Economics

$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

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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Any soldier found protecting illegal miners will be dealt with - Defence Minister

Defense Minister, Dominic Nitiwul

Defence Minister, Dominic Nitiwul has ordered the Chief of Defence Staff to immediately launch investigations into reports that some military officers are providing security for illegal miners.

He said the military has not officially ordered any such acts and the culprits should be made to face the full rigours of the law if found culpable.


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Wealth of 5 richest Nigerians could end poverty - Oxfam report

Aliko Dangote

The combined wealth of Nigeria’s five richest men - $29.9 billion - could end extreme poverty in that country according to a new report published by Oxfam today.

The report, ‘Inequality in Nigeria,’ exposes the large and growing gap between rich and poor. It reveals how the benefits of economic growth have been captured by a wealthy elite at the expense of ordinary Nigerians.

According to Forbes the 5 richest Nigerians are: Aliko Dangote (net worth US $14.4 billion), Mike Adenuga (net worth US $9.9 billion),


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President returns from 3-nation tour

President Akufo-Addo and Vice-President Mahamudu Bawumia at the airport after the former’s arrival in Accra. Picture: Samuel Tei Adano

The Director of Communications at the Presidency, Mr Eugene Arhin, has described President Nana Addo Dankwa Akufo-Addo’s visit to Senegal, Guinea and Cape Verde as productive.

He said the visit would not only inure to the economic and bilateral benefit of Ghana but also strengthen the resolve for the attainment of the goals of the Economic Community of West African States (ECOWAS).


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Ericsson Technology In Ghana

Ericsson Press briefing

Multinational networking and telecommunications giant, Ericsson on Thursday showcased in Ghana some advanced technology it had developed to help telecom companies and others who provide Information Communication Technology services, better serve their customers.

The company in February 2017 launched the technology at the Mobile World Congress at Barcelona, Spain.

According to them, their cutting edge technology is a product of six years of researching into the changing trends within the technology sector.


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Eni launches OCTP production, Ghana

Offshore Cape Three Point

Eni has started first production from its Offshore Cape Three Points (OCTP) project, offshore Ghana.

The project, which comprises the Sankofa Main, Sankofa East and Gye-Nyame fields, about 60km off Ghana, was completed in just two and a half years, and three months ahead of schedule, according to Eni.


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Mahama jets off to India for AfDB meeting

Former President John Mahama

Former President John Mahama

Former President John Dramani Mahama is in Ahmedabad, India to attend the 52nd Annual Meetings of the African Development Bank (AfDB) Group, according to a statement issued by Joyce Bawah Mogtari, Special Aide to Mr Mahama.

The AfDB, which works to reduce poverty and improve the living conditions of African people, is meeting on the theme ‘Transforming Agriculture for Wealth Creation in Africa.’


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