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HOLLANDE LAUDS MAHAMA FOR SHOWING LEADERSHIP IN WEST AFRICA

French President, Francios Hollande Monday lauded President John Mahama for helping to bring stability to the West African sub-region during his tenure as the Chair of the Economic Community of West African States (ECOWAS).

7 HIGH COURT JUDGES SUSPENDED

Seven out of 12 Justices of the High Court cited in the Anas exposé have been suspended by the Vice-President, acting as president of the country, on the advice of the Judicial Council.

52 TEACHERS HONOURED AT THIS YEAR’S TEACHERS AWARDS CEREMONY

This year’s National Beast Teacher Awards ceremony saw a complete departure from the status quo in which an individual was adjudged the overall national best teacher for the year.

APPEAL AGAINST WOYOME’S ACQUITTAL SLATED FOR OCTOBER 13

The State’s appeal contesting the acquittal and discharge of businessman Alfred Agbesi Woyome over 51.2 million judgement debt is to be heard on October 13, 2015.

CJ SACKS 7 JUDGES OVER ANAS BRIBE

Seven out of the 12 High Court judges implicated in the smelliest scandal to hit the judiciary yet have been sent packing.

WORLD BANK OKAYS ZOOMLION

The ban placed on Zoomlion Ghana Limited not to do any business with the World Bank has been lifted and so the company can now undertake transactions with the Bretton Wood Institution.

NDC CONGRESS IN DANGER

Leadership of the ruling National Democratic Congress (NDC) is likely to change the date for its national delegates’ congress to elect its presidential candidates as well as parliamentary candidates for the 2016 elections – originally schedules for Saturday, November 7, 2015.

BOG, BDCS IN TANGO OVER DOLLARS

Bulk Oil Distribution Companies (BDCs) are livid that he Bank of Ghana (BoG) no longer provides them dollaers for the import of petroleum products into the country.

GHANA’S INTEREST RATE, HIGHEST IN THE WORLD

The Bank of Ghana’s increase in the prime lending rate from 25% makes the country the highest in terms of interest rate in the world.

WORLD BANK CAUTIONS GHANA, OTHERS OVER FISCAL OVERRUN

The World Bank Group has asked government to take bold steps to enhance efficiency in its public expenditure and improve revenue mobilization.

BANKS FRET OVER LIQUIDITY SCARE

Banks have stepped up their borrowing from the Bank of Ghana (BoG) in an attempt to replenish dry reserves triggered by the ongoing fiscal consolidation.

LEAVE CEDI TO FLOAT – FORMER ETI BOSS

The former Managing Director of Ecobank Transactional Incorporated, Albert Essien, has called for a stable exchange rate regime in the country , where the cedi would be allowed to freely float within a band against the major foreign currencies particularly the US dollar.

ECONOMY EDGY ON EUROBOND FLOP

Government’s inability to secure its third Eurobond in as many years is expected to pile more pressure on the volatile local currency, which was predicted to rebound with proceeds from the 1.5 billion facility.

GRA STARTS 5% HOME TAX COLLECTION

Prospective home owners will now have to pay more for decent accommodation following authorization by the Ghana Revenue Authority (GRA) for real estate developers to start charging a flat rate of 5 percent Value Added Tax on all housing units sold from October 01, 2015.

‘DUMSOR’ IS KEY STRUCTURAL BARRIER TO GROWTH

Electricity shortage emerged as “key impediments to growth” in several African countries in 2015, including Ghana, the World bank has said in its twice-yearly analysis of economic trends on the continent titles ‘Africa’s Pulse’.

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