BUSINESS

Be wary of beard growth products – FDA

The Food and Drugs Authority (FDA) has stated that it has not approved the sale of any product purported to enhance or help with beard growth as being advertised on certain products. According to the Head of Medical Devices, Cosmetics and Household Chemical Substance Inspectorate Division at the FDA, Mr …

Read More »

Ghana to be fastest growing economy in 2020 — IFC predicts

Sérgio Pimenta, IFC Vice President for the Middle East and Africa, says Ghana can be one of the fastest-growing economies in the world if the government maintains its prudent economic management system. He noted that looking at the financial performance of Ghana – the numbers, the macro framework and the …

Read More »

Police rescue one of five kidnapped RCCG Pastors

The Ogun State Police Command on Saturday said it rescued one of the five Pastors abducted by suspected Fulani herdsmen. The Command, in a statement by the Police Public Relations Officer, DSP Abimbola Oyeyemi, said one of the victims, Deaconess Ibelegbo Chidinma, was rescued unhurt. He assured that the remaining …

Read More »

The names behind PDS revealed

There have been some speculations on the composition and credibility of the Ghanaian local consortium holding 51 per cent of the shares in the Power Distribution Services (PDS) Ghana Limited with some suggesting that a group of barbers at Osu in Accra are the ones behind it.The government on Tuesday …

Read More »

How murdered policewoman escaped death at Shatta Wale’s show

The killing of a policewoman, Corporal Agatha Nana Nabin, at a checkpoint on Tuesday, has set the rumour mill agog in the Northern Regional capital of Tamale, with various theories being propounded. An investigation The Chronicle is conducting has landed on two divergent speculations, and wonders if the policewoman was …

Read More »

Parliament approves $1.5 billion cocoa syndicated loan today

Government is seeking an amount of $1.5 billion for the purchase of Cocoa beans for the 2019/2020 crop season. In a motion tabled before parliament, Cocobod wants receivables backed trade finance facility from a consortium of banks and financial institutions. It’s expected that the motion would be approved later today …

Read More »

Planned shutdown of some ‘troubled’ Savings and Loans companies eminent

The Bank of Ghana (BoG) would in coming weeks move in to “close down” some “troubled” Savings and loans companies that are facing “serious” financial challenges. This is based on some engagements that central bank have had with the these institutions over their “worsening” financial position; which has necessitated the regulator taking action. Bank …

Read More »

Wa UDS campus renamed after Dombo

The government has renamed the University of Development Studies (UDS) Wa campus, S.D. Dombo University of Business and Integrated Development Studies following the passage of the University for Business and Integrated Development Studies Bill 2018.The Minority MPs who were against the name changed refused to vote allowing the Majority to …

Read More »

Transport fares to go up as fuel price increment takes effect

Transport operators in the country are scheduled to meet on Friday, August 2 to deliberate on whether to increase transport fares following the announced increment in the Energy Sector Levy effective today. Finance Minister Ken Ofori-Atta while presenting the 2019 mid-year budget review to parliament on Monday announced increment in …

Read More »

Pupils demonstrate over classroom defecation

Pupils of Pakro Roman Catholic Primary and Junior High School near Nsawam in the Akuapim South District of the Eastern Region before vacating on Friday embarked on a demonstration against incessant defecation in their classrooms by unscrupulous persons in the Community. The pupils backed by their teachers marched through the …

Read More »

Supreme Court cancels Ibrahim’s bauxite contract

The Supreme Court yesterday ruled that the grant of three mining leases in favour of Exton Cubic, the company belonging to Ibrahim Mahama, younger brother of former President John Mahama, is null, void and of no effect. It has, therefore, cancelled the mining lease granted Ibrahim to mine bauxite in …

Read More »

Kwame Nkrumah: why, every now and then, his legacy is questioned

Kwame Nkrumah led Ghana to independence in 1957 – the first country in sub-Saharan Africa to achieve this feat. He’s still remembered for his unrepentant anti-colonial stance and strident Pan-Africanism. Above all, he is regarded as one of Africa’s ablest statesmen of the 20th century. Nkrumah has been ranked among leaders such as Vladimir …

Read More »

Don’t scrap social studies from curricula – NaSSA

Members of the National Social Studies Association (NaSSA) have called on the government to reconsider its decision to scrap social studies from the school curriculum.The group have threatened to demonstrate and picket the Jubilee House, if the subject is tampered with.Addressing a press conference in Kumasi on Wednesday, 31 July …

Read More »

Cabinet approves proposals for academic user fees

Dr Mathew Opoku Prempeh, the Minister of Education, has announced that Cabinet has approved proposals for a review of academic user fees of students. He said this was done last month and have been forwarded to Parliament for ratification. Dr Prempeh said this in a speech read on his behalf …

Read More »

South African develops app to help farmers sell beef

A pioneering app in South Africa lets investors, eager to benefit from rising global beef demand, buy shares in a cow from their mobile phone for as little as 576 rand ($41). Self-styled “crowd-farming” company Livestock Wealth connects investors with small-scale farmers via its “MyFarmbook” app, where they can buy …

Read More »

Ghana likely to lose $190m over PDS fiasco

The Minister of Energy, Peter Amewu fears cancellation of the concession agreement with Power Distribution Services Ghana (PDS) could come with some consequential loss. In an exclusive interview with TV3 on Wednesday, the minister said Ghana may not be able to access part of the second Millennium Challenge Corporation Compact …

Read More »

Kidnapped girls: Angry mother slaps suspect in court

There was drama at the Sekondi High Court 2 in the Western Region Wednesday, when a mother of one of the kidnapped girls slapped the suspect, Samuel Udoterk after he pleaded not guilty to the crime. Comfort Arhin, mother of Ruthlove Quayson, distressed by the suspect’s refusal to disclose where …

Read More »

We acted in good faith – PDS

The management of Power Distribution Services (PDS) has stated that the company has always acted in good faith with the contract it signed with the Government of Ghana.The government on Tuesday suspended the power deal it signed with PDS.The decision was communicated via a press release by Information Minister Kojo …

Read More »

Exton Cubic’s mining license invalid – Supreme Court

The Supreme Court has ruled that mining leases granted to Exton Cubic owned by Ibrahim Mahama is invalid, void and of no effect. The Court also held that the lease granted Exton Cubic did not comply with mandatory statutory provisions of the Minerals and Mining Act and article 268 of …

Read More »

Kumasi City Mall wins Gold Award for Commerce and Retail Business

Kumasi City Mall (KCM), the Ashanti Region’s pride in modern, one-stop retail shopping, picked up the Gold Award for Commerce and Retail business at the 16th edition of the Ashanti Business Excellence Awards held in Kumasi over the weekend. Some 25 companies, organisations and agencies operating in the Ashanti Region …

Read More »

US Speaker addresses parliament today

Speaker of the United States Congress, Nancy Pelosi is expected to deliver a historic address to Ghana’s Parliament today, Wednesday, 31 July 2019.The address is expected to touch on policy issues and bilateral agreements between the two countries.Also expected in the chamber will be members of the Congressional delegation who …

Read More »

FULL DETAILS: Why government suspended PDS

Government of Ghana in the late hours of Tuesday, July 30 announced the abrogation of the contract with Power Distribution Services barely six months after the company took over from the Electricity Company of Ghana. In a statement signed by Information Minister Kojo Oppong Nkrumah, it disclosed that “the decision …

Read More »

GHC2m NHIS debt cripples Kwesimintsim hospital

The Kwesimintsim hospital in the Western Region is in dire need of financial support as government is unable to pay its nine months national health insurance payments amounting in excess of 2 million Ghana Cedis. The Administrator of the facility, Felix Kesse told Empire News’ Emmanuel Ohene-Gyan that the last …

Read More »