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Moments after the announcement of the revocation of the licences and subsequent merger of the five local banks by the Bank of Ghana (BoG), Banking Consultant, Nana Otuo Acheampong, backs the move by the central bank, saying it will bring certainty in the ongoing recaptalisation drive.

“This is good news because this move will protect depositors’ funds and strengthen the banking sector and make it more solid,” he stated.

Four people, including the former Director General of the Social Security and National Insurance Trust (SSNIT), Mr Ernest Thompson have been indicted by the Economic and Organised Crimes Office (EOCO) for causing financial loss to the state.

The others are Mrs Juliet Hasana Krama, CEO of Perfect Business System (PBS), John Hagan Mensah, former OBS Project Manager at SSNIT and Caleb Afaglo who was General Manager of Management Information Systems (MIS) at SSNIT.

The Economic and Organised Crimes Office (EOCO) has granted bail to Mr William Ato Essien, the founder of collapsed bank, Capital Bank after detaining him overnight.
EOCO invited Mr Essien on Tuesday April 17 to assist with ongoing investigations into circumstances leading to the collapse of the bank in August last year.

Its Executive Director, Mr K. K. Amoah, told Graphic Online Wednesday that the detention was “part of the investigation process.”

Issues of Power supply and cost, finance and labour continue to impede the growth of indigenous businesses and companies in Ghana despite government interventions in promoting industrialization and job creation.

The Association of Ghana Industries (AGI) says, even though the Akufo-Addo government has abolished some nuisance taxes for industry, reduced tariffs and utility cost, industries still struggle to produce at full capacity.

A public policy expert is blaming the lack of a database for public servants as the reason some John Mahama appointees received double salaries.

Prof. Justice Bawole believes the existence of a system which captures data of all government workers, would easily detect such payments once the details appear in multiples.

The second batch of ex-government appointees suspected to have taken double salaries have taken their turn at the Police Criminal and Investigative Department, Wednesday to prove their innocence.

Dr Rashid Pelpuo, MP for Wa Central, Acquinas Tawiah Quansah, MP for Mfantseman and Fifi Kwetey MP for Ketu South were present at the police CID in the company of their lawyers to explain to investigators how they ended receiving double salaries as MPs and ministers while serving under ex-president John Mahama.

A teenager sitting for ongoing West Africa Senior Secondary School Certificate Examination (WASSSCE), has been arrested together with four others on suspicion of murdering an aeronautic engineer, at Akroso near Oda.

The suspects are Samson Anim, driver of the Hyundai bus the victim boarded before he died, Ebenezer Asante, Samuel Peprah, Frank Konadu and Emmanuel Okyere, the 18-year-old who is writing the WASSSCE.

Okyere has, however, been granted police inquiry bail on "compassionate grounds" to enable him to continue with the examinations.

A UN human rights expert has commended Ghana as a champion of African democracy and a country which has achieved some important development milestones.

But says unless growing inequality and continuing high poverty rates are addressed the country will fall far short of meeting the key UN Sustainable Development Goals, including the eradication of extreme poverty by 2030.

Businessman Mr Ibrahim Mahama has indicated he has no fears that the Special Prosecutor, Mr Martin Amidu will come after him for possible prosecution contrary to what his critics have been peddling.

As a brother of former President John Mahama, his critics have alleged he acquired a large chunk of his wealth through government contracts given to him during President Mahama’s tenure.

Accra, Feb. 22, GNA - The Minority NDC in Parliament has slammed the Akufo-Addo-led government for the lack of commitment to fight corruption in the country.

According to them, the latest Corruption Perception Index released by the Ghana Integrity Initiative (GII) vindicates the NDC’s position that there is corruption in the NPP’s government.

Alhaji A.B.A Fuseini, Ranking Member on Communication, speaking to the media in Parliament, said the NPP administration was doing nothing to fight corruption in the country.