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 an inaccurate assessment of the …

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, which grew by 6.8 percent, …

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 data. A primary concern is …

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 borrowed money from fellow teachers …

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 in the early hours of …

Thirty passengers were injured after a flight from Madrid to Uruguay was hit by “strong turbulence” and had to make an emergency landing in Brazil, Spanish airline Air Europa said on Monday. “Our flight UX045 bound for Montevideo has been diverted to the Natal airport (in Brazil) due to strong turbulence,” Air Europa said in a post on X. “The …

The Liquefied Petroleum Gas (LPG) Marketers Association of Ghana has formally endorsed the National Petroleum Authority’s (NPA) decision to transition to an Open Competitive Tender system for LPG imports. Under this new framework, the procurement of gas will move away from previous methods in favor of a transparent bidding process designed to drive down costs. The Association believes that by …

During the ninth UK-Ghana Business Council (UKGBC) meeting in Accra, Ghana solidified its economic partnership with the United Kingdom by signing two pivotal Memoranda of Understanding (MoUs). Co-chaired by Vice President Dr. Mahamudu Bawumia and the UK’s Minister of State for Development and Africa, Rt Hon. Andrew Mitchell, the agreements focus on specialized skills, knowledge, and technology transfer within the …

The Ghana Revenue Authority (GRA) has officially petitioned the receiver of several defunct financial institutions to recover approximately GHȼ91 million in outstanding taxes. This disclosure was made by Mr. Edward Apenteng Gyamerah, the Commissioner in charge of the Domestic Tax and Revenue Division, during a hearing before the Public Accounts Committee (PAC) on Monday. The funds represent tax obligations that …

President Nana Akufo-Addo will be commissioning the 97 kilometre railway line from Tema to Mpakadan by March 2024 when the newly acquired trains arrive in the country. According to the Ghana Railway Development Authority, the two new coaches will be used purposely as passenger trains to aid transportation from the port of Tema to the northern parts of the country and the …

During the criminal trial of Nana Appiah Mensah, also known as NAM1, a fifth prosecution witness testified that the accused assaulted and threatened her with a firearm when she attempted to retrieve her GH¢760,000 investment. Priscilla Adu-Boateng, a single mother of four, recounted a January 2020 incident where she and other disgruntled Menzgold clients visited the accused’s residence at Trassaco …

Twenty-two people have died following a landslide at an illegal mine in northern Tanzania, officials said. The incident occurred at Ng’alita mine in Bariadi district, Simiyu region on Saturday, district commissioner Simon Simalenga said. It occurred after a group of people started mining in an area where activity was restricted due to heavy rains, he told Reuters news agency. President …

The World Health Organization (WHO) has certified Cabo Verde as a malaria-free country, marking a significant achievement in global health. With this announcement, Cabo Verde joins the ranks of 43 countries and 1 territory that WHO has awarded this certification. Cabo Verde is the third country to be certified in the WHO African region, joining Mauritius and Algeria which were …

The Somali National Army backed by local forces on Wednesday recaptured Masagaway town in the Galguduud region of central Somalia’s Galmudug State from Al Shabaab militants after an operation. Abdirahman Yusuf Al-Adala, the deputy minister of Information, Culture and Tourism of the Federal Government of Somalia, said the troops managed to liberate the strategic town from Al Shabaab, following a …

Residents and foreign nationals in South Sudan’s capital, Juba, have reported instances of harassment during unannounced raids conducted by the military. According to the local NGO Community Empowerment for Progress Organization, over 120 individuals have filed formal complaints alleging that security forces stormed homes and businesses without prior notice. These reports include accounts of soldiers searching the vehicles and accommodations …