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March 23, 2018 5:35 AM CAL Bank records GH¢145m profit in 2017

CAL bank has posted a profit after tax of 145.2 million cedis for 2017. This is a significant improvement over the previous year’s figure of 7.2 million cedis. Despite this, the bank still acknowledges the impact of the legacy debts in the energy sector on its loan books. In the first of Citi Business News’ series of report on the performances of the listed 13

March 8, 2018 3:10 PM KETASCO gets award schemes for mathematics and economics students

An old student of Keta Senior High School (KETASCO) Martin Ankrah, has launched an awards scheme aimed at rewarding and encouraging the school’s best students in Mathematics and Economics. Presenting the “Martin Ankrah Awards Scheme” to the school’s Headmaster, Mr. Ankrah said “an awards scheme such as this creates healthy competition among students 19

February 24, 2018 8:24 AM Nigerian parents threatened with jail if children skip school

Nigeria’s oil-rich Bayelsa state is threatening parents who do not make sure their children go to school with jail terms. The state signed the new law into the books amid concerns children were not attending class despite the fact that it spent 70bn naira ($200m; £140m) on new school buildings and equipment. “We feel it is important to have this law to protect 13

February 21, 2018 5:59 AM We won’t make laws to promote gay rights – Speaker

The Speaker of Parliament, Prof Mike Oquaye, has reiterated his position that the house will not be coerced to pass any legislation that endorses gay rights. According to him, the human rights arguments often advanced for such rights are not tenable. “If you tell me that a man must sleep with a man so as to show his human rights for Ghana, I can assure 18

February 20, 2018 6:30 AM Teacher draws computer screen on chalkoard to teach pupils

It’s made even harder when tutors do not have the resources they need to do the work they have been assigned to do. A number of teachers have to improvise to get their pupils a basic understanding of the things they teach them. One ICT teacher has literally gone back to the drawing board to teach pupils in his class how to use a computer. In an ideal 15

February 16, 2018 3:00 PM AirtelTigo showers love on Adaklu Salvation Army, Tupaa MA Basic schools

With laughter and good cheer, pupils and teachers of Adaklu Abuadi Salvation Army School and Tupaa MA Basic School in the Volta and Greater Accra regions, celebrated Valentine’s Day, with telecom company, AirtelTigo. Staff of the company read to the pupils and donated school supplies, including exercise books, mathematical instruments, school bags, mugs among 15

February 2, 2018 7:31 AM Cuba: Fidel Castro’s son ‘takes own life’

The 68-year-old son of Cuba’s former leader Fidel Castro has died in Havana after taking his own life, according to Cuban state media. Fidel Ángel Castro Díaz-Balart was found on Thursday morning and is said to have suffered from depression. The first-born son of the late president was nicknamed “Fidelito”, or Little Fidel, because of the family resemblance 11

December 17, 2017 10:37 AM Nigerian spiritualist remanded for fraud

A Nigerian, Henritch Amafuel, was on Friday remanded by an Accra Circuit Court for defrauding one Francis Ayiku Otunfour of an amount of USD$ 90,000.00. Henritch was also charged with possession of counterfeit notes of USD$15,900.00 and two wraps of dried green plants seedlings suspected to be Indian hemp. He pleaded not guilty to all the charges, but was remanded 22

December 7, 2017 2:55 PM GFA to regulate activities of Football Academies

The Ghana Football Association (GFA) has announced they will soon introduce guidelines to regulate the activities of Football Academies in the country. At the moment, there is no proper regulatory framework for setting up a football academy, a situation that exposes young and desperate footballers to scrupulous football agents. GFA president Kwesi Nyantakyi 45

November 2, 2017 7:43 AM Banks Record Significant Profit Margins

The sterling performance of some banks per their unaudited third-quarter financial statements is indicative of efforts towards meeting the new capital requirement from the Bank of Ghana (BoG). The banks have adequate reserves, income surplus among others, enough to secure them firmly against unexpected contingencies. HFC Bank, which will soon rebrand 35