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Ghana

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  • ESLA pays GHc500m interest to investors

    May 4, 2018 1:07 PM 108

    Managers of the ESLA bond, have paid an estimated 228 million cedis as first gross interest payments to investors who bought into the 7 year bond of the six billion cedis energy sector bond. The bond, which formed part of the first tranche of the issuance, attracted an interest rate of 19 percent. A statement from ESLA and copied to Citi Business News said, “Managers

  • Deposits still major source of funds for banks – BoG report

    April 5, 2018 5:35 AM 222

    Customer deposits still remain a major source of revenue for commercial banks. As a result, commercial banks also bear greater responsibility to their customers in earning interests on such deposits. The latest banking sector report by the Bank of Ghana shows that deposits accounted for 62.5 percent of the banking industry’s assets as at December 2017. According

  • Reduce TV hours, study hard – DCE

    April 3, 2018 3:33 PM 191

    The Upper West Akim District Chief Executive (DCE), Mr Eugene Sackey, has advised pupils to avoid spending long hours watching television and concentrate more on their studies. He said the government would continue to support education through various reforms in the district and the country as a whole. Mr Sackey, who was speaking at the 80th anniversary

  • Renegotiate US ‘military base’ deal – Ablakwa dares Nana Addo

    April 3, 2018 2:10 PM 231

    The Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has challenged President Nana Akufo-Addo to renegotiate the Ghana-US defence cooperation agreement that has received widespread criticism from the public. In an open letter to the President, Mr Ablakwa said the President’s silence on the matter was uncharacteristic of the man known to be very vocal

  • Olympiakos players fined £350,000 and ordered to ‘go on holiday’

    April 3, 2018 10:14 AM 226

    Olympiakos players have been fined 400,000 euros (£350,000) and ordered to go on holiday by the club president following poor results. The Greek champions are third in the Super League after three wins in their past eight games. Shipping magnate Evangelos Marinakis, who also owns Nottingham Forest, was quoted in the Greek media as telling the players

  • 2nd Image Hair and Beauty Academy holds graduation ceremony [Photos]

    April 3, 2018 6:00 AM 219

    Over 200 students graduated from the 2nd Image Hair and Beauty Academy at a brief ceremony on Saturday. The event, held at the Trade Fair Centre in Accra, had in attendance, the Minister for Tourism and Creative Arts, Catherine Afeku, among others. Addressing the graduates, the CEO of 2nd Image International, Nikki Boa-Amponsem, challenged them to put the skills

  • UPSA GRASAG makes Easter donation to Christ Faith Foster Home

    April 2, 2018 4:21 PM 215

    The University of Professional Studies’ (UPSA) Graduate Students Association (GRASAC), last Friday donated assorted items to Christ Faith Foster Home at Frafraha in Accra. The items included clothes, stationery, groceries, detergents and sanitary wear, among other things. The donation formed part of the group’s initiative to put smiles on the faces

  • We’re ready to deal with increased operations at KIA – Immigration Service

    April 2, 2018 4:14 PM 180

    The Kotoka International Airport (KIA) Command of the Ghana Immigration Service (GIS) has indicated its readiness to manage the new terminal of the Airport which is expected to be completed soon. “Let me touch on our readiness for terminal 3. We are near completion of P3. The command is bracing for expanded operations at the terminal. The Immigration

  • Easter Orphan Project: Citi FM donates to 3 orphanages

    April 2, 2018 4:07 PM 216

    Citi FM has donated assorted items worth thousands of cedis to the Baptist School Complex and Orphanage (BASCO) as part of the 2018 Easter Orphan Project. The items donated included bags of rice, sugar, cereals as well as drinks and stationery. Staff, clients and listeners of the station contributed the items which were donated on Easter Monday

  • West Brom part company with manager Pardew

    April 2, 2018 2:47 PM 218

    West Bromwich Albion have parted company with manager Alan Pardew after eight successive league defeats. The 56-year-old was appointed on 29 November after the Baggies sacked Tony Pulis following a run of 10 Premier League games without a victory. A 2-1 home defeat by Burnley on Saturday left bottom club Albion 10 points from safety with six games left. Coach