We are committed to helping build a better Ghana – SML
Strategic Mobilisation Ghana Limited (SML) has expressed its commitment to contributing to the development of Ghana by adhering to ethically acceptable standards and maintaining...
KPMG’s report confirms we haven’t been paid $100m – SML
Strategic Mobilisation Ghana Limited (SML) has clarified that the audit assurance report by KPMG confirmed that it has not received a payment of $100...
Beige-Bank trial: Receiver did not engage financial department before collapsing bank
David O. Sogbodjor, former Finance Manager of the defunct Beige Bank has told the High Court trying the former Chief Executive Officer (CEO) that the receiver during...
‘She’s done a lot for Ghana’ – Okudzeto Ablakwa defends Prof Opoku-Agyemang’s readiness for vice presidency
The Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has criticized political experts and commentators who have questioned the qualification and readiness of...
GUTA urges government to embrace solar energy to address power outages
The Ghana Union of Traders Association (GUTA), has urged the government to adopt alternative sources of energy, including solar, to reduce the country’s heavy...
NDC to establish a Women’s Development Bank if elected
The National Democratic Congress (NDC) has announced plans to establish a Women's Development Bank if elected into power in the December 7th general elections. The running mate...
Women face mounting pressures, feel unsafe at workplace – Deloitte
Despite a small number of improvements since last year, 'Deloitte’s Women @ Work: A Global Outlook' indicates that women are facing mounting pressures in...
Bright Simons: Where is the KPMG report on SML contract audit?
In the wake of revelations by audit firm KPMG on its probe of the controversial contract between the Ghana Revenue Authority (GRA) and Strategic...
Fitch affirms ETI at B-; Outlook stable
Fitch Ratings has affirmed Ecobank Transnational Incorporated's (ETI), parent company of Ecobank Ghana Long-Term Issuer Default Rating (IDR) at 'B-' and its Viability Rating...
Cedi hits GH¢14.00 to a dollar; depreciates 12.08%
The Ghana cedi has hit GH¢14 to a dollar as the depreciation pressures continue unabated.This has culminated in its year-to-date loss of about...
Academic curriculum must reflect industry needs – Stanbic Bank CEO
Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning has advised that the academic curriculum should be designed towards meeting the needs of industry.He made...
Kwadaso onion traders refuse occupying new market, fear similar eviction
They also fear a possible eviction in the coming years after suffering similar fate when they were moved from the Alabar market. The traders are pushing for a spacious land they can own and trade on without concerns over future ejection.
CSO calls for immediate removal of COCOBOD CEO
In 2017, COCOBOD made a loss of GHS 161.3 million, although its revenues had increased to GHS 10.25 billion from GHS 9.15 billion in the previous year. The company also made losses of GHS 78.22 million in 2018, GHS 320.57 million in 2019, GHS 426.32 million in 2020, and a staggering GHS 2.44 billion in losses in 2021.
Government asked to act over rot and collapse of SOEs
In reference to the Ghana Cocoa Board, Ghana Water Company Limited, Electricity Company of Ghana, and Ghana Airport Company Limited, the group demanded an immediate sack of the CEOs of these enterprises for what it says are colossal damages and astronomical debts incurred.
SML/GRA contract brought GH¢2.45bn in tax revenues to the state – KPMG report
KPMG's audit report has revealed that the revenue assurance contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML) has resulted in...
Global Cocoa Marketing Companies refuse to pay realistic Cocoa prices – CGCI
The Executive Secretary for Cote d’Ivoire Ghana Cocoa Initiative (CGCI), Alex Asanvo, says Global Cocoa Marketing Companies have refused to pay realistic prices for...
Renegotiate SML contract – Akufo-Addo to GRA, Finance Ministry
President Akufo-Addo has instructed the Ghana Revenue Authority (GRA) and the Ministry of Finance to renegotiate the revenue assurance contract with Strategic Mobilisation Limited...
‘Dumsor’: Power crisis requires more than financial remedies – NPP Manifesto Committee member
The Chairman of the New Patriotic Party's (NPP) 2024 Manifesto Committee on Energy, Kwadwo Nsafoah Poku, has debunked suggestions that the current challenges with...
Apple faces declining sales in China as Huawei soars
Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the world’s largest smartphone market.The Shenzhen-based conglomerate,...
Ghana faces rising trend in unvaccinated children, statistical service reports
Ghana is grappling with an alarming increase in the number of children not receiving age-appropriate vaccinations, as revealed by recent data released by the...
Ghana’s cocoa farmers lament low earnings amid high prices
Though global cocoa prices have soared to a record high in April, farmers in Ghana are struggling to make ends meet.The government's local...
“Dumsor” has brought businesses to their knees – GNCCI expresses frustration at ongoing crisis
The Ghana National Chamber of Commerce and Industry (GNCCI) has expressed deep frustration and disappointment at the ongoing power crisis in the country.According to...
Dumsor: Finance Ministry failed to pay power generators over GH₵1.2 billion under the CWM – PURC report
The Public Utilities Regulatory Commission’s validation reports on the Cash Waterfall Mechanism (CWM) have revealed that the Finance Ministry owes some power generators about...
Cedi to bounce back to appreciating trajectory soon – Fitch Solutions
Fitch Solutions, an international rating agency, says the Ghanaian cedi will bounce back to an appreciating trajectory very soon.The rating agency said factors, notably...
Electricity VAT: GRA clarifies decision to tax resident Ghanaians
The Ghana Revenue Authority (GRA) has clarified its decision to tax the foreign incomes of resident Ghanaians as replacement for the value-added tax (VAT)...
Gov’t to consolidate cash waterfall revenue collection accounts
Finance Minister, Dr Mohammed Amin Adam says government has taken steps to establish a single account to streamline the collection and distribution of revenue...
GRA provides clarity on tax status of Ghanaian residents earning abroad
The Ghana Revenue Authority (GRA) has moved to dispel uncertainties surrounding the tax status of individuals earning incomes abroad, affirming the criteria for categorizing...
Debt Restructuring: Government to reach agreement with IPPs in May
The government has given an indication about reaching an agreement with Independent Power Producers (IPPs) on debt restructuring as part of measures to reduce...
Accra Initiative at risk as Mali, Burkina Faso withdraw – Akufo-Addo says
President Akufo-Addo has expressed concern about the withdrawal of Mali, Burkina Faso, and Niger from the Economic Community of West African States (ECOWAS) and...
PAC orders Wa West DCE to release MP’s common fund immediately
The Public Accounts Committee (PAC) of Parliament has instructed the District Chief Executive of Wa East District Assembly, Mr. S.K Mahama to immediately process...
NPP Youth Organizer identifies power outages as major challenge ahead of 2024 election [Video]
The National Youth Organizer of the NPP, Salam Mustapha, has highlighted the current power outages as a major challenge going into the 2024 election....
Single ECG revenue account won’t solve power crisis – John Jinapor
Ranking Member on Parliament’s Mines and Energy Committee, John Jinapor, has said that the Finance Ministry’s decision to put all of the Electricity Company...
Kwadaso Onion Market demolished: traders relocated over security concerns
After a notice that met an initial resistance by the traders, hundreds of sheds were pulled down at the market under police-military supervision. The regional Security Council had cited threats to security and vehicular congestion as reasons for evacuating the traders.
TikTok vows legal challenge to potential US app ban
TikTok will file a court challenge if Congress passes legislation paving the way to a nationwide ban of the app, a top executive told...
Dumsor: Energy sector ‘shepherdless’, we need a new leader – IES Director
The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, has stated that the energy sector is currently lacking effective leadership.He...
Unless something dramatically happens, cedi will continue to depreciate – Ghana Association of Forex Bureaux
The Ghana Association of Forex Bureaux says the recent cedi depreciation will not end if practical measures are not put in place to halt...
We are confident of bilateral MoU agreement with Ghana soon – IMF Mission Chief
The International Monetary Fund (IMF) Mission Chief for Ghana, Stéphane Roudet is confident that Ghana will formalize a Memorandum of Understanding (MoU) with the...
Dumsor: If there’s competition, ECG would lose all its customers – ACEP
Africa Centre of Energy Policy (ACEP) has added its voice to the need for a competitive power distribution company in the country.They cited poor...
Cash waterfall mechanism undergoes audit to bring transparency and accountability – Amin Adam
Finance Minister Mohammed Amin Adam has revealed that the government has begun auditing the Cash Waterfall Mechanism through which revenue collected from the electricity...
ECG to use single revenue collection account – Finance Minister
Finance Minister Mohammed Amin Adam has disclosed that a single account has been established for the Electricity Company of Ghana's revenue collection activities.In March,...