After testifying that US$80 million out of the US$200 million for the Saglemi Housing was paid by late Enoch Teye Mensah, also known as E.T Mensah, it has come to light that the prosecution’s first witness (PW1), Reverend Stephen Yaw Osei, has no personal knowledge of the entire housing project. According to Rev. Osei, Chief […] The post Saglemi trial: Witness lacks personal
Headline inflation is expected to ease between13% to 17% by the end of 2024, according to the Bank of Ghana (BoG). The Central Bank says the expectation was as a result of inflation declining sharply by more than 30% in the course of 2023. It is also expected to trend back gradually to within the […] The post 2024 expected to end with at least 13% inflation -BoG appeared first on The
A Delaware judge on Tuesday voided the $56 billion pay package of Tesla CEO Elon Musk, ruling that the company’s board of directors failed to prove “that the compensation plan was fair” or show much evidence that they had even negotiated with him. Tesla’s share price slid about 3% in after-hours trading Tuesday following news […] The post Elon Musk’s
Bank of Ghana Governor Dr. Ernest Addison has said there is no better time than now for Africa to revisit the issue of scaling-up interoperability, in a bid to deepen financial inclusion and intra-Africa trade. He said the high prevalence of mobile devices, mobile money penetration and increased Internet connectivity offer an opportune window to […] The post
Recapitalisation efforts on track, profitability rebounds Stability Fund offers additional support Bank of Ghana Governor Dr. Ernest Addison has stated that recapitalisation of banks following the Domestic Debt Exchange Programme (DDEP) should continue without any significant hitches, on account of their performance in 2023, as well as the Ghana Financial Stability Fund (GFSF). Speaking during […] The post Banks
The Bank of Ghana Monetary Policy Committee (MPC) has announced a cut in the key policy rate from 30 percent to 29 percent, offering businesses a much-needed respite. This marks the first cut in two years. The previous policy rate of 30 percent had lasted a period of six months. Speaking at a press briefing […] The post Policy rate cut to 29% on back of retreating
Police have arrested five people after several bodies were found shot dead in a remote area of southern California’s Mojave Desert. Six bodies were found after a gunshot victim called 911, sending a police helicopter to the grisly crime scene. Investigators for the San Bernardino Sherriff’s Office said on Monday that the dispute appears to […] The post Police
Human Rights lawyer Francis-Xavier Sosu is moving to escalate issues with the law on the death penalty to the ECOWAS Court of Justice. The lawyer expressed his displeasure with the death sentence handed to six coup plotters after being found guilty of conspiring to commit high treason and committing high treason. The High Court on […] The post Xavier Sosu
Dr. Ernest Addison, BOG Governor The Human Right Division, Accra High Court, has dismissed an application filed by Dr. Papa Kwesi Nduom, GN Saving and Loans Company and others for Read More... The post ‘Central Bank Revoked GN Bank Licence Legally’ appeared
One more person allegedly involved in the purported GH¢203,000 job scam case has been arrested and arraigned. Iddrisu Suka, who appeared in an Accra Circuit Court, has been remanded into police custody to reappear on February 5, 2024. The Court, presided over by Mrs. Samuel Bright Acquah, issued a bench warrant on June 19, 2023, […] The post One more person
The Office of the Special Prosecutor (OSP) was yesterday ordered by a High Court in Accra to return the $590,000 and GH¢2.73 million its officers found and seized from Read More... The post Return Cecilia’s Monies In 72 hrs- Court Orders OSP appeared
Before Alhaji Collins Dauda and Dr. Kwaku Agyeman-Mensah were respectively appointed as Minister for Works and Housing, an amount of US$80 million had already been invested into the Saglemi housing project. Mr Godwin Edudzi Tamakloe, Counsel for Agyeman-Mansah, told an Accra High Court, presided over by Justice Ernest Owusu-Dapaa, on Tuesday. He said the amount […] The post Collins,
A 27 year old mason, Victor Amidon, has been charged for allegedly robbing a plumber off one Tecno Spark 7 phone valued at GH¢750.00 and cash sum of GH¢2,400.00 using gun and cutlass. He has pleaded not guilty to two counts of robbery, when presented before the Accra Circuit Court, presided over by Mr Samuel […] The post 27-year old mason in court over alleged robbery appeared first on
Richard Boame, a 37-year old Apprentice, has been sentenced three years imprisonment for stealing GH¢15,000 from his master to engage the service of prostitutes. In a matter of three days, the convict hired a hotel room and engaged in sexual activities with eight prostitutes and paid each between GH¢330 and GH¢550. Boame pleaded guilty simplicita, […] The post Apprentice steals from master
The Bank of Ghana (BoG) is prepared to continue the necessary structural reforms to revive the country’s shaky economy. It emphasizes the importance of vigilance and commitment in realigning the country’s economic situation. Following the approval of the second $600 million tranche from the International Monetary Fund (IMF), Dr. Ernest Addison, Governor of the Bank […] The post We’ll
Alhaji Collins Dauda, former minster for Works and Housing, according to a Prosecution Witness, Rev. Stephen Yaw Osei, did not issue an interim payment certificate, regarding the Saglemi Housing Project. He said this in court last week during cross examination. Mr Collins Dauda and others have been accused of causing financial loss to the state […] The post Colins Dauda Did Not Issue Interim
A Ho High Court has granted a bail application for an accused serving as an Immigration Officer who was alleged to have shot dead a 25-year-old man suspected of smuggling gallons of cooking oil from neighbouring Togo. Counsel for the accused presented a motion for bail, emphasizing the need for the accused to be released […] The post Immigration Officer
At the hearing in the High Court, Ho, on Friday, January 19, 2024, of the election petition against the Member of Parliament for Hohoe, John-Peter Amewu, Tsatsu Tsikata, the lawyer representing five petitioners from SALL has requested the court’s permission to withdraw an application for judgment based on admissions made by the first respondent, the […] The post SALL
The National Democratic Congress (NDC) has postponed parliamentary primaries in the Odododiodio constituency indefinitely due to a court injunction obtained by a disqualified candidate. In a statement dated January 17, 2024, the party’s General Secretary, Fifi Fiavi Kwetey, announced the temporary halt of all activities related to the primaries in the constituency. The disqualified candidate […] The post NDC
The Supreme Court has set April 10 to deliver judgment on a case seeking to quash a directive by the Food and Drug Authority (FDA) that bans well-known persons and professionals including musicians from advertising for alcoholic beverages. The Food and Drugs Authority (FDA) in 2016 instituted guidelines for the advertisement of foods and beverages, […] The post Supreme
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