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Tuesday, October 15, 2019
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From festivals in Florida to touring Dracula’s digs in Romania, we round up the best destinations to visit this October. As summer abandons Europe again this October, eke out the last of the rays and raves in Ibiza, where nightclubs will be going out with a bang for the winter break. When the party finally stops head to the island’s north.

21 CSOs PETITION FINANCE MINISTER OVER 2bn SOLE-SOURCED CONTRACT

Twenty one Civil Society Groups have petitioned the Finance Minister Ken Ofori-Atta, over the GH¢2bn that has been reportedly saved through the review of sole-sourced and restrictive tendering contracts. Earlier this year, Mr. Ofori Atta while delivering the 2019 mid-year budget review in Parliament announced that some GH¢ 2.75 billion had been saved through thorough scrutiny of sole-sourced...

CAL BROKERS RESIGN FROM GSE

Cal Brokers Limited has resigned from the Ghana Stock Exchange (GSE). This will mean that after approval, Cal Brokers will cease to operate as a brokerage firm on the Ghana Stock Exchange. A statement announcing the intention said: “This is to inform the market and the general public that pursuant to Section 7 & 8 of the Ghana Stock Exchange...

GOV’T SIGNS $23.8 MILLION LOAN AGREEMENT WITH KUWAIT

The Minister of Finance,Ken Ofori Atta has signed a $23.8 million loan agreement with the Kuwait Fund for Arab Economic Development for the rehabilitation of the Dome-Kitase road. The project, when completed will connect the Accra-Kumasi road to the Accra-Aburi-Koforidua highway and provide an alternative route to road users thereby reducing traffic congestion on the two national roads. The...

CENTRAL BANK PEGS MOBILE MONEY CAPITAL REQUIREMENT AT 20million CEDIS

The Central Bank has pegged the minimum capital required for operating a mobile money company at GH¢20 million. The directive comes in the wake of the recently passed Payment Systems and Services Act, 2019 (Act 987) which provides a legal and regulatory framework for the orderly development of the country’s payment system. The central bank in a statement issued on...

NPA LOCKS UP RADIANCE FILLING STATION

The Volta Regional Directorate of the National Petroleum Authority (NPA) has locked up the tank and dispensers of the Radiance Petrol Filling Station in Ho. According to the Volta Regional Manager of NPA, Rashid Dawda, a customer reported of suspected adulterated product after filling his tank, which made the vehicle immobile. Officials of the NPA were subsequently dispatched to the...

NDUOM STEPS DOWN AS DIRECTOR OF GOLD COAST BROKERAGE

Dr.Papa Kwesi Nduom has stepped down as Director of Gold Coast Brokerage. In a circular to investors on Monday, September 10,2019, said Patrick Kwabena Enumel has also resigned from the company as a board member. It therefore indicated that "the following individuals have been appointed to the board of the company; Dr Olivia Anku-Tsede, Joseph Kusi-Tieku and Kwesi...

REVERSE RECENT INCREASES IN FUEL PRICES – COPEC GH DEMANDS

The Chamber of Petroleum Consumers (COPEC) is demanding government to immediately reverse recent increases in fuel prices in the country. The demand, comes on the back of reports that some Oil Marketing Companies (OMCs) across the country have increased pump prices effective September 1, 2019. According to COPEC, pump prices have shot up from the previous GHc 5.19 per litre to...

DR. NDUOM SUES BOG, 2 OTHERS

Chairman of Group Nduom, Papa Kwesi Nduom has sued the Central Bank; Finance Minister, Ken Ofori Atta; Attorney General, Gloria Akuffo; and Receiver for GN Savings and Loans, Eric Nana Nipah. He is seeking the court to among other things quash the decision of the Central Bank to revoke the license of GN Savings and Loans. In the writ, Mr....

“EXPECT GHANA’S FIRST TOYOTA-ASSEMBLED VEHICLE BY AUGUST 2020” – TOYOTA CEO TO PRESIDENT AKUFO-ADDO

The President and Chief Executive Officer of Toyota Tsusho Corporation, Ichiro Kashitani, has assured the President Nana Akufo-Addo, to expect the first Toyota vehicle to be assembled in Ghana to be outdoored by August 2020. Thanking the government of Ghana for its help and support towards the realization of this project, Mr. Ichiro Kashitani stated that “we...

“SDGs IMPLEMENTATION: GHANA WILL BE A SHINING EXAMPLE” – PRESIDENT AKUFO-ADDO

President Nana Akufo-Addo, says he is fully committed to making Ghana a shining example in the implementation of the seventeen (17) United Nations Sustainable Development Goals (SDGs) – Agenda 2030. Speaking at the Junior Chamber International’s 2019 symposium, on the sidelines of the 7th Tokyo International Conference on African Development, on Thursday, 29th August, 2019, President Akufo-Addo indicated...

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