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The Ghana Psychological Association (GPA) has expressed concerns over the revocation of banking licenses of UT/Capital Banks by the Bank of Ghana. In a full text of a four-paged document signed by Mr Richmond Acquah-Coleman, the Public Relations Officer of the association, the psychologists expressed dissatisfaction at the processes leading...
A Tamale Circuit Court has issued bench warrant for the arrest of two residents of Zogbeli and Lamakara in the Tamale Metropolitan Area for allegedly assaulting staff of the Northern Electricity Distribution Company (NEDco). The accused persons, Iddrisu Ibrahim and his accomplice only identified as Coolio have been accused of...
Some spare parts dealers at Abossey Okai in Accra, have denied reports that their decision to reduce prices of their products ahead of the Christmas season, was done in solidarity with the newly elected President, Nana Akufo-Addo. The leadership of the spare part dealers say the recent decrease in prices...
Deputy Finance Minister, Hon. Kwaku Kwarteng has ruled out any possibilities of sabotage in the difficulties surrounding the newly introduced paperless port clearing process as suspected by a section of Ghanaians. ''We visited the port yesterday and after deliberations with the officers in charge, we realized that they have legitimate...
The Central Bank Governor, Dr Abdul  Nashiru Issahaku has resigned. According to reliable information his resignation takes effect from the 1st of April, 2017. It’s unclear what led to his resignation but the Governor is reported to have cited personal reasons for the move. Dr Issahaku was appointed Governor of the Bank of...
The Minister of Finance, Ken Ofori-Atta, has directed that names of 26,589 public sector workers be removed from government’s payroll this month. A press statement from the ministry copied to newsmen, explained that “those affected have not been registered on the new SSNIT biometric system, despite several directives to do...
Madam Shirley Ayorkor Botchwey, the Minister of Foreign Affairs and Regional Integration, has reiterated the need for the business community to add value to their export commodities. According to her, adding value to raw materials coupled with Government’s vision of industrialising the nation from consumption to production would fast-track economic...
The Danquah Institute has commended the Bank of Ghana for the intervention that allowed GCB to takeover distressed UT and Capital Bank. A statement signed by the executive director of the institute, Dr. Kingsley Nyarko noted that the timeous rescue of the banks define the competence of those at the...
A deputy Finance Minister, Kwaku Kwarteng has disclosed that the decision by the government to allow for an extension of the International Monetary Fund (IMF) programme with Ghana was at the behest of the Bretton Wood Institution. The IMF, in a statement in August, announced the extension of the programme...
Government will take measures to protect local businesses from foreign competitors, the Finance Minister, Ken Ofori Atta has said. In response to concerns raised by the President of the Association of Ghana Industries , James Asare Adjei on competition from foreign investors at the maiden National Policy Summit, the Minister...