Author: newsfilegh

With a change of government and a new Governor at the Bank of Ghana (BoG), Dr Ernest Addison’s chickens are coming home to roost, as his tenure faces intense scrutiny, especially the new BoG headquarters, now valued at US$261.8 million, contrary to the US$250 million that was widely considered exorbitant for a cash-strapped Ghana. The once-powerful BoG Governor, who once described Members of Parliament (MP) as “hooligans” for demanding his resignation over excessive expenditures and financial irregularities, is finally having his leadership under scrutiny. The inquiry began with the newly appointed Governor, Dr Johnson Asiama, who disclosed in Parliament on…

…..As concerns grow over forensic audit The Minerals Income Investment Fund (MIIF), continues to face increasing concerns due to revelations of financial irregularities and questionable investments that happened under the previous administration, which the current administration, led by Justina Nelson, is not rigorously pursuing. Reports indicate that, a company named Asante Gold, linked to the family of a former minister in the Akufo-Addo government, owes the MIIF over US$30 million, and no apparent effort, has been made to repay the amount. According to The Herald’s insiders, the minister’s interest is owned by a lady named Nadia, who holds equity shares.…

….Officials pushing to ratify gas deal without investigation The Herald, has received reports of confusion within the Mahama government, concerning attempts to regularise the contentious Genser Energy and Ghana National Petroleum Corporation (GNPC) gas agreement without conducting any thorough investigations. Sources within Ghana Gas, have disclosed to The Herald that the deal, which was negotiated under the Akufo-Addo administration and has since sparked controversy, is being endorsed by specific figures within the Mahama government, even before a governing board has been constituted. The agreement, has been a matter of significant dispute, with claims that the nation is being shortchanged by…

Eni Ghana, in collaboration with its Offshore Cape Three Points (OCTP) partners Vitol Upstream Ghana Ltd (Vitol) and the Ghana National Petroleum Corporation (GNPC), has officially handed over a series of social projects aimed at improving health, sanitation, education, and economic opportunities in communities within the Ellembelle District of the Western Region. The initiatives, include renovating the Sanzule/Krisan School Canteen, which will provide meals to over 300 students, enhancing their academic performance and overall well-being. Additionally, four fishing sheds, have been constructed for the Bakanta, Ngalekpole, Ngalekyi, and Baku communities. These structures will benefit over 7,000 fishermen, fish traders, and…

The National Petroleum Authority (NPA) has officially inaugurated its newly constituted Audit Committee, reinforcing its commitment to transparency and good governance. A brief ceremony was held this morning to mark the occasion, highlighting the Authority’s dedication to strengthening integrity and accountability within its operations. Speaking at the event, the Acting Chief Executive of the NPA, Edudzi Kudzo Tameklo, reaffirmed his unwavering support for the committee and urged its members to diligently execute their mandate. “The work of this committee is crucial in maintaining the credibility and efficiency of the NPA. I trust that you will discharge your duties with the…

……Akufo-Addo attends celebration without iconic chair President John Dramani Mahama, has defended the decision to scale down Ghana’s 68th Independence Day celebration, stating that it would have been “unconscionable” to spend GH¢20 million amid the nation’s ongoing economic crisis. Speaking at the 68th Independence Day celebration at the Jubilee House yesterday, Thursday, March 6, Mahama, stressed the importance of fiscal responsibility and prudent resource management. Mahama recalled that the state spent GH¢15 million on last year’s celebration in Koforidua and GH¢13.7 million the previous year in Ho, Volta Region. Estimates for this year’s event at Independence Square, suggested it would…

Ghana, yesterday March 6, marked 68 years of independence from the British. The first independence celebration and the ones that followed that epoch-making event, the day would usually be characterised by gaiety and hope, and the celebration marked with fanfare. That is all long gone now. The Minister of State for Government Communications, Felix Kwakye Ofosu, announced that, the 68th Independence Day celebration will be held at the seat of the government, Jubilee House, instead of the traditional grand-scale event at Black Star Square or various regional capitals. According to him, the celebrations in recent years have incurred significant costs,…

Tariffs are “an act of economic war,” and the latest US tariffs are a direct assault on the global economy, warns the CEO of one of the world’s largest independent financial and asset management organizations. The comments from deVere Group’s Nigel Green comes as President Donald Trump’s joint congressional address made it clear: his administration is deploying tariffs as a weapon, not just a policy. The sweeping 25% duties on Canada and Mexico, an additional 10% on Chinese imports, and threats against the European Union mark an economic confrontation that will redefine global markets. Beijing wasted no time in firing back, saying…

Former Vice President, Dr Mahamudu Bawumia yesterday used Ghana’s 68th Independence Day celebration to encourage citizens to embrace peace, unity, and economic progress, to build a stronger and more prosperous nation. In a Facebook post on March 6, Dr Bawumia, reflected on the significance of the day and called for national solidarity in shaping the country’s future. “I wish all Ghanaians a happy 68th Independence Day. It is my prayer that as citizens of Ghana, we shall continue to live in peace, unified for political and economic growth, and solidify our common heritage,” he stated. Reaffirming this year’s celebration theme,…

It is just intriguing listening to President John Mahama’s newly appointed Chief Executive Officer of Precious Minerals Marketing Company (PMMC) justifying government’s intentions for the creation of the Ghana Gold Board (GoldBod). To start with, the creation of Ghana Gold Board (GoldBod) is NOT a novelty. This same project concept is a plagiarized or in other words stolen version of the Guyana Gold Board (GGB). By way of introduction; Guyana, officially the Co-operative Republic of Guyana is a country on South America’s North Atlantic Coast. The Guyana Gold Board Act 1981 was passed on 23rd December 1981 and subsequently gazetted…