LATEST UPDATES

Fitch downgrades Ghana to ‘CCC’ from ‘B- ‘

The rating company Fitch has lowered Ghana’s Issuer Default Rating (IDR) for Long-Term Foreign-Currency (LTFC) from “B-” to “CCC.” According to the statement, the downgrade reflects the state of Ghana’s public finances, which have made it difficult for the country to access the Eurobond markets for an extended period of …

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President Akufo-Addo appoints Kofi Agyepong as YEA CEO

Kofi Baah Agyepong, the Deputy Director of Communication at the Presidency, has been selected by President Akufo-Addo to serve as the Youth Employment Agency’s acting CEO (YEA). Mr. Justin Kodua Frimpong, who resigned to concentrate on his position as the General Secretary of the New Patriotic Party, is succeeded by …

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Mahama calls for national dialogue on Ghana’s economy

In order to address Ghana’s deteriorating budgetary position, which has caused the country’s economy to be downgraded by foreign rating agencies, former president John Dramani Mahama wants an immediate national conversation. He specifically criticized the Akufo-Addo administration for not doing enough to revive the faltering economy and provide relief for …

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S&P Ratings downgrades Ghana to CCC+/C with negative outlook

Standard and Poor’s (S&P) Global Ratings, a credit rating agency, has lowered Ghana’s foreign and domestic currency sovereign ratings from B-/B to CCC+/C with a negative outlook, further downgrading its debt into speculative territory. Ghana was downgraded by Moody’s in February to Caa1 with a stable outlook. The outlook for …

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Ghana Card will prevent minors from voting-EC

According to the Electoral Commission (EC), the only form of identification accepted for continuous voter registration is the Ghana Card, which aims to end the practice of minors casting ballots. Dr. Kwadwo Afari-Gyan, a former chairman of the EC, has issued a warning that the decision will disenfranchise millions of …

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VP Bawumia inaugurates Zongo Development Fund Board

On August 9, 2022, at Jubilee House in Accra, the Vice President, Dr. Mahamudu Bawumia, launched the Zongo Development Fund Board. Additionally, the eleven-member Board, which is presided over by Mr. Seidu H. Nasigri, was sworn in by Dr. Bawumia. After administering the oath of office to the board’s members, …

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NDC wants reshuffle to destabilize my government-Akufo-Addo

In response to widespread calls for him to reshuffle his appointees, particularly ministers of state, President Nana Addo Dankwa Akufo-Addo has stated that he has no immediate intentions to do so. He believed that because the ministers’ performance met expectations, there was no need to reshuffle them. Whoever is making …

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Nobody should dare come here for 2024 campaign-Mamponteng residents

In order to convey their unhappiness over the lack of advancements in the area, the Mamponteng Traditional Council in the Kwabre East District of the Ashanti Region, led by the Mamponteng Chief, Barima Saasi Ayeboafo II, today organized a press conference. The Mamponteng Chief’s Palace hosted a press conference on …

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President Akufo-Addo commissions North East RCC Administration Block

As part of the working visit of the North East Region, President of the Republic Nana Addo Dankwa Akufo-Addo inaugurated the newly built administration building of the North East Regional Coordinating Council in Nalerigu on Saturday, August 6, 2022. Six new administration structures are being built for the six newly …

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SHS student died in Kronom-Kyerease fire disaster

A fire accident in Kronom Kyerease in the Suame Municipality of the Ashanti Region resulted in the death of a boy, thought to be 18 years old, and the hospitalization of two other children. The dead, who was only given the name Atta, allegedly tried to put out a fire …

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Asaman Tamfoe Robbery: Police arrest four suspects so far

Four armed robbery suspects who were involved in a robbery attack that resulted in the deaths of two people at Asaman Tamfoe in the Eastern Region on May 27, 2022, have been apprehended by the police after a continuous intelligence-led investigation that lasted nine weeks. Seven thieves raided a gold …

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