Business
IMF deal: Addison expresses optimism that 2nd review will lead to release of 3rd tranche
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has expressed optimism that the successful second review of the programme with the International Monetary Fund (IMF) will lead to the release of the 3rd tranche. The country had already received two tranches, $600million each. The release of the third tranche would increase the total […]
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Economy
BoG holds policy rate steady at 29% amid lingering inflation risks
By Joshua Worlasi AMLANU (joshua.amlanu@thebftonline.com) The Monetary Policy Committee (MPC) of the Bank of Ghana has announced its decision to maintain the monetary policy rate at 29 percent, citing persisting upside risks to inflation. Dr. Ernest Addison, Governor of the central bank, disclosed the rationale behind the decision during the 117th MPC meeting’s press briefing […]
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Nigeria
Crisis brews in Ogun Assembly over appointment of clerk
There is disquiet among both career staffers and political office holders of the Ogun State House of Assembly over the appointment of a new Clerk. The crisis became noticeable after the House Clerk, Adedeji Adeyemo, retired from active service in early March and the assembly refused to announce a name to occupy the office since […]
The post Crisis brews in Ogun Assembly over appointment
Banking & Finance
Governor meets UBA Group Managing Director
The Group Managing Director (GMD) of UBA Group, Mr. Oliver Alawuba, recently paid a working visit to the Governor of the Bank of Ghana, Mr. Ernest Addison, in a meeting that underscored UBA’s commitment to regulatory compliance and strategic expansion in Ghana and beyond. Mr. Alawuba assured Governor Addison that UBA would continue to adhere […]
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Featured
We won’t tolerate further delays in approving anti-gay bill – Minority
The Minority Caucus in Parliament has warned that it will not tolerate any further attempts to delay the approval of the bill on the promotion of proper human sexual rights and Ghanaian family values, commonly known as the anti-gay bill. Last week, ahead of the third reading and potential passage of the bill, Deputy Majority […]
The post We won’t tolerate
Nigeria
Stop running Rivers State without approved budget –APC warns Gov Fubara
The All Progressives Congress, APC, in Rivers State has cautioned Governor Sim Fubara against running the state without a duly approved budget by the state House of Assembly. The Chairman of the Caretaker Committee of the party in the state, Tony Okocha, spoke in Port Harcourt while visiting the Speaker of the State Assembly in […]
The post Stop running Rivers State without
Banking & Finance
Interoperability crucial for intra-Africa Trade, financial inclusion – Dr. Addison
Bank of Ghana Governor Dr. Ernest Addison has said there is no better time than now for Africa to revisit the issue of scaling-up interoperability, in a bid to deepen financial inclusion and intra-Africa trade. He said the high prevalence of mobile devices, mobile money penetration and increased Internet connectivity offer an opportune window to […]
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Banking & Finance
Banks remain resilient – BoG
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […]
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Business
‘Central Bank Revoked GN Bank Licence Legally’
Dr. Ernest Addison, BOG Governor The Human Right Division, Accra High Court, has dismissed an application filed by Dr. Papa Kwesi Nduom, GN Saving and Loans Company and others for
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Nigeria
Delta APC accepts Supreme Court judgement, congratulates Oborevwori
The Delta State chapter of the All Progressives Congress, APC, has accepted the judgement of the Supreme Court, which upheld the return of Francis Sheriff Oborevwori by the Independent National Electoral Commission (INEC) as the governor of Delta State in the March 18, 2023 governorship election. This was contained in a statement signed by the […]
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Featured
Write your will before trying to rig polls comment was just a metaphor – Agbodza
The Minority Chief Whip and Member of Parliament for Adaklu, Governs Kwame Agbodza, has justified his warning to people contemplating rigging the December elections in the Volta Region. He advised individuals nursing plans to rig the 2024 polls in the Volta Region to write their will before attempting to execute such a sinister move. Agbodza, […]
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World News
Russian missiles wreck Kharkiv hotel -Ukraine says
Two Russian missiles have struck a hotel in Ukraine’s second-largest city, Kharkiv, injuring 11 people, the Kharkiv governor says. Photos from Ukraine’s State Emergency Service showed the hotel heavily damaged and firefighters at the scene. Governor Oleh Synehubov said the injured included Turkish journalists. Two S-300 missiles struck at about 22:30 (20:30 GMT), he said. […]
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News
Cannabis Regulation: Governs Agbodza raises concerns over potential abuse
The Minority Chief Whip, Governs Agbodza, has warned of the possible abuse of cannabis following the maturity of the legislative instrument to regulate its cultivation and management by the government. The L.I. seeks to streamline the use of cannabis for medicinal and industrial purposes after the parent law was passed by Parliament. Reacting to the […]
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Volta
Adaklu MP asks youth to establish own businesses
The Member of Parliament (MP) for Adaklu, Mr Governs Kwame Agbodza, has called on the youth to embrace skills training at the various vocational and technical institutions to enable them to acquire employable skills. According to Mr Agbodza, the public sector does not have the capacity to employ all the youth and that it was […]
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