In a recent development, the American International School has refunded the sum of $760,000, which Yahaya Bello, the embattled Governor, had paid for his children’s school fees. According to Dele Oyewole, the spokesman for the Economic and Financial Crimes Commission (EFCC), the refund was made directly to the EFCC’s recovery account. Oyewole revealed this exclusive … Read more
Ghana’s crude oil production witnessed a decline of 6.78% in 2023, marking a continued downward trend over the past four years, as highlighted in the Public Interest Accountability Committee’s (PIAC) 2023 Annual Report on the Management and Use of Petroleum Revenue. Production Figures In 2023, Ghana produced 48,247,036.61 barrels of oil, a decrease from 51,756,481 … Read more
Ghana’s economy is currently grappling with significant challenges, most notably a historic cost-of-living crisis that disproportionately affects informal employment sectors in Accra. The roots of this crisis are multifaceted, stemming from various economic pressures and policy shortcomings. The International Monetary Fund (IMF) reports that these issues have pushed over 850,000 Ghanaians workers into poverty. PAY … Read more
Amidst the global shift towards cleaner energy sources, the Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Dr. Ofori, has stressed the importance of protecting investments in the petroleum sector while transitioning into clean energy. He emphasized that such measures are crucial for Ghana’s energy future amidst the global push towards sustainability. … Read more
An investigation by KPMG, commissioned by President Nana Addo Dankwa Akufo-Addo, has revealed that Strategic Mobilisation Ghana Limited (SML) did not pay Value Added Tax (VAT) amounting to GH¢13.38 million. This oversight occurred during an eight-month period, from September 1, 2020, to April 30, 2021, when the Ghana Revenue Authority (GRA) made bulk payments to … Read more
Vice-President Dr. Mahamudu Bawumia has inaugurated a new initiative aimed at empowering 5,000 female head porters, known as ‘kayayei’, to improve their socio-economic status. Launched in Accra, the ‘Kayayei Empowerment Programme’ will offer vocational training, housing, and support to facilitate these women’s transition into more stable employment. Programme Overview The initiative focuses on providing technical … Read more
Dr. Mahamudu Bawumia, Ghana’s Vice-President, has committed to significant investments in digital infrastructure aimed at accelerating socio-economic growth and establishing Ghana as Africa’s digital hub. This strategic move is intended to provide young people with the necessary digital skills, enabling them to seize emerging opportunities and create self-employment. “I will make Ghana a digital hub … Read more
Cocoa, often referred to as the ‘golden pod’, has been integral to Ghana’s economy for over a century. Its importance is underscored by the livelihood it provides to approximately 850,000 farming families. While gold is Ghana’s top export by value, cocoas remains vital due to its widespread economic impact and renewability. Historical Significance Cocoa’s cultivation … Read more
Aliko Dangote, Chairman of the Dangote Group, has announced that Nigeria will cease importing gasoline by June 2024 due to the operational capabilities of the Dangote Refinery. This milestone marks a significant shift for Nigeria, which has historically relied on gasoline imports to meet domestic demand. Refinery Capabilities The Dangote Refinery, which started producing diesel … Read more
Land is one of the most valuable resources in Ghana. Many people are finding ways to make money with land, turning it into profitable ventures. Investing in land can be a wise decision, offering long-term benefits and various opportunities to grow your wealth. Understanding Land Ownership in Ghana Before you can make money with land … Read more