Author: SAMUEL

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has recounted that the Mahama administration inherited an economy that was facing severe challenges. He said inflation was high, the exchange rate was wide, and the economy had been downgraded by the rating agencies. But within 8 months into office, he said, they have turned the corner. Speaking in an exclusive interview on the sidelines of the International Monetary Fund (IMF)/World Bank spring meetings in Washington, Dr Asiama said, “It has been 8 months since we came into office, and we came to meet a challenged economy. Remember, we had…

JOHANNESBURG, Oct 16 (Reuters) – Ghana’s central bank has rebuilt its foreign reserves to the equivalent of four and a half months of import cover after they were nearly depleted during a 2022 economic crisis, Governor Johnson Asiama said on Thursday, crediting a new state-run gold trading body with helping plug foreign-exchange leaks. The GoldBod, set up in March, has brought in about $8 billion by centralizing the purchase and export of gold, ensuring foreign currency earnings return to Ghana, Asiama said at an event during the International Monetary Fund and World Bank annual meetings in Washington. “It’s like a…

The Kumasi High Court has warned the head of the late Daddy Lumba’s family, Mr. Kofi Owusu, and his associates, cautioning them against attempting to move the musician’s body from the Transition Funeral Home in Haatso while a lawsuit over funeral and widowhood rights is still ongoing. In a statement released on October 16, 2025, the family of the late highlife legend, led by his widow Mrs. Akosua Serwah Fosuh and his elder sister Ms. Ernestina Fosuh, reaffirmed their trust in the court process and urged all parties to respect the law. “No person or group including Mr. Kofi Owusu…

The Minority Caucus of Parliament, led by Hon. Alexander Afenyo-Markin, has held its second Strategic Pre-Opening Workshop ahead of the Third Meeting of the First Session of the 9th Parliament. According to a statement shared by the Minority Leader on social media, the workshop was designed to prepare members of the caucus for the upcoming parliamentary meeting by reviewing key legislative priorities and strengthening internal coordination. “The workshop provided an opportunity for the Caucus to deliberate on key national issues and parliamentary business, review legislative priorities and strengthen coordination,” Afenyo-Markin noted. The session forms part of ongoing efforts by the…

Ghanaian singer Wendy Shay has finally cleared the air about her relationship with Rufftown Records, the label that introduced her to mainstream fame. Speaking on Daybreak Hitz with Doreen Avio and Kwame Dadzie monitored by Lovinghananews.com, Wendy revealed that although her working relationship with Rufftown has evolved, she remains under the label’s umbrella. “I still work with Rufftown Records,” she clarified. “Everything is going on normally like a label would do for an artist. It’s just that it’s more of a partnership now.” When asked how the new structure works, she explained that the transition was a natural progression, not…

Award-winning Ghanaian singer Wendy Shay has opened up about her international success, attributing her global recognition to a balance between hard work, strategy, and faith in God. The award winning artiste reflected on how her songs have reached over 50 countries, topping charts across Africa and the Caribbean, including Togo, Benin, Sierra Leone, and Haiti. “There’s a bigger hand that is doing all that,” she said on Hitz FM monitored by Lovinghananews.com. “Music is wind, it moves freely, but you have to leave space for God. Even though you must be intentional with your craft, it’s God who breathes life…

Wendy Shay has addressed critics who often misrepresent her actions and statements online, insisting that she focuses on the positive energy around her career. Shay said she doesn’t allow negative commentary to distract her from her purpose in an interview with Doreen Avio and Kwame Dadzie on Hitz FM. “I do see the positivity and love out there,” she said. “I’m not going to pretend that I don’t see both negative and positive comments, but I choose what I focus on.” Wendy also reflected on a past incident where a school performance of hers was twisted into a negative story,…

Dr. Palgrave Boakye-Danquah has called for unity and collective responsibility in addressing Ghana’s current challenges, even as he voiced disappointment over the government’s handling of key national issues. Dr. Boakye-Danquah clarified that his criticism of President John Dramani Mahama’s administration is not rooted in political rivalry but in patriotism and a shared desire for national progress. “I didn’t vote for him, of course, but I’m a Ghanaian. I pay taxes. I live here. I contribute to this country’s growth. So I want the President to succeed because when he succeeds, Ghana succeeds,” he said on Joy Prime as monitored by…

Dr. Palgrave Boakye-Danquah has questioned the feasibility of President John Dramani Mahama’s 24-hour economy policy, describing it as an ill-conceived political slogan lacking strategy and funding. He made the remarks following a revelation by GIHOC Distilleries Company Limited that it had to suspend its 24-hour operations due to low demand and competition from foreign alcohol brands. “If even GIHOC cannot sustain a 24-hour shift because there is no demand, how can we run a national 24-hour economy?” he quizzed on Joy Prime monitored by Lovinghananews.com. Boakye-Danquah noted that government would need at least $4 billion to operationalize the initiative, a…

            Minister of Education, Haruna Iddrisu Experts in education are gearing up for a major conference focused on transforming the educational landscape across Africa. The event, to be organized under the banner of the Association for the Development of Education in Africa (ADEA), will bring together thought leaders and policymakers to discuss key themes including education financing, foundational learning, and the role of Artificial Intelligence (AI) in improving education outcomes on the continent. Ghana’s Minister of Education, Haruna Iddrisu, confirmed the upcoming event during a courtesy visit by the Executive Director of ADEA, Albert Nsengiyumva,…