POLITICS

Bank of Ghana blames Ghc60bn loss on COCOBOD loans and DDEP

The Bank of Ghana’s unprecedented GHC 60 billion loss has been attributed by the central bank on the government’s Domestic Debt Exchange Program (DDEP) and COCOBOD loans. The Bank of Ghana’s audited financial statement for the fiscal year 2022 indicated the large loss. The Central Bank reportedly recorded a profit …

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Chief Justice justifies contempt summons to Dormaahene

Judges who remark on ongoing court cases may be subject to contempt charges, according to Chief Justice Gertrude Torkornoo. Speaking at the 7th Annual Legal Ethics Training Programme sponsored by the African Centre on Law and Ethics (ACLE) at GIMPA’s law faculty, Justice Torkornoo argued that since judges’ conduct rules …

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Akufo-Addo gov’t committed to completing Saglemi Housing Project, others started by previous administrations – Asenso-Boakye

According to Francis Asenso-Boakye, Minister of Works and Housing, President Akufo-Addo is determined to finishing all housing projects started by past administrations. According to Mr. Asenso-Boakye, the government is taking the necessary actions to resurrect the Saglemi Housing Project and other initiatives that ran into serious difficulties. On Tuesday, August …

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Exchange rate has stabilized, inflation has softened, and interest rates have declined – Ken Ofori-Atta

In his 2023 mid-year budget review, Minister of Finance Ken Ofori-Atta stated that the government’s efforts to lessen the effects of COVID-19 and the current economic difficulties had been successful in stabilizing fluctuating exchange rates, taming inflation, and lowering interest rates. In his address, the finance minister credited the accomplishments …

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