GHANA FRESH NEWS

Governor of the Bank of Ghana, Ernest Addison At least five commercial banks in the country could lose their universal banking licenses later this week as the December 31 deadline to meet the new capital requirement draws to a close. The Bank of Ghana raised the new capital requirement to GH?400 million this year as part of firm measures to create a robust banking sector. However, as at the close of work Friday, December 28 some had not met the new capital levels despite some last-minute maneuvers, according to persons close to the regulator. Second Deputy Governor of the Bank of Ghana, Elsie Awadzi, has, however, revealed that 20 banks have met the capital requirement. Joy Business Editor, George Wiafe, reports that the five banks at the brink of losing their operating licenses “are strongly lobbying for last-minute government intervention.” Meanwhile, Graphic Online is reporting that the government is set to announce a GH?2 billion bailout package for some six indigenous ba...

File photo An Accra-based man of God, King Kweku Williams, aka Prophet Solomon, has predicted doom for pastors in the country in 2019, if they don’t rise up in prayer and do the right things before God. Sounding very serious, Prophet Solomon warned that, besides deaths among many pastors in 2019, a very prominent pastor (name withheld),who is widely known and respected in Ghana and beyond, might lose his life if men of God do not rise up in prayer for themselves and Ghana as a whole. “His (the prominent Man of God) death would shock and sadden the entire nation, especially the Christendom, considering his fame.”. However, if the Clergy in the country would rise up in prayer, he pleaded, these deaths could be averted. Prophet Solomon revealed that, due to a strong quest for power among some politicians, bloodthirsty spirits would become very active in the year, leading to very tragic deaths among children, women and mostly, people often referred to as ‘ordinary Ghanaians’. “...

8 Iddris Sandu Iddris Sandu, the young award-winning innovator is truly an inspiration. From learning Java at age 10 to developing his first app on the original Apple iPhone, he continues his rise in the tech world with projects which includes The Wireless Charging Table, Lifestyle One Wearable, Project ACDI Uber, Kera- Artificial Intelligence Operating System, Iris Scan Technology etc. Iddris recently helped rapper Nipsey Hussle create The Marathon Clothing, a smart store in Los Angeles and also partnered with Kanye West and Jaden Smith on a few future businesses, clothing lines and disaster relief projects that are set to launch in 2019. During his days in High school, Iddris developed a mobile software that would later gain the attention of former U.S. President Barack Obama and land him at the White House, where he received the honorary presidential scholar award. He was only 16 years old. Now 21, the Los Angeles-based young man is the self-made tech guru who has accomp...

Nyantakyi with a delegation from CAF togher with Nana Appiah Mensah and the President Shocking details are now emerging on how former Ghana Football Association President, Kwesi Nyantakyi arranged for Nana Appiah Mensah of Menzgold to meet President Akufo-Addo as part of Zylofon Cash sponsorship of the Ghana Premier League, MyNewsGh.com can report. In the wake of the collapse of Menzgold, many Ghanaians are raising questions about how NAM1 had the privilege of meeting the President. Some customers of Menzgold have also drawn a connection between a cousin of Akufo-Addo, Lawyer Kwame Akufo being the counsel of Nana Appiah Mensah and the President’s silence. MyNewsGh.com has now confirmed that embattled boss of Menzgold and Zylofon cash who had an unwritten agreement with former Ghana Football Association President Kwesi Nyantakyi to arrange for him to meet the President as part of the league sponsorship deal. The unwritten details of the deal which required Zylofon Cash to pump...

We are drawing the curtains on 2018 but it is impossible to do that without remembering the notable names that will not make it into 2019 with us. Take a look at some of the famous faces we will no longer be seeing. Ebony Reigns The popular dancehall artiste died in a gruesome road accident on the Sunyani-Kumasi road. She was returning from a visit to her mother when the incident occurred. The death of the 20-year-old singer left many in tears. She was at the peak of her career and had been tipped to win Artiste of the Year at the Ghana Music Awards before death painfully snatched her away. Even in death, she made history by being the first female to win the Artiste of the Year although posthumous. Kofi Annan Ghana also lost one of its illustrious sons in 2018. Kofi Annan, the former United Nations Secretary-General died at a hospital in Switzerland after a short illness. Mr Annan served as the 70th Secretary-General of the United Nations from January 1997 to Dece...

  By Stephanie Rheingold Listing and ranking richness of countries is always a challenge. Between social-economic status, commerce, economics shifts, natural disasters, many years of colonialism, poverty and inequality, and government corruption – there are most definitely many challenges in economic growth and maintaining a healthy, wealthy and productive society. There are 1.3 billion people living across Africa, in 54 different countries, that produces $2.2 trillion in nominal GDP thanks to trade, agriculture and harvesting various sources of energy (oil being the dominant one in certain countries). Not too long ago, in 2013, Africa was the world’s fastest-growing continent at 5.6% a year. Nowadays, the African Development Bank predicts an increase of 4.3% in yearly growth across the continent. World Bank expects most of the African countries to reach a GDP per capita of at least $1,000 (ranking those as “middle income”) by 2025. All nominal data in thi...