Author: Krobea

World number one Simona Halep’s first match in more than three months ended in defeat by Australia’s Ashleigh Barty at the Sydney International. The Romanian, who cut short her 2018 season with a back injury, was beaten 6-4 6-4 by the world number 15 in the second round after a first-round bye. French Open champion Halep, 27, who was runner-up at last year’s Australian Open, has started 2019 without a coach. The first Grand Slam of the year starts in Melbourne on Monday. Barty fired 26 winners on her way to her first victory over a world number one. She…

Former President John Dramani Mahama has described as appalling efforts by President Nana Addo Dankwa Akufo-Addo in fighting corruption as promised in the 2016 electioneering campaign period. According to Mr Mahama, the president is not matching his promise with delivery when it comes to corruption. He made this known on Tuesday while addressing delegates of the National Democratic Congress (NDC) at Axim in the Evalue-Gwira Constituency of the Western Region. The immediate past president is on a five-day campaign tour of the Western Region. Mahama begins last phase of campaign He told the delegates that President Akufo-Addo has consistently cleared…

Warrants have been issued in the name of the president to have Nana Appiah Mensah, the beleaguered Chief Executive Officer of gold-trading firm Menzgold Ghana Limited, and all the other directors arrested. The warrants were issued on Wednesday, January 9 and signed by a circuit court judge. They have been accused en masse of defrauding by false pretences contrary to Section 131 of Act 29/60. The warrants sighted by 3news.com so far are for the arrest of Mr Mensah, Rose Tetteh and Benedicta Appiah. The Inspector General of Police (IGP), any other officer and other officers of the court have been…

World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post. His resignation will take effect from 1 February. Mr Kim, 59, was not due to leave until 2022, after he was re-elected for a second five-year term in 2017. He will “join a firm and focus on increasing infrastructure investments in developing countries”, the World Bank said. In a statement, Mr Kim said: “It has been a great honour to serve as President of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme…

President Nana Addo Dankwa Akufo-Addo has by Executive Instrument established the Financial Stability Council to, among others, strengthen and reinforce the stability of the financial sector. The Council will bring together all financial regulators including the Bank of Ghana (BoG), the Securities and Exchange Commission (SEC), National Insurance Commission (NIC) and the National Pensions Regulatory Authority (NPRA). The major aim of the Council, which will act as an inter-institutional consultative coordination body, is to coordinate regulation and supervision at the micro-level by focusing on matters of common concern for the various financial regulators involved in the regulation and supervision of…

The supercar-driving director of one of Britain’s biggest legal aid law firms has been ordered to pay back £22 million made from ‘thousands of fake claims’. John Blavo’s firm, Blavo & Co Solicitors, was closed in 2015 by the Solicitors Regulation Authority when concerns were raised about its huge legal claims. An criminal investigation into the fraud – which is still ongoing – was then launched by the Metropolitan Police, the Times reported. But a High Court judge has now ruled that Blavo’s firm entertained an ‘endemic’ culture of dishonesty and ‘systematic fraud’ after making thousands of false claims on the…

Former President John Dramani Mahama has congratulated the people of the northern part of the Western Region for the peaceful nature with which they voted in the December 28 referendum to have the Western North Region. Addressing members of the National Democratic Congress (NDC) in Sefwi Juaboso on Saturday, Mr Mahama said the processes leading to the creation of regions are mere formalities. He said the holding of a referendum, for instance, is a must in the creation of a new region. Voters gave a whopping 99.5 per cent endorsement to the new region. But Mr Mahama said, in local…

Hollywood is gearing up for the 76th annual Golden Globe Awards, which take place in Los Angeles on Sunday night. Leading the nominations this year is Vice – a satirical biopic of former US Vice-President Dick Cheney – which has six. A Star Is Born, which stars Lady Gaga and Bradley Cooper, has five nods, as do The Favourite and Green Book. Mary Poppins Returns and Spike Lee’s BlackkKlansman have four apiece. Here are some of the stories to look out for at the ceremony, which takes place at 1700 PST Sunday/0100 GMT Monday. A Star Is Born will shine…

The National Cathedral Secretariat has described as false a news item making rounds that the gay community in Ghana has donated to the cause of the project. The reports said the community through its UK counterpart, UK LGBT Association, donated $25 million to support the construction of the national cathedral of Ghana. “This news item, which does not provide the date, nor the recipient, of the said donation, is a concoction of the fictitious author,” a statement issued by the Executive Director, Dr Paul Opoku-Mensah, said. It stressed that the Secretariat has not received any such donation from “the so-called…

President Nana Addo Dankwa Akufo-Addo has appointed former Governor of the Bank of Ghana, Dr. Paul Acquah as Chairman of the newly established Fiscal Council. President Akufo-Addo established by Executive Instrument the Fiscal Council and Financial Stability Council in December 2018. The Financial Stability Council is to enhance the stability and soundness of the financial system.  At the same time, government, through Parliament has enacted a Fiscal Responsibility Act to, inter Alia, tie the hands of politicians by limiting them to a budget deficit in any year not to exceed 5% of GDP. With this, Ghana becomes the first and…