Author Archives: larryehu

Yoweri Museveni: A five times-elected dictator?

Kampala – He’s ruled Uganda for 31 years. With five presidential terms in office, Yoweri Museveni is surrounded by controversies related to freedom of speech, human rights, allegations of nepotism, and even the killing of Ugandan citizens. But President Museveni claims Uganda is one of the most democratic countries in the world and that he is leading his people out ...

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HFC Bank Records Losses

HFC Bank Ghana Limited and its subsidiaries recorded a widening loss-after-tax and non-controlling interest of GH¢47.73 million for the 2016 financial year. HFC Bank Ghana Limited and its subsidiaries also recorded an 18 percent rise in assets from GH¢1.6 billion to GH¢1.89 billion. Deposits also increased by 31 percent, outperforming the industry average of 25 percent. The loss position was ...

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Outspoken Nigerian emir facing graft probe

Kano – One of Nigeria’s most prominent Muslim leaders is under investigation on suspicion of embezzlement, fuelling rumours that some want him removed after he made a series of comments about the need for social reforms. Anti-corruption investigators are looking into the accounts of the Emir of Kano, Muhammadu Sanusi II, following allegations of gross mismanagement of royal finances. “We ...

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38 business leaders honored, Nii Kotei Dzani picks top award

The Founder and President of Groupe Ideal, Nii Kotei Dzani has been named as the Best Entrepreneur for 2016. It follows his contribution to Ghana’s economy through his business venture comprising thirteen subsidiaries. Mr. Kotei Dzani was among thirty eight business managers honored at this year’s edition of the Ghana Entrepreneur and Corporate Executive Awards. This year’s awards saw thirty-eight ...

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Ghana Loses GH¢850m To Illegal Fuel Importers

The National Petroleum Authority (NPA) has disclosed that Ghana loses about GH¢850 million annually in taxes due to the increased activities of fuel smugglers in the country. The illegal act is said to involve operators at the ports who fuel tanks with products brought into the country via unapproved routes. Businesses that apply under the pretext of exporting petroleum products, ...

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Muntari’s action the right thing – Jon Benjamin

The British High Commissioner to Ghana, Jon Benjamin, has backed Sulley Muntari’s decision to walk off the pitch after he was racially abused in a Serie A game on Sunday by Cagliari fans. The former Black Stars midfielder, whose side Pescara lost the game by a goal to nil, reported the abuse to the referee but was rather booked by ...

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Akufo-Addo’s economic transformation on track – NPP

The ruling New Patriotic Party (NPP) is optimistic workers in both the formal and informal sectors will begin to reap the dividends of the Akufo-Addo government as the local currency grows “in strength.” In a statement to mark Workers’ Day on May 1, the NPP said the “economy is stabilizing” as a result of tax cuts and the implementation of ...

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