LATEST UPDATES

UBA GHANA OPENS BUSINESS OFFICE TO MEET BANKING NEEDS OF ASHAIMAN

Chris Ofikulu   United Bank for Africa (UBA) Ghana has officially opened its latest branch to serve customers and the banking public throughout Ashaiman and its environs. The opening ceremony was held on Wednesday, 30th November, 2022.   Speaking at the official opening, the Managing Director of UBA Ghana, Chris …

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HIV/AIDS Fund to be reactivated soon -President

President Nana Addo Dankwa Akufo Addo, has given the assurance that government willoperationalise the National HIV and AIDS Fund to increase domestic resource mobilisation to improve care. The President gave the assurance following calls to re-activate the Fund to increase domestic resource mobilisation due to the recent upsurge in new …

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We might have over-borrowed – Deputy finance minister

Deputy Finance Minister, Dr John Kumah, has said that the current hardship in the country might be because the government over-relied on borrowing to run the economy. According to him, the government could have considered other alternatives to financing its projects and programmes aside from borrowing. “Maybe the levels of …

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Politician and Entertainer is dead

A popular Imo state-based entertainer and politician, Chukwunonye Irounno, is dead. The deceased is believed to be the MC of Peter Obi’s campaign. Chukwunonye was also the Labour Party (LP) House of Assembly Candidate for Okigwe Constituency in the state. According to report, he died on Monday night in Owerri …

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Tanzania scraps independence celebration, diverts funds to kids

Tanzania’s President Samia Suluhu Hassan has cancelled Independence Day celebrations scheduled for Friday and directed that the budget instead be used to build dormitories for children with special needs. The 61st Independence Day event was to cost $445,000, money that will be used to build eight dormitories in primary schools …

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Woman stabs her 74-year-old grandmother over fish

A Kenyan woman who was arraigned for stabbing her 74-year-old grandmother in the stomach after a quarrel over a piece of uncooked fish, has pleaded guilty to charges of causing grievous bodily harm.   The suspect identified as Binti Asma Juma, was arraigned before Mombasa Chief magistrate Martha Mutuku, on charges …

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Girl, 7, attacked by deadly viper

  A seven-year-old girl who was grabbing hold of a banana was bitten by a venomous snake.   The bothrops jararaca is Brazil’s fourth most dangerous snake with its venom capable of inflicting necrosis and limb loss,   At around 6.30am on Thursday, Dec. 1, a girl woke up at …

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Mandatory debt exchange programme would be illegal – Attorney-General

The Attorney-General, Godfred Yeboah Dame has in a legal opinion indicated that a mandatory Debt Exchange programme would be illegal. Finance Minister Ken Ofori-Atta on Monday announced domestic bondholders with the exception of Treasury bill holders will be affected by the debt exchange program. Per the arrangement, bondholders will get 0% interest …

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Driver jailed for bribing police officer with Ghc 5

Many commercial drivers have normalized, if not justified bribing police officers to get away with committing road traffic offences. A taxi driver, David Ayensu who worked at Tudu in Accra was part of the unlucky few that got hooked by the law after bribing a police officer with the Motor …

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Parliament approves 2023 budget

Parliament on Tuesday, December 6, 2022, approved the Budget and Economic Statement for Ghana for the 2023 financial year. According to 3news.com, the budget was approved by the House after the conclusion of the debate on it by Members of Parliament. The leader of the minority caucus of the House, …

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Moody’s downgrades GCB Bank to Caa3 from Caa2

International ratings agency, Moody’s has downgraded GCB Bank PLC’s (GCB Bank) global long-term local currency deposit ratings to Caa3 from Caa2. Moody’s investors also downgraded the bank’s long-term foreign currency deposit ratings to Ca from Caa2, its long-term Counterparty Risk Ratings (CRRs) to Caa3 from Caa2, its long-term Counterparty Risk …

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