midwives Association (GRNMA) is rejecting the government’s debt exchange programme. The Association says government denying pensioners access to their tier 3 funds after 5-15 years of waiting for maturity on their investments is unacceptable. In a statement signed by the President of GRNMA, Perpetual Ofori Ampofo, the group described the debt exchange program as unfair, ...

The Trades Union Congress (TUC) has raised concerns about government’s failure to engage labour unions before launching its Domestic Debt Exchange programme. TUC says it was gravely concerned about the government’s programme because of its potential negative impact on worker’s pensions. The TUC’s reaction followed the government’s move to rely on a softer payment plan with institutions and individuals who ...

Pressure group, Arise Ghana is expected to embark on a protest today, December 6, 2022, over the economic hardships in the country. The group says the protest will continue until Parliament finalizes the motion of censure against Finance Minister, Ken Ofori-Atta and concludes the debate on the 2023 budget. The group had intended to picket from November 15 to 17, ...

Former Deputy Managing Director of the National Investment Bank (NIB), Alfred Thompson has said that main opposition are unable to give alternative ideas after rejecting the Debt Exchange programme announced by the Finance Minister Ken Ofori-Atta. He questioned what the ideas of the National Democratic Congress (NDC) are in managing the economy. Speaking on the Big Issue with Berla Mundi ...

An aspiring Parliamentary Candidate for the National Democratic Congress (NDC) in the Bantama Constituency, Kwadwo Addai Dapaah, has indicated that the party is prepared to battle it all out with the incumbent New Patriotic Party (NPP) for the seat. Mr Addai Dapaah explained that this will be in line with his party’s ultimate goal to cling power in 2024 to ...