NEWS HEADLINES(17/05/16)

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📰📰Today’s front pages 
Date: 17-05-2016

Business & Finance

MOBILE MONEY TRANSACTIONS HIT GHC35.4BN
The penetration of mobile money in the country has seen an astronomical rise for the fourth year running with last year’s value of transaction reaching GHC35.4billion, an increment of more than 216 percent over the previous year, data seen by the B&FT has shown.

BoG TO OFFER DKM DEBTS FOR SALE
The Bank of Ghana is seriously weighing the option of offering banks an opportunity to buy the deposit liabilities of the troubled DKM Diamond Microfinance Company in a debt-buy-back scheme as the central bank explores ways of raising money to compensate investors who have lost funds to the rogue microfinance company.

GHANA BROADLY MEETS 2015 IMF PROGRAMME TARGETS – A CREDIT POSITIVE
The International Monetary Fund (IMF) last week completed its third review mission to Ghana (B3negative), and concluded that the country as at the end of December 2015 had broadly met the performance criteria under its three-year Extended Credit Facility (ECF) programme.

Finder

CONSOLIDATE GOV’T CASH…WITH TREASURY SINGLE ACCOUNT TO AVOID LOSSES
While questions are being raised about the rationale of government institutions depositing their money in universal banks as against the Bank of Ghana (BoG), it has emerged that one critical motivation for this action is the lure of financial gains offered by the banks.

HIV PREVALENCE RATE INCREASES IN UPPER WEST
The 2014 sentinel survey has revealed that the HIV prevalence rate in the Upper West Region has increased from 0.8 percent in 2013 to 1.3 percent in 2014.

BOG CAUTIOUSLY OPTIMISTIC ABOUT CURBING INFLATION
Governor of the Bank of Ghana (BoG), Dr Abdul-Nashiru Issahaku has defended the bank’s monetary policy stance, saying “our forecasts on inflation are working and there are early signs of progress.”

Daily Guide

MASSIVE SHAKE-UP IN POLICE OVER BUKOM BANKU, JB
The Inspector General of Police (IGP), John Kudalor, has made his third transfer of officers less than a year since assuming office, sending the high profile officers to relatively lesser command posts in a move seen by security analysts as punishment for some commanders.

NPP IN GOOD SHAPE – NANA
The Presidential candidate of the New Patriotic Party (NPP), Nana Addo Dankwa Akufo-Addo, has told Ghanaians that the party is in good shape and ready for this year’s general election.

RUN-AWAY ROBBER NABBED
The Brong-Ahafo Regional police have re-arrested the 21-year-old suspected armed robber, Kwaku Yeboah, who escaped from the Sunyani Regional Hospital last week, although he was under police guard.

Today

DANGER LOOMS…SEA EROSION THREATENS AXIM
Today can report that the old international road from Axim to the border town of Elubo in the Western Region is gradually being eaten up by the sea.

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IGP TRANSFERS 16 POLICE CHIEFS
Inspector General of Police, John Kudalor, has made his third round changes in the Police Administration, since assuming office seven (&) months ago.

OUR WATER IS CLEAN – GWCL
Ghana Water Company Limited (GWCL) has refuted claims that its tap water contains toxins, and has assured Ghanaians the water is safe for consumption.