Author: newsfilegh

Energy Minister, John Peter Amewu has denied assertions by the opposition NDC that government has ceded 30 percent of Meralco’s shares in Power Distribution Services (PDS) to Meridian Power Ventures. General Secretary of the NDC, Johnson Aseidu Nketia Thursday that government has restructured the PDS agreement, accusing the Akufo-Addo-led government of “trampling” the constitution of Ghana. He demanded that the government immediately explain to Ghanaians how come Hong Kong-based Meridian Power Ventures has taken over from Philippines-based Meralco to the extent that the former is calling on foreign shareholders to hold an emergency board meeting. Read: Akufo-Addo held secret meetings with…

Energy Minister, John Peter Amewu has denied assertions by the opposition NDC that government has ceded 30 percent of Meralco’s shares in Power Distribution Services (PDS) to Meridian Power Ventures. General Secretary of the NDC, Johnson Aseidu Nketia Thursday that government has restructured the PDS agreement, accusing the Akufo-Addo-led government of “trampling” the constitution of Ghana. He demanded that the government immediately explain to Ghanaians how come Hong Kong-based Meridian Power Ventures has taken over from Philippines-based Meralco to the extent that the former is calling on foreign shareholders to hold an emergency board meeting. Read: Akufo-Addo held secret meetings with…

This week, the Minister for Communications, Madam Ursula Owusu-Ekuful has been talking tough. It has been towards the telecommunications networks who started deducting in an upfront way, the increment in the communication service tax (CST). The tax popularly known among many as the talk tax was reviewed from 6% to 9%. The Minster describes the instant deduction as ‘into-the-face’ of consumers and a breach in standard practices like how similar taxes as VAT, NHIL, GETFUND levy are charged. On the other hand, lawyers and some industry players say the directive will yield very little action from the telcos because increment…

The MP for Bolgatanga Central, Mr Isaac Adongo has accused the Bank of Ghana Governor, Dr Ernest Addison of double standards as far as the revocation of the licence of Heritage Bank is concerned. According to the opposition lawmaker, Dr Addison tried forcing Heritage Bank to merge with UMB three weeks prior to the revocation of the licence of Mr Agongo’s bank on grounds that he was being prosecuted in a criminal case, thus, failed the fit-and-proper test. At a presentation at Takoradi Technical University on Thursday, 17 October 2019, Mr Adongo said: “Three weeks before the revocation of the…

The MP for Bolgatanga Central, Mr Isaac Adongo has accused the Bank of Ghana Governor, Dr Ernest Addison of double standards as far as the revocation of the licence of Heritage Bank is concerned. According to the opposition lawmaker, Dr Addison tried forcing Heritage Bank to merge with UMB three weeks prior to the revocation of the licence of Mr Agongo’s bank on grounds that he was being prosecuted in a criminal case, thus, failed the fit-and-proper test. At a presentation at Takoradi Technical University on Thursday, 17 October 2019, Mr Adongo said: “Three weeks before the revocation of the…

The office of the Attorney General has dropped all charges against four out of the eight persons arrested for allegedly kidnapping two Canadian girls in Kumasi. The four were initially charged for allegedly conspiring with the rest to kidnap the young ladies who were in the country for humanitarian purposes and later demanded a ransom of $800,000 from their parents. They pleaded not guilty to the charges and had right from the beginning of the trial maintained their innocence. Among the four who have been discharged by the court is Seidu Abubakari aka Nba who was initially suspected to be…

The International Monitory Fund (IMF) has been part of Ghana’s underdevelopment story since the 1960s. Most of the advice they have given to Ghana has worsen her development process compared to any other organization across the globe. This is because the kind of advice provided by IMF is only to strengthen their neocolonial economic architecture at the expense of the ordinary Ghanaian. The World Bank/IMF advice given to the government of Ghana in the 1980s collapsed most of our industries, now making us an import driven economy, where most of our consumables are imported. They advised us to open our…

Vice President Dr Mahamudu Bawumia is scheduled to grace the historic first edition of Ghana Cocoa Awards (GCA) scheduled for November 22, 2019 in Accra. Nominations for the GCA opened September 20 and due to close on October 31, 2019. GCA is an excellence motivation initiative for the Ghana cocoa industry and organised by VC Media with support from strategic industry partners including ECOM Ghana, Solidaridad West Africa and The Hershey Company. “With over 30 Awards, the GCA would be honouring the true heroes behind Ghana’s economic backbone”, a statement signed by Founder and Events Director, Kojo Hayford noted. Mr. Hayford…

Vice President Dr Mahamudu Bawumia is scheduled to grace the historic first edition of Ghana Cocoa Awards (GCA) scheduled for November 22, 2019 in Accra. Nominations for the GCA opened September 20 and due to close on October 31, 2019. GCA is an excellence motivation initiative for the Ghana cocoa industry and organised by VC Media with support from strategic industry partners including ECOM Ghana, Solidaridad West Africa and The Hershey Company. “With over 30 Awards, the GCA would be honouring the true heroes behind Ghana’s economic backbone”, a statement signed by Founder and Events Director, Kojo Hayford noted. Mr. Hayford…

Key public and private sector actors in the energy sector will convene in Accra on October 22 for the third annual Sustainable Energy Forum. Hosted by ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE), the event will see the experts develop financial opportunities and economic incentives to address West Africa region´s most pressing energy challenges. President Nana Akufo-Addo and the President of ECOWAS Commission are scheduled to attend the forum which will also provide a platform for improving the policy and regulatory landscape for private sector investment in the energy sector. Attendees will be able to liaise with financiers…