Author: Krobea

The performance of the Cedi against the US Dollar under President Nana Addo Dankwa Akufo-Addo is the best since 2012, Minister of Finance Ken Ofori-Atta has stated. He said the year-on-year depreciation of the local currency against the Dollar was 4.9 per cent in 2017. And this, he further broke down, compares to 9.7 per cent in 2016, 15.7 per cent in 2015, 31.3 per cent in 2014 and 17.5 per cent in 2013. He said from the figure recorded so far, the Cedi is on a path to a strong performance under the Akufo-Addo-led government, better than the four…

Some youth from Asawase Zongo have stormed the Kumasi Central Mosque in the Ashanti Region, burning tyres in apparent protest to recent shootings of seven residents by the police. War songs are being chanted while road blocks have been mounted in front of the mosque. They are demanding justice for the killings, 3news.com picked up. The killing of some seven youth suspected to be armed robbers was not receive in good faith by families as at least three claim their deceased sons were innocent. READ: Police killed 7 innocent citizens; families dispute robbery claims But the police on Wednesday said…

Member of Parliament for Asawase Constituency Alhaji Mohammed Mubarak Muntaka is calling on the Vice President, Dr Mahamudu Bawumia, who is the Chairman of the Police Council, Minister of Interior Ambrose Dery and Attorney General Gloria Akuffo to constitute an independent committee to investigate the shooting of seven persons thought to be armed robbers in his constituency. Out of the seven killed, three have had their families protest the police action, saying their shot relatives were not armed robbers. Asokore Mampong Municipal Chief Executive Alhaji Halidu Seidu on Wednesday led the families to meet the police commander. READ: Police killed…

Member of Parliament for Dome-Kwabenya Constituency Sarah Adwoa Safo, who is also the Deputy Majority Leader, wrote to the National Health Insurance Authority (NHIA) in March for sponsorship on a training at Havard Kennedy School in the US. She was supposed to attend the training as chairperson of the women’s caucus of Parliament. “As the chairperson of the Women Caucus in Parliament, this program would enlighten and enhance my knowledge in leadership and governance,” Ms Safo, who is also the Minister of State in charge of Procurement, stated in a letter intercepted by 3news.com. She requested $8,500 for tuition as…

It may be recalled that Kuami Eugene was ‘busted’ for plagiarism when he released his ‘Confusion’ song. Malian singer Sidiki Diabate had released a French tune back in 2015 from which Kuami Eugene seems to have sampled rhythm and translated lyrics. READ: Confusion rocks Kuami Eugene’s ‘Confusion’ as similarities drawn with ‘Fais moi Confiance’ by Malian Sidiki The ‘Angela’ hit-maker is in the news again for ‘dabbing’ the lyrics of Nigerian rapper Ice Prince for his ‘Wish Me Well’ song. In an interview with Mr El on Connect FM’s mid-morning show Adwumapamere, Kofi Kinaata initially refused to pass a comment.…

New Chelsea boss Maurizio Sarri says he wants to keep Eden Hazard at the club and “improve” the Belgium forward. Hazard, who has been linked with Real Madrid, said last weekend “it might be time to discover something different” after six years at Stamford Bridge. Sarri, speaking at a news conference on Wednesday, described Hazard as “one of the top two or three European players”. The former Napoli boss said: “Hazard is a very high-level player. I hope that I will manage to improve him.” Roberto Martinez, the Belgium manager, told Spanish radio recently that Hazard should consider leaving Chelsea…

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…