Archive for May, 2011

National security to investigate Herbert Mensah over 90m allegations

Posted by on May 11, 2011 at 4:37 pm in News From Other Newspapers, Politics

The National Security advisor has hinted he will invite Herbert Mensah for questioning over allegations President John Mills has earmarked GHS 90 million the NDC presidential primaries. Rtd. Brigadier General Nunoo Mensah told Joy News the allegation is of paramount interest to his outfit. Herbert Mensah in an interview with Adom FM early this week [...]

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Oil Boom Transparency Moves Made by Ghana

Posted by on at 4:13 pm in Other Top Stories

Ian Gary Many resource-rich countries are notorious for secrecy, corruption and mismanagement of billions in revenues from oil, gas and mining operations. Ghana has long been a gold producer – and a donor darling for its recent track record of good governance – and in December became Africa’s newest oil producer. There are some encouraging [...]

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Ghana’s Economic Growth Accelerated to 9.5 Percent in the Fourth Quarter

Posted by on at 3:20 pm in Other Top Stories

By Moses Mozart Dzawu – Ghana’s economic growth accelerated to an annual 9.5 percent in the fourth quarter, bolstered by manufacturing and transportation, the Ghana Statistical Service said. Growth picked up from 8.7 percent in the previous three months, and brought expansion for the year to 7.7 percent, Grace Bediako, the head of the service, [...]

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Ghana’s Inflation Slowed for Second Consecutive Month to 9% in April

Posted by on at 3:16 pm in Other Top Stories

By Moses Mozart Dzawu – Ghana’s inflation slowed for the second consecutive month in April as the impact of a 30 percent increase in gasoline prices in January eased and the cedi stabilized. The inflation rate fell to 9 percent from 9.1 percent in March, Grace Bediako, a statistician at the Ghana Statistical Service, told [...]

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AP-Gfk poll: Obama approval hits 60 percent

Posted by on at 3:11 pm in News From Other Newspapers, Politics

By LIZ SIDOTI and JENNIFER AGIESTA, Associated Press Liz Sidoti And Jennifer Agiesta, Associated Press President Barack Obama’s approval rating has hit its highest point in two years — 60 percent — and more than half of Americans now say he deserves to be re-elected, according to an Associated Press-GfK poll taken after U.S. forces [...]

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Rawlings is no god; either he shuts up or… – Allotey

Posted by on at 3:09 pm in News From Other Newspapers, Politics

The Central Regional Communications Director of the ruling National Democratic Congress (NDC), Mr Allotey Jacobs has advised former President Jerry John Rawlings to use the upcoming June 4th celebration to redeem his image because ‘time is catching up with him’. Mr Jacobs posited that the myth surrounding the ex-president has been broken and thus he [...]

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Kosmos to pay $15 million fine

Posted by on at 3:06 pm in Business

Kosmos Energy has agreed to pay a fine of $15 million to the Ghana Government for disclosing data on the Jubilee oil field without the government’s consent. That followed the peaceful resolution of a dispute between the Government of Ghana and Kosmos. The fine also includes the company’s spillage of low toxicity crude on the [...]

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GSE boss justifies 100 million minimum shares requirement

Posted by on at 3:05 pm in Business, Other Top Stories

The Managing Director of the Ghana Stock Exchange, Kofi Yamoah has justified the proposal for listed companies to have at least a hundred million shares. He says the decision is aimed at injecting some liquidity into trading of shares on the market especially because most investors prefer to hold on to their stocks rather than [...]

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