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April 5, 2018 5:35 AM Deposits still major source of funds for banks – BoG report

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 1105

April 2, 2018 2:31 PM NPP condemns attack on Eric Opoku

The New Patriotic Party (NPP) in the Asunafo South Constituency has condemned the attack on the Member of Parliament for the area, Eric Opoku. The Communications Director of the NPP in the constituency, Nana Adusei Opoku, urged the police to bring the perpetrators to book regardless of their party affiliation. “The NPP in Asunafo South does not support 986

March 7, 2018 5:28 AM Atta Kyea faces Parliament over flooding fears

The Minister for Works and Housing, Samuel Atta Akyea,would later today appear before Parliament to answer questions on how prepared government is to deal with floods associated with the onset of rains. Residents of the capital, Accra, mostly grapple with floods anytime it rains. The MP who filed the question, Kwame Agbodza, told Citi News the Minister’s 62

February 23, 2018 9:58 AM New law to track VAT electronically in the offing

Parliament will soon pass a law that will track all VAT issued at various retail centers across the country. The Fiscal Electronic Device Bill is expected to connect all Point of Sale (PoS) devices with the Ghana Revenue Authority (GRA)’s systems. The move is to ensure that VAT issuing companies do not under declare their values and also punish tax evaders 54

February 19, 2018 5:04 PM Petroleum Commission halts fast paced contract approvals

The Petroleum Commission has warned that it will not approve any petroleum contract that does not fulfill the three months’ mandatory notice ahead of its implementation. The caution follows what the Commission describes as the abuse of the law by oil companies. According to the CEO of the Petroleum Commission, Egbert Faibille, the issue also prevents 54

December 15, 2017 10:19 AM Boakye-Yiadom picks up 2017 Red Star Belgrade Player of the Year

Black Stars forward, Richmond Boakye-Yiadom, was named Red Star Belgrade’s Player of the Year at the team’s annual gala held on Thursday. Yiadom was awarded for his good goal-scoring form in the 2017 calendar year. So far, he has scored 39 goals in 48 matches for the club. The matches have been across the Serbian league, Serbian Cup and the Europa League 60

November 1, 2017 7:28 PM Diplomats on warpath against obstetric fistula

Accra, Nov. 1 GNA – Gorjiors International in collaboration with Israeli Embassy and Kempinski Hotel, Gold Coast City have held the “2017 Diplomats Run-Way,” aimed to raise funds to support Fistula Surgeries for women in Ghana. The musical and fashion event saw Ambassadors of Zimbabwe, Colombia, India, Denmark, Hungary, Australia, USA, Israel, General 125

October 31, 2017 12:11 AM Congressional Republicans tiptoe carefully around charges leveled by Mueller

They sidestepped it. They expressed alarm but not outrage. They said Congress should consider taking action. But they cautioned against moving too aggressively. Special counsel Robert S. Mueller III’s decision to charge three former officials from President Trump’s campaign sparked an array of responses from congressional Republicans Monday. But there 98

October 27, 2017 6:17 AM Gregory Afoko Responsible For Mahama’s Death – Witness

Another prosecution witness in the trial involving the murder of Adams Mahama, former Upper East Regional Chairman of the New Patriotic Party (NPP), has told the court that Gregory Afoko was responsible for the late Mahama’s death. According to Tofic Mutala, who is the fourth prosecution witness in the case, while on his sick bed at the hospital, Mahama 55

October 23, 2017 2:19 AM Planning Officers across Ghana undergo value-for-money training

Planning Officers across the country have undergone training in value for money analysis on government projects. Petroleum Revenue Management Law mandates the Finance Ministry to publish status of implementation of oil-funded projects. A report must also be submitted to Parliament on whether the projects contribute to economic activity at the local level 39