BUSINESS

BoG pegs minimum capital for Mobile Money companies at GH¢20m

The Bank of Ghana has pegged the minimum capital required for operating a mobile money company at GH¢20 million. The latest directive comes on the back of the recently passed Payment Systems and Services Act, 2019 (Act 987) which provides a legal and regulatory framework for the orderly development of …

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GES self-placement module opens

The self-placement module which was temporarily closed down by the Ghana Education Service (GES) is expected to be live again today, Thursday, 12 September 2019. The GES closed down the module to enable it update the list of schools and programmes available for students entering the senior high school this …

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Free SHS: Self-placement for qualified candidates temporarily suspended

Management of the Ghana Education Service (GES) has temporarily suspended the self-placement module under the Computerized School Selection and Placement Scheme( CSSPS). This option enables qualified candidates of the Basic Education Certificate Examination ( BECE) who have not been placed in their chosen Senior High School( SHS) to choose a …

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We have achieved 85% success in galamsey fight – Lands Minister

The Minister of Lands and Mineral Resources, Kwaku Asomah cheremeh, has rated the success chalked by the government in the fight against illegal mining, popularly known as galamsey, at 85%. According to the Minister, though the expected success against the fight has not been met, he will not describe that …

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Agric Minister’s imported pigs spread Africa Swine Flu – Report

Impeccable sources within the Ghana Veterinary Service, have revealed a massive outbreak of the dreaded Africa swine fever disease in the Sekondi-Takoradi metropolis, resulting in the death of lots of pigs in various piggeries in the Western Region. The Herald is informed that, the recent outbreak, could be attributed to …

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Gov’t releases over GHC49m to settle outstanding grant for teachers

The Finance ministry has released over forty-nine  million cedis to the Ghana Education Service for the payment of delayed transfer grant and other outstanding allowances to teachers in the country. It comes after the Ghana National Association of Teachers (GNAT)  declared strike in six regions over poor condition of service. …

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Transport fares to go up by 10%

The Ghana Private Road Transport Union (GPRTU) says effective September 16, public transport fares will go up by 10 per cent. Explaining the basis for the increment, the Union said the various components that go into the running of commercial transport services has gone up. “This is to accommodate predominantly …

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Kofi Amoabeng faults BoG process of closing banks

Former CEO of defunct UT Bank, Kofi Amoabeng, has criticised the Bank of Ghana’s procedure for closing banks, citing the closure of his bank as a case in point. “We didn’t need policemen at dawn – at 6 am as if it is a Rawlings coup. And then GCB staff …

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Nduom, one other resign as directors of Gold Coast Brokerage

Gold Coast Brokerage has announced the resignation of Dr Papa Kwesi Nduom and Patrick Kobina Anumel from the board of the company. The company has also changed its name to Teak Tree Brokerage Limited. In a circular to investors on Monday, the following individuals have also been appointed to the …

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Okyenhene to build 10 new schools

Okyenhene Osagyefo Amoatia Ofori Panin ll has promised the people of Akyem Abuakwa in the Eastern Region 10 new basic schools to help improve education in that part of Ghana. The Paramount Chief of the Akyem Abuakwa Traditional Area made this known in Asamankese during his tour to interact with …

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Ghana moves up in latest anti-money laundering ranking

A new anti-money laundering and terrorist financing report published by Swiss-based Basel Institute of Governance has seen Ghana moving up six places. Last year, Ghana ranked 66th out of 125 countries in the Anti Money Laundering Index.  But with a score of 5.29, the country jumped to 60th position in the latest …

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Failed banks: I can’t accept blame – Terkper

Former Finance Minister, Seth Terkper, has said he cannot accept blame for the circumstances that led to the collapse of some local banks in the country. According to him, several laws and regulations were put in place in order to regulate the financial sector when the National Democratic Congress (NDC) …

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GNAT declares strike in 6 regions

The Ghana National Association of Teachers (GNAT) has joined sister teacher group, National Association of Graduate Teachers (NAGRAT) in its industrial action against what they describe as unfavourable working conditions. NAGRAT declared a nationwide strike over the newly introduced Human Resource Management Information System (HRMIS) acquired by the Public Services …

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Kindergarten, P1 entrants to undergo mandatory medical screening

All pupils entering kindergarten and primary one in the 2019/2020 academic year will undergo a mandatory medical screening during admission. The Ghana Health Service (GHS) is conducting the exercise in collaboration with the Education Service and other partners. The screening which will begin Tuesday, is aimed at “the early detection of …

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Six nursing students sacked, dozens repeated

The management of Koforidua Nursing and Midwifery Training College has dismissed at least six students and about 20 others repeated over poor academic performances. The affected students are mostly students pursuing Registered Midwifery Course. The dismissed students are said to have performed below the borderline of 1.5 Cumulative GPA whilst …

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Petroleum workers appeal to gov’t

The General Transport, Petroleum and Chemical Workers Union (GTPCWU), has called for a reduction in the price of fuel to help ease the cost of living of Ghanaian workers. According to the national secretariat of the union in a statement issued recently, the frequent unannounced fuel price hikes were dealing …

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Government exposed over GH¢800m GAT cash

Contrary to earlier claims by the government that is not providing some GH¢800 million to the Ghana Amalgamated Trust (GAT) to support NIB and ADB, it is emerging that such a move has actually been initiated. The minority in parliament through its spokesperson on Finance Isaac Adongo last Tuesday accused …

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Chairman of Afro Arab Group Grabs Another International Award

The astute and affable business mogul Alhaji Salamu Amadu has been honored by the Pan African Leadership and Entrepreneurship and Development Centre (PELEDEC) at the 3rd edition of the child summit held at the British Council in Accra. This award is in recognition of his philanthropic work in supporting the …

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2019 Farmers Day to focus on agribusiness – Gov’t

The government says it intends to gradually shift the focus of agriculture in Ghana from a subsistence farming approach to an agri-business approach using the 2019 national Farmers Day as a starting point. Agriculture has for centuries been operated in Ghana as a subsistence activity with few practitioners focusing on …

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Cholera looms as contractors abandon toilet projects over nonpayment

There is a looming cholera outbreak in parts of the Country as contractors have, en bloc, abandoned ongoing construction of automated modern toilet facility projects under a Public Private Partnership between Ghana First Company and the Government of Ghana. Over 200 existing public toilet facilities in communities across the country …

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51-year-old trader takes advantage of Free SHS

Comfort Nutsugah, a 51-year old trader, has taken advantage of government’s Free Senior High School Policy to further her education. Ms. Nutsugah, a mother of six, who sells used clothing after school hours, is a first-year General Arts Student of the Keta Senior High Technical School in the Volta Region. She is …

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