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Rating agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. The downgrade, it said, reflects the deterioration of Ghana’s public finances, which has contributed to a prolonged lack of access to Eurobond markets, in turn leading to a significant decline in external liquidity. “In the absence of new external financing sources, international reserves ...

An Economist at the University of Ghana Business School, Professor Godfred Bokpin, has backed calls for a national dialogue to bring the economy back on track. He said there is a need for consensus building, to bring on board alternative ideas from civil Society, academia among others to find solution to the economy. Speaking on GBC’s Current Affairs programme ‘Behind ...

Executive Director of the Ghana Integrity Initiative (GII), Madam Linda Ofori Kwafo has told President Nana Addo Dankwa Akufo-Addo to take particular interest in the case of the Council of State Member who is alleged to have been involved in the Labianca Foods scandal. This comes after the Office of the Special Prosecutor (OSP) recovered over GHC1 million GHC1,074, 627.15) from Labianca Foods in unpaid import duties. ...

MindFreedom Ghana, a mental health advocacy organization has blamed state actors for not prioritizing issues relative to mental health in the country. MindFreedom’s reaction was triggered by a recent news report by: myjoyonline.com https://www.myjoyonline.com/mentally-challenged-woman-stones-man-todeath-at-kwame-nkrumah-circle/ with the Headline, “Mentally challenged woman stones man to death at Kwame Nkrumah Circle on 1st August, 2022.”    In a Press statement signed  and  issued in ...

Council of State member, Eunice Jacqueline Buah Asomah-Hinneh has been accused by the Office of Special Prosecutor (OSP) of corruption-related offences. In November 2021, the OSP was petitioned by one Frank Asare, to launch an investigation into the Customs Division of the Ghana Revenue Authority and Labianca Company and its subsidiaries for alleged evasion of import duties since 2017. The ...

The Africa Water Justice Network(AWJN) has backed Civil Society Organisations and rights activists in Nigeria, Kenya and South Africa and others resisting the continuous dispossession of people of their rights. The AWJN also supports the activists’ insistence on increased state-led tax-financing of basic social services nd calls on the African public,workers, media, lawmakers and students to support efforts by civil ...

A call has been made on Ghanaian voters to consider voting massively for women candidates who will be contesting the District Level Elections in 2023. Even though processes for the said election have not begun, ABANTU for Development, a leading women’s rights policy, and advocacy organization has started rallying to ensure that more women partake in the district level to ...

After over five months of touring the country, MindFreedom Ghana has completed a Shadow Report on the Universal Peer Review (UPR) process and readying itself to submit it to the UN Human Rights Council by the close of Thursday, July 14. With funding support from OSIWA, MindFreedom Ghana in collaboration with non-state actors and the media organized in-country consultations which ...

Ghana’s inflation has gone up again, rising to 29.8 percent in June 2022. This is up from 27.6 percent recorded in May 2022, according to the Ghana Statistical Service (GSS). The consumer price index for June was 167.7 relative to 129.2 in June 2021. The month-on-month inflation between May 2022 and June 2022 was 3 percent. Food inflation stood at ...

The team from the International Monetary Fund (IMF) has advised Ghana’s Parliament to approve a $1bn loan that is before the House in order to prevent the economy from grinding to a halt, TV3’s Parliamentary correspondent Komla Kluste has reported. The team met the Finance Committee of Parliament on Tuesday, July 12 as part of its initial discussions with the government for a potential ...