The Bank of Ghana (BoG) has informed all freight forwarders, customs house agents, and cross-border traders of the directives regarding the Letter of Commitment (LOC) process and compliance requirements for cross-border trade. LOC Applicability The BoG in a statement that the Letter of Commitment is an export document generated through the Integrated Customs Management System […]
The Police in the Ashanti Region have announced that they have gunned down three suspected armed robbers to prevent a planned highway robbery along the Anwiankwanta–Obuasi Highway in the Ashanti Region. The suspects, identified as Seidu Issah, Musah Yakubu, and Yahaya Munkaila, also known as Tijani, were gunned down on 24th December 2025 when they […]
CEO of the Goldbod, Sammy Gyamfi, has said that the Minority made uninformed and unfounded claims on the 214 million reported Bank of Ghana gold loss. The Minority in Parliament had projected that the Bank of Ghana’s gold losses would hit 300 million by the end of the year. This projection was made by the […]
The Minority in Parliament has filed a motion for the establishment of ad hoc committee to investigate the Gold-for-Reserves programme and $214m gold losses by the Bank of Ghana (BoG). Member of Parliament for Ofoase Ayirebi, Kojo Oppong Nkrumah said that the purpose of the said Ad Hoc Committee shall be to inquire into, inter […]
World-renowned boxer Anthony Joshua was involved in a road accident today in Makun, Ogun State. Eyewitnesses report that the incident occurred along a busy highway of the Lagos-Ibadan expressway around past 11am on Monday afternoon. The vehicle carrying Joshua, a Lexus Jeep with the number plate, KRD 850 HN, reportedly collided with a stationary truck […]
CEO of the National Petroleum Authority (NPA), Godwin Edudzi Tameklo, has highlighted the economic benefits of locally refining crude oil. He makes the point that refining the crude oil locally will ease the pressure on the Cedi further and also impact the pricing regime greatly. Mr Tameklo was commenting on the resumption of operations of […]
The $214 million Bank of Ghana’s gold losses should not be blamed on market fluctuations, the Minority in Parliament has said. The opposition lawmakers say it is a system that was designed to make the state bleed and incur losses. Member of Parliament for Ofoase Ayirebi, Kojo Oppong Nkrumah, made these comments at a press […]
The Minority in Parliament has projected that the Bank of Ghana’s gold losses will hit $300 million by the end of the year. This projection was made by the Member of Parliament for Ofoase Ayirebi, Kojo Oppong Nkrumah, at a press conference in Parliament on Monday, December 29. Oppong Nkrumah called for an urgent bipartisan […]
The Minority in Parliament is demanding an urgent probe into the Bank of Ghana’s $214 million losses. Addressing a press conference on Monday, December 29, the Member of Parliament for Ofoase Ayirebi, Kojo Oppong Nkrumah, called for an urgent bipartisan committee to inquire into this matter. He said, “The IMF has already mentioned that 214 […]
Workers of the Electricity Company of Ghana, ECG, have begun a nationwide protest through the hoisting of red flags against government’s decision to appoint a transaction advisor for the power distributor. The workers, under the Public Utilities Workers Union (PUWU) say the move could threaten the future of ECG and warn of further industrial action […]
Hearts of Oak head coach Didi Dramani has provided a positive update on the fitness of goalkeeper Benjamin Asare, confirming that the shot-stopper is edging closer to a return after a spell on the sidelines. Asare has been unavailable since picking up an injury during an international friendly against South Korea in November. The setback […]
The European Union said that, in light of the decision by the WTO arbitrator on 29 October, it was requesting authorization from the DSB to take countermeasures to suspend concessions or other obligations with respect to US goods. Details are set out in WT/DS577/23. The arbitrator had determined that the EU may impose countermeasures on US goods […]
The Pai-Katanga Fire Post in the Oti Region responded to a road traffic collision involving a Scania truck. The truc was reportedly traveling from Benin to Nkawkaw before the incident on Sunday The crew, led by SubO John Justice Kpego, arrived promptly to clear hazards after three occupants had been safely rescued and taken to […]
Per the Bank of Ghana (BoG) rate, the cedi was buying at 11.0945 and selling at 11.1056 to a dollar, per the Bank of Ghana rate on Monday, December 29. The Pound was buying 14.9819 and selling at 14.9980. The euro was buying at 13.0675 and selling at 13.0793. The rate comes on the back […]
For years, the only primary school block in Gbolo Community has struggled to accommodate a rapidly growing pupil population. Originally designed for far fewer learners, the aging structure now houses more than 347 pupils, forcing children to learn in overcrowded classrooms and limiting effective teaching. On Saturday December 27, relief and renewed hope arrived as […]
2025 data points to escalating fuel smuggling in Ghana, driven by high taxes and weak governance, promoting tougher regulatory action amidst concerns of over-organised crime and economic leakage, particularly in the North. Ghana faces potential fiscal losses of GHC 7.2 billion from fuel import issues, including missing documentation and unchecked exemptions, as highlighted by IMANI […]
Honorary Vice President of IMANI Africa, Bright Simons, has explained one of the reasons why the Bank of Ghana’s losses may continue. He cited what he called the tension between commercial logic and policy goals. He explained that a commercial trader will time sales to make the highest gains. GoldBod appeared to time sales to […]
Honorary Vice President of IMANI Africa, Bright Simons, has explained one of the reasons why the Bank of Ghana’s losses may continue. He cited what he called the tension between commercial logic and policy goals. He explained that a commercial trader will time sales to make the highest gains. GoldBod appeared to time sales to […]
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