GHANA TAKING ‘CORRECT PAIN’

Austere measures ongoing in Ghana under the IMF programme are going to take a few years to pain, but they are necessary to bring the economy back to  “the usual growth”, Celeste Fauconnier, Rand Merchant Bank’s Africa Macro Strategist for Global Markets, has said.

TAKORADI PORT’S ‘OIL AND GAS SERVICES AGENDAY’ PICKS UP STEAM

The quest to position Takoradi Port as the oil and gas services hub in the West Africa sub-region has been boosted by General Electricals Oil and Gas – a sub-contractor of Tullow Oil – as the company steadily constructs its fabrication yard in the port.

DANGER IN SIGHT: THERMAL PLANTS SHUTDOWN; HYDRO DAMS BEING OVERDRAFTED

The Tema Thermal Power Plant (TT1), with capacity of 110 Megawatts (MW), has been shut down due to inadequate Light Crude Oil in the Tema power enclave.

PASTOR, ELDER SHOT DEAD AT ATEBUBU

A pastor and an elder of the Kajaji branch of the Apostolic Church – Ghana in the Sene East District of the Brong Ahafo Region have been shot dead by highway armed robbers.

LESS THAN GH¢200, 000 IN WOYOME’S 7 ACCOUNTS

Seven bank accounts of embattled businessman Alfred Agbesi Woyome in two banks hold less than GH¢200,000.

LAWYER SUSPENDED 2 YEARS

The General Legal Council has suspended Lawyer James Abiakuka, a priave legal practitioner, for two years for falsely representing to his clients that he was James Agalga, Deputy Interior Minister.

ECONOMY DYING AMID HIGH INTERESTS RATES; GHANA RANKS 2^ND AMONG HIGHEST INTEREST RATES COUNTRIES

Rising interest rates in Ghana is stoking cost of borrowing and forcing businesses to go bankrupt, research conducted by an international organisation has stated.

OUR ECONOMISTS NOT TELLING THE TRUTH

President John Mahama has taken a swipe at some economists over the state of Ghana’s economy, saying they don’t really understand the dynamics.

MINISTER SPRAYS CASH

Appointees of the Mahama-led NDC government continue to wantonly display opulence in the face of harsh economic conditions in the country.

GOVT SUED OVER VOLTA FLOODED LANDS COMPENSATION

Some claimants listed to be paid compensation in the Volta Basin Flooded Area have jointly filed a suit against the government demanding a release of the rest of the package.

MAHAMA ICT LEGACY COLLAPSING 1 YEAR AFTER COMMISSIONING

Today can report that barely a year after the commissioning of a two-ultra modern Information, Communication and Technology (ICT) centre in some parts of North Tongu constituency in the Volta Region, the projects have become a white elephant.

NDUOM JABS FRAMERS OF 1992 CONSTITUTION

Presidential hopeful of the PPP, Dr Papa Kwesi Nduom, has taken a swipe at the framers of the 1992 Constitution for giving too many powers to the executive arm of government.