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Government confirms efforts to get $30m Airbus compensation

Government has confirmed that it has commenced efforts to get the country’s share of the Airbus compensation repatriated to Ghana. Information Minister Kojo Oppong Nkrumah said government has, since June this year, been engaged with an international law firm with extensive experience in investigations and anti-corruption to see how they …

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Our MASLOC loans were diverted – Kente Weavers Assoc

The Association of Kente Weavers in the Volta Region have called on President Akufo-Addo to intervene and ensure the disbursement of MASLOC loans they have applied for since August 2019. According to the Kente weavers, loan applications for some 425 members which have been approved by Microfinance and Small Loans …

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Acquisition of AirtelTigo in advanced stages – Government

The acquisition of 100% shares of merged companies; Airtel and Tigo, by the Government of Ghana is in advanced stages. It will be concluded by the execution of definitive agreements shortly, a statement from the Government announced. Government said the decision is aimed at protecting jobs and safeguarding the interest …

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The member of Parliament for Mfantseman Constituency, Hon Ekow Quansah Hayford has allegedly been shot dead. According to reports, he was shot by armed robbers when he was returning from a campaign at Nkusukum on the Mankessim-Abeadze Duadze road on Friday 9th October, 2020 around 1:00am. Confirming the news, the NPP first vice constituency Chairman Wofa Yaw said they were were returning from a campaign tour when armed robbers attacked them. The body has since been deposited at the Saltpond Mortuary. Meanwhile, the police has commenced investigations into the incident.

Government says 232 out of 260 factories under its flagship 1D1F industrialization program are near completion with some operating at full capacity. Trade and Industry Minister, Alan Kyerematen who announced this at the Nation Building Updates held in Accra on Thursday, September 8, 2020 also disclosed that “through the 1D1F …

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Banking cleanup: All depositors will be paid – SEC Boss

The Director-General of the Security and Exchange Commission (SEC), Reverend Daniel Ogbarmey Tetteh has assured that government will settle the claims of all affected depositors in the recent cleanup exercise of the financial investment sector. According to him, out of the 53 affected firms, his outfit has been able to …

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Bank of Ghana says economy showing signs of rebound

Despite Ghana’s economy shrinking by 3.2 percent in the second quarter of the year, the central bank says the economy is on a recovery path as its measure of economic activity shows positive signs. “High frequency data available to the Bank of Ghana show some green shoots of rebound in …

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