BUSINESS

SEC drafts new guidelines to check misappropriation of investments

  The Securities and Exchange Commission (SEC), has begun drafting a new guideline on third party and related transactions that will prevent misapplication and misappropriation of investment funds by fund management firms. The collapse of some management firms was attributed to a third party and related transactions. The deputy director …

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School children without classrooms left stranded

The projects were completed almost a year ago, but the pupils and students are yet to benefit from them, as they have been denied access to the classrooms. The situation is being blamed on the inability of officials to take over the school blocks from the contractor due to the …

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It’s absurd to get PhD in four months – Ransford Gyampo

Prof Ransford Edward Yaw Gyampo, a Political Science Lecturer at the University of Ghana has said it is an absurdity for any individual to acquire a Doctor of Philosophy (PhD), Master and a Bachelor’s Degree in four months. He said anybody who will make such an assumption is making such …

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FIFA bans Chad from football activities for life – DETAILS

Global football governing body, FIFA has banned Chad from football until further notice. The decision was taken by the Bureau of the Fifa Council on Wednesday and takes effect immediately. Note that in December 2020, Fifa had rejected a request from the country’s ministry of sports to dissolve the Chadian Football Federation. …

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Bawumia launches NPA’s Digital Retail Outlet Fuel Monitoring System

The Vice-President, Dr. Mahamudu Bawumia has launched an innovative Digital Retail Fuel Monitoring System by the National Petroleum Authority (NPA) in Accra. The Fuel Monitoring System, which allows fuel in OMC tanks across the country to be monitored by NPA, will curb illicit activities in petroleum downstreaming, such as unauthorised third party …

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Koforidua: Class 4 pupil from School crashed to death

A 10-year-old class four (4) pupil Osei Owusu Kuffuor has been knocked down to death by a vehicle at Koforidua -Oyoko in the Eastern Region while returning home from school. The incident occurred at about 2:00pm Tuesday, April 6, 2021. Information gathered indicate that the victim was knocked down by …

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GES apologises over SHS 3 reopening postponement

The Ghana Education Service (GES) has apologised to all stakeholders for the late communication of the postponement of reopening of senior high schools for final year students. The Service announced its decision to postpone reopening on Tuesday, April 6, same day the Form 3 students were supposed to report school. …

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GSE is Africa’s best stock market in 2021 Q1

  The first quarter (Q1) of 2021 saw the Ghana Stock Exchange top the African stock market with an annual return of 14.62% in dollar term for investors. The performance of the market translated into an improved market capitalization of GH¢57.16 billion at the end of March this year. The …

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FDA warns against consumption of washed-ashore fishes

 LISTEN   6 HOURS AGO   1 The Food and Drugs Authority (FDA) has warned the public against consuming any unwholesome following reports that the fish washed ashore at the Osu Castle beach may have been sent to various markets. According to the Authority, it has also begun laboratory investigations to ascertain whether such …

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Accra Sewerages Systems to expand its operations

The Accra Sewerages Systems Ghana Ltd is set to expand and upgrade its liquid waste treatment plant and technologies to treat more liquid waste within Accra and its environs. The expansion project which is going to be undertaken by EMO, an environmental technology company based in France will help increase …

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Cedi rated best currency in Africa for 2021 Q1

Ghana’s local currency has ended the first quarter of 2021 on a high note with a year-to-date appreciation of 0.6 percent to the US dollar. This means the Ghanaian cedi has outperformed some other prevalent 15 currencies in Africa making it the best performing currency. These include the Egyptian pound, …

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How weak accountability system costing Ghana billions

Co-founder of the Center for Democratic Development, Professor Baffour Agyeman-Duah has indicated that Ghana’s history of poor accountability and incessant borrowing is responsible for its current and future economic woes. Recounting what he called a “very progressive movement” in debt accumulation, Prof Agyeman-Duah, traced a steady increase in Ghana’s national …

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VIDEO: Ghana’s economy will bounce back – Akufo-Addo reassures

  President Nana Addo Dankwa Akufo-Addo has reassured Ghanaians the economy will bounce back despite the ravaging effects of the coronavirus pandemic. According to him, government is determined to outline a series of measures to revive and revitalise the economy. ”I know that, as a result of the pandemic and its impact …

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Man murdered, body dumped in Juaboso stream

 murdered A man, believed to be in his forties, has been allegedly murdered and his body dumped into a stream in the Juaboso township. The known car decorator was discovered naked while laying in the Benzi-Mata stream. According to witnesses, the victim is likely to have been murdered as he …

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GRIDCo fails to collect GH¢234m from customers – A-G’s report

GRIDCo sub station Contrary to Section 91(1) of the new Public Financial Management Act (PFMA) 2016, and Clause 16.1 of the Ghana Grid Company Limited (GRIDCo) transmission agreement with customers, the management of the state transmitter “did not collect from 10 customers a total of GH¢234,338,331, which has been outstanding …

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TOR rejects Woodfield’s allegations of fuel shortfall

The Tema Oil Refinery (TOR) on Thursday rejected allegations from one of its clients; Woodfields Energy Resources Limited of a shortfall on its product volumes being held in the Refinery’s tanks. This was contained in a statement signed by the Corporate and Public Affairs Manager of TOR and copied to …

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