Author: sirrichie_2i8r8t

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama has said that the sale of shares in Société Générale is ongoing with prospective buyers touching base with the BoG. Dr Asiama said that the BoG is ensuring the prospective buyers meet the fit and proper requirements. Asked about the current state of affairs regarding the sale of the shares, Dr Asiama said during the 123rd Monetary Policy Committee (MPC) press conference in Accra on Friday, March 28, that “The sale of shares in Societe Generale is ongoing, a number of prospective buyers have touched base with us. But as…

The Domestic Debt Exchange Programme (GGEP) introduced by the previous administration played a major role in the Banks’ non-performing loan (NPL) problems, the Governor of the Bank of Ghana (BoG) Dr Johnson Asiama, has said. Dr Asiama, however, said the NPLs problem is something that the central bank is wrong on aggressively. Answering questions during the 123rd Monetary Policy Committee (MPC) press conference in Accra on Friday, March 28, he said, “The issues about NPLs across banks is a problem. But remember, the domestic debt exchange also impacted or contributed to the NPL problem. “However, aside that, if you look…

The Industrial and Commercial Workers Union (ICU) has called on the Bank of Ghana to reduce the 25 percent corporate tax imposed on rural and community banks across the country. According to ICU, this has affected the operational cost of those banks resulting in poor service delivery. General Secretary of ICU, Morgan Ayawine made the call when he addressed members of ICU at Tamale in the Northern Region ahead of its National Quadrennial Delegates Conference slated for August this year. “Some of the fiscal policies seem to create and work against the growth and sustainability of the rural and community…

The Bank of Ghana’s real sector indicators point to a sustained improvement in economic activity amid significantly improved business and consumer sentiments. According to the Central Bank, the updated Composite Index of Economic Activity (CIEA) rose by 5.7% year-on-year in January 2025, relative to 3.5% in the same period of 2024. This was driven by increased consumption, international trade activities and private sector credit growth. Also, the confidence surveys conducted in February 2025 showed significant improvement in both consumer and business sentiments, buoyed by expectations for an improved macroeconomic environment. Meanwhile, the Bank of Ghana has stated that private sector…

Several footballers were injured in a serious road accident at Tuba Junction on the Accra-Kasoa Highway when their vehicle collided with a fuel tanker. The crash involved a Sprinter bus with the registration number GW-7110-22 and a fuel tanker truck with the registration number GN-9568-12. Reports indicate that the Sprinter bus, carrying the footballers, was traveling from Accra, while the tanker was coming from Kasoa toward Accra. Eyewitnesses narrated that the accident happened when the Sprinter driver attempted a U-turn at Tuba Junction, resulting in a collision with the oncoming fuel tanker and a violent impact that injured several passengers.…

The National Labour Commission (NLC) has ruled in favour of former Executive Secretary of the National Identification Authority (NIA), Professor Ken Attafuah, affirming that his dismissal of Martin Akowuah in 2023 was justified. Mr Akowuah was sacked for unlawfully and unilaterally altering working hours at the NIA’s Madina district office. Following his dismissal, Mr Akowuah lodged a complaint with the NLC, seeking redress. However, after a thorough investigation, the Commission concluded on 14 March that Professor Attafuah had acted within the legal framework governing public service employment. “It is the decision of the Commission that the decision of the Respondent…

The Acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi, has dismissed concerns that GoldBod’s dual role in trading and regulatory oversight could lead to conflicts of interest. In a post on X, Gyamfi clarified that GoldBod is neither a regulator nor a competitor in the gold trade but a monopoly responsible for the trading and export of gold. “The GoldBod is simply a monopoly in the trading and export of gold… The regulatory function of the GoldBod relates only to its own licensed agents and not to competitors,” he stated. He further emphasized that GoldBod’s regulatory…

Foreign Affairs Minister, Samuel Okudzeto Ablakwa, has announced the cancellation of two controversial transactions initiated by the previous Akufo-Addo/Bawumia administration to sell Ghanaian diplomatic properties in Nigeria and Zambia. In a post on his X account on Saturday, March 29, Mr. Ablakwa emphasised that the decision had the full backing of President John Dramani Mahama. Yesterday, I informed Parliament that with the full backing of President Mahama, we have cancelled two transactions initiated by the previous Akufo-Addo/Bawumia government to sell Ghanaian diplomatic properties in Nigeria and Zambia,” he noted. The minister revealed that determined efforts are in progress to retrieve…

A devastating fire outbreak has reduced a six-bedroom house to ashes in Dunyan-Nkwanta, a community in the Ahafo Ano South West District of the Ashanti Region, leaving a widow homeless. The tragic incident occurred around 6 a.m. on Sunday while all the occupants of the house were away. According to the affected widow, Mary Agyemang, she was informed that thick smoke was initially seen coming from one of the rooms before flames quickly engulfed the entire structure. Efforts to get the fire service to the scene proved futile, as no personnel showed up to help extinguish the flames. By the…

The Toase Magistrate Court in the Atwima Nwabiagya South Municipality has fined a 19-year-old farmer GH₵ 4,800.00 for stealing five sacks of ginger valued at GH₵17,500.00 at Gyankobaa near Toase. Daniel Mahama pleaded guilty to stealing and was convicted on his own plea. He will serve 12 months’ imprisonment in default of the fine. Police Detective Chief Inspector Ntim Boadu, prosecuting, told the court presided over by Mr. Robert Addo that both the accused person and Mary Appiah, the complainant, were farmers and residents of Gyankobaa. He said the two sons of the complainant had informed her that they had…