Interest rates fell once again as government Treasury bills was oversubscribed by about 40.3% to the tune of ¢3.89 billion. According to the auctioning results by the Bank of Ghana, demand for the 91-day T-bill was very high, pushing the yield down. Following the successful completion of the Domestic Debt Exchange Programme, interest rates on the money market have witnessed a significant fall. From a high of 35%, the rates have eased to about 20% on the average. The yield on the 91-day bill fell by 0.52% to 18.52%. At the same time, the 182-day rate also declined to 21.27%,...
Ofori-Atta leaves for China for debt restructuring negotiations
Finance Minister Ken Ofori Atta has left Accra for China to have negotiations on debt restructuring with officials of that country. Sources say the Minister left over the weekend via Addis Ababa where he is attending the UNECA High-Level Ministers meeting on Global Financial Architecture. After that meeting, Mr Ofori-Atta is expected to head to China, possibly on March 22, 2023. The Minister who is leading the government delegation is expected to continue bilateral talks with China as well as seek financial assurances for Ghana’s programme with the International Monetary Fund. The trip was postponed to the end of March...
Don’t close down nonperforming schools, resign if you can’t do the job – Mahama tells Adutwum
Former President John Dramani Mahama has told the Minister of Education Dr Yaw Osei Adutwum not to close down nonperforming schools. He says the schools should rather be supported with teaching and learning materials to improve on their performance. Addressing branch executives of NDC earlier on Sunday, March 19, at Adudwama in the Ahafo Ano South East Constituency Mr Mahama who is campaigning to be elected flagbearer of the National Democratic Congress (NDC) said “The Education Minister says nonperforming schools are going to be closed down, is schools aren’t performing, you need to ask yourself why they are not doing so. probably they...
“You’re an inspiration to the world” – PFAG’s tribute to Christian Atsu
The Professional Footballers’ Association of Ghana (PFAG) has hailed the humanitarian works of the late Christian Atsu in a heartwarming tribute. They also described the former Chelsea player as an “inspiration” to the whole world. he ex-Porto footballer was involved in a number of philanthropic works before his sudden demise in a terrible 7.8 magnitude earthquake that hit parts of Turkey and Syria on February 6, 2023. In a tribute, the PFAG bid him farewell with these words: You worked hard and always followed the path of honesty, simplicity and humility. Nothing could be more worthy of emulation. With teardrops...
UCL Draw: Man City to face Bayern, Chelsea play Real Madrid in Quarter-finals
Chelsea will face holders Real Madrid in the Champions League quarter-finals. Pep Guardiola faces his former club as Manchester City play six-time winners Bayern Munich. Inter Milan face Benfica and Serie A champions AC Milan take on current leaders Napoli. If Chelsea and Manchester City get through, they will meet in an all-Premier League semi-final while AC Milan or Napoli will face Inter Milan or Benfica in the other semi-final. The first legs of the quarter-finals take place on 11-12 April, with the return games on 18-19 April. The first legs of the semi-finals will be on 9-10 May, and...
Drop in fuel prices has nothing to do with Bawumia’s Gold-for-oil – Minority
Deputy Minority Leader Emmanuel Armah Kofi Buah has dismissed Vice President Dr Mahamudu Bawumia’s claim that fuel prices are reducing in Ghana due to the Gold-for-oil policy. He says the drop in the price of fuel has nothing to do with the policy Speaking in Parliament on Thursday, March 16, the Ellembelle MP said “There is nowhere in this world where we do barter trade for oil, somebody should tell me where you take your gold and then you take the oil, there is nowhere in this world. So there is nothing like gold for oil. “The Vice President is saying...
The case against you in the United States is ongoing – Anas tells Kennedy Agyapong
Investigative journalist Anas Aremeyaw Anas has reminded Member of Parliament for Assin Central Kennedy Agyapong that the defamation suit filed against him in the United State of America is ongoing. Anas said this after rejecting the High Court ruling on the case he failed against Mr Agyapong. He said a careful study of the judgment indicates that the judge moved into the arena of criminal prosecution. “My team and I and the lawyers have carefully studied the judgment delivered by the court and we are unanimous that the judge made an overreach and descended into the arena and made criminal...
Infantino re-elected as Fifa president for four more years
ianni Infantino, the current president of Fifa, has been re-elected to serve another term of four years as the head of the world’s football governing body. Infantino, who took over from Sepp Blatter in 2016, retained his position in 2019 and now, after running unopposed, will continue to lead Fifa until 2027. Speaking at the 73rd Fifa Congress in Kigali, Rwanda, Infantino expressed his gratitude and sense of responsibility. “It is an incredible honour and privilege, and a great responsibility,” he said. “I promise to continue serving Fifa and football around the world. To those that love me, and I...
I have said before that Tiger Eye PI is a terrorist group – Kwesi Nyantakyi
Former Ghana Football Association president Kwesi Nyantakyi has expressed satisfaction with the ruling delivered by Accra High Court, which dismissed the 25 million Ghana cedis defamation suit against politician Kennedy Agyapong brought by investigative journalist Anas Aremeyaw Anas. According to Justice Eric Baah, Anas Aremeyaw Anas failed to provide evidence that Ken Agyapong had defamed him through the airing of the documentary, “Who watches the watchman?” Instead, the documentary exposed shady deals that Anas and his associates were involved in. Anas filed a defamation suit against the New Patriotic Party (NPP) Member of Parliament in 2018, requesting GHC25 million in...
Stop forcing Bawumia on us – NPP Polling Station executives tell MPs
The New Patriotic Party (NPP) Members of Parliament who are currently going around parts of the country trying to induce delegates with cash to support the candidature of Vice President Dr Mahamudu Bawumia should desist from their action, a group of some polling station executives of the NPP has said. The spokesperson for the group Frederick Owusu said that these lawmakers want to force Dr Bawumia on the delegates. He asked them to stop their action and allow the NPP structures to elect a flagbearer who will be accepted by all. Addressing a press conference in Kumasi on Thursday, March...