The Accra High Court has ordered the prosecution in the Microfinance and Small Loans Centre (MASLOC), trial to produce the originals of the memos and supplementary documents in evidence by January 27. The Court presided over by Justice Mrs Afia Serwaa Asare Botwe said the materials would be inspected by the defence and then tendered in evidence by the Prosecution ...
Read More »Monthly Archives: January 2020
Coup plot: Meet me outside if you’re a man – Defence lawyer to police prosecutor
Lead defence lawyer in the case of the Republic versus Fredrick Mac Palm and nine (9) others, Victor Adawudu, today extended an invitation to police prosecutor, Assistant Superintendent of Police (ASP) Slyvester Asare, for a fight outside the Court if he claims “he is a man”. The invitation of the defence lawyer was made right before the District Court Judge ...
Read More »Bank, Menzgold crises: ‘We’re making it difficult for NPP to win 2020 by stealing citizens’ money’ – Kwame Pianim
Economist Kwame Pianim has said the banking and financial crises that have caused customers to either lose some or all of their deposits and investments as a result of the Bank of Ghana’s revocation of the licences of nine local banks, 347 microfinance firms, 23 savings & loans and some finance houses, as well as the Securities and Exchange Commission’s ...
Read More »5 things to know about the FX Development Committee
The Finance Ministry last week set up a 38-member body named Foreign Exchange Development Committee. The committee is charged with the responsibility of reviewing the existing forex regime and recommend workable solutions for a stable exchange regime. The formation of this committee was greeted with mixed reactions from a cross section of the Ghanaian populace. Some say the committee is ...
Read More »Yamoah Ponkoh runs away from ‘bloody election’ claim
Leading member of the opposition National Democratic Congress [NDC], Afrifa Yamoah Ponkoh has denied strongly inciting his party foot soldiers to go all out for a ‘bloody election campaign’ ahead of the 2020 general polls. He claimed he is for ‘peace’ and will not call for ‘war’ as purported – “Anyone with evidence of the allegation should bring it out.” ...
Read More »Ghana and World Bank sign $570 million agreement
Ghana and the World Bank on Friday signed four agreements, totaling nearly $570 million aimed to transform the economy, boost education, improve sanitation and fight flooding in Accra as well as reduce forest losses. Out of the total commitment for the four projects, $557 million is in loans and just over $12 million in grants. The Greater Accra Resilient and ...
Read More »Data challenges 50% resolved – MTN Ghana
Africa’s telecommunication giant, MTN Ghana, has noted that it is halfway through with fixing mobile data connectivity issues that hit it on Thursday. A statement sighted by GhanaWeb read, “Yello valued customer, kindly be informed that user experience of our data services have significantly improved. We have currently fixed 50% of the issue”. The company stressed that works are still ...
Read More »Contractors have resumed work on Eastern Corridor road – Roads Ministe
Users of the Eastern Corridor road will soon see a facelift on that stretch. This is according to the Roads and Highways Minister, Kwesi Amoako Atta who revealed that contractors have resumed work on the Eastern Corridor road. Residents and commuters have been appealing to the government to resume work on the deplorable roads which they say is negatively affecting ...
Read More »EC set for new voters register
The Electoral Commission (EC) is on track to compile a new voters’ register to replace the blemish-fraught roll. This came to light during the EC engagement with some civil society organisations (CSOs) at Alisa Hotel in Accra yesterday to justify the need for the compilation ahead of the 2020 general elections in December. The determination of the commission could not ...
Read More »Banks collapse: Dr. Kwabena Duffour runs to court for ‘cover’ after BNI invitation
The founder of the UniBank, Dr. Kwabena Duffour, is seeking an interlocutory injunction from the court to restrain the Ghana Police Service over what he describes as “unlawful threats and harassment” following an invitation from the Crime Investigation Department (CID) last week. According to the embattled businessman cum politician, he was summoned with a letter from the Special Investigation team ...
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