The First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni, says the recent rally of the cedi is not due to artificial support by the central bank, but rather a result of strong, non-debt-creating reserves. He said the central bank has found a strategic way of meeting market demand without drawing down […]
A five-member committee established by President John Mahama is set to commence hearings today, Thursday, 15th May, to probe three petitions filed against the Chief Justice. The committee, chaired by Supreme Court Justice Gabriel Scott Pwamang, was constituted in accordance with Article 146(6) of the 1992 Constitution. Its establishment followed a determination of a prima […]
The Ghana Highway Authority (GHA) has strongly condemned the illegal removal of reinforcements from the retaining wall at the Tantra Hill underpass on the Achimota-Ofankor stretch of the N6 highway. In a public announcement issued on May 14, 2025, the GHA, acting on behalf of the Ministry of Roads and Highways, responded to a viral […]
Some major shopping outlets and supermarkets have started reducing prices of their products and items on sale due to the cedis’ appreciation against the U.S dollar. Joy Business can confirm. Household goods and furniture shop, Orca Deco Ghana on May 12, 2025 announced that it has dropped prices of some items by 15 percent. The company […]
The government has directed owners and operators of excavators to register the equipment with the Driver and Vehicle Licensing Authority (DVLA) within two weeks or have the equipment confiscated by the state. The Chief Executive Officer (CEO) of DVLA, Julius Neequaye Kotey, who gave the directive, said effective June 1 this year, any unregistered excavator […]
The Commission on Human Rights and Administrative Justice (CHRAJ) has received a formal petition asking that Sammy Gyamfi, the Acting Chief Executive Officer of the Ghana Gold Board should be investigated for corruption. The petition, filed by a citizen identified as Eric Dumenu Akatsi, invokes Article 218(e) of the 1992 Constitution and accuses Mr. Gyamfi […]
The New Patriotic Party (NPP) has urged President John Dramani Mahama to uphold the principles of the recently launched Code of Conduct for government appointees by taking a decisive action against the acting Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi. This follows Gyamfi’s act of gifting dollars to Nana Agradaa. The NPP […]
Former Uruguayan President José Mujica, known as “Pepe”, has died at the age of 89. The ex-guerrilla who governed Uruguay from 2010 to 2015 was known as the world’s “poorest president” because of his modest lifestyle. Current President Yamandú Orsi announced his predecessor’s death on X, writing: “thank you for everything you gave us and for your deep love for your people.” The politician’s cause of death is not […]
Lawyer Samuel Atta Akyea has disclosed that his client, Kwabena Adu-Boahene, the former Director of the National Signals Bureau (NSB), has been rearrested on a new charge shortly after being granted bail in the GHS49 million cybersecurity procurement scandal. Speaking to the press after an Accra High Court hearing, Atta Akyea revealed that the fresh […]
Government should be able to reduce its debt of $2.5 billion owed to independent power producers and gas suppliers by the end of the year, President John Mahama said on Tuesday. Last year, government reached an agreement with independent power producers to restructure legacy debt of around $1 billion as part of efforts to deal […]
The General Secretary of the National Democratic Congress (NDC), Fifi Fiavi Kwetey, says the opposition New Patriotic Party (NPP) is in panic mode because their last line of legal protection is crumbling. Speaking on JoyNews’ PM Express on Tuesday, May 13, he accused the NPP of fearing the wheels of justice now that Chief Justice Gertrude […]
President John Mahama has called for a united Africa to enable the continent to address its escalating debt crisis, adding that unsustainable borrowing risks undermining development gains and sovereignty. Delivering a keynote speech at the African Union (AU) High-Level Conference on Debt in Lomé, Togo, yesterday, the President described Africa’s debt burden as a “paradox […]
