Month: June 2024

Asantehene allocates 200 acres to State Housing Company to address housing deficit

Business

The Asantehene, Otumfuo Osei Tutu II, has donated 200 acres of land at Dedesua in the Ashanti Region to the State Housing Company (SHC) to support the development of affordable housing. This significant contribution highlights the critical role of partnership between traditional leaders and state institutions in addressing Ghana’s housing deficit. The land will serve […]

Dr. Kwesi Nduom Petitions Bank of Ghana to Restore GN Bank License

News

Dr. Kwesi Nduom, the owner of the defunct GN Bank, has directed a formal appeal to the Governor of the Bank of Ghana, Dr. Ernest Addison, seeking the reinstatement of the bank’s operating license. Dr. Nduom contends that the 2019 revocation, which the Central Bank justified by citing insolvency and regulatory breaches, was based on […]

Ghana’s Economy Expands by 4.7% in Q1 2024 Driven by Industrial Growth

Business

According to data released by the Ghana Statistical Service, the national economy achieved a year-on-year growth rate of 4.7 percent during the first quarter of 2024, an improvement over the 3.8 percent expansion recorded in the corresponding period of the previous year. This performance was largely propelled by a significant surge in the industrial sector, […]

Cocoa Revenue Drops by $500M Amid Galamsey and Climate Pressures

Business

A combination of illegal mining, adverse climate conditions, crop disease, and extensive smuggling has led to a major reduction in Ghana’s cocoa revenue for the early part of 2024. Fiifi Boafo, the Head of Public Affairs at COCOBOD, noted that these factors resulted in a revenue drop exceeding $500 million according to Bank of Ghana […]

Teacher dies by suspected suicide after reportedly losing money in Aviator

International

Kevin Omwenga, a Chemistry and Mathematics teacher at Nyamira Boys High School in Kenya, was found dead in his home in an apparent suicide. According to Area Assistant Chief Johnson Manyara, Omwenga’s colleagues reported that the educator was struggling with significant debt totaling approximately Ksh50,000 ($380). Much of this debt was reportedly incurred after he […]

Dozens Killed in Israeli Air Strike on UN Shelter in Central Gaza

International

An Israeli air strike on the al-Sardi school, a UN-run facility in the Nuseirat refugee camp, has killed at least 35 to 40 people, according to local health officials and UNRWA. The school was housing hundreds of displaced Palestinians who had fled fighting in other parts of the territory. Witnesses described a scene of devastation […]