Two young men have been handed five-year prison sentences with hard labour for stealing firearms and ammunition belonging to an immigration officer in Walewale. The convicts, 18-year-old Mustapha Basit and 22-year-old Baba Rashid, admitted guilt to charges of conspiracy to steal and stealing. Their sentencing took place on Thursday, May 22, at the Walewale Circuit…
Banks to Hold Reserves in Original Deposit Currencies Starting June Effective June 5, 2025, commercial banks operating in Ghana will be required to maintain cash reserves in the same currency as the deposits they receive. This marks a significant shift in the Bank of Ghana’s (BoG) policy framework, as it revises the Dynamic Cash Reserve…
On the occasion of Africa Day, the Dean of the Group of African Ambassadors in Ghana and Ambassador of the Royal Kingdom of Morocco, Imane Ouaadil, has called on African leaders to place unity, peace, and cooperation at the forefront of their agenda. She emphasised that these values are essential for fostering development and securing…
The Government of Ghana has received a shipment of 450,000 barrels of fuel aimed at addressing the country’s ongoing power supply challenges and stabilising electricity delivery across the nation. The Ministry of Energy and Green Transition confirmed the fuel delivery on Thursday, noting that the consignment, which arrived at the Tema Port, will be distributed…
The Amasaman Circuit Court has sentenced a 21-year-old man, Baba Hardi, to five years of imprisonment with hard labour after he pleaded guilty to stealing a car. According to court proceedings, Hardi unlawfully entered the home of Mr. Emmanuel Gideon Debrah, an Information Technology Specialist living in Amasaman, and stole a Toyota Corolla S valued…
Minister of Trade and Industry, Mrs. Elizabeth Ofosu-Adjare, has called on Ghana-based heavy-duty vehicle manufacturers to increase their use of locally sourced components in order to fully benefit from the African Continental Free Trade Area (AfCFTA). Speaking during a working visit to Zonda Tec Ghana Limited on Thursday evening, the Minister emphasized the importance of…
The Bank of Ghana has decided to keep its policy rate unchanged at 28%, as part of ongoing efforts to contain inflationary pressures. This decision was announced by Governor Dr. Johnson Asiama during a media briefing following a meeting of the Bank’s Monetary Policy Committee (MPC). Dr. Asiama explained that the central bank’s latest assessments…
Ghana Water Ltd. (GWL) has initiated the controlled spillage of excess water from the Weija Dam as heavy rains continue to elevate water levels. The move is aimed at preventing structural damage to the dam and averting potential flooding disasters. Currently, the water level at the dam has reached 45 feet, approaching the maximum safe…
Just days after being cleared from unauthorized trading spots, some traders in Accra’s Central Business District have returned to the pavements, defying the Accra Metropolitan Assembly’s (AMA) directives aimed at decongesting the city. The traders, citing economic hardship and the absence of alternative sources of income, say they have no choice but to resume their…
Vice President Professor Naana Jane Opoku-Agyemang has returned to Ghana after making a full recovery from an illness that had kept her out of the public eye for several weeks. She arrived in Accra from London, United Kingdom, to a warm and heartfelt welcome at the Kotoka International Airport. President John Dramani Mahama and First…
