The Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, together with some Senior Executives of the bank recently met with the Chinese Ambassador to Ghana, H.E. Lu Kun, to promote deeper trade and investment ties between Chinese and Ghanaian businesses. During the meeting, Mr. Asomaning underscored the importance of the strategic partnership between Standard Bank, […] The post Stanbic
It was the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen. Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country’s largest banks […] The post Vietnamese billionaire
The Managing Director of the Electricity Company of Ghana (ECG), Samuel Dubik Mahama has said that requests from the Ghana Grid Company (GRIDCo) for load management have become an irritation to customers. He explained that the requests have become so frequent that they are now a source of disturbance to customers. This is contained in […] The post GRIDCo’s
Once the new Cash Reserve Requirement (CRR) policy becomes effective, it is expected to see approximately GH¢16.2billion – US$1.2 billion flow from banks to the Bank of Ghana (BoG). CRR is a rule set by central banks requiring commercial banks to keep a portion of their deposits – local and foreign currency – as cash […] The post Editorial:
A member of the Mines and Energy Committee of Parliament and MP for the Bongo constituency, Edward Abambire Bawa, has expressed disappointment over the comments made by Energy Minister Matthew Opoku Premspeh. The Energy Minister, whilst responding to reporters on the current state of power supply in the country and the calls for a load-shedding […] The post Load-shedding timetable:
The Chinese and Ghanaian miners Tongues are wagging in the country as to whether the four Chinese nationals who were arrested by staff of the Forestry Commission on December Read More... The post Pressure Mounts Over ‘Dead’ Chinese Illegal Miners appeared
A Nigerian court on Tuesday sentenced a Chinese national to death after finding him guilty of killing his girlfriend, a government official told The Associated Press, vowing to recommend execution if he unsuccessfully appeals the ruling. Frank Geng-Quangrong was convicted by a local court in northern Nigeria’s economic hub of Kano state, Kano Justice Commissioner […] The post Nigerian
In a surprising twist to an ongoing trial involving illegal mining in the Krokosua Hills Forest Reserve, the Magistrate of the Sefwi Wiawso District Court, Eric Baah Boateng, has Read More... The post Court
Dr Ibn Chambas, a member of the AU High-Level Panel, has urged the Electoral Commission (EC) to utilise the upcoming by-election, triggered by the passing of Ejisu MP, John Kumah, as an ideal opportunity to practice professional electoral conduct in preparation for the 2024 elections. He pointed out that Ghana has a history of unrest […] The post Exhibit professionalism
The Minority in Parliament has strongly objected to two loan agreements currently under consideration by the legislative body. The government is seeking parliamentary approval for a $300 million loan from the World Bank to fund the First Resilient Recovery Development Policy and an additional $150 million for the ongoing Greater Accra Resilient and Integrated Development […] The post Minority
By Chen WENLING Western media has frequently adopted a pessimistic stance towards the Chinese economy. These narratives reveal the underlying pressure and apprehension certain Western countries experience in the realm of economic competition. By downplaying China’s economic prowess, their objective is to undermine China’s global standing and influence. Nevertheless, these portrayals often fail to acknowledge the […] The post
The National Petroleum Authority (NPA) has suspended the sale of fuel supplied by the Chinese-owned Sentuo Oil Refinery due to alleged substandard quality. This decision follows calls from the Chamber of Petroleum Consumers (COPEC) and the Institute for Energy Security (IES) for the Authority to halt the operations of the Oil Refinery due to alleged […] The post NPA
The value of loans granted by financial institutions fell by 54.9 % in the last quarter of 2023. The total amount of secured loans registered by banks and Specialized Deposit-Taking Institutions (SDIs) stood at almost GH¢5.9 billion compared to the GH¢13.2 billion in the same period of 2022. This huge decline of GH¢7 billion in […] The post Total value of secured loans
Management of the Korle Bu Teaching Hospital (KBTH) has vehemently debunked claims that a Chinese prisoner escaped during treatment at the hospital. The Chinese national, who was serving a one-year sentence at Nsawam Prison for theft and other serious offenses had escaped. The incident occurred after the individual allegedly feigned illness and was subsequently transferred […] The post Chinese
Asanteman, led by the Asantehene Otumfuo Osei Tutu II, has received the royal golden artifacts which were looted during the Sagrenti War of 1874 at a grand ‘kuntukuni’ durbar at Manhyia, Kumasi. The seven items, about 400,000 ounces of gold worth £2billion, were presented to Otumfuo Osei Tutu II by a five-member delegation from the […] The post Asanteman receives
A Chinese national, who was serving a one-year sentence at Nsawam Prison for theft, has reportedly escaped. The escape occurred after the individual allegedly feigned illness and was subsequently transferred to a hospital for medical attention. The prison officer who was assigned to accompany him has been interdicted by the service pending an investigation into […] The post Chinese
A Chinese national, who was serving a one-year sentence at Nsawam Prison for theft and other serious offences, has reportedly escaped. The escape occurred after the individual allegedly feigned illness and was subsequently transferred to the Korle-Bu Teaching Hospital for medical attention. Reports indicate that he was initially arrested at Tema and jailed before he […] The post Chinese
The Public Relations Officer of the Ghana Prisons Service, Superintendent Abdul Latif Adamu, has stated that his outfit is working tirelessly to rearrest the Chinese inmate who escaped from the Nsawam Prison. The Chinese national was serving a one-year sentence at Nsawam Prison for theft and other serious offences. The incident occurred after the individual […] The post We’re
The House of Representatives has resolved to conduct an investigative hearing on the non-compliance by banks and financial institutions with Central Bank of Nigeria, CBN, directives on the Net Open Position Limits. The resolution of the House followed the adoption of a motion of urgent national importance on the need for banks to implement CBN’s […] The post Reps
Mr. Kwame Owusu-Boateng displaying the award, flanked by the management team Opportunity International Savings and Loans (OISL) Ltd. has received ISO/IEC 27001 certification in line with Bank of Ghana’s Read More... The post Opportunity
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