Dr. Cassiel Ato Forson, the Minister of Finance is set to present the 2025 Budget to Parliament on March 11. According to reports, this is the date the finance ministry has proposed to parliament. The date is...
Dr. Cassiel Ato Forson, the Minister of Finance is set to present the 2025 Budget to Parliament on March 11. According to reports, this is the date the finance ministry has proposed to parliament. The date is subject to Parliament’s acceptance and approval depending on developments in the House. The Majority Leader,...
The National Petroleum Authority (NPA) has introduced a new price floor for petroleum products for the second pricing window of February, requiring Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) to adhere strictly to the set minimum prices. The directive, effective from February 16 to 28, 2025, mandates...
World Bank Country Director for Ghana, Liberia, and Sierra Leone, Robert Taliercio, has warned Ghana against rushing back to international capital markets, describing such a move as premature and potentially risky. Ghanaian culture-inspired products. According to him, an early return could send the wrong signal to investors and lead...
Secret Transaction Exposed As PwC Audit Uncovers ECG’s GHS 402.59 Million Secret Payment to a Vendor
A recent audit conducted by PricewaterhouseCoopers (PwC) has uncovered that the Electricity Company of Ghana (ECG) made a secret payment of GHS 402.59 million in commissions to a third-party vendor responsible for managing its payment platform. This payment occurred prior to settling debts owed to power producers, raising significant...
Tax cuts, revenue administration reforms, energy sector debt management, expenditure controls and exchange rate stabilization are the issues dominating the government’s discussions with the International Monetary Fund (IMF). The ongoing five-day engagements – running from February 10 to February 14 will be heavy on Ghana’s economic outlook and policy...
Management of Accra Academy Senior High School has addressed concerns regarding a viral video showing a student flogging a colleague with a cutlass. According to a statement issued by the management sighted by Citi News on Sunday, the incident, which occurred on January 17, 2024, was not reported to school authorities...
President John Dramani Mahama has nominated Johnson Asiama to serve as Governor of the Bank of Ghana, pending approval by the Council of State Ernest Addison, the current governor, requested to go on leave before his retirement on 31 March 2025, which prompted the nomination. Felix Kwakye Ofosu, the...
The Minister of Energy and Green Transition, John Jinapor, has directed a newly inaugurated 7-member technical committee to consult extensively with stakeholders within the power distribution sector and develop a comprehensive plan for the privatization of the Electricity Company of Ghana (ECG) within one month. The committee, composed of...
Gender advocate Esther Tawiah has raised serious concerns about systemic practices in Ghana’s financial institutions that she says reinforce outdated gender stereotypes. Virtual cooking classes In an interview on Morning Starr with Naa Dedei Tettey, she criticized the requirement for women to disclose their marital status when opening bank accounts, calling...
The Former Managing Director of the Electricity Company of Ghana(ECG) , Mr. Samuel Dubik Mahama, has clarified that ECG’s 82 bank accounts across the country collect revenue nationwide, but all funds are eventually settled into one central bank account. This system he said is designed to facilitate efficient collection...