Business News of Friday, 29 May 2020Source: thebusiness24online.netBanks walking with private sector through pandemic - AndaniAlhassa Andani, president of the Ghana Association of BankersBanks have rescheduled over GH¢1.6bn in existing loans in addition to significant reductions in interest rates to cushion the impact of the coronavirus shock on the private sector, president of the Ghana Association of Bankers Alhassan Andani has said. The loans were rescheduled to periods ranging from three months to one year, especially for clients in the services sector, Mr. Andani, who is also the Managing Director of Stanbic Bank, said. “The banking sector has been very responsive and proactive to the needs of private sector businesses,” he said. He said it has become critical for businesses to identify financing options that can help them in managing their working capital and capital structure effectively. Commercial banks have also set aside GH¢3bn to lend to businesses severely affected by the shock, especially those operating in the hospitality sector.
May 29, 2020 08:03 UTC
Moody’s said it has reduced its medium-term oil price assumptions to US$45-$65/barrel (bbl), down from US$50-$70/ bbl. “The price range reflects our view that oil prices will remain highly volatile, with periods outside the top or bottom ends of the range. High inventories of both oil and fuels globally will further slow the pace of recovery in oil demand and prices, it added. In Ghana the government has predicted significant oil revenue losses due to the oil price collapse. International oil companies in Ghana, such as Irish major Tullow Oil, have announced cuts to capital expenditure for 2020 in the wake of the oil price decline.
May 29, 2020 08:03 UTC
General News of Friday, 29 May 2020Source: www.ghanaweb.comAbronye DC attacks Mills’ brother over ‘act of drunkenness’ commentAbronye DCKwame Baffoe (Abronye DC), the Bono regional chairman of the New Patriotic Party (NPP), has stated that the brother of the late President John Evans Atta-Mills, is someone who always speaks under the influence of alcohol. Abronye believes that suggests there must be something wrong for the family to feel satisfied with the former president's cause of death." The family is satisfied and we have not complained about the cause of his death," the late president's relation had said. But Abronye DC on Adom FM on Thursday, alleged that Samuel Atta Mills was drunk when he made those comments. “On the same program, Abronye DC stated that President John Mahama ‘killed President John Evans Atta-Mills’,” Mr. Lithur’s letter of complaint to the CID read.
May 29, 2020 06:56 UTC
Sports News of Friday, 29 May 2020Source: footballghana.comI will need your support to succeed as GFA President - Kurt OkrakuPresident of the Ghana Football Association, Kurt OkrakuPresident of the Ghana Football Association (GFA), Kurt Okraku has appealed to Ghanaians to support his administration to make history in football. Mr Okraku succeeded Kwesi Nyantakyi as the new country's football governing body in October 2019. The former Dreams FC Executive Chairman has been in office for barely seven months but has been criticized by the public. However, Mr Okraku has called on the public to come together to help build a better foundation and make history for football. “Before me were two presidents, there were Dr Kofi Amoah who was the last before my good self and president Nyantakyi.
May 29, 2020 06:56 UTC
Entertainment of Friday, 29 May 2020Source: GH BaseI have to take my ‘prophetic’ calling seriously - Delay reacts after she predicted the militants would betray Shatta WaleDelayTV host and entrepreneur Delay interviewed Shatta Wale’s Militants about 2 years ago and predicted that they were going to betray their boss. In the interview, Delay stressed on the fact that they will surely have issues with Shatta Wale and also tipped Addi Self to be the most stubborn among them who will start any confusion should any arise. It has come to pass that Shatta Wale has confirmed Addi Self being the mastermind of their betrayal hence he had to sack them. Delay upon hearing that her prediction had come to pass took to her Instagram page to say that she has to take her ‘prophetic’ calling serious. Take a look at her post below:Disclaimer GhanaWeb is not responsible for the reportage or opinions of contributors published on the website.
May 28, 2020 22:07 UTC
“So, any attempt by the NIA to do a mop-up without doing a mass registration will not sit well with us”. “So, Upper West, Upper East, Northern, Savannah, North-East, you look at the figures, 86 per cent, 84 per cent, 85 per cent and Upper East and Upper West 5.17 per cent and Upper East 6.36 per cent. Are you creating a level playing field?”“The big question, therefore, is: why would the Jean Mensa-led EC rely on an identification card, Ghana card, whose issuance is largely incomplete, and fraught with several anomalies and demographic disparities? So, why would they insist, after telling the whole public that they are going to use the old card and then surreptitiously, they go and remove the card and then now insist on a Ghana card, which the majority of the citizens do not have? Why have they excluded an ID card that has been upheld by the Supreme Court, as the best prima facie of voter eligibility.
May 28, 2020 21:33 UTC
Politics of Friday, 29 May 2020Source: Peace FMEC 'exposes' NDC over '10pm invitation' letter? Initial letters sent out by the Electoral Commission (EC) had 10 pm stated as the time for the IPAC meeting. It divided the political parties into two groups. “You [EC] write a first letter, get the date wrong, write a second letter seeking to replace the first letter and you got the time wrong and other political parties get the accurate one. However, the EC believes the NDC is trying to brew a storm in a teacup.
May 28, 2020 18:45 UTC
Sports News of Thursday, 28 May 2020Source: Ghana SoccernetBlood brothers to have played for Ghana's Black StarsThe Gyans and Ayews have represented the country in recent timesGHANAsoccernet.com brings to you a list of brothers to have played for Ghana's Black Stars1. Joe Addo and Simon AddoThe Addo brothers played for the Ghana national team during the 1990s. Richard Kingston, prominently known as Olele was one of the Black Stars' best goalkeepers during his active days. Mubarak and Alhassan WakasoThe two brothers played for the Black Stars during the 2016 FIFA World Cup qualifiers. Alhassan Wakaso just made one appearance for the Black Stars at the Cape Coast Sports Stadium against Egypt in November 13.
May 28, 2020 18:00 UTC
Politics of Thursday, 28 May 2020Source: happyghana.comGovt’s sharing of food during lockdown caused increase in coronavirus case count – CPPFile photoDeputy National Committee Director of the Conventional People’s Party (CPP), Benjamin Nsiah has said the government’s method of distributing food to widows and the deprived, might be the reason for the increase in the number of coronavirus cases in the country. He made this assertion on Happy FM’s political Show Epahoa Daben with Kwame Afrifa Mensah. Benjamin explained that he is of this view because the president did not allow the state to lead in the food distribution, but rather allowed his political party, the NPP, to do so. Per Benjamin’s view, the NPP government has simply rendered the state useless by refusing to allow them perform their roles, and not only in relation to the food distribution. According to him, the NPP, since it was introduced as a political party, has not benefitted the country in any way.
May 28, 2020 16:41 UTC
Sports News of Thursday, 28 May 2020Source: www.ghanaweb.comIs Robert Mensah the wee-smoking goalkeeper Osei Kofi spoke about? Osei Kofi, though short of mentioning names gave hints which offered people insight into who the goalkeeper could be. GhanaWeb has done some checks to put faces to some of the clues dropped by Osei Kofi in his report. The skipper of the team who according to Osei Kofi advised Ben Koufie to give the substance to goalkeeper was the legendary John Eshun. The Ghana goalkeeper who kept the match against Sudanes which ended in a painful 1-0 defeat for the Black Stars was Robert Mensah.
May 28, 2020 15:45 UTC
But like every other sport, the impact of the coronavirus pandemic on armwrestling has been calamitous. After an excellent job two years ago, Ghana was handed rights to hold the Africa Armwrestling Championship after South Africa were stripped off the rights due to administrative lapses. Plans were already been set in motion and consultations with various stakeholders were being held to deliver another flawless armwrestling festival. On March 15, Ghana declared a ban on forms of social gathering and that was like a knife pierced through the hearts of all sports administrators including the Ghana Armwrestling Federation. It has been more than two months since the ban and Charles Osei Assibey, President of the Ghana Armwrestling tells www.ghanaweb.com the impact the virus has had on his sport.
May 28, 2020 15:45 UTC
Business News of Thursday, 28 May 2020Source: www.ghanaweb.com3% interest on stimulus package a ‘giveaway’ for members – GUTAplay videoGUTA president, Dr Joseph ObengPresident of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has described government's 3% interest on the GH¢600 million stimulus package to support Micro, Small and Medium Enterprises (MSMEs) as a free gift. The interest rate on the package he said is feasible due to the one-year moratorium and a two-year repayment period for MSMEs. Dr Obeng noted that this 'giveaway' from government was far better than that of some banks who have pegged their interest rate between 22-25%. Comparing the banks' interest rate to government's 3%, he said “it's very feasible. Send your news stories to and via WhatsApp on +233 55 2699 625.
May 28, 2020 15:11 UTC
Business News of Thursday, 28 May 2020Source: Kasapa FMFinance Minister to justify GH¢10bn support from BoG in ParliamentFinance Minister, Ken Ofori-AttaFinance minister Ken Ofori-Atta is expected to brief Parliament about government’s decision to borrow GH¢10 billion from the Bank of Ghana. The amount is to finance the gap in the 2020 budget which has been thrown out of gear as a result of the COVID-19 pandemic. The minority, however, disagrees with the Central Bank’s support to the government, despite the threat posed by the pandemic. The former deputy finance minister indicated government’s insatiable appetite for borrowing under the cloak of COVID-19 was as a result of election 2020. Central Bank’s support for government’s budget has been halted for almost four years as part of the requirements imposed by IMF after the country went to the Fund for a bailout.
May 28, 2020 14:26 UTC
Sports News of Thursday, 28 May 2020Source: www.ghanaweb.comBanks must consider building football pitches to generate revenue - Robert ColemanRobert ColemanCEO of Wembley Pitches, Robert Coleman has urged banks in Ghana to venture into building football pitches as a means of generating revenue. Robert Coleman in an interview monitored by Ghanaweb disclosed that companies in advanced countries have taken up such ideas to establish themselves in sports because their names are inked in parts of the sporting facilities. Bayern Munich’s stadium, the Allianz Arena is one of such sporting facilities which has been named after a company. “I believe that if corporate bodies come together they will be able to pull resources to deliver such pitches,” Robert Coleman told Joy news. He also disclosed that facilities like Astro turfs could be beneficial and generate more revenue because it could be used for other ceremonial and commercial events aside sports.
May 28, 2020 14:03 UTC
Crime & Punishment of Thursday, 28 May 2020Source: Daily Mail38-year-old trader arrested for impregnating 15 year-old girl at WalewaleFile photoA 38-year-old trader at Moshie-fong, a suburb of Walewawe in the North East Region, Zibrila Haruna, is in the grips of the police for allegedly impregnating a 15-year-old girl. The victim, according to Sergeant Francis Ngissah, is a primary pupil at Walewawe. It was then that Haruna grabbed the girl and forcibly had sex with her and warned the victim not to tell anybody. Since then Haruna who is married with three children continued having sex with the victim until her mother discovered the girl was pregnant. According to Sergeant Ngissah, the suspect is being processed for court.
May 28, 2020 14:03 UTC