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A former Minister of Power, Dr. Kwabena Donkor, says Ghana risks returning to the dreaded days of erratic power outages known as ‘dumsor’ in the next two years if government fails to address the issue of power generation capacity. He contends that despite the fast-growing rate of power demand and consumption, there has not been a commensurate increase in supply ...

British-Swedish pharmaceutical company AstraZeneca announced on Monday its antibody-drug Evusheld, which is taken pre-emptively to prevent Covid-19, has been approved in the European Union. The treatment, administered in two injections, can be taken by adults and adolescents above the age of 12. In clinical trials, the drug reduced the risk of developing symptomatic Covid-19 by 77% compared to the placebo, the company said ...

President Akufo-Addo has called on all and sundry to throw their weight behind the Ministry of Lands and Natural Resources in the fight against illegalities in the natural resources sector, particularly the fight against illegal mining and also support the Green Ghana project. Addressing citizens during his 2022 State of the Nation Address (SONA) on March 30, 2022, the President ...

Ghana’s leader Nana Addo Dankwa Akufo-Addo says despite the far distance of the crisis in Eastern Europe, where Russia has launched an invasion on neighbours Ukraine, Ghana is feeling the effects. He said the Russia-Ukraine crisis, which began on Thursday, February 24, has had an indirect impact on the economy of Ghana in one way or the other. Addressing Parliament on Wednesday, ...

President Akufo-Addo has admitted for the first time that the timeline given by his government for the construction of all hospitals under the government’s Agenda 111 project, was overly ambitious. The President, who said this in parliament on Wednesday, March 30, 2022, when he delivered the State of the Nation Address, said the projects will be completed before January 7, ...

The government has committed to further spending cuts amid the rising cost of living and growing sense of economic hardship. These new measures will be in addition to the ongoing 20 percent expenditure cut as part of fiscal stabilization and debt sustainability measures. Members of the Council of State also voluntarily cut their monthly allowances by 20 percent till the ...

Fuel prices in Ghana will go down by 15 pesewas per litre effective April 1, 2022. This reduction will be in place for three months. This was disclosed by the Minister of Finance, Ken Ofori-Atta, on Thursday, March 24, 2022, while announcing measures put in place by the government to cushion Ghanaians against current economic shocks. “To mitigate the rising ...

The government says all its flagship programs including the ambitious Free Senior High School (SHS) policy will continue to run regardless of the challenges confronting the country’s economy. This is contrary to earlier suggestions by the Minister responsible for Information, Kojo Oppong Nkrumah that all 16 flagship programs of the government including the Free SHS were up for possible review ...

Good afternoon, Ladies and Gentlemen of the Press and fellow citizens. Thank you for availing yourselves. I am here today to announce to you measures to address the economic difficulties we are facing due mainly to recent global and domestic events. These difficulties have manifested in:  rising fuel prices;rising inflation and cost of living;exchange rate depreciation;rising interest rates; andrevenue mobilisation ...

The Ghana Integrity Initiative (GII) has outdoored a Corruption Risk Assessment Report (CRA) on the Government of Ghana’s COVID-19 interventions.  The Report, which was launched via Zoom in February this year was meant to evaluate the susceptibility of the Government’s COVID-19 socio-economic interventions to corruption and to provide appropriate policy recommendations to relevant state agencies on ensuring the integrity of ...