Business

Dollar breaks ¢11 mark; forex bureaus sell a dollar for ¢11.2

October 10, 2022

The dollar has hit the ¢11 to $1 mark as some forex bureaus in parts of Accra are selling a dollar at an average of ¢11.2 on Saturday, October 8, 2022. Checks by Joy Business indicate that the demand for the dollar keeps surging, as there is very little dollars in circulation. Some forex bureau […]Continue Reading

NEWS

‘Akufo-Addo must resign; he’s giving us too much headache’ – Kpebu

October 6, 2022

Private legal practitioner, Martin Kpebu, says President Akufo-Addo must resign over his failure to end illegal mining, otherwise known as galamsey in the country. The outspoken legal practitioner said the President has demonstrated enough incompetence to deal with the issue. This, he said, is due to President Akufo-Addo’s failure to act on the briefings provided […]Continue Reading

NEWS

Ghana Gas denies report linking its CEO Dr Asante to a $2bn loot; demands retraction

October 5, 2022

The Ghana National Gas Company (GNGC) has denied reports in a section of the Ghanaian media linking its Chief Executive Officer (CEO), Dr. Ben K. D. Asante to a $2billion loot. The company is asking the Herald Newspaper that did the report to retract and apologise. The Herald in its report headline ‘GHANA GAS BOSS’ […]Continue Reading

NEWS

October 5, 2022

President Nana Addo Dankwa Akufo-Addo has admitted that the fight against illegal small scale mining (Galamsey) has not been an easy one. He said he has not achieved the results he was looking for in the fight but the government is determined to win the battle against the menace. “Since I took office I have made it […]Continue Reading

Business

World Bank classifies Ghana as high debt distressed country; debt to GDP to hit 104%

October 5, 2022

The World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6% by the end of 2022. According to its October 2022 Africa Pulse Report, debt is expected to jump significantly, from 76.6% a year earlier, amid a widened government deficit, massive […]Continue Reading

NEWS

ECG’s IT department resisting checks and balance moves by the MD – Kwadwo Poku

October 4, 2022

The Executive Director of the Institute for Energy Policies and Research, Kwadwo Poku, has fingered the IT department of the Electricity Company of Ghana (ECG) for the technical hitch that affected the credit purchasing system of the Company. According to him, the Managing Director of ECG, Samuel Dubik Masubir Mahama, has been trying to enforce […]Continue Reading

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PWDs training centre not handed over to GES – Obuasi MCE clarifies

October 3, 2022

The Managing Director of Electricity Company Ghana (ECG) has rejected allegations of sabotage over the recent power purchase difficulties faced by the citizenry. Samuel Dubik Mahama said the challenges with the institution are just like all others. Speaking at a presser on Monday, Mr Mahama said ECG will put the necessary systems required to make […]Continue Reading

NEWS

I am not into galamsey – Chairman Wontumi

October 3, 2022

The Ashanti Regional Chairman of the New Patriotic Party (NPP) says he is not engaged in any illegal mining activities, popularly known as “galamsey.” Bernard Antwi Boasiako, aka Chairman Wontumi, said his company, Akonta Mining Limited, has all the required documentation. Speaking on Wontumi TV on Monday, October 3, Chairman Wontumi said he is ready […]Continue Reading

NEWS

Passport Booklet Runs Out Over Unpaid Debt; Applicants Stranded

September 29, 2022

Hundreds of applicants of passport, across the country are said to be currently stranded as a result of shortage of booklets to process their applications. As a result, the passport office is reportedly attending to only priority cases as the company which supplies the passport booklet has refused to supply as a result of debts […]Continue Reading

NEWS

Roads Minister apologises for poor Cape Coast-T’di road; gives contractor 8-wk ultimatum

September 28, 2022

The Roads and Highways Minister, Kwesi Amoako-Atta, has given the Chief Executive Officer of Asabea Constructions, Samuel Ofori Larbi, an eight-week deadline to complete works on the Nkroful Junction to Ketan stretch of the main Takoradi-Cape Coast highway. The dilapidated nature of the section has been a burden to residents and other users who ply […]Continue Reading