The Public Interest and Accountability Committee (PIAC) has raised red flags over the Ministry of Finance’s failure to deposit $70 million in proceeds from Jubilee Oil Holding Limited (JOHL) into the Petroleum Holding Fund (PHF). This oversight has contributed to a staggering $343 million in unpaid revenue in the PHF […]
Business
Locked-Up Investment Holders Renew Picketing at Finance Ministry
The Locked-Up Investment Holders Forum has resumed picketing at the Finance Ministry, demanding the release of their funds trapped in defunct financial institutions. The group is pressing the ministry to disburse funds to the Bank of Ghana, enabling the Central Bank to dissolve the failed entities and pay off investors. […]
NAM1 Trial: Court to Decide on July 10
The Accra High Court is set to determine the fate of embattled Chief Executive Officer of defunct Menzgold Ghana Ltd, Nana Appiah Mensah, also known as NAM1, on July 10. The court will decide whether NAM1 should open his defense or walk free. On Tuesday, the prosecution and defense lawyers […]
Roads Minister Advocates for Reintroduction of Road Tolls Amid Worsening Infrastructure
The debate over reintroducing road tolls in Ghana has resurfaced after the suspension of their collection in 2021. The country’s road network is in severe disrepair, with maintenance efforts hampered since the tolls were discontinued on November 18, 2021. Previously, funds from toll collections were used to maintain these roads. […]
Cedi in Free Fall: Ghana’s Currency Hits 20-Year Low Amid Economic Storm
In a stark indication of Ghana’s deepening economic woes, the cedi has plummeted to its lowest level in two decades, battered by surging corporate demand for dollars and a sharp decline in cocoa export revenues. The cedi’s downward spiral has left businesses and individuals reeling, with the currency losing 20% […]