Economics

Ghana, Sierra Leone agree to ratify agreement for cooperation

President Akufo Addo meets President Ernest Bai Koroma

Ghana and Sierra Leone have agreed to ratify the agreement for cooperation between the two countries, so as to provide the legal framework for addressing their trade and investment concerns.

Despite the good relations that exist between the two countries, there is no framework for cooperation to guide these relations
This development has hampered the deepening of bilateral ties and cooperation amongst the two countries.


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I will not shield any corrupt public official – President Akufo-Addo

President Nana Akufo Addo in Sierra Leone

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has stated unequivocally that he will not shield any public official found to be engaged in acts of corruption or malfeasance, but will ensure that the laws of the land are applied fully, without fear or favour.

According to President Akufo-Addo, the recent news of the arrest of some Customs officials responsible for the loss of some GH¢1.2 billion in revenue to the state is part of the efforts his government is making to block revenue leakages at the country’s ports.


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Ghana-producer-price-inflation-eases-4-8-pct-April

Inflation

ACCRA, May 24 (Reuters) - Ghana's producer price inflation fell to 4.8 percent year-on-year in April from 6 percent the month before, as a stronger local currency cut import prices, the statistics office said on Wednesday.

Producer inflation has come down from more than 48 percent in 2014, a sign of progress in stabilizing the economy under an International Monetary Fund programme that looks set to be extended beyond its April 2018 end date.


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Russians, Ukrainians detained over illegal mining [Photos]

Russians arrested by the Ghana Police

The two Russians and Two Ukrainians who were arrested on Monday in Ghana for engaging in illegal mining spent the night at the Kumasi Central Police Station in the Ashanti Region.

They are expected to be brought to Accra later today, Tuesday for further investigations.

The Minister for Lands and Natural Resources John Peter Amewu ordered the arrest of the four foreign nationals for flouting the mining laws of the country.


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Calls for regulatory body for housing

Minister of Works and Housing, Mr Samuel Atta-Akyea

Players in the real estate industry are calling for the creation of a supervisory body to regulate the real estate industry in the country.

The Managing Director of NTAC Properties Limited, Mr Jerome Eshun, who made the call, explained that such a body, when established, must be empowered to check unscrupulous and shoddy service providers in order to bring sanity into the real estate sector.


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If private sector fails under this gov't then it is Ghana's fate - Akufo-Addo

President Nana Akufo-Addo

Government says businesses now have their best chance to succeed because their ambition is matched by a government which is private sector focused.

In his preliminary remarks at the opening of 2017 CEO's Summit Monday, Senior Minister Yaw Osafo Maafo told business leaders, fate has presented them a government that has a "tireless desire" to see them succeed.

Delivering an address on behalf of President Nana Akufo-Addo, the Senior Minister was happy to tell a "true story" to dramatise his belief that if corporate Ghana fails, then it must have been written in the stars.


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The $150m mystery: Three Ghana Gas helicopters missing?

File photo

Although government has paid $150m for three helicopters for Ghana Gas Company, the whereabouts of the choppers remains a mystery, the Public Interest and Accountability Committee (PIAC) has revealed.

It is not known whether the helicopters have been delivered or missing.

"I have asked about the helicopters but there are no answers forth coming” Dr Steve Manteaw who is a member of the committee said Adom FM’s Morning Show, ‘Dwaso Nsem’ Tuesday.


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$1.2m kickback scandal: Trade Ministry requests forensic audit

Alan Kyerematen

he Ministry of Trades and Industry is set to begin a forensic audit into the alleged $1.2 million scandal that has hit the former Executive Director of the Ghana Standards Authority.

Dr George Crentsil has been cited in a damning investigative report that alleges that he collected $1.2 million kickback from a contractor undertaking construction work for the Authority.


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Soldiers protecting Galamsey operators – Amewu

Lands and Natural Resources Minister, John Peter Amewu

Lands and Natural Resources Minister, John Peter Amewu

Photo: 3077385044760_6531853733791.JPG
Photo: 3077385044760_6531853733791.JPG

The Lands and Natural Resources Minister, John Peter Amewu has accused some personnel of the Ghana Armed Forces High command of providing cover for galamsey operators in hard-hit areas.

He alleged the said military command has without authorization, deployed personnel to protect galamsey operators in parts of the Ashanti region where his team is touring.

In an interview with Citi News, John Peter Amewu called for an immediate probe into the matter.


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