Month: August 2024

More Ghanaian Youth To Acquire Employable Skills – Dr Bawumia Declares As YEA Trains 10,000 Ghanaian Youth
27 Aug

More Ghanaian Youth To Acquire Employable Skills – Dr Bawumia Declares As YEA Trains 10,000 Ghanaian Youth

Kakra NunuFeatured, News
Vice President Mahamudu Bawumia has described the successful training of thousands of Ghanaian youth under the first phase of the Youth Employment Agency’s Skills Training Programme as concrete evidence of the NPP Government’s commitment to providing opportunities for the youth to acquire employable skills for life. The training of these 10,000 young people in Carpentry,  Beauty Care, Hairdressing, Plumbing, Auto Mechanics, Plaster of Paris (POP), Painting, Steel Works and Welding, and Glazing (Glass Works) - who received allowances during their training and have also received start-up equipment -  comes on the heels of the recent training of thousands of ladies…
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NDC Manifesto Is Equal To “T-roll”- Abronye
27 Aug

NDC Manifesto Is Equal To “T-roll”- Abronye

Kakra NunuFeatured, News
Abronye has compared the 2024 manifesto of the National Democratic Congress (NDC) to a toilet roll. The Bono regional Chairman of the New Patriotic Party (NPP), Kwame Baffoe aka Abronye asserts that the content of the NDC manifesto is insulting to read because they have copied manifesto of the NPP. Speaking on the Wontumi Morning Show, Chairman Abronye said the NDC “manifesto is a t-roll. It is the true definition of short memory manifesto. It is insulting to all of us.” According to him the flagbearer of the NPP, Dr. Bawumia was first to give a policy address at UPSA.…
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Nungua ECG Applauds Customer Compliance
27 Aug

Nungua ECG Applauds Customer Compliance

Wontumi2Business
The Nungua District of the Electricity Company of Ghana, which operates under its Tema Region, has commended its customers for their compliance and for allowing the staff to work in comfort. This was shared by the District Manager, Ing. James Teye who was giving an overview of their revenue mobilisation activity, which is currently ongoing. There have been previous reports where some customers had prevented ECG officials from accessing the meters. This time around, however, Ing. Teye said that "there has been a generally good and welcoming stance of our customers as we are on this revenue mobilisation agenda". He…
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Inflation To Increase To 21.8% In August 2024 – Report
27 Aug

Inflation To Increase To 21.8% In August 2024 – Report

Wontumi2Business
Inflation is expected to surge to 21.8% in August 2024, IC Securities has predicted. According to the investment firm, this is due to unfavourable base effect. However, month-on-month inflation will ease. “Although the sharper-than-expected deceleration in the July 2024 annual inflation significantly eases our concerns, we remain convinced that the August print will witness an upturn, stressing the need for caution in lower inflation and interest rate outlooks”, it disclosed in its analysis of the outlook of inflation. It pointed out that in August 2023 it observed an unexpected contraction in the Consumer Price Index (CPI) levels by 0.4 points,…
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Non-Performing Loans: Pay Your Debts – GCB Bank MD To Ghanaians
27 Aug

Non-Performing Loans: Pay Your Debts – GCB Bank MD To Ghanaians

Wontumi2Business
Managing Director of GCB Bank PLC, John Kofi Adomakoh, has expressed concern over the rising culture of loan defaults among Ghanaians, which he says is significantly contributing to the surge in non-performing loans (NPLs) within the banking sector. At its 119th Monetary Policy Committee press briefing, the Bank of Ghana disclosed that the industry’s NPL ratio had surged to 24.1 percent in June 2024, up from 18.7 percent in the same period of 2023, underscoring the heightened credit risk in the system. Speaking at the “Facts Behind the Figures” programme organised by the Ghana Stock Exchange, GCB Bank MD John…
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Ghana May Face Forex Pressure If Food Imports Become Necessary – Amin Adam
27 Aug

Ghana May Face Forex Pressure If Food Imports Become Necessary – Amin Adam

Wontumi2Business
Finance Minister Dr. Mohammed Amin Adam has predicted a potential rise in demand for foreign exchange if Ghana is compelled to import food to supplement the existing supply due to the ongoing drought in Northern Ghana. Speaking at a press conference in Accra on Monday, August 26, Dr. Amin Adam expressed cautious optimism that substantial progress will be made in securing the country’s food supply. However, he acknowledged that importing food to meet market demands could negatively impact the economy. He also mentioned that he has yet to discuss with Agriculture Minister Bryan Acheampong the most effective strategies for sourcing…
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GCB’s Profit Before Tax Hits GH₵700m In First Half Of 2024
27 Aug

GCB’s Profit Before Tax Hits GH₵700m In First Half Of 2024

Wontumi2Business
GCB Bank recorded strong profit growth in the first half of 2024 (1H 2024) compared to the same period in 2023. This strong performance was primarily driven by a significant increase in customer deposits year-to-date (YTD), coupled with dedicated efforts at optimizing operational efficiency. The 1H 2024 financial performance results from the Bank’s strategic shift to a strong focus on sales, transaction banking and a customer-centric approach. Profit Before Tax for the period increased by 35 per cent year-on-year (y/y) to GHS 700.3 million, driven by growth in interest income and supported by a 21 per cent year-to-date increase in…
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Ghana’s Michael Baidoo On Radar Of Plymouth Argyle And LASK Linz
27 Aug

Ghana’s Michael Baidoo On Radar Of Plymouth Argyle And LASK Linz

Wontumi2Sports
Ghanaian midfielder Michael Baidoo could still leave IF Elfsborg before the summer transfer window closes at the end of the month. According to reports in Sweden, the club has received offers from Championship club Plymouth Argyle and Austrian team LASK Linz for Michael Baidoo. Sport Bladet reports that the two clubs have emerged as the front-runners to secure the 25-year-old’s signature. Baidoo has showcased consistent performance for Elfsborg since his arrival in January 2022 and has drawn significant interest this summer. In recent months, several clubs have monitored Baidoo's progress, but Plymouth and LASK have taken the lead in their…
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Henry Asante Twum Outlines Plans For Two-Day Congress And Facility Upgrades
27 Aug

Henry Asante Twum Outlines Plans For Two-Day Congress And Facility Upgrades

Wontumi2Sports
GFA Communications Director Henry Asante Twum has shared the agenda for the GFA Congress, which kicked off today at the Ghanaman Soccer Center of Excellence in Prampram. This important event brings together football stakeholders from all over the country and will take place over two days to avoid a packed schedule. Delegates, club directors, and CEOs made their way to the venue by noon. Asante Twum emphasized the recent upgrades at the Prampram facility and the GFA's aspirations moving forward. "Typically, an ordinary Congress is held in one day, but this time we've opted for a two-day format to prevent any…
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CAF Demands Update On Baba Yara Stadium For Black Stars’ Angola Clash
27 Aug

CAF Demands Update On Baba Yara Stadium For Black Stars’ Angola Clash

Wontumi2Sports
The Ghana Football Association (GFA) is under pressure to meet a significant deadline to inform the Confederation of African Football (CAF) about the readiness of Baba Yara Stadium for the Black Stars' match against Angola on September 5. Henry Asante Twum, the GFA Communications Director, shared that CAF has raised concerns regarding the pitch's condition after seeing troubling photos and videos circulating online. Fans have expressed their apprehensions about the stadium's lack of preparation. In light of this, Twum reassured everyone that the technical team has already submitted their plans, and the coach is set to announce the team soon. "For…
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