According to the Bank of Ghana (BoG), the nation has sufficient gold reserves to support the administration’s gold for oil program. This was said by Stephen Opata, the BoG’s director of financial markets, during his Monday appearance before the Public Accounts Committee (PAC) of Parliament (16 January). According to Opata, …
Read More »Ghana receives 40,000 metric tons of oil consignment from Gold for Oil policy
The first shipment of the gold for oil agreement that was negotiated with the United Arab Emirates has been delivered to Ghana. The Ministry of Lands and Natural Resources reports that on January 15, 2023, the 40,000 metric tons of oil landed at the Tema port. Plans for its distribution …
Read More »Ablakwa mounts pressure on Rev Kusi Boateng to resign from National Cathedral Board of Trustees
The head of the Power Chapel Worldwide must resign immediately from the National Cathedral Board of Trustees, according to North Tongu MP Samuel Okudzeto Ablakwa. Rev. Victor Kusi Boateng, the Secretary of the Board, is accused by Ablakwa of creating several identities while the state was unaware of them, a …
Read More »Ablakwa petitions CHRAJ to investigate Rev. Kusi Boateng over conflict of interest
Samuel Okudzeto Ablakwa, the member of parliament for North Tongu, has requested that the Commission on Human Rights and Administrative Justice (CHRAJ) look into allegations of conflict of interest, the use of multiple identities, and other alleged criminal activity against Reverend Victor Kusi-Boateng, the secretary of the National Cathedral Board …
Read More »The poor performance of the Cedi in 2022 won’t happen again – BoG Governor promises
In recent weeks, the dollar has started to steadily increase against the cedi, raising fears that the nation is on the verge of returning to the gloomy 2022 period when the cedi fell. The Bank of Ghana is now quoting the currency rate as 10.30 Ghana cedis to one US …
Read More »Asawase MP Muntaka replies NDC Chairman over murder allegation
As a result of various accusations made against him by the National Democratic Congress(NDC) Asawase chairman for the Constituency, Member of Parliament (MP) Hon Mohammed Muntaka Mubarak has filed a complaint with the police and the NDC Ashanti leadership. Faisal Dauda, the chairman of the National Democratic Congress (NDC) in …
Read More »National Cathedral board defends Rev. Kusi Boateng over Gh¢ 2.6m interest free loan
The Board of the National Cathedral of Ghana has responded to the most recent claims made against Rev. Victor Kusi Boateng, the board’s secretary, and a board member. Dr. Paul Opoku Mensah, the Cathedral project’s executive director, has described how 2.6 million cedis was paid to a private business, JNT …
Read More »GRIDCo Board and Management visits former President Kuffour
Former President John Agyekum Kufour has received recognition from the Board and Management of the Ghana Grid Company Limited (GRIDCo) for his assistance in founding the business years ago. A group from the firm, led by Ambassador Kabral Blay-Amihere of GRIDCo, made a courtesy visit to the former President on …
Read More »“Cut Ghana’s expenditures to fix our revenue” -Kwame Mpianim advises Ofori-Atta
Senior economist Kwame Pianim has pleaded with Ghana’s government to reduce spending in order to salvage the economy, which is now in peril. Instead of using the domestic debt swap scheme, he said, the government should reevaluate the importance accorded to initiatives like the National Cathedral. “I am sure the …
Read More »President Akufo-Addo leaves for Abu Dhabi, London
On Saturday, January 14, 2023, Nana Addo Dankwa Akufo-Addo, the President of the Republic, left Ghana to head a team to the Abu Dhabi Sustainability Week in Abu Dhabi, United Arab Emirates (UAE). The Abu Dhabi Sustainability Week (ADSW) is a global campaign to promote sustainable development and improve economic, …
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