Andrew Dabalen, the Chief Economist for the Africa Region at the World Bank, has expressed optimism regarding the forecasted 3.8% growth in Sub-Saharan African countries by 2025. The World Bank’s Africa Pulse Report for April 2024 anticipates growth in Africa in the coming years. The report also suggests that domestic resource mobilization and international support […] The post Africa’s
The Ghana Tertiary Education Committee (GTEC) has directed all universities to cease the operation of satellite campuses situated on Senior High School (SHS) premises and other unauthorized locations. This decision stems from GTEC’s assessment of such activities as unlawful, given that these universities are operating beyond their accredited facilities. In an interview with Citi News, […] The post GTEC
Minister of Interior, Henry Quartey, has taken a firm stance against individuals who spread hate and fear through their online posts in the lead-up to the 2024 general elections. During a working visit to the Inspector General of Police, Dr. George Akuffo Dampare on Monday, April 8, Henry Quartey highlighted the importance of maintaining public […] The post 2024
Ghana faces a potential health crisis after the Global Fund suspended shipments of essential medical supplies due to delays in clearing previous donations stuck at Tema Port. This includes vital antiretroviral drugs for HIV/AIDS patients. The Africa Center for Health Policy Research and Analysis (ACHPR&A) expressed grave concern over the government’s inaction in expediting the […] The post Health
The Public Relations Officer of the Ghana Cocoa Board (COCOBOD), Fiifi Boafo, has dismissed the existence of a group purportedly led by Stephenson Anane Boateng. This response follows Mr Anane Boateng’s rejection of COCOBOD’s announcement of a 58.26 percent increase in cocoa prices, which has been set at GH¢33,120 cedis per ton for the 2023/2024 […] The post Cocoa
The Public Relations Officer of the Ghana Cocoa Board (COCOBOD), Fiifi Boafo, has lauded the achievements of the Akufo-Addo government in the cocoa sector amidst criticism from the minority in Parliament. During an interview on The Point of View on Citi TV, Fiifi Boafo defended the government against accusations of shortchanging cocoa farmers despite a […] The post Ghanaian
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has urged the Ghana Union of Traders Association (GUTA) to press Vice President Dr Mahamudu Bawumia to eliminate certain nuisance taxes introduced by the current government. In his address to GUTA members, Mahama stressed the critical nature of the issue and called on Dr […] The post Tell
Osman Abdulai Ayariga, the Deputy National Youth Organiser of the National Democratic Congress (NDC), has called on the Special Prosecutor to probe all instances of suspected corruption and related offences revealed by The Fourth Estate’s recent investigation into the Scholarship Secretariat’s awarding of scholarships. The Fourth Estate’s investigation found that scholarships were granted to influential […] The post Abdulai
Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has revealed that he cautioned President Akufo-Addo against tampering with the Energy Sector Levy Act (ESLA), expressing concerns that such actions could lead Ghana back into the era of ‘dumsor,’ referring to the country’s previous power crisis. Mahama made this disclosure during a meeting with […] The post Dumsor:
The Department of Parks and Gardens has issued a stern warning to private developers encroaching on their land. The department has threatened to demolish all illegal structures on their lands. This action follows a recent Citi News report on land encroachment in the Upper West region, where a fuel station has been erected on the […] The post Parks and Gardens to demolish illegal
The New Patriotic Party (NPP) has opened nominations in two Constituencies for Parliamentary Primaries ahead of the December 7 elections. The NPP’s National Executive Committee, in its meeting on April 9, 2024, announced the opening of nominations for parliamentary primaries in two constituencies: Akan and La Dadekotopon. The decision follows the resignation of Dr. Joseph […] The post NPP
President Nana Addo Dankwa Akufo-Addo has terminated the appointment of the Director-General of the Social Security and National Insurance Trust (SSNIT) Dr. John Ofori Tenkorang. Dr. Tenkorang has been instructed to hand over his duties to Kofi Bosompem Osafo-Maafo by Monday, April 15. “Reference is made to your appointment letter dated 1st July 2019, issued […] The post Akufo-Addo sacks SSNIT
Customers of Gold Coast Fund Management in the Ashanti region have issued an ultimatum to the government to return their locked-up investments or they will campaign against the party in the upcoming elections. The customers, who are agitated and frustrated, have set a deadline of June 30, 2024, for the return of their funds. In […] The post Aggrieved
Deputy Minister for Foreign Affairs and Regional Integration, Kwaku Ampratwum-Sarpong, has asserted that Ghana’s international image has not been affected following the passage of the Anti-Gay Bill. Although the Human Sexual Rights and Family Values Bill was approved by Parliament in February, it still awaits presidential assent. In an interview with Citi News, Mr. Ampratwum-Sarpong […] The post Ghana’s
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
Credit to the private sector by banks will continue to squeeze due to the Bank of Ghana’s high Credit Reserve Ratios (CRR). This is one of the key findings and conclusion of a research paper by banking consultant, Dr. Richmond Atuahene and data and research analyst, Isaac Kofi Agyei. The report titled ‘Thirsty Banks: Ghana’s […] The post BoG’s
Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei have admonished the government to cut its expenditure by 30 per cent to effectively combat inflationary pressures. The two in a report titled, ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ raised several concerns including the government’s approach of “relying […] The post Cut
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […] The post Many
Minister of Parliamentary Affairs, Osei Kyei-Mensah-Bonsu, has revealed that resigning from his position as Majority Leader was the best decision he ever made. The Suame MP stated that his primary motivation was to prevent disunity within the Majority front in Parliament. Speaking to journalists in Kumasi for the first time since his resignation in February, […] The post Resigning
The Bank of Ghana has urged the public to volunteer information on suspected cases of money laundering and unexplained wealth. This is to combat financial crimes, sanitize the industry and uphold the integrity of the country’s financial system. The Central Bank stressed collaborative efforts in identifying and addressing illicit financial activities that pose a threat […] The post Volunteer
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