Author Archives: edwardkanawu

Bank, Menzgold crises: ‘We’re making it difficult for NPP to win 2020 by stealing citizens’ money’ – Kwame Pianim

Economist Kwame Pianim has said the banking and financial crises that have caused customers to either lose some or all of their deposits and investments as a result of the Bank of Ghana’s revocation of the licences of nine local banks, 347 microfinance firms, 23 savings & loans and some finance houses, as well as the Securities and Exchange Commission’s ...

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5 things to know about the FX Development Committee

The Finance Ministry last week set up a 38-member body named Foreign Exchange Development Committee. The committee is charged with the responsibility of reviewing the existing forex regime and recommend workable solutions for a stable exchange regime. The formation of this committee was greeted with mixed reactions from a cross section of the Ghanaian populace. Some say the committee is ...

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Yamoah Ponkoh runs away from ‘bloody election’ claim

Leading member of the opposition National Democratic Congress [NDC], Afrifa Yamoah Ponkoh has denied strongly inciting his party foot soldiers to go all out for a ‘bloody election campaign’ ahead of the 2020 general polls. He claimed he is for ‘peace’ and will not call for ‘war’ as purported – “Anyone with evidence of the allegation should bring it out.” ...

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Ghana and World Bank sign $570 million agreement

Ghana and the World Bank on Friday signed four agreements, totaling nearly $570 million aimed to transform the economy, boost education, improve sanitation and fight flooding in Accra as well as reduce forest losses. Out of the total commitment for the four projects, $557 million is in loans and just over $12 million in grants. The Greater Accra Resilient and ...

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Data challenges 50% resolved – MTN Ghana

Africa’s telecommunication giant, MTN Ghana, has noted that it is halfway through with fixing mobile data connectivity issues that hit it on Thursday. A statement sighted by GhanaWeb read, “Yello valued customer, kindly be informed that user experience of our data services have significantly improved. We have currently fixed 50% of the issue”. The company stressed that works are still ...

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EC set for new voters register

The Electoral Commission (EC) is on track to compile a new voters’ register to replace the blemish-fraught roll. This came to light during the EC engagement with some civil society organisations (CSOs) at Alisa Hotel in Accra yesterday to justify the need for the compilation ahead of the 2020 general elections in December. The determination of the commission could not ...

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Banks collapse: Dr. Kwabena Duffour runs to court for ‘cover’ after BNI invitation

The founder of the UniBank, Dr. Kwabena Duffour, is seeking an interlocutory injunction from the court to restrain the Ghana Police Service over what he describes as “unlawful threats and harassment” following an invitation from the Crime Investigation Department (CID) last week. According to the embattled businessman cum politician, he was summoned with a letter from the Special Investigation team ...

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6.5 million Ghanaians registered under ‘Ghana Card’ roll-out – Akufo-Addo

President Akufo-Addo has disclosed that as at Wednesday January 8, 2020, some 6.5 million Ghanaians had been registered under the National Identification Authority’s (NIA) ‘Ghana Card’ roll-out. According to him, 3.7 million cards have so far been issued since the registration exercise commenced in April 2019. “As at Wednesday 8th January 2020, some 6.5 million Ghanaians have been registered since ...

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