The Bank of Ghana (BoG) has cautioned the public against the operation of some online Apps operating without authorization. 97 of such applications have thus been cited for engaging in unlicensed lending activities in contravention of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (930). “The Bank of Ghana reiterated …
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Ghana is a country in West Africa that has experienced significant economic growth in recent years, largely due to the discovery of oil in its offshore waters. Ghana has been producing oil since 2010. The discovery of the Jubilee Field, the country’s first major commercial oil field, was seen as …
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Communications Minister, Ursula Owusu-Ekuful says persons who do not legitimately have the Ghana Card but have had their SIM cards deactivated must reach out to the National Communication Authority (NCA) for a resolution. According to her, the affected users would have to provide evidence to that effect. “In recognition of …
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The Chamber of Independent Power Producers (IPPs) says its members will shut down their plants in three weeks unless government meets their demands to settle all outstanding indebtedness. The shutdown potentially could create a huge power shortfall as the IPPs control over 65% of the available thermal generation capacity in …
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The Deputy Finance Minister, Abena Osei Asare, has made a passionate plea to Pensioner Bondholders, urging them to exercise patience as the government scrambles to secure the necessary resources to settle their unpaid matured coupons. Despite rainy weather conditions, members of the Pensioner Bondholders Forum resumed their picketing at …
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Pressure on the Ghana cedi continues to surge after some sterling performance two weeks ago, making it the world’s top-performing currency during the period. The local currency lost about 9% in value last week to the US dollar in the retail market to reverse the previous week’s gains. It traded …
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Ghana’s President Akufo-Addo has emphasised that the bailout secured from the International Monetary Fund (IMF) will not be an instant panacea for the country’s difficulties. He believes it will, nonetheless, play a crucial role in restoring confidence and reopening opportunities that have been limited in recent years. During a national …
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President Nana Akufo-Addo on Friday, May 27 commissioned the €85-million Elmina Fishing Port rehabilitation and expansion project in the historic city of Elmina in the Komenda-Edina-Eguafo-Abrem (KEEA) Municipality of the Central Region. The construction of the biggest fishing harbour in the region, which was completed in 30-months, has a docking …
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The Board Chairman of the Ghana National Petroleum Corporation (GNPC) Freddie Blay has threatened to take legal action against some 29 CSOs calling for his resignation over a decision to sell a 50% stake in Jubilee Holdings Limited (JOHL) to PetroSA. In a statement, Mr Blay also described the call …
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I have sighted your (Joy FM) article where you quote the IMF as saying that, “China will have access to Ghana’s mineral revenue, electricity sales in default of 4 loans.” The attribution to the IMF comes from the recently released IMF Country Report No. 23/168, dated May 2023, which details …
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