Author: newsfilegh

Non-performing loans (NPL) increased to GH¢6.4 billion in February 2017 from GH¢4.7 billion in February 2016, according to the latest Banking Sector Report. According to the report, the increase in the stock of NPLs, with no commensurate increase in gross advances, led to a higher NPL ratio of 17.7 per cent in February 2017, compared with 15.6 per cent in the same period last year. The deterioration in asset quality according to the Central Bank s was largely attributed to the Asset Quality Review of bank loans in 2016 which led to the downgrade of some existing loans by banks.…

Customs and Border Protection officers at New York’s JFK airport said they captured two more passengers who attempted to smuggle drugs by strapping packages of cocaine to their legs. The most recent seizure came when two men tried to bring more than 10 kilos of cocaine into the United States on April 19, officers said. Both men allegedly had the drugs taped to their legs under their clothing, and one man taped the drugs to his back. The two men traveled on the same flight from the Dominican Republic to New York last week, but it’s unclear if they knew…

The minister for Special Development Initiatives, Hawa Koomson has assured Ghanaians of revamping the Bolgatanga meat factory in the Upper East region which has been abandoned since 1995. The factory, she says, will create employment and alleviate poverty in the region. The Bolgatanga meat factory will be revamped soon to create employment and alleviate poverty in the upper East region. Madam Koomson who is on a 7days tour to the SADA zone said, the factory is best positioned for the realization of the one district, one factory agenda of the NPP led administration. The factory was built in 1961, started…

Deputy Minister of Health Kingsley Aboagye Gyedu who was to represent the sector minister at the Public Accounts Committee sat through the sitting without uttering a word today. He was unable to speak for his boss because some members of the committee mainly from the minority side prevented him from taking an oath before the committee. The oath would have enabled him to represent the Minister of Health Agyemang Manu. The committee was looking into the audit report by the Auditor General on the disposal of government vehicles by the Ghana Health Service. The MP for Kumbungu Ras Mubarak raised…

Multiple award winning highlife artiste Kofi Kinaata has apologised to his fans and Ghanaians for his under-par live stage performance during the 2017 VGMA awards night. The ‘Susuka’ hitmaker has been heavily criticised for not living up to the bill when he mounted the stage at the VGMA barely a fortnight ago. Kinaata bagged three awards including Best Songwriter of the Year and Highlife Song of the Year at the VGMA. Speaking exclusively on TV3’s morning program New Day, Kinaata accepted he was below par and apologised to his fans but promised a much improved live stage performance next time.…

A 207 Mercedes Benz passenger bus on Wednesday morning crashed into a house at Laterbiokoshie, a suburb of Accra, injuring a number of people. According to an eyewitness called Genevieve, the trotro descended from a road in an apparent loss of control by the driver and ran into the house. 3news.com upon arrival at the scene spoke to the driver Abdul Baba, who narrated how the accident happened. “I was coming from the top and before I got to the junction, I realised my brakes had failed me so the car went straight into the house. “I am very surprised…

A lotto agent who has been importing and issuing unauthorised electricity meters to some residents of Kumasi in the Ashanti Region has been picked up by the Police. A total of 25 illegal meters were retrieved from Bismark Kyeremanteng at Kronum when he was arrested On April 19, 2017, a team of Electricity Company of Ghana officials detected a customer at Kumasi Abbatoir is using a meter that did not fall in the category ECG certified meters. Upon interrogation, he directed the team to one Kyeremanteng, as the source of the said meter, following which the ECG officials and the…

Some irate youth in the Sagnarigu district in the Northern region are on rampage, protesting the appointment of Mariama Iddrisu as the District Chief Executive. There have been pockets of violent protest against some names nominated for metropolitan, municipal and district chief executives in some parts of the country. The president today released a list of 212 persons for the various assemblies across the country. Click for the full list Even before the names were released, there were signs and silent agitations over certain names. On Tuesday for instance, some youth in Zebilla vandalised the New Patriotic Party constituency office…

A South African court has annulled initial agreements the government reached with three countries to help it build nuclear power stations. The deals with Russia, the US and South Korea were unlawful, the court ruled. The government failed to hold public hearings and a parliamentary debate over its plans, it added. Environmental groups said they welcomed the ruling, pointing out it came on the eve of the anniversary of the 1986 Chernobyl nuclear disaster. The government has not yet commented on the ruling, in a case brought by the Earthlife Africa and the Southern African Faith Communities’ Environment Institute (SAFCEI).…

Ghana’s target of becoming the preferred tourist destination in Africa may hit a snag. This is because some members of the Ghana Hotels Association have revealed that the numerous fees  charged by the various regulatory bodies are gradually kicking them out of business. They also alleged that some officers within the regulatory bodies are arbitrarily charging higher fees, which is making business unprofitable. According to the Ghana Tourism Authority, the country attracted about nine hundred and thirty thousand(930,000) visitors in 2014. Placing 120th, 12th and 6th in the World, Africa and West Africa respectively by the recent Global Travel and…