NEWS

The Government of Ghana has been told to tell Ghanaians how much has been accrued from higher-than-budgeted oil prices. The government has also been asked to explain why it is not using part of it to subsidise pump prices that threaten the economy and livelihoods. Tus comes at a time the Minority in Parliament has sked the government to cushion ...

Political strategist and a Deputy Communications Director of the New Patriotic (NPP) Ernest Owusu Bempah has rubbished claims that Gyankroma Akufo-Addo, daughter of President Nana Addo Dankwa is taking undue advantage of her father to grab juicy government contract. It has been alleged in some quarters that the state paid her $25 million Gyankroma Akufo-Addo to paint parts of the ...

The All Teachers Alliance Ghana (ATAG) has told the Ghana National Association of Teachers (GNAT), the National Association of Graduate Teachers (NAGRAT) and other teacher unions that have rejected the appointment of a new Director General of the Ghana Education Service (GES), Dr Eric Nkansah that, teachers in Ghana have more important needs that should be solved, not the appointment ...

A Professor of Applied Economics at Johns Hopkins University, Professor Steve H. Hanke, has pegged Ghana’s inflation rate at 148%. This is against the current inflation rate (September 2022) of 37.2%. Reacting to President Akufo-Addo’s speech about reviving the ailing economy, the American Economist who is a hard critic of the country described the President address as “dreaming”. In a ...

The Ghana Revenue Authority (GRA) has explained that customs valuation primarily relies on the first (1st) out of the six (6) methods of valuation provided under the WTO valuation methods, which is the Transactional value. A statement issued by GRA, said, “Goods are benchmarked to the prevailing world prices as a risk management tool, to reflect the true market dynamics ...

The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) has unanimously increased the Bank’s authorised capital from $1.5 billion to $3.5 billion with effect from January 2023. The Governors also called for the third tranche of the capital of the bank which is in the sum of $438 million. The Board of Governors which comprises the ...

A snap opinion poll by Global InfoAnalytics shows that more than half of respondents are in favor of calls for the President, Nana Addo Dankwa Akufo-Addo to step down. While 54 percent were in support of the call, 40 percent were against it, with the remaining six percent saying they did not have any opinion on the subject matter. On ...

Ghana’s Budget Statement and the Economic Policy for 2023 may not be read on November 15, as scheduled. Majority Leader Osei Kyei-Mensah-Bonsu has revealed that the current negotiation with the International Monetary Fund (IMF) may delay the presentation. The Public Financial Management Act mandates that the budget is presented next two weeks. However, as negotiations between the Finance Minister and ...

The brother of President Nana Akufo-Addo says he has used the Presidential Jet with President Akufo-Addo “two or three times”. This was Edward Akufo-Addo’s response to a question posed by Victor Adawudu at an Accra High Court. Mr Adawudu is the lawyer for the Executive Director of the Alliance for Social Equity and Public Accountability (ASEPA), Mensah Thompson. Mr Thompson ...

Jumia Ghana has said it will complement government’s efforts to ensure a stable inflation by providing exclusive offers on all of its product to consumers. This, according to Head of Customer Experience, Abigail Ayisi Oforiwaa, is a strategic vision to reduce the burden on citizens through offering high quality products and goods at competitive prices. Speaking to Joy Business at ...