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Government borrows GHȼ59.68 billion in 7 weeks from domestic money market

Since coming into power this year, the government has borrowed GH̼59.68 billion from the local money market. The 91-day, 182-day, and 365-day Treasury Bills were issued in order to borrow GH̼59.68 billion from the domestic money market in just seven weeks. Since taking power at the...

Prez. Mahama orders manhunt for ‘fugitives’ in NSA scandal

Some suspects in the National Sports Authority (NSA) finance scandal have escaped, according to President John Mahama. "I have instructed security agencies to declare them wanted," he said Thursday, February 27, in Parliament during his first State of the Nation Address (SONA) of his second...

The state of our nation isn’t good; the economy is in crisis – Mahama insists

In his first State of the Nation Address (SONA) of his second term, President John Dramani Mahama expressed grave concern about the state of the country, saying that Ghana's economy is in crisis and that its citizens are suffering greatly. He insisted that immediate...

Government withdraws ENI-Springfield Unitisation Directives

Government has officially withdrawn its unitisation directives imposed on ENI Ghana Exploration and Production Limited (ENI) and Springfield Exploration and Production Limited (Springfield) in relation to the Afina-1X Discovery and the Sankofa Cenomanian Oil Field. In a press statement issued on February 25, 2025, the...

KNUST food research scientists find harmful banned substances in some tomato paste

Food Research Scientists from Kwame Nkrumah University of Science and Technology's (KNUST) Department of Food Science and Technology have found a dangerous, prohibited ingredient in some tomato pastes that are marketed in Ghana. Erythrosine, sometimes referred to as Red Dye No. 3, is a chemical...

Cement prices surge again as retailers cite import costs

The cost of cement is expected to rise significantly in Ghana; starting Thursday, February 27th, retailers plan to raise prices by about GHC 9 per bag. The new charges have already been applied by a few retailers. Cement retailer Samuel Azu acknowledged the upcoming price...