Monthly Archives: June 2019

Al Qaeda, ISIS target Ghana – UK government

The UK government has warned its citizens in Ghana to be wary of the kidnappings and terrorist attacks in the country. The warning about kidnappings comes on the heels of a recent kidnapping of two Canadian citizens. Terrorist groups associated with Al-Qaeda and ISIS, which are operating in parts of North Africa and now in the Sahel, are likely to ...

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Arrest warrant issued for Ofosu Ampofo

An arrest warrant has been issued for the arrest of Samuel Ofosu Ampofo, the National Chairman of the opposition National Democratic Congress (NDC). This follows his refusal to honour an invitation to report to the Director General of the Criminal Investigations Department (CID), Maame Yaa Tiwaa Addo-Danquah, to assist in investigations into the recent spate of kidnappings and arson in ...

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Gender Dynamism comments: Akufo-Addo caught off-guard – Dafeamekpor

South Dayi Member of Parliament, Rockson Dafeamekpor has said that President Nana Addo Dankwa Akufo-Addo’s comments on gender dynamism in Africa and Ghana were made because he was ‘unprepared’ and taken by surprise. Mr. Dafeamekpor believes the President was not properly briefed and psyched for the discussions on the day by policy analysts and Ministers he was accompanied by. At ...

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Six political parties accept in principle the election of MMDCEs

Six political parties at the end of a Multi-Stakeholder Conference organised by the Ghana Catholic Bishops’ Conference have accepted in principle the election of Metropolitan, Municipal and District Chief Executives (MMDCEs). The representatives of the six political parties who made the disclosure in their submissions on Friday in Accra include Mr Freddie Blay, Chairman of the New Patriotic Party (NPP); ...

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Anglogold Ashanti to recruit over 2000 workers for Obuasi mine

Mining giant, Anglo Gold Ashanti says it is planning to recruit about 2,500 workers following its resolve to resume full-scale operations at its Obuasi mine. The Managing Director of the company, Mr. Eric Asubonteng made this known at a Town Hall meeting organized by the mining giant with stakeholders in Obuasi. The program which was held at the Obuasi Sports ...

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Mahama left $5.2bn energy debt – Akufo-Addo

President Akufo-Addo has said his government inherited a $5.2 billion debt in Ghana’s energy sector from the previous Mahama-led National Democratic Congress (NDC) administration, half of which has been paid, while the remainder hanged on the neck of his administration like an albatross. Noting that Government was seriously working to offset the debt, he indicated: “I think if there is ...

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Don’t pay shoddy 1V1D contractors – Bawumia

No contractor building any of the irrigation dams in farming hamlets in northern Ghana should be paid for shoddy work done, Vice-President Dr Mahamudu Bawumia has ordered. The Vice-President’s warning on Thursday night comes on back of media reports that some of the beneficiary communities are complaining of poor job done. Delivering a keynote address at the 2019 Northern Ghana ...

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Bank of Ghana withdraws licenses of 347 microfinance companies

The Bank of Ghana has revoked the licences of 347 insolvent microfinance companies, saying the institutions continue to pose risk to the entire financial system. “Given the risks that these institutions continue to pose to the entire financial system, and the need to protect depositors, the Bank of Ghana is sanitising this sector through the orderly resolution of the failed ...

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Bank of Ghana revokes licenses of 39 insolvent micro-credit companies

The Bank of Ghana has revoked the licences of 39 insolvent microcredit companies for regulatory violations and other supervisory concerns. A statement from the Central Bank said severe under-capitalization, poor lending and risk management practices, and poor corporate governance practices were among many other reasons accounting for the poor performance and eventual collapse of the 39 failed institutions. Following the ...

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