ECG is not for sale – John Jinapor
In response to recent reports suggesting the potential sale of the Electricity Company of Ghana (ECG), John Abdulai Jinapor, the Minister of Energy and Green Transition, has firmly refuted these…
Sam Jonah says UT Bank collapse is economic injustice
Renowned businessman and Executive Chairman of Jonah Capital, Sir Sam Jonah, has strongly criticized the closure of UT Bank, describing it as a significant act of economic injustice that has…
Payment to DDEP Bondholders: Mahama has proven to be law-abiding – Sophia Akuffo
Former Chief Justice Sophia Akuffo has praised President John Dramani Mahama for fulfilling the government’s obligation to bondholders by paying the money owed to them. She believes that the president’s…
I’m officially an NDC member – Michael Blackson celebrates over Eurobond settlement
Ghanaian-American comedian and philanthropist Michael Blackson has officially declared his membership with the National Democratic Congress (NDC) following the government’s recent settlement of Domestic Debt Exchange Programme (DDEP) coupons totaling…
Cedi continues strong performance against dollar, one dollar equals GH¢15.75
The Ghana cedi continued its strong performance against the US dollar in the retail market yesterday February 17, 2025, after a week of mixed performance against the major foreign currencies.…
DDEP: Finance Ministry pays GH₵6bn to bondholders
President John Mahama has directed the Ministry of Finance to settle outstanding Domestic Debt Exchange Programme (DDEP) coupons and build a financial buffer through the Sinking Fund. In line with…
Karpowership in talks with gov’t over $379m unpaid debt
Karpowership Ghana is currently discussing with the government to address accumulated debt, stating that the non-payment of invoices is affecting its operations. Speaking in an interview, Sandra Amarquaye, Communication Manager…
Dumsor looms as Karpowership threatens shutdown over $370m debt
Ghana faces an imminent power crisis as Karpowership, the operator of a floating power plant at Aboadze in the Western Region, has threatened to halt operations.Their decision stems from a…
ECG’s finances: Revenue underreporting and more
The Electricity Company (ECG) has come under scrutiny after an audit by PwC exposed major financial irregularities. The report reveals that ECG under-declared its revenue to the regulator (PURC), failed…
‘Rushing back to capital markets could be costly’ – World Bank warns Ghana
World Bank Country Director for Ghana, Liberia, and Sierra Leone, Robert Taliercio, has cautioned Ghana against making a premature return to international capital markets, warning that such a move could…
