The Minority in Parliament has criticised the government over its military agreement with the US administration, saying it amounts to an overthrow of Ghana’s sovereignty. The opposition lawmakers said the deal, which grants unrestrained access to the US military, undermines the country’s authority. Defence Minister, Dominic Nitiwul has laid before Parliament the government’s agreement with the US to allow the ...
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Government appetite for debt swells; plans to raise US$3.36bn despite IMF caution
In spite of a recent advice by the International Monetary Fund (IMF) for the country to limit its next Eurobond to US$500 million, the GRAPHIC BUSINESS is reliably informed that the government is boosting its appetite for foreign debt, with a planned incursion into the international bond market to raise some US$3.36 billion in bonds by December this year. Of ...
Read More »Another ICT teacher with no computer draws Internet Explorer on blackboard
Following the recent success story of a basic education teacher who in the absence of computer drew word processing interface on the blackboard and got the attention of Microsoft who flew him to Singapore to attend the Microsoft Education Exchange 2018, another ICT teacher has popped up again. The teacher who goes by the name Richmond Owusu Boateng teaches ICT ...
Read More »We’re Not Setting Up A Military Base In Ghana – US
The United States of America has dismissed reports that it is building a military base in Ghana. A statement by the US Embassy in Ghana said “the United States has not requested, nor does it plan to establish a military base or bases in Ghana.” The statement comes after a leaked document revealed that the Government of Ghana has approved ...
Read More »Say no to ‘US military base’- Samia Nkrumah tells MPs
Daughter of Ghana’s first President, Dr Kwame Nkrumah, Samia Yaaba Nkrumah, is calling on Members of Parliament to reject the supposed military base in Ghana Kwame Nkrumah tells us in Africa Must Unite (1963) that “if we do not unite and combine our military resources for common defence, our individual [African] States, out of a sense of insecurity, may be ...
Read More »BoG Taking Over UniBank “Politically Motivated” – Gatsi
An economist Prof. John Gatsi believes the Bank of Ghana’s directive to KPMG to manage indigenous bank – uniBank – was “politically motivated.” The Central Bank, as regulators, has handed over managerial powers of uniBank to the audit firm, at least for the next six months, because the bank’s “capital adequacy ratio (CAR) has fallen below 50% of the required ...
Read More »President Akufo-Addo will be overthrown – Prophet claims
A 32-year-old prophet based in the Central Region of Ghana, Cosmos Walker, is claiming that President Nana Addo Dankwa Akufo-Addo will be overthrown from office if Ghanaians do not pray for him. The prophet who made this known in an interview with Kofi Adomah Nwanwanii on Kofi TV was quick to add that it is only Reverend Isaac Owusu Bempeh ...
Read More »Bank of Ghana takes over Unibank
The Bank of Ghana has announced it has taken over the management of private bank, Unibank. The Governor of the central bank explained at a press conference, the takeover is due to challenges facing the bank. He mentioned weak supervisory standards and weak operations as the cause of the challenges. Ernest Addison said the bank provided inaccurate data during the ...
Read More »Tax on dental equipment killing us, show you care – Dental Association to gov’t
The President of the Ghana Dentist Association has charged the government to demonstrate its commitment towards the dental health of Ghanaians by removing the tax on dental equipment. Dr Nana Asante-Appiah said the move will help members of the Association to import state-of-the-art-equipment that will help address dental-related issues. At an event organized by Unilever Ghana to commemorate World Oral ...
Read More »UniBank Takeover: No Customer Will Lose Money – BoG
The Bank of Ghana has assured customers of uniBank that their savings are safe, despite handing over management of the financial outfit to KPMG. The Central Bank, as regulators, said the audit firm will manage uniBank for at least six months, because the bank’s “capital adequacy ratio (CAR) has fallen below 50% of the required minimum of 10% (i.e. below ...
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