NEWS

Banks operating in Ghana wrote-off about ¢5.9 billion as bad debt in December 2022. According to the Domestic Money Banks Income Statement, this is about 184.2% increase over the previous year. The total provision made were classified as loan losses, depreciation, and others. Though the Bank of Ghana did not give reasons behind this bad debt, it is believed that ...

The Bank of Ghana has reiterated that inflation is likely to peak in the first quarter of 2023 and gradually ease thereafter. However, headline inflation is projected to remain above the upper band of 8±2 percent until the second half of 2025. In its January 2023 Monetary Policy Report, the Central Bank said its decision to keep the policy rate ...

Deputy Minority Leader Emmanuel Armah Kofi Buah has said that the Secretary to the Board of Trustees of the National Cathedral of Ghana, Reverend Victor Kusi Boateng is running away from his own suit against North Tongu Member of Parliament. His comment comes after the contempt case against Mr Ablakwa was adjourned by the court. TV3’s Laud Adu Asare who was ...

Principal Programme Officer at the Environmental Quality Department of the Environmental Protection Agency (EPA) Maxwell Seyram Sunu has confirmed to 3FM Sunrise Morning Show on 21 February 2023 that the Air Quality Index (AQI) in Accra is red indicating very low quality where as that of Tamale is very hazardous. “Currently the quality of air in Accra as we measured ...

Bolt, the leading mobility app in Africa has announced plans to invest €500 million in its operations on the continent over the next two years. The funds will be used to expand Bolt services in Africa and create opportunities for over 300,000 new drivers and couriers to join the platform in 2023. Having launched in South Africa in 2016, Bolt ...

The National Communications Authority (NCA) has said it has given final approval for the transfer of the 70 per cent Majority Shares in Ghana Telecommunications Company Limited (Vodafone Ghana) held by Vodafone International Holdings  B.X  to Telecel Group subject to concessions made by the Seller and representations made by the Buyer to the NCA. ‘The final approval follows the satisfaction of conditions ...

An Accra High Court has ordered lawyers for the National Cathedral Board Secretary, Rev. Victor Kusi Boateng to use the appropriate approach in serving their writ to legislator, Samuel Okudzeto Ablakwa. The court believes the proper process was not employed in the clergyman’s attempt to seek legal action against the Member of Parliament. In court today, Mr Okudzeto filed a ...

Minister-designate for Trade and Industry Kobina Tahir Hammond has denied any wrongdoing in the sale of a drill ship belonging to the Ghana National Petroleum Corporation (GNPC) in 2001. He found it worrying that most critics continue to hold him responsible for the transaction when he was only assigned the duty of leading the negotiations just three months after becoming ...

Member of Parliament for Agona West Constituency and a former minister for Gender, Children and Social Protection Cynthia Mamle Morrison has advised people, especially young girls not to mistake Valentine’s Day for sex. She argued that just as 25 December has been accepted by many as Christmas, the same has to do with Valentine’s Day because there should be a ...

The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC) Mr. Charles Owusu has led his operations and technical team to update the Chiefs, Queen Mothers, Western Regional Minister, Municipal Chief Executive, Staff of the Regional Coordinating Council, opinion leaders, youth groups, students and members of the forty-six communities under Western Nzema Traditional Area, on the progress of work ...