One of the victims of the clash At least three students were stabbed Friday at the University of Cape Coast (UCC) following a clash between some students of the University of Ghana and Kwame Nkrumah University of Science and Technology (KNUST). A UCC student who was returning from night studies is reportedly paralysed as a … Read more
Management of SIC Insurance Company Limited has assured its customers and stakeholders to remain calm following a case the company is battling in court against non-bank financial institution, Ivory Finance. The two companies have been in a long standing legal and board room battle over the debt which came up after SIC guaranteed a 14 … Read more
The gains the Cedi made this week is expected to continue next week as forex inflows improve amid lower import demands on the currency. After touching record lows of GHc4.7 to the dollar early this month, the cedi gained strength this week rallying to GHc4.56 by mid-morning yesterday. The Cedi is linked to the dollar … Read more
Government’s decision to issue a three-year bond last week has helped stabilize the cedi marginally on the interbank market. The local currency which has been depreciating sharply since last month has made some marginal gains over the past five working days. The cedi which was trading at around, GHC4.80 around early March is now trading … Read more
The Bank of Ghana has expressed happiness about the performance of the latest legal tender released onto the market. Though there have been mixed responses over the new GH¢5 notes, the Bank says the effort it put into campaigning for the acceptance of the notes is yielding positive results. The notes were released on Tuesday, … Read more
Stanbic Bank Ghana has donated an amount of ten thousand Ghana cedis (¢10,000) to the Students’ Aid Fund (SAFund) of the Students’ Representative Council (SRC) of the Ghana Institute of Journalism (GIJ). The donation on Wednesday, March 16, 2017, was in fulfillment of a promise made by Mr. Alhasaan Andani, the Managing Director of Stanbic … Read more
It appears most of the Oil Marketing Companies (OMCs) have not reduced the prices of their petroleum products for the first pricing window in March. This is contrary to predictions that fuel prices will be reduced for the period. The Institute for Energy Security (IES), early this week, indicated that prices for petroleum products are … Read more
He said the bank is working to prevent any attempt to counterfeit the new note Head of Currency at the Bank of Ghana, Mr. Edward Musey has stated that the new 5 cedi note was only printed for the [email protected] celebrations but not to wipe out the already existing 5cedis note. He explained that the … Read more
Ghana’s foremost indigenous Oil Marketing Company and CIMG Petroleum Company of the year, GOIL, has reduced its ex-pump prices of petroleum products in the second window of the month of March. A statement released in Accra said GOIL’s Super XP has been reduced by six pesewas per litre while Diesel XP goes down by four … Read more
Inflation for the month of February dropped to 13.2 percent. It represents a monthly change rate of 0.1 percent compared to the 13.3 percent recorded in January this year. According to the Ghana Statistical Service, the food and non-alcoholic beverages recorded an inflation of 7.1 percent while the non-food category recorded an inflation of 16.4 … Read more
Two financial analysts have predicted the Ghanaian cedi, which has been depreciating against major trading currencies, will stabilise by the end of the first quarter of the year. The cedi has in the last few days seen a marginal appreciation against the US dollar and currently sells at GHC4.30 dollars to a dollar. Fiscal slippages … Read more
Inflation for the month of February dropped to 13.2 percent. It represents a monthly change rate of 0.1 percent compared to the 13.3 percent recorded in January this year. According to the Ghana Statistical Service, the food and non-alcoholic beverages recorded an inflation of 7.1 percent while the non food category recorded an inflation of … Read more
The General Secretary of the National Democratic Congress (NDC), Johnson Asiedu Nketia, has charged Vice President Dr Mahamudu Bawumia to focus his efforts on resolving the economic challenges facing the country rather than embarking on needless lectures. Information has been circulating on social media that Dr Bawumia will deliver a lecture on the topic “Arresting … Read more
The Minister of Education, Dr. Matthew Poku Prempeh has said that government has initiated talks with all stake holders in the University Education sector to introduce a single application form for all public universities in the country. He laments that the current system where every university has a different application forms and sold for several … Read more
The Minister of Education, Dr. Matthew Poku Prempeh has said that government has initiated talks with all stake holders in the University Education sector to introduce a single application form for all public universities in the country. He laments that the current system where every university has a different application forms and sold for several … Read more
The Minister of Education, Dr. Matthew Poku Prempeh has said that government has initiated talks with all stake holders in the University Education sector to introduce a single application form for all public universities in the country. He laments that the current system where every university has a different application forms and sold for several … Read more
A 35-year-old ex-convict who broke his arm working for the prisons as part of his sentence is demanding that the service provides him medical support. Kwaku Nti fell from the building he was working on as a mason whiles serving a four year prison term for a traffic offence. Though he has been granted amnesty, … Read more
Telecom giant MTN Ghana will finalize processes to float shares on Ghana Stock Exchange (GSE) this year – 2017. MTN commenced moves to list on the GSE last year – 2016, as part of conditions under which it secured the 4G license in late 2015. The company which spent US$67.5million to acquire the license which … Read more
The manager also known as Blakk Cedi gave an explanation on facebook Manager of Bhim Nation President Stonebwoy; Sidi Mohammed in a latest social media post has indicated Stonebwoy did not take shots at the ETF general. In the first verse of Migrane Stonebwoy sang; “I have a Golden Heart 24karat Chat dem A Chat … Read more
Government has been advised to work closely with the Ghana Revenue Authority(GRA) if it intends to block leakages in the revenue systems to generate additional one billion cedis annually. The 2017 budget statement targets about 30 percent improvement in revenue generation particularly at the ports while the tax exemptions announced is projected to cost 2.5 … Read more