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Oct 19, 2018
Seven persons have sustained bullet wounds after the police reportedly fired gun shots in an attempt to disperse aggrieved farmers who were demonstrating against Newmount in Akyem today (Tuesday). The aggrieved farmers have accused Newmount of acting in bad faith and failing to compensate them after destroying their farmlands. Speaking in an interview with Rainbow Radio, Kofi Denkyira, Chairman of the Newmont Akyem Affected Farmers Association,(NAAFA), slammed the police for abusing their rights by firing gun shoots and tear gas at the demonstrators unprovoked. He claims the association notified the police over the intended demonstration and were given the greenlight to organize it. He has also accused traditional leaders in the area of conspiring with Newmount to cheat farmers whose farmlands have been destroyed due to activities of the company. The persons who were shot have been sent to New Abirem whilst three of them has been transferred to Koforidua Regional Hospital for treatment. More soon...
Oct 19, 2018
As part of efforts to provide digital platform for small and medium-scale enterprises to market their goods and services to both local and international markets, a Ghana Online Market has been launched. The initiative was jointly launched by the Ministry of business development and national entrepreneurship and innovation plan (NEIP). CEO of NEIP, lawyer John Kumah said government would support 10,000 businesses with full directory, product images and brief videos onto the digital platform from October to December this year under the first phase of the project and that 8,000 jobs were expected to be created in a year. Ghana Online Mall is a business development and marketing digital platform to help small and medium-scale enterprises to use technology to market their products and services to the global community. The online platform comprised four digital platforms namely; Ghana Online Mall, Africa Online Mall, NEIP e-Mall and NEIP Marketplace. It will be a business directory for all businesses that will be hooked onto the platform to trade among themselves, showcase and sell their products to the global community. He further explained that, interested persons and businesses could visit the homepage of the digital platform through www.ghanaonline.com to register their businesses, market their goods and services for free, as well as identify potential businesses for investment relationship and funding. He also revealed that the platform will also help start-ups and small and medium-scale enterprises to access funding and global market as 500,000 businesses are expected to be hooked onto the platform in a year. He said, ‘’It forms part of the NEIP’s mandate to provide three key support services to entrepreneurship ecosystem in Ghana-Business Advisory Services, Access to Funding and Access to Local and International Market.’;’ Delivering the keynote address on behalf of Vice President Dr. Mahamudu Bawumia, Labour and Employment Minister, Ignatius Bagffour Awuah said, “The online mall platform which will be a pool of services providers with diverse backgrounds is an avenue for job creation especially for our students, unemployed graduates, busy mums, artisans and all those who can offer some form of services in the comfort of their homes. “This will further boost trade with other African countries within the context of the Continental Free Trade Area Agreement signed by 50 African countries this year,” he said. “In addition, the online mall platform, which will be a pool of service providers with diverse backgrounds, is an avenue for job creation, especially for our students, unemployed graduates, artisans, and all those who can offer some kind of services in the comfort of their homes. 8,000 jobs are expected to be created in the first 12 months.”
Oct 19, 2018
Commissioner General for the Ghana Revenue Authority (GRA), Mr Emmanuel Kofi Nti, has said the implementation of the Cargo Tracking He has therefore appealed to the Media to help in educating the public on the benefits of CTN. Mr Kofi said, the CTN would not only benefit the GRA but other state institutions including health and finance. He was addressing the media on Monday at the headquarters of GRA. ‘’The CTN provides benefits not only to GRA but other government agencies and institutions. At the custom division level, it provides a risk assessment engine to swiftly and proactively address major malpractices in the import mobilization revenue process…For the Ghana Ports and Harbours Authority, CTN will help in a broader and more comprehensive viewing of global and logistic chain and timely receipt of manifest for effective planning. For the Ministry of Finance, it will help in revenue forecast, for the Bank of Ghana, it will help in the forecasting of currency flow from the Marine time Industry.’’ The CTN he noted will also help the Ministry of Health to have control over prohibited pharmaceutical and medical products and on the part of the Ministry of Trade, ‘’CTN provides a reliable and early statistics to ascertain level of imports for strategic economic decisions. For the Ministry of Interior and Defence, monitoring of importation of weapons.’’ ‘’At the National Development Planni8ng Level, CTN will ensure reliable data for strategic national development planning…The Association of Ghana Industries; Local Industries can now compete effectively with foreign imports since the right duties would be paid to create a level playing field for all products.’’ Meanwhile, he denied being served a suit challenging the implementation of the CTN. He said, ‘’I want to say it here and now that, the petitioner never served me a copy,’’ of the suit. The Cargo Tracking Network Policy seeks to allow shipments to Ghana including transit Cargo and shipping exporters and forwarders at various ports of loading globally to obtain validated CTN number to help track the right content of consignment to avoid undervaluation at the ports. facilitation. According to the statement, the intervention is to provide greater scrutiny of our major imports for both valuation and security management purposes, a statement from GRA said. Importers whose imports, from records, exceed thirty-six (36) Twenty Foot Equivalent Units (TEUs)per year will be required to obtain a CTN Number in the country of export. ‘’This means, any importer who imports less than 36 TEUs per year is exempt from CTN compliance. Further, businesses that import more than 36 TEUs per year but can demonstrate that the nature of their imports and their turnovers make them small importers will also be exempt,’’ the statement added. ‘’These exemptions are to ensure that our small and medium scale importers, mostly petty traders, our market women and men, small distributors, and other small to medium businesses are free from the requirements of this intervention. Government will monitor closely the implementation of this important customs management tool with a view to learning the needed lessons and adjusting the scope and mechanics of the policy to achieve both the valuation and security enhancement objectives of the intervention,’’ the statement concluded.
Oct 19, 2018
Embattled businessman. Alfred Agbesi Woyome, has descended heavily on the Deputy Attorney General, Mr Godfred Dame describing him as a small boy. He is claiming that Mr Dame is peddling lies about him and using the media to engage in propaganda over the refund of the GHc51 million wrongfully paid him. He was reacting to revelation by the deputy attorney general that, the state has uncovered substantial properties supposedly owned by Mr Alfred Agbesi Woyome estimated at $1.5million each that could prove vital in retrieving the GH¢51.2 million judgement debt he received from the state. This disclosure was made by Deputy Attorney General Godfred Yeboah Dame moments after the Supreme Court had adjourned hearing of a case in which defunct UT Bank claimed to be the receiver of certain properties of (Woyome) the state had identified. The court presided over by Justice A Benin, directed UT Bank to mount the witness box and give evidence but the witness was not in court. The presiding then ordered lawyers of defunct UT Bank to make available their witness next Monday, October 22. But Mr Woyome in an interview with Accra based Citi FM wondered why the state officer was ‘’spewing lies’’. The businessman who has been asked to refund the GHc51 million back to the state said, he felt sad when he heard Godfred Dame using the media to ‘’spew lies.’’ According to him, he has never disrespected the court and has threatened to drag the deputy attorney general to court over the matter. He alleged Godfred Dame sent army officers to his house to intimidate him earlier this year. ‘’He should do his job properly…He should stop spewing lies, he should respect the court and stop spewing lies.’’ He went on to state he is not a king Kong to prevent state officials from retrieving the GHc51 million. Mr Woyome said, ‘’somebody higher in the NPP should talk to him…they should call Odame to order…Odame you are a small boy, you are just growing up.’’ When his attention was drawn to the fact that he was personally attacking Mr Dame, he refuted insisting he [Odame] has been spewing lies about me. In 2014, the Supreme Court unanimously ordered businessman, Alfred Agbesi Woyome to refund GhȻ51.2million to the state. According to the court, the contracts upon which he made and received the claim was in contravention of Article 181 (5) of the 1992 Constitution of Ghana, which requires such contracts to be laid before and approved by Parliament. The court was ruling on a review application filed by a former Attorney General, Mr Martin Amidu.
Oct 19, 2018
Former President John Dramani has outlined his vision for the opposition National Democratic Congress (NDC). Mr Mahama has promised to lead efforts to provide decent offices for the party in the various regions and constituencies. Mr Mahama is also promising to fashion out a programme that links the youth of the party with experienced individuals for mentorship and political development that prepares them for leadership roles ‘’I will as flagbearer, create a platform for constant engagement and brainstorming among professionals and intellectuals within the party on policy and governance proposals to arrive at workable alternatives for implementation in government,’’ he assured. The former president who is seeking the opportunity to lead the NDC in 2020 said, ‘’ I will support the compilation of a database our party's human resources at the constituency and branch levels to enable us identify the capacity and qualification of NDC members.’’ Mr Mahama was optimistic of victory 2020 and believes with unity, they will surely win the 2020 race, He said, ‘’ I am committed to working hard to unify our members as well as strengthen the structures of our great party for victory in the 2020 elections
Oct 19, 2018
The State has identified five substantial properties supposedly owned by Mr Afred Agbesi Woyome estimated at $1.5million each that could prove vital in retrieving the GH¢51.2 million judgement debt he received from the state. This disclosure was made by Deputy Attorney General Godfred Yeboah Dame moments after the Supreme Court had adjourned hearing of a case in which defunct UT Bank claimed to be the receiver of certain properties of (Woyome) the state had identified. The court presided over by Justice A Benin, directed UT Bank to mount the witness box and give evidence but the witness was not in court. The presiding then ordered lawyers of defunct UT Bank to make available their witness next Monday, October 22.
Oct 19, 2018
Ghanaian movie producer Danfo BA who was originally knows as Kwaku Boakye, has died. The movie producer died on Sunday October 14, 2018 at the Korle-bu Teaching Hospital in Accra. According to sources, Danfo BA, who had been sick for the past year, could not get well after visiting a lot of health centres for cure. He was the producer of popular Kyeiwaa Movie, which featured Ghanaiaan actress Rose Mensah. His one week celebration will be held at the Firm Foundation Academy on 21st October, 2018.
Oct 19, 2018
The banking sector is not in crisis as suggested by some people, Governor of the Bank of Ghana, Dr,. Ernest Addison has assured. According to him, about 90% of industry players are operating and functioning normally. Speaking in an interview with the Business and Financial Times, Dr. Ernest Addison described such suggestions as an exaggeration. “When people talk about banking crisis, then it is exaggeration. 90% of the industries are operating as normal. That I think is a message that has not been properly articulated. Secondly also, the local indigenous banks are relatively stable. The indigenous banks that are having problems are those that are perceived to be badly managed with major corporate governance issues so the industry is fairly robust.” In September this year, President Akufo-Addo emphatically stated poorly managed local banks cannot expect government support following the collapse of seven banks. Interacting with the Ghanaian community in Rwanda, the president said that after pumping ¢8bn of taxpayer's money into these banks, its poor liquidity challenges still persisted. "We cannot have a situation where dominant banks on the country are all foreign banks. It is very dangerous for our future". "If our own indigenous banks are performing poorly…at the end of the day, if we don’t take care that is what will happen [ collapse]", he said. The President stressed local banks are not above the "rigorous" law of free market economics which rewards efficiency. "The law of the market will have it that, if you are not performing efficiently you will go under."
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