BUSINESS

Greg Clarke resigns as FA chairman after remark about black players

Football Association chairman Greg Clarke has resigned over the “unacceptable” language he used when referring to black players. Clarke said he was “deeply saddened” for the offence he had caused by using the term “coloured footballers”. The comments came as he was talking about the racist abuse of players by …

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Majority defends US$100 million traffic management contract to Huawei

The Majority in Parliament has justified the US$100 million traffic management contract awarded to Huawei by government. Last year, President Akufo-Addo cut sod for the US$100million contract awarded by the ministry of Roads and Highways to Beijing Everyday Traffic and Lighting Technology Company. The minority in Parliament has cautioned government against the award of …

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Trading activity surges as Stock Market rebounds

Market Summary The benchmark index shed 23.48 points (-1.28%) to close the week at 1,813.79 with a -19.64% year-to-date return due to two banking stocks while the market capitalization decreased by 0.46% to settle at GH¢52.87 billion. Ecobank Ghana (-12.98%) and Societe Generale (-1.54%) dragged the GSE Financial Index down …

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Kofi Adomakoh appointed as MD for GCB

The Board of GCB Bank Limited has announced the appointment of John Kofi Adomakoh as the new Managing Director (MD) of the Bank effective November 9, 2020. Mr. Adomakoh, an astute banker, replaces Anselm Ray Sowah, who ended his tenure of office as the MD of GCB Bank in September …

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Coronavirus: Another lockdown possible if cases rise – GMA warns

The General Secretary of the Ghana Health Service, Dr Titus Bayuo, has described as not surprising the rise in COVID-19 cases in the country. Dr Bayuo states that government was warned by the association months ago that the lifting of restrictions and the non-compliance of Ghanaians in adhering to safety measures could …

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Kofi Amoabeng speaks, reveals what collapsed UT Bank

The Former Chief Executive Officer (CEO) of defunct UT Bank, Mr Prince Kofi Amoabeng, says the high level of non-performing loans contributed significantly towards the bank’s collapse. He added that acts of thievery by some staff also played a role in the bank’s liquidation. Mr Amoabeng in a media interview …

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Parliament gives legal backing to Bui Power Authority

Parliament has passed into law the Bui Power Authority (Amendment), Bill 2020 for the purpose of amending the Bui Power Auditory Act, 2007 (Act 740) and empower the Bui Power Authority to develop renewable energy and other clean energy alternatives in the country. The Bill was laid in the House …

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Samuel Eto’o Involved In Road Accident

Former Barcelona and Inter Milan striker Samuel Eto’o is in stable condition after he was involved in a road accident around Nkongsamba-Douala road in Cameroon. Eto’o was said to be returning from a wedding celebration when his car was hit by a public transport bus on Sunday morning. Although the car was badly damaged in …

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COCOBOD pushes for increase in coffee production

The Inter-African Coffee Organization (IACO) is seeking the observance of stakeholders in the coffee industry to actively involve themselves in coffee production and to create sustainable strategies for a thriving sector. This was announced during the launch of 60th edition of the IAOC general meeting which will be hosted by …

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Employ us, School of Social Work graduates beg government

Graduates of the School of Social Work have appealed to government to immediately recruit them to fill vacancies at the various district social welfare departments across the country to stabilize society. The over 400 trainees, some of whom completed their studies in 2010 and 2012 made the plea at a …

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ECG has received $130m for efficient power supply – Amewu

Government has given $130 million to the Electricity Company of Ghana (ECG) to help the power generating firm replace its obsolete equipment, to reduce power losses, and ensure sustainable power generation. Mr John Peter Amewu, the Minister of Energy, who made this known when he took his turn at the …

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You deceived us – Menzgold customers bare teeth at Mahama

Some aggrieved customers of defunct gold dealership firm, Menzgold are disappointed in former President John Mahama for saying he didn’t promise to pay back their lock-up funds. According to the customers, they had some hope when Mr Mahama promised to pay them but his latest comment on the matter has left them …

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Akufo-Addo commissions KNUST Obuasi campus

President Akufo-Addo on Wednesday, 4th November 2020, officially inaugurated the Obuasi Campus of the Kwame Nkrumah University (KNUST), at a brief ceremony in Obuasi. It will be recalled that the idea of starting the Obuasi Campus of KNUST came up on 22nd January 2019, when President Akufo-Addo launched the Obuasi …

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KNUST still most prestigious tertiary institution in Ghana

The Kwame Nkrumah University of Science and Technology has, for the second time in row, been adjudged the best and most prestigious tertiary institution in the country. This is according to rankings for 2021 released by the US News and World Report – an American media company that publishes news, …

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UT Bank collapse: I think of jail – Kofi Amoabeng confesses

Chief Executive Officer for defunct UT Bank, Kofi Amoabeng says he sometimes think about jail. Kofi Amoabeng’s UT Bank was part of the banks which were closed down due to their liquidity issues and the utter disregard for Corporate Governance. Speaking in an interview with Accra-based Mx-24 monitored by MyNewsGh.com he indicated …

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COVID-19 kills Nurse at Eastern Regional Hospital

A nurse at the Diabetes Mellitus Ward of the Eastern Regional Hospital, Koforidua, has died from Covid-19. The Nurse was on admission at the Covid-19 treatment center in the hospital and was said to be recovering however died Monday afternoon after her condition worsened. The death of the nurse has …

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Parliament passes Enterprise Agency Bill

Robert Ahomka-Lindsay, the Deputy Minister of Trade and Industry, on Tuesday described the passage of the Ghana Enterprises Agency (GEA) Bill, 2020 by Parliament as “momentous.” “We want to extend huge gratitude to both sides of the House for passing the Ghana Enterprises Agency Bill, 2020. It is a momentous …

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Ghanaian exporters face high import duties in Britain

Ghanaian exporters are in impending danger of being slapped with high import tariffs by Britain as the country is just weeks ago from a no-deal Brexit. While Ghana is part of a preferential trade terms deal involving the Economic Community of West African States (ECOWAS) and the European Union, Britain’s …

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VIDEO: Doctor breaks down in tears at the ward over this

A video fast circulating on social media has captured moments a young doctor broke down in tears uncontrollably in the ward. According to his unseen colleagues, whose voices could be heard in the background, his girlfriend, one Ewurama, broke up with him for reasons not known. This has left the …

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WAEC speaks on 2020 WASSCE results

The West African Examinations Council (WAEC) says it has not released the 2020 West Africa Senior School Certificate (WASSCE) results. In a statement Monday, Mrs Agnes Teye-Cudjoe, the Public Relations Officer of the Council “…cautioned candidates to be wary of websites announcing the release of the results and of persons …

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