The Bank of Ghana (BoG) has decided to maintain its Monetary Policy Rate (MPR) at 29% for the second time this year. This announcement was made by Dr. Ernest Addison, the Governor of the Bank of Ghana, during the 118th monetary policy briefing on Monday, May 27, 2024. Dr. Addison …
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The Chairman of Groupe Nduom and former owner of Gold Coast Fund Management Company, Dr. Paa Kwesi Nduom, is urging the government to repay a GH¢7.1 billion debt owed to his bank and other subsidiaries. This debt emerged following the Bank of Ghana’s financial sector reforms in 2017. The reforms, …
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Hon. Mathias Asuma Puozaa, the former Member of Parliament for the Daffiama Bussie Issa constituency, has passed away on the morning of May 25, 2024. Sources close to the family report that the former MP, who was from Dafiama Tuori, died at the 37 Military Hospital in Accra after a …
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The Accra High Court has rejected claims brought by Food Sovereignty Ghana against the National Biosafety Authority concerning Genetically Modified Organisms (GMOs). Justice Barbara Tetteh Charway determined that the plaintiffs did not present adequate evidence to substantiate their allegations. Food Sovereignty Ghana, together with three other organizations, sought legal determinations …
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The government has approved GH¢2.3 billion for the restructuring and recapitalization of the National Investment Bank (NIB). The initial payment of GH¢400 million is set to be delivered to the bank by the end of May 2024. During the Ministry of Finance’s monthly briefing, Dr. Mohammed Amin Adam announced that …
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The High Court in Accra has dismissed an application for an injunction aimed at preventing the organisers of the #DumsorMustStop vigil from gathering at Revolution Square, across from the Jubilee House, after the organisers adjusted their meeting point and route for the event. Initially, the conveners disagreed with the Greater …
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Hopeson Adorye, Director of Special Operations for the Movement for Change, has referred to his recent arrest and court appearance as a blessing in disguise. Adorye believes the arrest has given him substantial political leverage. In a widely circulated video following his release on bail by the Dansoman Circuit Court …
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President Nana Addo Dankwa Akufo-Addo asserts that Ghana’s strategic focus on digital innovation within its public sector will be instrumental in job creation and economic growth. Akufo-Addo emphasized the transformative power of digital technology in enhancing efficiency, transparency, and accountability in public institutions. By leveraging digital tools like artificial intelligence, …
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The Coalition of Concerned Nurses and Midwives Trainees has raised concerns over the recent government release of GHC117 million for the payment of trainee allowances, deeming it grossly inadequate to clear the substantial arrears owed. According to the Coalition, the least populated nursing and midwifery school has approximately 700 trainees, …
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Independent Presidential Candidate and leader of the Alliance for Revolutionary Change, Alan Kyerematen, has paid a visit to Hopeson Adorye, who is currently in custody. Adorye was apprehended and held at the Ministries Police Station on Wednesday, May 22, 2024. His arrest followed an alleged confession about detonating a dynamite …
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