BUSINESS

Farmers to boycott elections over poor living standards in Fanteakwa

Residents in some farming communities in the Fanteakwa North District of the Eastern region have threatened to boycott the upcoming MMDCE’s referendum and subsequently the Presidential and Parliamentary elections if deplorable roads linking their communities are not rehabilitated. The farmers say their general living conditions continue to worsen due to …

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Sex for Grades: 10 lecturers sacked, 7 suspended

The Kenule Beeson Polytechnic, Bori formerly known as Bori Polytechnic, has sacked 10 lecturers in connection with sex for grades Rector of the Institution, Onengiye Goergewill disclosed this when the Rivers State House of Assembly Committee on Education visited the school on oversight function. Georgewill said apart from the sacked …

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Phase 2 of Sinohydro deal to take off

The second tranche of the $2 billion Sinohydro deal has been approved and set to be disbursed early next year. It follows an approval given by Sinosure, the Chinese Export and Credit Insurance Corporation. Vice-President Dr. Mahamudu Bawumia who dropped the hint yesterday could not hide his excitement, saying “I’m …

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KNUST beats UG, ‘Ibadan’ to claim top spot in West Africa

Kwame Nkrumah University of Science and Technology (KNUST) has been adjudged the best University in Ghana and West Africa. The Ashanti Region-based university also came 14th on the African continent and 706th out of selected 1,500 best universities worldwide. It displaced two of West Africa’s prestigious tertiary institutions, the University …

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Economy among fastest growing in the world – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo, says his government has succeeded in turning around the fundamentals of Ghana’s economy, which he inherited from the Mahama administration, ensuring that, currently, all the fundamentals are pointing in the right direction. According to President Akufo-Addo, “we inherited a situation with a large fiscal deficit, …

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Accra to have first sky train station in August

The concession agreement for the construction of the Accra Sky Train Project has been signed on the sidelines of the ongoing African Investment Forum in Johannesburg, South Africa. The signing of the agreement means feasibility studies, spanning a period of nine months to determine the bankability of the project will …

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‘Akufo-Addo’s ambulances’ to be distributed in 2020

Government has decided to distribute all 275 ambulances in January 2020, Minister for Special Development Initiative, Mavis Hawa Koomson has said. The reason, she explained, is to ensure a fair distribution of the ambulances across all 275 constituencies in the country. The first 48 ambulances, which arrived months ago are …

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GMA reveals health crisis in Ghana prisons

The Ghana Medical Association (GMA) has raised the alarm over the health crisis in Ghana’s prisons and called for urgent and comprehensive healthcare for inmates in various prisons across the country. It has identified overcrowding, drug abuse, poor diet and hygiene, infections and substandard healthcare as the cause of the …

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Ghana Medical Association threaten to withdraw services next week

The Ghana Medical Association (GMA), mother body of doctors in Ghana, has indicated that it will soon withdraw its services in the various government hospitals over the failure of government to address issues relating to conditions of service of its members. The health professionals gave the indication in a communiqué …

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SEC’s statement on Blackshield misleading – Groupe Nduom

Groupe Nduom Limited has reacted to the Securities and Exchange Commission’s revocation of licenses of 53 fund management companies, which includes Blackshield Capital Management (formerly Gold Coast Fund Management). According to Groupe Nduom, the entity representing the interests of the majority shareholders and founders of Blackshield, the SEC’s assertion that …

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Court orders Menzgold to refund GH¢2.6m owed to 58 soldiers

The Accra High Court has ordered Menzgold Ghana Limited, a gold dealership firm to refund GH¢2,664,000 owed to some 58 soldiers. The court, presided over by Justice Angelina Mensah-Homiah J. in a November 4, 2019 ruling, however, refused to enforce the contractual interest at the rate contained in the respective …

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Watch: How Bawumia’s home was burgled

The Ghana Police Service has arrested four persons suspected to be part of a gang that robbed the private residence of the Vice President, Dr Bawumia in Walewale in the North East region of Ghana. The burglars in an incident which took place over the weekend attacked five other houses …

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Deal with high interest rates – Akufo-Addo to BoG Governor

President Nana Akufo-Addo has tasked the Governor of the Bank of Ghana, Dr Ernest Addison, to deal with the issue of high interest rates in the country. Addressing the CEOs Executive Forum in Accra on Wednesday, 6 November 2019, the President said: “I have requested the Governor of the Bank …

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Baffour Awuah is new Ghana Health Service boss

The Medical Director of Komfo Anokye Teaching Hospital, Dr. Baffour Awuah, has been appointed Director-General of the Ghana Health Service. According to a letter dated November 5, 2019, and signed by Executive Secretary to the President, Nana Bedietuo Asante, Dr. Awuah will head the GHS in an acting capacity “…pending …

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GHS boss Nsiah Asare reassigned to Presidency

The Director General of the Ghana Health Service Dr Nsiah Asare has been reassigned to the Presidency as advisor on health matters to the president. His reassignment took effect on November 1,2019. He is to be replaced by the deputy director general of the Ghana Health Service Dr. Anthony Ofosu, …

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CALBANK Nominates Mr. Philip Owiredu As New CEO

The Board of Directors of CalBank have nominated Mr. Philip Owiredu as the new Chief Executive Officer of the Bank, subject to Bank of Ghana’s approval. Mr. Owiredu has been the Bank’s Executive Director/Chief Financial Officer (CFO) since 2011. Upon approval, Mr. Owiredu will assume the Chief Executive Officer position …

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An Open Letter To The Candidate With No Alternative Solution

Dear Mr Reviewer General, For the past three years, you have been singing dirges about hardships having scourged the Ghanaian people due to what you describe as the Akufo-Addo administration’s failure to provide a better leadership for the country. You go about labelling yourself as the Messiah to save the …

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