The Ghana Cedi depreciated by 5.3% against the US dollar in the first quarter of 2025. This is according to the Bank of Ghana’s Summary of Economic and Financial data for the period ending March 2025. The cedi’s losses were particularly pronounced in January (5.3%) and February (3.9%), reflecting ongoing pressures on the exchange rate. Against the euro, the cedi weakened 9.2%, closing the quarter at GH¢16.75 per euro. It also fell 8.2% against the British pound, trading at GH¢20.03 per pound by the end of March. However, in a positive development, the local currency gained 0.31% week-on-week in the…
Author: wize
The Accra High Court has reduced the bail condition for Kwabena Adu-Boahene, the embattled former Director-General of the National Signals Bureau (NSB), from GHS120 million to GHS80 million. However, his wife, Angela Adjei Boateng, continues to face bail set at GHS80 million, with two sureties required to be justified. Both individuals are mandated to report to the Economic and Organised Crime Office (EOCO) three times a week. Additionally, their travel has been restricted, requiring express permission from EOCO for any trips. The couple were in custody following an investigation by EOCO into allegations of embezzlement, fraud, and illicit financial transactions.…
British actor and filmmaker Idris Elba has been honoured as a son of Ga land during a grand ceremony at the Ga Mantse Palace in Accra. Under the reign of King Tackie Teiko Tsuru II, the event recognized Elba’s contributions to the African diaspora and his commitment to Ghana’s creative industry. Justice Naa Yaale, Chief of Staff to the Ga Mantse and daughter of independence hero Ako Adjei, officially welcomed him, highlighting the cultural significance of his visit. Elba’s homecoming was marked by traditional drumming, dancing, and a vibrant display of Ga heritage. Addressing the gathering, he reaffirmed his dedication…
Consumer advocacy group, CUTS International is calling on the Ministry of Communications, Digital Technology, and Innovation, as well as the Ministry of Trade, Agribusiness, and Industry, to intervene in MultiChoice Ghana Limited’s decision to increase service prices. CUTS International has raised concerns over the short notice given for the price adjustment, which is set to take effect on April 1. The subscription price adjustment reflects an average increase of 15% across all subscriber packages with Multichoice Ghana indicating that it considered the rate of consumer inflation and current economic pressures facing customers in arriving at the price adjustment. But Consumer…
Brazil captain Marquinhos has apologised to the fans after an “embarrassing” display in their 4-1 World Cup qualifying defeat by Argentina in Buenos Aires. Julian Alvarez, Enzo Fernandez, Alexis Mac Allister and Giuliano Simeone were on target for Argentina, whose World Cup qualification was confirmed before kick-off by Bolivia’s draw with Uruguay. Matheus Cunha replied for the five-time world champions, who suffered their worst defeat in World Cup qualifying and are not yet guaranteed of a place in next year’s finals. “What we did here can’t happen again,” Marquinhos told Brazilian TV station Globo. “It’s hard to talk about it…
Antigraft crusader and renowned Pan-Africanist, Prof. P.L.O. Lumumba, is set to speak on 21st Century Education at the University of Education (UEW) Public Lecture Series. Under the theme “Empowering Minds, Shaping Futures for 21st-Century Education,” the event will bring together key figures in education, leadership, and policy to discuss the future of learning. With education rapidly evolving, the lecture seeks to explore innovative approaches to preparing students for modern challenges. Under the auspices of the Vice-Chancellor of UEW, Prof. Stephen Jobson Mitchual; Minister of Education, Haruna Iddrisu, will be the Guest of Honour, while Prof. P.L.O. Lumumba will deliver the…
Ghana and Morocco have reached an agreement to initiate moves toward waiving visa requirements for all categories of travellers between the two countries, a move aimed at fostering closer diplomatic and economic ties. Announcing the development, Ghana’s Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, stated that the agreement would be presented to both nations’ parliaments for ratification in the coming weeks. “We have both additionally pledged to deepen collaboration in agribusiness, tourism, and security,” he said after holding discussions with the Moroccan Ambassador to Ghana, Her Excellency Imane Ouaadil. Mr Ablakwa described the meeting as “fruitful and assuring” and used…
Former Ghana striker, Augustine Ahinful believes Black Stars cannot afford to lose against Chad. After failing to qualify for the 2025 Africa Cup of Nations (AFCON) tournament for the first time in two decades, the Black Stars will regroup for their 2026 World Cup qualifiers. The four-time African champions will host Chad in the Matchday five games at the Accra Sports Stadium on Friday, March 20. Kick-off for the game is scheduled at 19:00 GMT. After the team endured a torrid 2024, Ahinful believes the Black Stars cannot afford to lose against Chad. “Black Stars cannot afford to lose against…
The President of the Greater Accra branch of the Association of Ghana Industries (AGI), Tsonam Akpeloo, has criticised Ghana’s tax structure, arguing that businesses that diligently comply with tax regulations often end up facing additional levies instead of being rewarded for their compliance. Speaking at a post-budget discussion organised by Lima Partners on Thursday, March 20, 2025, Akpeloo emphasised the need for the government to broaden the tax base rather than continuously imposing new taxes on already compliant businesses. He expressed concern that this approach discourages tax compliance and places an undue financial strain on businesses striving to operate within…
Sudan’s army has reclaimed the Presidential Palace in the capital, Khartoum, in a significant victory over a rampaging militia that controls swaths of the war-torn country. The Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RSF) have viciously scrambled for territory since fighting broke out between them in April 2023. The conflict has triggered one of the world’s worst humanitarian crises and has left more than 28,000 people dead with 11 million others forced to flee their homes, according to the Armed Conflict Location and Event Data initiative. The RSF has laid siege to Khartoum and the Sudanese…