NEWS

Sinohydro Arrangement Is Innovative Outside-The-Box-Thinking – Bawumia

The decision by the Nana Akufo-Addo government to enter into a $2 billion Bauxite for Infrastructure barter arrangement with the Sinohydro Corporation of China is an example of the innovative, out-of-the-box thinking influencing the government’s approach to national development, Vice President Dr Mahamudu Bawumia, has indicated. This arrangement seeks to leverage a fraction of Ghana’s bauxite resources to address the ...

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NDC race: Koku Anyidoho not fit for General Secretary position – Appiah Stadium

An activist of the opposition National Democratic Congress (NDC), Frank Kawaka Appiah, aka Appiah Stadium, says it will be wrong on the part of delegates of the umbrella family to vote for the former Communications Director at the Presidency, Koku Anyidoho, as the General Secretary of the party going into elections 2020. Mr. Anyidoho, who is currently a deputy General ...

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Nearly GHS700m debt stifles GRIDCo power transmission

Power transmitter, Ghana Grid Company (GRIDCo) is struggling to operate due to the failure of as many as 39 companies to pay for services provided. The Electricity Company of Ghana (ECG) is one of the major debtors with an outstanding amount of GHS 694 million. GRIDCo says the debt situation has caused a reduction in energy transmitted and triggered inadequate ...

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Postpone SHS reopening date – GNAT urges govt

The Ghana National Association of Teachers (GNAT) is calling for an extension of the reopening date for Senior High Schools (SHSs). General Secretary of GNAT, David Ofori Akyeampong wants the government to consider a postponement proposal because it will give students and parents more time to prepare adequately. According to him, the duration between the release of the results and ...

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Minority not backing Adongo’s boycott – Fifi Kwetey

NDC MP for Ketu South, Fifi Kwetey, has said the decision of his fellow National Democratic Congress (NDC) MP, Isaac Adongo, to boycott of the parliamentary probe into the banking sector crisis is not supported by the Minority Caucus. Mr. Adongo, a member of Parliament’s Finance Committee, stormed out of the first hearing on Wednesday describing it as a “rubber ...

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Out of control Ford car kills mother of three, maims 8 others in Accra

A mother of three died instantly while eight others were injured after an alleged out of control Ford Caravan hit them Wednesday afternoon in Accra. The incident happened at the National Guard Unit (formerly Airport Mobile Police Barracks) near 37. Some of the injuries were deemed life-threatening by the police. The deceased, Selena Twum Ampofo, 39, a “chop bar” operator ...

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China’s $2bn bauxite facility: Lessons from the infamous CDB $3bn loan

Ghana, like any other resource-rich country, has the right to leverage its natural resources for its development. Accordingly, the ruling NPP government is seeking to swap bauxite for infrastructure with China under the Sinohydro-Ghana infrastructure-for-bauxite agreement signed in Beijing this week. Under this agreement, China through Sinohydro will construct $2 billion worth of roads, hospitals, bridges and other infrastructure in ...

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BoG Solely Responsible For Banking Crisis – Jinapor

Former Deputy Power Minister and a Member of the Finance Committee John Jinapor says the Bank of Ghana is solely responsible for the crisis in the banking sector leading to the collapse of some seven indigenous banks. His comments followed the appearance of the governor of the central bank, Dr Ernest Addison and officials of the Finance Ministry before the ...

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IMF Bailout: Gov’t Will Maintain Fiscal Discipline – Bawumia

Ghana will maintain fiscal discipline after the expiration of the International Monetary Fund’s (IMF) $918 million bailout to ensure that the economy does not slip into decline, Vice President Mahamudu Bawumia has said. Speaking at the 2018 Ghana Economic Forum under the theme; “Building a Competitive Economy for Sustainable Growth”, at the Movenpick Hotel, the Vice President said the Akufo-Addo ...

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