Ghana has emerged as the country across the globe with the highest outstanding loan under the Poverty Reduction and Growth Trust (PRGT) at the International Monetary Fund (IMF). The Poverty Trust which is one...
Ghana has emerged as the country across the globe with the highest outstanding loan under the Poverty Reduction and Growth Trust (PRGT) at the International Monetary Fund (IMF). The Poverty Trust which is one of the funds countries can draw credit from is specifically to support the potential balance...
Founder of Menzgold, Nana Appiah Mensah aka NAM 1, who is standing trial for allegedly using the company to defraud over 16,000 people of GH¢1.6 billion, has denied circumventing the laws of Ghana in order to operate an illegal gold deposit taking business. Counsel for NAM 1, Kwame Akuffo,...
These adjustments, designed to bolster essential services and allocate more funds towards public sector pay raises, were formally presented in the UK Parliament on September 15. Among the notable changes is a rise in the cost of a visit visa for stays under six months, increasing by £15 to...
The Ghana Grid Company (GRIDCo) has attributed the cause of the nationwide outage in Ghana on Friday to a disturbance in its system. GRIDCo said the disruption occurred on Friday, September 8, 2023, at 7 PM. The disturbance affected parts of the country, including Accra, Kumasi, Takoradi, Tamale and...
The Electricity Company of Ghana (ECG) has asked 11 top executives to go home over their alleged involvement in activities that resulted in financial losses for the company. As reported by dailyguidenetwork.com, the list of these executives includes Treasury Executives, a Senior IT Assistant, an Assistant Accounting Officer, Artisans,...
Menzgold Ghana Ltd has announced that the already burdened customers must fulfill fresh monetary demands before their locked up claims will be released to them. This news comes as a major blow to the customers, who are already facing significant financial hardships. According to a recent statement released by...
The Chamber of Petroleum Consumers (COPEC) is predicting a marginal rise in petroleum prices in the first pricing window of the month of August 2023. Indications are that pump prices of petrol and diesel are likely to increase by about 9 percent over the current average price of GHS11.90...
Defunct gold collectible company, Menzgold has announced that it has successfully completed the transaction validation process assuring to make payments to its customers soon. This was contained in a statement issued by the management of Menzgold dated July 29. “Following the gold trading transactions claims supporting documents collection and...
Information gathered is that there is an uneasy tension in the Consolidated Bank of Ghana (CBG) over the appointment of a Kenyan, Information gathered is that there is an uneasy tension in the Consolidated Bank of Ghana (CBG) over the appointment of a Kenyan, Thairu Ndungu as Deputy Managing...
The Bank of Ghana (BoG) has added 7.70 tonnes of gold to the country’s reserves as of the end of last month, the Governor of the Bank of Ghana, Dr Ernest Addison, has stated. The measure, which is part of the central bank’s Domestic Gold Purchase Programme (DGPP), is...