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Minimum capital requirement for Mobile Money companies pegged at GH¢20 million

+The Bank of Ghana in regulating the emergence of new payment streams, has issued the minimum capital for the licensing and authorisation of various payment service providers and financial technology companies. The Central Bank in a notice on Thursday, September, 12, 2019 pegged the minimum capital required for operating a mobile money company at GH¢20 million. This comes on the heels ...

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I don’t need the EC to win an election – Akufo-Addo

President Nana Akufo-Addo has reiterated he does not need the country’s electoral body to win the 2020 elections. “I said it to you before, and I will repeat it. I don’t need the Electoral Commission to win an election; I don’t want to win an election in Ghana because of the Electoral Commission. I want to win an election in ...

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Sly Tetteh, fmr. NPP PC for Prampram appointed new NYA boss

A former New Patriotic Party parliamentary candidate for Prampram Sylvester Tetteh is set to take over as new head of the National Youth Authority (NYA),  reports say. A letter confirming his appointment is expected to be out in the coming days. Sly will replace Emmanuel Sin-nyet Asigri, who was sacked by the Presidency along with his two deputies, over procurement ...

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Amidu sues AG over €47m Waterville judgement debt

The Special Prosecutor, Martin Amidu, has filed a motion at the Supreme Court against the  Attorney General and construction firm, Waterville, over a €47,365,624 judgement debt. Amidu in his capacity as a private citizen is praying the apex court in his fresh suit to enforce its ruling in 2013 after the AG failed in the judgement debt retrieval order directed ...

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PHOTOS: NDC meets Pentecostal & Charismatic C’cil ahead of 2020

The main opposition NDC has begun a number of consultative meetings with various stakeholders, ahead of the development of the NDC’s manifesto and campaign for the 2020 elections. At a meeting with executives of the Ghana Pentecostal and Charismatic Churches (GPCC), there were discussions held on a number of subject areas, including corruption, a national development agenda, education, the Electoral ...

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Ghanaians are small-minded people – Duncan Williams

The Presiding Bishop and General Overseer of the Action Chapel International (ACI) Arch Bishop Nicholas has described Ghanaians as small-minded people. According to the powerful and charismatic man of God, Ghanaians have issues with everything and rather see things that are common in other countries as a luxury instead of a necessity. Arch Bishop Duncan Williams who is married to ...

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Transport fares increased by 10%

The Ghana Private Road Transport Union (GPRTU) has announced an increment in transport fares by 10%, effective Monday, September 16, 2019. The new fares cover intra-city transportation popularly known as as Trotro, intercity or long distance trips and shared taxis, a statement from the Union said. Explaining the basis for the increment, the union said the various components that go ...

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Gov’t releases over GHC49m to settle outstanding grant for teachers

The Finance Ministry has released over forty-nine million cedis to the Ghana Education Service for the payment of delayed transfer grant and other outstanding allowances to teachers in the country. It comes after the Ghana National Association of Teachers (GNAT)  declared strike in six regions over poor condition of service. GNAT’s action comes on the heels of reopening of schools ...

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Strike in six Regions illegal – GNAT National Leadership

The leadership of GNAT says the six regional chairmen who have declared strike in their jurisdiction have no justification to embark on the industrial action. At least some six Regional chairmen of the Ghana National Association of Teachers (GNAT) on Tuesday declared strike in their respective regions following what they said is the failure by the employer to resolve the ...

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