Africa

Kwabena Duffour sues BoG over uniBank license revocation

Dr Kwabena Duffour

Dr Kwabena Duffour, a shareholder of the defunct uniBank Ghana Limited, has initiated a fight to reclaim uniBank, which the Bank of Ghana (BoG) on August 1, 2018, collapsed along with four other banks on grounds of insolvency.

The Bank of Ghana on August 1, 2018 merged five banks into a Consolidated Bank of Ghana Limited with the explanation that, investigations had established that the five banks were insolvent.

The banks are BEIGE, Sovereign, Construction, uniBank and Royal.


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BoG fails to do broader consultation on banks recapitalisation - Prof. Gatsi

Bank of Ghana

Accra, Aug. 8, GNA - Professor John Gatsi, the Head of Finance Department, University of Cape Coast, on Tuesday said the Bank of Ghana (BoG) failed to undertake broader stakeholder consultations before starting the indigenous banks’ recapitalisation exercise.

He said the Central Bank should have engaged in transparent and active debate involving bankers, policy-makers, politicians and other key stakeholders in the banking industry to ensure an alternative policy direction.


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NDC Race: Could Alabi pull a flagbearer surprise?

Professor Joshua Alabi

Professor Joshua Alabi, a Russia-trained Ghanaian academic and politician born on March 1, 1958, has suddenly become one of the lead contenders for the National Democratic Congress (NDC) flagbearership race.

Already, some big guns in the party including former Diplomat, James Victor Gbeho, as well as former Second Deputy Speaker of Parliament, Ken Dzirasah, are rallying party faithful to support the candidature of Prof. Joshua Alabi to become the flagbearer of the party going into the 2020 elections.


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Akufo-Addo's reshuffle imminent! Who goes out?

Otiko Afisa Djaba

The president, Nana Akufo-Addo is set to announce his first ever ministerial reshuffle but is likely to maintain the number of appointees at 110.

The object of the reshuffle may be to inject freshness in the administration with the president shifting his men and women around with very little casualties.

However, Myjoyonline.com has learnt Women and Children’s Affairs minister Otiko Afisa Djaba is likely to be one of the few casualties in a reshuffle that may come as a surprise to some.


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Mahama condemns tribal comments by alleged NDC group

Former President John Mahama

Former President John Mahama has disassociated himself from comments by a group calling itself Social Democratic Forum, which claims to be affiliated to him.

The group in a statement recently accused former President John Rawlings, Tobge Afede XIV and some top senior members of the National Democratic Congress (NDC) of conspiring to derail any attempt by Mr Mahama to lead the party as the presidential candidate ahead of elections in 2020.


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Joyce Mogtari writes...Of Ameri and matters arising

Joyce Bawah Mogtari

In the not so recent past, under the watch of former President John Dramani Mahama, Ghana suffered a crippling power production deficit that was christened Dumsor- similar to the power crisis under former President John Agyekum Kufuor.

The deficit was the result of previous years of not adding any significant megawatts of production capacity to our generating plants, as against an increase in the power demand by homes and businesses, spurred by population growth and industrial expansion.


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AMERI saga: Minority want Bediatuo sacked

The Minority want the President's Secretary, Nana Asante Bediatuo sacked as well.

The Minority in Parliament is demanding that the President sacks his Executive Secretary, Nana Asante Bediatuo, over the controversial revised AMERI deal that has led to the firing of Energy Minister Boakye Agyarko.

They have also called on the police to institute a criminal probe into the processes that led to the review of the deal that was initially signed by the previous John Mahama administration.

Parliament last month froze approval processes for the agreement following concerns the new deal will cost the country about a billion dollars more.


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Double-track removes pressure to secure GH¢1bn for infrastructure dev't – Education Minister

Education Minister, Dr Mathew Opoku Prempeh has been busy dealing with a barrage of concerns over the double-track system

The Minister of Education, Mathew Opoku Prempeh, says the double-track system, which government intends to roll out in September this year at the Senior High School (SHS) level, will save the nation at least a billion Ghana cedis.

He suggests that although the government will eventually spend money to expand infrastructure to deal with the challenges brought on by the free SHS policy, the double-track system will, for instance, remove the pressure to rush through obtaining the funds and putting up school buildings.

Time, he said, is not on government's side.


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Dismissing Energy Minister right decision – VRA union leader

President Akufo-Addo and dismissed Energy Minister Boakye Agyarko in happier times

President Akufo-Addo’s dismissal of Energy Minister Boakye Agyarko late Monday evening over the controversial renegotiated Ameri power deal, has been hailed as an inevitable decision.

Theophilus Tetteh Ahia, Vice Chairman of the Volta River Authority (VRA) Senior Staff Association, says the decision does not surprise them given that the Energy Minister failed to engage key stakeholders including the VRA in renegotiating the deal. He also spurned all good counsel to renegotiate for a value for money deal.


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