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Tawiah has raised serious concerns about systemic practices in Ghana’s financial institutions that she says reinforce outdated gender stereotypes.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...

The Chamber of Petroleum Consumers is projecting a 3% decline in petrol prices and a 1% decline in diesel prices at the pumps, from the second pricing window beginning January 16. However, this forecast largely depends on the performance of the cedi. Fuel prices saw a slight increase during...

The Chamber of Oil Marketing Companies (OMCs) has warned of a potential fuel shortage in the coming days. The Chamber attributes this looming crisis to the suspension of the gold-for-oil programme and the operational halt of Sentuo Oil’s refining activities. Speaking on the issue, Dr. Riverson Oppong, the Chief...

Players in the palm oil industry have engaged the Malaysian High Commission to encourage Malaysian palm oil firms to invest in Ghana’s palm oil industry. The industry players want their counterparts in Malaysia to speed up Ghana’s transition period of becoming self-sufficient with the production of oil palm. Reports...