Author Archives: larryehu

UT Bank collapse: MP denies taking GHC30m loan

The Member of Parliament for Efutu in the Central Region has denied receiving an under-collateralised ¢30 million loan from the defunct UT Bank. Alexander Afenyo Markin’s response comes after a report on the collapsed UT and Capital Banks said the loan he was supposed to have taken flouted prudential regulations. The report revealed that four subsidiaries of Excel Courier, a ...

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U.S. welcomes Kabila’s decision to quit, calls for credible polls

The United States has reacted to political developments in the Democratic Republic of Congo (DRC) after president Kabila finally indicated that he will be leaving office after upcoming polls. The U.S. through its Ambassador to the United Nations (UN), Nicki Haley, said it will continue to support Congolese people. It also tasked the elections body to ensure credible polls during ...

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Zimbabwe: Victims of post-election violence recount horror

Several opposition supporters in Zimbabwe and other apolitical citizens claim to have been abducted and beaten by the military during the post-election opposition demonstrations of August, 1. “Jules,” says he was beaten up in a township bar on the weekend that followed. Like him “Winston”, tells the horror he experienced that day. The military clampdown of protesters on August 1st ...

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Zambia deports ex-Zimbabwe minister wanted for poll offence

Barely twenty-four hours after refusing him asylum, Zambian authorities have deported former Zimbabwean minister of finance Tendai Biti, his lawyer has confirmed. Zambia took the action despite a High Court order against the move. Zambia’s Foreign Minister on Wednesday told the BBC that they had refused to offer asylum to the opposition leader and former Finance Minister. Joe Malanji said Biti had ...

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Video: Shatta Wale reacts to Menzgold, BoG brouhaha

Shatta Wale has added his voice to the ongoing brouhaha between his boss, Nana Appiah Mensah’s Menzgold company and the Bank of Ghana (BoG). The singer said he cannot fathom why BoG will condemn a company which is promoting the entertainment industry. In a Snapchat video, he said: “Someone will say God help me, God help me. God has brought ...

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Infographic: How Ato Essien used ¢80m of depositors funds

An exclusive financial autopsy report into the collapse of Capital Bank has revealed its majority shareholder, Ato Essien used ¢80m of depositors and public funds for his personal piggy bank. The exclusive report to Joy News shows Mr Ato Essien who founded the bank, “flouted all banking and risk management rules” in the management of monies saved there by its customers. ...

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Man Utd transfer news: Is this Harry Maguire holding United shirt ahead of deadline?

MANCHESTER UNITED want Harry Maguire – and is this the Leicester star pictured with the club’s red shirt? Manchester United have spent the summer pursuing a deal for Maguire, despite Leicester City’s adamance he is not for sale at any price. The England international is their top target with deals for Toby Alderweireld, Yerry Mina and Jerome Boateng failing to ...

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Newcastle transfer news: Welbeck latest, Fernandez medical, last-ditch approach

NEWCASTLE TRANSFER NEWS – Express Sport brings you the latest news coming out of St James’ Park. Newcastle transfer news – Danny Welbeck not on the radar Newcastle boss Rafael Benitez isn’t interested in signing Arsenal outcast Danny Welbeck. According to the Telegraph, the Magpies are keen on landing the England international, who has fallen down the pecking order at ...

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Begging Amidu fruitless – Akufo-Addo vows to complete 2,000-capacity prison

President Nana Akufo-Addo has said reported attempts to obstruct the Special Prosecutor Martin Amidu from pressing criminal charges will not work. Vouching once again for Martin Amidu’s independent-mindness, President Akufo-Addo said “from the little I know of the man,” it is a “fruitless venture” to try and influence his anti-corruption work. The president was referring to NDC MP for Bawku ...

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