Finance Minister Ken Ofori-Atta has announced that the government is entering a new phase of the Domestic Debt Exchange Programme (DDEP), which will now target pension funds and various energy sector liabilities, including debts owed to Independent Power Producers (IPPs). During the mid-year budget review, the Minister explained that while previous debt operations provided critical […]
Northern Regional Minister, Shani Alhassan Saibu, has officially commissioned a €20 million wastewater treatment plant at Gbalahi, near Tamale. This facility, built by the Jospong Group of Companies in partnership with the Hungary Exim Bank, addresses a critical sanitation gap where an estimated 98% of fecal waste in the metropolis was previously dumped untreated onto […]
The legal saga of Nana Appiah Mensah, popularly known as NAM1, reached another stalemate as the CEO of Menzgold Ghana Limited made his 36th court appearance without a trial commencing. On July 26, 2023, the Circuit Court adjourned the case once again to September 20, 2023, following a request from the police prosecution for more […]
The Ghana cedi is projected to maintain its recent stability and potentially appreciate against the US dollar as the government nears the completion of its Domestic Debt Exchange Programme (DDEP). Achieving the DDEP targets is considered the final major hurdle required to unlock a crucial support package from the International Monetary Fund (IMF). Analysts suggest […]
The Office of the Registrar of Companies (ORC) has initiated a major cleanup of its database, targeting more than 513,000 business names that have lapsed due to a failure to fulfill annual renewal requirements. According to the Registration of Business Names Act, 1962, any business that fails to renew its registration within three months of […]
A Nigerian national has been apprehended by the Customs Division of the Ghana Revenue Authority at the Aflao border for attempting to smuggle a large sum of counterfeit currency into the country. The suspect, 57-year-old Aremu Timothy Adegboyega, was intercepted along an unapproved route known as “Beat Zero” while traveling as a passenger on a […]
Takeoff, a member of the rap group Migos, has tragically passed away at the age of 28. The rapper, born Kirshnik Khari Ball, was fatally shot at a bowling alley in Houston early on November 1, while he and Quavo were playing dice. Takeoff was pronounced dead at the scene, while two others were injured […]
In a significant move to stabilize the local currency, a joint task force comprising the Bank of Ghana and the Ghana Police Service apprehended over 76 illegal foreign exchange dealers during a targeted raid in Accra. The operation focused on notorious “black market” hubs within the Central Business District, including Tudu, Makola, and Rawlings Park. […]
In a coordinated enforcement operation, the National Petroleum Authority (NPA), working alongside the Ghana National Fire Service and the Ghana Police Service, dismantled an unauthorized cylinder refurbishing plant in Makola, Accra. The raid, which took place on Friday, September 16, 2022, led to the arrest of seven suspects who were caught restoring damaged LPG cylinders […]
The National Petroleum Authority (NPA) has taken decisive action in the Bono Region by locking several pumps at three prominent filling stations in Sunyani. During a surprise inspection, officials discovered that Frimps Oil (Penkwase), Goil (near Eusbett Hotel), and Engen were dispensing fuel in quantities lower than what consumers were paying for. The most severe […]