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Auditor-General discovers $ 3.4b unpaid penalties relating to Petroleum Holding Fund

The Auditor-General, Mr. Daniel Yaw Domelevo, has discovered $ 3.4b in unpaid penalties relating to the Petroleum Holding Fund. The latest report on the management of petroleum funds for the year ending December 2017, found that a total amount of US$220m was outstanding. Of the total amount, US$219 million represents …

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Bauxite mining: We won’t repeat Obuasi situation at Nyinahin – Bawumia

Ghana has learnt a lot of lessons in mining which will help the country to forestall the “Obuasi situation” in Nyinahin where bauxite would be mined, Vice-President Dr Mahamudu Bawumia has said. “After almost 100 years of mining gold, we have learnt some hard lessons”, Dr Bawumia said at a …

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Ghana’s total debt stock hits GHC208.6bn

Ghana’s total debt stock has hit GHS208.6 billion, according to new data from the Bank of Ghana. The stock rose by GHS3.1 billion between July and September. Per the central bank’s Summary of Economic and Financial Data, the current debt stock represents 60.3 per cent of Ghana’s GDP. A total …

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Palm oil producer accused of abuses

Human rights investigators have accused one of the Democratic Republic of the Congo’s largest private companies of serious abuses. Human Rights Watch (HRW) says the palm oil producer, Feronia, has contaminated drinking water sources, exposed some workers to pesticides and underpaid its staff. The company, which has received investment from …

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Kenya’s Michael Olunga scores eight goals in Japanese match

Kenya striker Michael Olunga scored eight goals as his Japanese second tier team Kashiwa Reysol thrashed Kyoto Sanga 13-1 on the final day of the season. The 25-year-old completed his hat-trick before half-time and added another five after the break with his final goal coming in injury time at the …

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Meet the 3 little Black geniuses have the highest IQs ever in the world

The world has seen a few true geniuses over the course of time. Some of the most well-known brains are, of course, Isaac newton, Albert Einstein and Stephen Hawking. Could a third emerge from today’s young generation of thinkers? Clearly, a good memory is important for children to learn and …

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VIDEO: Why Nadia Buari wept at Dumelo’s wedding

A video showing how Nadia Buari wept at John Dumelo’s wedding has popped up. She was happy for the couple, especially, Gifty, Dumelo’s wife. They have called themselves “Besties” on social media. The video was shared by Dumelo’s wife to celebrate Nadia on her birthday. Best described as tears of …

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GSE signs agreement with Singapore Cooperation to transform its operations

The Ghana Stock Exchange (GSE), in its aspirations to transform into an efficient, world class platform for investments and raising capital, has signed and exchanged a Memorandum of Understanding with the Singapore Cooperation Enterprise (SCE). SCE, an agency of the Ministry of Trade and Industry and the Ministry of Foreign …

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‘Year of Return’ stimulates Ghana’s economic growth

The ‘Year of Return’ celebrations have stimulated Ghana’s economic growth since its inception in January this year, according to Mr Akwasi Agyemang, Chief Executive Officer, Ghana Tourism Authority (GTA), He said the number of visitors to the country had positively impacted the private sector space including; airlines, hotels, tour operators, …

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Andy Dosty vs Mr. Haglah: Two Hitz FM presenters clash over award

After harbouring his reservations about how Andy Dosty, host of Hitz FM’s Daybreak Hitz has “constantly failed” to acknowledge his producers any time he wins an award for a very long time, Mr. Haglah, producer of the lifestyle and entertainment morning show on Monday, November 25, 2019 finally bared his …

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