BUSINESS

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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Contractors mount pressure on ECG to pay them

Some private contractors who rendered services to the Electricity Company of Ghana (ECG) are mounting pressure on the Company to pay debt owed them. The contractors accused the ECG of failing to pay them for services they genuinely executed dating back to the days of  Power Distribution Services (PDS) in …

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Another Ghanaian nurse goes missing

It’s every mother’s worst nightmare as Madam Angela Asare faces the fear of having lost her daughter, Vera Asamoah, a Ghanaian nurse stationed in the nation’s capital Accra. Angela, who is also a nurse at the Asesewa Government Hospital in the Eastern Region recounts how her daughter left her apartment …

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GRIDCo’s financial crisis cause of recent ‘dumsor’ – Jinapor

John Jinapor is a former deputy minister The Minority caucus in parliament is accusing the government of deceit over the recent power outages being experienced in the country. Frustrations are intensifying over Ghana’s energy sector following unending power outages recorded in different parts of the country. With several homes without …

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Man allegedly beats wife to death, deposits body in morgue

Police in Denu have arrested Mr Gali Golo, a 38-year old fisherman for allegedly beating his wife, Madam Beatrice Logosu, 34 to death. His arrest followed information the District Police Command got that the suspect beat his spouse to death on suspicion of infidelity and secretly sent the body to …

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Photo of Akufo-Addo as footballer pops up

An old photo of President Nana Akufo-Addo, which has popped up on his 77th birthday, confirms he is indeed a lover of football. The photo has revealed the First Gentleman was once a footballer in his school team in the 1960s. The photo captured young Akufo-Addo as the only black among …

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Ghana to issue its first ever zero coupon bonds

  In its latest attempt to use non-conventional means to ease its dire fiscal predicament, Ghana` is attempting to issue zero coupon bonds for the first time. This involves issuing bonds on which no interest will be paid until the bond mature – in Ghana’s proposal, after four years. It …

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PHOTOS: KNUST mourns students who lost their lives in accident

Three students of the Kwame Nkrumah University of Science and Technology (KNUST) have died after two separate accidents on Saturday, March 27, 2021. Confirming the incident, the University’s Public Relations Officer, Dr Daniel Norris Bekoe, said the first incident occurred when a car with five students run into a tree …

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Homeless Asante Kotoko run away from Accra Sports Stadium

  Kumasi Asante Kotoko have reportedly returned to the Ashanti region as they choose the Obuasi Lenclay Sports Stadium as their home ground for the second round campaign in the 2020/21 league season. It comes just few days to the commencement of the second round contest between the 18 clubs. The Reds …

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WAEC to use QR codes to curb examination malpractice

In its quest to curb examination malpractice, the West African Examination Council (WAEC) is set to embed a QR Code in each question paper of candidates during examinations. Speaking to Citi News on the sidelines of the 69th Annual Council meeting, the council said this technology and other interventions would make it practically …

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HOT VIDEO: Two students trade blows over lady

Two young men, believed to be students, have been spotted in a viral video trading blows over a lady. Though the identity of the parties is not immediately known, the lady in question is also said to be a student of the university the two students also attend. The two …

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We’re not joking here – Court warns Akuapem Poloo

The Circuit Court in Accra presided over by Her Honour Christiana Cann has issued a stern warning to lawyers of Actress Rosemond Brown over the manner they are going about the case. In court on Friday, when the case was called, the lawyer of the accused person wrote to the …

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Pollution shrinking human penises, warns scientist

Penises are shrinking and genitals becoming malformed because of pollution, an environmental scientist has warned in a new book detailing the challenges facing human reproduction. Dr Shanna Swan writes that humanity is facing an “existential crisis” in fertility rates as a result of phthalates, a chemical used when manufacturing plastics …

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FULL TEXT: Second Deputy Governor’s remarks at BoE/BoG regional event

His Excellency High Commissioner Walker, British High Commissioner to Ghana Colleagues from the Bank of England, Bank of Ghana, participating African Central Banks, and other regional institutions A very good morning and welcome! The Bank of Ghana is delighted to co-host this regional event in collaboration with the Bank of England. We …

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