The Bank of Ghana has warned against the pricing, advertising and receipt or payment for goods and services in foreign currencies. This is the third time this year the BoG has issued the notice prohibiting the act after similar calls in April and May. Some institutions and individuals trade in foreign currencies which are without authorisation according to the BoG. ...

Gideon Boako, a spokesperson for the Vice President, has rejected claims that government’s indebtedness to GN Savings and Loans Company caused its collapse. The Chairman of Groupe Nduom, Dr. Paa Kwesi Nduom had alleged that government’s failure to pay contractors who owed him caused his company’s demise. Former President John Dramani and some residents of Elmina in the Central Region ...

As part of the processes initiated by the President and Chairman of Groupe Nduom (GN), Dr. Papa Kwesi Nduom through the Gold Coast Fund Management (GCFM) in court to recover investment funds and pay aggrieved customers of their locked-up investments, a list of companies and individuals indebted to GCFM has been released. The list includes construction companies and top firms ...

The Ghana Standards Authority (GSA), has charged the public to desist from buying food commodities from traders who are stacked with old systems of measurement and weighing – ‘Olonka’. According to the Director of Public Relations at the GSA, Dr Kofi Amponsah-Bediako, every trader is supposed to use calibrated devices to measure or weigh items for buyers in other to ...

Ghana currently imports about 50,000 metric tonnes of palm oil annually. The country also spends between $600 and $800 to import a tonne of the commodity. This means that the country spends between $30 million and $40 million to import palm oil each year, depending on the price on the world market. Palm oil is used primarily in food products: ...

The Kumasi Metropolitan Assembly (KMA) has urged the general public to disregard what it describes as the “falsehood” being propagated by some communicators of the National Democratic Congress (NDC) to the effect that stalls at the newly-constructed Kejetia Market are being allocated to only loyalists and supporters of the governing New Patriotic Party (NPP) through its Ashanti Regional Chairman, Mr ...

Vice President Dr. Mahamudu Bawumia has expounded what the real effects of President Akufo-Addo’s flagship one million dollars per constituency policy are. At a special breakfast meeting with Caribbean and African heads of mission in Havana, Cuba on Friday, 19th July 2019, Vice President Bawumia highlighted progress made by government to develop Ghana to the admiration of the diplomatic Corp. ...

Mr Mohammed Zackaria Bakor, the Sissala West District Chief Executive (DCE), has said two out of the ten dams under the One-Village-One-Dam (1V1D) programme have been completed. He said out of the remaining eight dams, four were at an advanced stage of completion, two of them were 50 per cent complete while work on the remaining two is yet to ...

The mid-year budget review which will be delivered by Mr Ken Ofori-Atta, the Finance Minister, on July 29, will among others focus on augmenting government revenues to fund the outstanding coordinated programmes of social and economic policies. Mr Kojo Oppong Nkrumah, the Information Minister, who announced this a media briefing in Accra on Sunday, said the 1992 Constitution requires every ...

Government has announced plans to start road infrastructural development in the second half of the year, amounting to three billion cedis. The road projects are expected to see a major boost nationwide upon the resumption of the cocoa roads projects. It will be recalled that cocoa road projects were discontinued for audit and re-scoping and proper alignment of funds to ...