Author Archives: larryehu

Growth must reflect in livelihoods of Ghanaians – IMF to gov’t

The International Monetary Fund (IMF) has advised the government of Ghana to ensure that the country’s expected economic growth translates into an improvement in the livelihoods of the citizenry. The Fund maintains that this could be achieved if the government ties its policies and programs with the aim of solving issues such as unemployment. The Director of the African Department ...

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Benchmark valuation not against WTO rules — Customs

The Customs Division of the Ghana Revenue Authority (GRA) has said the use of the benchmark value to valuate imported goods at the country’s ports was to ensure that taxes are fairly paid to the State. The benchmark value, the tax collection agency explained, was one out of the six approved valuation methods by the World Trade Organisation (WTO). It ...

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Cedi back where it belongs after 16% plunge – BoG

Ghana’s cedi has recovered to levels that appropriately reflect the state of the economy after “overshooting” during a slump in the first quarter, according to the head of the central bank. The currency of West Africa’s second-biggest economy collapsed as much as 16 per cent against the dollar after offshore holders of domestic debt failed to roll back their maturing ...

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NAM1’s pilot grilled over private jet

It has emerged that the pilot of Nana Appiah Mensah, aka NAM1, the embattled owner of Menzgold Ghana Limited, has been questioned by the Economic and Organised Crime Organisation (EOCO). The suspect, who is an Australian, was picked up on Sunday, April 7 and is currently on self-enquiry bail. Sources say the pilot, whose name was given as David Brown, ...

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Five dead after Sunday rains

National Disaster Management Organisation officials have disclosed at least five bodies have been retrieved after hours of rains in Accra Sunday. The bodies include that of a six-year-old found at Sowutuom, the PRO of NADMO George Awusi said. Others were found at Ablekuma, Odorna and Adjei Kojo in Ashaiman, NADMO disclosed. The Ghana Meteorological Agency has warned of heavy downpours ...

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BPS reveals ‘very disturbing developments’ about Accra-Tema Motorway

The Executive Director for the Bureau of Public Safety (BPS) is expressing concern over the Accra-Tema Motorway, one of Ghana’s most patronized roads, which has been plagued by severe and deadly motor accidents since its construction in 1965. In a statement obtained by Myjoyonline, Nana Yaw Akwada said that a survey his agency conducted revealed “very disturbing developments” along the ...

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NC Special Competition: Hearts beat Liberty in Dansoman

Accra Hearts of Oak made it two wins on the bounce with an impressive 1-0 win over Liberty Professionals in Week 5 of the Normalization Committee Special Competition at the Carl Reindorf Park. In what was expected to be a cagey affair, Hearts dominated early possession and went close twice through captain Fatawu Mohammed. First, his powerful close range header ...

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Armed robbers attack Asokwa Deportivo team bus

The team bus of Ghana Division One League side, Asokwa Deportivo, has been attacked by armed robbers around Jocobu, while the team was en route to Prestea to honour an NC Special Competition game. The robbery took place in the early hours of Sunday, April 14, 2019, the day of the game. The robbers took away money, mobile phones, two ...

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