A car has crashed into a pizzeria in a village east of the French capital Paris, killing a girl of eight and injuring other people, a report says. The driver of the car was arrested after the vehicle hit the terrace of the cafe in Sept-Sorts, near La Ferté-sous-Jouarre, BFMTV reports. The driver deliberately rammed the terrace, the ...
GCB Bank Ltd has announced that the transition of UT and Capital bank into GCB will take up to 6 months. The bank which earlier announced that it had assumed the businesses of UT Bank Ltd and Capital Bank in a purchase and assumption transaction by the Bank of Ghana, effective Monday, August 14, 2017 ...
Taxi app Uber will improve conditions for its British drivers with changes including in-app tipping, after criticism from lawmakers and unions for not giving them more rights. Drivers for Uber [UBER.UL], food courier Deliveroo and other apps tend to work for a number of firms without a fixed contract in what has become known as ...
Management of UT Life Insurance has assured its customers that the takeover of UT Bank by the GCB bank does not affect them in any way. The company in a statement on Monday said “UT Life is and has always been a completely separate entity from UT Bank, and therefore UT bank has no ownership ...
The Accra Hub of the World Economic Forum’s Global Shapers Community, in partnership with Impact Hub, Accra is set to relaunch its development and social conversation series dubbed “The Accra Discourse”. The Accra Discourse is a series of bi-monthly conversations that engage various speakers on the future of entrepreneurship, technology, leadership, education, creative arts & ...
The Governor of Bank of Ghana, Dr. Ernest Addison, has assured the public that there are no more banks currently in distress that will call for the revocation of their licenses. “Ladies and Gentlemen, you will recall that after the AQR [Asset Quality Review] exercise, a number of banks were not compliant with the capital ...
Ghanaian students benefiting from a Hungarian government scholarship have been compelled to call on the government for support to cater for their basic needs because their stipends are inadequate. These students, numbering over 40, are beneficiaries of the Stipendium Hungaricum scholarship for 2016/2017. The beneficiaries currently receive monthly stipends of 40,460 HUF (Hungarian Forint) for Undergraduate ...
Standard Chartered has announced the appointment of Her Excellency Judge Professor (Mrs) Akua Kuenyehia and Mr. Henry Baye as Independent Non-Executive Director and Executive Director respectively, to the Board of the Bank. Their appointments took effect from July 27, 2017. Her Excellency Judge Professor (Mrs) Akua Kuenyehia was elected an inaugural Judge of the International ...
Former President, Jerry John Rawlings, has called for change in the fight against corruption to ensure that it does not create undue hardship on people. Mr. Rawlings, who was speaking Nigeria, said corruption had eaten so deep into the fabric of society that the quest to clean up seems to rather create hardship instead of ...
President Nana Akufo-Addo has said Ghana lost about $3 billion in economic activities during the power crisis that hit the nation under the Mahama administration. Akufo-Addo who quoted figures from the Institute of Statistical, Social and Economic Research (ISSER) said the country lost about GHc618 million in economic activity in 2014 alone which he said ...
The World Health Organisation (WHO) has listed drug resistant gonorrhoea, a sexually transmitted disease caused by the Neisseria gonorrhoeae bacterium, as a high priority infection that poses a great threat to human health. WHO has estimated that 700,000 people around the world die annually from drug resistant infections.Antimicrobial resistance occurs when a strain of bacteria ...
The leadership of the Coalition of Bonded Allied Health Professionals, has confirmed that, over 500 of their members have been notified of their employment. According to them, the recruitment is a result of the protests they held at the Ministry of Health over their unemployment. Solomon Yeboah, the president of the Coalition of Bonded Allied ...
US President Donald Trump has spoken out against racist violence after the killing of a protester in Charlottesville, Virginia, on Saturday. “Racism is evil and those who cause violence in its name are criminals and thugs,” he told reporters. He said the Ku Klux Klan, neo-Nazis and white supremacists were “repugnant” to everything Americans held ...
The GSTS Alumni Association (GAA) of North America held a fundraising event at Falls Church in Virginia. The event brought in a net of about $25,000 for projects at GSTS. The current Headmaster of GSTS, Mr. Samuel K. Essel, whose visit to the US was facilitated by the GAA-North America was joined on his Worcester ...
The news that two indigenous banks, UT and Capital Bank have been taken over by GCB Bank has come as a shock to many Ghanaians, as just a year ago, Capital Bank was adjudged the Best Growing Bank, and Best Bank in Deposits & Savings at the Ghana Banking Awards. The central bank on Monday ...
Customers of UT Bank at Koforidua in the Eastern Region have besieged the bank’s premises following the takeover by GCB Bank. Over 60 customers of the Bank gathered outside the building, demanding access into the banking hall. According to them, they had arrived at the Bank, which should have been open for business at 1 ...
Following the collapse of UT Bank and Capital Bank, an economist, Professor Cletus Dordunoo has attributed the precarious situation of some financial institutions to greed and a drive for profits. Speaking on the Citi Breakfast Show, said he was somewhat surprised because at the collapse of the two banks “those were banks we thought were ...
The Governor of the Bank of Ghana, Dr. Ernest Addison addressed a press conference updating the public on the collapse of UT Bank and Capital Bank and the subsequent takeover of the two banks by GCB Bank. Among other things, he noted that the BoG was going to probe the insolvency and sanction persons whose ...
Celebrated Ghanaian literary personality, Ama Ata Aidoo has expressed her incredulity at extra and vacation classes organised for students in many of Ghana’s schools. She described them as a symbol of the country’s broken educational system and an indication that the schools were not competent enough to perform their core duties. “Those extra and vacation ...
The Bank of Ghana (BoG) has served notice it will punish any individual or persons whose actions may have led to the collapse of UT Bank and Capital Bank. The Governor of the Bank of Ghana, Dr. Ernest Addison explains that the move is to sanitise the banking sector and make it more robust. The ...
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