A private citizen, Emmanuella Sarfowaah, has filed a lawsuit against President John Dramani Mahama over his appointment of Anthony Kwasi Sarpong as the Acting Commissioner-General of the Ghana Revenue Authority (GRA). The legal action, brought through the Attorney General and Minister of Justice, Dominic Akuritinga Ayine, challenges the validity ofContinue Reading
Minister of State in charge of Government Communications, Felix Kwakye Ofosu has outlined the country’s escalating debt servicing obligations, revealing the extent of the financial burden the government faces. According to him, on 2nd January, Ghana made a debt servicing payment of $364 million, but this is only the beginning.Continue Reading
AngloGold Ashanti has confirmed illegal miners clashed at Obuasi Mine, resulting in seven deaths. President Mahama orders investigation into the matter. AngloGold Ashanti Ghana has confirmed a tragic incident at its Obuasi Mine, where a confrontation between security forces and illegal miners led to the loss of seven lives. The incidentContinue Reading
Finance Minister, Dr. Cassiel Ato Forson, has tasked the leadership of the Controller and Accountant-General’s Department and the Ghana Revenue Authority (GRA) to work diligently to meet and exceed fiscal and revenue targets. During a meeting with these key agencies under his supervision, Dr. Forson stressed the need for fiscalContinue Reading
Finance Minister Dr. Cassiel Ato Forson has called on his staff to provide their collective support in steering Ghana towards economic stability. Ghanaian-themed art He made the appeal during an inaugural meeting with the top management of the Ministry of Finance on Thursday, January 23, 2024, following his approval byContinue Reading
Fan Milk PLC has apologised to motorists and the public for the inconvenience caused by a truck accident involving one of its third-party logistics partners. The incident occurred on the Achimota-Tesano overhead bridge on Saturday evening, January 25, 2025. In a statement, the company expressed regret over the incident, whichContinue Reading
Ghana’s gross international reserves increased by $US1.101 billion in December 2024 to hit US$8.982 billion. This is equivalent to 4.0 months of import cover. According to data from the Bank of Ghana, the country’s reserves stood at $6.31 billion in January 2024 but dropped to $5.99 billion in March 2024.Continue Reading
Ghana’s total public debt fell by GH¢24.1 billion month-on-month to GH¢761.0 billion in November 2024, the Bank of Ghana has disclosed in its January 2025 Summary of Financial and Economic Data. This was a result of external debt restructuring which has trimmed Ghana’s external debt component. In dollar terms, theContinue Reading
The Ghana cedi lost 2.4% in value to the US dollar in the first month of 2025. This is compared to a depreciation of 1.3% during the same period last year. According to the Bank of Ghana, the local currency traded at a rate of GH¢15.06 to the American greenbackContinue Reading
President Mahama’s nominee for Finance Minister, Dr. Cassiel Ato Forson, has pledged to reduce Ghana’s inflation to single digits through robust fiscal measures, particularly by controlling government expenditure. Speaking during his vetting on January 13, Dr. Forson outlined a series of proposals aimed at stabilizing the economy, including cutting unnecessaryContinue Reading