The cost of credit to companies in Ghana remains elevated, with all banks in the country unable to offer corporate loans at rates below 30%. Firms seeking loans from banks are contending with rates as high as about 50%. This is compounded by the double whammy of the threats these high rates pose to the […] The post Interest on business loans hitting
Senior Resource Manager and Engineer at GE Vernova, a global energy company, David Appiah is making headlines with his ambitious goal to break the Guinness World Record for the longest speech marathon. He will take the stage and attempt to inspire the youth with his motivational speaking skills on Tuesday, June 25, 2024, at the […] The post Meet David Appiah,
President Nana Addo Dankwa Akufo-Addo has sworn in 24 new ministers and deputy ministers. At a brief ceremony at the Jubilee House, President Akufo-Addo asked the new ministers to help him fulfil his mandate to ensure citizens have access to opportunities for growth and prosperity. He urged the new appointees to work diligently towards him […] The post Akufo-Addo swears-in
Ghana placed 8th in Africa for private infrastructure investment, totaling $137 million, as per the World Bank Private Participation in Infrastructure (PPI) 2023 Annual Report. The report highlights that Ghana undertook only one infrastructure project during this period. The report indicates that private infrastructure investment in low and middle-income countries reached $86 billion in 2023, […] The post Ghana
Members of the Ghana National Petroleum Tanker Drivers Union have declared an indefinite sit-down strike demanding improved conditions of service. According to the drivers, an agreed-upon policy framework aimed at enhancing their salaries and other working conditions has been on the table of the National Petroleum Authority (NPA) board since November 2023. Despite several efforts […] The post Tanker
The SanlamAllianz Group has announced that it has received a final no objection from the National Insurance Commission (NIC) to proceed with the planned merger between Sanlam Life Insurance Ghana LTD. and Allianz Life Insurance Ghana LTD, as well as Sanlam General Insurance Ghana LTD and Allianz Insurance Ghana LTD. This follows the announcement in September 2023, […] The post Sanlam,
Ghana is on track to secure board approval from the International Monetary Fund (IMF) for the third tranche of $360 million out of its $3 billion extended credit facility. The government’s ongoing support programme, which aims to stabilise the economy and foster sustainable growth is said to be showing better-than-expected results. So far, Ghana has […] The post Ghana
Hollywood star Scarlett Johansson has said she was left “shocked” and “angered” after OpenAI launched a chatbot with an “eerily similar” voice to her own. The actress said she had previously turned down an approach by the company to voice its new chatbot, which reads text aloud to users. When the new model, called Sky, […] The post Scarlett
Arne Slot says the opportunity to work at one of the “biggest clubs in the world” was “difficult to ignore” as he was confirmed as Liverpool’s new head coach. The Reds agreed a compensation deal worth £9.4 million with Feyenoord in April after the 45-year-old was identified as the man to succeed Jurgen Klopp at […] The post Liverpool job ‘difficult
The United States says it will pull all its troops out of Niger within the next four months or so after the West African country’s military government ordered them to leave. Niger last month told Washington to withdraw its military personnel, which number close to 1,000, branding their presence “illegal”. The military government, which took […] The post US set to evacuate
Israeli Prime Minister Benjamin Netanyahu has angrily condemned the International Criminal Court’s prosecutor for seeking arrest warrants for him alongside Hamas’s leaders over alleged war crimes in the Gaza conflict. Mr. Netanyahu said he rejected with disgust that “democratic Israel” had been compared with what he called “mass murderers”. Mr Netanyahu’s comments have been echoed […] The post Netanyahu
The Majority Caucus in Parliament has disclosed that the government has paid contractors in excess of GH¢6 billion within the last two months. This follows a claim by the Minority Caucus that the government borrowed GH¢7 billion from the Treasury Bill market to pay contractors. Although the claim has been denied by the Chamber of […] The post Govt recently paid
Hiplife legend Barima Sidney has revealed that his colleague DJ Azonto wouldn’t be compensated by Dr Bawumia for dancing to his hit song ‘Fa No Fom’ at his campaign rally. DJ Azonto in a statement demanded that Vice President Dr Bawumia pay him $ 10 million after he danced to ‘Fa No Fom’ at his […] The post DJ Azonto won’t get a penny from
The Spokesperson of the National Chief Imam, Sheikh Armiyawo Shaibu, has urged politicians to stop preparing the minds of the youth for violence ahead of the 2024 general elections. He expressed worry about the numerous acts of violence recorded in the ongoing limited voter registration exercise. According to Sheikh Armiyawo Shaibu, the pockets of violence […] The post Election
Archbishop Nicholas Duncan Williams, the Founder and General Overseer of Action Chapel International, has called on all stakeholders in Ghana’s electoral process to ensure a peaceful election in 2024. He stressed that maintaining peace is essential to preventing violence before, during, and after the elections, in order to avoid a scenario where Ghanaians might be […] The post Election
The barbering industry, despite widespread unemployment, is emerging as a beacon of hope, offering a platform for entrepreneurship and economic empowerment. From small towns to bustling cities, barbers are attracting a diverse clientele and maximising profitability. Jonathan, a barber in Accra, operates a tabletop salon near the Kinbu School. For the past five years, this […] The post Barbering
A seven-year-old boy has died after drowning in the Agyei River at Nurses Quarters, a suburb of Ngleshie Amanfro in the Ga South Municipality of the Greater Accra Region. The lack of a bridge on the river to aid easy crossing has been identified as the cause of the drowning and subsequent death. The deceased, […] The post Ngleshie Amanfro: Seven-year-old
The Minority Leader, Dr. Cassiel Ato Forson, has stated that the Minority in Parliament saved Ghana $150 million by challenging the government’s tax waiver for 42 companies under the One-District-One-Factory initiative. He explained that due to the Minority’s objections to some of the assessments of the companies, the exemptions were revised from $459 million to […] The post Tax
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