The Electricity Company of Ghana (ECG) is appearing before the Energy Committee of Parliament today, Friday, May 16, 2025, to respond to growing concerns over the nation’s power supply challenges and the company’s financial crisis. This follows revelations by the Minister of Energy and Green Transition, John Jinapor, who disclosed …
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Fuel prices in Ghana are expected to drop significantly in the second pricing window of May 2025, following the recent appreciation of the cedi against the US dollar. This projection comes from the Chamber of Petroleum Consumers (COPEC), which anticipates a general decline in fuel costs of up to 10%. …
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The Ghanaian cedi, after staging a remarkable 19% rally within a month to trade at GHS13.05 per US dollar, is projected to gradually weaken and end the year at around GHS14.19, according to Absa Bank’s latest “Ghana Market Insight” report released on May 12, 2025. The cedi’s recent surge, largely …
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A newly inaugurated 11-member Board of Directors for the Ghana Cocoa Board (COCOBOD) has been tasked with the urgent mission of revitalizing the struggling cocoa sector. The board is chaired by Dr. Samuel Ofosu Ampofo and includes key government figures and stakeholders in the agriculture and finance sectors. The swearing-in …
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National Security officers on Thursday, May 15, raided the residence of Maxwell Kofi Jumah, former Managing Director of GIHOC Distilleries, as part of an ongoing investigation into alleged financial misconduct during his tenure. The operation, which was carried out in his absence, aimed to recover vehicles suspected to be state …
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Former Member of Parliament for Assin Central, Kennedy Agyapong, has taken a swipe at President John Dramani Mahama for what he describes as a lenient approach to the recent controversy surrounding Sammy Gyamfi, the acting CEO of the Ghana Gold Board. Speaking at the Entrepreneurship and National Leadership event at …
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The National Service Authority (NSA) has successfully removed more than 2,000 ghost names from its payroll, a move expected to save the state over GH¢1 million. Announcing the development, NSA Director-General Felix Gyamfi stated that the exercise forms part of wider efforts to curb fraud and boost transparency within the …
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President John Mahama has appointed Florence Adei Ohene as the second Deputy Managing Director of Consolidated Bank Ghana Ltd (CBG), a move expected to further enhance the bank’s executive leadership and drive its strategic vision. With over 25 years of experience in local and international banking, Florence brings to the …
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Ghana’s Ministry of Energy and Green Transition has sounded an urgent alarm over the country’s power generation capacity, revealing that the nation has only 2.6 days’ worth of liquid fuel left for electricity production. Speaking before the Parliamentary Energy Committee on Thursday, Energy Minister John Jinapor stated that the Ministry …
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A five-member committee chaired by Supreme Court Justice Gabriel Scott Pwamang is set to begin hearings today, Thursday, May 15, 2025, into multiple petitions seeking the removal of Chief Justice Gertrude Torkornoo. The committee was established by President John Dramani Mahama in accordance with Article 146(6) of the 1992 Constitution …
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