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The Ministry of Finance has stated that the latest Gross Domestic Product (GDP) figures released by Ghana Statistical Service (GSS) show that the Ghanaian economy is fast recovering amid global challenges and debt restructuring. According to the ministry, the economy’s robust recovery is in response to the macroeconomic stability and growth interve…
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The Public Utilities Regulatory Commission (PURC) has issued an urgent call for a revision of the Cash Waterfall Mechanism (CWM) to avert a looming financial crisis in Ghana's energy sector. The Commission in a letter addressed to the Presidency, Energy and Finance ministers, and other key stakeholders, highlights the potential collapse of the ener…
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Ghana’s economy grew by 6.9 percent in the second quarter of 2024, provisional figures released by the Ghana Statistical Service (GSS) has revealed. Compared to the first quarter of 2024, the economy grew at 4.7 percent. The Services sector continues to be the largest contributor to the growth in the second quarter of 2024 with 44.2 percent. This i…
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The Public Utilities Regulatory Commission (PURC) has served notice that the Electricity Company of Ghana (ECG) may be on the verge of bankruptcy due to severe financial difficulties. In a letter addressed to the Presidency, the Energy and Finance Ministers, and other key stakeholders, PURC's Executive Secretary, Dr Ismael Ackah, highlighted the cr…
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On Tuesday, September 17, the largest opposition party in Ghana, the National Democratic Congress (NDC) held a nationwide protest against the Electoral Commission to demand that the electoral body audit the provisional voter's register for the December 2024 election. The party insists that the register has a lot of irregularities and cannot guarant…
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Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps from today, September 16, 2024.Star Oil Ghana is selling a litre of petrol at GH₵12.55, indicating a one cedi drop. This represents a 7.9 percent decline. The company is also selling a litre of diesel at GH₵13.27. This represents a 4.18 percent drop,…
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The Forestry Commission's Rapid Response team has raided an illegal mining aka galamsay camp in the Subri Forest Reserve near Benso in the Western Region, arresting four armed miners. The suspects, all Ghanaians, were found mining in a Globally Significant Biodiversity Area of the forest. During the operation, the team seized five pump action guns,…
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The New Patriotic Party scrambles to resolve issues in the Walewale constituency, the home of the party's Flag bearer Dr Bawumia as it fails to elect a parliamentary candidate for the constituency ahead of the 2024 general election, following the disturbance at the rerun of the NPP parliamentary primaries in the constituency.…
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The University Teachers Association of Ghana (UTAG) has issued an ultimatum to government, threatening a nationwide strike by the end of September 2024 if a total ban on illegal mining aka “galamsey,” is not imposed. In a strongly worded statement, UTAG criticised state-led efforts to combat illegal mining, or “galamsey,” describing them as “failed…
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Vice President and 2024 flagbearer of the governing New Patriotic Party (NPP), Dr Mahamudu Bawumia, has filed his nomination for the presidential election. On Monday, September 9, Dr Bawumia, accompanied by his wife, his running mate, the Chief of Staff, and others, submitted his nomination at the headquarters of the Electoral Commission (EC).…
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