NEWS

The Finance Minister Ken Ofori-Atta has revealed that the government will constitute a bi-partisan committee to probe the recent depreciation of the cedi and suggest measures to curb it. Addressing Parliament Thursday, the Finance Minister said “Mr Speaker, the president has directed that I investigate the structural causes for the depreciation of the cedi and to propose measures to address ...

A prosecution witness has testified that an amount of $500,000 was shared among three of the five accused persons standing trial over the $4 million National Communication Authority (NCA) alleged scandal involving the purchase of a cyber communication equipment for the state. The case investigator, Detective Chief Inspector Michael Nkrumah, made the revelation to the Accra High Court yesterday when ...

Depreciation of Ghana’s local currency – Cedi – can partly be blamed on Churches operating in Ghana with headquarters based outside the country, a senior technical economic advisor to the vice president said. Dr. Samuel Kwadwo Frimpong observed most of these foreign Churches convert their offertories and tithes into dollars before transferring them into forex accounts. He said a careful ...

Commercial High Court hearing the case of the Republic against Eugene Baffoe-Bonnie and four others, has rejected the first three caution statements taken from the first accused person when he was first arrested in May 2017. The Court, however, admitted the last three of the six statements that were under contention as having been taken under duress, intimidation and threats. ...

The Director of Elections for the National Democratic Congress (NDC), Elvis Afriyie Ankrah has criticized the Deputy Chair of the Electoral Commission (EC), Dr. Eric Bossman Asare for what he termed as his condescending tone. According to him, Bossman’s comments on the EC’s decision to compile a new voters register were inimical to the peace and stability of the country. ...

An executive of the governing New Patriotic Party (NPP) who has dropped a hint about the arrest of two suspects in connection with the murder of Ahmed Hussein-Suale, a member of Tiger Eye PI has stated that controversial Member of Parliament (MP) for Assin Central, Kennedy Agyapong stands vindicated. He disclosed that some persons including ace investigative journalist, Anas Aremeyaw ...

Two men have been charged with a series of offences including rape after a group of British schoolgirls was attacked at gunpoint in Ghana. A number of armed men entered accommodation where the pupils and their teachers were staying during a school trip to the west African country in December. Police said a Ghanaian security guard was shot and the ...

MPs have warned the public against investing in cryptocurrency as they demand legislation to regulate activities of cryptocurrency transactions in the country. According to them, millions of people across the globe are losing billions of dollars through cryptocurrency transactions thus the need for immediate executive attention. In a statement on the floor of the House on Wednesday, the Member of ...

The Attorney General’s Department has filed an application at the Supreme Court to stop NDK Financial Services Limited from making what it termed “unsubstantiated” claim of GH¢1,273,000,000 from the government as judgment debt. The application opposing the NDK’s claim is expected to be moved today by Deputy Attorney General Godfred Yeboah Dame. According to the application deposed to by Sylvester ...

An 18-year-old internet fraudster, Akwasi Agyeman has reportedly shot his own friend and partner to death in hotel room during the sharing of a booty they received from their frauding activities in Nkoranza in the Bono East Region. The fraudster ( Sakawa boy), Akwasi Agyeman is believed to have fraud some white people with his friend, Isaac Gyan (20 years) ...