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The cedi’s struggle to sustain value beyond the short term continues to raise concerns about the economy’s long-term transformation, financial expert Adjei Boateng has said.Mr. Boateng, a chartered financial analyst (CFA), highlighted the cedi’s significant devaluation, losing 91.6 percent of its value since the 2007 redenomination of the currency due...
The World Bank has approved a $300 million Development Policy Operation for Ghana. The First Resilient Recovery Development Policy Financing is a crucial contribution by the Bank’s International Development Association (IDA) to help Ghana’s economic recovery and support the country’s resilient and inclusive growth.“The Government of Ghana remains committed to...
The Electricity organization of Ghana (ECG) has explained that the excessive heat waves being experienced in some parts of the country were impacting their effective service of power supply.It said due to the high ambient temperature at this time of the year, which also meant more use of power, some...
The Electoral Commission (EC) has allayed the fear of some NPP delegates who are being suppressed, intimidated and threatened by incumbent Members of Parliament to either vote for them in the upcoming parliamentary primaries or risk losing their positions as polling station executives. The MPs seeking to be retained are...
Nollywood actress Destiny Etiko says she desires to be a white woman in her next life.She made the revelation in response to a video posted by Instagram blogger Tunde Ednut, featuring two Caucasian women expressing their financial independence.In the video, the Caucasian women asserted their self-sufficiency, expressing a preference for...
The Manhyia South Constituency Chairman of the New Patriotic Party (NPP), Richard Adjei Mensah Ofori Atta, popularly known as 'Tom Tom', has described as fake, a claim by the Odotobri Constituency Chairman of the party, Dominic Bosompem that he is the Dean of the Ashanti Regional Constituency Chairmen of the...
Pope Francis has proclaimed that wine 'is a gift from God', and a 'true source of joy' for drinkers, as he cracked a joke about appearing drunks. Speaking at a private audience with Italian winemakers in the Vatican, he joked: 'This seems like a drunk pope.'He told the gathered group:...
The President, Nana Addo-Dankwa Akufo-Addo has appointed Mr. John Kwaning Mbroh as the Chief Executive Officer (CEO) of the National Pensions Regulatory Authority (NPRA).Mr. Mbroh, whose appointment takes effect from February 1, 2024, replaces Mr. Hayford Atta Krufi who proceeds on retirement after holding the position since 2017.Mr. Mbroh, a...
Liberia's new President Joseph Boakai has been declared "perfectly fine" by his doctors, his office says.The 79-year-old failed to reach the end of his inauguration speech and had to be helped away from the podium during his swearing-in ceremony on Monday.His office said he had suffered heat exhaustion but had...
Nigeria's Aliko Dangote has been listed by Forbes magazine as Africa's richest man for the 13th year in a row despite the country's economic difficulties.The 20 billionaires on its list are worth a combined $82.4bn (pound;64.8bn)."The continent remains one of the world's toughest places to build - and hold on...
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