The Bank of Ghana (BoG) has notified the general public about a digital and virtual currency being introduced to Ghanaians called the ‘freedom coin’. BoG said that it has come to its attention that there is an impending launch of the cryptocurrency. A statement issued by BoG on 9 March 2022 indicated that, “the public is hereby cautioned that neither this cryptocurrency nor the promoting company has approval from Bank of Ghana to operate in the banking and payment sector”. The statement further noted that a directive issued on 22 January 2018 on the Central Bank’s website, reiterates that cryptocurrencies...
Al-Wa’ayul Islamie Centre steps up socio-economic dev’t funding with a short code
The Al-Wa’ayul Islamie Centre of Madina West, as part of its efforts, to bridge the gap in its funding for socio-economic development is set to launch a shortcode. The shortcode, *790*40#,will serve as an easily accessible conduit for interested persons to register and make monthly donations pledge of GH¢10 or more on all mobile networks. The shortcode will help raise funds for the Ummah Waqf Fund to generate income in order to provide social services for the people. The shortcode is automated to deduct members’ donations from their mobile money wallet on a recurring basis. The Fund will also provide...
Wontumi eyes European side, Chelsea ownership
Ghanaian businessman, Mr Bernard Antwi-Boasiako (Chairman Wontumi) has submitted a preliminary proposal of $ 3.1 billion to buy Roman Abrahamovic’s Chelsea football club. In a letter sighted by Baina Tv, He was informed by the owner, Mr Roman Abramovic. It also stated in the letter that, his legal team and transactional advisors are ready to engage in negotiations. Read full letter below: Bainatv.com.gh/Simon Adu
Chelsea owner Abramovich says UK sanction won’t affect the Blues
The Russian invasion of Ukraine has been condemned by a large number of people across the globe. The world’s governing body of football (FIFA) and other football governing bodies like UEFA and others have placed sanctions on Russia. News coming from the United Kingdom indicates that an embargo has been laid on Russian oligarchs. This has placed Mr Roman Abramovich in a tight situation where all United Kingdom assets of him have been frozen. This evolution does not stop Chelsea Football Club from operating. It can still operate under a special licence. According to reports, selling of the club would...
Sulley Muntari’s winner ends Hearts of Oak’s winless run
Accra Hearts of Oak on Wednesday afternoon recorded their first premier league against WAFA since 30 January 2022, when they beat King Faisal by a lone goal. After a quiet first half from both sides, Kwadwo Obeng Jr put Hearts of Oak in the lead a minute after halftime. The striker went past three WAFA defenders after receiving the ball in the box before slotting the ball home. In the 55th minute, the Sogakope-based club equalised courtesy of a brilliant free-kick by Derek Antwi Mensah after he intelligently beat Richard Attah at the near post. Fifteen minutes to the end,...
World Bank: Ghana’s economy expected to face worst times
The Country Director for World Bank, Pierre Laporte, has said that the country started facing economic challenges before COVID-19. In its January 2022 Monetary Policy Report, the Bank of Ghana stated that the stock of public debt was equivalent to 78.4 percent of GDP at the end of 2021, up from 76.1 percent at the end of 2020. As of November 2021, the country’s total public debt stock was over $344.5 billion, a scenario that analysts have termed as worrying. The Finance Ministry has stated that responsibilities such as public sector worker remuneration may become an issue if nothing is...
R2J Foundation lauches Ramadan outreach
In Africa, vulnerability and poverty are on the rise. This development has been a headache for all heads of state in the continent. Many foundations have done their best to address it. But it seems the problem keeps increasing while the population grows. Early this year, a Non-Governmental Organisation (NGO), known as Road 2 Jannah (R2J) foundation, under the leadership of its Founder and Executive Director, Mr Kamaru Abdulai, was set up to help reach out to the poor and needy in the acquisition of skills programmes to eradicate poverty in the communities. Road 2 Jannah (R2J) foundation’s core values...
Four police officers, one civilian arrested in bullion van probe
Four more police officers and one citizen have been arrested in connection with the robbery of bullion vans that shocked Ghana last year. According to the police, the five were apprehended after further investigations. Constables Affisu Yaro Ibrahim, Richard Boadu, Rabiu Jambedu, Albert Ofosu, and suspect Razak Alhassan, a civilian, are the suspects. Interrogation warrants have been issued for the cops involved, and all five will be arraigned today March 9. Meanwhile, two police officers who had been detained early in the investigation have died. An exchange of firearms occurred during a raid at Borteyman in Ashaiman to catch more...
Ukraine: First Lady Olena Zelenska condemns Russian ‘mass murder’
Ukraine’s First Lady Olena Zelenska has issued an impassioned statement on the Russian invasion, condemning the “mass murder” of the country’s civilians. She focused on child casualties, mentioning the names of three children who had died in the bombardments. She said Ukraine wanted peace but would defend its borders and its identity. The whereabouts of Mrs Zelenska, 44, are unknown, and her husband President Volodymyr Zelensky says his family is a target for Russian forces. In an open letter published on the Ukrainian president’s website late on Tuesday in English, International Women’s Day, Mrs Zelenska said she had received numerous requests...
Zimbabwe clinics struggle for nurses after exodus to the UK
Health clinics in Zimbabwe are facing a crisis as increasing numbers of nurses leave the country in search of better prospects, as Shingai Nyoka writes. The young woman in a dark green gown was in the throes of labour, her face twisted in pain. Still for one minute and then groaning and writhing this way and that in the next. I stood at the half-open door peering in, I had permission to be there for a story but felt more like a voyeur, an intruder in a deeply personal moment. Two weeks earlier, the acting chief nursing officer for the...