GHANA PLANS TO RESTRUCTURE $2.7BN IN PENSION FUNDS TO DELAY SHORT-TERM PAYMENTS TO RETIREES.
By Christian Akorlie and Maxwell Akalaare Adombila (Credit: Reuters) ACCRA (Reuters) – Ghanaian labour unions have asked the government for time to assess a proposal presented on Thursday to restructure pension funds worth around 30 billion Ghanaian cedis ($2.7 billion). The West African nation is looking to extend the maturity periods of cedi currency bonds... Read More
VICE PRESIDENT MAHAMUDU BAWUMIA OFFICIALLY ENTERS THE 2024 PRESIDENTIAL RACE.
Ghana’s Vice President, Dr. Mahamudu Bawumia, has ended speculation about his intention to run in the 2024 presidential elections after his political surrogates picked up nomination forms on his behalf from the New Patriotic Party (NPP) headquarters today to make his political ambitions unambiguous. The NPP presidential primary nomination process was opened today May 26,... Read More
NPP RETAINS KUMAWU SEAT WITH OVER SEVENTY PERCENT SUPPORT FROM THE ELECTORATE
The people of the Sekyere Kumawu Constituency in the Ashanti Region have voted massively for the ruling New Patriotic Party (NPP) to retain the parliamentary seat left vacant due to the demise of the sitting MP, the late Philip Basoah. It was one of the most expensive and fiercely contested by-elections in Ghana, attracting political... Read More
Livista Energy partners with CAA Mining to process Lithium in Ghana
credit: Reuters European lithium refiner Livista Energy said on Monday that it has formed a partnership with African miner CAA Mining to set up a conversion facility in Takoradi, western Ghana for the processing of lithium. Livista aims to convert spodumene, a mineral with lithium content, produced in Ghana into an intermediary lithium chemical at... Read More
Ghana Procures Russian and UK Armored Vehicles and Radio Equipment for the Ghana Armed Forces
BTR-70 Armored Personnel Carrier (Made in Russia) The Ghana Armed Forces have taken delivery of some 175 armored personnel carrier vehicles and radio communication equipment to replenish its dilapidated military and logistical equipment to meet the ever-changing security challenges facing Ghana and governments in the West African sub-region. Nana Addo Dankwah Akufo-Addo, the President of... Read More
Resolving the current economic crisis: The need for a political settlement
By Samuel Ameyaw ( A Corporate Finance Specialist and Insurance Expert) The national economic situation is grimmer than most Ghanaians know it to be. Yes, most of us know that prices of everything have quadrupled over the last year and the cost of living has hit the roof. We know that the cedis, the national... Read More