Financial analysts have suggested the implementation of some legal requirements that will compel certain large corporate institutions to list on the stock market. They argue that such a move will afford investors more options which will ultimately increase investments on the stock. Speaking to Citi Business News on the matter, the General Manager for IFS Capital Management ...

A new petition for impeachment has been filed against Chairperson of the Electoral Commission (EC), Charlotte Osei. The petition was filed on August 18 at the Presidency and is demanding that a process to remove the EC boss should be commenced over alleged breaches of public procurement practices and provisions of the Public Procurement Act ...

It is emerging that the Bank of Ghana (BoG) is yet to update its list of banks even weeks after it allowed GCB to purchase some assets and liabilities of UT and Capital banks. A visit to the BoG’s website has shown that the two collapsed banks are still on the list of commercial banks in Ghana ...

Leicester City midfielder Danny Drinkwater has asked to leave the club amid interest from Chelsea. The Premier League champions have had two bids turned down for the England player, who last summer signed a contract extension to 2021. Leicester have previously stated they do not wish to lose Drinkwater, 27, who was an integral part of ...

Ghana’s ability to attract another tranche of disbursement by next month under the IMF deal, should strengthen the local currency and restore investor confidence in the economy. That is the assertion of some Economists who have been speaking on the Fund’s progress with the government of Ghana. The comment also comes ahead of the government’s meeting with ...

Google is making it way easier for travelers with flexible schedules to save money. The search giant announced today that it’s updating both the Flight and Hotel search tools to make it easier for people to find deals. Now, both tools offer you a chance to find cheaper alternatives by switching your departure and arrival dates by just a couple days. ...

Beyonce has pledged to “help as many” victims of Hurricane Harvey as she can, as her home city of Houston, Texas, braces itself for more rainfall. “I remain in constant prayer for those affected and for the rescuers who have been so brave and determined to do so much to help,” the star said. She ...

The Public Procurement Authority (PPA) has established a public procurement unit and a due diligence unit to avert procurement breaches in state contracts. The procurement unit is to ensure regular auditing of state entities to ensure that there is value for monies spent. This is according the Chief Executive Officer of the Public Procurement Authority, ...

The Association of Ghana’s Elders (AGE) has taken on the challenge of advocacy for a group in society that is hardly considered as a ‘vulnerable’ group that needs support. From its work with older persons in society, the Association indicates that there is “benign neglect” of senior citizens in Ghana, because people presume that the ...

The Mental Health Authority has said it will prosecute any organisation or entity, which is still involved in the inhumane chaining of mental health patients. According to the authority, with the promulgation of the Mental Health Act 2012, such practices are deemed as illegal hence their warning. In Ghana, faith-based healing centres and prayer camps ...

The Deputy Minister of Roads and Highways has expressed concern about the amount of money available for the Ministry in the Road Fund to undertake projects in the sector. According to him, the Ministry receives GH¢ 1.2 billion from the Road Fund ever year but the “debt overhang in the Ministry is huge; close to GH¢ ...

An Educationist, Mrs Ewura-Abena Ahwoi has called on parents to introduce inter-generational reading in homes to inculcate reading habits among children. She said: “In the olden days our elders used to gather children especially in the night to tell them stories and that sustained children’s interest in story telling and developed their reading habits”. Speaking ...

The Chief Executive Officer of the Public Procurement Authority, Agyenim Boateng Agyei has said that persons found culpable in SSNIT’s OBS project scandal after the Authority’s audit, will face a jail term of at least 5 years. Speaking on Eyewitness News on Tuesday, Mr Boateng Agyei said the Authority’s audit will cover every aspect of ...

Venezuela’s new constituent assembly has voted to put opposition leaders on trial for treason. The assembly said it would pursue those it accuses of supporting US economic sanctions against the country. Washington approved the measures last week in response to what it called the “dictatorship” of President Nicolás Maduro. President Maduro has accused the US ...

An investment Analyst, Mahama Iddrisu has argued that some processes in private equity fund, Foritz’s 2013 acquisition of extra shares in Merchant Bank, now UMB Bank, were illegal. Speaking on Eyewitness News, Mr. Iddrisu explained that the illegality stemmed from Fortiz’s decisions to borrow the needed funds from Merchant Bank, with the bank itself likely acting ...

An investment Analyst, Mahama Iddrisu has argued that some processes in private equity fund, Foritz’s 2013 acquisition of Merchant Bank, now UMB Bank, were illegal. Speaking on Eyewitness News, Mr. Iddrisu explained that the illegality stemmed from Fortiz’s decisions to borrow the needed funds from Merchant Bank, with the bank itself likely acting as a guarantee. ...

The Ghana Union of Traders Association (GUTA) is making fresh appeals to get the 2 percent special levy scrapped. GUTA argues that the continuous imposition of the charge adds unto the costs of its members and increased their retail prices. The concerns by the traders’ union come at a time that government is collating inputs ...