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
The Board of Cal Bank Ghana PLC has approved a GHS 600 million renounceable rights issue to be sourced through private placement of ordinary and preference shares to new investors. The issuance comprises 1,872,461,736 ordinary shares of no-par value, priced at GHS 0.29 pesewas per share, and 196,503,781 preference shares of no-par value, also priced […] The post CAL
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:
John Abdulai Jinapor, ranking member on Parliament’s Mines and Energy Committee, has asserted that the next NDC government, under the leadership of John Dramani Mahama, will inherit a weakened and anemic energy sector. He said this when he appeared on TV3’s Hot Issues programme on Sunday, March 24. According to the former deputy energy minister, […] The post Mahama
Member of Parliament (MP) for the Yapei-Kusawgu constituency and Ranking Member on the Mines and Energy Committee of Parliament, John Abdulai Jinapor, has characterised President Akufo-Addo’s letter to Parliament as “disrespectful and insulting”. He said the President could have communicated his position in a more decorous manner rather than seeking to instruct Parliament to “desist […] The post Anti-gay
Daniel Yao Domelevo, former Auditor-General, has attributed the surge in corruption and corruption-related offenses in the country to less punitive measures and weaknesses in the system to apprehend perpetrators. He said that when there is no control mechanism to track the activities of citizens, people are likely to take advantage of the situation. The former […] The post Less
The Human Rights division of the High Court has adjourned the case involving the office of the Special Prosecutor and Charles Bissue to April 17, 2024. This delay stems from the fact that the case has yet to be assigned to a new judge following the retirement of Justice Nicholas Abodakpi, who previously presided over […] The post Court adjourns Special
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
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
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
In an initiative to improve teaching and learning at the basic school level, ASA Savings and Loans Limited through it Odorkor Branch has presented some infrastructure needs to the Odorkor ‘1’ KG and Primary School in the Ablekuma North Municipality of the Greater Accra Region. The team led by the Area Manager of the company, […] The post Odorkor
Charles Bissue Charles Bissue, a former Western Regional Secretary of the New Patriotic Party (NPP), won the party’s parliamentary primaries in the Essikado-Ketan Constituency of the Western Region on Read More... The post Charles Bissue Wins In Essikado-Ketan appeared
Assistant Commissioner of Police (ACP), Dr. Benjamin Kwasi Agordzo, an alleged coup plotter has disclosed what he suspects to be the motivation behind his arrest, detention and subsequent acquittal of charges against him. The retired senior police officer said the whole case brought against him by the state stems from a statement he made to […] The post My trial was
Retired Assistant Commissioner of Police (ACP), Dr. Benjamin Agordzo, has revealed he slept well on his first night of detention at the Bureau of National Investigation (BNI), now the National Intelligence Bureau (NIB), due to his conviction that the state has no case against him. Dr. Benjamin Agordzo was detained for the offence of abetment […] The post ‘I slept like
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
Charles Bissue’s judicial review application seeking to quash an arrest warrant obtained by the Office of the Special Prosecutor (OSP) against him has been unsuccessful. Lawyers for the former secretary to the Inter-Ministerial Committee on Illegal Mining (IMCIM) are seeking to stop the court’s directive to have him cross-examined. In their application, his lawyers claimed […] The post Charles
Founder of the New Force Movement and Ghanaian Entrepreneur Nana Kwame Bediako, popularly known as Cheddar or Freedom Jacob Caesar, has disclosed his rejection to secure loans from some financial institutions in the country. He decried several Ghanaian banks that turned down his request to grant him loans to facilitate his projects and his array […] The post Ghanaian
Richard Nii Armah Quaye Founder and Board Chairman of Quick Credit, Richard Nii Armah Quaye has announced that following stakeholder engagement the house-to-house debt collection exercise has been suspended Read More... The post Quick Loan Ends House- To-House
Nuhu Bayorbo Mahama President Akufo Addo has appointed Mr. Nuhu Bayorbo Mahama as the Chief Executive of the Students Loan Trust Fund. In a letter signed on Tuesday, January Read More... The post Akufo Addo appoints Nuhu Bayorbo Mahama as SLTF Boss
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