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Daily Heritage

Performance of Ghanaian Stocks – August 2020

The market continues to leave investors frustrated as stocks were down 18.19% YTD from the start of the year to the end of August. Financial stocks were down 16.15% over the same period. Below are how stocks performed for the month of August and for the year as a whole. …

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CAS throws out Palmer’s case against GFA

The case filed against the Ghana Football Association at the Court of Arbitration for Sport (CAS) by Wilfred Osei Kwaku popularly known as Palmer has been dismissed by the court. CAS in its September 1, 2020 ruling backed the disqualification of Mr Palmer from contesting the GFA presidential race in …

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Ex-Venture Capital CEO, others begin refunding money to state

The three former officials of the Venture Capital Trust Fund who were convicted have started refunding money to the state per the arrangement with the court in order to avoid jail terms. Former CEO Daniel Duku was asked to refund over 15 million cedis. Irene Anti Mensah, Executive Assistant to …

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U/W: I’ll give Wa regional hospital seed capital to operate – Mahama promises

The flagbearer and leader of the NDC John Mahama has assured Chiefs and People of Wa that he will provide seed capital to the new Upper West Regional hospital to enable the facility function effectively and improve quality healthcare delivery if he wins the 2020 polls. Speaking at the forecourt …

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Speaker of Nigeria’s parliament heads to Ghana over diplomatic row

Nigeria’s House of Representatives speaker Femi Gbajabiamila is going to Ghana for a meeting with his Ghanaian counterpart following the recent diplomatic tension. Mr Gbajabiamila told Nigerian media that the main topic of discussion would be issues affecting Nigerians in Ghana. The information ministers for both countries had spoken about …

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Pius Hadzide, Deputy Youth and Sports Minister

Agyapa deal: It’s unpatriotic to complain to LSE – Hadzide to Minority

The Minority’s threat to notify the London Stock Exchange and the Financial Conduct Authority in the UK about the controversial Agyapa Minerals Royalties deal would be an embarrassment to the country, Deputy Information Minister Pius Enam Hadzide has noted. According to him, if the minority’s concerns were genuine and legitimate …

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COVID-19: We’ve not received any stimulus package from govt – Hotels Association

The Ghana Hotel Association says it has not received the promised stimulus package from government in the wake of COVID-19. According to President of the Association, Edward Ackah Nyameke, hotels in the country are struggling and will not be in the position to handle the influx of numbers following the …

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Chaos over Agyapa deal will scare investors – Economist

THE CONTROVERSY  surrounding the entire Agyapa Royalties deal may send a bad signal to investors if the government is not transparent about the entire process, an economist Dr Lord Mensah has revealed. Dr Mensah who is also a lecturer at the University of Ghana Business School added that the chaos …

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Heated exchanges at PAC over GNPC allocations to Okyehene, Rebecca Foundation, et al

There has been some heated exchanges at the Public Accounts Committee(PAC) sittings on Tuesday, over the GNPC’s allocations to Okyehene, EOCO, Rebecca Foundation and others. During today’s sitting, Ningo Prampram MP, Sam George asked why board of GNPC had to directly approve over 5 million cedis to be paid to …

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Saudi king sacks defence officials

A number of Saudi officials, including two members of the royal family, have been sacked. A royal decree said Saudi King Salman had relieved Prince Fahad bin Turki of his role as commander of joint forces in the Saudi-led coalition in Yemen. His son, Abdulaziz bin Fahad, was also removed …

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