The desperate dig for survivors is resuming in Sierra Leone’s capital, after mudslides and floods claimed the lives of more than 300 people. Their homes in Freetown were engulfed after part of Sugar Loaf mountain collapsed following heavy rain early on Monday morning. Many of the victims were still asleep in their beds when disaster ...
Workers of UT AND Capital Bank will be put on probation for 6 months while the full transition of their companies into GCB Bank Ltd is completed. The transition is expected to take about six months to be completed. Citi Business News understands following the probation at least a quarter of workers of both banks ...
Following the collapse of UT Bank and Capital Bank, the Bank of Ghana has indicated that the shareholders of Capital Bank will not be compensated. The same may apply to UT Bank shareholders, though the central bank is considering compensating shareholders listed on the Stock Exchange. Discussions with the Ghana Stock Exchange in the coming days ...
The 2015 Auditor General’s Report has indicted Venture Capital Trust Fund for giving over GHc 1.4 million in loans without due approval. Venture Capital Trust Fund was established in 2004 to provide low-cost financing to small and medium enterprises. According to the report, there were no documents to prove about 53 individual loans that were ...
The Ho Municipality has been ranked 13th on the Community-Led Total Sanitation (CLTS) implementing districts’ Open Defecation-Free (ODF) League Table for the first half of 2017. A total of 863 triggered communities in 14 districts were ranked based on their open defecation free and latrine coverage in priority communities among other indicators. Mr Joshua Ofosuhene, ...
There has not been any panic withdrawals at various branches of both Capital and UT Banks, following GCB Bank’s takeover of both banks, Bank of Ghana has indicated. The Bank of Ghana confirmed the takeover of UT Bank and Capital Bank by GCB Bank in a statement on Monday morning, announcing that it had “approved ...
Pop star Taylor Swift has won a sexual assault case against ex-radio DJ David Mueller, who she said had groped her at a 2013 concert. He assaulted her by grabbing her bottom beneath her skirt during a photo shoot, a jury in Denver, Colorado, found. She was awarded a symbolic $1 (77p) in damages that ...
So you’re considering changing jobs and quietly make a couple of changes to your LinkedIn profile to ensure it is looking its best for any potential new employer. But then a third-party service spots that change and alerts your bosses. Uh oh. That’s the scenario LinkedIn has said it is trying to stop being possible. ...
Gunmen have attacked a United Nations peacekeeping base in the city of Timbuktu in northern Mali, killing seven people. Five of those who died were Malian security guards. The Malian military said the assault had been repulsed and four of the gunmen killed. No group has claimed Monday’s attack. Islamist militants frequently target the UN ...
Cristiano Ronaldo has been suspended for five games after he was sent off in Real Madrid’s 3-1 win against Barcelona in the Spanish Super Cup first leg on Sunday. He was given a one-match ban for being shown two yellow cards and a further four for pushing the referee in the back after he had been sent ...
Was the writing on the wall all along? Is poor supervision to blame? Did dumsor play any role? How critical was the IMF in all this? The Citi Breakfast Show host, Benard Avle breaks down the collapse of UT Bank and Capital Bank and what it means for the prospects of Ghana’s banking sector. – ...
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