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The World Bank has indicated that Ghana’s economy was struggling before the outbreak of the COVID-19 pandemic. Speaking at a public lecture organized by the One Ghana Movement, the World Bank Country Director, Pierre Laporte, said recent economic woes were expected. The government has largely blamed COVID-19 for the challenges the economy is going through. Mr. Laporte said his outfit ...

Finance Lecturer at the University of Ghana Business School (UGBS) has warned that Ghana’s economy will be severely battered and may have to seek policy credibility from the International Monetary Fund (IMF). According to him, the economy is on the verge of collapse as the country’s debt stock hits high distress levels as well as the Services and Income Account ...

Women and girls, especially in rural communities, continue to face the brunt of the climate crisis that exacerbates pre-existing inequalities, jeopardizes their food security, and feeds instability and migration, warns the United Nations World Food Programme on International Women’s Day. International Women’s Day 2022 focuses on “Gender equality today for a sustainable tomorrow” recognizing the contribution of women and girls ...

Russia’s military attack on Ukraine has “opened a new and dangerous chapter in world history,” UN High Commissioner for Human Rights Michelle Bachelet told an urgent debate on Thursday, leading calls for a ceasefire.  Convened at the request of Ukraine, the Human Rights Council gathered in Geneva to consider a draft resolution on the “situation of human rights in Ukraine stemming from the Russian ...

World leaders have accused Russia of endangering the safety of an entire continent after its forces shelled a nuclear power station in southern Ukraine. A fire broke out at the Zaporizhzhia nuclear plant – the largest in Europe – after it was attacked by Russia. Authorities say the facility is now safe and radiation levels are normal. But UK Prime ...

As part of a comprehensive corporate social policy, Geodrill Ghana Limited, West Africa’s leading exploration drilling company, has donated a combined amount of GH¢450,000 to three Senior High Schools (SHS) across the country to boost educational infrastructure.The schools, which include Achimota SHS in Accra, Tamale SHS in the Northern Region, and Mfantsipim SHS in the Central Region, each received an ...

Representatives from the three African nations on the UN Security Council — Kenya, Ghana, and Gabon — all condemned reports of discrimination against African citizens at the Ukrainian border during a meeting at the UN HQ in New York City Monday. There have been widespread reports from African students fleeing the country that they faced segregation, racism and abuse. “In the unfolding ...

The Director-General of the Internal Audit Agency (IAA), Dr Eric Oduro Osae, has revealed that staff of three state institutions will soon be prosecuted for misappropriating Covid-19 funds. According to him, the Agency is collaborating with the Economic and Organised Crime Office (EOCO) to fast track the processes for the prosecution. Dr Oduro Osae was speaking at the Ghana Anti-Corruption ...

The Chamber of Petroleum Consumers Ghana, COPEC, has predicted that fuel will sell at GHS 9.00 per litre by the close of March this year. According to COPEC, the unprecedented hike in the prices of fuel is partly due to the depreciation of the cedi and Russia’s invasion of Ukraine which is affecting international market prices. His comments come after ...

President Nana Akufo-Addo says efforts are being made to halt the ongoing depreciation of the Cedi against the US Dollar. According to the President, the development is of concern to him just as it is for the business community and the ordinary Ghanaian. For some time now the foreign exchange rates especially for the US dollar provided by the Bank ...