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Gov’t revokes Adamus Resources Limited leases over breaches; military secures sites
Government has revoked the mining leases of Adamus Resources Limited over alleged illegal mining activities and regulatory breaches, with security forces deployed to take control of its concessions as the company rejects the decision. The Ministry of Lands and Natural Resources said the revocation covers the Akango, Sa...
Chamber of Mines engages Adamus over revoked mining leases
The Ghana Chamber of Mines is seeking further clarification from Adamus Resources Limited and state regulators following the revocation of the company’s mining leases in the Western Region. The leases covering Akango, Salman, and Nkroful were revoked by the minister for lands and natural resources, Emmanuel Armah-Kofi...
Bank of Ghana mourns passing of Dagbon Overlord Yaa-Naa Abukari II
The Bank of Ghana has expressed its condolences to the people of Dagbon following the death of the Overlord of Dagbon, His Royal Majesty Ndan Yaa-Naa Abukari II. In a statement issued on Monday (27 July), the central bank said it was “deeply saddened” by the passing of the traditional ruler, describing him as a revered...
Telecel launches Ashanti Codes to equip youth with digital and AI skills
Telecel Ghana has launched the Ashanti Codes initiative in Kumasi as part of efforts to promote digitalisation and artificial intelligence (AI) education among young people in the Ashanti Region. The 12-week programme brings together students from across Kumasi and Obuasi, with 70 percent of participants being girls, t...
PWDs call for accessible transport, infrastructure as KMA supports 57 with business grants
The Ghana Federation of Disability Organisations (GFD) has called on the government and private institutions to make public buildings and transport systems accessible to persons with disabilities (PWDs). The appeal follows the presentation of cash grants, start-up kits, educational support and working tools to 57 PWDs...
BoG questions whether punishment for digital fraud offers enough deterrence
The Head of Fintech and Innovation at the Bank of Ghana, Elhanan Owureku Asare, says it is difficult to conclude that existing punishment for digital financial fraud is enough to deter offenders.
OMCs free to cut prices anytime – NPA says market is fully competitive
The National Petroleum Authority (NPA) says Oil Marketing Companies (OMCs) are free to reduce fuel prices at any time, insisting the downstream petroleum sector is fully competitive. Abass Ibrahim Tasunti, Director of Economic Regulation and Planning at the NPA, said the current pricing regime allows companies to adjus...
Gov’t targets 70% local fuel supply through refinery expansion
Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has outlined an ambitious roadmap to strengthen Ghana’s downstream petroleum sector, arguing that resilient policies, expanded local refining capacity, innovation and sustained investment are critical to securing the country’s energy future and driving...
FirstBank Ghana appoints Osahon Ogieva as MD/CEO; Victor Asante moves to international role
FirstBank Ghana Limited, part of the FirstBank Group, has appointed Osahon Ogieva as its new Managing Director and Chief Executive Officer. Ogieva takes over from Victor Yaw Asante who completed his Asante served two terms as head of the bank. He now moves up to head International Banking at the FirstBank Group.
Mahama begins two-day Volta Region tour under Resetting Ghana agenda
President John Dramani Mahama will today begin a two-day working visit to the Volta Region as part of his Resetting Ghana Tour, during which he is expected to launch new development projects, inspect ongoing infrastructure works and engage residents on government policies. The visit will begin in Juapong, where the Pre...
Nduom: GN Savings and Loans to reopen first branch in Elmina
GN Savings and Loans will reopen its first branch in the coastal town of Elmina as part of a phased nationwide return following a court ruling that overturned the revocation of the institution’s operating licence, the company’s founder said on Saturday. Papa Kwesi Nduom, President of Groupe Nduom, announced the plan du...
BoG’s share of domestic debt decreased to 17%; commercial creditors hold 9.2% of Ghana’s external debt
The share of external debt by creditor categories were Multilateral holders, 42.3%; international capital market, 28.5%; bilateral holders, 20.0% and commercial creditors, 9.2%