Month: May 2024

We’re Committed To Protecting Depositors’ Funds – BoG Governor

We’re Committed To Protecting Depositors’ Funds – BoG Governor

The Bank of Ghana (BoG) says it will continue to closely monitor and regulate financial institutions in the country to ensure the stability and integrity of the banking sector. Maintaining oversight in the banking industry according to the Central Bank is crucial for safeguarding against risks and promoting trust in the financial system. Governor of the Bank of Ghana, Dr. Ernest Addison at the name change and gala dinner of FBN Bank Ghana Limited maintained that his outfit has not departed from protecting the funds of depositors. “Let me note that, to protect depositors, while ensuring the stability and soundness…
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Govt Advances Processes For De-Vesting Public Lands

Govt Advances Processes For De-Vesting Public Lands

A review committee on the return of vested lands has recommended that majority of the lands should be given back to the pre-acquisition owners. The committee also identified some lands that had special state interests, and called for special dispensation from landowners in the management of such properties. The report of the committee, which was presented to the Minister of Lands and Natural Resources, Samuel Abu Jinapor, yesterday indicated that chiefs had agreed that the state would pay “a token” for the continuous use of those lands. Additionally, the report asked for the setting up of a committee that is comprised…
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No Educated Ghanaian Will Support NDC Except For Parochial Interest- Ellen Daaku

No Educated Ghanaian Will Support NDC Except For Parochial Interest- Ellen Daaku

A member of the New Patriotic Party's communications team, Ellen Ama Daaku has emphatically stated that there's no literate that would throw their weight behind the NDC. According to her, once you're well educated and enlightened, you would never support such a political party like the NDC. She explains that this is because the party has no social policy geared towards supporting the educational system of the country. "What they rather do is to destroy the gains and strides made by the NPP government. Not to belittle the wisdom of any individual, however, any individual that is well educated or…
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Nottingham Forest Points Deduction Appeal Rejected

Nottingham Forest Points Deduction Appeal Rejected

Nottingham Forest have failed with an appeal against their four-point punishment for breaching Premier League profit and sustainability rules (PSR). The club’s case was held on 24 April and an appeal board has upheld the original decision of an independent commission to impose the sanction. The commission found Forest’s losses to 2022-23 breached the threshold of £61m by £34.5m. It means Forest remain 17th and three points clear of the relegation zone with two games left to play. The three-person appeal board arrived at a “unanimous” decision to uphold the original ruling by the commission, describing it as “commendably clear…
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University Of Ghana Stadium To Host 2023/24 FA Cup Finals

University Of Ghana Stadium To Host 2023/24 FA Cup Finals

The 2023/24 MTN FA Cup final is set to take place at the University of Ghana Sports Stadium in Accra. The semifinal fixtures are scheduled for this week at the WAFA Park in Sogakope. Nsoatreman FC will face Legon Cities on Saturday, May 11, 2024, while Bofoakwa Tano will battle defending champions Dreams FC on Sunday, May 12, 2024. 🥁 The stage is set for the #MTNFACup semi finals! Nsoatreman FC clashes with Legon Cities on Saturday, May 11, 2024, while Bofoakwa Tano will lock horns with Dreams FC on Sunday, May 12, 2024, for a spot in the final.⏳@MTNGhana pic.twitter.com/PqXANOqbGd — MTN…
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Cedi Depreciation Has Been Lower Under NPP Govt – Bawumia

Cedi Depreciation Has Been Lower Under NPP Govt – Bawumia

Flagbearer of the New Patriotic Party, (NPP), Dr Mahamudu Bawumia says the current value of the cedi against the dollar is an improvement compared to the cedi’s value under the NDC government. According to him, under the leadership of President Akufo-Addo, the cedi has shown resilience, despite facing global economic challenges. In an interview with AfricaWatch, Dr Bawumia said the currency’s depreciation has been sustainable, contrasting it with the NDC administration’s performance in this regard. “Why not? We use averages to measure progress in statistics and economics all the time. It is a valid comparison of the management of the…
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My Girlfriend Cheated On Me With Mr Drew – Lord Paper

My Girlfriend Cheated On Me With Mr Drew – Lord Paper

Renowned musician, Lord Paper, has recounted the period he had his heart shattered by his lover who cheated on him with fellow artist, Mr Drew. Expressing his feelings on the matter, Lord Paper revealed that he was deeply hurt by the betrayal, especially since he had envisioned a future with his girlfriend, whom he referred to as Jane. He revealed he loved her immensely and was planning on tying the knot with her. However, he said he became suspicious when he noticed a shift in her attitude, coupled with rumors he heard from friends. Ultimately, Lord Paper said he confronted…
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French Banks Exit From Africa Will Create Opportunities For Local Banks – Fitch

French Banks Exit From Africa Will Create Opportunities For Local Banks – Fitch

Fitch Solution, an international rating agency, says French banks exit from Africa will create more opportunities for local banks. The rating agency said their exit could potentially spur growth and competition for local banks. “We see significant opportunities for local and regional banks in Africa despite the challenges. Some banking groups with pan-African ambitions should eventually gain enough scale to compete with long-established institutions. Increasing competition among pan-African banking groups should boost credit growth. We expect credit growth to accelerate with the exit of French banks, albeit mainly in lower-risk segments, which will help preserve asset-quality metrics,“ the rating agency…
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Jnr Pope’s Family Announces New Funeral Arrangements

Jnr Pope’s Family Announces New Funeral Arrangements

The family of the late Nollywood actor, Johnpaul Obumneme Odonwodo, popularly known as Jnr Pope has released an updated poster detailing the burial arrangement. This comes after the initial obituary omitted his status as a husband, sparking fury among  his wife and her family. In the revised burial poster, it states that the 4-day burial ceremony is scheduled for May 13, 2024 at his hometown in Enugu state. It will begin with a private mass, followed by a vigil for all his fans and family three day later. He will be laid in state on Friday, May 17 for sympathizers…
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Premier League Referee To Wear Camera In Match

Premier League Referee To Wear Camera In Match

A referee will wear a video camera for the first time in a Premier League game during Monday evening’s match between Crystal Palace and Manchester United. Jarred Gillett will use a head-mounted device called a ‘RefCam’, although the footage will not be broadcast live. The video will be used in a one-off programme providing insight into officiating in the Premier League. In February, Bundesliga referee Daniel Schlager wore a camera and microphone during a 2-2 draw between Eintracht Frankfurt and Wolfsburg. That footage was also used for a programme called ‘Referees Mic’d up – Bundesliga’. Last year, Premier League referee…
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