GET IN TOUCH
 
 
 
 
 

Author Archives: webmaster

NGO rehabilitates dormitory block for correctional centre

As part of activities marking it’s 10th anniversary, Angel-Zoe Foundation, a non-governmental organisation (NGO) that assists women and juvenile prisoners in Ghana, has unveiled a social welfare plan for a number of senior correctional centres across the country. The foundation has in the plan, rehabilitated a dormitory block for the Accra Senior Correctional Centre to support the ever-increasing juvenile inmates ...

Read More »

GSTS Alumini holds fundraising event

The GSTS Alumni Association (GAA) of North America held a fundraising event at Falls Church in Virginia. The event brought in a net of about $25,000 for projects at GSTS. The current Headmaster of GSTS, Mr. Samuel K. Essel, whose visit to the US was facilitated by the GAA-North America was joined on his Worcester school tour by the following ...

Read More »

The rise and fall of UT, Capital Bank

The news that two indigenous banks, UT and Capital Bank have been taken over by GCB Bank has come as a shock to many Ghanaians, as just a year ago, Capital Bank was adjudged the Best Growing Bank, and Best Bank in Deposits & Savings at the Ghana Banking Awards. The central bank on Monday announced that it had revoked ...

Read More »

Greed, profits cause of banks’ failings – Prof. Dordunoo

Following the collapse of UT Bank and Capital Bank, an economist, Professor Cletus Dordunoo has attributed the precarious situation of some financial institutions to greed and a drive for profits. Speaking on the Citi Breakfast Show,  said he was somewhat surprised because at the collapse of the two banks “those were banks we thought were doing very well,” but he ...

Read More »

BoG governor’s address on UT, Capital Bank collapse [Audio]

The Governor of the Bank of Ghana, Dr. Ernest Addison addressed a press conference updating the public on the collapse of UT Bank and Capital Bank and the subsequent takeover of the two banks by GCB Bank. Among other things, he noted that the BoG was going to probe the insolvency and sanction persons whose actions may have led to ...

Read More »

Ama Ata Aidoo criticises ‘Summer’ Camp, extra classes

Celebrated Ghanaian literary personality, Ama Ata Aidoo has expressed her incredulity at extra and vacation classes organised for students in many of Ghana’s schools. She described them as a symbol of the country’s broken educational system and an indication that the schools were not competent enough to perform their core duties. “Those extra and vacation classes which are run off ...

Read More »

GTUC graduate holds 17th congregation ceremony

The Ghana Technology University College (GTUC) over the weekend held its 17th Congregation ceremony on the theme “the role of professional associations in university curriculum development.” In all, about 130 students graduated in various disciplines including Coventry students graduating in Ghana (80), CASS students (8), Coventry students graduating at UK (39) and Staffordshire students (3). The ceremony marked the end ...

Read More »

Citi News Daily: Monday 14 August, 2017

Read More »

BoG to sanction officials behind UT, Capital Bank collapse

The Bank of Ghana (BoG) has said it will investigate and sanction officials whose activities led to the collapse of UT Bank and Capital Bank. “The last phase of the BoG’s action would involve a thorough investigation of operations of UT Bank and Capital Bank and appropriate action will be taken against shareholders, Directors, and key a Management personnel who ...

Read More »

Sierra Leone mudslide buries houses as many feared trapped

Dozens of people are feared trapped after a mudslide near Sierra Leone’s capital, Freetown. A hillside in the Regent area collapsed early on Monday following heavy rains, the BBC’s Umaru Fofana says, leaving many houses completely covered in mud. Our reporter, who is at the scene, says many people may have been caught asleep when the mudslide occurred. Officials say ...

Read More »