Monday , May 29 2023


food wrapped in plastic sheets link to prostate, breast cancers, among others

I recently chanced on a video posted on Facebook by the renowned singer, Kofi Kinata lamenting how fante kenkey is now wrapped with plastic rubbers, then covered with the traditional plantain leaves before cooking on the fire. His concern was that this predispose the consumers to several ailments.  Indeed, this is a …

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China will have access to Ghana’s mineral revenue, electricity sales in default of 4 loans – IMF

China will have access to Ghana

The International Monetary Fund (IMF), has revealed details about how Ghana’s four collateralized loans from China have exposed the country to the possibility of losing parts of its mineral resource revenue in addition to electricity sales in the future. For Ghana, Chinese loans have been a reliable funding source for …

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Your Free SHS is poorly targeted – IMF tells government

The International Monetary Fund (IMF) has described government’s flagship Free SHS Senior High School (SHS) programme as poorly targeted. The Fund made this observation in its latest country report on Ghana, whose request for a $3 billion bailout it recently approved. According to the report, the Free SHS programme “which …

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Continue paying existing transport fares for now – GPRTU pleads with public

GPRTU, trotro, vehicle

After news about the 10% reduction in transport fares broke, commuters were anticipating a reflection on the ground but their joy was shattered. This comes after the Ghana Private Road Transport Union (GPRTU) appealed to the general public to continue paying the existing fares until the leadership of the various …

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IMF Board finally approves Ghana’s programme request for $3bn bailout


The International Monetary Fund (IMF) has finally approved Ghana’s Programme request seeking for a $3 billion Balance of Payment support to stabilize the economy. The IMF in the coming hours is expected to issue a press statement giving more details about the approval. Joy Business is learning that the Board …

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IMF Executive Board to consider Ghana’s request for ECF arrangement

IMF boss

All is set for the Executive Board of the International Monetary Fund (IMF) to consider Ghana’s Programme today May 17, 2023, with indications that the country will secure an approval for the programme. This will pave way for the disbursement of the first tranche of the $3 billion balance of …

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First tranche of IMF cash to hit BoG account this week

Ken Ofori-Atta

The first tranche of International Monetary Fund (IMF) cash to support the country’s balance of payment is expected to hit the Bank of Ghana’s account this week. Joy Business is learning that the IMF Board will approve the “cash disbursement” as soon as it considers a request for Ghana’s Programme …

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Ghana secures Paris Club financing assurance for $3bn IMF bailout

President Akufo Addo

China and the Paris Club have agreed to provide the debt assurances required to aid Ghana’s request for a balance of payment support from the International Monetary Fund (IMF). They have thus asked all private creditors and other official bilateral creditors to commit to Ghana’s deal without any further delay. …

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IMF bailout: Ghana almost there – Kojo Oppong Nkrumah

Oppong Nkrumah

Information Minister Kojo Oppong Nkrumah says the country will soon secure a bailout from the International Monetary Fund (IMF). According to him, Ghana’s package is virtually ready to be presented for approval any moment now following the government’s successful engagement with Ghana’s creditors. Mr Oppong Nkrumah said this is according …

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Inadequate gas supply cause of recent power outages – ECG MD

Samuel-Mahamah, Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama

The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama, has attributed the recent power outages to inadequate gas supply to fuel power plants. According to him, the energy supplier, Nigeria Gas, is currently having some challenges, thus, affecting the generation of electricity in the country. “We …

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