Gulf oil cap appears successful

Engineers battling the Gulf of Mexico oil spill are confident that the cap over the rogue well is strong enough that they may be able to plug it by pumping mud inside, bringing the three-month disaster closer to an end, BP and the Coast…

Nigeria gets ‘bad bank’ law

The president of Nigeria, Goodluck Jonathan has signed into law a new legislation creating an asset management company to soak up bad bank loans, the Reuters has reported citing central bank governor, Lamido Sanusi Lamido. He told the news…

More than 50,000 timber workers to lose jobs

More than 50,000 employees of the timber industry in Ghana would lose their jobs as a result of the recent upward adjustment of utility tariffs. This is contained in a joint press statement signed by the Executive Secretary of the Ghana…

Ex-convict jailed for stealing phone

Darlington Afriyie, an ex-convict, was on Friday sentenced to 18 months imprisonment in hard labour by the Koforidua District “A” Court for stealing a mobile phone. Afriyie pleaded guilty to two counts of unlawful entry and stealing.…

Ghana Armed Forces rekindles lost ceremony

The Ghana Armed Forces (GAF), at the weekend took a bold step to rekindle one of its almost lost traditions, “Beating the Retreat”, with a magnificent pageant of military music, precision drills and colour at the Ghana Military Academy…