Author: Krobea

The Bank of Ghana has maintained the monetary policy rate at 21 per cent. After a meeting of the Monetary Policy Committee (MPC) on Monday, Chairman Dr Ernest Addison, who is also the Governor of the Bank, announced the decision, citing factors such as a marked hike in the price of gold to a weak dollar. “Cocoa prices have, however, remained depressed from excess supply due to favourable weather patterns across the West African sub-region, even as demand continues to remain weak,” a statement from the Bank added. Find the statement below: Global growth momentum has strengthened further since the…

La Cote d’Ivoire did try to bring Togo and Benin into the maritime border dispute it had with Ghana, a former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC) has disclosed. The Ivorian authorities wanted the equidistance approach by Ghana rejected by ITLOS, Tsatsu Tsikata narrates, so that the outcome does not have negative consequences on the Ghana-Togo maritime border. But the International Tribunal for the Law of the Sea cleared the air that the adjudicating for the implementation of only the two neighbouring countries, the astute lawyer said. He added that the Special Chamber of ITLOS said…

READ: ITLOS rules in Ghana’s favour but issues operative clauses

Former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC) Tsatsu Tsikata has confirmed that the weekend’s decision by the International Tribunal for the Law of the Sea (ITLOS) gives Ghana more maritime territory. “Essentially in net terms, Ghana actually gains more maritime territory especially as you go further into the deep waters.” But he admitted that most of the continental shelf in which the Tweneboa-Enyenra-Ntomme (TEN) Fields were found would have gone to La Cote d’Ivoire if their submission of the angle bisector approach to the maritime boundary had been accepted by the Tribunal. The renowned lawyer made…

The United States has expanded its controversial travel ban to include people from North Korea, Venezuela and Chad. The White House said the restrictions follow a review of information sharing by foreign governments. Donald Trump issued a presidential proclamation late on Sunday. “Making America safe is my number one priority. We will not admit those into our country we cannot safely vet,” Mr Trump said. The restrictions on Venezuelans apply only to government officials and their family members. The three new countries join five others from Mr Trump’s original travel ban: Iran, Libya, Syria, Yemen, and Somalia. But the new…

Community Resources Management Areas (CREMA) members in Kayaro and Nakong in the Kassena Nankana West District of the Upper East Region say they will resist any attempt by any person or company assigned by the Forestry Commission to fell rosewood trees in the area and are ready to seek redress at the law courts. CREMA members numbering about 150 last year arrested four chain saw operators and handed them over to the Navrongo police. For the past two years, illegal logging of rosewood trees in the Region has taken center stage, destroying forest reserves and driving wild life species away.…

Omanhen of Twifo Traditional Area in the Central Region Dr Nana Appiah Nuamah ll has tasked the country’s leaders to have vision and ideas to drive the canker of poverty out of the country. He expressed worry that many countries in the world are still struggling to achieve their goals due to bad implementation of policies and, tacitly, lack of proper vision by their leaders. Speaking at a ceremony to confer on him an honorary doctorate degree, the Omanhen commended President Nana Addo Dankwa Akufo-Addo for his vision and courage to roll out of the Free Senior High School Programme.…

Brong Ahafo Region’s representative in this year’s Ghana’s Most Beautiful Adom got everybody including judges on their feet on Sunday, when she treated them to songs from highlife to hiplife. It was Week 6 of the beauty reality show and the contestants were to display their talents. Born Juliet Mensah, Adom started her performance with a gospel song and ended with Shatta Wale’s Ayoo. No wonder she was named the Star Performer of the night with “maximum points” from the two judges Linda Ampah and Oscar Provencal. She also scooped the Best Dressed award to cap a night in which…

German Chancellor Angela Merkel has been re-elected for a fourth term while nationalists have made a historic breakthrough in federal elections, exit polls suggest. Support for her conservative CDU/CSU alliance has dwindled but the bloc will remain the largest in the parliament. Its current coalition partner, the social democratic SPD, says it will go into opposition following big losses. The nationalist AfD is on track to become the third party. The performance, better than forecast in opinion polls, means the right-wing, anti-Islam party will have seats in the Bundestag for the first time. Dozens of protesters have gathered outside the…

Former President John Dramani Mahama has taken pride in the favourable outcome of the maritime border impasse between Ghana and La Cote d’Ivoire at the International Tribunal for the law of the Sea (ITLOS). He reckons that though it was difficult taking the matter to court at first given the cordial relationship between the two countries, the result makes him glad as “I received the news with great joy”. ITLOS on Saturday delivered judgement in Ghana’s favour in Hamburg, Germany after four years of litigation. “This was a difficult decision especially considering the very excellent relations established between our two…