BUSINESS
Two transport unions to increase fares effective April 13
The Concerned Drivers Association of Ghana and the Transport Operators of Ghana have collaboratively declared a rise in transport fares, which will take effect from Saturday, April 13, 2024. This move comes in response to the recent upsurge in petroleum prices. In a statement released on Monday, April 8, 2024, they have outlined the following […]
Dumsor: There is no load-shedding in Ghana – ECG MD
The Electricity Company of Ghana (ECG) has reaffirmed that the country is not experiencing any power outages, popularly referred to as “dumsor,” at present. In a recent statement, the ECG clarified that there is no active load-shedding program in place, contrary to some circulating reports suggesting otherwise. Despite public calls for a schedule outlining potential […]
Upper East and Upper West Regional Ministers reshuffled by Akufo-Addo
President Nana Akufo-Addo has announced a reshuffle in the regional composition of his government, which is set to take effect today, April 4, 2024. This information was conveyed in a statement signed and issued by Eugene Arhin, the Director of Communication at the Office of the President, on Thursday, April 4th. The statement indicated that […]
Pig kidney transplant patient leaves hospital
The pioneering recipient of a genetically modified kidney transplant from a pig has been discharged from the hospital. The 62-year-old individual was released on Wednesday, marking two weeks since the groundbreaking surgery took place at Massachusetts General Hospital (MGH). Previous attempts at organ transplants from genetically modified pigs have encountered failures. However, the success of […]
Akufo-Addo appoints Joseph Abuabu Dadzie as CEO of GNPC
President Akufo-Addo has named Joseph Abuabu Dadzie as the interim Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC). Before this appointment, Dadzie held the position of Deputy Chief Executive (DCE), overseeing Commerce, Strategy, and Business Development within the corporation. He steps into this role succeeding Opoku-Ahweneeh Danquah, who took over as CEO […]
IMF staff arrive in Ghana for second review, third tranche talks
Ghana is entering its second review of the three-year, $3 billion IMF-supported Program for Economic Growth (PC-PEG), which was established to address challenges arising from the COVID-19 pandemic. The review begins on April 2, 2024, following a successful initial assessment in January. IMF mission staff arrived over the weekend to evaluate Ghana’s progress over the […]
Passport application fees Increased by 400%
The Ministry of Foreign Affairs has made a notable announcement regarding adjustments to the fees for passport applications, revealing substantial increases in the charges. The fee for the 32-page booklet under the standard service has been raised from GH¢100 to GH¢500, while the 48-page booklet will now cost GH¢644. Individuals selecting expedited service will also […]
Midwifery council suspends newly approved verification fee
The Nursing and Midwifery Council of Ghana has decided to halt the implementation of the newly approved fees for nurses until they undergo a thorough review process. This decision comes in response to the outcry from the Ghana Nurses and Midwives Association, which had announced its intention to go on strike in protest of the […]
$300m loan from World Bank hits BoG account
The World Bank has officially disbursed the US$300 million loan facility to Ghana for budgetary support. This significant amount was transferred to the Central Bank’s account today, on Wednesday, March 27, 2023. It represents the first installment in a series of three operations, each totaling $300 million, aimed at supporting crisis response and resilience efforts […]
Locked-up Investment Holders protest in Accra
Members of the Locked-up Investment Holders Forum have organized a passionate protest on the streets of Accra, calling for the release of their long-overdue investments from Financial Houses and Savings and Loans companies. The group, led by the determined Dr. Adu Anane Antwi, initiated discussions with the Bank of Ghana a year ago to facilitate […]