Author: newsfilegh

A 63-year woman has died of a seeming shock upon seeing the condition of a 14-year-old boy who was allegedly brutalised the Police at Agona-Nkwanta in the Western Region. The boy, who is now experiencing pains in his jaw, was said to have been invited to the Police Station for allegedly fighting with his schoolmate who is the daughter of a police woman. Benjamin William Peters of Takoradi-based Connect FM reports that on Friday, June 16, 2017, a misunderstanding ensued between the boy and his schoolmate who is the girls’ prefect of Abura DA School. The girl was said to…

Government has announced measures to increase cocoa production to one million metric tonnes as it improves the local processing of the beans to 50 percent. Deputy Minister of Food and Agriculture in charge of perennial crops, William Quaittoo, says measures have been put in place to achieve the goal indicating that Ghana has about seven major cocoa processing firms currently in operations, including the Ghana Cocoa Processing Company. Despite efforts targeted at adding value to the country’s cocoa before exporting, the country still exports about 80 percent of its raw cocoa beans, losing a lot of foreign earnings. Government’s aim…

The Africa Centre for Energy Policy (ACEP) has rejected BOST’s position that there is no off-spec oil on the market,  insisting that its Executive Director’s personal experience with contaminated oil is evident enough to prove that the product is  on the Ghanaian market. ACEP has been at the forefront of calls on the chief executive of Bulk Oil Storage and Transportation Company Limited (BOST), Alfred Obeng to step aside for full-scale investigations into the alleged contaminated oil. The Minority in Parliament has also made calls to that effect. But the BOST issued a release to deny reports of the contaminated…

Local plastic manufacturers say their businesses are being threatened by the volume of foreign plastic importation into the country. They are warning the situation would wipe them out of business in no time should the government fail to regulate plastic importation which has moved from 12,000 tonnes to a 120,000 tonnes between 2015 and 2017. “We are projecting that if the trend of unbridled plastic imports is not checked, most especially by the government agency in charge, the import share will take over the local production,” Executive Secretary of the Ghana Plastic Manufacturers Association Mr Daniel Tornyegah, said. Speaking to…

Introduction There are growing concerns that the rising non-performing loan (NPLs) on the books of some banks in Ghana threatens their existence and depositor’s funds. There is the need for immediate enhanced ways of dealing with these bad loans on the financial of the banks to avert their collapse. The latest Bank of Ghana financial stability report revealed that the non-performing loans has hit GHS6.1 billion over the last year, this represents 70% increase of the 2015 figure of GHS3.6billion. This is a worrying developments that needs immediate attention to protect the integrity and dignity of our banking system. This…

The Minister of Youth and Sports, Isaac Asiamah, today led a team comprising of leaders of the Ghana League Clubs Association and the National Sports Authority to present the trophy at stake for Sunday’s President’s Cup match to Vice President Mahamudu Bawumia at the Flagstaff House today. The President’s Cup was instituted in 2003 by the Ghana Football Association to honour the President. This year’s match is between traditional giants Kumasi Asante Kotoko and Accra Hearts of Oak and takes place at the Baba Yara Stadium in Kumasi on Sunday July 2, 2017. In brief remarks, Vice President Bawumia urged…

It has emerged that Ghana loses up to 10 per cent of its gross domestic product to illicit financial inflows and outflows through bilateral, multilateral and other agreements the country signs with other countries and institutions. “This represents 2.4 billion dollars inflows and 500 million dollars of outflows, a total of 2.9 billion dollars annually,” reveals Joseph Spanjers, an Economist with Global Financial Integrity. Speaking on 3FM’s “Late Edition” show, Mr Spanjers described the figures as conservative, noting the extent of loss of money to illicit flows on the continent was disturbing. The Global Financial Integrity (GFI) is a non-profit, Washington…

Countries in West Africa, including Ghana, have not made the best out of agribusiness due to the erroneous impressing that the supply chain starts with the farmer instead of the consumer, an agribusiness expert assessed. Most farmers in the sub-region have been planting crops without knowing what the market needs and therefore end up with waste produce, Pierre Brunache, Chief Agribusiness Officer at African Fertilizer and Agribusiness Partnership (AFAP) analysed. In an interview with 3news.com in Accra,  Brunache said the lack of knowing what comes first has made many farmers poor. “What comes first is the consumer; you don’t start…

The Member of Parliament for Sekondi, Andrew Kofi Egyapa Mercer has defended the award of contract to an Oil Marketing Company (OMC) Movenpiina to buy off-spec oil from Bulk Oil Storage (BOST) as legitimate. Speaking on TV3’s New Day, Wednesday, the MP who is a lawyer argued: “Of course pre-incorporation contracts are valid in law, [there is] absolutely nothing untoward about it at all. You can go into the licensing regimes because it’s regulated industry and all of that – that is another matter that we can discuss. But the truth of the matter is that pre-incorporation contracts are legitimate and…

Some staff of the state broadcaster, Ghana Broadcasting Corporation (GBC), are lobbying to get former Director General of the station, Mr. William Ampem-Darko appointed as its board chairman. In a statement addressed to the Minister of Information, the staff calling themselves ‘Friends of William Ampem-Darko at GBC’, said though they are settling for the board chairman, “indeed, we would have wished that he be re-appointed Director-General, but are aware that there is an incumbent currently occupying that position”. They mentioned him as someone who contributed immensely to staff welfare whilst at the helm of affairs at GBC. “More significantly still,…