Author: newsfilegh

Founder of defunct Capital Bank William Ato Essien and three others have pleaded not guiltily to 26 charges including stealing of various sums in excess of ¢260 million. The three are Managing Director of MC Management Services Ltd, Dr Tetteh Nettey; former CEO of the Bank, Fitzgerald Odonkor and CEO of Reroy Cables Ltd, Kate Quartey-Papafio. Attorney General Gloria Akuffo presented the facts of the case to an Accra High Court presided over by Justice Eric Kyei Baffour. She told the court that liquidity support amounting to ¢620 million handed by the BoG to revive Capital Bank was appropriated (¢27million) and transferred to various companies…

After five major payments providers pulled out last week, Facebook’s Libra currency project looked to be on the rocks. But the remaining members have insisted it’s full steam ahead. The 21 founding companies in the Libra Association – down from 28 when the project was first announced – met for the first time in Geneva on Monday. A spokesman told the BBC he believed the currency was still on track to launch next year. But, he added, it would only do so if suitable regulatory approval had been granted. It comes after a stern warning from the G7 group of nations…

A total of 59 per cent of Ghanaians are denied access to basic hygiene facilities, a situation that is threatening the health and lives of the people. WaterAid Ghana in a statement to mark Global Handwashing Day said despite the critical importance of hygiene in healthcare, 29 per cent of all healthcare facilities do not have access to water. Diarrhoea linked to lack of water, sanitation and hygiene (WASH) claimed the lives of 6 children in Ghana every day in 2017, it said. It said simple act of hand washing with soap and water can reduce cases of diarrhoea by…

The Inspector General of Police has announced new measures to curb police unprofessional conducts on the roads across the country following widespread complaints. A statement issued Tuesday directed that various police teams on traffic duties, highway patrols, barrier duties among others, must with immediate effect, be led by a senior police officer at every duty point where they are assigned. “Senior police officers supervising such duties should make themselves readily accessible to the public in order to receive complaints relating to extortion, deliberate delays of motorists, the use of uncivil language as well as publicly making political statements that have…

Nominations for the historic first edition of Ghana Cocoa Awards (GCA) have opened from 20th September till 31st October, 2019. The GCA is a cocoa industry excellence motivation initiative organised by VC Media with support from strategic industry partners. “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 added, “honouring the hardworking actors and true heroes of Ghana’s economic backbone is very relevant in appreciating their contribution to the economy and national development, and to spur them on for even greater…

Thousands of customers whose millions of funds are locked up with Gold Coast Fund Management will this morning hits the streets of Accra and across the country to push for government intervention in retrieving their funds. The investment firm, which appears to be in liquidity crisis, has in the last year been struggling pay its customers’ investments and interest on same, failing its payment obligations to customers and investors. On the back of that, customers who form the Aggrieved Customers of Gold Coast Fund Management will today, October 15 embark on protest in Accra starting from the Obra Spot at…

A government delegation led by the Finance Minister, Ken Ofori-Atta, and the Minister of Energy, John Peter Amewu, last week undertook consultations with the government of the Philippines with a view to deepening the over 60-year relationship between the two nations. Over the two-day mission, the Ghanaian delegation met with the Philippine Secretary of Energy, Alfonso C. Cusi, Secretary of Finance Carlos G. Dominguez as well as representatives of the Manila Electric Company. The Ghanaians were accorded the honour of opening the Philippines Stock Exchange last Friday by the President and CEO of the Philippine Stock Exchange, Ramon S. Monzon.…

 The US has sanctioned two Turkish ministries and three senior government officials in response to the country’s military offensive in northern Syria. President Donald Trump also phoned his Turkish counterpart Recep Tayyip Erdogan to demand an immediate truce, Vice-President Mike Pence said. Mr Pence said he would travel to the region “as quickly as possible”. Syria’s army earlier entered areas in the north-east. This could result in a confrontation with Turkish-led forces. The Syrian army deployment followed a deal with Kurdish-led forces, who until last week were US allies. Turkey says its offensive aims to push Kurdish forces from…

Leadership of law students across the country on Tuesday successfully petitioned President Nana Akufo-Addo to trigger reforms in legal education after an initial attempt failed a week ago due to police brutalities. Police personnel on October 7 used brute force to prevent the law students from presenting a petition summing up their grievances on legal education to Nana Akufo-Addo at the Jubilee House, claiming the students did not have permission though contrary evidence was provided. Rubber bullets and dents refused insisting they will only do that if their arrested colleagues were released.teargas were fired and water sprayed on the protesters…