The cedi will lose value relative to the dollar by around 22% in 2023, according to the UK-based Economist Intelligence Unit (EIU). According to its Africa Outlook 2023 Report, this will make the local currency the third-weakest performing currency on the African continent. The EIU anticipates that, albeit to a …
Read More »“Minority’s 80m budget blockade won’t halt National Cathedral” – Dr Joyce Aryee
According to Dr. Joyce Aryee, a member of the National Cathedral of Ghana’s Board of Trustees, the project would proceed despite the recent blocking of a GHS80 million fund set aside for the National Cathedral’s construction in the 2023 budget. The minority side of the committee voted 11:10 in favor …
Read More »Road Minister promises to pay road contractors before end of 2022
A portion of the arrears owing to contractors, according to Minister of Roads and Highways Kwasi Amoako-Atta, will be paid before the year is over. Despite the challenges, the country’s contractors are doing an admirable job, and I want to reassure them that the government will continue to act in …
Read More »President Akufo-Addo swears in two new Supreme Court justices
On December 28, 2022, President Nana Addo Dankwa Akufo-Addo swore in two new justices to the supreme court. At a quick ceremony held at the capital, the two were sworn in. The two people were approved for nomination to the Supreme Court by Parliament’s Appointments Committee in October. About four …
Read More »Avoid fraudulent advertisements on your platforms -Police to Radio and TV Operators
The Ghana Police Service has pleaded with operators of electronic communication networks, electronic communications service providers, and broadcasting services to forbid the use of their platforms to spread fraudulent ads. Charlatanic ads, in the opinion of the Police, are not only immoral but also illegal and punished by Ghanaian law. …
Read More »Conflicts in Bawku: Banks close down
Due to resurgent intercommunal violence, certain financial institutions, notably the Agric Development Bank (ADB) and Consolidated Bank Ghana (CBG), have shut down their branches and ATMs in the Bawku municipality of the Upper East Region. The banks took this precaution to guard against the possibility that stray gunfire from the …
Read More »By passing the VAT Amendment Bill, the VAT rate would rise by 2.5 percent
The Value Added Tax Amendment bill, which would have raised the rate by 2.5 percent, has been approved by a majority of lawmakers. The contentious law required a head count in order to pass by a vote of 135 to 136. Members of the Minority advocated against raising the VAT …
Read More »Pension funds protected from the government’s debt exchange program
According to Ghanatodayonline.com, the government has excluded pension money from the debt swap. The decision was made on December 22 after a meeting between organized labor, represented by Dr. Anthony Yaw Baah, and the government, represented by Finance Minister Ken Ofori Atta and Minister for Employment Ignatius Baffour Awuah. Ignatius …
Read More »First shipment of gold for oil comes in January 2023 – Dr Bawumia
According to the Vice President of Ghana, the nation would receive its first shipment of oil under the gold-for-oil scheme in January 2023. On December 22, 2022, Dr. Mahamudu Bawumia posted on Facebook, “I am happy to announce that the Government of Ghana has concluded the arrangements for the operationalisation …
Read More »Ghana and Burkina Faso reiterate their commitment to fighting terrorism together
The sub-regional alliance between Ghana and Burkina Faso to combat terrorism has been reinforced. After delivering a message from President Akufo-Addo to Burkinabe leader Ibrahim Traore in Ouagadougou on December 21, 2022, Ghana’s Minister of National Security, Mr. Albert Kan-Dapaah, revealed this to press. A senior team from Ghana, led …
Read More »