World

Don’t panic; keep doing business with rural banks – BoG

Bank of Ghana Boss Dr. Addison

The Bank of Ghana has denied social media rumours that its intended clean-up of the rural and community banks sector will cause depositors to lose their funds.

In a statement, the central bank said its attention “has been drawn to malicious messages circulating on social media platforms such as WhatsApp and Facebook that an intended ‘clean up’ of the Rural and Community Banks (RCBs) sub-sector would negatively affect depositors fund with RCBs, urging them to move their funds to other institutions”.


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Caf President Ahmad Ahmad allegedly arrested in France

Caf President Ahmad Ahmad

The Caf leader was reportedly taken in on Thursday morning at a hotel in France where he was staying for the Fifa congress
Caf President Ahmad Ahmad has allegedly been arrested by French police at the Berri Hotel in Paris.

The Caf boss was in the European nation to attend the Fifa congress, which brought about Gianni Infantino’s re-election as President of the governing body.

According to Jeune Afrique, Ahmad Ahmad was detained at 8:30am local time and will face the anti-corruption agency's Central Office for Combating Corruption and Financial and Tax Crimes (Oclif).


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Eid al-Fitr: Ghana needs you alive – Akufo-Addo to Muslim youth

President Akufo Addo with Chief Imma

President Nana Akufo-Addo has congratulated Muslims in Ghana and the world for successfully going through the one-month fast in the holy month of Ramadan and urged them, especially the youth to be moderate in their celebration to avert mishaps.

“I congratulate the Muslim Ummah of Ghana, and, by extension, the entire Muslim population of the world, for braving the pangs of hunger and thirst for an entire month”, Mr Akufo-Addo said in a statement.


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Kwame Osei-Prempeh appointed acting Managing Director of GOIL

Kwame Osei-Prempeh

The Board of Directors of GOIL Company Ltd has appointed Kwame Osei-Prempeh as the Acting Managing Director and Group Chief Executive of the company.

His appointment took effect from 3rd June 2019.

Mr Osei-Prempeh has been a Board Member of GOIL since 2017. He takes over from Patrick Akorli who has taken his leave prior to retirement after 23 years of service to GOIL.

Mr Osei-Prempeh has a wealth of experience in public service and in private practice as a senior legal practitioner.


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Action against Barclays Bank Ghana; a step in the right direction – Banking Consultant

Banking Consultant, Dr Richmond Atuahene

A Banking Consultant has lauded the Bank of Ghana’s action against Barclays Bank Ghana, saying it is a step in the right direction.

Dr Richmond Atuahene says “…So for me, it is part of the conduct regulations which I believe, it is okay with the Bank of Ghana which is very good because the pricing of the currency is very critical.”


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A-G to protect 'privileges' of charged MPs

Mahama Ayariga, MP and former Minister of state

Deputy Attorney-General, Joseph Kpemka, says henceforth his outfit will ensure Parliamentarians are not impelled to appear in court on days that the House is sitting.

This is after Tuesday’s clash between two arms of government -Parliament and the Judiciary- following an order by an Accra High Court forcing Bawku Central MP, Mahama Ayariga, to abandon Parliamentary duties and appear to defend corruption charges brought against him by the Office of the Special Prosecutor.


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Accra floods: World Bank intervenes with $200m

Accra Floods

Over 2.5 million people in the Odaw River Basin of the Greater Accra Region (GAR) will benefit from improved flood risk management, solid waste management and improved access to basic infrastructure and services in targeted communities of the GAR, under the Greater Accra Resilient and Integrated Development (GARID) project.

The $200 million funded project was approved by the World Bank Board of Executives Directors today.


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Borrowing not bad if you can pay back - Finance minister

Finance Minister, Ken Ofori Atta

The Finance Minister has stated emphatically that the Akufo-Addo administration will continue to borrow, despite concerns about the country’s debt.

This is after the public debt went up by ¢22 billion in the last four months to bring the total to ¢198 billion which is 57% of GDP.

But as government prepares to start the process of rolling out an ambitious 38-year developmental programme, Ken Ofori Atta believes it is not out of place for the Akufo-Addo administration to continue borrowing.


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Ghana Beyond Aid Committee apologises to Akufo-Addo

Nana Akufo-Addo

The Ghana Beyond Aid Committee has rendered an unqualified apology to President Nana Addo Dankwa Akufo-Addo and the entire nation for using a photograph from Kenya on the cover page of its strategy document which was launched on 1 May 2019 during the May Day celebration by Mr Akufo-Addo.

This error has attracted widespread criticism and also made mockery of the Ghanaian president.


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