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Private enterprises operating in the country say the high interest rates were negatively affecting their operations in the country.
According to the enterprises, they are unable to make profits to expand their businesses due to the high interest rates .
Chief Executive Officer (CEO) of PEF, Nana Osei-Bonsu, who disclosed this to the media in Accra, blamed government for the situation, saying such rates do not exist anywhere in the sub-region.
“How viable can businesses survive with this kind of rates? We are in a global village where we are competing with the rest of the world and this kind of situation puts us at a complete disadvantage.”
As of now, interest rates in the country are hovering around 31 percent on the average. Read more...
The Electricity Company of Ghana (ECG) has agreed to government’s directive to purchase electric meters from local manufacturers to undertake their electrification projects.
The government directed the ECG last Friday to purchase their electric meters from local companies instead of importing them.
This, according to government will provide ready market for local companies who manufacture such products.
Speaking to Citi News, the Head of the Public Relation Office of the ECG, William Boateng indicated that his outfit will expedite action on the decision to support local companies. Read more...
THE EASTERN regional police command has arrested three suspected dangerous weapon wielding armed robbers at their various hideouts in the region.
The suspects are a 57-year-old blacksmith, Yaw Bediako popularly known as Wofa Yaw and his two accomplices, Kwaku Adjei, also known as Abatsa, 22 and Kwaku Dautey.
However, two other suspects, Kwasivi alias Goslow and Thomas Kofi alias Obolo are on the run. The suspects were said to be preparing ahead of the Christmas festivity to rob unsuspecting residents. Read more...
A major health crisis is looming in the Ashanti Region with hospitals in Kumasi running short of drug supplies as a result of indebtedness to the regional medical stores, Dr Kwasi Yeboah Awudzi, Kumasi Metro Director of Health Services, has said.
According to him, health facilities in the city have resorted to private pharmacists for supply of essential medications on credit, but they are also refusing to continuously give to the distressed facilities because of the huge debts pilling up. Read more...
Growing demand for real estate can fuel Ghana’s economy; according to the maiden research Report dubbed Real Estate in the Emerging Markets released on Wednesday by the leading property website Lamudi.
The company’s inaugural white paper provides a comprehensive overview of the future of the property sector in 16 countries in Asia, Africa, the Middle East and Latin America.
The Report which was made available to the Ghana News Agency by Fidel Amoah, Lamudi Content Manager; provides a comprehensive overview of the future of the property sector in 16 countries, including Ghana.
Based on a series of online surveys conducted with house-hunters and real estate agents in each country, the report examines the habits of online property-seekers. Read more...
The Herald's trails into the arrest of the Ghanaian lady, who was busted by the UK authorities for sending cocaine worth US$5 million, continue to reveal very interesting details about the woman, who is assuming an unpleasant tribute as “The Cocaine Angel”.
The lady, who is being held in the custody of the UK Scotland Yard, under the name, Nayeli Ametefeh, but has Ruby Appiah, as her real name and also uses Ruby Adu-Gyenfi, according to friends, will do anything, including consulting shrines for super natural powers and also trading her precious body parts to have her way.
Ruby Appiah, is a mother of three. She was once married to a Kumasi-based very popular vehicle Spare Parts dealer called Addae. She is said to have changed her looks through plastic surgery to her whole body by altering her face, hips, belly and other parts, making her appear younger, light skinned and sexy. Read more...
Mali's Ministry of Health has confirmed an additional two new cases of the Ebola virus disease.
A statement issued by the World Health Organization (WHO) and copied to the Ghana News Agency on Wednesday said, the first, confirmed on November 22, occurred in the 23-year-old fiancée of the 25-year-old nurse who attended the Grand Imam from Guinea; which was the index case in this outbreak and died of Ebola on November 11.
It said the young woman developed symptoms on November 19 and, on November 20, was hospitalized in isolation at Bamako’s Ebola treatment centre, a new facility which opened last week.
It said: “Because of her association with the nurse, most of her close contacts were already under surveillance.
"Her case was detected early in the disease course. Her quick isolation has further reduced opportunities for community exposures. Read more...
There was a confrontation between officials of the Forestry Commission (FC) and some policemen at the Achimota Forest over the right of the commission to construct a fence to protect the forest.
The FC had begun the construction of the fence last Friday to prevent further encroachment on the reserve by an estate developer.
However, the police arrived at the site claiming they were acting on the orders of the Accra Regional Police Command to stop the project.
As of 2.15 p.m last Monday when officials of the FC led a team of journalists to the site, the policemen still insisted that the place was a ‘no go’ area for even officials of the FC.
One of them insisted that the Accra Regional Police Commander had instructed them not to allow anybody into the area.
But the Commercial Development Manager of the FC, Rev David Kpelle, maintained that there was no need for the FC to obtain permission from the Accra Regional Police Commander in order to show reporters the boundaries of the forest. Read more...
The Police say they have put in place firm measures to make the roads safe, in order to prevent fatalities during the Christmas season.
Police Chief Superintendent Peter Gyimah, Ashanti Regional Commander of the Motor Traffic and Transport Unit (MTTU), said they would show strong presence and visibility on the roads.
They would also deploy radar guns, breathalyzers and tyre gauge, to make sure that the right things were done.
He told the Ghana News Agency (GNA) that no effort would be spared to help drivers to operate within the traffic regulations, to prevent innocent lives from being lost, people from getting maimed and having to live with permanent deformities. Read more...
A self-professed man of God, who allegedly posed as a presidential staffer and swindled four people of cash totaling GH¢160,000 under the pretext of getting them United States travel visas, has been arrested to face justice.
Reverend Kwame Owura Bempah, was on Tuesday put before a Kumasi Circuit Court, presided over by Mr. William Boampong, to answer for his crime.
Bempah who is facing charges of impersonation, conspiracy and fraud, pleaded not guilty, and was granted a 500,000-Ghana Cedi bail with two sureties to re-appear on Tuesday, December 9. His two other accomplices, Kwabena Owusu, and one Peprah, are on the run. Read more...