A 10-year-old bright red Ferrari that was owned by Donald Trump went on the auction block in Florida on Saturday and sold for $270,000, auctioneers said. Bidding for the 2007 Ferrari F430 F1 Coupe was expected to be between $250,000 and $350,000, Bloomberg reported. On the Fort Lauderdale auction block, at which ‘Hail to the Chief’ … Read more
A 10-year-old red Ferrari set to go on auction in Florida on Saturday is attracting an unusual amount of attention thanks to a previous owner: President Donald Trump. Car lovers, conservative supporters and curiosity seekers admired the 2007 F430 coupe at a convention center in Fort Lauderdale 30 miles (50 kilometers) north of Miami, where … Read more
Deputy Roads Minister-designate, Kwabena Owusu Aduomi, has advocated for an open competitive bidding in the award of road contracts. He explained government could save about 10 percent on the cost road construction if the process for issuing a road contract is open and competitive without discrimination. Taking his turn before Parliament’s Appointments Committee Wednesday, the … Read more
The Procurement Minister nominee, Sara Adwoa Safo, has said the New Patriotic Party (NPP) government will resort to sole sourcing once the conditions are met. She said the method is permitted in law but “it is an exception to the rule”, rather than being the rule. The deputy Minority leader, James Kludze Avedzi has warned … Read more
The Minister of Monitoring and Evaluation, Anthony Akoto Osei, has downplayed suggestions for government to consider sole sourcing its contracts. The Deputy Minority Leader, James Kludze Avedzi, had argued that government’s decision to totally forgo sole-sourcing in awarding government contracts might delay critical projects since sole-sourcing has its own benefits. Mr. Avedzi revealed that going … Read more
A telephone used by Adolf Hitler during World War Two is to be auctioned in the US this weekend. The red phone, which has the Nazi leader’s name engraved on it, was found in his Berlin bunker in 1945. Soviet soldiers gave it to British Brg Sir Ralph Rayner as a souvenir shortly after Germany … Read more
The last-minute contracts awarded by the previous Mahama-led National Democratic Congress (NDC) government in the cocoa sector are beginning to come to light. The recently-sacked Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), Dr. Stephen Opuni, is said to be the main brain behind the award of the contracts totaling about $512 million … Read more
A little over a year ago, the telecoms industry of this country witnessed what could be described as a fierce fight from a hurriedly-constituted group of about ten local companies calling themselves the Ghana ICT Chamber against the move by the previous government to auction two slots in the 800MHz spectrum band compatible with 4G … Read more
A little over a year ago, the telecoms industry of this country witnessed what could be described as a fierce fight from a hurriedly-constituted group of about ten local companies calling themselves the Ghana ICT Chamber against the move by the previous government to auction two slots in the 800MHz spectrum band compatible with the … Read more
Billions of Ghana Cedis are spent each year by the Ghana government buying goods and services for public projects; majority of this is spent in the construction sector. The construction sector worldwide has repeatedly been known to be susceptible to corrupt practices and this has primarily been during the pre-contract procurement stage not to say … Read more
An economist, Dr. Lord Mensah, has said the auctioning by the central bank of part of the US$1.8 billion cocoa syndicated loan proceed could impact negatively on the local currency. His argument stems from the fact that commercial banks are likely to bid for the dollar above the current interbank rate of GH¢3.98, which could … Read more
The Bank of Ghana(BoG) will today auction the first of three dollar auctions for this year to commercial banks in the country as part of moves to stabilize the cedi. The 1.8 billion dollar proceeds which are from the cocoa syndicated loan, will be embarked on this morning with a volume target of 20 million … Read more
The Bank of Ghana (BoG) will from this Wednesday, November 30 start selling part of the $1.8 billion dollar cocoa loan to commercial banks. The Central Bank to this end has released regulations for interested banks and the calendar to guide the auction. The Bank of Ghana in a notice said only those who are … Read more