Category: HEADLINES

FORMER BOG DEPUTY GOVERNOR CAUTIONS BANKS

As the Central Bank of Ghana makes great strides in cleaning up the banking sector which has seen many banks, savings & loans, as well as Microfinance companies, closed down, a former Deputy Governor at the Bank of Ghana Mr. Emmanuel Asiedu-Mante has cautioned existing and operational financial institutions to ensure compliance with regulatory requirements.

Speaking to the media after he delivered the keynote address at the 40th-anniversary celebration grand durbar of Kintampo Rural Bank Limited held at the College of Health and Well Being at Kintampo in the Bono East region, Mr. Asiedu-Mante also advised banks to take advantage of technology whilst they also watch out for disruptions such as cyber-fraud and other factors that could result to financial crisis. 

SEE ALSO: COVID-19 Cases Rises Up

He added that the Bank of Ghana believes in few but stronger banks than numerous and weak banks that would risk depositors’ investment hence wouldn’t hesitate to crack the whip on companies that flout the Banks and Specialized Deposits Taking Institutions Act, 2016 (Act 930), Data Protection Act, 2012 (Act 843), Bank of Ghana/ARB Apex Bank directives and other statutory requirements including payment of SSNIT contributions, taxes, and all statutory provisions.

Story by Emmanuel koranteng. // Shop @ Torsaa

The vice president of the Republic of Ghana Dr. Mahamudu Bawumia, on the 10th Dec 2019 during the dedication of the Maker’s house chapel international made a statement that Muslims should believe in Jesus Christ.

There has been a rumor across the world that  Muslims do not believe in Christ that is the reason why in some of the Arab states  Christians are been killed. 

To rubbish this claim, the vice president of Ghana  In his speech, he said that “he believes in christ before the end of the world, Jesus Christ will come back to the earth to save us from the antichrist.”

In addition, he said that if you are muslin and you don’t believe in Jesus  Christ, you are not a true Muslim.

  STORY  BY : TORRO MAIMOUNATOU

The Chamber of Petroleum Consumers has hinted of another upward adjustment in fuel prices at the pumps.

According to the chamber, the National Petroleum Authority (NPA) has written to Petroleum Service Providers notifying them of an adjustment “some elements on the already high petroleum price build-up and fuel prices”.

Fuel prices went up only last week.

“Our attention has been drawn to a Memo from the National Petroleum Authority ( NPA ) dated Friday 13/12/2019, to all Petroleum Service Providers indicating a decision to further increase some elements on the already high petroleum price build-up and fuel prices.

“Per the directive which is expected to take effect tomorrow, 16/12/2019, all Oil Marketing Companies ( OMCs ) and LPG Marketing Companies ( LPG-MCs ) are to apply an upward review of a combined 4 pesewas increase to Ghanaian pump prices,” the statement said.

It added: “Per the directive, the controversial BOST margin which currently stands at 3p/litre or some cumulative 10,200,000.00 from consumers is to be increased by 100% to a new rate of 6p/ litre or some cumulative 20,400,000.00 from consumers based on current conservative estimates of some 340 million litres of fuel consumed monthly, the UPPF component also gets increased by 4.7% or 1p from the current 21p/litre to 22p/ litre or some 3,420,000.00 cumulative monthly.

“Fuel prices across pumps within the country went up by some 1% just last week following from days of sharp depreciation of the cedi and is believed could go up further in the next window starting tomorrow as the cedi continues to depreciate”.

The power company said residents in the capital should expect the interruption of their power supply from Monday, December 16 to Friday, December 20.

In a communique, ECG said the power cuts will allow its engineers to undertake some emergency maintenance.

“ECG regrets the inconvenience that will arise out of this exercise,” a statement issued by ECG on Sunday said.

The affected areas will be without light from the hours of 9:00 a.m. to 4:00 p.m in each of the five days.

The areas that will be affected by the power cuts are Taifa, Dzorwulu, Kwabenya, Valley View, Oyibi, Teshie,Sowutuom, Achobo Best, Peace FM, Santana Market, Baah Yard, Masalachi, Awoshie, A Lang, Nsawam, Gbawe, Mallam, Dzorwulu, Abelenkpe, Plant Pool and Dimples.

Others are Katapor, Fise, Borkorborkor, Manhean, Oduman, CP, Joma, Agape Down, SSNIT, Red Top, Ajaco, Ayigbe Town, SCC, Old Barrier, Choice, Katamanso, Madina Borteyman and Caprice.

This comes after the ECG promised to ensure that there are no power outages across the country during the Christmas festivities.

The Company said its engineers will be on standby to make sure that Ghanaians enjoy uninterrupted power supply. 

Former President John Dramani Mahama and his NDC Hawks disrupted church activities at the Holy Ghost Revival Center of the Assemblies of God Church, South Odorkor, Accra, when members of his NDC Hawks decided to beat Rev Owusu Bempah.

Both Mahama and Rev. Bempah had been invited by the Church to grace their 30th Anniversary.

The incident happened when Rev Bempah, who had to leave earlier because he had to go and preach at his own church, was asked by the Host Pastor to exchange pleasantries with the guests who were present.

Before he got to Mr. Mahama, his host of bodyguards following him decided to stop and beat the Man of God. This brought confusion and the Congregation got upset.

After about five minutes of disruption, the congregation forced Mahama to shake hands with Rev. Bempah. Amongst the dignitaries present were National Organizer of the NPP, Sammi Awuku, Hon. Joe Appiah, Fmr MP for Ablekuma North, General Treasurer of the Assemblies of God Church, Ghana, Rev. Dr. Sam Ato Bentil, Regional Superintendent of the A/G in Greater Accra, District Pastors.

Mahama was at the church with the Constituency Executives of Ablekuma North and the Parliamentary Candidate of the NDC in the Ablekuma North Constituency.

Story by Emmanuel koranteng.

The chief of Anum-Asamankese in the Lower West Akyem municipality Barima  Nssah Kwasi Mensah Bediako iii has laminated over the poor state of the public toilet which serves about 10,000 inhabitants in his community.

According to him, residents living around the area do complain bitterly about the negative impact the abandoned toilet facility is incurring on them.

Cholera outbreak and other infections are on the rise due to the stink and unhealthy state of the place.

Residents now use the place as a refuse dump site while other criminals also nait as a hideout place.

In an interview with the Headmaster of Anum Asamankese Presbyterian Primary School Mr. Seth Agyei Acheampong he says since the abandoned toilet facility is not far from their school, the bad smell it yields normally force them to close early.

He also added that people have now turned the classroom blocks as their place of convenient which they sometimes have sex living condoms around.

The Headmaster reiterated that thieves and weed smokers recently broke into some of their offices to steal electronic gadgets and wires.

Storyby Emmanuel koranteng.