Gov’t partly pays GH1.2bn to GWCL, ECG for free COVID water, electricity

Gov’t partly pays GH1.2bn to GWCL, ECG for free COVID water, electricity

The Ministry of Finance has released about GHS1.2 billion as part payment for COVID-19 relief covering the free electricity and water supplied to Ghanaians to help them comply with the safety protocols. The free electricity and water are part of the many social interventions rolled out by the government to cushion Ghanaians against the hardships imposed by COVID-19, such as the loss of income. To ensure that many Ghanaians do not suffer disconnection because of their inability to settle their electricity bills in the midst of the pandemic, ECG has…

Chy Mall is a ponzi scheme, don’t invest in it – EOCO

Chy Mall is a ponzi scheme, don’t invest in it – EOCO

The Economic and Organised Crime Office (EOCO) has cautioned the public against investing in a Chinese Company called Chy Century Heng Yue Group Limited and Sairuir-Commerce Ghana Limited. EOCO in a news release said this is because the company is operating a Ponzi/Pyramid scheme and operating illegally in the country. “The company which is registered as online trading and marketing services also solicits and takes/receives funds through investment packages from its customers with a promise of guaranteed returns/margins of various percentages over a fixed short period of time,” the release…

Don’t end convo on Menzgold; pass strict laws on Ponzi schemes – Clinton petitions Parliament

Don’t end convo on Menzgold; pass strict laws on Ponzi schemes – Clinton petitions Parliament

Lawyer for some aggrieved customers of defunct Menzgold Company, Amanda Clinton has petitioned the Speaker of Parliament to further deliberate on the Menzgold matter and consider passing legislature to address Ponzi schemes in the country.  Although the government has refused to refund locked-up funds to customers of Menzgold insisting they were warned, Ms Clinton wants state institutions to do more to protect the public when it comes to Ponzi schemes. In her petition, Ms Clinton said: “Altogether, it is admitted that members of the public can be gullible even when…

Businesses scared by threat of renewed lock down

Businesses scared by threat of renewed lock down

Business owners and corporate managers in Ghana are in a state of palpable unease in reaction to the warning delivered in a nationwide television address by President Akufo-Addo that Ghana may return to partial lockdown if the country’s Coronavirus situation continues to deteriorate. By the end of last week, the warning seemed to already be eliciting the desired response with even small businesses insisting on adherence to basic COVID 19 protocols at their premises by customers and staff alike; over the past few months since government began rolling back erstwhile…

Covid-19: We’ve not approved any vaccine for use in Ghana – FDA

Covid-19: We’ve not approved any vaccine for use in Ghana – FDA

The Food and Drugs Authority (FDA) has cautioned the public against the patronage of any Covid-19 vaccine because it has not approved any vaccine for use in the country. According to the FDA, some unscrupulous members of the business community are peddling information on the sale of COVID-19 vaccines to hospitals and other health facilities. Peddling such information according to the FDA contravenes Section 118 of the Public Health Act 2012, Act 851 and constitutes a very serious offence. The Authority in a statement has assured the general public that it…

Cedi posts election-year milestone

Cedi posts election-year milestone

The cedi broke its own record last year by weathering the perennial pressures and anxieties associated with elections to post a depreciation rate that is the healthiest in all election years since 2004. It shed 3.9 per cent of its value to the US dollar last year, compared to the past three election years when the annual rates of depreciation were either close to 10 per cent or in double digits. Data from the Bank of Ghana (BoG) indicated that the cedi lost 20.9 per cent, 15.7 per cent and…

8000 teachers fail licensure exams

8000 teachers fail licensure exams

Over eight thousand teachers have failed the mandatory Licensure Examination (NTLE) representing 30.75% of the total number who sat for the test. A statement by the National Teaching Council on Monday, January 4 said 27,455 candidates sat for the exams. According to the NTC, 19.013 candidates representing 69.3% passed the exams with the remaining results withheld pending investigation. The council has called on all candidates to check their results from the NTC online portal at exam.ntc.gov.gh by using either their pins given during registration or their examination index numbers using…

We’re upgrading our communication network to address prepaid challenges – ECG

We’re upgrading our communication network to address prepaid challenges – ECG

The Electricity Company of Ghana (ECG) has explained that a problem of automated communication between the meters and servers is the cause of the recent challenges with prepaid meters. The ECG, in response to complaints by the Institute of Energy Security (IES) about the metering system, indicated that it has noted the concerns, adding that: “Currently, a team of technical staff have been deployed to upgrade the communication network between the prepaid meters and the server, and this has resulted in the increasing debts of customers whose meters have been…

Kantamanto traders hail Bawumia for providing them with a temporal place

Kantamanto traders hail Bawumia for providing them with a temporal place

Traders at Kantamanto within the Central Business District of Accra have hailed the Vice President Dr. Mahamudu Bawumia and government for providing them with a temporal place for trading activities. Chairman of the Kantamanto Traders Association Opoku Afreh who confirmed the latest development to MyNewsGh.com, after a meeting with the Vice President at the Jubilee House (Presidency) on Friday, 18th December, said the intervention by the Vice president is timely and will ensure that they are still in business while government explores ways of restoring the old market. According to him,…

CPA: Consider these before buying any item this festive season

CPA: Consider these before buying any item this festive season

The Consumer Protection Agency (CPA) has cautioned the general public on factors to consider when purchasing goods from the market in the festive season. A statement signed by the CEO, Kofi Kapito on 16 December 2020 outlined some precautionary measures for consumers. “The CPA would like to inform the public as to what they need to look out for when purchasing especially canned foods, locally made or imported,” the statement said. The following are the things to look out for: 1.     Look out for the expiry date on the product. 2.     Country of origin…