Author: newsfilegh

Ghanaian entrepreneur, and Chief Executive Officer of multi businesses, YOKS Investments Limited, Seth Yeboah Ocran, may just be personification of the proverbial moving from grass to grace. His upbringing, growth, struggles, rise and eventual success in this life can only be captured under 3FM’s Road to Glory segment of the morning show, a novelty which tells the story of successful people. It may have been a wild ambition for Seth, then a 14-year-old orphan to dream of owning a very successful business in the near future, but that has come to pass, now without challenges though. Speaking to host of…

The Executive Director of the Ghana Microfinance Institutions Network (GHAMFIN), Yaw Gyamfi, has described the revocation of licenses of 347 microfinance companies as one that is necessary but a headache to the industry. The central bank on Friday, May 31, 2019 revoked the licenses of these 347 microfinance institutions in the country on grounds of being insolvent with others having already ceased operations for various reasons. The BoG has assured depositors will be reimbursed via receivership process. BoG revokes licences of 386 micro-finance and micro-credit institutions Commenting on the issue on Onua FM Thursday June 6, Mr. Gyamfi confirmed that…

The Executive Director of the Ghana Microfinance Institutions Network (GHAMFIN), Yaw Gyamfi, has described the revocation of licenses of 347 microfinance companies as one that is necessary but a headache to the industry. The central bank on Friday, May 31, 2019 revoked the licenses of these 347 microfinance institutions in the country on grounds of being insolvent with others having already ceased operations for various reasons. The BoG has assured depositors will be reimbursed via receivership process. BoG revokes licences of 386 micro-finance and micro-credit institutions Commenting on the issue on Onua FM Thursday June 6, Mr. Gyamfi confirmed that…

The Canadian government has issued alert to its citizens in Ghana to step up their security in the wake of Tuesday’s kidnapping of two of its nationals in the Ashanti regional capital, Kumasi. 3News on Wednesday broke the news of the two Canadian women kidnapped at Ahodwo on Tuesday at about 8:25pm. The women, one of whose name has been given as Lauren, were forced into a vehicle just when they stepped out of their apartment at Silver Spring Avenue. 2 Canadian women kidnapped in Kumasi The Police have confirmed the incident, stating investigations have commenced in earnest in a…

The Minority National Democratic Congress in Parliament has likened the “excessive borrowing” of the Akufo-Addo-led government to an “epidemic”, and yet the government in Minority’s assessment has nothing to show for it. The New Patriotic Party government is said to have added at least 80 billion cedis to the national debt within 27 months in office. The Bank of Ghana in May said the stock of public debt rose to 57.5 percent of GDP, that is GH¢198 billion at the end of March 2019. Ranking Member on the Finance Committee, Cassiel Ato Forson told journalists at a media briefing on…

Cassiel Ato Forson[/caption] The Minority National Democratic Congress in Parliament has likened the “excessive borrowing” of the Akufo-Addo-led government to an “epidemic”, and yet the government in Minority’s assessment has nothing to show for it. The New Patriotic Party government is said to have added at least 80 billion cedis to the national debt within 27 months in office. The Bank of Ghana in May said the stock of public debt rose to 57.5 percent of GDP, that is GH¢198 billion at the end of March 2019. Ranking Member on the Finance Committee, Cassiel Ato Forson told journalists at a…

Communications Minister Mrs Ursula Owusu-Ekuful[/caption] The Ministry of Communications is developing an Open Data Portal as part of its implementation of the eTransform Project and has organised a 4-day Data Upload Challenge and a Hackathon under the Ghana Open Data Initiative to make government data open and accessible to all for free. The event which was organised in collaboration with MobileWeb Ghana and was held from the 2- 5 April, 2019 at the Kofi Annan Centre of Excellence in ICT (KACE) had about a hundred and thirty (130) participants from MDAs, Civil Society, Academia and Application developers to interact with…

Residents within the Nzema East Municipality of the Western Region are being denied access to healthcare due to inaccessible road network to health facilities in the area. Worsening road network within the municipality over the years is said to be causing outrageous increase in population in the area as women in their reproductive ages lack information on family planning, according to Hɛn Mpoano, a nongovernmental organisation. The said population increment, the NGO said, is not proportional to the area’s natural resources, a situation it described as worrying. On the back of this, it has launched a health and environmental project…

Background In 2018, Ghana’s parliament approved a $2bn Ghana-Sinohydro infrastructure agreement. The government of Ghana together with Sinohydro Group Limited of China signed a $2 billion bauxite barter deal in exchange of refined bauxite from Atewa, Awaso, and Nyinahini. The Ghana Integrated Aluminum Corporation (GAIDEC) has estimated that Nyinahin, Awaso, and Atewa has about 750 million,20 million and 150 million metric tonnes of bauxite reserves respectively. The bauxite deposit is estimated to be valued at $400 billion. This forms part of a Master Project Support Agreement (MPSA) for construction of priority infrastructure projects. Government is to provide the 15%…

Aisha Huang failed to meet her bail conditions[/caption] INTRODUCTION As a republic, Ghana has the responsibility to legislate primary laws to regulate the behaviour of Ghanaians and foreigners who are within her territorial borders and sanction offenders of such laws with secondary legal provisions. The nation has exercised these powers through, among other things, the passage of the Minerals and Mining Laws and the prosecution of those who conflict this law. Mining in Ghana is to conform to the Mineral and Mining Law of 1986 (PNDC Law 153), as amended by the Mineral and Mining (Amendment) Act of 1994 (Act…