Government to implement US$200million Jobs and Skills Programme

Government to implement US0million Jobs and Skills Programme

Government is fast tracking the implementation of the US$200million Jobs and Skills Programme to enhance job creation significantly. The intervention is designed to facilitate new and expanded private sector businesses to employ many more people. Mr Ken Ofori Atta, the Minister of Finance at the Minister’s Press Briefing, said, “this we believe is a more sustainable way to rebuild this economy instead of expanding Government employment schemes.” He said government was rolling over eight additional interventions, starting this May, 2021 under the Ghana CARES “Obataanpa” programme. These interventions are in…

STN GHANA top CEOs to mentor young leaders, entrepreneurs

STN GHANA top CEOs to mentor young leaders, entrepreneurs

Business Leaders and Chief Executive Officers of companies who are members of the Stanford Seed Transformation Network, Ghana (STN) will, on Thursday, May 20,, mentor young leaders and entrepreneurs at a leadership workshop. This is to strengthen and empower participants towards effectively contributing to Ghana’s business growth and the economy, a press release issued to the Ghana News Agency on Wednesday, has said. The mentorship workshop is being organised by STN, a Network of Ghanaian Business Leaders and CEOs of companies who have completed the Stanford University Graduate School of…

Just In: Manager jailed 15 years for squandering company’s funds on betting

Just In: Manager jailed 15 years for squandering company’s funds on betting

A mother broke into uncontrollable tears at the Hohoe Circuit Court last Wednesday when her son, a 31-year-old fuel station supervisor, was handed a 15-year jail term for stealing. Yussif Abubakar, a former worker of the Hohoe branch of Star Oil Company was sentenced for stealing GH¢139,118 belonging to his employer. His mother, seemingly broken by the development, needed physical support as she made her way out of the court room wailing. Abubakar was charged with stealing about two years ago. He pleaded not guilty but was found guilty by…

Alibaba antitrust investigation: Beijing slaps e-commerce giant with record US$2.8 billion fine in landmark case

Alibaba antitrust investigation: Beijing slaps e-commerce giant with record US.8 billion fine in landmark case

China’s antitrust regulators slapped a record fine on one of the country’s largest technology conglomerates, closing a months-long investigation that began last Christmas Eve and setting the precedent for the government to use anti-monopoly rules to regulate the country’s Big Tech. Alibaba Group Holding, the world’s largest e-commerce company and owner of this newspaper, was fined 18.2 billion yuan (US$2.8 billion) by theState Administration for Market Regulation (SAMR).The Hangzhou-based company“abused its dominant market position in China’s online retail platform service market since 2015 by forcing online merchants to open stores or take…

Bagbin sets up 9-member committee to probe collapse of UT Bank and uniBank

Bagbin sets up 9-member committee to probe collapse of UT Bank and uniBank

The Speaker of Parliament, Mr Alban Sumana Kingsford Bagbin, has set up a nine-member committee to probe the petition sent to Parliament by the founders of UT Bank and uniBank Ghana Limited over the collapse of their banks. The committee, chaired by the First Deputy Speaker, Mr Joseph Osei-Owusu, is to commence its probe into the petition while Parliament is on recess. The committee is expected to submit its report to the House at the commencement of the second meeting of the first session of the eighth Parliament on May 18,…

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…