July 2023 - Page 84 of 84 - Wontumi Online

03 Jul

Patrick Vieira Named New Manager Of RC Strasbourg

wontumionlineSportsPatrick Vieira, Strasbourg

Patrick Vieira has been appointed manager of Ligue 1 club RC Strasbourg on a three-year contract. The former Arsenal midfielder, 47, had been out of work since being sacked as boss of Premier League side Crystal Palace in March. “I am particularly happy to join Racing,” said Patrick Vieira. “I know the history and the identity of this club, the fervour it arouses, the importance it has for its region, which is a place of football and passion.” Chelsea’s owners recently agreed a deal to buy a majority stake in Strasbourg, who finished 15th in the French top flight last…

03 Jul

BoG Blamed For Financial Sector Mess – Research Reveals

wontumionlineBusinessBismark Kwofi, BoG, ILAPI, Peter

A perception research conducted by think tank, Institute for Liberty And Policy Innovation (ILAPI) has blamed the Bank of Ghana (BoG) for the collapse of 420 financial institutions between 2017 and 2018. The research conducted between August and November 2022, gathered information from the public on their perceptions on government wasteful spending from 2014 to 2021 with the financial sector reforms as a variable. Government is said to have spent over ¢25 billion in the banking sector clean-up to protect 4.6 million depositors’ funds despite quoting ¢11.7 billion in the 2020 budget statement for the same exercise. 77.5 % of…

03 Jul

Cedi Depreciates 11.21% In Half-Year 2023; Classified Among ‘Worst Spot Returns’ In Africa – Bloomberg

wontumionlineBusinessimf, US dollar

The Ghana cedi ended the first-half of this year with a better performance than the same period last year. According to Bloomberg, the cedi lost about 11.21% to the US dollar, yet was still classified among African currencies with ‘Worst Spot’ Returns’. On the interbank market, the Bank of Ghana put the year-to-date loss of the cedi to the dollar to about 20%. Presently, the Ghanaian currency is going for ¢11.68 to the dollar in the retail market. The Bank of Ghana is however quoting one dollar to ¢10.99. In the last three months, the cedi had performed well against…

03 Jul

A Weakened ECG To Rescue IPPs? – Terkper Asks

wontumionlineBusinessECG

Former Finance Minister Seth Terkper has indicated that the Electricity Company of Ghana (ECG) has been weakened. He was reacting to a meeting held with ECG on Friday, between the state power distributor and the Independent Power Producers (IPPs) which led to the suspension of the planned shutdown of power plants. Following the meeting, the managing director of the ECG Samuel Dubik Mahama explained that, per the agreement reached on the framework going forward with IPPs, ECG “agreed to stay current. So if I am current now, every month, you are okay.” He continued “We used interim in two forms.…

03 Jul

Chief Shoots Niece During Coronation At Amosima In Central Region

wontumionlineNewsAmosima, Chief shoots niece

The Safohen of Amosima in the Abura Asebu Kwamankese District of the Central Region is in the grips of the police for shooting his niece, a 40-year-old during the coronation of Ebusuapanin at Amosima The suspect chief as tradition demands during such events fired the gun but mistakenly shot his niece who had come to witness the ceremony on Saturday, July 1, 2023, afternoon. According to information gathered by Kasapa News Yaw Boagyan, the victim, known as Maame, was hit in the leg with the bullet creating a deep hole. The unfortunate incident caused a suspension of the event as…

03 Jul

GRA Confiscates 12,000 Cartons Of Unstamped Drinks From Importers

wontumionlineNewsGRA

Officials of the Ghana Revenue Authority (GRA) have seized 12,000 cartons of drinks with no tax stamps from importers. This was made known to the Ghana News Agency (GNA) when the Excise Unit of GRA embarked on a check operation at the GRA Customs Laboratory Facility at Airport City in Accra, where the confiscated products were stored. During the operation, GNA noted that some trucks were stocked with drinks without tax stamps while there were some with stamps on them. In an interview with GNA, Mr Kwaben Apau, Head of Excise Unit of GRA, said any item imported or manufactured…

03 Jul

Alban Bagbin Enskinned Chief In Nadowli Kaleo

wontumionlineNewsAlban Bagbin

The Speaker of Parliament, Alban Bagbin has been enskinned in Takpo as Naa Sunoyong Maalo Bagbin I, Tinmaali Naa of Takpo Traditional Council in Nadowli Kaleo. The ceremony was witnessed by Traditional Authority, family, friends, and members of the community. Born on September 24, 1957, in Sombo in the Upper West Region, Hon. Bagbin is a graduate of the University of Ghana (1977-1980) and the Ghana School of Law (1980 -1982). He holds an Executive master's in governance and leadership from the Ghana Institute of Management and Public Administration (GIMPA). His parents were Sansunni Bagbin and Mrs. Margaret B. Bagbin…

03 Jul

GNPC, VRA And Other SOEs Owe $2.4 Billion – Deputy Energy Minister

wontumionlineNewsGNPC, VRA, William Owuraku Aidoo

Deputy Minister for Energy, William Owuraku Aidoo has revealed that Bulk Oil Storage And Transportation Co Ltd (BOST), Volta River Authority (VRA), Tema Oil Refinery (TOR), Northern Electricity Distribution Company (NEDCO), Ghana Grid Company Limited – (GRIDCo), Ghana National Petroleum Corporation (GNPC) and the Bui Power Authority owe their creditors $2.4 billion dollars. According to the deputy minister, Deloitte publication in May 2023 indicates that as of December 2021, these State-Owned Enterprises owed their creditors who are mainly stakeholders, SOEs IPPs and fuel Suppliers in the power supply value Chain. The minister made this revelation on the floor of Parliament…

03 Jul

Screening Of NPP Presidential Candidates Begins Today, July 3

wontumionlineNewsNPP Presidential race

Beginning today Monday, July 3, 2023, the National Presidential Vetting Committee of the ruling New Patriotic Party (NPP) will begin vetting presidential hopefuls who have filed to run in the presidential primary. Evans Nimako, Secretary of the Vetting Committee, issued a statement on behalf of the party. Ten persons have filed to run in the election, and the party plans to have a special delegates conference in August to reduce the number to five. It will then hold a national conference to select the presidential candidate in November of this year. Former Trade Minister Alan Kwadwo Kyeremanten, Vice President Dr. Mahamudu Bawumia,…

01 Jul

Chairman Wontumi Is Currently The Only Mover And Shaker Of The NPP- Dr. Smart Sarpong

wontumionlineFeatured, News, TrendingAssin North, Chairman Wontumi, Dr. Samrt Sarpong

Senior researcher at the Kumasi Technical University (KTU), Dr. Smart Sarpong has opined that as it stands, the Ashanti regional Chairman of the NPP, Chairman Bernard Antwi-Boasiako, is the only mover and shaker of the NPP. Speaking in an interview with Kwame Sefa Kayi on Peace FM, Dr. Smart explained that prior to the 2016 and 200 elections, the although the party had many influential personalities, there were only four among the lot who were exceptional including the then President candidate and running mate, Nana Akufo-Addo and Dr. Bawumia respectively; Ashanti regional Chairman, Chairman wontumi; Assin Central MP, Kennedy Agyapong.…