here is tension at Tiptoe Lane near the Kwame Nkrumah Interchange in Accra following a decision to close down retail shops owned by foreigners. The Presidential Committee on Retail Trade under the Ministry of Trade and Industry decided to take...
  The Bank of Ghana (BoG) has, at its 93rd Monetary Policy Committee (MPC) meeting held yesterday, projected a grim forecast for the country’s economy as a result of the Covid-19 pandemic. The MPC forecasts a huge drop in the...
Parliament has passed the Narcotics Control Commission (2019) Bill into law making the usage of cannabis, popularly called ‘Wee’ in Ghana, for health and industrial purposes legal. The Bill which was passed into law last Friday transforms the Narcotics...
The U.S. Securities and Exchange Commission has charged the Managing Director of the Tema Oil Refinery (TOR), Asante K. Berko, a former banker at Goldman Sachs Group Inc, for “orchestrating a bribery scheme” and arranging at least $2.5 million...
  Mr. Vice President: We suffered dumsor in Ghana between 2005 to 2008 when you were a Deputy Governor of the Bank of Ghana and a member of the Economic management team. Can you remind Ghanaians about any stimulus package you...
On August 16TH,2019 the Bank of Ghana revoked the licenses of 23 insolvent savings and loans companies and finance house companies in line with the Banks and Specialized Deposit-Taking Institutions Act, 2016. The Bank of Ghana has also appointed Mr....
The presentation made to Parliament by Hon. Ken Ofori-Atta on the economic impact of the Coronavirus pandemic suggests that the targeted surplus primary balance and lower than 6% budget deficit are not to be expected by end of the...
The Ecobank Ghana Head Office in Accra was on Tuesday morning, July 21, nearly taken over by police officers who were there to enforce a High Court order over a debt the bank owes a private entity. In a court...
  Author: Comrade Eric Adjei  The shocks from the COVID-19 pandemic and more importantly the recent drop in oil prices have fiercely uncovered the fragility and weakness of Ghana’s economy on the following two fronts: The vulnerability of non-oil sectors of...
Finance Minister Ken Ofori-Atta has admitted that it was impossible for the government to have continued the partial lockdown imposed on Accra, Tema, Kasoa and Kumasi beyond the three weeks announced by President Akufo -Addo. According to him, the Ghanaian...
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