When Kylian Mbappe finally left Paris St-Germain last summer, many expected both parties to move swiftly on after one of football’s longest-running transfer sagas finally came to its conclusion. An ongoing legal dispute, though, has continued to sour relations between the forward and his hometown club for the best part of a year. Specifically, the Real Madrid striker is claiming 55m euros (£46.3m) in unpaid wages from the Ligue 1 champions. This sum, plus tax obligations, was frozen from the club’s accounts by a Paris court following a request by Mbappe’s legal team last month. Central to the contention is…
Author: qwezink
The Ministry of Energy and Green Transition has disclosed that it urgently requires GH₵1.1 billion to purchase liquid fuel for power generation, warning that existing fuel reserves are expected to run out in just 2.6 days. The funding shortfall comes against the backdrop of a GH₵2 billion monthly deficit in the energy sector, a situation largely blamed on the Electricity Company of Ghana’s (ECG) inability to collect sufficient revenue. Addressing the Parliamentary Energy Committee during a meeting with various stakeholders on Thursday, May 15, Minister John Jinapor raised alarm over the precarious state of the sector’s fuel supply. “The fuel…
The concept of credit scoring has evolved significantly from its inception in the 1950s by Bill Fair and Earl Isaac (creators of the FICO score system, discussed much later in this article) to today’s advanced algorithms incorporating alternative data. A credit score is a three-digit number that rates your creditworthiness — essentially, it answers the question: how consistently do you repay your debts? Even in non-formal settings, individuals who lend to family and friends are typically interested in the borrower’s borrowing history. If you ever avoided further lending to a frequent borrower, then that person must have rated poorly in…
Paramilitary fighters appear to have opened a new phase in Sudan’s civil war after being driven from the capital, in a move which some experts have described as a “shock and awe campaign”. Just weeks after the army celebrated the recapture of Khartoum, its foe the Rapid Support Forces (RSF) launched a series of unprecedented drone strikes on Port Sudan in the east of the country. The attacks have led to worsening power blackouts, as well as city residents facing water shortages. “It’s a level of power projection within this region that we haven’t seen yet,” says Alan Boswell, the…
The Minister of Energy and Green Transition, John Jinapor, has announced that all Ministries, Departments, and Agencies (MDAs) will now be required to make budgetary allocations for their power consumption. Speaking during a meeting between the Energy Committee and various power sector agencies on Thursday, May 15, Jinapor emphasised the need for MDAs to take responsibility for their electricity bills, explaining that critical institutions have been identified with some exemptions applied. “All MDAs are supposed to pay for their electricity bills. They have to budget for it. These include the health sector, education, security agencies, and the presidency. Even with…
The five-member committee established by President John Dramani Mahama to investigate petitions against the suspended Chief Justice, Gertrude Torkonoo, is set to commence its hearings today, Thursday, May 15, 2025. The committee, chaired by Supreme Court Justice Gabriel Scott Pwamang, was constituted in accordance with Article 146(6) of the 1992 Constitution, following the President’s consultation with the Council of State. This development comes after a prima facie case was established against the Chief Justice. Meanwhile, the Member of Parliament for Effia, Isaac Boamah-Nyarko, has questioned the rationale behind suspending the Chief Justice nearly three weeks before the committee began its…
The Bank of Ghana (BoG) has clarified that there is no ban on over-the-counter (OTC) cash withdrawals in foreign currency from bank accounts, amid public speculation and political commentary about a possible clampdown on dollar access in the country. In an official notice issued on Thursday, May 15, the Central Bank reaffirmed that withdrawals in foreign currency remain permissible under Ghana’s existing foreign exchange regulations. “Over-the-counter (OTC) cash withdrawals in foreign currency from Foreign Exchange Accounts (FEA) and Foreign Currency Accounts (FCA) are allowed,” the Bank of Ghana stated. The clarification comes in response to recent public debates sparked by…
The five-member committee established by President John Dramani Mahama to investigate three petitions filed against Chief Justice Gertrude Torkornoo will begin its hearings on Thursday, May 15, 2025. The committee, chaired by Supreme Court Justice Gabriel Scott Pwamang, was formed in accordance with Article 146(6) of the 1992 Constitution after a prima facie case was determined. The President constituted the committee in consultation with the Council of State. According to a statement issued by Presidential Spokesperson and Minister for Government Communications, Felix Kwakye Ofosu, the committee is scheduled to sit three times a week and will submit its findings and…
A new tax proposal in the United States could have far-reaching implications for Ghanaian households and the country’s economy. The U.S. Republican-led House Ways and Means Committee unveiled a sweeping tax plan, self-described as “the one, big, beautiful bill,” which includes a controversial provision: a 5% tax on remittance payments. If passed, the law would place a 5% levy on money sent from the U.S. to individuals abroad — a move that would disproportionately affect immigrants, including Ghanaians living in the U.S. However, the bill makes exceptions for most remittance transfers made by U.S. citizens. Remittances have long served as…
President John Dramani Mahama has announced that no further disciplinary action will be taken against the acting CEO of the Ghana Gold Board, Sammy Gyamfi, following a controversial video that showed him handing an undisclosed amount of U.S. dollars to evangelist Patricia Asiedua Asiamah, popularly known as Nana Agradaa. The video, which quickly went viral, triggered widespread public criticism and raised concerns about a possible breach of Ghana’s Foreign Exchange Act and the Code of Conduct for public appointees. Civil society groups and members of the minority caucus called for Gyamfi’s dismissal, arguing that his conduct undermined public trust and…