January 2023 - Page 5 of 81

31 Jan

Policy Rate Increases To 28%; Cost Of Loans To Surge

wontumionlineBusinessAverage lending rates, BoG, policy rate

The Monetary Policy Rate of the Bank of Ghana has increased its policy rate – the rate at which it lends to commercial banks – by 100 basis points to 28%. Within a year, the rate has gone up by a staggering 13.5% The Central Bank cited downside risks to inflation and exchange rate depreciation as the major reason. These risks have been driven by fiscal imbalances. “In the interim, the MPC [Monetary Policy Committee] sees the need to remain vigilant and moderate liquidity in the system to underpin macroeconomic adjustments taking place to drive inflation on a downward path.…

31 Jan

Officials Of China Mall, Shoprite, Palace Mall Picked Up For Tax Violations

wontumionlineBusiness, NewsChina Mall, GRA, Palace mall, Shoprite, Sneda

Some officials of some notable shopping centres in the Greater Accra region have been grabbed by officers of the Ghana Revenue Authority (GRA) for issuing fake Value Added Tax (VAT) invoices. The shops include China Mall, Sneda Shopping Centre, Palace Mall and Second Cup Coffee all on the Spintex Road, as well as Shoprite at the Junction Mall in Nungua. The exercise was undertaken by a joint team from the GRA, and the Criminal Investigations Department (CID) of the Ghana Police Service. The exercises is part of moves by the GRA to boost revenue mobilisation through enforcing the tax laws.…

31 Jan

South Africa Calls On MTN, Ghana To Resolve $773m Tax Dispute

wontumionlineBusiness, NewsGRA, MTN, Naledi Pandor

South Africa’s Foreign Minister, Naledi Pandor, has called on mobile operator MTN Group and the Ghana Revenue Authority to find a solution to a $773 million tax dispute. Earlier this month, MTN said the Ghana Revenue Authority issued the company’s subsidiary MTN Ghana with a bill for back taxes after auditing it for the years 2014 to 2018 and inferring that it had under-declared its revenue by about 30% during the period. MTN, which has a presence in 19 countries in Africa and the Middle East, said at the time that it disputed the “accuracy and basis” of the assessment and that it…

31 Jan

Forestry Commission Demobilises Excavator In Atewa Forest

wontumionlineNewsAtewa Forest, Forestry Commission

The Forestry Commission has demobilized an excavator in the Atewa Forest Reserve. The excavator, as well as some other mining equipment, was discovered at the edge of the forest following reports that illegal mining activities were being undertaken in the area. The Forestry Commission officials who had discovered the site say the illegal mining activities had affected 0.6 hectares of the reserve. Meanwhile, no arrests have been made. According to an official report, there were no persons present at the site. The incidence has since been reported at the Kyebi District Police Station, and the Commission has assured it “will…

31 Jan

We Need To Find Out If Investigation On CSSPS Was Concluded – Dr. Anti

wontumionlineNewsCSSPS, Dr. Peter Anti, Institute of Education Studies

Executive Director for Institute of Education studies, Dr. Peter Anti, has called for the publication of the conclusion of the internal investigation conducted by the Ministry of Education concerning issues of corruption related to the Computerized School Selection and Placement System (CSSPS). According to him, the only way to get to the bottom of the issues is for that document to be published and made public as a sign of transparency and accountability on the part of the Ministry. “What was the content of that particular document that was produced? That is the only way we’ll be able to ascertain…

30 Jan

The NDC Has Made Elections 2024 A Cool Win For The NPP- Hon. Clement Wilkinson

wontumionlineFeatured, News, TrendingClement Wilkinson, elections 2024, Parliament

The Municipal Chief Executive of Ga West Assembly, Honourable Clement Wilkson has stated that the NDC has made elections 2024 easy for the NPP. Speaking with Dawuro on Movement in the morning show on Movement TV/Wontumi Radio, the MCE said that the only reason for which the NDC had given the minority leadership to the Dr. Cassiel Ato Forson is because they would want him to contest as an unopposed candidate in his constituency, because there's no way the former could debate better than the Haruna Iddrisu. According to him, the NDC wants someone who could challenge and battle the…

30 Jan

Juliet Bawuah Wins Journalist Of The Year At SWAG Awards

wontumionlineSportsJuliet Bawuah, Sports Writers Association of Ghana

Sports Journalist Juliet Bawuah has won the Journalist of the Year at the 47th edition of the Sports Writers Association of Ghana (SWAG) Awards. Saturday’s win is a double for Juliet, who in November won the Sports Journalist of the Year at the Ghana Journalists Association Awards. The SWAG recognition caps a stellar year, which also saw her excel at the Qatar FIFA World Cup, where she created digital content around the Black Stars for FIFA and global host broadcasters. In a note on her socials, Juliet, who recently resigned from her role at Media General (TV3 and others) as…

30 Jan

Sean Dyche Named New Everton Manager

wontumionlineSportsSean Dyche

Sean Dyche has been appointed Everton manager after the club sacked Frank Lampard with the team in 19th position in the Premier League table. Dyche has been appointed Everton manager on a two-and-a-half-year contract. He replaces Frank Lampard who parted ways with the Toffees after a 2-0 loss to West Ham which left them 19th in the Premier League, above Southampton only on goal difference. THE BIGGER PICTURE: After 10 years as Burnley boss, Dyche was sacked last season with eight games to go. He left the club in a relegation fight, which ultimately saw them drop down to the Championship.…

30 Jan

I Slept With Married Men To Survive – Akuapem Poloo

wontumionlineShowbizAkuapem Poloo

Actress Rosemond Brown, also known as Akuapem Poloo in the entertainment sector, has disclosed that she once had to sleep with married men in Accra in order to survive. “I’ve been through a lot. I had to sleep with people’s husbands which I never wanted to do but I had to. Because they are the ones who can help me”, Akuapem Poloo revealed “When my baby was six months old, my mother took him and told me to go back to Accra to continue with my life. So I came back and started working as a sales person, actress, featured in music…

30 Jan

Shatta Wale Blasts Sarkodie For Disrespecting Samini

wontumionlineShowbizSarkodie, Shatta Wale

Shatta Wale has waded into Samini and Sarkodie’s brouhaha suggesting the rapper didn’t handle the issue very well. Samini in a tweet last week Monday while responding to a fan said he was never going to work with Sarkodie henceforth. This was because Sarkodie refused to reply to his messages after their earlier chats about a feature. After sending him the songs, he revealed that Sarkodie stopped replying to his messages. Samini said he felt disrespected. Sarkodie however responded to the comment on a Hitz FM interview on Tuesday saying Samini’s utterances must have come from a “certain place” for…