Business

Nyinahin bauxite: ‘Give us concession, CEO post’ – Tano-Offin chiefs tell ‘deceitful’ GIADEC

Traditional leaders of Tano-Offin have accused the Ghana Integrated Aluminium Development Corporation (GIADEC) of opaqueness in its operations and plans as far as the mining of bauxite in the Nyinahin forest reserve in the Ashanti Region is concerned. In a statement of protest jointly signed by Nana Tabbri Gyansa III, Mpasaso Omanhene (No1); Nana Kusi Amankwaa Marfo II, Nkawie Paninhene; ...

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‘Galamsey’ back in full swing as illegal miners ravage Oda River, Forest Reserve

After three years of intense war against illegal mining popularly known as ‘Galamsey’, it appears the efforts are not paying off as illegal miners continue to pillage Forest Reserves and pollute water bodies for gold. In the Oda River Forest Reserve in the Amansie Central District of the Ashanti region, seven hectors of the 16,000 hectors of Forest Reserve have been wiped ...

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Galamsey operators invade Oda River Forest Reserve

Hundreds of illegal miners have invaded the Oda River Forest Reserve in the Amansie Central District in the Ashanti Region, leaving officials of the Forestry Commission frustrated. The illegal miners, who are said to be riding on the shoulders of “big men” are depleting the 16,000-hectare forest with impunity. This came to light when the Minister of Lands and Natural ...

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‘Import of basic food stuffs stopped due to Planting for Food & Jobs

The successful implementation of the Planting for Food and Jobs (PFJ) has cut the import of food stuffs from neighboring countries, President Nana Addo Dankwa Akufo-Addo, has told journalists at a press conference at the ongoing World Economic Forum, in Davos, Switzerland, on Thursday, 23rd January, 2020. Describing the revival of Ghanaian agriculture as one of the outstanding developments that ...

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‘Sit up or we’ll withdraw our support’ – Otumfuo warns KMA

The Asantehene Otumfuo Osei Tutu II has sent the strongest signal to the Kumasi Metropolitan Assembly that his stool will not hesitate to withdraw its financial support to the Assembly if it continues performing abysmally in the delivery of its mandate. This was contained in a fiery address delivered by the Bantamahene Baffour Amankwatia VI at the swearing-in ceremony of ...

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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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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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IMF pushes for increment of taxes

The International Monetary Fund (IMF) has strongly advised government to consider increasing some existing taxes and re-introduce others government branded as ‘nuisance’ and scrapped in 2017, as part of the short-term measures to address the persistent revenue shortfall. In its 2020 Article IV Consultation report, one of the taxes it called on government to re-introduce is the 17.5 percent VAT ...

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