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IMF warns ‘Ghana’s risk of debt distress classification’ still remains high

The International Monetary Fund (IMF) is warning that Ghana’s risk of debt distress classification still remains high.  This was after the Fund carried out the...

Issue 2020 Eurobond to salvage cedi — Economists

The government should issue Eurobond quickly in the first quarter of the year and use the foreign exchange (forex) to cushion the cedi from further depreciating...

Dangote ends 2019 $4.3 billion better off

Aliko Dangote, Africa’s richest man, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and...

BOST loses ¢194,760 in Buipe Depot Truck Park incident

Bulk Oil Storage and Transportation Company Limited (BOST) has said it lost product worth ¢194,760 in the Buipe Depot Truck Park fire incident.  The company...

BoG reacts to Mahama’s comment about new GH¢100, GH¢200 banknotes

The Bank of Ghana has said the introduction of the new higher denomination banknotes it issued recently was the result of a well-thought-out currency...

We’ll force foreigners to comply with our laws – GUTA

The Ghana Union of Traders Association (GUTA) is not relenting in its efforts to ensure foreign traders comply with local laws. The group says it...

Kantanka to produce electric ‘Aboboyaa’ by mid 2020

Kantanka Group of companies, the Ghanaian automobile-manufacturing company will begin the production of electronic tricycles, commonly known in Ghana as 'Aboboyaa', by the middle...

SSNIT increases pensions by 11 % in 2020

The Social Security and National Insurance Trust (SSNIT) has announced an increase in pensions by at least 11% for 2020.  Director-General of SSNIT, Dr John...

Yumvita thrills families in Koforidua

It was all joy and fun over the past weekend as Yumvita thrilled hundreds of families to an exciting festive celebration in the Eastern...

EIU predicts reduction of lending rates by Bank of Ghana

The Economist Intelligence Unit (EIU) has predicted that the Bank of Ghana (BoG) will lower its lending rate this year. In its latest country report,...

Mass immunisation of tilapia farms begins to fight spread of fish virus

The Ministry of Fisheries and Aquaculture Development has begun a mass immunization of fish farms in the country to fight the Infectious Spleen and...

2019 Audit to include assets, liabilities declaration by public officer holders

The Auditor-General has directed that all staff of the Ghana Audit Service and other firms auditing on his behalf to ensure that public officers...

WhatsApp to stop running on these phones from Tuesday, December 31

WhatsApp has said that its instant messaging app will stop working on all phones running Microsoft Windows OS from Tuesday, December 31. It should...

Ghanaians react to Kantanka’s aeroplane-like vehicle

Some Ghanaians seem not impressed with the aeroplane-like vehicle manufactured and outdoored by Founder and Leader of the Kristo Asafo Mission, Apostle Dr Ing....

Power restored to VALCO – Energy Ministry

The Energy Ministry has warned other State institutions that are indebted to the Ghana Grid Company Limited (GRIDCo) and other power transmission companies like...

GRA impounds three vehicles without proper invoices

The Ghana Revenue Authority (GRA) has impounded three vehicles with goods without proper invoices. The cars were seized when Debet Enforcement and Compliance Unit mounted check...

GRIDCo explains why it cut power supply to VALCO

Ghana Grid Company Limited (GRIDCo) has today, Monday, December 30, disconnected power supply to the Volta Aluminum Company Limited (VALCO) for failure to pay...

Why my father built ‘aeroplane’ vehicle – Kantanka CEO reveals

Chief Executive Officer (CEO) of Kantanka Automobile Company, Kwadwo Safo Jnr, has explained why his father, Apostle Dr Ing. Kwadwo Safo, built the aeroplane-like...

GRIDCo switches off VALCO over US$30 million debt

Ghana’s power transmission company, Ghana Grid Company Limited (GRIDCo), has disconnected power supply to the Volta Aluminum Company Limited (VALCO), following failure of the company to settle...

Customer confirms he has been paid by Menzgold [Listen]

Ernest Oppong, an aggrieved customer of Menzgold, has claimed that the embattled gold-dealership firm has refunded his locked up investments. He made the revelation...

BoG set to auction $715m in 2020

The Bank of Ghana (BoG) is set to auction $715 million in Forward Foreign Exchange Auctions throughout 2020.January, February and March 2020 are the...

We have paid 200 customers – Menzgold insists

Public Relations Officer of Menzgold, Nii Armah, has defended payment claims by the company to some aggrieved customers of the gold-dealership firm. SEE THIS: Angry...

Angry Menzgold customers threaten NAM 1 over ‘Awam’ payments [Listen]

Some aggrieved customers of troubled gold-trading firm, Menzgold Ghana Limited, have sworn to deal with the firm’s Chief Executive officer, Nana Appiah Mensah (NAM1),...

Ghana accepts to use new ECO currency

A press release from the Communications Directorate of the Jubilee House indicates the country’s acceptance and use of the new common currency of the...

About 200 Menzgold customers have received locked up cash – Management

Close to 200 customers of Menzgold Ghana Limited have received their locked-up funds. According to the management of the collapsed gold dealership firm, these customers...

Video: Bench that can change into table, chairs wows Ghanaians

A video of a bench that could be transformed into a table with two chairs has gone viral. The video, which was shared online, shows...

BoG urges Ghanaians to accept new cedi notes

The Bank of Ghana has encouraged businesses to accept the new 100 and 200 cedi notes as legal tender in their daily business transactions. It...

3,000 Groupe Nduom staff lose jobs – Nduom reveals in Christmas message

President and Chairman of Groupe Nduom has revealed that more than 3,000 employees lost their jobs in the banking sector crisis in 2019. Dr Papa...

CPA to sue DVLA over ‘illegal’ 23% levy hike

The Consumer Protection Agency (CPA) has hinted at instituting legal action against the Driver and Vehicle Licensing Authority (DVLA) over what it describes as...

ECG, GRIDCo assure of reliable power supply this Christmas

Power distributors, Ghana Grid Company (GRIDCo), the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCo), have assured Ghanaians of...

Bawumia reveals another digital move by NPP

Vice-President Dr Mahamudu Bawumia says that all the 275 ambulances imported by the Akufo-Addo administration will be digitised. He explained that through the digitalisation, all...

We won’t abandon 1D1F projects but…- Mahama

The flagbearer of the opposition National Democratic Congress has promised not to abandon President Nana Akufo-Addo’s projects if voted into office in 2020. Speaking in...

How TOR MD Isaac Osei was forced to vacate post, the inside story by IES

The Institute of Energy Security (IES) claims the immediate past Managing Director (MD) of the Tema Oil Refinery (TOR) was forced to leave his post...

Aggrieved customers of Menzgold want three-year payment plan revised

The Coalition of Aggrieved Customers of Menzgold has kicked against the three-year payment plan for investors’ locked up investments. READ THIS: CJ nominee to...

1 District 1 Factory products get massive boost at NPP Conference

On the sidelines of the New Patriotic Party National Delegates Conference held Sunday, December 22, 2019, members of the party led by its volunteer...

Rawlings supports ‘Eat Ghana Rice’ campaign

Former President Jerry John Rawlings has thrown his weight behind the “Eat Ghana Rice’ campaign, describing it as a good course for the country....

NPP performance better than NDC – IMANI

The governing New Patriotic Party (NPP) is better at achieving its campaign promises than their predecessors, the National Democratic Congress (NDC), policy think tank,...

Isaac Osei steps down as TOR boss

The Managing Director of the Tema Oil Refinery, Isaac Osei, has resigned. Chairman of the General Transport, Petroleum, and Chemical Workers Union (GTPCWU) at TOR,...

Yara Ghana, others win big at maiden Ghana Cocoa Awards [Full List]

Yara Ghana Limited, a leading name in fertilizers in Ghana has won the agro input of the year-fertilizer at the maiden Ghana Cocoa Awards...

Telecoms Chamber states position on ‘hidden tax’

The Ghana Chamber of Telecommunications has stated its position on recent allegations that its members may have under-declared taxes to the Ghana Revenue Authority. The...