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Credit risk exposures plunge HFC into losses

The Ghana Stock Exchange floor   HFC Bank Limited (HFC) posted a loss of GHS35.6milllion in recently released 2015FY financials from a GHS54.2 million Profit in 2014. Impairment charges for credit losses grew by more than 500% year-on-year; the main component that plunged the firm into losses-after-tax. This indicates the heightened risk exposure of the […]

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Airtel’s growth pushes it No. 3 in data subscription in Ghana

Director of Airtel Data Business, Jean Claude Domilongo Bope   Airtel, Ghana’s fastest growing telecommunications network has leapfrogged to number 3 position in data as captured in the Voice and Data subscription trend report released by the National Communications Authority (NCA) in December last year for the month of August 2015. The report revealed Airtel’s […]

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Uganda polls: Authorities block social media over security concerns

  Ugandan authorities blocked social media platforms and mobile money networks on Thursday as voting in the general elections got under way. The Uganda Communications Commission (UCC) said access to social media platforms like WhatsApp and Facebook via mobile phones and the popular mobile money network had been temporarily blocked over “national security” concerns during […]

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Election Committee won’t be dissolved – EC

EC chair Charlotte Osei The Electoral Commission has said its 18-member National Election Steering Committee will not be dissolved in spite of the objections being raised about it.Pressure group, Let My Vote Count Alliance (LMVCA) is pushing for the EC to dissolve the committee following revelations that a member owes allegiance to the ruling National […]

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Quality of political leadership declining – Adei

The former Rector of Ghana Institute of Management and Professional Administration Professor Stephen Adei has stated that the quality of leadership in the country especially among politicians is declining.According to the outspoken professor, the trend is dangerous to the progress of the country if it is not checked.“I think that the heightened interest of Ghanaians […]

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Nike terminates deal with Pacquiao over homophobic comments

  Nike has terminated its relationship with Manny Pacquiao after the six-weight world champion described homosexuals as “worse than animals”. The 37-year-old, who is running for a senate seat in his native Phillipines, later apologised for his comments. “We find Manny Pacquiao’s comments abhorrent,” said a Nike statement.“Nike strongly opposes discrimination of any kind and […]

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JB’s death impossible to explain – Veep

Nana Akufo-Addo and his running mate Dr. Bawumia joined mourners at the one week memorial   Vice President Kwesi Amissah-Arthur has paid a glowing tribute to the slain Abuakwa North MP, describing him as a promising “young man”.Joseph Boakye Danqua-Adu died in his East Legon residence in Accra after he was stabbed by an alleged […]

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BNI director fingered in car seizure

The incessant rate at which abuse of power, show offs and ‘rambo-style hooliganism’ have become the order of the day in some public institutions, especially at top Security agencies seem to have reached its peak and may consequently stretch beyond control if Government does not immediately put measures in place to curtail the situation.In the […]

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NPP MP Aspirant raises fund to curb teenage pregnancy

    File Photo   New Patriotic Party (NPP) parliamentary candidate for Cape Coast North constituency, Mrs. Barbara Asher Ayisi, has inaugurated the “Barbara Asher Foundation” to raise funds to help curb teenage pregnancy in Cape Coast and the Central region as a whole. The foundation, which will help the poor and needy in the […]

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Girl, 21, refuses to abort third pregnancy for dad

The Obuasi Police have arrested a 45-year-old man for allegedly impregnating his 21-year-old daughter.The act was reported to the Obuasi Domestic Violence and Victims Support Unit (DOVVSU) by the victim, after she was beaten by her father, Efo Red.The suspect, according to the Police, was repeatedly having sex with her daughter, and was responsible for […]