Category: News

Fitch Solutions Warns of Vulnerabilities in Ghana’s Banking Sector Amid High NPLs and Low CAR

Ghana’s banking industry is facing significant challenges, marked by a concerning non-performing loan (NPL) ratio of 21.8% and a Capital Adequacy Ratio (CAR) of 14.0%, according to Fitch Solutions. The report attributes these vulnerabilities to the domestic debt exchange programme (DDEP) and elevated interest rates. In a recent analysis titled “US Tariffs Increase Risks for...
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Minority Leader Slams Chief Justice Suspension as Threat to Judicial Independence

Minority Leader Alexander Afenyo-Markin has vehemently denounced President John Mahama’s suspension of Chief Justice Gertrude Torkonoo, labeling the action as “a negative reset” that jeopardizes the autonomy of the judiciary. During a protest on Monday, May 5, organized by the New Patriotic Party (NPP) alongside other supportive groups in response to President Mahama’s decision, Afenyo-Markin...
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Ghana’s Inability to Sign New Petroleum Agreements Continues for Fifth Year — PIAC Report

Ghana has once again failed to finalize any new petroleum agreements in 2024, marking the fifth consecutive year of stagnation in attracting new upstream investments, as detailed in the 2024 annual report by the Public Interest and Accountability Committee (PIAC). Despite the Ministry of Energy’s ongoing initiatives to attract investors, the country has not secured...
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U.S. Army Conducts Training for Ghana Armed Forces on Puma M36 Armoured Vehicle

A contingent of 40 personnel from the Ghana Army’s 15 Armoured Brigade and the Electrical and Mechanical Engineering Corps has successfully completed a comprehensive four-week training program focused on the operation and maintenance of the newly acquired Puma M36 Mine Resistant Ambush Protected (MRAP) Armoured Personnel Carriers. The rigorous training, which concluded on Friday, May...
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