Author: newsfilegh

Government has described as successful, the issuance of the 3 billion-dollar eurobond at record rate, stating it indicates a vote of confidence in the Ghanaian economic resurgence. Ghana on Tuesday successfully issued 3 billion dollars in a single transaction of three tranches. At the close of a road show in London, the appetite for the 2019 sovereign bond had swelled resulting in orders totaling 21 billion dollars, about seven times more than the expected. Addressing Journalists in Accra, Minister of Information Kojo Oppong Nkrumah said the government’s assertion that the feat represents a vote of confidence is founded on three…

Government has described as successful, the issuance of the 3 billion-dollar eurobond at record rate, stating it indicates a vote of confidence in the Ghanaian economic resurgence. Ghana on Tuesday successfully issued 3 billion dollars in a single transaction of three tranches. At the close of a road show in London, the appetite for the 2019 sovereign bond had swelled resulting in orders totaling 21 billion dollars, about seven times more than the expected. Addressing Journalists in Accra, Minister of Information Kojo Oppong Nkrumah said the government’s assertion that the feat represents a vote of confidence is founded on three…

Government says a total of 14,160 trained teachers from various Colleges of Education were posted by the Ghana Education Service in 2017, Education Minister Dr Mathew Opoku Prempeh has told parliament. The figure, he said, was made up of 11,733 graduates from public colleges of education and 2,427 from the private colleges. He said this while answering question from the ranking member on Education, Peter Nortsu on the floor of the House Tuesday.“This was the first time ever that graduates of the private colleges of education [were] directly posted by the Ghana Education Service,” the minister stated. Dr. Opoku Prempeh…

It appears the about 8,000 recently recruited by the government to facilitate the implementation of the controversial double track system as well as teachers who have received upgrades and promotions will have to wait a little longer to get their salaries. The GES on Wednesday admitted government’s failure to pay the teachers, citing payroll system challenges as the cause, claiming they were being worked on, but could not tell when the affected teachers will be paid except to say “due course”. Five months after their employment and postings, the newly recruited teachers have not been paid salaries; something they said…

It appears the about 8,000 recently recruited by the government to facilitate the implementation of the controversial double track system as well as teachers who have received upgrades and promotions will have to wait a little longer to get their salaries. The GES on Wednesday admitted government’s failure to pay the teachers, citing payroll system challenges as the cause, claiming they were being worked on, but could not tell when the affected teachers will be paid except to say “due course”. Five months after their employment and postings, the newly recruited teachers have not been paid salaries; something they said…

The International Monetary Fund is urging the government of Ghana to carry on with the financial sector clean up to improve its credit rating. The advice comes as the country ends its Extended Credit Facility agreement with the Briton Wood institution this year. A statement on the eighth review of the facility by the IMF Executive Board on Wednesday lauded Ghana for the recent clean up in its banking sector which cost the state about 13 billion cedis. The Bank of Ghana reduced the number of banks from 33 to 23 after a recapitalization exercise which set the minimum capital…

The International Monetary Fund is urging the government of Ghana to carry on with the financial sector clean up to improve its credit rating. The advice comes as the country ends its Extended Credit Facility agreement with the Briton Wood institution this year. A statement on the eighth review of the facility by the IMF Executive Board on Wednesday lauded Ghana for the recent clean up in its banking sector which cost the state about 13 billion cedis. The Bank of Ghana reduced the number of banks from 33 to 23 after a recapitalization exercise which set the minimum capital…

New Zealand will ban all types of semi-automatic weapons and assault rifles following the Christchurch attacks, Prime Minister Jacinda Ardern has said. The announcement comes less than a week after 50 people were killed at two mosques, allegedly by a lone gunman. Ms Ardern said she expected new legislation to be in place by 11 April, saying: “Our history changed forever. Now, our laws will too.” All of the dead have now been formally identified, police have confirmed. Australian Brenton Tarrant, a self-proclaimed white supremacist, has been charged with one murder and was expected to face further charges. However, police…

Two drivers, who conspired to assault and robbed a taxi driver of his cab were on Wednesday sentenced to a total of forty years imprisonment in hard labour for robbery They had used powdered pepper unto the eyes of the cab driver before robbing him of his taxi, mobile phone and cash. A Kumasi Circuit Court convicted the two Clement Kwadwo Senyanta and Bright Avornyo, after they had pleaded guilty to the charges of conspiracy to commit robbery and robbery convicted them on their own plea to 20 years imprisonment each. Prosecuting, ASP Florence Adda, told the Court presided over…

A human rights group is alleging the Police claim it does not know the whereabouts of the commercial bus (trotro) driver and his conductor arrested for allegedly assaulting a police officer in Accra. According to the Human Rights Advocacy Centre (HRAC), though the Odorkor District Police claims to have transferred the two from their custody to the police headquarters in Accra, officials at the headquarters also denied receiving the accused persons. The driver, Francis Buabeng, and his mate, Albert Ansah, were arrested last week after they were captured in video exchanging blows with a uniformed police officer at a bus…