About 45 percent of Social Security National Insurance Trust’s (SSNIT) investment is generating negative returns, Vice President of Policy Think Tank, Imani Africa, Bright Simons has alleged. Speaking on the Point Blank segment of Eyewitness News, Mr. Simmons said: “When you look at how much SSNIT invests and the mechanisms through which it invests, you have ...

Exactly four years ago [August 29, 2013], Ghana experienced a landmark ruling in an eight month long prolonged tussle at the Supreme Court over the validity of the presidential results in the 2012 polls dubbed “Election Petition.” This follows the challenge of the 2012 presidential results by the New Patriotic Party led by Dr. Mahamudu ...

Apple is expected to introduce wireless charging to the next iPhone at its September 12 event — but the feature might not be as impressive as we originally thought, at least to start. The iPhone’s wireless charging capability will be less powerful than other phones that currently offer the same feature, according to a new ...

Liverpool have confirmed a deal to sign RB Leipzig’s Naby Keita, with the midfielder moving to Anfield in July 2018. The Reds have agreed to pay the £48m release clause that will allow the 22-year-old to move next summer, plus an undisclosed premium. Keita had been one of Liverpool boss Jurgen Klopp’s primary targets this summer, ...

Taylor Swift takes aim at her critics and pokes fun at herself in the video for Look What You Made Me Do. The new track had its official premiere at the MTV VMAs in Los Angeles and features her darker side leaving her former self behind her. The single is thought to be aimed at stars ...

Persons found culpable in the $72 SSNIT OBS software scandal must be, at least, barred from ever serving in public office, Vice President of IMANI Africa, Bright Simons, has said. According to him, it was high time Ghana started the raising the bar for persons who serve  in public office. “Public officials have accountability based ...

North Korea has fired a missile over northern Japan in a move Japanese Prime Minister Shinzo Abe called an “unprecedented” threat to his country. The missile, launched early on Tuesday Korean time, flew over Hokkaido island before crashing into the sea. The UN Security Council is expected to hold an emergency meeting in response. North ...

The Accra District Council of Labour of the Trades Union Congress (TUC) has asked President Nana Akufo-Addo to immediately constitute the governing Boards, Commissions and Councils of various state institutions. According to the Council a significant number of the various governing boards have still not been constituted, eight months into the administration of the new ...

A pensioner, Felix Essar Hianu says pensioners in the country are upset by recent happenings at the Fund and wants a comprehensive report on how the company has utilized their contributions. Mr Heno, who is a former secretary of the Conference of Heads of Assisted Secondary Schools said the developments at SSNIT indicates that the company ...

Vice President of IMANI Africa, Bright Simons, is advising Social Security and National Insurance Trust (SSNIT) to urgently change its investment strategies it is to see a turnaround from its current bleak standing. Speaking on Eyewitness News, Mr. Simons noted that about half of the money SSNIT has invested is generating negative returns. “When you ...

Citi News can confirm that SSNIT and SIC Life’s shareholding in UMB has been diluted by 50% following what appears to be the two state-owned entities’ lack of understanding of the transaction they entered into with Fortiz in the takeover of the erstwhile troubled Merchant Bank. Prior to the troubles of the hitherto wholly state ...

Citi FM will be launching a fundraising drive for the Citi Opportunity Project on Education (COPE) seeking to raise GHc250,000 from listeners to support 50 beneficiaries. The average amount spent on each beneficiary is roughly GH¢5,000 and this cover tuition, accommodation, stationery and a stipend. Timing is of the essence as most students have a ...

The Ghana Stock Exchange (GSE) has lifted the suspension on the trading activities of two of the five companies that were sanctioned for failing to comply with some regulations guiding listing on the Exchange. The two companies are Clydestone (Ghana) Limited and Transaction Solutions (Ghana) Limited (TRANSOL). According to the GSE, the companies had corrected ...

Banks have begun tightening their stance on mortgages due to the rise in their Non-Performing Loans (NPLs). At least according to the Bank of Ghana’s latest banking sector report, the commercial banks decreased their loans for house purchases by some two percentage points from 8 to 5 percent as at June this year. The position ...