Author: newsfilegh

National Chairman of the People’s National Convention, Bernard Mornah, has kicked against the government’s decision to list the Volta River Authority and GRIDCo on the Ghana Stock Exchange in a bid to strengthen the country’s power sector. Delivering his first State of the Nation Address Tuesday, President Nana Addo Dankwa Akufo-Addo said the government has begun to develop a national electricity master plan which will also explore the benefits of listing VRA and GRIDCO on the stock exchange. According to President Akufo-Addo, he inherited a 2.4 billion-dollar debt in the energy sector of which 800 million is owed local banks…

Economist Courage Kinsley Martey assessed that access to credit in the economy will continue to be a challenge, for the private sector and the business community. The Bank of Ghana released its latest data on annual percentage rates (APR) of interest charged on loans and credit advances and the average interest (AI) paid on deposits by banks, The data is based on figures available as at January 31, 2017. According to the report, sovereign bank charges as high as 19.5 percent on deposits, with Standard Chartered charging the lowest, 4.3 percent. Speaking to 3FM business, economist Courage Kinsley Martey says…

Mark Okraku Mantey[/caption] Self acclaimed dancehall king Shatta Wale has launched a scathing attack on music producer Mark Okraku Mantey with some filthy words in a Facebook live post. Mark Okraku Mantey in a recent interview hit hard at Shatta Wale, describing him as a dancehall king who does not even do dancehall music. In a rebuttal on Facebook live, the dancehall king called Mark Okraku Mantey unprintable names including describing him as a thief and a cheat. Apparently he and several other Ghanaian musicians, he alleged, have been exploited by Mr. Okraku Mantey. Watch the uncensored attack . By…

MESSAGE ON THE STATE OF THE NATION  BY THE PRESIDENT OF THE REPUBLIC,NANA ADDO DANKWA AKUFO-ADDO, ON THE OCCASION OF THE STATE OPENING OF PARLIAMENT ON  TUESDAY, FEBRUARY 21, 2017. Mr. Speaker, It is good to be back here again in this Chamber, where I spent some 12 memorable years as a Member of Parliament. I recollect with nostalgia the vigorous debates of my days here as a Minority MP, and I have very fond memories of being on the Majority side also. I can see some old faces from my first days here – like the 2nd Deputy Speaker,…

Imagine falling into a sound sleep, when suddenly you wake up and you can’t move a muscle. Sounds frightening! But it’s an experience that many people have at some point in their lives. This weird phenomenon is known as sleep paralysis, where an individual cannot move, speak or react for a brief moment when falling asleep or awakening. It is a transitional state between wakefulness and sleep, which is often accompanied by hallucinations. Hallucinations, such as the presence of someone in the room or someone sitting on your chest, are common and may make it difficult for the person to…

Imagine falling into a sound sleep, when suddenly you wake up and you can’t move a muscle. Sounds frightening! But it’s an experience that many people have at some point in their lives. This weird phenomenon is known as sleep paralysis, where an individual cannot move, speak or react for a brief moment when falling asleep or awakening. It is a transitional state between wakefulness and sleep, which is often accompanied by hallucinations. Hallucinations, such as the presence of someone in the room or someone sitting on your chest, are common and may make it difficult for the person to…

President Akufo-Addo has outlined clear cut policies his administration would be implementing to salvage the Ghanaian economy, boost investor confidence and create jobs for the many unemployed youth in the country. Addressing the House of Parliament on his first State Of The Nation Address (SONA), the president bemoaned Ghana’s current debt stock which he says hovers around 74% of Gross Domestic Product (GDP). Outlining what an Akufo-Addo government would do to save the economy, Nana Addo said “we will be embarking on comprehensive programs for industrial transformation for our country which include Restoration and maintenance of a stable macro economy…

Mahama Ayariga[/caption] Former Member of Parliament for Asikuma-Odoben-Brakwa and anti-graft crusader Paul Collins Appiah Ofori has shot down Mahama Ayariga’s bribery allegation, describing it as “unbelievable story”. The former MP who was speaking on Onua 95.1FM’s Morning show ‘Yen Nsem Pa’ with Bright Kwesi Asempa explained that “I don’t believe the whole story when he (Ayariga) started it. There is nothing that he can show as concrete evidence, hard evidence that is compelling. All that he and his colleagues have been doing and continue to do is talking without proof”. Mahama Ayariga who is the Bawku Central accused current Minister…

The president, Nana Addo Dankwa Akufo-Addo has maintained that he was not elected by the people of Ghana to complain but rather to do a job for mother Ghana. The president was speaking at his first state of the nations address Tuesday morning at the Parliament house in Accra where he reiterated his governments commitment to fixing Ghana’s economic challenges. “I wasn’t elected by the people to complain… I was elected to fix what is broken and my government is determined to do just that”, he said. “At the beginning of March, the Minister for Finance will come to this house…

President Nana Akufo-Addo has explained that his description of Ghana’s economy as bad is not to dramatise the state of the nation, but a genuine portrayal of facts. “Mr. Speaker, I say nothing new or dramatic, when I tell this house that the economy of our country is in a bad way…you know it’s true, you it’s true,” he said to a rancorous opposition from the Minority in Parliament. Presenting his first state of the nation address as required under Article 67 of constitution, the president maintained that the true condition of the country that confronted his government when they…