Business

28 Aug

Agyapa Royalties Deal Best For Ghana’s Mineral Resources – Ofori-Atta

Jackson Odom KpakpoBusinessOFORI ATTA

Agyapa Royalties Deal Best For Ghana’s Mineral Resources – Ofori-Atta   Finance Minister Ken Ofori-Atta says the Agyapa Royalties agreement is wholly in the best interest of the country. According to him, the Akufo-Addo administration has no intention of mortgaging and ripping off Ghana’s ‘future resources’ to enrich persons walking within the corridors of power. At a press conference Thursday evening, Ken Ofori-Atta told the media: “There are those who say we should be careful not to mortgage ourselves today, the gold for our future generations. This is not the case. But I have a few questions for people who have those concerns. If…

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28 Aug

NDC Cannot Scrap Agyapa Minerals Royalties Deal – Benjamin Boakye

Jackson Odom KpakpoBusinessACEP

NDC Cannot Scrap Agyapa Minerals Royalties Deal – Benjamin Boakye The Executive Director of the Africa Center for Energy Policy (ACEP), says the National Democratic Congress (NDC)’s decision to dismiss the Agyapa Minerals Royalties agreement when voted into power is wrong. Benjamin Boakye said it will only increase the risks associated with the deal. His comment follows threats by the flagbearer of the party, John Mahama, that his next administration will not respect the deal. But speaking on Prime Morning Wednesday, Mr Boakye said it will rather be in the interest of the NDC administration to engage stakeholders on the…

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27 Aug

NPP Developed Agric Sector More Than The NDC – MCE

Jackson Odom KpakpoBusiness, NewsNPP Developed Agric Sector More Than The NDC – MCE

NPP Developed Agric Sector More Than The NDC – MCE The Municipal Chief Executive (MCE) for Wa West Municipality, Alhaji Issahaku Tahiru, has said the New Patriotic Party (NPP) administration has made remarkable investments in the agric sector of the economy far more than what the erstwhile John Mahama administration did. He explained that the sector employs lot of Ghanaian youth thereby, reducing the unemployment rate. He, however, said the Mahama administration failed to invest in the sector. Alhaji Tahiru said generally the agric sector has seen growth under the NPP administration following the implementation of programmes such as the Planting…

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27 Aug

Kumasi: 3 Cold Stores Closed Down For Selling Unwholesome Meat At Asafo

Jackson Odom KpakpoBusiness, NewsKumasi: 3 Cold Stores Closed Down For Selling Unwholesome Meat At Asafo

Kumasi: 3 Cold Stores Closed Down For Selling Unwholesome Meat At Asafo A task force in the Kumasi metropolis of the Ashanti Region has closed down three cold stores at the Asafo market for selling frozen meat suspected to be unwholesome to the public. The task force, which included officials from the Food and Drugs Authority (FDA), Environmental Health Officers and Veterinary Officers, locked up the shops on Wednesday, 26 August 2020, following intelligence they received. The officer in charge of the Food and Hygiene Department at the Kumasi Metropolitan Assembly (KMA), Alhaji Adam Sumaila, noted that the exercise was…

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27 Aug

A/R: 92 Shops Of Foreign Retailers Locked Up At Suame Magazine

Jackson Odom KpakpoBusinessA/R: 92 Shops Of Foreign Retailers Locked Up At Suame Magazine

A/R: 92 Shops Of Foreign Retailers Locked Up At Suame Magazine A Trade Ministry Committee on foreign retail trades has clamped down on violators of trade laws in Kumasi. In the exercise, a total of 92 shops belonging to foreign traders at the Suame Magazine artisanal hub who have violated these laws were closed down. 51 shops were closed on Tuesday and another 41 shops on Wednesday. Nana Kwabena Peprah, a member of the Committee indicated that these foreign traders had failed to comply with the provisions of the Ghana Investment Promotion Center (GIPC) Act which clearly spells out the…

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26 Aug

Covid-19 Has Delayed But Not Derailed Our Progress As A Nation – Bawumia

wontumionline.comBusiness1D1F, COVID-19, Kantanka, Toyata, VW

Vice President, Dr. Mahamudu Bawumia has expressed optimism that the strong economic fundamentals of the Akufo-Addo government will propel the country to overcome the devastating effects of Coronavirus on the economy. In an exclusive interview with Kwame Sefa Kayi on Peace FM's Kokrokooo on Tuesday, the Vice President indicated that covid-19 has only delayed the progress of the country but has not derailed the progress of the nation. "Covid-19 has delayed but not derailed our progress as a nation," Vice President Bawumia said He added that the strong economic fundamentals of the country, as positively indicated by all economic indicators…

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25 Aug

“All Customers Of Failed Banks Paid Fully; Over 95% Of Savings & Loans, Microfinance Customers Paid” – Governor Addison

wontumionline.comBusiness, FeaturedBank of Ghana, First Allied Savings and Loans, GN Savings and Loans, IMF

The Governor of the Bank of Ghana, Dr. Ernest Addison, has stated that all customers of the nine (9) failed banks, and over ninety five percent (95%) of customers of Specialised Deposit-taking Institutions (SDIs), which were affected by the banking sector clean-up have received their deposits. According to the Dr. Ernest Addison, the first phase of the banking sector clean-up involved the revocation of licenses of nine (9) banks, for which all depositors were paid in full. “The second phase has to do with the SDIs – these are the savings and loans, microfinance institutions and finance houses. In their…

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25 Aug

Giving Students Loan Without A Guarantor Step In Right Direction – NUGS

Jackson Odom KpakpoBusinessGiving Students Loan Without A Guarantor Step In Right Direction - NUGS

Giving Students Loan Without A Guarantor Step In Right Direction - NUGS President of the National Union of Ghanaian Students (NUGS), Isaac Jay Hyde has said that government’s initiative on the guarantor system for student’s loan is a step in the right direction. He recounted the stress students go through to get loans, saying that scrapping the guarantor system will go a long way to help students who have to go through a lot of stress to get guarantors. Speaking with with Nana Owoahene Acheampong, he said, “It is true students go through a lot of stress to get guarantors.…

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22 Aug

Next Finance Minister Is Chairman Wontumi – Ken Ofori-Atta

wontumionline.comBusiness, NewsNext Finance Minister Is Chairman Wontumi - Ken Ofori-Atta

Next Finance Minister Is Chairman Wontumi - Ken Ofori-Atta The Finance Minister, Ken Ofori-Atta has revealed Mr. Bernard Antwi Boasiako as the next Finance Minister of Ghana. According to him, Mr Antwi Boasiako popularly known as Chairman Wontumi has demonstrated through his daily interpretation of government issues and finances in the media will soon qualify him that enviable position in governance. Speaking at the live coverage of the NPP Manifesto launch on Wontumi Radio and TV at the Cape Coast University in the Central Region, the Finance Minister praised the Ashanti Regional Chairman for his dedication and commitment to the…

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21 Aug

1D1F: President Akufo-Addo Commissions Casa De Ropa Potato Factory

wontumionline.comBusiness, Featured, NewsAfrican Continental Free Trade Area, Casa de Ropa

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has commissioned the Casa de Ropa Potato Factory, a project under Government’s 1-District-1-Factory initiative. Performing the sod-cutting ceremony on Friday, 21st August 2020, President Akufo-Addo described the day as “a very happy for the Central Region, and, indeed, for Mother Ghana”, especially as he had, on the same way, also commissioned the Ekumfi Fruits and Juices Factory, in Ekumfi. “This afternoon’s ceremony is in fulfillment of the promise by Government, in partnership with the private sector, to set up at least one medium to large scale enterprise in every district of Ghana,”…

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