BUSINESS

Danger! Adolescents use weedicides for abortion

The Central Region Public Health Directorate of the Ghana Health Service has expressed worry about reports of adolescents resorting to weedicides to abort pregnancies. The Regional Director, Public Health, Dr Kwabena Sarfo, said that was worrying and an indication that comprehensive sexual education had to be intensified to reach all, …

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Liverpool beat Chelsea to maintain perfect start

Liverpool retained their five-point lead at the top of the table as they became the first team to win their opening six Premier League games in successive seasons with a fiercely-fought victory over Chelsea at Stamford Bridge. Jurgen Klopp’s title pace-setters looked on course to win in comfort as Trent …

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Mad rush for community mining registration ID cards

The Inter-ministerial Committee on Illegal Mining (IMCIM) through the Ministry of Lands and Natural Resources has secured two separate mining concessions in Akrofrom district of Ashanti Region to be used for the Community Mining Programme to replace the destructive illegal mining popularly known as ‘galamsey’. Over three thousand (3,000) illegal …

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Government freezes payments to independent power producers

Government has placed a temporary freeze on payments to independent power producers as it bids to renegotiate power purchasing agreements signed with the previous administration. A statement by the Finance Ministry on 20th September 2019, announced this development further reiterating the establishment of a steering committee under the Energy Sector …

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Conflicts, bad weather major cause of food insecurity – FAO

Dry weather and protracted conflicts have been identified by the Food and Agriculture Organization (FAO) as the main cause of food insecurity in some 41 countries across the world. The FAO in a report released on Thursday 19TH September, 2019 said some 41 countries continue to be in need of …

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Money paid by Jospong for Akwatia Diamond mine missing – Asamoah Boateng

It has emerged that monies paid by Ghana Consolidated Diamonds Ghana Limited (GCDGL), a subsidiary of the Jospong Group of Companies to acquire defunct Great Consolidated Diamonds (GCD) at Akwatia in the Eastern region is missing. Director-General of the State Interests and Governance Authority (SIGA), Stephen Asamoah Boateng, revealed this …

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How a businessman was duped right inside the Jubilee House

A Kumasi-based businessman has recounted how one Nana Fredua Agyemang of the Confiscated Assets Committee operating at the Tema Harbour duped him of GH¢ 20,000 right inside the Jubilee House, MyNewsGh.com reports. He says the said Fredua, who claimed to be one of the aides of the Executive Secretary to …

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Government abrogates Akwatia mine contract

The government has abrogated the contract awarded to Great Consolidated Diamonds Ghana Limited (GCDGL) in 2011 to mine diamonds at Akwatia for breach of contract. The company failed to fulfil its core mandate of paying $17 million to the Divestiture Implementation Committee (DIC), as well as rehabilitating and refurbishing facilities …

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Ghana expected to produce 850,000 tonnes of cocoa in 2019/20 season

Ghana, the world’s second largest cocoa producer, is expected to produce 850,000 tonnes of cocoa in 2019/20 season, at the lower end of average levels on account of the swollen shoot disease outbreak, COCOBOD has said. Ghana’s annual cocoa production is usually between 850,000 and 900,000 tonnes, though the country …

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Newmont Goldcorp ranked top gold miner on DJSI

Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) has been ranked as the top global gold mining company on the Dow Jones Sustainability World Index (DJSI World) for its leading environmental, social and governance (ESG) performance. This represents the 12th consecutive year the company has been named to the list. Newmont was the first …

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August inflation 7.8%

The inflation rate for August 2019 was 7.8 per cent, the Ghana Statistical Service (GSS) has announced. Acting Government Statistician, Professor Samuel Kobina Annim, said at a press conference on Wednesday, 18 September 2019 that the food and non-alcoholic beverages group recorded a year-on-year inflation rate of (8.2) per cent; …

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Cocobod signs deal to build processing factory

The Ghana Cocoa Board (COCOBOD) has signed an agreement with the China General Technology (Group) Holding (Genertec) for the establishment of a cocoa processing factory in Ghana. The factory, which will be located at Sefwi-Wiawso in the Western Region will be operated by COCOBOD and Genertec through a Public Private …

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Zoomlion Takes Steps To Optimize Waste Management Processes

General Manager of waste management giant, Zoomlion Ghana Limited, Mrs. Florence Larbi, has stressed the need to examine plans to implement a waste management system, which would integrate waste collection and treatment methods, environmental benefits as well as social acceptability in a practicable and sustainable manner. According to Mrs Larbi, the proposed …

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UEW Vice-Chancellor sued over UEW finances

Mr Bruno Bajuase Chirani, Acting Finance Officer of the University of Education, Winneba (UEW), has filed a writ at the Winneba High Court in the Central Region, calling for an audit into the university’s account. According to Mr Chirani (plaintiff), the court should order a forensic audit of all payments …

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SHS placement system was ‘sabotaged’ – GES

The Ghana Education Service (GES) has alleged that, amongst other challenges the Computerized School Selection and Placement System is faced with, it was hacked. A Deputy Director General at the GES, Dr. K.B. Tandoh, said some saboteurs both within and outside the country, are responsible for the hack. Dr. K.B. …

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Cocoa Board signs $1.3b loan for cocoa purchase

Ghana Cocoa Board on Friday signed a 1.3 billion dollar loan agreement with international banks to fund the purchases for the 2019/20 cocoa season, due to start in early October. The loan agreement was signed in Paris, France, with 24 banks, including Societe Generale, Netbank, Naxitis, MUFG bank and Ghana …

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COCOBOD secures $1.3 billion for 2019-2020 season

The Ghana Cocoa Board (COCOBOD) has secured US$1.3 billion from a consortium of 24 banks to finance cocoa purchases in the 2019/20 cocoa season. The syndication, led by Natixis Bank, MUFG Bank Limited, Rabobank Group, Nedbank, Societe Generale and the Ghana International Bank, will attract an interest rate of .055 …

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NAGRAT calls off strike after Akufo-Addo intervention

The National Association of Graduate Teachers (NAGRAT) of Ghana has called off its week-old strike following President Akufo-Addo’s directive for the suspension of the Human Resource Management Information System (HRMIS) software – which has become a major point of concern for  teachers. National President of the NAGRAT Angel Carbonu told …

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Over 100 Vodafone staff asked to go home

Scores of workers of Vodafone Ghana have been asked to go home in a sudden redundancy operation by the telecom company, Starr News has learnt. Affected staff were informed of the move and given their redundancy packages on Thursday. It is believed close to 100 staff have been affected by …

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BCI Launches 9th Edition Of ‘Walk For The Cure’ In Cape Coast

The 9th edition of ‘BCI Walk for the Cure, 2019’ has been launched in Cape Coast, the Central regional capital, on Thursday, September 12, 2019, with the theme ‘Early detection is the best prevention. The annual global event is organized by Breast Care International (BCI), non-governmental organization, is to create …

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PDS deal: MiDA shifting blame to Bawumia – ACEP suspects ‘mischief’

Transaction advisors in a concession agreement with energy company, Power Distribution Services (PDS) have been accused of shifting blame after controversy gutted the agreement. In the controversy, Power Distribution Services (PDS) have been found to lack the financial capacity to provide $12.5m in guarantees when they took over ECG management …

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