Veteran journalist Kweku Baako Jnr says the public backlash against Bank of Ghana (BoG) for purchasing gold watches for retiring staff is driven by emotional and not rational arguments. Nonetheless, it is a controversy which history shows, the masses will always win. The Central Bank has been on the defensive after news broke that it … Read more
Deputy Finance Minister, Ato Forson says NPP Vice-Presidential candidate Dr. Mahamudu Bawumia is too fixated on statistics that he failed to see the real life impact of President Mahama’s policies. He said the success of President Mahama’s government should be measured by the real life examples of progress. “….when a political party reduces the Ghanaian … Read more
The Central Bank of Ghana has insisted that it has not signed a contract with a Swiss company to supply it with gold watches to be given as ex gratia to some workers who are due for retirement. Onua FM’s source at the central bank said contrary to media reports that the watches have been … Read more
The Central Bank of Ghana has insisted that it has not signed a contract with a Swiss company to supply it with gold watches to be given as ex gratia to some workers who are due for retirement. Onua FM’s source at the central bank said contrary to media reports that the watches have been … Read more
The World Bank President says he does not think Ghana and other African countries with high debt levels are at risk of falling into debt distress or “Highly Indebted Poor Country (HIPC)” category. Jim Young Kim was responding to a question about how the rising debt levels of some African countries, especially for those that … Read more
As the December 7 Day-of-Reckoning inexorably dawns on them, the leaders of the National Democratic Congress (NDC) have plunged themselves into panic mode. Now, having miserably failed to pooh-pooh the genius of the Oxbridge-educated Dr. Mahamudu Bawumia, these desperate societal sponges and thoroughgoing economic parasites have resorted to earnestly pleading with the former Deputy-Governor of … Read more
The Bank of Ghana (BoG) has reacted to media reports that it spent $504,000 on gold watches for its staff as end of service benefit. According to the media reports, the BoG spent $504,000 which is equivalent to GH¢2 million to purchase “24 pieces of 18-carat ladies’ gold watches and 48 pieces of gents gold … Read more
The Bank of Ghana is yet to pay for the 72 Gold watches it intends purchasing for its retiring staff, sources at the bank have told StarrFMonline.com. The Central Bank is also yet to sign a contract for the supply of the luxurious watches even though it has singled out a contractor for the transaction. … Read more
By Eric Bawah In the medieval days, the phrase “throwing down the gauntlet” means to challenge or confront someone to a formal challenge or a duel. A gauntlet is a heavy armoured gloves worn by medieval knights. In an age when chivalry and personal honour were paramount, throwing a gauntlet at the feet of an … Read more
The Bank of Ghana has played down public outcry about stories doing the rounds that the Central bank has been insensitive with the kind of benefit handed out to deserving staff who have worked with the bank for 30 years or more. However, an independent analysis of the amount of money spent on the watches … Read more
Vice Presidential Candidate of the New Patriotic Party (NPP) Dr. Mahamudu Bawumia celebrates his 53rd birthday today with a constituency campaign launch at Tano North in the Brong Ahafo Region. Dr Bawumia joins NPP Member of Parliament (MP) for Tano North Freda Prempeh, to launch her reelection campaign bid on today ahead of the party’s … Read more
The Bank of Ghana (BoG) understands better the state of the country’s economy. Unfortunately, the level of frugality which should characterize a country in economic stress is not what the apex bank has exhibited. The BoG is reported to have purchased Hollywood grade wrist watches for retiring staff at prices which cannot be commensurate with … Read more
The Ghana Integrity Initiative (GII) has questioned the justification by the Bank of Ghana to sole source the procurement of gold watches for their retiring staff. GII is of the view that an open tender would have been the best option. Some documents sighted in some media reports indicated that on July 22, 2016, the … Read more
The Chief Executive Officer of Zoobashop, Mr Albert Biga, has called on the Bank of Ghana to introduce interventions that will promote cashless transactions. The Central Bank is seeking to promote a cashless society but Mr Biga said the actions of some banks were not helping with the way they conducted their transactions. “Banks charge … Read more
The immediate Chairman of the Public Accounts Committee and former Member of Parliament for Afigya-Sekyere West constituency in the Ashanti Region has questioned the decision by the authorities at the Central Bank to spend hooping US$504,000 on gold watches as a retirement benefit to some workers of the National Bank. Mr. Albert Kan Dapaah said … Read more
At a time when unemployment rate especially among the youth keeps rising, the economy is struggling and the Ghana Cedi is one of the worst performing currency across the globe, it is unbelievable that the Bank Of Ghana would rather focus on blowing over half a million dollars of the taxpayers money on buying gold … Read more
A former Deputy Governor of the Bank of Ghana (BoG), Emmanuel Asiedu Mantey has put up a stern defense of the Central Bank’s decision to spend a staggering GH?2million to purchase gold watches for its retiring staff. According to him, public outcry that the money being used to purchase the watches is tax payer’s money … Read more
Barely two months after parliament passed the Bank of Ghana (BoG) Amendment Bill, the International Monetary Fund (IMF) has punched holes into the Act and is demanding fresh amendments to introduce a number of new provisions. It said the provision allowing central bank financing of up to five percent of previous years’ revenue, as well … Read more
The former Managing Director and Chief Executive Officer of Amalgamated Bank Limited, (now Bank of Africa) Mr. Menson Torkornoo has slammed the Bank of Ghana for its decision to purchase 72 gold watches for some retiring staff. BoG on Wednesday confirmed a Starrfmonline.com exposé that it was spending a whopping €450,000 – an equivalent of … Read more
New Patriotic Party (NPP) vice presidential candidate Dr. Mahamudu Bawumia has rubbished claims that he benefitted financially from the National Democratic Congress (NDC) government in furthering his education. He described such assertions by the General Secretary of the ruling party as “propaganda and lies”. “Bawumia’s father joined virtually every political party that existed after independence, … Read more