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The Bank of Ghana (BOG) is collaborating with security agencies to locate and eliminate unregistered micro-finance agencies operating in the country.
Desmond Agbobah of the BOG Financial Institutions Supervision Department, gave the hint at a colloquium of tertiary students in Ho as part of the 2014 National Financial Literacy Week celebration.
The week, held under the aegis of the Ministry of Finance, was on the theme:, “Financial Literacy-Key to a Secured Future”.
Mr Agbobah said the security agencies and BOG co-operation was in line with the Central Bank’s policy, running since 2011, to reorganise the micro-finance sector.
He said as a result of that reorganisation process, micro-finance companies collapsing was rare since the past three years. Read more...
A Political Scientist says the financial bailout from the International Monetary Fund may have come “too late” to salvage the country’s ailing economy.
According to Dr. Richard Amoako Baah, the Head of the Political Science Department at the Kwame Nkrumah University of Science and Technology (KNUST), the country’s economic problems had spun out of the government’s control.
“Right now it’s out of our hands, there’s not much we can do. But I don’t think the politicians realize that. It’s not a matter of talking or a matter of wiling.”
Dr. Amoako Baah told Citi News that the country needed “outside help” but added that even the IMF bailout might not be enough to turn the country’s economic fortunes around. Read more...
President John Dramani Mahama on Saturday announced that Government would establish two gold refineries to process and add value to the country's gold before exporting.
He said the establishment of the refineries would not only give the country better value for its gold, but would also create job opportunities for more Ghanaians who would be employed in those refineries.
President Mahama announced this when he addressed the Ghanaian community at Worcester in Boston, Massachusetts, as part his 10-day official visit to the United States of America.
Since his arrival, President Mahama had addressed the 69th Session of the United Nations Assembly, attended and participated in crucial debates pertaining to the economy and governance, held bilateral discussions and engaged the business community with the hope of wooing them for investment in Ghana and Africa.
President Mahama explained that while one of the refineries would be funded by the Precious Minerals Commission, the other one was a foreign direct investment to add value and avoid the perennial exportation of gold in its raw form. Read more...
An advance team of the newly established UN Mission for Ebola Emergency Response (UNMEER) will arrive in Accra on Monday, September 29, 2014.
The team would be led by the UN Secretary-General Special Representative and Head of UNMEER, Anthony Banbury.
A press conference is scheduled to take place at 13:30hrs (1:30 p.m local time) at the VVIP lounge of the Kotoka International Airport. All media representatives are expected to be seated at 1 p.m.
As Head of UNMEER, Mr. Banbury will provide the operational framework and leadership to ensure the rapid, effective and coherent action necessary to stop the Ebola outbreak. This includes treating the infected, reinforcing essential services and taking action to ensure the disease does not spread to countries currently unaffected. Read more...
The ECOWAS Assembly of Ministers of Health has issued a seven-point communiqué developed by the co-ordinating ministerial group for the implementation of the operational plan on the Ebola virus disease.
The communiqué, which was read by Mrs Olubunmi Ojo, Director, Disease Surveillance/International Health Regulations, called for immediate deployment of West Africa Health Organisation delegation to affected countries and organisation of high level missions to neighbouring nations.
It called for organsiation of mulit-sectatoral missions to Cote d’Ivoire and Senegal to discuss immediate implementation of humanitarian, economic and health corridors in accordance with rules adopted by the Technical Monitoring and Surveillance Group. Read more...
Mr Fritz Bafour, Chairman of the Parliamentary Select Committee on Ebola prevention at Ghana’s borders, has charged security personnel and port nurses to be vigilant to ensure that the disease did spread into the country.
He said the disease could threaten the development of the country and it would be necessary for government to put up safety measures to ensure that the country prevented the disease especially at its borders.
Mr Bafour made the call during a visit to the Misiga and Mognori Immigration check points near Bawku on Thursday to obtain firsthand information on measures being put in place to ensure that the viral disease was kept away from the country. Read more...
Gov't denies closure
Cote d'Ivoire government has closed its borders with Ghana. It is not immediately clear what might have led to the closure.
Speaking on Radio Ghana's Programme, Behind the News, a Ghanaian businessman, Amoro Mprusi told Agartha Asamoah that the Ivorian government is not respecting the ECOWAS protocol on the free movement of goods and services. He said the closure is hampering trans-border trade.
He however debunked reports of demonstrations at the border.
"Reaching the border, I came across this blockade of ECOWAS tracks including the Ivoirian tracks that have carried goods from Togo, Benin, etc. who have blocked the Ivorian side of the border…and the drivers have all left their tracks and gone to town,” Amoro Mprusi told Radio Ghana. Read more...
Ghana has named Dutch legend Patrick Kluivert as the coach new coach of the Black Stars, a posting on Wikipedia claimed on Saturday.According the the internet research website, the Dutch national was named on Saturday with Maxwell Konadu as his assistant.However, the authenticity of the posting on Wikipedia could not be verified as the Ghana Football Association has not officially named as replacement for Kwesi Appiah.The position became vacant after Coach Kwesi Appiah was sacked two weeks ago, and reports indicate that high profile coaches including Kliuvert applied for the job.But the posting on Wikipedia cannot be fully trusted as several previous postings have turned out to hoax messages.The big name applicants include Bernd Shuster, former Chelsea boss Avram Grant and Dutch legend Patrick Kluivert.This posting on Wikipedia claimed Kluivert has been appointed Read more...
The Ghana Standards Authority (GSA) on Friday announced its decision to defer the implementation of the Ghana Conformity Assessment Programme (GCAP) to allow more time for further engagement with all stakeholders.
This, it said, would involve discussions and sensitization programmes to ensure that issues about the GCAP were clearly explained and understood.
Mr Eugene Adarkwa-Addae, Director of Inspection, GSA, during a press conference in Accra, said the decision was arrived at after considering all the views and pleas of some importers requiring for more time for deeper education and thorough understanding of what the programme was all about.
The Ministry of Trade and Industry, he said, had earlier recommended October 1, 2014, as the implementation date, however, under the present circumstances, the programme would be deferred until all necessary consultations and strategic education had been done. Read more...