Archive: Mon Feb 2018

Komenda Sugar Factory not likely to produce sugar – UCC research team

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The Komenda Sugar Factory in the Central Region is not likely to produce sugar for the next one year, unless drastic measures are taken by the government to promote sustainable sugar plantations to feed the factory. This is the outcome … Read more →

2 fined for fighting over woman on court premises

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Two men, who fought over a 43-year–old woman at the premises of the Accra High Court, were on Wednesday fined Gh¢ 120 each  by the Accra Circuit Court. Kofi Atakora, a former boyfriend of the woman and George Sefah, the … Read more →

Mahama awarded inflated contracts worth GHc 5.7 billion – Prez. Akufo-Addo

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The President Akufo-Addo has disclosed that the erstwhile National Democratic Congress (NDC) administration bequeathed to the current government inflated contracts to the tune of 5.7 billion Ghana cedis which have since been cancelled. According to him so many of the contracts … Read more →

“Nothing undermines investment promotion than corruption” – Sir Sam Jonah

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Chief Executive Officer of South African based Jonah Capital, Sir Sam Jonah has said that “nothing undermines investment promotion than corruption.” According to the astute businessman who was addressing participants at this year’s opening of the New Year School at … Read more →

Stanchart, Baroda have best loan rates

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Standard Chartered Bank and Bank of Baroda ended the year, 2017 being the best banks with the cheapest loan rates of 22.0 percent for both household and enterprises in all categories, according to the Bank of Ghana (BoG) latest Annual … Read more →

Public sector debt to banks drops to 5.3%

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Following the restructuring of the Volta River Authority (VRA) and the Tema Oil Refinery (TOR) debts in the last quarter of 2016, the public sector’s share of total Non-Performing Loans (NPLs) fell from 11.3 percent in October 2016 to 5.3 … Read more →

Prez. Akufo-Addo appointed Amidu to pump “fear of God” in corrupt officials

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President Nana Akufo-Addo says he appointed the Special Prosecutor, Martin Amidu to instill the “fear of God” in potential corrupt officials in the country. The President, addressing the press at a meeting at the Flagstaff House Wednesday, stated categorically that … Read more →

NIB disowns Tsatsu Tsikata

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There was drama at the Supreme Court yesterday when officials of National Investment Bank (NIB) disowned Tsatsu Tsikata as the bank’s counsel. Mr. Tsikata had earlier represented the bank in its case against Standard Bank Offshore Trust Company Limited. The … Read more →

Govt rejects GH¢5.7bn ghost claims

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President Akufo-Addo yesterday revealed that his administration’s audit and validation of GH¢11 billion arrears bequeathed to government in 2017 by Mahama’s National Democratic Congress (NDC) administration exposed the falsity in the claim, as almost GH¢6 billion had been saved for … Read more →

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