Author: newsfilegh

The New Patriotic Party (NPP) parliamentary candidate for the Yapei-Kusawgu Constituency in the Savannah Region, Abu Kamara, is reported dead. He is said to have died in a car accident together with his aide. The accident happened at Datoyili, near Tamale, Friday night when the PC was returning from the Constituency. Information gathered by 3news.com indicates that both Mr. Kamara  and his aide, Kotochi Makers, died in that crash. The Yapei-Kusawgu Constituency secretary of the NPP, Mahama Mbonwura, confirmed the news to 3news.com. “With a heavy heart I announce to you the sudden demise of Hon. Abu Mahama Abudu A.K.A.…

PZ Cussons Ghana Limited has announced that it has been de-listed from the Ghana Stock Exchange (GSE) effective Monday, October 19. The offer results and de-listing have been approved by the GSE, a statement said on Friday. “Offer Results out of a total of 2,079 shareholders represented in the register, 410 shareholders tendered a total of 8,830,143 shares valued at GHS 3,973,564.35, representing 53.37% of the total number of shares under the offer,” said the statement. PZ Cussons (Holdings) Limited, the majority shareholder therefore now holds 160,432,149 shares, representing 95.50% of the issued shares of PZ Cussons. The tendered shares…

Executive Secretary of the Bureau of Public Safety Nana Yaw Akwada has noted that although the state is mounting closed-circuits television (CCTV) all around the country especially in the major cities, there is the need to increase police visibility as well. He explained that police visibility is an important measure in preventing crimes from happening in the first place. Mr Akwada told Johnnie Hughes on Community Connect on 3FM Friday, October 16 that criminals are most likely not to be able to embark on their nefarious action if they realise that the police are all over the place. This, therefore,…

Fitch Ratings has affirmed Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a stable outlook. Fitch said in its latest report that: “Capitalisation and liquidity have improved, but economic headwinds will delay substantial improvement in asset quality. “Non-performing loans/total loans fell to 14% in 2019, from 22% two years prior, but the ratio will remain high as private-sector credit growth slows in 2020. We expect real private-sector credit growth to remain positive in 2020, but in the low single digits.” Below is the full report: Fitch Ratings has affirmed Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’…

Chief Executive Officer of the Students Loan Trust Fund (STLF) Nana Agyei Yeboah has said the Ghana Card will make it easier to track debtors of the Fund if the plan of the New Patriotic  Party (NPP) and the National Democratic Congress (NDC) to scrap the guarantor system in the acquisition of the loans by the students comes to fruition. Both parties have promised to quash the guarantor system in acquisition of loans by students from the STLF. Vice President Dr Mahamudu Bawumia said during the launch of NPP’s manifesto document in Cape Coast ahead of the 2020 polls that…

An audio recording of what transpired between one Godwin Martey, the Chief Executive Officer of Web Soft Solution, and the Gyan brothers. Former Black Stars player Baffour Gyan and his brother Asamoah Gyan are reportedly to have allegedly assaulted Mr. Martey during a tennis match. A police report sighted by 3news.com indicates that Godwin, 35, was slapped and hit at his left shoulder by Baffour, who was umpiring Wednesday’s match. Read: Baffour Gyan wanted by police for alleged assault https://www.youtube.com/watch?v=3waqC8Isj9k By 3news.com|Ghana

The various political parties and Ghanaians in general have been urged to maintain the peace of the country before, during and after this year’s elections. The Country Director of the International Association of World Peace Advocate (IAWPA) Bishop Sam Owusu, said there was no need to jeopardize the future of this country during the polls. He made these comments on Onua TV’s ‘Onua Abator’ Wednesday October 15. According to Bishop Owusu who is also the United Nations Eminent Peace Ambassador the country has gone through elections over the years and has come out peacefully. Therefore, he said,  there is no…

Ghana has not put in much efforts to fight against corruption in the country, Professor H Kwesi Prempeh Executive Director at the Ghana Centre for Democratic Development (CDD-Ghana) has said. He explained that although some steps have been taken to deal with graft however, generally speaking, there has not been enough commitment and action taken by authorities to deal with the issue. “I think that one can see that over time, we haven’t really made a big enough dent in the fight against corruption as a country, generally speaking, and when also you look at the manifesto, it is there,”…

Senior lecturer of the Department of Finance at the University of Ghana Business School, Dr. Lord Mensah, says that the government must be serious in restoring public confidence the banking sector as failure to do so will have severe repercussions for the country’s economy. He says that inasmuch as depositors whose monies were once locked up are receiving their funds back, they are yet to be confident in investing it back into the system. Dr Mensah explained that the lack of confidence in the sector has caused many to turn to treasury bill investments. “You are looking at a sector…

Executive Director of the Institute for Democratic Governance (IDEG) Dr Emmanuel Akwetey has noted that corruption keeps rearing its head in Ghana because corrupt officials are not being punished enough. He said failure to punish corrupt officials is hampering the efforts to deal with the situation in the country. “We do have a very serious problem where we are not punishing anything,” Dr Akwtey said during the Ghana National Forum on Political Party Manifesto, organized by Media General in partnership with Penplusbytes on Wednesday October 14. “People measure the fight against corruption in two ways either you are punishing those…