Togo has rescheduled parliamentary and regional elections for April 29 after delaying the ballot over a highly contested constitutional reform. The announcement was made Tuesday (Apr. 9) after a cabinet meeting. Elections were initially scheduled on April 13 before being postponed to April 20. Togo’s parliament voted in late March to transition the nation from […] The post Togo
Three Tanzanian soldiers were killed, and three others wounded when hostile mortar fire landed near their camp in the Democratic Republic of Congo, the Southern African Development Community (SADC) said on Monday. They were part of a Southern African peacekeeping force deployed in December last year to help government troops battling M23 rebels in the […] The post Three
Ghana Christian High International School (GCHIS) demonstrated brilliance in the just-ended Dunkfest at the Association International School (AIS), Airport in Accra. The school emerged tops in both the boys and girls categories in an event which saw boxing greats professor Azumah Nelson, Joseph King Kong Agbeko, former IBF Bantamweight champion, Lebanese Ambassador to Ghana and […] The post Ghana
Nigeria has recovered 30bn naira ($24m; £19m) as part of an ongoing corruption probe into a suspended minister, the financial watchdog says. The funds were traced to more than 50 bank accounts, it said. Humanitarian Affairs and Poverty Alleviation Minister Betta Edu was initially suspended in January over the alleged diversion of $640,000 of public […] The post Betta
The parents of a Michigan teenager who shot dead four fellow students are due to be sentenced on Tuesday, marking the end of a landmark criminal case. James and Jennifer Crumbley were both found guilty of manslaughter and each face up to 15 years in prison. Jurors found they ignored their son’s mental health needs […] The post James and Jennifer
Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has revealed that he cautioned President Akufo-Addo against tampering with the Energy Sector Levy Act (ESLA), expressing concerns that such actions could lead Ghana back into the era of ‘dumsor,’ referring to the country’s previous power crisis. Mahama made this disclosure during a meeting with […] The post Dumsor:
The 13-year-old girl married to the 63-year-old Gborbu Wulomo is expected to be returned to her biological parents on Friday, April 12, 2024, according to Child Rights International (CRI). There was a public uproar when the marriage ceremony between Ga priest, Nuumo Borketey Laweh XXXIII, also known as Gborbu Wulomo, and Naa Okromo went viral. […] The post Underage
A Brazilian judge has opened an investigation of Elon Musk for obstruction of justice after the tech mogul said he would defy a court order to remove X accounts accused of spreading disinformation. In a decision on Sunday, Supreme Court Justice Alexandre de Moraes said the probe will examine whether Musk, who owns X, engaged […] The post Brazilian judge orders
Ghana does not need the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) for economic growth, an economist Dr John Kwakye has said. In the view of the Director of Research at the Institute of Economic Affairs (IEA), Ghana can develop by relying on its natural resource wealth. “We don’t need any SDRs […] The post Economist
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the excessive subscription of government bonds. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the prolonged maturity period of […] The post Many
By Ebenezer Chike Adjei NJOKU ([email protected]) Indigenous financial services provider, CalBank is aiming to raise GH¢600 million in fresh capital through a renounceable rights issue. This capital injection will aid the lender’s recovery from the effects of the Domestic Debt Exchange Programme (DDEP) and fuel its future growth plans. The move will offer existing shareholders […] The post
A fiscal report authored by Banking Consultant Dr Richmond Atuahene and Data and Research Analyst Isaac Kofi Agyei has painted a grim picture of Ghana’s banking sector, attributing it to the new Cash Reserve Ratio by the Bank of Ghana. Titled ‘Thirsty Banks: Ghana’s 2023 Challenge with High Cash Reserve Ratios,’ the report highlights the […] The post Many
By Rashidatu IBRAHIM An economist and advisor on South-South Cooperation and Development Finance at the South Centre, a Geneva-based intergovernmental organisation, Yuefen Li, has urged African countries to enforce regulations that require multinational corporations to contribute a greater share of taxes for their operations within these nations. She noted that implementing such measures would serve […] The post
A UK-based Nigerian travel content creator and solo driver has finally reached Lagos after a 68-day journey driving from London to Nigeria. Pelumi Nubi, who announced her ambitious road trip in January, was welcomed by Nigerian officials upon her arrival at the Nigeria border with Benin on Sunday. The 28-year-old solo traveller’s arrival was broadcast […] The post Nigerian
Aggrieved Customers of the defunct Gold Coast Fund Management have issued an ultimatum to government to release members’ locked up funds. They have given the government up to June 30, 2024 to respond to their concerns. Over 50,000 of customers have their investments locked up following the revocation of the company’s licence by the Securities […] The post Aggrieved
The former head of Nigeria’s central bank governor is expected to appear in a court in Lagos on Monday after fresh charges alleging misuse of office and corruption were filed against him by the anti-corruption agency on Friday. Godwin Emefiele is already facing procurement fraud charges in another court in the capital Abuja. He has […] The post Nigeria files fresh
Food charity World Central Kitchen (WCK) has called for an independent investigation into the killing of seven of its staff by Israeli drone strikes in Gaza. It comes after the Israel Defense Forces (IDF) said “grave mistakes” led to the fatal targeting of the workers. An Israeli military inquiry led to two senior officers being […] The post Gaza: Israel
Fidelity Bank Ghana has been recognised by Ianmatsun Global Services at a ceremony held at the Kempinski Gold Coast Hotel for its steadfast commitment to gender equality. The bank secured a coveted spot among the top 50 employers for gender equality in Ghana and achieving the prestigious distinction of Gender Equality Champion within the banking […] The post Fidelity
Executive Director of Child Rights International, Bright Appiah, has revealed that the girl at the centre of the child marriage controversy is 15 years old, not 16 as previously claimed by the Nungua Traditional Council. The 63-year-old Gborbu Wulomo, Nuumo Borketey Laweh XXXIII, has faced significant backlash after a video of him marrying the minor, […] The post Girl
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