Month: January 2023

Let’s Not Abandon ‘Azonto’ Genre In Music – DWP Dance Academy US Manager

US-based Ghanaian musician and manager of DWP Dance Academy’s US wing, Kweku William, has bemoaned the lack of support for the Azonto genre by Ghanaians. According to him, the music genre is a cash cow for many outside Ghana and is pleading with industry players not to abandon it. He told JoyNews’ Becky on E Vibes that “I know in Ghana we say we shouldn’t bring Azonto back but I have been begging Ghanaians not to give up on Azonto because it’s making a lot of money outside of Ghana, that’s why DWP and I started working. I started working with…
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Mr Eazi Featured In New Star-Studded #Boss Campaign

Oluwatosin Ajibade, better known by his stage name- Mr Eazi, is the only African artiste featured in the star-studded #Boss campaign. Boss has unveiled its advertising campaign for Spring/Summer 2023 and it features a star-studded lineup of celebrities including Nigerian artiste Mr Eazi. He engaged in some nostalgia, posing with an adorable picture taken when he was just a child wearing the new season sweater from Boss. The aim is to illustrate Boss’s slogan “Be Your Own Boss”, by telling the story of “the extraordinary path to a life of success” travelled by the celebrities featured in the campaign. The…
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Emmanuel Toku Signs For Belgian Outfit Oud-Heverlee Leuven

Former Ghana U-17 forward, Emmanuel Toku, has signed for Belgian top flight side, Oud-Heverlee Leuven on a permanent deal. The 22-year-old moves to Belgium from Bulgaria where he played for Botev Plovdiv. Toku joined the Bulgarian side permanently in September 2021 ahead of the 2021/22 season following his spell with Fremad Amager in Denmark. He signs a three-year deal which will see him stay at the club until 2026. Toku has made 21 appearances for Botev in the 2022/23 season scoring once and providing two assists during that time. In his over two years with Botev, Toku made 70 appearances…
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Chelsea Transfer News: Blues Bid £105.6m For Enzo Fernandez

Chelsea have bid 120m euros (£105.6m) for Benfica’s Argentina midfielder Enzo Fernandez in a move that would make him the British transfer record signing. So far there is no indication whether the Blues’ offer, thought to include instalments, will be accepted. But if the deal goes through, it would eclipse the £100m Manchester City paid Aston Villa for Jack Grealish in 2021. Fernandez was named young player of the tournament during Argentina’s World Cup triumph in Qatar. Benfica have previously accused Chelsea of trying to unsettle the midfielder, with the Portuguese side’s manager Roger Schmidt declaring their pursuit “closed”. However, it is not…
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David Abagna Completes Move To Sudanese Side Al Hilal

Black Galaxies midfielder, David Abagna Sandan, has joined Sudanese side, Al Hilal, from betPawa Ghana Premier League outfit, Real Tamale United. Abagna has signed a four-year deal with the club which will see him stay with Al Hilal until 2027. The midfielder makes the move to Sudan after a brilliant individual campaign at the 2022 African Nations Championship (CHAN) where he won the Man of the Match award in Ghana’s second group game. Abagna featured in all of Ghana’s games at the tournament as they suffered a quarterfinal exit at the expense of Niger on Saturday, January 28. The move…
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Pay Toure Over ¢100k Within 45 Days Or Face Transfer Ban – FIFA Orders Medeama

World football governing body, FIFA, has ordered Ghana Premier League club, Medeama SC to pay former player, Ahmed Toure, over GHC 100,000 for breach of contract, Joy Sports has gathered. Part of that money, per a FIFA document available to Joy Sports, dated January 30, 2023, passed on January 25, 2023, by sole judge, Dana Al-Noaimi, said is outstanding remuneration which totalled GHC 60,900 while the remainder, GHC 40,600 is compensation for a breach of contract. Medeama must complete full payment within 45 days or face sanctions from registering players locally and internationally. “Pursuant to art. 24 of the Regulations on…
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Total Mobile Money Transactions Hit Record ¢1.07trillion In 2022

Total Mobile Money transactions in 2022 hit a record ¢1.07 trillion despite the existence of the Electronic Transaction Levy (E-Levy), the January 2022 Summary of Economic and Financial Data by the Bank of Ghana has revealed. This is compared with about ¢902.5 billion recorded in 2022 According to the data, the biggest transactions occurred in December 2022 and November 2022, whereby ¢122 billion and ¢117 billion respectively were recorded. There were fears that the implementation of the E-Levy in May 2022 was going to affect Mobile Money transactions, but that has not been the case. From the data, Mobile Money…
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The Climate Change Not To Blame For Worsening Flooding Situation In Kumasi – KNUST Finding

The rising flood situation in Kumasi is largely independent of increase in rainfall and current temperature patterns. That is the major finding in a research by the Department of Geography and Rural Development of the Kwame Nkrumah University of Science and Technology. The findings are published in the journal, Cities. The current debate suggests that climate change is behind the rising urban flooding in Ghana. This research analysed the extent to which climate change influences flooding in Ghana. Beyond the interviews, the researchers analyzed rainfall patterns between 1986 and 2016. They found that rainfall has seen marginal increase in the…
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Business Journal: Electricity Tariffs Bite Hard On Small Business Operators

Business Journal: Electricity Tariffs Bite Hard On Small Business Operators

Apprentices in the hair care business are aborting their plans of setting up their own ventures. They blame it on the upward adjustment of electricity tariffs. Existing entrepreneurs are also adjusting their service charges to sustain their businesses. In Primary 6, Phillip Nartey developed the skill for barbering. Now an apprentice, he has plans to set up his own venture, but high electricity bills and the instability deter him. “In barbering, we do not charge for the trimming. We charge for the equipment used instead. If you visit and there are air conditioners, tv sets amongst others, you pay for…
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BoG Needs To Work Hard On Threats To Solvency Of Banks – Banking Consultant

BoG Needs To Work Hard On Threats To Solvency Of Banks – Banking Consultant

Banking Consult, Dr. Richmond Atuahene has adviced the Central Bank to put its best foot forward to eliminate the various increased pressures on the liquidity of banks and the threat to their solvency. Dr. Atuahene said the situation if not managed properly will affect the ability of banks to lend to private sectors and small businesses and cause a depletion of regulatory capital. “From where I sit and the calculations in front of me, Bank of Ghana would need to work hard because out of the 23 (banks), I do not know which one would stay if we go by…
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