The Minority in Parliament is demanding the immediate resignation of President Nana Addo Dankwa Akufo-Addo over the Osu Castle Militia exposé arguing that he has lost every moral right to lead the country. Addressing the media following the exposé by Journalist Manesseh Awuni, the deputy minority leader, James Klutse Avedzi, charged the Inspector General of Police to arrest all the ...

The National Chairman of the opposition National Democratic Congress (NDC) Samuel Ofosu-Ampofo has admonished government to focus on arresting the cedi from further depreciating against dollar instead of him. According to him, the ongoing investigation into comments attributed to him in a leaked tape is deliberate to divert attention from President Akufo-Addo’s bad governance style. “These are diversionary tactics. We ...

The Ghana Airports Company Limited (GACL), a state-owned company responsible for managing all airport facilities in the country, is financially constrained due to the high cost of the funds secured for constructing the state-of-the-art Terminal 3 at Kotoka International Airport (KIA). The B&FT on August 12, 2015 reported that the GACL had secured an amount of US$250million from a consortium ...

The Speaker of Parliament, Prof. Mike Oquaye has directed the Finance Minister, Ken Ofori-Atta to be in Parliament himself to answer questions filed by Members of the House. Prof. Mike Oquaye’s ruling follows the Minority’s insistence that the Minister and not his deputies be present to answer questions which mainly concern mobile money transactions and other details about the banking ...

Ghana’s Aviation Minister Joseph Kofi Adda has described the interest rate for the loan secured for the construction of the Terminal 3 at Kotoka International Airport as too much. In 2015, Ghana Airports Company Limited m interest rate of Libor plus 8.5%. The loan was approved by a consortium of banks led by Ecobank Capital. The Terminal 3 project at ...

The Speaker of Parliament, Prof.Mike Oquaye, has expressed concern about the posture of businesses in the informal sector which fail to pay taxes; maintaining that they are making life difficult for successive governments. Statistics from the GRA indicate that only 1.5 million of the expected six million taxpayers honour their tax responsibilities to the state, with 200,000 being from the ...

Aviation Minister says the loan facility secured for the Kotoka International Airport’s Terminal 3 project had a very high-interest rate which has prevented the Ghana Airports Company Ltd (GACL) from taking on other projects. According to Joseph Kofi Adda, the cost in putting up the Kotoka International Airport’s (KIA’s) Terminal 3 project is strangulating the Ghana Airports Company by preventing ...

The Bank of Ghana (BoG) says it will add a minimum of $800 million to the country’s reserves this month to stabilise the cedi against major international currencies, especially the dollar. The Head of Financial Markets at the central bank, Steven Opata, told the Daily Graphic that the accumulation of more dollars would help increase the net international reserve (NIR) ...

“This is not a church room. I heard some singing going on. This is the Police Headquarters with rules and regulations. Please respect yourselves. I need the Chairman and three of his counsel; the rest please go down… my name is ACP George Tweneboah, Deputy Director-General of CID.” These were the words of the Deputy Director-General of the Criminal Investigations ...

The case brought against Sedina Christine Tamakloe Attionu, former Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC) during previous Mahama administration is gradually taking shape, as the State has filed all the documents it intends to rely on for the trial. The trial court, presided over by Justice Afia Serwaa Asare-Botwe, has ordered the Office of ...