Pension funds increase participation in equities market
As of June 2021, local pension funds had increased their trades on the market to 7% of total trades compared to 0.38% in 2020. When the market goes to where normal market levels should be, you will see them behave differently.”On the current attractiveness of the market, she said: “Last year, their [pension funds] holdings in equities was 2.5%. That is why we are seeing many more of them coming back into the equities market”. Having seen the market rally, it has struck interest in equities among pension funds. However, he remains doubtful of the stake from pension funds on the equities market possibly rising above 3%.
Source:GhanaWeb
July 22, 2021 03:45 UTC
Chief in court for impregnating 15-year-old girl
General News of Thursday, 22 July 2021Source: starrfm.com.ghA Chief has been arraigned before the Koforidua Circuit Court for allegedly defiling and impregnating a 15-year-old girl. According to the parents, they observed strange physical changes and symptoms of pregnancy on the victim. The parents alleged that the victim indicated that, the chief subsequently had sexual intercourse with her again the same month. Prosecuting officer Chief Inspector Benard Annor charged the chief with the offence of defilement. The Girls Education Unit of Eastern Regional Police Command has expressed worried over increasing sexual abuses against teenage girls leading to an increase in teenagers.
Source:GhanaWeb
July 22, 2021 00:56 UTC
Andre Ayew to earn $200K-a-month after signing Al Sadd deal
Sports News of Thursday, 22 July 2021Source: ghanasoccernet.comGhana captain Andre Ayew will be one of the highest earning African footballers with a reported take home of US$ 200,000-a-month should he pen a three-year deal with Qatari champions Al Sadd. GHANAsoccernet.com understands the Ghana captain will earn 2.4 million a year with added bonuses that come with performance and appearances. What has been said:Al Sadd posted a video with a statement confirming the capture of the former West Ham and former Swansea City forward. The statement read: ''Al Sadd have reached an agreement to sign Ghana star Andre Ayew. “The player will arrive in the morning to complete the routine procedure, followed by the signing of the contract and the official announcement.''
Source:GhanaWeb
July 22, 2021 00:45 UTC
The more you insult my wife, the more money she makes – Xandy Kamel’s husband
According to Nana Kwaku Mensah, the more insults his wife receives the more it reflects on her bank account. “I won’t say it is difficult getting married to someone like Xandy Kamel because we all have our lifestyles. "I understand the showbiz game so whatever path she chooses on social media, I accept it. We all know that Xandy makes most of her money from social media so the more you insult her, the more money she makes." Xandy was slapped with a 1 million cedis lawsuit for alleging that Salma is an international prostitute who deals with older men.
Source:GhanaWeb
July 22, 2021 00:33 UTC
Kamaldeen Sulemana makes Rennes debut in defeat to Getafe in preseason friendly
Sports News of Thursday, 22 July 2021Source: ghanaguardian.comGhanaian teen sensation Kamaldeen Sulemana on Wednesday made his debut for his new side Stade Rennes days after sealing record breaking move. The 20-year-old Ghana who sealed his move from Danish side FC Nordsjaelland last Friday and barely trained with his new teammates made his first appearance in a preseason friendly against Spanish side Getafe. Kamaldeen joined the action from the bench in the 70th minute as Rennes were condemned to a 2-1 defeat by the Spanish La Liga side at Pinatar Arena Football Center in Murcia, Spain. The home side took the lead through Turkish striker Emes Unal in the 18th minute before Sehrou Guirassy pulled parity for the French side from the penalty spot in the 57th minute. Fans of Stade Rennes saw glimpses of why their team paid that much and went every length to trump Ajax who were leading the race for the player's signature.
Source:GhanaWeb
July 21, 2021 21:45 UTC
Kumasi Girls SHS management gives in, permits protesting final year students to go home
The students had protested against the Ghana Education Service’s directive to disallow final year senior high school students from going home for the mid-term, all in an attempt to contain the spread and chances of the spread of the Coronavirus. He said the school authorities had decided that any student in the final year who wishes to go home can do so, reports citinewsroom.com. It is expected that by Sunday, all boarding students should return, while the day students follow up the following day. At the St. Louis SHS in Kumasi, a similar protest took place following which the police and the military officers were deployed to restore order. Later, it was reported that some of the students had alleged that they were assaulted by the officer, a claim the police has shot down.
Source:GhanaWeb
July 21, 2021 18:22 UTC
Fully accept and support nominees for chieftaincy positions - Hopeson Adorye entreats royals in Gt. Accra
Hopeson Adorye was speaking during the launching and the inauguration of the Anamase Royal Alliance Council, which is an alliance formed between the people of Anamase and the people of Obliman. The Alliance also hopes to be able to attract the right people to support their developmental agenda, while making the Anamase royalty a vibrant and culturally potent one. "Let us support our chiefs in their attempts for unity because without that, they cannot succeed. Let us support them and give them the reverence they deserve just as the people of the Ashanti region give to the Otumfuo. It's such a beauty seeing how orderly their chieftaincy is and we must desire same for our people," he admonished.
Source:GhanaWeb
July 21, 2021 17:26 UTC
Profile of incoming IGP, Dr. George Dampare
General News of Wednesday, 21 July 2021Source: www.ghanaweb.com• An incoming IGP has been announced• COP Dr. George Akuffo Dampare is the name that has been mentioned as the replacement for James Oppong-Boanuh• Oppong-Boanuh became IGP in October 2019News just coming in says that James Oppong-Boanuh will be replaced by COP Dr. George Akuffo Dampare, as the new Inspector General of Police (IGP). But who exactly is the new IGP, Dr. George Akuffo Dampare? Dr. George Akuffo Dampare is the youngest Acting Inspector–General of Police (IGP) to be appointed in the Fourth Republic and the eighth youngest since Ghana gained independence. Specifically, Dr. Dampare has been Director-General for Administration and Director-General for Welfare twice. Aside from his policing, Dr. Dampare previously worked as a Research Fellow and lecturer at King’s College London, University of London.
Source:GhanaWeb
July 21, 2021 16:30 UTC
UPDATE: James Oppong-Boanuh removed as IGP
General News of Wednesday, 21 July 2021Source: www.ghanaweb.comAs earlier reported by GhanaWeb, the Jubilee House has confirmed the removal of Mr James Oppong-Boanuh as the Inspector General of Police. Sources within the corridors of power have confirmed to GhanaWeb that Mr James Oppong-Boanuh is to be removed as IGP. James Oppong-Boanuh has endured a torrid time as IGP and in recent months has seen a rise in persons calling for his removal, especially after an attack on a bullion van at Adedenkpo, a suburb of James Town in Accra which led to the shooting and death of a police guard and a trader. Dr Dampare has long been mooted as one of the people with the credentials to lead the police service. When confirmed, Dr Dampare will become the youngest IGP to be appointed in the Fourth Republic at age 50.
Source:GhanaWeb
July 21, 2021 16:25 UTC
I’ve had more road accidents than hit songs – Guru
Although he has to his credit a number of hit songs which include ‘Lapaz Toyota’, ‘Karaoke’, ‘Kpa Kpa Kpa’, ‘Alkayida’, ‘Bonsam Ani’, ‘Pooley Swag’, ‘Samba’, ‘Meeba Be Tia Wo’, ‘Mmaakuo’, ‘Democracy’ and ‘Mpaebo’, Guru said the number of times he’s been involved in road accidents surpasses the number of hit songs. The number of times is more than my hit songs,” he said on ‘Restoration With Stacy’. I’ve been involved in countless road accidents; my car could mangle. Not only has Guru been involved in road accidents; he has had metals removed from his throats and stomach, the rapper claimed. Although he did not mention persons behind the road accidents, Guru indicated that some members of his team were behind the metal incident.
Source:GhanaWeb
July 21, 2021 16:18 UTC
JHS pupil allegedly assaulted by teacher for reporting to school late
Regional News of Wednesday, 21 July 2021Source: www.ghanaweb.comCorrespondence from Bono RegionA 17-year-old second-year pupil of Bodaa Presby Junior High School in the Jaman South Municipality of the Bono Region, Konadu Desmond has allegedly been assaulted by his teacher. The incident was said to have occurred when Konadu Desmond was reportedly assaulted by one Mr Emmanuel Nnuvoy, a teacher under the Nation Builders Corps (NABCO) Programme on Friday, July 16, 2021, for reporting to school late. With blood oozing from his forehead, he was rushed to the Adamsu Health Centre where he was treated and discharged. According to him, the teacher got angry by the order by the pupil and picked stones to attack him causing injuries to his face. “I was told that the teacher attacked the pupil after he insisted that the teacher addresses him by his real name.
Source:GhanaWeb
July 21, 2021 15:33 UTC
GUTA claps back at Alban Bagbin for calling Ghanaian traders opportunists
According to the President of the Association, Dr Joseph Obeng, his outfit does not deserve to be addressed as such by Parliament in another country. He noted that GUTA will not allow anyone to amend the Ghana Investment Promotion Centre (GIPC) law to favour other nationals at the detriment of Ghanaians. Dr Obeng said GUTA is prepared to face any consequences that come with their reaction for foreigners to invade the trading space. We deem it as an insult for us to be called opportunists in the foreign land". Speaker of Parliament, Alban Bagbin, in early July announced a review of the GIPC Act 2013, Act 865 to exempt the capital requirement for Nigerian retailers to trade in Ghana.
Source:GhanaWeb
July 21, 2021 15:33 UTC
IMF commends Ghana for encouraging signs of economic recovery after COVID-19 setback
Business News of Wednesday, 21 July 2021Source: www.ghanaweb.comThe Executive Board of the International Monetary Fund (IMF) has given Ghana's Economic Management Team thumbs up for its pragmatic steps towards economic recovery from the deadly Coronavirus pandemic. But the IMF had positive news, as its appraisals noted encouraging signs of recovery. The government response helped contain the pandemic and support the economy, but at the cost of a record fiscal deficit. The economic outlook is improving, even though risks remain, including from the evolution of the pandemic and rising debt vulnerabilities. While there are encouraging signs of an economic recovery, they noted that it remains uneven across sectors.
Source:GhanaWeb
July 21, 2021 15:33 UTC
Coronavirus 3rd wave: We warned months ago about third wave, but nobody listened - GMA
According to the Deputy General Secretary of the GMA, Dr Titus Beyuo, the advice on a possible third wave was given to the Health Ministry had fallen on deaf ears. Speaking on Joy News, Dr Beyuo said, “Yesterday, I heard the President say we have dropped our guards. Shortly, the Ministry and the people came out to say that we had enough capacity,” he said. Some 304 new cases have been confirmed while the death toll has risen to 817, according to the Ghana Health Service. Meanwhile, the Ghana Health Service has rolled out revised measures to control the worrying surge in cases.
Source:GhanaWeb
July 21, 2021 15:22 UTC
Court slaps 37 Hospital with GH¢1m in damages over 2015 negligence that killed a woman at childbirth
This, according to a report by citinewsroom.com, is for the negligence it caused the bereaved family of a 27-year-old woman during childbirth in November 2015. The baby, Yaw Nyamekye, is to receive GH¢100,000.00 in damages for pain and suffering, the General Jurisdiction 6 Division of the High Court ruled. Captain Nyamekye (Rtd), who is the husband of the deceased, as well as the father of the deceased subsequently sued the 37 Military Hospital for damages for loss of life, trauma and negligence, as well as general damages. The only logical confusion the court ought to come to is that the deceased died out of injuries caused her,” Justice Ackaah-Boafo said. By that, the court found the 37 Military Hospital liable for negligence of its staff which accounted for the death of the 27-year-old.
Source:GhanaWeb
July 21, 2021 15:15 UTC