CUD Wontumi

351 Posts
Banks’ Average Lending Rate Hovered Around 30% During The Second Half Of 2024
27 Jan

Banks’ Average Lending Rate Hovered Around 30% During The Second Half Of 2024

CUD Wontumi0 CommentsBusiness,
Banks’ average lending rates hovered around the 30% bracket during the second half of the year, after declining from 32% at the beginning of the year. According to data from the Bank of Ghana, the average lending rate stood at 30.25% in December 2024, after recording 30.07% and 30.45% in October 2024 and November 2024, respectively. The average lending rate began in January 2024 at 32.94% and took a nosedive in February 2024 and March 2024, respectively. It stood at 32.77% in February 2024 and further dropped to 32.35% in March 2024. It again eased in April 2024 to 31.25%.…
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IEA Calls For Budget To Address Huge Legacy Debt And Restore Financial Sustainability
27 Jan

IEA Calls For Budget To Address Huge Legacy Debt And Restore Financial Sustainability

CUD Wontumi0 CommentsBusiness
The Institute of Economic Affairs (IEA) is calling for a budget that specifies a comprehensive plan to address the huge legacy debt in the energy sector while returning the sector to financial sustainability. In its bi-monthly Economic Outlook, the economic think tank stated that the budget should also include measures to ensure stable and less costly power to enhance the competitiveness of the economy. Additionally, the IEA emphasized the need for a budget that acknowledges the lack of fiscal space to support economic development due to limited government revenue. “While taking steps to increase tax revenue, it is also important to…
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Nkwanta Conflict: 64 Arrested In Coordinated Dawn Swoop At Dadiase
27 Jan

Nkwanta Conflict: 64 Arrested In Coordinated Dawn Swoop At Dadiase

CUD Wontumi0 CommentsNews
In a series of coordinated dawn operations in Dadiase, law enforcement officials have arrested 64 individuals in connection with the renewed Nkwanta South clashes that claimed over six lives and destroyed properties. The latest crackdown is part of a broader effort to restore peace and order in Nkwanta, which has been marred by violence and unrest. The operations, which began on Monday morning, are in response to escalating tensions that have plagued Nkwanta and its surrounding communities. So far, approximately 115 individuals have been apprehended since the recent gun attacks began. Among those arrested, 51 have been granted bail, while…
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Fan Milk Apologises For Accident On Achimota-Tesano Overhead
27 Jan

Fan Milk Apologises For Accident On Achimota-Tesano Overhead

CUD Wontumi0 CommentsNews,
Fan Milk PLC has apologized to motorists and the public for the inconvenience caused by an accident involving one of its third-party logistics partners, Adwenpa Transport Services. The incident occurred on the Achimota-Tesano overhead bridge on Saturday evening. Though no casualties were recorded, the accident led to traffic congestion. In a statement, Fan Milk assured the public of effective collaboration with authorities to investigate the incident and expedite the removal of the truck. “Adwenpa is collaborating with the authorities to review this unfortunate incident. We apologize for any inconvenience this may have caused road users, the community, and motorists using…
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ECG Denies Responsibility For Fire At Koforidua Residential Facility
27 Jan

ECG Denies Responsibility For Fire At Koforidua Residential Facility

CUD Wontumi0 CommentsNews,
The Electricity Company of Ghana Limited (ECG) has refuted allegations that its staff caused a fire at a residential property in Two-Streams, a suburb of Koforidua, following a disconnection exercise. In a statement signed by the General Manager of External Communications, Charles Nii Ayiku, ECG described the claims as baseless and urged the public to disregard them. The company clarified that the incident involved a customer who owed GH¢6,519.38 since September 2024. As part of ECG’s ongoing revenue mobilization campaign, “Operation Keep the Lights On,” staff visited the customer’s premises on January 24, 2025, where they discovered an illegal self-reconnection…
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US freezes Nearly All Foreign Aid, Sparking Global Concern
27 Jan

US freezes Nearly All Foreign Aid, Sparking Global Concern

CUD Wontumi0 CommentsNews,
The US State Department has frozen nearly all foreign assistance worldwide, effective immediately, days after President Donald Trump issued a sweeping executive order Monday to put a hold on such aid for 90 days. Secretary of State Marco Rubio sent a cable, seen by CNN, to all US diplomatic posts on Friday outlining the move, which threatens billions of dollars of funding from the State Department and the US Agency for International Development (USAID) for programs worldwide. Foreign assistance has been the target of ire from Republicans in Congress and Trump administration officials, but the funding accounts for very little of the…
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Security Prevents Alleged NDC Thugs From Attacking GRA Headquarters
27 Jan

Security Prevents Alleged NDC Thugs From Attacking GRA Headquarters

CUD Wontumi0 CommentsNews,
Security personnel at the Ghana Revenue Authority (GRA) Headquarters in Accra have prevented an alleged group of National Democratic Congress (NDC) supporters from causing chaos over the appointment of Anthony K. Sarpong as Acting Commissioner-General. The aggrieved group, reportedly unhappy with Mr. Sarpong’s appointment, argued that he was not part of the NDC’s struggles during its time in opposition and should not be allowed to hold such a significant position under the current administration. The group also alleged that Mr. Sarpong has affiliations with the opposition New Patriotic Party (NPP), further fueling their dissatisfaction. Following a heated confrontation with security…
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Amorim Says He’d Rather Pick 63-Year-Old Coach Over Rashford
27 Jan

Amorim Says He’d Rather Pick 63-Year-Old Coach Over Rashford

CUD Wontumi0 CommentsSports
Manchester United boss Ruben Amorim has suggested he’d rather give a place on the bench to his 63-year-old goalkeeping coach instead of Marcus Rashford because of a perceived lack of effort. The England forward has not been involved in a matchday squad for United for six weeks and he was left out once again for Sunday’s 1-0 win at Fulham in the Premier League. With the transfer window closing on 3 February, it is unclear what the future holds for Rashford, who Amorim criticised for not showing the attitude of someone “giving the maximum every day”. “It’s always the same reason –…
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Ghana Premier League Is A Mess – Sulley Muntari
27 Jan

Ghana Premier League Is A Mess – Sulley Muntari

CUD Wontumi0 CommentsSports
Former Black Stars midfielder Sulley Muntari has strongly criticized the Ghana Premier League, describing it as disorganized and lacking a future. Muntari, who briefly returned to the domestic league during the 2021/22 season, previously played for Liberty Professionals before embarking on a successful career in Europe. During his time with Accra Hearts of Oak, he helped the team win the President’s Cup and the MTN FA Cup but chose not to renew his contract. In an interview with 3Sports, the 40-year-old former Inter Milan and AC Milan star lamented the state of Ghana’s top-tier league. “Hearts fans and the president…
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2025 AFCON: Teams To Discover Opponents Today At Final Draw
27 Jan

2025 AFCON: Teams To Discover Opponents Today At Final Draw

CUD Wontumi0 CommentsSports
The stage is set at the Mohammed V National Theatre in Rabat, Morocco, where 24 African football nations will learn their group stage opponents in the highly-anticipated Final Draw for the TotalEnergies CAF Africa Cup of Nations (AFCON) Morocco 2025 on Monday. The event, set for 19h00 local time (18h00 GMT), will reveal the group stage opponents for 24 teams competing for African football’s most coveted trophy. The draw is more than just a formal procedure—it marks the symbolic beginning of Africa’s premier football competition, which will run from 21 December 2025 to 18 January 2026. With the mood across…
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