Economics

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

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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