Author: Nerteley Nettey
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Top Nigerian banker Akinwumi Adesina cleared after corruption probe
The President of the African Development Bank (AfDB), Akinwumi Adesina, has been cleared of corruption charges after a review by an independent panel. The US, one of the bank’s biggest shareholders, insisted on a new inquiry in April after an internal review cleared Akinwumi Adesina. Whistleblowers had accused the Nigerian of giving contracts to friends…
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3rd Ghana Green Building Summit 2020 held in Accra
Yecham Property Consult in conjunction with the IFC –EDGE Program with support from the Embassy of Denmark, hosted a virtual edition of the Ghana Green Building Summit from July 23rd to 24th July, 2020 at the head office of CalBank. The iconic tower, which was the perfect setting to host the Summit, is a green…
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We also need free water supply – Ghana Hotels Assoc. to gov’t
The Ghana Hotels Association has questioned government over its insistence not to allow commercial facilities to benefit from its temporary Free Water support to Ghanaians. Government in the mid-year budget review presented by the Finance Minister last week, extended the free water to Ghanaians for three more months in a bid to cushion people from…
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Flight services to Wa Airport on hold due to dwindling passenger numbers – Adda
The Minister for Aviation, Joseph Kofi Adda, has attributed the suspension of flight services to the Wa Airport to dwindling numbers as a result of the COVID-19 pandemic. After the rehabilitation of the Wa Airport in October 2019, airline services to the Upper West Regional Capital commenced. However, operations have been suspended in recent times.…
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Submission of bids for purchase of assets of defunct Microfinance, S&L firms extended
The Receiver of the 347 insolvent Microfinance Companies and 23 Savings and Loans Companies and Finance House Companies, Eric Nana Nipah, has extended the deadline for the submission of bids to purchase the assets of the dissolved companies by two more weeks. The initial deadline was Monday, 27 July 2020, but has been extended to…
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GN Bank wasn’t a ponzi scheme – Groupe Nduom replies Finance Minister
Groupe Nduom, owners of defunct GN Bank, has debunked claims that it operated as a ponzi scheme prior to being declared insolvent by the Bank of Ghana. According to them, the Minister of Finance, Ken Ofori-Atta, while speaking in an interview on Accra-based, Asaase Radio on Sunday, July 26, stated that “When we got into…
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Economists react to BoG’s decision to maintain policy rate at 14.5%
Some economists have reacted to the decision by the Bank of Ghana, BoG, to maintain the policy rate at 14.5%. The policy rate, which is the rate at which the central bank lends to commercial banks, and is also used by banks to calculate their base rates, was kept unchanged at 16 percent for at…
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Jirapa Municipal Assembly distributes 100,000 cashew seedlings to women farmers
As part of measures to halt the persistent migration of women to southern Ghana in search of menial jobs, the Jirapa Municipal Assembly in the Upper West region has distributed 100,000 cashew seedlings to deprived women farmers in two communities. The distribution of the seedlings which is under the Ghana Productive Safety Net Programme is…
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‘Operation Feed Yourself’: Work progresses on Citi FM and Citi TV farm
As part of its commitment towards the ‘Operation Feed Yourself’ project, Citi FM and Citi TV have begun work on a 100-acre farmland in the Eastern Region. The initiative, which was launched last year, seeks to encourage people to consider agribusiness as a viable livelihood. Citi FM and Citi TV are known not only for…
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MTN Ghana to hold 2nd Annual General Meeting virtually on August 13
Scancom PLC (MTN Ghana) will host shareholders at its second Annual General Meeting(AGM) on 13th of August 2020. The meeting which will be held virtually will be streamed live from the Company’s Head office at MTN House,Independence Avenue from 11am. A statement issued by the company said, “the meeting will among others discuss the audited…