Ghana’s total public debt fell by GH¢46.8 billion month-on-month to GH¢761.0 billion in October 2024, the Bank of Ghana’ has disclosed in its Summary of Financial and Economic Data. In dollar terms, it went down by $4.2 billion to $27.9 billion at the end of October 2024. According to the report, the total debt is equivalent to 74.6% of Gross Domestic Product. The data showed that the external component of the debt went down between September 2024 and October 2024. It dropped by GH¢52.6 billion to GH¢453.7 billion, approximately $27.9 billion. This represented 44.5% of GDP. The external debt has...
Mahama to support traditional leaders in promoting festivals
The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has reiterated his dedication to working with traditional leaders to promote Ghanaian festivals. He described this as a vital step towards boosting local economies, fostering cultural tourism, and celebrating Ghana’s rich heritage on a global platform. During a visit to the Ga Mantse’s palace on Thursday, November 28, Mahama made these remarks as part of his tour of the Greater Accra Region ahead of the December 7 general elections. The visit included a meeting with King Tackie Teiko Tsuru II and the Ga Traditional Council, where he received...
Mortuary workers declare another strike over conditions of service
Richard Kofi Jordan, General Secretary of the Mortuary Workers Association of Ghana (MOWAG),has announced that all mortuary workers nationwide will embark on an indefinite strike starting on Thursday, November 28. The association’s declaration follows employers’ failure to fulfill some promises, including providing adequate Personal Protective Equipment (PPE), settling unpaid salary arrears, and meeting commitments regarding bonuses and financial clearance for new staff. Mr Kofi Jordan urged his colleagues to halt their services at morgues across the country. “Mortuaries are closed across the country. We will continue to close the whole day. We are going to reject all those who die...
We are unfazed by PNC’s endorsement of NDC – NPP
The New Patriotic Party (NPP) has stated that it remains unfazed by the People’s National Convention’s (PNC) decision to endorse the National Democratic Congress (NDC) ahead of the 2024 elections. The PNC announced its endorsement of the NDC during a press briefing on Wednesday, November 27, following its disqualification from the presidential race by the Electoral Commission (EC) due to errors in its nomination forms. Speaking to Citi News on Thursday, NPP Deputy General Secretary Haruna Mohammed dismissed the endorsement, claiming it does not reflect the views of the PNC’s grassroots members, as the decision was made solely by the...
Vacant seats saga: Afenyo-Markin and Ato Forson sign memos to Speaker as ‘Majority Leader’
Following the verdict by the Supreme Court on the declaration of four parliamentary seats vacant by Speaker Alban Bagbin, one would have expected that the controversy that arose over which party forms the Majority or Minority in Parliament would have been resolved. The verdict by the Apex Court on November 12, 2024 declared Alban Bagbin’s ruling of the four vacant seats as unconstitutional, giving credence to the Majority status of the NPP MPs in Parliament. Following the verdict by the Supreme Court on the declaration of four parliamentary seats vacant by Speaker Alban Bagbin, one would have expected that...
Investing in rice production could’ve created 294,000 jobs for NABCO beneficiaries – Awuah-Darko
Kwame Awuah-Darko, a leading member of the National Democratic Congress (NDC), has suggested that funds allocated to the National Builders’ Corps (NABCO) programme could have been more effectively invested in the agricultural sector, specifically in large-scale rice production, to create sustainable employment opportunities for Ghanaian youth. Mr. Awuah-Darko pointed out that since its inception, NABCO has benefitted over 100,000 people, each receiving a monthly allowance of GHC 700. Over three years, this has cost the government approximately GHC 2.5 billion. He argued that redirecting these resources toward land acquisition and supporting young people in rice cultivation could have generated long-term...
Election 2024: Military will only act on Police request – GAF
The Ghana Armed Forces (GAF) has reassured Ghanaians of its neutral and limited role in the upcoming December 7 general elections, addressing concerns raised by some stakeholders about potential military deployment to polling stations. Clarifying the military’s position, GAF emphasised that soldiers will not be stationed at polling stations during the elections. Instead, their involvement will be strictly in support of the police and only when requested. Speaking during an engagement between the Election Security Taskforce and the University Teachers Association of Ghana (UTAG), Brigadier General Kweku Dankwa Hagan, head of operations, training, and peacekeeping at the Armed Forces headquarters,...
Rigging an election is impossible in Ghana – EC
The Electoral Commission (EC) has refuted claims of collusion with any political party to manipulate the December 7 general elections. The National Democratic Congress (NDC) recently accused the EC of collaborating with the New Patriotic Party (NPP) to influence election outcomes in the Ashanti Region. Addressing these allegations at a security symposium held at the Kofi Annan International Peacekeeping Training Centre, Dr. Serebuor Quaicoe, the EC’s Head of Training, dismissed the claims as baseless. He emphasized that the current electoral system is designed to prevent any form of rigging, ensuring the integrity and transparency of the process. “There is no...
BoG to announce new Monetary Policy rate on November 25
The Bank of Ghana (BoG) has commenced its regular Monetary Policy Meetings, running from Wednesday, November 20, to Friday, November 22, 2024, to assess the state of the economy. The 121st meeting will focus on evaluating current inflation levels and overall economic conditions. In its previous meeting, the Bank of Ghana reduced the Monetary Policy Rate to 27%, marking the second rate cut since 2021, after a period of tight monetary policy aimed at controlling high inflation. The rate had been set at 29% for nine months following a reduction from 30% in January 2024. The recent rate cut aims...
Over 80 Educational projects to be inaugurated today
The government will on Thursday, November 21, 2024, inaugurate over 80 educational projects across all 16 regions of the country. The initiative seeks to enhance access to quality education by providing modern facilities tailored to meet the diverse needs of Ghanaian students. According to the Ministry of Education, President Akufo-Addo will lead the exercise which will be a nationwide event involving simultaneous ceremonies at district and regional levels. Vice President Dr Mahamudu Bawumia and Education Minister Dr Yaw Osei Adutwum will join the President in officiating the events, which will be broadcast live on major television networks and social media...