BUSINESS

GCB Bank Shuts Down Kantamanto Branch After Saturday Fire

Following a fire outbreak on Saturday November 28, 2020, the GCB Bank Limited has announced shut down of its Kantamanto branch, in the Liberty House Building complex, Accra Central. According to the management, “For safety precautions, the Bank has accordingly closed down the Liberty Branch to allow for thorough assessment. …

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Clubs to observe a minute silence to honour Maradona

Premier League clubs are being directed to observe a minute of silence to honour football legend Diego Armando Maradona who passed on Wednesday, November 25, 2020. This is a directive from world football governing body, FIFA. Diego Maradona, who has died aged 60, succumbed to heart failure. Regarded as one …

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Adeiso SHS student who had 8As given scholarship to study abroad

A Free SHS Graduate who scored 8As in this year’s West African Senior Secondary School Certificate Examination, Thomas Amoaning has been given a scholarship by the Government of Ghana to study in a university in the United Kingdom. A statement from the Scholarship Secretariat said based on recommendations from the …

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Lecturer clashes with Bawumia over QR Code claim

Dr. Kobby Mensah, a lecturer at the University of Ghana Business School (UGBS), has contested assertions by Vice President Dr Mahamudu Bawumia that Ghana is the first country in Africa to adopt the Universal QR CODE payment system. At the launch of the new payment system on November 20, 2020, …

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Akufo-Addo’s 1D1F has created 19,000 direct jobs – Bawumia

The governing New Patriotic Party (NPP) has been touting its achievements in four years at a forum held in Accra. Addressing the public during the Nation Building Updates held at the Cedi Conference Centre of the Department of Economics, University of Ghana, on Thursday, Vice President Dr Mahamudu Bawumia said …

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Japan Motors to assemble Nissan vehicles in Ghana from 2021

Japan Motors Trading Company Ltd. (JMTC) is to begin assembling Nissan vehicles in Ghana by the first half of 2021. This is a result of an assembling agreement between Nissan and Japan Motors, which was announced at a ceremony in Accra in line with Ghana’s automotive development agenda. According to …

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Tema Port ranked the largest port in West, Central Africa

The President of Ports Management Association of West and Central Africa (PMAWCA) and the Director-General of Ghana’s Ports and Harbours Authority, Michael Luguje has revealed that with the completion of phase 1 of the MPS Terminal 3, the Tema Port is currently the biggest in terms of capacity of all …

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Caf president Ahmad challenges ‘shocking’ five-year football ban

President of the Confederation of African Football (Caf) has appealed his five-year ban from football-related activities at the Court of Arbitration for Sport (Cas). Fifa’s adjudicatory chamber of the Independent Ethics Committee found him guilty of abuse of office, misappropriation of funds and, offering gifts and other benefits as Caf …

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Komenda Sugar Factory takes center stage in KEEA parliamentary debate

The Komenda Sugar factory took a centre stage at a parliamentary debate organised for aspiring Paramilitary Candidates (PC) to share their vision to the constituents of the Komenda-Edina-Eguafo-Abrem (KEEA) constituency. The aspirants expressed their disappointment about the malfunctioning of the sugar factory since its commissioning in 2016, which would have …

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Pele mourns passing of fellow great Maradona

Brazil legend Pele has offered his condolences after the death of Diego Maradona. Argentina legend Maradona suffered a heart attack on Wednesday and died at the age of 60. Pele and Maradona are regarded as two of the greatest players of all time and were declared joint-winners of the FIFA Player …

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KNUST: Former Continental Hall President Doe Selasie is dead

The current residents and former residents of Unity Hall (Continental Hall) at the Kwame Nkrumah University of Science and Technology (KNUST) are mourning the passing of one of their very own, Doe Selasie.   The hall’s Twitter handle announced that their immediate past Hall President, Doe Selasie, has passed away. …

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Appeals Court orders reinstatement of dismissed UEW lecturer

The Court of Appeal in Cape Coast has quashed the decision by the University of Education, Winneba that led to the dismissal of Dr Samuel Ofori Bekoe, a former lecturer of the University. The court avers that the University erred when it “hastily” dismissed Dr Bekoe who was at the …

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4 health benefits of walking barefoot

The importance of walking barefoot, sometimes, cannot be overemphasized, because making an effort to spend more time barefoot in nature can provide the human body with some amazing benefit. As a matter of fact, studies have shown that walking with your feet, directly touching the soil, allows your body to …

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Salah available to face Atlanta after negative Covid-19 test

Liverpool forward Mohamed Salah is back in training and could face Atalanta in the Champions League on Wednesday. The 28-year-old missed Sunday’s 3-0 win over Leicester after testing positive for coronavirus while on international duty with Egypt. But he has since tested negative and took part in training on Monday. …

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BoG maintains policy rate at 14.5%

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 14.5 percent. Governor of the Bank of Ghana Dr Ernest Addison said at the MPC press conference in Accra on Monday, November 23 that “The Committee noted that inflation has eased following the spike to 11.4 percent. At 10.1 …

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Rawlings’ family welcomes decision to name UDS after him

The family of the late former President Jerry John Rawlings has welcomed any decision to name the University for Development Studies (UDS) after him. According to the family, it has never been against such a ‘forward-looking’ decision, thus, it welcomed the naming of the institution after him. “We have quickly …

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NDC Ejura accident: Five transferred to Komfo Anokye Teaching Hospital

Five of the victims of Saturday’s road accident involving National Democratic Congress’ (NDC) supporters at Ejura in the Ashanti region have been transferred to the Komfo Anokye Teaching Hospital. Authorities at the Ejura Government Hospital say the five, with head injuries, were part of 54 people who sustained various degrees …

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Coronavirus: Ghana’s active cases drop

Ghana’s active Coronavirus (COVID-19) cases have seen a slight decline in the last week. As of Friday, November 13, the number of active cases stood at 1,541, and 1,146 on Tuesday, November 18. Recent figures from the Ghana Health Service (GHS) indicate that as of November 19, the number of …

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Ghana records $1.7bn trade surplus in 10 months

The country recorded a strong trade surplus in the 10 months of this year. According to the Summary of Economic and Financial Data by the Bank of Ghana, the nation recorded $1.7 billion dollars trade surplus, about 2.6% of Gross Domestic Product in October 2020. The trade surplus is bigger …

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CAF president Ahmad Ahmad banned five years by FIFA

Confederation of African Football (CAF), President Ahmad Ahmad has been given a five-year ban by the world governing football body, FIFA after being found guilty of receiving gifts and misappropriation of funds. The adjudicatory chamber of the independent Ethics Committee has found Ahmad Ahmad, the President of the Confederation of …

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KNUST female professor named among top global scientists

Professor Marian Asantewah Nkansah of the Department of Chemistry, Kwame Nkrumah University of Science and Technology has been named among the top 10 scientists in Africa. She was also named among the top 60 scientists around the world in the 2020 Analytical Scientists Power List. The Analytical Scientists Power List …

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Ghana’s public debt exceeds sustainability threshold

As widely expected Ghana’s public debt has now passed the generally accepted sustainability threshold of 70 percent of Gross Domestic Product, the GHc273.8 billion in total debt by the end of September translating to 71.0 percent of GDP. This is up from GHc209.1 million a year previously by which time …

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