Month: January 2023

Govt Reaches Agreement With GSIA On Debt Exchange Programme

Govt Reaches Agreement With GSIA On Debt Exchange Programme

The government and the Ghana Securities Industry Association (GSIA) have reached an understanding of the terms for participation in the Domestic Debt Exchange Programme (DDEP). A joint statement by the government and the GSIA indicated that the terms entail extending the improved terms of the Domestic Debt Exchange Programme agreed with the banks to all GSIA members. Also, collective Investment Schemes (CIS) and individuals who hold bonds in Trust Accounts with Securities and the Exchange Commission (SEC) approved firms, would be offered any enhanced commercial terms agreed with, or exemptions granted to, Individual Bondholders. According to the GSIA, this agreement…
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Kumasi: One Arrested For Murder As Police Restore Calm Over Violent Disturbances

Kumasi: One Arrested For Murder As Police Restore Calm Over Violent Disturbances

Police have restored calm and arrested suspect Nana Osei Gyeabour alias Point, for his alleged involvement in violent disturbances which resulted in the death of one person at Krofrom, a suburb of Kumasi in the Ashanti Region. The suspect in the company of others attacked the deceased victim, Kwabena Azure, on 25th January 2023 and inflicted multiple machete wounds on him. The victim was pronounced dead shortly after arrival at the hospital. Following the death of the victim, on 27th January 2023 a group of people believed to be friends of the deceased besieged the scene at Krofrom where the…
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FDA Suspends Services Of Waakye Joint That Killed One Person

FDA Suspends Services Of Waakye Joint That Killed One Person

The Food and Drugs Authority has suspended the services of the Yellow Sisi Waakye joint at Oyibi which led to the death of one person and left over 40 hospitalised. According to the FDA, an environmental assessment of the food preparation site located at Malejor and the three vending sites at Bush Canteen, Prison Joint and Sharp Curve Joint revealed poor food handling practices could have resulted in the contamination of the food, leading to the foodborne disease outbreak. The FDA said in line with the Food Safety Emergency Response Plan, a joint investigation with the Ghana Health Service (GHS) commenced immediately after the incident came to their attention. “Investigations revealed that a…
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Be Calm; Your Tier-2 Pension Arrears Will Be Paid – Govt Begs Teachers

Be Calm; Your Tier-2 Pension Arrears Will Be Paid – Govt Begs Teachers

Deputy Minister for Employment and Labour Relations, Bright Wireko-Brobby has appealed to teacher unions in the country to exercise restraint as government works around the clock to pay their Tier-2 pension arrears. “This is not the first time we’ve been in arrears, but it is not something that government will renege on. I beg them, we should engage. We acknowledge that we are in arrears. I plead with my teacher unions to exercise restraint. Everybody knows what the country is going through. We will start engaging them and see how we can bridge the gap,” he said in an interview…
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Davido’s Uncle Sacked After Two Months Of Being Sworn In As Osun State Governor

Davido’s Uncle Sacked After Two Months Of Being Sworn In As Osun State Governor

The Election Petition Tribunal has reportedly declared APC’s Adegboyega Oyetola as the winner of the Osun State governorship election which was held on Saturday, July 16, 2022. The tribunal made the declaration as it annulled the victory of the PDP’s Ademola Adeleke on Friday, January 27, 2023. Justice Tetsea Kume, while delivering a majority decision declared that INEC did not comply substantially with the Constitution and the provisions of the Electoral Act. He subsequently deducted the over-voting observed from the votes scored by the candidates and declared that Oyetola won the election, having polled 314, 921, while Adeleke’s score came…
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Asiedu Nketia Is Problematic- Academic Patriot Researcher

Asiedu Nketia Is Problematic- Academic Patriot Researcher

Dr. Smart Sarpong has accused the National Chairman of the Nation Democratic Congress (NDC), Mr. Johnson Asiedu Nketia of being “problematic”. According to Dr. Sarpong who is a distinguished political researcher and a lead member of the group Academic Patriot, the decision by Mr. Asiedu Nketia aka General Mosquito to contest Mr. Ofosu Ampofo for the NDC’s national Chairmanship position, was very problematic followed by his decision to reshuffle the parliamentary leadership of his party. “It is mostly like he doesn’t consult before doing things”, Dr. Smart Sarpong said as he predicted that it would have a dire effect on…
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Red-Hot Antoine Semenyo Set For Transfer To EPL Side

Red-Hot Antoine Semenyo Set For Transfer To EPL Side

Ghana forward Antoine Semenyo is set to complete a transfer to English Premier League side AFC Bournemouth after his Championship team Bristol City agreed a fee with the Cherries. After rejecting two offers for the in-form Black Stars striker last week, Bristol have now accepted a reported figure of around £9million plus bonuses The 23-year-old and his agent are now heading to Bournemouth to complete a medical, before looking to complete the transfer by signing his contract. Bristol City coach Nigel Pearson confirmed the proposed transfer in an interview with BBC Radio Bristol: “As we stand at the moment, Antoine…
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Givers Herbal CEO Steps In To Resolve Lumba, Ampong Feud

Givers Herbal CEO Steps In To Resolve Lumba, Ampong Feud

Dr Solomon Kwabi, CEO of Givers Herbal Centre and the producer of GC Mixture and capsules and other herbal products has resolved the confusion between Highlife legend Daddy Lumba and gospel musician, Isiah Ampong. As part of resolving the long-standing feud, the CEO of Givers Herbal Centre made an undisclosed cash donation to Ampong. The feud between the two music giants has existed since 2018 but it was the release of a song by Daddy Lumba titled Ofon na edi asem fo’ that reignited the feud. Owing to the content of the song, ‘Ofon na edi asem fo’, which was accompanied by a…
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Meta Will Restore Trump’s Facebook account ‘In The Coming Weeks’

Meta Will Restore Trump’s Facebook account ‘In The Coming Weeks’

Two years after the company formerly known as Facebook suspended then-president Donald Trump’s account, it’s bringing him back. Meta announced its decision to restore former president Trump’s Facebook and Instagram accounts on Wednesday, adding that it would do so in “the coming weeks.” The company was expected to weigh in sometime this month on Trump’s fate. Meta’s semi-independent external policy committee the Oversight Board declined to decide the case itself when given the chance two years ago, but it did push the company to set a timeframe for Trump’s suspension. That two-year suspension period expired this month. In tweets and…
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BoG To Admit First Cohort Onto Regulatory Sandbox Platform

BoG To Admit First Cohort Onto Regulatory Sandbox Platform

The Bank of Ghana’s Regulatory and Innovation Sandbox will be opened for admission between February 13- March 14, 2023. Launched in August 2022, the Regulatory Sandbox is tool aimed at harnessing the potential of technology to develop an efficient and inclusive financial service industry without risking financial stability. More importantly, it is expected to serve as an enabling framework for small scale, live testing of innovations by innovators (operating under a special exemption, allowance, or other limited, time-bound exception) in a controlled environment under the regulator’s supervision. It aims at, among others, fostering a deeper understanding of innovative products, services…
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