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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

President Nana Addo Dankwa Akufo-Addo has appealed to foreigners of African origin who have heeded to “Year of Return” initiative and have visited Ghana to help make Africa the place for investment and economic development. Addressing attendees of an event organized by the British High Commission for all people who are in Ghana as part of the “Year of Return” ...

The Energy Sector Levy Act (ESLA) Plc will, on Monday, 30 December 2019, seek to raise GHS260 million additional funds via a 12-year Ghana cedi denominated bond. This will represent Tranche E4 under the GHS10-billion programme. The bond sale was opened to the investing public on 24 December 2019 and will mature on 15 December 2031. In a statement, ESLA ...

Food prices are climbing fast in the world’s biggest emerging markets, posing a possible inflation threat after months of dormant pressures. Asia’s two largest developing economies face a price surge for staple products — pork in China and onions in India — that are central to consumers’ diets. In Turkey and Nigeria, supply problems are driving up costs, while United ...