Ugandan troops have pulled out of the hunt for rebel leader Joseph Kony in the Central African Republic (CAR), the army has said. He and his Lord’s Resistance Army (LRA) group had become “weak”, and no longer threatened Uganda, it added. The LRA was notorious for chopping off people’s limbs and abducting children to use ...
Juventus produced an exceptional defensive performance to reach the semi-finals of the Champions League after stopping Barcelona from scoring at the Nou Camp. Trailing 3-0 from the first leg, Barca peppered the Italian goal but failed to repeat their last-16 heroics when they overturned a first-leg 4-0 deficit to beat Paris St-Germain. Lionel Messi, who ...
A Former Executive Director at the Ghana Integrity Initiative, Vitus Azeem, has criticized the Addison-led committee constituted to investigate the AMERI deal, for allowing the company to sponsor its trip to Dubai. The Minister for Information, Mustapha Hamid, has reportedly admitted that the Addison Committee’s trip to Dubai to investigate the deal, including hotel accommodation ...
Following allegations of conflict of interest against the Finance Minister, Ken Ofori Atta, relating to the recent $2.25 billion bond issue, the Chief Executive Officer of Dalex Finance, Ken Thompson, has called for more transparency about the bond. He believes that what looks like secrecy surrounding the $2.25 billion bond issue, is only fueling the ...
The Minority in Parliament has a called for full the disclosure of the amount of tax payer’s money spent on what it described as “lavish parties” by President Nana Akufo-Addo. According to the Minority, the first 100 days of the Akufo-Addo administration has seen several parties after the Presidential inauguration, and others associated with the ...
The average interest offered by banks on customer deposits has dropped by about 0.4 percent between February and March this year. The figure declined from 11.6 percent as at end of February 2017 to 11.2 percent as at end of March; the latest Annual Percentage Rates (APR) and Average Interest (AI) report by the BoG ...
The First Lady Mrs. Rebecca Akufo-Addo, has advised countries in Africa to pay critical attention to early childhood education and as a matter of urgency, provide enough investment in the sector, to ensure children get a formidable foundation. The First Lady made this call whiles addressing OMEP Africa regional Conference currently taking place in Accra. ...
The importation of rice can be drastically reduced if the necessary measures are taken to boost rice production in Ghana, the Manager of Worawora Ricemill, a subsidiary of Groupe Nduom, Percival Ofori Ampomah has said. Speaking on the Citi Breakfast Show, Mr. Ampomah suggested what he termed a comprehensive approach to boosting local rice production ...
The Israeli ambassador to Ghana, H.E Ami Mehl, has declared his support for Ghana’s fight against illegal mining, popularly known as galamsey. According to him, the State of Israel is “fully behind Ghana in this fight” and is ready to help the country recover from the devastation wrecked by the menace on the environment. In ...
The latest Banking Sector Stability Report by the Bank of Ghana has shown that Non-Performing Loans (NPLs) of banks increased by 36.17 % between February 2016 and the same period this year. The figure increased from 4.7 to 6.4 billion cedis within the twelve months’ period. The report also revealed that commerce and finance accounted for ...
The Ghana Revenue Authority (GRA) has directed all financial institutions to discontinue charging VAT on financial services after Finance Minister, Ken Ofori-Atta announced its abolishment in the 2017 Budget statement presented to parliament. Government in the 2017 Budget Statement announced some tax reliefs, including abolishing of VAT on Financial services. A statement from the GRA ...
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