Business News of Monday, 24 May 2021Source: www.ghanaweb.com• The Bank of Ghana has issued guidelines centered on de-risking RCBs• It is aimed at providing a regulatory framework for adoption of risk management practices• The move is expected to strengthen the operations of RCBsThe Bank of Ghana (BoG) has issued a set of guidelines centered on de-risking the Rural and Community Banks (RCBs) in the banking sector. A statement issued by the central bank explained the guidelines are aimed at providing a regulatory framework which establishes RCBs to adopt risk management practices. “The guidelines set out the minimum standard provisions on policies and procedures that would have to be covered in the various policies and procedures manuals used by the RCBs,” the bank said. The Bank of Ghana pointed the guidelines will further ensure that RCBs are well strengthened for risk identification, measurement, mitigation, monitoring, and reporting. Read the full statement below:

Entertainment of Monday, 24 May 2021Source: www.ghanaweb.com• Joey B has said that there is nothing wrong in repeating outfits• He made this known in a tweet• Joey B's tweet has been greeted with mixed reactionGhanaian musician, Joey B has reminded individuals not to be swayed by the pressures of society especially when it comes to what they choose to wear. Joey B who believes that it is necessary to cut your coat according to your cloth has maintained that there is nothing wrong with repeating outfits. In a tweet sighted by GhanaWeb, the musician wrote: “ Don't ever be shy to repeat outfits.”His comment has been greeted with mixed reactions. Another also wrote: "I don't ever see the reason why anyone should be shy to repeat their own clothe, cloth wey no be anybody papa buy for you." Black mentality says if you repeat outfits then you're broke."

General News of Monday, 24 May 2021Source: www.ghanaweb.com• The GIS has called for international collaboration in countering security threats in Africa• The Gulf of Guinea accounts for 43% of maritime insecurity in the world• The call was made during a study tour for Senior military officers from Nigeria, Togo, Tanzania and South Africa to GhanaComptroller-General of Ghana Immigration Service, Kwame Asuah-Takyi has underscored the need for international collaboration in countering security threats across the sub-region. According to him, investments in security agencies was vital for the prosperity and economic development of a country. Kwame Asuah-Takyi giving remarks at a workshop held for Senior Military officers who were on a study to Ghana from Nigeria, South Africa, Togo and Tanzania bemoaned the level of insecurity within maritime borders. “The Gulf of Guinea accounted for 43% of maritime insecurity in the world and piracy on high seas is on the ascendency which is greatly affecting international trade,” he pointed. The presentation which was on the theme; “Border Security and Collaboration with Sister Countries” saw participants taken through the mandate, structure, functions and regulatory framework of the GIS.

Sports News of Monday, 24 May 2021Source: www.ghanaweb.com• He said Hearts of Oak has been his childhood dream• He is currently playing for Turkish based side Yeni Matalyaspor as a forward• Plans to play for Hearts of Oak are steadily in progress at the momentGhanaian based Turkey player who plays as a forward for Yeni Matalyaspor in the Turkish has revealed to play for Accra Hearts of Oak in his return to the Ghana Premier League. Accra Hearts of Oak and Kumasi Asante Kotoko are two major clubs in the Ghana Premier League that many Ghanaian foreign-based players wish to play for in their return into the GPL. According to the former Mighty Jets and Dreams FC forward, Hearts is the club he cheers up in the Ghana Premier League. Speaking on Metro TV Benjamin Tetteh said, "I will love to play for Accra Hearts Of Oak because when I was young and growing up in Tema New Town it was like when Hearts Of Oak is playing against Kotoko you will see the whole town rocking for Hearts Of Oak and when you watch the game on TV and Eben Armah Dida was my uncle so you get involved in all those kind of things. "When we were Young they use to organize this kind of games during the Homowo Festival where he brings all the Hearts Of Oak players so we get the chance to see them playing not just on television," he added.

Business News of Monday, 24 May 2021Source: www.ghanaweb.com• GIPC is seeking to create a one-stop registration portal for FDI registration• The move is expected to reduce the tedious registration processes• All foreigners seeking to establish a business are required by law to register with a number of agenciesHead of Legal Affairs at the Ghana Investment Promotion Centre (GIPC), Naa Lamle Orleans-Lindsay has revealed her outfit in collaboration with other business regulatory agencies, are seeking to create a one-stop registration portal targeting Foreign Direct investors. According to her, the portal when established is expected to reduce the tediousness and cost involved when registering one’s business with the centre. Addressing participants at a media orientation workshop in Accra, Madam Orleans-Lindsay pointed this was necessary due to the number of regulatory agencies required for the registration process. Presently, before an investor can establish their presence in Ghana, they are required by law to complete some registration processes. These include registrations within agencies such as the Registrar-General’s Department, Ghana Revenue Authority, and Social Security and National Insurance Trust (SSNIT), among others.

The house is expected to consider some bills in the quest to develop the nation. According to a statement released by the Public Affairs Department of Parliament on Monday, May 24, 2021, the house will consider bills that will better support the growth of the economy and strengthen the fight against galamsey. Here are the bills to be passed tomorrow May 25, 20211. “All honourable Members and staff of the Parliamentary Service are entreated to take note and attend upon the house timorously. All Covid-19 protocols will be strictly adhered to,” excerpts of the statement from the Public Affairs Department of Parliament read.

This is what baffles the Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa. According to him, it is strange that not even one galamsey overlord, financier, big man and woman has been arrested and prosecuted for engaging in the illegality. “It strikes me as really strange that in this entire galamsey fight we have not had one galamsey overlord, one real architect, an actual financier arrested and prosecuted. We all know from the kind of sophisticated equipment at play that only a few moneybags can initiate a galamsey operation. He suggested that people that get arrested at their various galamsey sites should be asked to reveal their bosses in exchange for their freedom.

Mr. Mahama who was then the country’s President said most people vented their spleen on him by raining insults on his persona during media discourse. Speaking to a gathering of Ghanaian citizens living in London at that time, Mr. Mahama said:“Perception can be heightened because is being discussed long in the media. He accused people of using social media to heighten people’s perception about corruption in Ghana. Speaking to a gathering of Ghanaian citizens living in London, he called for proper systems to check corruption in Ghana. The President challenged Ghanaians to be bold in naming and shaming state officials involved in corruption.

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General News of Monday, 24 May 2021Source: www.ghanaweb.comExactly four years ago in 2016, Member of Parliament for the Ablekuma West Constituency, Ursula Owusu Ekulful, has revealed that some MP’s usually die from debts they incur during electioneering periods. She added that some MPs resorted to begging and borrowing to be able to live up to the financial pressure on them by the constituents. A lot of MPs live in debts...many MPs borrow to be able to finance their campaign and are saddled with their debts into the future,” she stated. Read the full article as first published by StarrFM below:NPP Member of Parliament for the Ablekuma West Constituency in the Greater Accra region, Ursula Owusu Ekulful, has revealed that some former parliamentarians die from debts they incur during electioneering periods. “A lot of MPs live in debts...many many MPs borrow to be able to finance their campaign and are saddled with their debts into the future.

Business News of Monday, 24 May 2021Source: www.ghanaweb.com• Trading activity on the GSE tumbled last week by 158.98 points (-6.17%)• This was due to MTN Ghana and Cal Bank's sluggish performance• GSE’s market capitalization decreased by 2.81% to close at GH¢59.28 billionTrading activity on the Ghana Stock Exchange’s Composite Index tumbled last week by 158.98 points (-6.17%). This was a result of two trading stocks which closed the week’s activity at 2,416.36 with a year-to-date return of 24.45%. Meanwhile, at the previous week’s trading, market activity strengthened as 15,784,301 shares valued at GH¢25.18 million were traded compared to 6.25 million shares valued at GH¢7 million in the previous week. MTN Ghana also dominated trades by volumes and value, accounting for 70.24% of total volumes traded and 45.43% of the total value traded. Market analysts however are expecting trading activity to surge this week after last week’s dip.

According to the brother Nana Agyei, family members are yet to come to terms with reports that Leticia committed suicide by hanging herself at the school’s Dining Hall. In an interview with GHPage TV monitored by GhanaWeb, the brother of the deceased, Nana Agyei noted that his sister was an exceptional student with brilliant academic performance. According to him, his sister had promised her father excellent results in her upcoming Basic Education Certificate Examination (BECE). She had a bet with her father that she was going to score 61’s straight in her BECE. He lamented the school authorities’ failure to visit their family home following the death of their ward on their campus.

Kennedy Agyapong named one Ansu Gyeabour, who he says is in the Ashanti region, of being the alleged killer of the journalist who was part of the Tiger Eye team of undercover investigative journalist, Anas Aremeyaw Anas. But, unable to still stomach the embarrassment that has accompanied accusations at him of being the one behind the killing, Kennedy Agyapong has let the cat out of the bag. Ansu Gyeabour, and the police have shown me his pictures, asking me to be patient, for over one year yet my name is out there,” he explained. “Ansu Gyeabour, let me repeat it again: Ansu Gyeabour, and it’s been over a year when the first Commander who told me, he said it when he and I shared a flight on the British Airways. It’s over four months, I cannot continue getting that embarrassment, humiliation, accusation everywhere when they know the killer,” he explained.

According to the Institute’s Executive Director, Nana Amoasi VII, any further delays in the unitization of the Afina and Sankofa oil fields could spell doom for the utilization of Ghana’s oil resources. In an interaction with Citi Business News monitored by GhanaWeb, the IES Director explained the move will adversely impact Ghana’s upstream sector which has barely witnessed growth over the past five years. And we should also note that as we speak, funding is being directed more at the green projects or renewables. Over the past five years clearly, we’ve not seen any growth in the upstream industry. The decision came after an independent study conducted by the Ghana National Petroleum Corporation (GNPC) showed that the two oil blocks were connected.

Business News of Monday, 24 May 2021Source: www.ghanaweb.comThe then Energy Minister, John Peter Amewu, three years ago stated that the Akufo-Addo led government is determined to formulate and implement market-friendly policies to make Ghana competitive. The Minister said this in an address at an Oil and Gas Legislative Review Stakeholders meeting held in Accra. John-Peter Amewu, Minister of Energy, says government is determined to formulate and implement market-friendly policies to make Ghana competitive. The Minister, however, said the Oil and Gas Industry continued to face significant challenges and risks, adding that, basins were largely not de-risked. Government will do everything possible to reposition our oil industry to take its rightful place in the competitive oil market; and increase the contributions of the oil industry to the overall growth of the Ghanaian economy,” he added.