Ghana Gas saves $3m monthly after local engineers takeover from Chinese

Ghana Gas saves m monthly after local engineers takeover from Chinese

The Ghana National Gas Company Limited has revealed that it has saved the country about 3 million dollars per month through its localized operations. The State Company maintains that since local engineers took over active operations from the Chinese, it has recorded significant gains that protect the national purse from avoidable waste. Speaking at the State agencies report, a press engagement platform put together by the State Interests and Governance Authority (SIGA) in collaboration with the Ministry of Information on Wednesday, January 11, 2023, the Chief Executive Officer of the…

IMF move at risk if debt exchange fails – Joe Jackson

IMF move at risk if debt exchange fails – Joe Jackson

A Financial Analyst, Mr Joe Jackson has said Ghana risks losing the support it is seeking from the International Monetary Fund (IMF) if the domestic debt exchange programme does not go through. He explained that if the debt exchange fails, the country would not be able to achieve the debt sustainability, which is a requirement that the IMF is looking out for. Speaking on the Ghana Tonight show with Alfred Ocansey on TV3 Wednesday January 11, he said “if we don’t get this debt exhange programme through then we will not be…

1% E-levy: GRA to reimburse customers wrongfully overcharged

1% E-levy: GRA to reimburse customers wrongfully overcharged

The Ghana Revenue Authority (GRA) has assured to reimburse mobile money customers who are wrongfully overcharged following the implementation of the 1 percent levy on electronic transfers. The reduction of the Electronic Transfer Levy (E-Levy) from 1.5 to 1 percent commenced on Wednesday, January 11. The reduction of the levy was made known in the 2023 Budget and Economic Policy Statement presented on the floor of Parliament last year by the Finance Minister, Ken Ofori-Atta. A Member of the E-levy Technical Committee GRA, Opoku Afriyie Asante said adequate measures have…

1% revised E-Levy charge kicks off today

1% revised E-Levy charge kicks off today

The Ghana Chamber of Telecommunications will commence the implementation of the revised Electronic Transfer levy (E-Levy) rate of 1% from today, January 11, 2023. The government presenting the 2023 Budget and Economic Policy Statement, reviewed the 1.5 percent electronic transaction levy downwards to 1 percent effective January 2023. The reduction has also been approved by Parliament. The chamber in a statement said it is working “assiduously with the Ghana Revenue Authority (GRA) and other key institutions, to ensure a seamless implementation of the revised levy from Wednesday, January 11, 2023.”…

2023 CHAN: Ghana vs Mozambique friendly match abandoned after penalty incident

2023 CHAN: Ghana vs Mozambique friendly match abandoned after penalty incident

The Black Galaxies’ final pre-CHAN friendly match against Mozambique at the 5 July 1962 Stadium has been abandoned. The Mozambicans were leading 1-0 after 72 minutes when Ghana was awarded a penalty for a handball incident. The coach of Mozambique invaded the pitch and ordered his players to leave the field for what he described as poor officiating. Despite talks between the two parties, the Mozambican officials were reluctant to allow the game to restart. After several minutes of the Black Galaxies waiting for the game to resume, the match…

UG to ‘vigorously fight’ injunction over outside residential policy

UG to ‘vigorously fight’ injunction over outside residential policy

The management of the University of Ghana has instructed its lawyers to vigorously fight an injunction secured by some students of the Commonwealth Hall seeking to stop the university’s new residential policy. In a statement, the University stated that the injunction was secured on inaccurate information by the supposed students. “Management of the University of Ghana has received a copy of an order for an injunction issued by the High Court, Commercial Division, Accra. This order was secured by eight (8) persons purporting to be residents of Commonwealth Hall. “The…

Cedi rise is a result of support and confidence of Ghanaians in the govt – Miracles Aboagye

Cedi rise is a result of support and confidence of Ghanaians in the govt – Miracles Aboagye

Presidential Staffer Mr Dennis Miracles Aboagye has said that the sudden rise of the Cedi and the recovery against the dollar is as a result of the ‘unflinching’ support and confidence of Ghanaian citizens in the government. He said the support Ghanaians are giving to the government is bearing fruits. “We fall, we rise,” he said. He further indicated that due to the Cedi performance, “Car Spare Parts prices have been reduced by up to 15%. Hopefully, further deeper reduction early January as well” In order to hold on to the…

Real Madrid sign 16-year-old Brazilian Endrick from Palmeiras

Real Madrid sign 16-year-old Brazilian Endrick from Palmeiras

Real Madrid have signed Brazilian teenage prodigy Endrick from Palmeiras. The 16-year-old forward, who has been touted as one of Brazil’s best upcoming talents, will join the European and Spanish champions in July 2024. This is due to Fifa rules prohibiting players under the age of 18 from being transferred abroad. Palmeiras and Real Madrid did not disclose the length of the contract but said Endrick will be visiting his new club’s facilities in Spain next week. Endrick told the Palmeiras website: “I thank Palmeiras, forever the club of my heart,…

Until the big stage comes, work hard on small stages – Socrate Safo to comedians

Until the big stage comes, work hard on small stages – Socrate Safo to comedians

Socrates Safo, Director for Creative Arts at the National Commission on Culture, has challenged Ghanaian comedians to grab every opportunity that can showcase their talent to the public. Socrates Safo mentioned to Caleb Nii Boye, host of 3FM’s Showbiz 927, that only comedians who do not understand the art terrain will go hungry. He added that comedians should always be on the lookout for gathering where they can exhibit their stuff or risk going extinct in the industry. “I don’t see why a comedian should sit on a weekend without doing…

Debt exchange programme not our focus – IMF Chief

Debt exchange programme not our focus – IMF Chief

The International Monetary Fund (IMF) Mission Chief to Ghana, Stéphane Roudet has said the Fund is not concerned about the Government’s domestic debt exchange programme. Mr. Roudet said the Fund doesn’t instruct Governments or member countries on how to restructure their debts but only plays an advisory role until the country’s debts are sustained. Asked what role the Fund will play in ensuring the successful implementation of the debt exchange programme since a lot of fund managers are objecting, Mr. Roudet said, “it is not for us to speculate what…