Category: News

GHC2 Billion Released To Settle Debt Owed Contractors

The government is to release about GH¢2 billion between this year and early 2019 to settle outstanding arrears owed contractors, mostly in the road sector, Minister of Finance, Ken Ofori-Atta, has said. In an interview with the Daily Graphic in Accra, Mr Ofori-Atta said out of the amount, GH¢1 billion had already been earmarked for disbursement by the end of the year, while an additional GH¢900 million would be paid to contractors in the course of next year. Giving details about the payment soon after a 2019 post-budget session under the auspices of PricewaterhouseCoopers (PwC), an international accounting and auditing firm, the Minister of Finance explained: “The decision to release […]

IGP To Be Jailed For Disobliging Court?

IGP David Asante Appeatu

An Accra High Court has set November 19, 2018, to decide the fate of the Inspector-General of Police (IGP) David Asante Appeatu for disobeying the court’s order. It will also rule on an application by the government’s lawyer seeking to overturn the conviction of the number one police officer for criminal contempt. The Deputy Attorney-General, Godfred Dame, believes the trial judge committed a serious error of law because some mandatory procedures were not followed in executing the judge’s order. That order was to provide security for the execution of a court order for the eviction of police officers residing in a 12-block flat at Madina in Accra. The property belongs […]

Ibrahim Mahama Dragged To Court Over GH¢358 Million UT Bank Debt

The receivers of the collapsed UT Bank have dragged a businessman, Mr Ibrahim Mahama, and four of his companies to court for owing the bank GH¢358.8 million. According to court documents, Mr Mahama’s companies owed the bank outstanding loan repayment balance of $35.7 million and GH¢189.1 million as of the time the bank’s licence was revoked in 2017. The licence of the UT Bank was revoked on August 1, 2017. The companies are Dzata Cement Limited, $35.7 million; MBG Limited, GH¢83.1 million; Holman Brothers Limited, GH¢86.4 million, and Engineers and Planners, GH¢19.6 million. The receivers, Mr Vish Ashiagbor and Mr Eric Nipah, who sued in their capacity as joint receivers, […]

Bank Of Ghana Has So Far Saved About GH₵11 Billion Deposits

Bank of Ghana (BoG) and the Ministry of Finance have through their interventions in the financial sector, protected about GH₵11 billion in customer deposits, including deposits and placements of other financial institutions, Second Deputy Governor of BoG Elsie Awadzi has said. Speaking at the JoyBusiness Financial Services Forum in Accra, Elsie Awadzi said, “After saving deposits of about GH₵11 billion in the banking sector, you still see some deposits in the savings and loans wondering, well, are we going to be ok? What would have happened if we hadn’t saved those?” According to her, “BoG’s actions against the failed banks and government’s decision to guarantee the deposits of the seven […]

Akufo-Addo Given Ultimatum To Provide Invisible Forces With Job

The New Patriotic Party affiliated vigilante group, the Invisible Forces, in the Ashanti region are threatening to embark on a demonstration if their demand for jobs is not met by 20th of this month.   The Over 2,000 members believed they have been deceived by party bigwigs and are now calling on the President Nana Akufo-Addo to provide them with job within 15 days.   Abdul Karim Mohammed, Ashanti regional Chairman of the Invisible Forces, speaking to Starr fm today said, it is only the president that can intervene to stop the impending demonstration.   “In Ashanti region alone Invisible have 2785 men…at least we should know what to tell […]

NPA chief says he will work to ‘expose’ fraudulence in petroleum sector

  National Petroleum Authority Chief Executive Alhassan Tampuli. Industry stakeholders in the petroleum market convened at the National Petroleum Authority’s head office Tuesday, to hear remarks from its Chief Executive, Alhassan Tampuli, on the state of the Authority. In the address, Tampuli reemphasized that the NPA has successfully adopted stringent measures to curb illegal activities in the sector, which has drastically reduced exports from 30 million litres to a mere two million litres (a 93% decline) in one year. “We at the Authority are poised to ensure protection is given to the businesses of genuine players in the industry and shall work with you to expose the fraudulent ones desperately […]

Charlotte Osei’s Dismissal: Bad Precedence Set By Akufo-Addo – NPP Guru

A founding member of the governing New Patriotic Party (NPP), Dr Nyaho Nyaho Tamakloe, has observed that the dismissal of Charlotte Osei as the Chairperson of the Electoral Commission was a bad precedence for the country. “Once again, we have another interesting case, an electoral commissioner who has supervised an election which you won and she comes to declare that you have won the election – then later on through manoeuvring, you have the person ejected,” Dr Nyaho Tamakloe stated. “It will definitely disturb our democratic credentials as a country in future. You set a precedence. When other political parties come to power and think whoever you have there will […]

Social Intervention Debate: Omane Boamah Replies Bawumia

Former Communications Minister Dr. Edward Omane Boamah has responded to the challenge thrown at the erstwhile Mahama administration and the NDC to name just one social intervention it has introduced to Mitigate the hardships of Ghanaians.  Vice President Dr. Mahamudu Bawumia speaking at 2018 joint Annual Dinner and Dance of the United Kingdom branch of the New Patriotic Party (NPP) and Young Executives Forum (YEF) challenged the NDC to name just one social intervention it has introduced. “Today the NDC is going around saying that there are hardships. So what we want to ask them, and I want to challenge them, a simple challenge: tell us what you have done […]

U.S. Government Supports Ghana To Develop Anti – Child Labor And Trafficking Strategy For The Fisheries Sector

The Ministry of Fisheries and Aquaculture Development (MOFAD) and the U.S. Government through the U.S. Agency for International Development (USAID), held a signing ceremony for the fisheries sector’s new Anti-Child Labor and Trafficking Strategy. The strategy outlines the Ministry’s plans to reduce and eventually eliminate child labor and trafficking in the fisheries sector. The USAID Sustainable Fisheries Management Project collaborated with MOFAD to develop a national strategy to help eradicate child labor and trafficking in Ghanaian fishing communities. Coordinated through the MOFAD Marine Fisheries Division, the consultative process also included participation and support from Ghana’s Ministry of Gender, Child, and Social Protection. Approved by MOFAD Minister Elizabeth Naa Afoley Quaye […]

KNUST closed down indefinitely

The Kwame Nkrumah University of Science and Technology has been closed down indefinitely, following violent protests, Monday. The decision was taken after a meeting between school authorities and the Ashanti Regional Security Council (REGSEC). The Regional Minister, Simon Osei-Mensah addressing the press after the meeting, announced that a curfew has been put in place effective 6:00pm Monday. He added that from 6:00am to 12:00 noon Tuesday, all students “including student leaders” should vacate the campus premises. Only foreign students are spared. According to the Minister, a single hostel which will be protected by security will be provided for them. Meanwhile, the Education Minister is set to meet with the school authorities on Tuesday. A statement released by […]