The government must not collapse NIB and sell it! Inform the Bank of Ghana and the NPP government to leave the National Investment Bank alone! Hands off! The Governor of the Bank of Ghana, Dr. Addison has been making pronouncements that are not well thought through. His (similar) unguided and reckless comments in the past led to a run on many of the banks the Akufo-Addo/Bawumia NPP government collaped in their first term. Per the origins of banking in theory and in history, no bank can survive a bank run where numerous customers withdraw their money with high velocity because they think the bank may fail... But, Governor Addison is back in the ring in 2023 with similar anti-savings and anti-business punches. This time, the National

The Office of the Special Prosecutor (OSP) has arrested Cecilia Abena Dapaah, the immediate past Minister of Sanitation and Water Resources. The arrest is in respect of suspected corruption and corruption-related offences regarding large amounts of money and other valuable items reportedly stolen from her residence by two househelps in 2022. A press statement issued by the OSP said she was placed under arrest at 11:55 GMT on Monday, July 24, 2023. Mrs Dapaah resigned from the position of Minister of Sanitation and Water Resources on Saturday, July 22, 2023. The OSP explained that she was placed under arrest in respect of suspected corruption and corruption-related offences regarding large amounts of money and other valuable items reportedly stolen from her residence. "Ms. Dapaah is being

Observers have questioned the credibility of the results of the most violent election since the civil war. The opposition has said it will not participate in parliamentary proceedings, which means the body will lack the two-thirds majority needed to pass statutory instruments July 10, 2023 by Pavan Kulkarni Voters exercise their franchise in Sierra Leone on June 24. Photo: Photo by Kargbo/Xinhua Uncertainty looms over the viability of the parliament and the functioning of local councils in Sierra Leone following disputes around the June 24 national elections which were officially won by the incumbent President Julius Maada Bio and his Sierra Leone People’s Party (SLPP). The elections were marred by political violence unparalleled since the decade-long civil war in the 90s. Alleging fraud, elected officials of

Ghana Cocoa Board A financial analyst and Director of Business Operations at Dalex Finance, Joe Jackson, has slammed the Ghana Cocoa Board for badly managing its affairs to the extent of defaulting on its cocoa bills.COCOBOD on July 14, invited holders of its short-term cocoa bills to exchange them for longer-term securities.The debt exchange will mean that holders of the short-term securities which will mature in August will have to exchange them for new ones that will begin maturity in 2024.Joe Jackson noted that this indicates that the government together with COCOBOD is unable to pay its bills.“This is truly a COCOBOD problem. COCOBOD has badly managed its affairs, and it hasn’t even published its accounts since 2020, and it is

In a recent development by the Nigerian National Petroleum Corporation (NNPC), fuel pump price has been increased from N537 to an astonishing N617 per litre. This decision has sparked widespread discontent among Nigerians, who have already been burdened with a myriad of economic challenges. Chidi, a frustrated Lagos resident, said: “This fuel pump price increase is outrageous! It’s just another blow to our already burdened lives. How are we supposed to survive amidst increasing prices for basic necessities?” “What kind of country punishes its citizens continually? This is more than just a temporal pain; it’s a permanent burden that keeps getting heavier!” – Funmilayo, a dismayed civil servant in Abuja. For Umar, a disheartened driver in Kano, “The government seems to enjoy tormenting us. How can

The agencies have been summoned to appear in court to show course why records relating to a Nigerian president were deemed unusual to be released to the public. resident Bola Tinubu’s criminal and immigration records in possession of the United States won’t be released until 2026, authorities said in court documents seen by Peoples Gazette.  The U.S. State Department and Federal Bureau of Investigation cited ‘unusual circumstances’ for denying to release the records to the public. Following a freedom of information request, the U.S. authorities said even if they were to release the records, it would be at least until January 2026 before they could do so.  A civil lawsuit has now been filed over the matter before Judge Beryl Howell of the United States