NEWS

The Securities and Exchange Commission (SEC) has written to gold-trading firm, Menzgold Ghana Company, to stop forthwith, all trading in gold without licence. In the 3 September 2018 letter signed by Deputy Director General, Paul Ababio, the SEC said: “In September 2017, the SEC issued a public notice indicating that it does not regulate Menzgold. The SEC began further investigations ...

The Second Lady Samira Bawumia has donated books to schools in the Wenchi and Techiman Municipalities in the Brong Ahafo region. Ten schools benefited from her benevolence under the auspices of her not-for-profit organization – the Samira Empowerment and Humanitarian Projects (SEHP). Announcing the package to the schools during the celebration of International Literacy Day, Mrs Bawumia was optimistic it ...

The Auditor General Daniel Domelevo is accusing his board chairman Prof. Edward Dua-Agyeman and the board of the Audit Service of “unlawful interferences and violations” of his constitutional mandate. He has since petitioned President Akufo-Addo to intervene over what he described as “manipulation” of procurement processes. According to him, procurement decisions have been taken in his absence among other decisions ...

Government has slashed the allowances of the staff of the Youth in Afforestation program in order to accommodate the cost involved in paying workers of the newly introduced Nation Builders Corps (NABCo). The allowance for supervisors, according to Starr News sources, has been slashed from the monthly GHC1,200.00 to GHC700.00. A statement from the Director Operations of the program Hugh ...

A different version of government’s policy solution to decongest senior high schools, is being implemented in two elite schools in the Central region. That policy known as the double track system, splits a class into two streams with one starting while the other waits. So a General Arts class of say 98 students, will be divided to have a first ...

Some business associations have reacted to the downward trend of the Ghana cedi saying they have no choice than to pass on the cost incurred to consumers. Already, there have been calls for an urgent intervention to cushion local businesses from the cedi fall. President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, says businesses are losing ...

Ex-Ghana midfielder Derek Boateng, has sued former international teammate John Paintsil to refund US$ 20,000 he borrowed in camp during the 2010 FIFA World Cup finals in South Africa. In a writ, Boateng is demanding the recovery of the amount plus interest at commercial bank rate from the date the defendant collected the money till date of final payment. Also, ...

The nine-year-old girl who was allegedly sexually assaulted by her teacher, has been “provisionally diagnosed with spinal injury.” Tests by doctors at the Korle Bu Polyclinic revealed the condition after an earlier one conducted at a clinic at Kasoa in the Central region where the incident occurred, said she had a pelvic fracture. The class two pupil was fleeing from ...

A sluggish Ghana Cedi coupled with an apparent weak foreign exchange law is a potentially calamitous combination, traders worry. The Ghana Cedi trades on the interbank market at ȼ4.94 to $1, and sells at ȼ5 on the black market eating away the capital of exporters, importers and automobile spare parts traders. It is becoming increasingly difficult to do business because ...

Several students who trooped to the Northern Business School in Tamale in the Northern Region to register for the SHS double track system have been turned away by authorities of the school. According to Starr FM’s Northern regional correspondent, Eliasu Tanko, the students being turned away are those who did self-placement. Authorities at the school are also complaining that they ...