Monthly Archives: August 2016

Government to loan GHC25.2bn

Government plans to borrow an amount of GHC25.2 billion (GHC25,270 million) for the remaining five months of 2016. The amount, which would be borrowed between August and December 2016, will be used to rollover a forecast of maturities to meet government’s financing requirements. The monthly breakdown are August – GHC6 billion (GHC6,010 million); September – GHC5 billion (GHCC5,020 million); October ...

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Obama cuts short the sentences of 111 federal inmates

President Barack Obama cut short on Tuesday the sentences of 111 federal inmates in another round of commutations for those convicted of nonviolent drug offenses. Obama has long called for phasing out strict sentences for drug convictions, arguing they lead to excessive punishment and incarceration rates unseen in other developed countries. White House Counsel Neil Eggleston said the commutations underscored ...

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Obinim, church members petition God over alleged fraud case

The founder and leader of the International Gods Way Church, Bishop Daniel Obinim over the weekend led his congregants to lift up a prayer to God to expose persons who are behind the alleged fraud case which led to his imprisonment. The Man of God became the subject of several media reportage following his arrest and detention by personnel of ...

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Ga-Adangbe Wulomo Urges Unity Among Ghanaians In Canada

The chief priest of Ga-Adangbe Association of Toronto in Canada, Wulomo Nunmo Nii Akrong [Dr.] has urged all Ghanaians living in Canada irrespective of their tribe or religion to unite as one people and live in peace. According to the chief priest, in unity lies the great strength to achieve success and development in whatever field. Wulomo Nunmo Nii Akrong ...

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Malawi ex-minister Kasambara jailed for conspiracy to murder

Malawi’s ex-justice minister has been given a 13-year jail term for conspiracy to murder a civil servant, in a crime believed to be linked to a multi-million dollar corruption ring. Raphael Kasambara was sentenced for his role in the attempted murder of ex-National Budget Director Paul Mphwiyo. Mr Mphwiyo’s shooting in 2013 is believed to have exposed Malawi’s worst financial ...

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I Will Never Stop Singing ‘Susuka’ – DSP Kofi Sarpong

Vodafone Ghana Music Awards’ gospel artiste of the year SP Kofi Sarpong will not stop singing Kofi Kinata’s Susuka after he was heavily mauled by gospel minstrel Naa Mercy for singing the song at church few months ago, Flex newspaper has learnt. Frank Kwabena Owusu, in an interview with Kofi Sarpong on the TIG Show on Hitz FM made it ...

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Asamoah Gyan joins Al Ahli of Dubai

Ghana captain Asamoah Gyan has made a move back to the United Arab Emirates. Gyan is reported to have signed a season loan deal with Arab giants Al Ahli. The striker’s purported move to English Championship side, Reading fell through after both parties failed to reach an agreement. Source: starrfmonline

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Dollar denominated bonds to stabilize cedi – Economist

Economist, Dr. Lord Mensah says government’s dollar denominated bonds to be issued next month, will help stabilize the cedi. A revised calendar on government’s borrowing from August to December this year, shows that government will issue a total of 25.2 billion cedis for the period to settle forecasted maturing debts. Of the amount, a 5 year 1 billion cedis bond ...

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Facebook’s Zuckerberg meets Lagos startups in first Nigeria trip

Facebook Inc. Chief Executive Officer Mark Zuckerberg met with entrepreneurs and software developers in Nigeria during his first trip to sub-Saharan Africa. Zuckerberg is “learning about the startup ecosystem in Nigeria,” Africa’s most populous country, he said Tuesday in a post on his Facebook page. “The energy here is amazing and I’m excited to learn as much as I can.” ...

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Teachers dare Controller to block salaries

The Coalition of Concerned Teachers Ghana has threatened to strike if government goes ahead to block the salaries of its members who will be unable to get SSNIT biometric registration by the end of September. According to the teachers, the Controller and Accountant General’s Department has issued a directive to the effect that persons who fail to register for SSNIT ...

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