Quick Summary: Minister for Works and Housing, Kojo Oppong Nkrumah, inaugurates the Ghana Hydrological Fund during the Built Environment National Conference on Housing and Hydrology (BENCHH) 2024. With an initial allocation of GHS 1.5 million, the fund aims to address Ghana’s perennial flooding challenges by financing critical projects like drainage construction and dredging. The Minister underscores the fund's role in improving water management and calls for collaborative efforts from stakeholders and development partners to ensure its success. Full Article: Ghana has taken a decisive step towards tackling its longstanding housing and flooding challenges with the launch of the Ghana Hydrological Fund during the Built Environment National Conference on Housing and Hydrology (BENCHH) 2024. The three-day conference, held at Labadi Beach Hotel, commenced with an opening address by Minister for Works and Housing, Kojo Oppong Nkrumah, who emphasized the urgent need for sustainable solut...

  Quick Summary: Accra has experienced severe flooding in numerous areas following a heavy downpour early Wednesday morning. Major roads such as those from the Airport through Shangri-La to Shiashie are impassable, causing extensive traffic congestion and stranding commuters. Businesses have closed, and residents are calling for urgent assistance from NADMO to manage the aftermath. Full Article: Accra, Ghana's capital city, has been severely affected by extensive flooding following a heavy downpour that began early Wednesday morning. The rainfall, which started around 3 am in some areas, has caused significant disruption across the city, particularly impacting road users and local businesses. Major roads, including the route from the Airport through Shangri-La to Shiashie, have been submerged under floodwaters, rendering them impassable and causing massive traffic gridlock. Other areas severely affected include Tantra Hill, Adabraka Sahara, the Ofankor Pokuase stretch, the Accra-Te...

Quick Summary The government recorded a 12.79% oversubscription in its recent treasury bill auction, securing GH¢2.99 billion against a target of GH¢2.65 billion. The majority of the bids were for the 91-day bill, with interest rates remaining stable across all maturities. Full Article In a notable financial move, the government achieved a 12.79% oversubscription in its latest treasury bill auction, as reported by the Bank of Ghana. The auction results revealed that the government secured GH¢2.99 billion, surpassing the target of GH¢2.65 billion. Breaking down the figures, bids for the 91-day bill amounted to GH¢2.358 billion, representing 88.7% of the total, all of which were accepted. The 182-day bill attracted GH¢573.45 million from investors, with the government accepting all bids as well. For the 364-day bill, GH¢64.31 million was tendered, and again, all bids were accepted. Interest rates remained stable across the yield curve during this period. The yield on the 91-day bill stoo...

  One of the defeated contestants for the New Patriotic Party’s Ashanti Regional Chairmanship position has disclosed that he paid ¢1,000 to each delegate on the election day in his quest to win. Robert Asare Bediako said despite paying the delegates, they still did not vote for him. The defeated aspirant insists he would have won the election if not for the monetisation of the exercise. However, he said his close contenders paid higher monies to win. “Whiles I was paying each delegate ¢1,000, I thought I would win but some paid more than me so the delegates also gave in to the highest bidder and it’s very worrying the trend of monetization in our body politics,” Mr Asare Bediako, made this known in an interview on Akoma FM on Monday, May 30. Again, he is worried about the increasing trend of monetization in the political spheres during elections. Asare Bediako thus appealed to the National Executives to have a second look at the electoral college system, which he insists allows for...

The General Legal Council, GLC, has decided to admit the 499 law students who were denied entry into the Ghana School of Law, according to their lawyer. This was revealed after a crunch meeting between leaders of the aggrieved 499 law students, the Attorney General, and representatives from the General Legal Council on Wednesday, November 17, 2021. The 499 law students were failed in the law entrance exams after a new quota system was initiated by the General Legal Council. After protests from the students including a lawsuit, the Attorney General recommended that the GLC admits the students. Speaking to the media, lawyer for the aggrieved students, Martin Kpebu, said the students are however yet to be informed when their admission will take effect. Mr. Kpebu said the admission will be “subject to some modalities as to when these students will commence the course.” “The subcommittee of the GLC that we met this evening will go back and report on the contents of these deliberations we ha...

The Ministry of Roads and Highways has directed the immediate discontinuation of the collection of tolls on all public roads and bridges across the country. This order according to a statement signed by the sector Minister, Kwasi Amoako-Attah is to take effect from Thursday, November 18, 2021, at 12:00am. It follows the announcement by the Finance Ministry of the scrapping of tolls on all public roads. “The Ministry of Roads and Highways hereby directs the cessation of the collection of road and bridge tolls at all locations nationwide.” Police personnel from the Motor Traffic and Transport Department (MTTD) are to be stationed at various toll booths to provide security. In the meantime, the statement has urged motorists to obey the instructions of the security agents. “The motoring public will be advised of further measures in due course”, the release further said. The government has announced the abolishment of tolls on all public roads in the country. This was announced in the 2022 ...