Author: Krobea

The Turkish government has ended the nationwide state of emergency that was imposed two years ago after a failed coup attempt, state media say. Under the state of emergency, tens of thousands of people were arrested or dismissed from their jobs. However the government has decided against extending it again after seven three-month renewals. The decision comes weeks after President Recep Tayyip Erdogan won re-election. During the campaign, opposition candidates said that the first thing they would do if they won would be to end the state of emergency. More than 107,000 people have been removed from public sector jobs…

The Managing Director of the Ghana Stock Exchange, Kofi Yamoah, says the suspension of trading in the shares of adb Bank is for information to sip through to the general investing public. “When there is information asymmetry, the market can be abused, investors can be abused, and so between now and close of Thursday, we believe it is a sufficient time for the information to sip through and for people to seek clarity.” Explaining to journalists at the Ghana Stock Exchange on the annulment of the shares in adb by the Bank of Ghana, Mr Yamoah said some liquidity support…

Following the annulment of the acquisition of shares in adb Bank by the Bank of Ghana (BoG) and its subsequent suspension of trading of shares in the equity, investment bankers and analysts  have begun asking questions. The Managing Director of FirstBanC Brokerage, Edem Akpenyo, said the move by BoG has opened up a lot of questions which need to be answered. According to him, full facts of the case are needed and that the Central Bank needs to offer more information on pre-acquisition and post-annulment of the shares. According to Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930), an investor cannot…

Ghana Premier League champions Aduana Stars recorded their first win in the group phase of the 2018 CAF Confederation Cup on Wednesday with a 2-1 home result against DR Congo’s AS Vita Club. Goals from Bright Adjei and Yahaya Mohammed early in the game at the Nana Agyemang Badu I Park was what the Dormaa-based side needed as they sought their first maximum points. But AS Vita, who sat on top Group A going into Wednesday’s game, turned the tables to pile pressure on the Ghanaians. This paid off within minutes as Glody Muzinga halved the deficit in the 26th…

The Ghana Investment Promotion Centre (GIPC) is organizing the second edition of the Young Entrepreneurs’ Forum at the Labadi Beach Hotel on July 25-26. The two-day forum, expected to bring together over 300 participants, will be on the theme: ‘Connect. Accelerate. Grow: Phase II’. It is intended to provide a platform to continue the sensitization process of sharing GIPC’s strategy and provisions of the GIPC ACT 865, the benefits they can derive from it and create an avenue for captains of industry to interact with young entrepreneurs through building a sustained avenue for mentorship. It will also focus on promoting…

The National Democratic Congress (NDC) says it is still resolute in its resistance to attempts by the Nana Akufo-Addo-led government to subvert the electoral process with the sacking of three commissioners of the Electoral Commission, Ghana (EC). Its National Chairman, Kofi Portuphy, has indicated that there is growing restlessness among the rank and file of the party over the decision by President Nana Addo Dankwa Akufo-Addo to remove Charlotte Osei and her two deputies from office. But he stated that calm should remain until after the funeral of former Vice President Paa Kwesi Bekoe Amissah-Arthur. “We wish to affirm our…

All referrals to the newly opened University of Ghana Medical Centre (UGMC) will be treated for free for the next two weeks, management has announced. Chairman of the Interim Management Committee (IMC) Dr Anarfi Asamoah-Baah announced this at a short ceremony to open the facility on Wednesday. The 650-bed facility built at a cost of $217 million will only attend to referrals, for now. Twenty health workers are starting work with the number expected to shore up in the coming days. Addressing journalists, a member of the IMC, Dr Darius Osei, who will act as Chief Executive Officer (CEO), appealed…

Chief Executive Officer of the National Health Insurance Authority (NHIA) Dr Samuel Annor says the memo by his deputy in charge of marketing authorizing the approval of payments to government communicators is part of the Authority’s new policy. The memo, which is making rounds on social media, reveals a total of GH¢62,370 was given to about 65 persons said to be members of the Government Communications Team in April “to formally educate [the public] on NHIS policies and comprehensively explain management’s new proposals to enhance the work of the Scheme”. The venue for the meeting to educate the Team cost over…

Twelve boys and their football coach who were rescued from a flooded cave in northern Thailand are due to leave hospital and return home. They have been in a Chiang Rai hospital since last week, when they were pulled from the Tham Luang cave complex in a dramatic three-day operation The group will make their first public appearance at a news conference and answer questions about their ordeal. After that they will go back to their homes and families, officials say. “The reason to hold this evening press conference is so media can ask them questions and after that they…

The producer of rib-cracking stage plays like The Ladder, Flagstaff and Legon Comedy, Nyansapo Productions is back with another thrilling and hilarious masterpiece titled ‘If God is Ghanaian’. ‘If God is Ghanaian’ tells the story of a compound house with a no-nonsense landlord who collects money to pay bills but does not provide the services the tenants are paying for. In a house full of men with different professions, how will they cope with the introduction of a mysterious lady on the compound by the landlord? The play explores the typical landlord-tenant relationship, people with different professions and how they…