BUSINESS

AngloGold to exit South Africa

AngloGold Ashanti is planning to exit its South African concessions as it plans to sell its South African assets on 21 February 2020. Its Chief Executive Officer Kelvin Dushnisky, in an interview at the 2020 Indaba Mining Conference, said it will provide an update on the sale of its South …

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Duffuor, Asiama, 7 others charged over uniBank collapse

A former Finance Minister and founder of uniBank, a former Deputy Governor of the Bank of Ghana and seven others have been charged by an Accra High Court for playing roles leading to the financial sector crisis. Dr. Kwabena Duffuor was charged by the state with 68 counts of Fraudulent …

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BoG declared as 2019 Central Bank of the Year

Ghana’s central bank, Bank of Ghana (BoG), has been named winner of the 2019 Central Banking Awards. The global awards scheme’s report stated that BoG demonstrated its strengths with the delivery of a major banking sector and the microfinance clean-up operation. It added that the BoG has had an impressive …

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Fire razes two dormitories at Boa-Amponsem SHS

Dunkwa-on-Offin (C/R), Feb. 4, GNA – Fire on Monday afternoon razed two male dormitories; Owusu Bore and Aggrey halls, at Boa-Amponsem Senior High School at Dunkwa-on-Offin in the Upper Denkyira East Municipality, displacing about 300 students. The inferno, causing extensive damage to property, took the intervention of the Municipal Fire …

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GES shuts down Buipe SHS after fire razed school

Nearly 300 students of Buipe Senior High School have been asked to go home after they lost all their personal belongings in a fire that burnt down their dormitory, Monday, February 3, 2020. Public Relations Officer (PRO) of the Ghana Education Service (GES) in the Northern Region, Kanzoni Donald, in a …

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GES shuts down Buipe SHS after fire razed school

Nearly 300 students of Buipe Senior High School have been asked to go home after they lost all their personal belongings in a fire that burnt down their dormitory, Monday, February 3, 2020. Public Relations Officer (PRO) of the Ghana Education Service (GES) in the Northern Region, Kanzoni Donald, in a …

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Ghana Education system defective – Catholic Priest

A Kumasi based Catholic Priest, Rev. Father Mary James Opoku Ware, has described the current educational system in Ghana as defective. According to the renowned Radio preacher, the new curriculum introduced by the Ghana Education Service (GES) will gradually take away the mutual respect between a teacher and a student. …

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Mahama Will Collapse Free SHS Policy- Napo Reiterates

The Minister of ’Education Minister, Dr.Matthew Opoku Prempeh aka ‘Napo’, has reiterated that the free Senior High School (SHS) policy will not survive under John Mahamah Presidency and his National Democratic Congress (NDC) government. Hon. Opoku Prempeh who also the MP for Manhyia South Constituency has therefore, admonished Ghanaians to …

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37 Hospital closes two units for fumigation exercise

The 37 Military Hospital has announced that it will from Friday, 7 February 2020, to Friday, 6 March 2020, close down two of its units for a fumigation exercise. The affected units are the Medical and Emergency Unit (MEU) and the Trauma, Surgical and Emergency Unit. A press statement signed …

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Buipe SHS girl’s dormitory destroyed by fire

Fire has gutted part of the Buipe Senior High School. The fire which swept through the girls’ dormitory, ClassFM 97.3 understands, have destroyed the personal belongings of the girls. The fire started Monday morning when the girls were preparing to go to class. The cause of the fire is not …

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Fuel prices go down marginally

Fuel prices are expected to go down marginally today, Saturday, 1 February 2020 between 2 and 4%, sources at the National Petroleum Authority have told Classfmonline.com This follows a significant reduction in the price of Brent Crude on the world market. At the same time, the local currency, cedi, has …

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Public debt hits GHS214.9bn

Ghana’s total public debt stock increased by GHS6.3 billion between September and November 2019 to reach GHS214.9 billion in November 2019. This is about US$39.0 billion but lower than the September debt of US$39.2 (GHS208.6 billion) because the cedi, since the beginning of the year, had increased in value to …

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Anaesthetists declare indefinite strike

Members of the Ghana Association of Certified Registered Anaesthetists have laid down their tools effective today, Friday, January 31, 2020. The decision to declare an indefinite strike, according to the group is to protest the refusal of the Medical and Dental Council to rescind its decision to change the group’s …

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Nigeria to announce reopening of its border on Friday

The Nigerian government is expected to announce the reopening of its border with Benin after months of closure. According to Citi FM’s report, the Nigerian government in a memo signed by the Comptroller of its Immigration Service, Victor David Dimka, said a decision will be announced on Friday 31st January …

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Cedi to fall 8.60 percent in 2020 – Report

The Ghana cedi is projected to decline in value to the US dollar by 8.60% ± 1.50% at the end of 2020. This will be lower than the 12.9% depreciation to the American currency in 2019. This means the cedi will hover around GHS6.05 ± GH¢0.10 by 31 December, 2020. …

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Ghanaian teachers to benefit from ‘world class’ Teacher Survey App

A ground-breaking innovation, certain to create a significant impact across the education landscape in Ghana, is about to be launched. Known as TeacherTapp Ghana, this teacher survey mobile app, is aimed at gathering information regarding the daily lives of teachers and education in general, through a series of programmed questions …

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ECG: Prepaid credit deductions’re service charges

The Electricity Company of Ghana has attributed the deductions effected on prepaid electricity to service charges. According to the power distribution company, all residential and non-residential electricity prepaid customers in the country are charged a monthly service charge depending on their consumption. The Public Relations Manager of the utility provider, …

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Stock Market pulls back to start week

The GSE Composite Index tumbled by 12.46 points (-0.55%) due to losses in two banking and telecom counters to close at 2,236.29 with a -0.92% year-to-date return while the market capitalization declined by 0.23% to settle at GH¢57.96 billion. CAL Bank (-1.02%) lowered the GSE Financial Index by 1.11 points …

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ECG attributes prepaid electricity deductions to service charges

The Electricity Company of Ghana is attributing deductions on prepaid electricity to service charges. According to the power distribution company, all residential and non-residential electricity prepaid customers in the country are charged a monthly service charge, depending on their consumption. Public Relations Manager, Theresa Osabutey disclosed this in an interview …

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Anaesthetists to strike from Friday over title change

Members of the Ghana Association of Certified Registered Anaesthetists (GACRA) have served notice they will embark on strike from Friday, January 31, 2020. According to the association, their appeal to the Medical and Dental Council over plans to change their name has been ignored. They claim the MDC has instead …

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