The Government of Ghana and the Ghana Association of Banks (GAB) have made a headway on the terms of participation of Banks in the Domestic Debt Exchange Programme (DDEP). The new agreement includes final improvements to the terms of the programme. These include; an agreement to pay a 5% coupon for 2023 and a single coupon rate for each of ...
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A-G Report: NDC vindicated on reckless use of COVID funds – Segbefia
Former Minister of Health under the John Mahama administration, Alex Segbefia says the National Democratic Congress (NDC) feels vindicated following the findings of the Auditor General’s Report. The Auditor General’s special report on Ghana’s COVID 19 expenditure has revealed some huge payment made by the Ministry of Health. According to the report, the Ministry paid over 10 million cedis in ...
Read More »Duncan Williams, Eastwood Anaba call for suspension of National Cathedral construction until independent audit
Two eminent clergymen and members of the Board of Trustees of the controversial National Cathedral project have called for its immediate suspension and audit. The two – Archbishop Duncan Williams and Reverend Eastwood Anaba say their call is based on the controversies surrounding the project. According to them, the suspension will pave the way for transparency and accountability to be ...
Read More »Silence on ‘bad governance’ resulting in bitter lessons – Asiedu Nketia tells Ghanaians
The National Chairman of the opposition National Democratic Congress (NDC), Johnson Asiedu Nketiah has called on Ghanaians not to sit aloof on the bad governance by this current administration. His comment comes on the back of damning revelations from the 2022 Auditor General’s Report on COVID-19. According to the A-G, a total of ¢21,844,189,185.24 was mobilised for the fight against ...
Read More »COVID-19 Audit report: Pandemic was pure harvest by Gov’t – ASEPA
The Executive Director of the Alliance For Social Equity and Public Accountability (ASEPA), Mensah Thompson, wants government to apologize to Ghanaians for the mismanagement of the economy under the guise of the ravages of Covid-19 pandemic. “Of course there’s no doubt about the impact of Covid-19 on the private sector as a lot of the Covid measures brought about major ...
Read More »Galamsey: Catholic Bishop upset about continuous involvement of Chinese
The Bishop of Koforidua Diocese of the Catholic, Most Rev. Joseph Afrifa Agyekum is upset about the continuous involvement of Chinese in illegal mining in Ghana despite government’s assurance of fighting the menace. The Bishop was visibly angry when he referenced recent news report that over seventy acres of cocoa farms as well as water bodies at Adum Dominase in ...
Read More »Rev Kusi Boateng’s JNS has never paid taxes neither have they ever filed annual tax returns – Ablakwa
North Tongu Member of Parliament Samuel kudzeto Ablakwa has said Secretary of the Board of Trustees of the National Cathedral Rev. Victor Kusi Boateng’s “new insurance company registered only last week under the ever flagitious Kwabena Adu Gyamfi exposed.” In a tweet, he said “Conflict of interest vehicle — JNS has never paid taxes neither have they ever filed annual ...
Read More »NPP mourns Leopowura Alhaji MND Jawula
The New Patriotic Party (NPP) has expressed condolences to the family of “long-standing” and “staunch” member Alhaji Mohammed Nuru Deen Jawula, who died in the US after a short-illness on Saturday, January 21. In a statement signed by the ruling party’s General Secretary, Justin Frimpong Kodua, Alhaji Jawula was in 2008 shortlisted to be running mate for Nana Addo Dankwa ...
Read More »¢10bn of Covid-19 funds was spent on ‘budget support’ – Auditor-General’s report
The Auditor-General has disclosed that the government spent ¢10 billion of monies mobilised for Covid-19 activities on budget support. According to the A-G, a total of ¢21,844,189,185.24 was mobilised for the fight against the pandemic. However, out of this amount, only ¢11,750,683,059.11 was spent on curbing the spread of the virus. The A-G said the rest, per its records, was ...
Read More »Debt exchange: You can’t bully bondholders – Kofi Bentil tells government
The Vice President of policy think tank, IMANI Africa, has lambasted government over its handling of the debt exchange programme. Kofi Bentil said government has been arrogant in its approach to the exercise and must be called out. In a Facebook post on Saturday, Mr Bentil said the bondholders have a right to their monies and must be respected. According ...
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