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GSE composite index drops

Accra, Aug. 19, GNA – Trading on the Ghana Stock Exchange (GSE) on the third week of August bourse ended with transactions in 14 equities, with eight prices changes in an advance to decline ratio of 1:7.

The benchmark GSE - Composite Index dropped by 0.4 per cent to close at 1,824.4 points, stock market analysis made available to the Ghana News Agency in Accra on Friday by Nordea Capital, an investment bank, has stated.

Ghana News AgencyFri, Aug 19, 2016 Fri, Aug 19, 2016

Mahama: NPP lacks visionary leadership

President John Mahama has taken a swipe at the opposition New Patriotic Party (NPP), describing it as a party that lacks visionary leadership.

Mahama said just as the NPP’s tradition undermined Ghana’s first President, Dr Kwame Nkrumah, their present leadership is working hard to mislead the public into thinking that the massive investments in infrastructure is a misplaced priority.

Mr Mahama was addressing hundreds of supporters at Kokompe near Takoradi as part of his campaign in the Western region.

Starr FM OnlineFri, Aug 19, 2016 Fri, Aug 19, 2016

President Mahama calls for renewal of mandate

Elubo (W/R), Aug 17, GNA - President John Dramani Mahama, has asked the electorate to renew his mandate in the December 7 polls, to enable him complete the numerous development projects initiated by the ruling National Democratic Congress (NDC).

He said four years is woefully inadequate to transform a country, adding that his second term in office would enable him to complete all the projects dotted across the country.

Ghana News AgencyFri, Aug 19, 2016 Fri, Aug 19, 2016

Indigenous enterprises receive one billion worth of contracts

Takoradi, Aug. 19, GNA - President John Dramani Mahama has said indigenous small-scale businesses have received one billion dollars worth of contracts from petroleum companies since the commencement of commercial production of crude oil in the country.

He said the award of contracts to local enterprises was in compliance with the country’s Local Content and Participation Policy which had created over 7,000 jobs aimed at ensuring that the hydrocarbon resources benefited Ghanaians.

Ghana News AgencyFri, Aug 19, 2016 Fri, Aug 19, 2016

Mugabe’s trip to Ghana cancelled

Zimbabwean President Robert Mugabe has cancelled his trip to Ghana.

The 92-year old African leader was expected to deliver a presidential lecture at the Kempinski Hotel in Accra, on the occasion of the Lifetime Africa Achievement Prize.

Organizers of the event, Millennium Excellence Foundation, say the cancellation is due to reasons beyond their control.

But sources at the Zimbabwean Embassy in Ghana, who want to remain anonymous, have told Citi News the trip was cancelled due to domestic political issues in Zimbabwe.

Citi FMThu, Aug 18, 2016 Fri, Aug 19, 2016

AGI urges private sector to support EXIM Bank

Accra, Aug 18, GNA - The Association of Ghana Industries (AGI) has urged the private sector to support government’s efforts in the establishment of EXIM Bank- Ghana.

Mr James Asare-Adjei, the AGI President, said the activities of the bank would inure to the benefit of industries and businesses in the country.

He said the AGI in its advocacy, as the leading voices of private sector, had been highlighting challenges and difficulties which frustrate growth efforts of businesses and continued to stifle the country's industrialisation drive.

Ghana News AgencyThu, Aug 18, 2016 Fri, Aug 19, 2016

Trade minister warns against false import declaration

Kumasi, Aug 19, GNA - Dr. Ekwow Spio-Garbrah, the Trade and Industry Minister, has cautioned importers to desist from making false declaration of goods, cleared at the ports.

He said in as much as the government was eager to create a business-friendly environment, anything illegal that denied the state vital revenue for socio-economic development would not be accepted.

The Minister described as deeply disturbing the situation where about 65 per cent of importers engaged in the unhealthy practice.

Ghana News AgencyFri, Aug 19, 2016 Fri, Aug 19, 2016

Oil now flowing from offshore Ghana

Mega-field complex off the West African coast could produce as much as 80,000 barrels of oil per day.

LONDON, Aug. 18 (UPI) -- One of the bigger oil projects off the coast of West Africa has started production from a floating facility offshore Ghana, Tullow Oil announced Thursday.

"I am delighted that the TEN fields have reached first oil," Tullow CEO Aidan Heavey said in a statement.

UPIThu, Aug 18, 2016 Fri, Aug 19, 2016

Mahama commissions FPSO Atta Mills today

President John Mahama this morning commission the FPSO Professor John Evans Atta Mills to commence oil production from the Tweneboa-Enyenra-Ntomme known as the TEIN fields.

The Tweneboa-Enyenra-Ntomme is expected to produce between 20,000-23,000 barrels of oil per day.

Starr FM OnlineThu, Aug 18, 2016 Fri, Aug 19, 2016

We are ready to deliver credible election – EC

The Electoral Commission says it is ready to ensure that this year's election is credible.

Speaking at the launch of 2016 Peaceful Election stamps by Ghana Post, Deputy Electoral Commissioner, Amadu Sulley said credible elections were crucial in ensuring peace before and after the elections.

Mr Sulley said the Commission has so far adhered to guiding principles of Electoral practices to ensure that the polls are credible.

myjoyonline.comWed, Aug 17, 2016 Wed, Aug 17, 2016

Montie saga: Ato Ahwoi’s conviction was an error – Amidu

Former Attorney General and Minister for Justice, Martin Amidu has said the Supreme Court’s conviction and sentencing of one of the directors of Accra-based Montie FM, Ato Ahwoi was an error.

He argues that because Network Broadcasting Limited, Montie FM’s mother company had fully been represented in court, trying Mr. Ahwoi separately was “a grave miscarriage of justice.”

Citi FMWed, Aug 17, 2016 Wed, Aug 17, 2016

Prez. Mahama adjudged ‘Most Inspirational African President’

Ghana’s President, John Dramani Mahama has been adjudged the ‘Most Inspirational African President’ by the congress of all Africa Students Union.

The scales of the union also identified the former African Union Chairperson, Dr. Nkosazana Clarie Dlamini Zuma, as African Personality of the Year.

The All Africa Students Union (AASU), is an independent student body with equal membership from over 50 African countries, with its headquarters in Accra.

Wed, Aug 17, 2016 Wed, Aug 17, 2016

Amidu’s take on Montie trio wrong – Ayikoi Otoo

A former Attorney General in the New Patriotic Party (NPP) administration, Ayikoi Otoo, has said Martin Amidu’s interpretation of the Constitution in relation to the sentencing of the three Montie FM trio and the owners of the station is wrong.

Martin Amidu, also a former Attorney General in the NDC administration in his latest piece on the sentencing of the Montie trio, said the procedure adopted by the Supreme Court in sentencing the sentence was unconstitutional.

Citi FMWed, Aug 17, 2016 Wed, Aug 17, 2016

Nkrumah Interchange delays not for electoral gains – Minister

A section of Ghanaians claim the delays in the completion of the project and its subsequent commissioning was a deliberate ploy by the government to deliver it at the last minute to elections in order to score some political points

But Alhaji Fuseini play down the claims, saying “this is not a way by government to buy votes ahead or during the elections because these projects had been planned already”.

Wed, Aug 17, 2016 Wed, Aug 17, 2016

President Mahama commissions six-unit classroom block for Ada SHS

President John Dramani Mahama has commissioned an ultra-modern six unit classroom block for the Ada Senior High School.

The six unit classroom block with 2 staff common rooms and 9 toilet facilities was provided by Groupe Ideal.

At a short ceremony in Ada, Paramount Chief, the Queen mother, the Headmaster, and members of the community gathered at the forecourt of the new school building to officially receive the keys from Groupe Ideal.

myjoyonline.comWed, Aug 17, 2016 Wed, Aug 17, 2016

Mahama is buying votes, abusing incumbency – GII

Anti-corruption group, Ghana Integrity Initiative (GII) says the distribution of outboard motors to fishermen by President John Mahama in the Western Region is worse than vote buying.

It is akin to abuse of office, Executive Director of GII, Linda Ofori Kwafo told Joy FM's Francis Abban, Wednesday.

This comes as President Mahama began his campaign tour of the Western Region with a gleeful distribution of outboard motors to some fisher folks.

myjoyonline.comWed, Aug 17, 2016 Wed, Aug 17, 2016

Montie 3: Presidential pardon not an affront to Judiciary - Martin Amidu

Former Attorney General Martin Amidu has challenged claims that granting a presidential pardon to the Montie three will be disrespectful to the judiciary.

According to him, if that argument were to hold, then every other pardon granted by the President will constitute a disregard to the courts.

Starr FM OnlineWed, Aug 17, 2016 Wed, Aug 17, 2016

Mahama doesn't need Rawlings' endorsement to win elections – Omane Boamah

Minister for Communications, Dr. Edward Omane Boamah has claimed that President Mahama does not need the endorsement of former President Jerry John Rawlings to win the upcoming elections.

He siad the party is unfazed by reports that former President John Rawlings failed to endorse the candidature of President Mahama at the NDC campaign launch as the former President has never endorsed the President for any elections.

Mon, Aug 15, 2016 Mon, Aug 15, 2016

Businesses urged to incorporate environmental health operations

Accra, Aug. 14, GNA - The Deputy Minister of Environment, Science, Technology and Innovation, Dr Bernice Adiku Heloo has urged stakeholders to incorporate environment health and safety tips into their operations in order to help promote the sustainable development goals (SDGs).

Speaking at the maiden launch of the Environmental Health and Safety Awards in Accra, she noted that science and technology has brought in its wake environmental and health challenges through socio- economic activities.

Ghana News AgencyMon, Aug 15, 2016 Mon, Aug 15, 2016

Bank of Ghana keeps policy rate at 26 per cent

Accra, July 18, GNA - The Bank of Ghana (BoG) held its policy rate unchanged at 26 per cent as the risk to inflation and growth is in balance.

“In assessing the current economic conditions, the Committee views the risks to inflation and growth as balanced and decided to maintain the policy rate at 26 per cent,” Dr Abdul-Nashiru Issahaku, the Governor of BOG, told a press conference on Monday.

Dr Issahaku said to a large extent, the pace of decline in inflation had been reinforced by the current tight monetary policy stance and stability in the local currency.

Ghana News AgencyMon, Aug 15, 2016 Mon, Aug 15, 2016