Central Banks use monetary policy rates as the benchmark for charging interest on loans and advances to commercial banks. Whenever a commercial bank has a temporary shortage of funds it usually borrows funds from the central bank at the policy rate. Borrowing by commercial banks This borrowing by commercial banks from Central Banks is traditionally done via repos (Repurchase Agreements); [...] The post EFFECT
The winners of this year’s MTN Heroes of Change Season Three programme yesterday paid a courtesy call on the Chief Executive Officer of MTN, Ghana, Ebenezer Asante at MTN Head Office in Accra. It was to familiarise with him and expressed gratitude to the management of MTN for the company’s support to their respective organisations. In all 10 people emerged [...] The post Winners of
Goodwill Sports Ambassador, Ray Quarcoo has commended the technical team and the playing body of the Black Stars for their outstanding performance against their Ethiopian counterparts. The Stars, now playing under Coach Kwasi Appiah demonstrated brilliance in all departments of their game by posting an emphatic 5-0 win over Ethiopia in an AFCON 2019 qualifier in Kumasi. The massive win [...] The post Ambassador
The MTN Classic Golf tournament has been scheduled for Saturday, June 24 at the Tema Country Golf Club. It will be another opportunity for the sponsoring company, MTN Ghana, to engage its high value clients as well as prospective clients in the business community. According to the organizers, 80 golfers will compete for trophies and prizes in the various categories [...] The post MTN Classic Golf
Black Stars player, Andre Ayew has asked children who wish to take up a career in football to be disciplined at all times. Speaking at the uniBank soccer clinic held at the Junction Mall at Nungua on Saturday, Andre, who doubles as the bank’s ambassador said, apart from talent and interest in the game, discipline is what ensures a successful [...] The post uniBank holds soccer clinic for kids
A cross section of Ghanaian boxing enthusiasts has expressed disappointment over the outcome of the Obodai Sai – Walter Kautondokwa WBO middleweight eliminator on Friday. The Namibian kayoed Sai in the fifth round to extend his unbeaten record to 15-0. Present at ringside were a number of boxing greats including Azumah Nelson, Ike ‘Bazooka’ Quartey, Percy Commey, Ayittey Powers and [...] The post No
Mrs Comfort Doyoe Cudjoe-Ghansah, the Member of Parliament (MP) for Ada Constituency in the Greater Accra Region, last week, fixed the roof for Korpehem D/A Basic School which was ripped off by rainstorm five months ago. The MP said she replaced the damaged roof so that teaching and learning activities can take place at the school. It is recalled that [...] The post Korpehem
Persons with Disabilities (PWDs) have appealed to government and relevant stakeholders in education to “immediately” make funds available to implement the inclusive education policy. Mr Brandford Tay, member, Steering Committee of Coalition of NGOs for Disabilities in Volta Region, said it was not enough for government to formulate the policy and challenged it to demonstrate commitment to it through funding. [...] The post Provide
The chairman of the Church of Pentecost Apostle Dr Opoku Onyinah has criticised government’s decision to sponsor Christian pilgrimage to Holy sites across the world. The government through the Ministry of Chieftaincy and Religious Affairs has made public a decision to streamline Christian pilgrimage by sponsoring pilgrims to countries such as Israel and the Vatican City. The announcement has been [...] The post Govt
The much-awaited Kwesi Botchwey committee report on the defeat of the National Democratic Congress (NDC), at the 2016 polls has recommended a “peacemaking and healing tour”. Prof. Kwesi Botchwey who presented the 455-page report said the NDC must assemble “credible and eminent” personalities in the party to lead the tour. He was speaking at the NDC headquarters in Accra where [...] The post Kwesi
The Member of Parliament (MP) for Ablekuma West Mrs Ursula Owusu Ekuful, has asked members of the New Patriotic Party (NPP) to report wrong doings to the right authorities and desist from unlawful acts that will disgrace the party. “The NPP is presently the governing party and as leaders, you must be well behaved rather than do what will give [...] The post NPP Ablekuma West hold delegates
Former President, John Mahama, dedicated this year’s Father’s Day to the late Major Maxwell Adam Mahama, the military man who was killed in the line of duty at Denkyira-Obuase in the Central Region. The former President tweeted, “dedicating this Father’s Day to Maj. Max Mahama & all servicemen who’ve fallen in the line of duty & their children robbed of [...] The post Former
The National Peace Council (NPC) has organised a two-day mediation training programme for women and youth from four communities in the Volta Region to strengthening their capacity in conflict resolution. The programme, sponsored by the European Union in collaboration with the United Nations Development Programme (NNDP) attracted participants from Nkonya in the Biakoye District, Alavanyo, Some, and Adina in the [...] The post Ghana
For a couple of weeks now, the Tepa Nursing and Midwifery Training College, in the Ahafo Ano North District of the Ashanti Region, has been in the news for all the wrong reasons. The principal and the Accountant of the College have been accused of embezzling GH¢9.2million. Although the Principal, Ms Victoria Amoah and the Accountant, Mr Richard Asomoah, have [...] The post PROBING
Mr Emmanuel Armah-Kofi Buah, the Member of Parliament for Ellembele, has given Ms Sophia Akuffo thumbs up on her appointment as the Chief Justice of the Republic but wants the views of judges known on issues of national concern. His concern follows the reluctance of Ms Akuffo to answer questions which bothered on her personal convictions in her 20 plus [...] The post ‘Judges
Parliament yesterday gave its blessing to Chief Justice-designate, Ms Sophia Abena Boafoa Akuffo, by adopting and approving by consensus the Appointment Committee’s report on her vetting. Ms Akuffo was ‘grilled’ for more than five hours by the Appointment Committee over her new job last Friday. Presenting the Committee’s report, Joe Osei-Owusu, chairman of the 30-man Committee which vetted the 67-year-old, [...] The post Parliament
A Cape Coast District Court yesterday discontinued the case against seven persons, who were arrested for their alleged involvement in the murder of Major Maxwell Adam Mahama, at Denkyira Obuasi, in the Upper Denkyira District in the Central region. The seven were first remanded into police custody on June 1, 2017, when they were arraigned in court upon the request of the [...] The post Suspects
Three men are in the grips of the police for allegedly robbing a rice company at North Industrial area, in Accra, of GHc796 and 1,850 dollars. Eric Duse, 32, electrician, Kwabena Mohammed, driver, 25, Yakubu Mahmud, 28, blacksmith, broke into the company and took away the moneys. The Tesano District Police Commander, Deputy Superintendent of Police (DSP) Edward Tetteh, who confirmed [...] The post Three
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