Dr. Edward K. Brown, an economist and Senior Director of Research, Policy and Programmes at the Africa Center for Economic Transformation (ACET), has emphasized the critical role of economic transformation in driving Africa’s development. Speaking on The Point of View with Bernard Avle on Channel One TV, Dr. Brown highlighted the need for African economies to move beyond structural adjustments and focus on adding value to their products and exports. “Absolutely, I think, in the 1980s and 1990s, we were talking about structural adjustments and so on. But if you are not transforming the structure of the economy into high value-added products and exports.…
Author: wize
The Governor of the Bank of Ghana, Dr Johnson Asiama, has provided an update on the financial status of the Bank’s headquarters project. Addressing Parliament, Dr Asiama disclosed that as of February 2025, a total of approximately $230 million had been paid towards the construction of the new Bank of Ghana headquarters. However, an outstanding balance of $31.8 million still needs to be paid to the contractor to complete the project. Dr Asiama also highlighted that a significant amount of $48.3 million had been paid in taxes and levies related to the construction. This figure underscores the extensive financial commitments…
Some oil marketing companies have begun marginally reducing fuel prices at the pump following the start of the first pricing window in March. This marks the second consecutive reduction after three successive price hikes earlier this year. Total Energies has led the latest adjustment, lowering the price of both petrol and diesel from GHS 15.99 in the second pricing window of February to GHS 15.79 per liter in the first pricing window of March Shell has also adjusted it fuel prices downward for the first pricing window of March. The price of petrol has been reduced from GHS 15.89 per…
Assembly Members in the Afigya Kwabre South Municipality have demanded the immediate removal of the District Coordinating Director, Yvonne Naboo, accusing her of unilaterally suspending the operationalization of a quarry fund meant to generate revenue for development projects. According to the assembly, the fund was suspended following an illegal takeover of the revenue collection point by thugs after the 2024 elections. The members argue that the decision to halt the fund was made without their consultation, affecting the municipality’s revenue mobilization efforts. Speaking to Citi News on March 5, the Assembly Member for the Buoho Electoral Area, Evans Kusi Worae,…
Member of Parliament (MP) for Hohoe, Thomas Worlanyo Tsekpo has cautioned former Hohoe MP John Peter Amewu to desist from tarnishing the reputation of the constituency, stressing that Hohoe is a peaceful place. His statement follows reports indicating that some unknown assailants, on Wednesday, March 5, stormed the former MP’s residence and fired gunshots with one purporting to be a court bailiff. In an exclusive interview on Channel One Newsroom on Wednesday, March 5, Tsekpo refuted claims that gunmen reportedly stormed the residence of Amewu in Hohoe. He maintains that it was only a delegation which included a court bailiff and a…
Liverpool legend Jamie Carragher has admitted he was “clumsy” in his remarks about the Africa Cup of Nations (AFCON) and admitted that he “got it wrong” after facing backlash. Carragher sparked controversy by suggesting that AFCON was not a “major tournament” while discussing Mohamed Salah’s chances of winning the 2025 Ballon d’Or. He argued that Salah’s bid for the award could be hindered because he was “not playing in a major tournament,” despite excelling for Liverpool. His comments were widely criticised, with many pointing out that AFCON is Africa’s premier football competition. Addressing the backlash on CBS Sports’ Golazo Show,…
The President of the Ghana Football Association (GFA), Kurt Edwin Simeon-Okraku, has urged Premier League Club representatives to apply the knowledge gained from the FIFA Club Professionalisation and Management workshop, which concluded on Wednesday March 5, 2025. The President made the remarks when he closed the two-day workshop, organised for top Ghana Premier League Executives and supported by the world governing body, FIFA, at the Ghanaman Soccer Centre of Excellence (GSCE) in Prampram. President Simeon-Okraku also expressed his gratitude to FIFA for supporting the Football Association’s efforts to enhance football development, while urging the club representatives to apply the knowledge…
The Ashanti Regional Minister, Dr. Frank Amoakohene, has inaugurated a 17-member ministerial committee tasked with revitalizing the region’s declining film industry, popularly known as Kumawood. With Kumawood facing a downturn in recent years, the committee has been charged with developing a strategic framework to rejuvenate the industry and create sustainable employment opportunities for industry players. The committee comprises representatives from various sectors of the film industry, including veteran actors Oheneyere Mercy Asiedu and Bill Asamoah. It will be chaired by Bishop Ofori-Adu. Speaking at the swearing-in ceremony on Tuesday, March 4, Dr. Amoakohene urged the members to remain united and…
President John Dramani Mahama has reiterated his commitment to paying modest allowances to Assemblymen and women, a promise he made during his campaign. “I did promise to pay modest allowances to our Assemblymen and women. I am committed to that promise,” President Mahama said while delivering his first State of the Nation Address (SONA) to Parliament last Thursday. President Mahama noted that decentralisation had been at the heart of the country’s governance system, yet key players in the process such as Assemblymen and women often faced neglect and inadequate compensation. Election of MMDCEs The President also reaffirmed his commitment to…
The Electronic Money Issuers (EMIs) Chamber of Ghana has condemned the recent wave of violent attacks targeting mobile money agents across the country. In a press release, the Chamber expressed its deepest condolences to the families of agents who have lost their lives and called for urgent measures to protect these essential workers in Ghana’s financial ecosystem. The Chamber highlighted the critical role mobile money agents play in facilitating secure and accessible financial transactions for millions of Ghanaians. However, the alarming rise in attacks on these agents has raised serious concerns about their safety and the stability of the financial…