Author: newsfilegh

Although Ghana Cocoa Board’s (COCOBOD) financial position improved in 2023, the current financial year is proving challenging, the International Monetary Fund has stated. According to the Washington-based multilateral institution, notwithstanding record-high spot market prices, the weak cocoa production in 2023/24 posed significant challenges to COCOBOD’s ability to deliver on existing forward sales contracts. As a result, Ghana was unable to take full advantage of high international prices as part of the forward contracts (carrying lower prices than current market prices) had to be rolled over to the 2024/25 season. The 2024/25 farmgate price was increased by 50%, reflecting the high…

In a major political shake-up, the Agona West Constituency of the New Patriotic Party (NPP) says it has expelled 283 members, including the Central Regional Minister, Justina Marigold Assan, for allegedly supporting an independent candidate against the party’s officially endorsed parliamentary candidate. The decision was announced Sunday evening during an Extended Constituency Executive Committee meeting held at the Humility Lodge in Agona Swedru, Golden Star FM’s Nana Kojo Asante reported. The meeting, chaired by Constituency Chairman Alhaji Gibrine Tanko, saw attendance from key party figures, including council elders, patrons, founding members, former executives, electoral area coordinators, members of the Disciplinary…

A total number of 14 persons have lost their lives in a cholera outbreak in the Western Region, with several others hospitalized across various healthcare facilities. As of 7th December, 789 suspected cases had been recorded, with daily new cases surpassing 60. In response to the surge, a team from the Institutional Care Division of the Ghana Health Service (GHS) has been dispatched to the region to monitor the situation, reassess emergency healthcare plans, and provide additional staff to ensure timely treatment. According to JoyNews’ Western Regional correspondent, Ina-Thalia Quansah, both public and private hospitals are receiving between 15 and…

The National Democratic Congress (NDC) is grappling with internal tensions in the North Dayi constituency in the Volta Region, following allegations of sabotage against two prominent party members. Selorm Sunu Attah Esi, an NDC parliamentary aspirant, and Akua Sena Dansua, a former Member of Parliament for North Dayi, have been accused of allegedly undermining the re-election bid of the party’s MP-elect, Jocelyn Tetteh. Reports suggest that the two individuals, both of whom hold considerable influence within the constituency, allegedly encouraged voters to support the NDC’s presidential candidate, John Dramani Mahama, while casting their parliamentary votes for the New Patriotic Party’s…

The National Democratic Congress (NDC) has expressed strong concerns over the Electoral Commission’s (EC) re-collation and re-declaration of certain parliamentary candidates in the just-ended 2024 general elections. Due to ongoing disagreements regarding some of the parliamentary results, the Electoral Commission moved the collation of three constituencies in the Eastern Region to the National Police Training Centre in Accra. At a news conference today, Friday, December 13 at the party’s headquarters, the NDC Chairman Johnson Asiedu Nketiah described the process as illegal, asserting that it has no legal foundation and lacks consensus from the parties involved. “We in the NDC believe…

The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, has highlighted the importance of Development Finance Institutions (DFIs) in expanding capital to finance economic growth. He made the remarks during a series of public lectures on the topic “Shaping Africa’s Development Finance Landscape: Challenges and Prospects” held at the University of Development Studies (UDS) School of Business in Tamale, Ghana. Addressing the financing constraints faced within capital markets, the President of EBID pointed out that where private credit may struggle in response to economic crises, DFIs are…

The Member of Parliament for Asante Akim North, Andy Appiah-Kubi has recounted the severe consequences he faced after championing a bold stance against a member of his own party. He said this move nearly cost him his life. The outgoing legislator was a leading figure in the #KenMustGo campaign, which called for the resignation of former Finance Minister Ken Ofori-Atta amidst Ghana’s economic challenges. In an interview on JoyNews’ Upfront, Mr Appiah-Kubi revealed that his involvement in the campaign, alongside some 80 New Patriotic Party (NPP) MPs, subjected him to “punishment,” including an alleged poisoning incident. He detailed the ordeal,…

A British mining firm operating the Bogoso Prestea Mine in Ghana, the Blue Gold Holdings Limited has issued an ultimatum to the Government of Ghana, demanding a resolution to the ongoing dispute concerning the Bogoso Prestea Bogoso Mine by January 14, 2025. Should the government fail to comply, the investors have threatened to initiate international arbitration proceedings under Article 10 of the UK-Ghana Bilateral Investment Treaty (BIT), which could affect Ghana’s chance of securing loans and other support from the World Bank. The dispute stems from the Ghanaian government’s decision to approve the sale of the mine to Heath Goldfields Ltd., a move…

In a resounding victory, the National Democratic Congress’ Joycelyn Tetteh has retained her parliamentary seat in the North Dayi Constituency in the Volta Region, delivering a significant blow to the New Patriotic Party’s (NPP) Edmund Attah Kudjoh. The election results affirmed Tetteh’s popularity in the constituency, with a commanding 12,778 votes compared to Attah Kudjoh’s 4,722 and the Liberal Party of Ghana’s (LPG) Gloria Yayra Agbenorto, who managed a mere 134 votes, representing 72.13%, 26.65% and 0.76% respectively. The total votes cast was 17,715. The stakes were high, with the government throwing its weight behind the NPP candidate in a…

The National Democratic Congress (NDC) Council of Elders Chair for South Africa, Benjamin Kofi Quashie, has shared his views on the significance of the NDC’s win over the New Patriotic Party (NPP) in the just-ended 2024 elections. He emphasized that the win puts pressure on the assumed winner, John Mahama, highlighting the need to fulfill the aspirations of Ghanaians. In an interview on Happy FM on Sunday, he explained that the win was based on the fact that “diasporans were motivated because the country was heading in the wrong direction; motivated because we had a president full of himself and…