Directors must also go through vigorous interviews before appointment – Justice Sao The Chief Executive of Institute of Directors, Justice Awuku Sao is asking corporate institutions not to appoint people as directors without looking at their competence. According to him, the way directors of institutions are appointed in the country leaves much to be desired … Read more
Unibank’s sponsorship deal with Black Stars hangs by a thread after the indigenous bank was declared insolvent by the Bank of Ghana on Tuesday. In November 2016, Unibank renewed its partnership with the Ghana FA by signing a three-year-deal worth US$ 1.2m. The Bank of Ghana has appointed audit firm KPMG as Official Administrator aimed … Read more
Vice President Dr Mahamudu Bawumia has stated that the current aggressive posture of the Auditor General combined with the renowned anti-corruption tendencies of the newly appointed Special Prosecutor is the clearest evidence yet of the Nana Akufo-Addo-led government’s determination to fight the canker of corruption. Speaking at the 8th Annual Accountability Lectures and the launching … Read more
The Commercial Division of the High Court in Accra hearing the tax assessment case brought against the Ghana Revenue Authority (GRA) by Vodafone Ghana has adjourned hearing to March 8, 2018. The adjournment was at the instance of the Plaintiff, Vodafone Ghana following the inability of the GRA to be in court on Tuesday, February … Read more
The Auditor-General (AG) will surcharge public officials, who have misappropriated funds. The AG, Mr Daniel Yaw Domelevo, said he had activated his constitutional authority, under Article 187 (7) (b) of the Constitution, by disallowing the payment of all expenditures that were labelled as rejected liabilities amounting to GH¢5.479 billion. He said after a review of … Read more
Opponents to embattled amateur boxing chief Wu Ching-Kuo have begun legal proceedings in an attempt to seize control of ruling body the AIBA, executive committee member Pat Fiacco told AFP on Tuesday. “We’ve contacted a court in Lausanne so that the running of the AIBA be handed over to the interim executive committee,” the Canadian … Read more
An Accra High court will today [Friday] hear a case brought against Interior Minister, Ambrose Derry and the Comptroller General of Immigration, Kwame Sakyi by an Indian national who is contesting his deportation from Ghana. Mr Ashok Kumar Sivaram who had lived in the country for a number of years is accusing the two officials … Read more
An Accra High court will today [Friday] hear a case brought against Interior Minister, Ambrose Derry and the Comptroller General of Immigration, Kwame Sakyi by an Indian national who is contesting his deportation from Ghana. Mr Ashok Kumar Sivaram who had lived in the country for a number of years is accusing the two officials … Read more
Entrepreneurship is about solving real problems that people face in their lives. The more difficult the problems you can solve, the greater the rewards you’ll get from the market. Africa’s nanny problem is one of those huge problems that parents across the continent are desperate to solve. Despite the serious security threats that nannies now … Read more
UNESCO said Thursday its World Heritage Committee (WHC) had decided not to place the Great Barrier Reef on its list of sites “in danger” despite concern over coral bleaching. A WHC spokesperson said the Committee, which is meeting in Poland, had made the decision late Wednesday and expressed “deep concern” over two years of back-to-back … Read more
Basketballs, electric scooters and rainbow-coloured umbrellas — nothing seems out of bounds in China’s booming “sharing economy”. Where once Chinese consumers would look to shell out on items such as luxury handbags or cars, now they can rent them for short periods taking advantage of the explosion of mobile payment technology. As ever with China, … Read more
The EU warned Monday of possible violence in Kenya’s elections as it deployed observers ahead of the August 8 poll pitting President Uhuru Kenyatta against his longtime rival Raila Odinga. The European Union said the threat of poll clashes which pushed Kenya to the brink 10 years ago, could not be dismissed. “It is no … Read more
The Institute of Human Resource Management Practitioners, Ghana (IHRMP), has conferred Fellow status to 20 Practitioners who have distinguished themselves and are in good standing. The fellows include the Acting Director General of the Securities and Exchange Commission (SEC), Mr. Alexander Williams; MD of ADB Bank and Chairman of the Board of Trustees of IHRMP … Read more
New Delhi is hoping to privatise Air India to make the ailing national carrier more competitive, but experts say debts of at least $8 billion could deter buyers. India’s finance minister said on Wednesday the government had approved a plan to sell a stake in Air India, which has long struggled to compete with privately-owned … Read more
Three decades after it abandoned vinyl production, Sony says it will start making records again on the back of surging demand for the retro music format. A factory southwest of Tokyo will be churning out freshly pressed records by March next year, Sony Music Entertainment said Thursday. The Japanese giant stopped making vinyl records in … Read more
Kenya’s election commission announced Tuesday that there would be five million new voters taking part in August polls, raising the stakes for incumbent Uhuru Kenyatta and his longtime rival Raila Odinga. After the first-ever audit of the voter’s register — often seen as a key point at which an election can be rigged — the … Read more
The second annual Exclusive Men of the Year (EMY) Africa Awards took place Saturday night at the Gold Coast Kempinski Hotel in Accra, with Dr Kwabena Duffour emerging as the Ultimate Man of The Year, the biggest award on the night. Awards were presented in different categories to honour astute and distinguished gentlemen who have … Read more
Australia’s under-pressure Great Barrier Reef is an asset worth Aus$56 billion (US$42 billion) and as an ecosystem and economic driver is “too big to fail”, a study said Monday. The World Heritage-listed reef is the largest living structure on Earth and its economic and social value was calculated for the first time in the Deloitte … Read more
The Ghana Revenue Authority (GRA) has served notice that it will be compelled to sell off the assets of National Communications Backbone Company (NCBC) within the next fourteen days should the company fail to provide proof to benefit from capital gains tax reliefs. The NCBC, which is a subsidiary of Vodafone Ghana is reported to … Read more
Hollywood star Leonardo DiCaprio confirmed Friday that he has turned over an Oscar won by Marlon Brando, along with other gifts, amid an inquiry into a multibillion-dollar money-laundering scheme involving a Malaysian sovereign wealth fund. US authorities are seeking to recover billions in money and assets allegedly embezzled by businessmen with political connections in Malaysia. … Read more