Entrepreneur, 26, wins GH¢100,000 Presidential Pitch prize money

Entrepreneur, 26, wins GH¢100,000 Presidential Pitch prize money

A 26-year-old entrepreneur from Bongo in the Upper East Region yesterday won the overall prize in the third Presidential Pitch held in Accra, taking home a grant of GH¢100,000. Mr Douglas Akolgo, whose Zoyana Enterprise converts remnants of processed shea butter into coal (sheacoal), tar, shampoo and anti-dandruff products, beat nine other contestants to clinch the coveted GH¢70,000 prize money to expand his business. President Nana Addo Dankwa Akufo-Addo, who conceived the initiative to enable young entrepreneurs to improve their businesses, with the view to employing more people, added GH¢30,000…

IT expert in court for operating without license

IT expert in court for operating without license

Kwame Adade, an information technology expert, on Wednesday appeared before an Accra Circuit Court for providing electronic communication service without license. Adade, aged 51, is alleged to have rented a place at Premier Towers within the Ministries enclave and installed various electronic communication equipment, which he used to route international calls through unapproved routes to Ghana. Additionally, Adade allegedly terminated calls illegally and transformed them into local calls with Vodafone numbers 23333026101180 and 0233302740040. Charged with providing electronic communication service without license, Adade pleaded not guilty. The Court, presided over…

NIA to introduce premium Ghana card registration at a fee

NIA to introduce premium Ghana card registration at a fee

The National Identification Authority (NIA) is to introduce two packages for individuals who are unable to register for the national ID cards [Ghana Card] during the nationwide free mass registration exercise to do so at a fee. The two packages, institutional and premium, would be done at GH₵100 and GH₵250 respectively. This would be done after the completion of the mop-up exercise of the free mass registration. The mop-up exercise is expected to be completed by December 2020. In addition to that, the NIA intends to set up district offices…

We’ll register and vote out your wicked govt’ – Customers of collapsed banks to Akufo-Addo

We’ll register and vote out your wicked govt’ – Customers of collapsed banks to Akufo-Addo

The Coalition of Aggrieved Customers of Collapsed Banks has said all its members will painstakingly participate in the Electoral Commission’s ongoing voter registration exercise so they can vote out the Akufo-Addo government, which has made their lives nothing but miserable. At a press conference in Bolgatanga, Upper East Region on Tuesday, the group said: “As a result of our disappointment, we are, by this press conference here in Bolgatanga, encouraging all our over 2,500 members in the Upper East and, by extension, all depositors in the country who have their…

COCOBOD receives $200m to fund productivity

COCOBOD receives 0m to fund productivity

The Ghana Cocoa Board (COCOBOD) has received the first tranche of $200 million out of the $600 million syndicated loan facility it signed with a consortium of development finance institutions. The amount is expected to be used to finance productivity enhancement programmes in the cocoa industry. At the launch of the facility in Accra yesterday, the Chief Executive Officer (CEO) of COCOBOD, Mr Joseph Boahen Aidoo, said the loan would support the board to strengthen the cocoa value chain, help alleviate poverty by increasing productivity and promote a progressive cocoa…

Gold prices slip

Gold prices slip

Gold and silver saw profit booking in the opening trade on Tuesday even as Covid-19 patient count surged across the world, making the job of governments very difficult to ensure economic recovery. The total number of Covid-19 patients in India reached over 4.4 lakh while fatalities climbed above 14,000 levels. New infections spiked in Latin America, particularly in Brazil. Gold futures were down 0.01 per cent or Rs 5 at Rs 47,939 per 10 grams. Silver futures shed 0.40 per cent or Rs 193 to Rs 48,307 per kg. Gold…

I’ve paid over GH₵9.6m to Menzgold customers, rest to be paid by Dec – NAM1

I’ve paid over GH₵9.6m to Menzgold customers, rest to be paid by Dec – NAM1

The Chief Executive Officer of defunct gold dealership firm, Menzgold, Nana Appiah Mensah, alias NAM1 says he has paid over GH₵9.6 million to customers whose monies were locked up in his firm. He has also assured customers who are yet to receive their monies that they would receive their monies before the end of December 2020. In statement published on Instagram, NAM1 dispelled rumours that he had neglected customers affected by the shutdown of Menzgold to sign on a new artiste onto his Zylofon Music record label. According to him,…

Burundi President Pierre Nkurunziza dies of ‘cardiac arrest’ at 55

Burundi President Pierre Nkurunziza dies of ‘cardiac arrest’ at 55

Burundi’s President Pierre Nkurunziza, aged 55, has died after suffering a cardiac arrest, the government says. He was admitted to hospital on Saturday after feeling unwell, his condition improved but on Monday he had a cardiac arrest and efforts to revive him were unsuccessful, officials say. After 15 years in power, Mr Nkurunziza was due to step down in August. In 2015, the announcement that he would run for a third term plunged the country into chaos. Reaction to his death: BBC Africa Live It sparked anger as some questioned…

Tema Ports in turmoil over UNIPASS faulty system

Tema Ports in turmoil over UNIPASS faulty system

Relevant stakeholders in the trade facilitation chain at the Tema Ports are frustrated as they continuously point out the evident lapses in the Ghana Link/UNIPASS-ICUMS system and the increasing nature of it that has disrupted the ease of doing business and resultant revenue loss to the state. Importers are up in arms with government over impending demurrage charges that they would have to suffer because of the Ghana Link/UNIPASS-ICUMS system, the Ghana Union of Traders (GUTA) has issued a press statement to express their shock at the continuous lapses on…

Gov’t to break MTN’s monopoly in telecom sector

Gov’t to break MTN’s monopoly in telecom sector

The government has directed the National Communications Authority (NCA) to enforce provisions of the Electronic Communications Act, 2008 (Act 775) and the National Telecommunications Policy (NTP) to address disparities in market and revenue share in the telecommunications sector. Following the directive, the NCA will start immediately the implementation of specific policies to ensure a level-playing field for all network operators within the industry, with emphasis on maximising consumer welfare. The Minister of Communications, Mrs Ursula Owusu-Ekuful, who disclosed this in Accra, said the latest reports received from the industry showed…