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Ghana Stock Exchange takes action against non-performing companies

The Ghana Stock Exchange (GSE) on Wednesday said it was taking actions against some non-performing listed companies in line with its listing rules for poor financial performance and inability to hold annual general meetings. In a statement the GSE said the move was to protect investors and to ensure an orderly market. …

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Former President Mahama appeals for peace in Liberia

Former President John Dramani Mahama, Head of ECOWAS Election Observation Mission to Liberia has met two candidates with a call on them to exhibit maximum collaboration for peaceful and credible elections. He reiterated at separate meetings with the presidential flag-bearers, who emerged from the inconclusive first round balloting of 10th October that …

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Some 7.3 million metric tonnes of cargo goes through Takoradi Port

As of the end of November this year a total of 7.3 million  metric tonnes of cargo had passed through the Takoradi Port as against six million metric tonnes in 2016, representing a 1.3 metric tonne increase. Captain Ebenezer Afedzi, Director of Port who announced this  during a press soiree …

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I will prosecute all corrupt officials irrespective, in due course – Akufo-Addo

President Nana Akufo-Addo has indicated his government’s readiness to prosecute all corrupt officials irrespective of their backgrounds. He said “one by one we shall see, when the time comes, the clear lines between corruption and politics would be for all to see it’s just a matter of time”.      President …

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Former NCA Board Chairman, four others in court over alleged malfeasance in $8m deal

Eugene Baffoe-Bonnie, former Board Chairman of the National Communications Authority (NCA) and four others have been arraigned at the Commercial Court (High Court Division) over the alleged fraudulent purchase of Cyber Security Surveillance systems at $8 million. The system, which was to be used in the fight against terrorism, reportedly …

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MiDA says it’s ready for bids on ECG Private Sector Participation

The Millennium Development Authority (MiDA) is now ready to receive Proposals from bidders detailing how they plan to manage, invest in, and operate the assets of the Electricity Company of Ghana, (ECG) to improve the financial and operational fortunes of the Company. This follows the release of the final Request …

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World Bank approves $200m IDA credit support to Ghana

The World Bank yesterday announced a $200 million International Development Association (IDA) credit to Ghana. The Bank says the credit is to support Ghana in strengthening its institutions, improving competitiveness for job creation, and maintaining social safety nets to protect the poor and vulnerable. What the Bank calls the Second …

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President tells media to remain committed to the truth

President Nana Addo Dankwa Akufo-Addo has challenged the media to remain committed to the truth at all times. In an interaction with the Presidential Press Corps (PPC) at the Flagstaff House in Accra, he urged the media to discharge its mandate without fear or favour and to leverage its role …

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ECOWAS sets up Committee to study implications of membership of Morocco, Tunisia and Mauritania

At the end of the 52nd Summit of Heads of State of the Economic Community of West African States (ECOWAS) in Abuja, Nigeria December 16, 2017, the bloc has set up a Committee of Heads of State and Government to adopt the terms of reference and supervise a comprehensive study …

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