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Minority lied in cocoa fertiliser sale claim – MP

The Vice Chair of the Food, Agriculture and Cocoa Affairs Committee of Parliament, Kwame Asafu-Adjei, has said Minority members of parliament peddled untruths in their claim that the Akufo-Addo government was selling fertilisers to cocoa farmers. The Minority had claimed that the fertilisers allegedly being sold were purchased during the Mahama administration and were meant for free distribution to farmers. ...

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Uber boss quits after shareholder revolt

Uber's troubled chief executive, Travis Kalanick, has quit following a revolt by major shareholders. He agreed to leave his post at the taxi app firm after receiving a letter demanding his resignation from some of its top investors. The shareholders joined forces just a week after Mr Kalanick announced he was taking time out to battle personal problems. He confirmed he had quit in a statement to the New Yor ...

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Minority: Selling cocoa fertiliser ‘daylight robbery’

The Minority in Parliament is demanding a halt to the sale of cocoa fertilisers by the Akufo-Addo government. The Minority said fertilisers, which were purchased during the Mahama administration, are meant for free distribution to farmers. Addressing the press in Accra on Wednesday June 21, the Ranking Member of parliament's Food, Agriculture and Cocoa Affairs committee, Eric Opoku, called on government to ...

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GIIF gives Airports Company $30m

The Ghana Infrastructure Investment Fund (GIIF) has approved a $30million corporate loan towards Ghana Airports Company Limited’s capital investment programme. The loan is the first to be approved by the new GIIF board and is also the first investment that the fund has financed within Ghana's transport sector. The approval by the GIIF board represents a critical moment in addressing Ghana's growing demand f ...

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GCB board augmented

Four new members have been sworn onto the Board of GCB Bank Ltd. as directors. They are Nana Otuo-Acheampong, Mr. Nik Amarteifio, Mr. Richard Oppong and Nana Saara III, Queen-Mother of Denkyera. This brings to seven the number of new members appointed to the Board of the Bank. It will be recalled that Mr. Jude Arthur, an accomplished banker was recently appointed Board Chairman of the Bank together with Mrs ...

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TEN gas wastes away as $952m needed for fuel

Gas from the Tweneboah, Enyenra and Ntomme (TEN) field is being flared due to pipeline infrastructure delays that characterised the evacuation of gas from the Jubilee Field. Meanwhile, an estimated $952 million is required this year to purchase light crude oil, natural gas, heavy fuel oil and diesel to run thermal plants based on a projected thermal generation of 9,937.48 GWh, according to the Ghana Grid Co ...

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GNPC appoints board secretary

Ms Matilda Ohene has been appointed as Secretary to the Eighth Board of Directors of the Ghana National Petroleum Corporation (GNPC). Ms Ohene’s appointment took effect from 23 May 2017. The Eighth Board of Directors of GNPC was inaugurated on Thursday 18 May, 2017, after members had taken their oaths of Office and Secrecy. The seven-member Board is chaired by Mr. Freddie Blay, with Dr. Kofi Koduah Sarpong, ...

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$2b bond: Ofori-Atta fumbling – Minority

The Minority in parliament has expressed dissatisfaction over answers provided by Finance Minister Ken Ofori-Atta in parliament concerning the US$2.25b bond. The Minority had asked the minister to provide documents covering the issuance of the bond. Responding on the floor of parliament on Wednesday, June 7 to a half-motion filed by the Minority, he said the bond issued by the government two months ago was ...

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$2b bond: Minority happy with SEC

The Minority spokesperson on Foreign Affairs, Samuel Okudzeto-Ablakwa, has said NDC MPs are satisfied with the responses of the US Securities and Exchange Commission (SEC) so far with regards to their petition on the $2.25billion bond. SEC has appointed a case manager to handle the petition filed by the Minority. Speaking to Class News on the appointment of the case manager, Mr Ablakwa was confident the US ...

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Bond saga: Ofori-Atta must come again – Ricketts-Hagan

A former Deputy Minister of Finance and the Member of Parliament for Cape Coast South, Kweku Ricketts-Hagan, has indicated that Finance Minister Ken Ofori-Atta was evasive with his answers relating to the $2.25 billion domestic bond the government issued. According to him, Mr Ofori-Atta dodged the questions asked by the Minority in Parliament in relation to the transaction, therefore must come again to prov ...

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