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News Headlines-February 25 2016

BY MR LARRY ®

PREZ DELIVERS STATE OF NATION ADDRESS TODAY

The attention of over 25 million Ghanaians will be on Parliament House today when President John Dramani Mahama delivers his last State of The Nation Address of his first term in office to the people’s representative in Parliament.

21 CHILDREN RESCUED IN SOUTH AFRICA; THEY SENT THERE TO BE TRAINED AS FOOTBALLERS

Twenty-one children aged between nine and 16 who are suspected to have been trafficked from Ghana to South Africa have been repartriated.

GOVERNMNET, TEACHERS CLINCH DEAL

After a three-day crunch meeting at the Ministry of Employment and Labour Relations between government representatives and teacher unions, the two parties have clinched a deal for the latter to call off their intended strike scheduled after Monday, February 29, 2016.

2 CONSTABLES GRABBED FOR EXTORTION; ONE DRESSED AS INSPECTOR

Two policeme who allegedly mounted an unauthorized police checkpoint and extorted money from drivers have been arrested.

BAWUMIA FIRES GOVT OVER $37BN DEBT

New Patriotic Party (NPP) vice presidential candidate, Dr Mahamudu Bawumia, has blasted the Mahama-led NDC administration for plunging the country into huge debt despite the enourmous resources available to it.

WEDOKU YOUTH PROTEST AGAINST ENCROACHERS

The Youth of Wedokum-Dodowa in the Dangme West District of the Greater Accra Region last Saturday embarked on a massive demonstration against alleged land encroachers.

OCCUPYGHANA REJECTS PHONE TAPPING LAW

Pressure Group OccupyGhana says the real motive behind the ‘Interception of Postal Packets and Telecommunication Messages Bill’ is just to intrude the privacy of people and nothing else.

AHEAD OF STATE OF NATION ADDRESS TODAY: NDUOM REMINDS MAHAMA OF CHAPTER 6

President of Groupe Nduom (GN), Dr Papa Kwesi Nduom, has reminded President John Dramani Mahama of Chapter Six of the 1992 Constitution as he presents the State of the Nation Address to Parliament today Thursday, February 25th, 2016.

CHIEF IN COOLER AS NDC GURUS TRY TO GET HIM BAIL

Following the arrest on Tuesday, February 23, 2016, by the Ministries Police, embattled Chief of Ngleshie Amanfro, Nii Kwashie Gborlor IV, known in private life as Humphrey Dzartor Botchway, has been allegedly kept behind bars by police for reasons yet to be made public.

CBC CALLS FOR UPWARD REVIEW OF SHS FEEDING GRANT

The Ghana Catholic Bishops Conference is calling for upward adjustment of feeding fees for second-cycle institutions, describing the current rate as unrealistic.

TAX EXPERT TO SUE GWCL
-Over Fraudulent Billing

A Koforidua based Chartered Accountant; Mike Kofi Afflu has threatened to commence legal actions against the Ghana Water Company Limited if the company does not immediately stop what he described as fraudulent billing.

GOVERNMENT URGED TO SUPPORT PRIVATE SCHOOLS

The president of Ghana National Association of Private Schools, Atwima Nwabiagya District in Abuakwa zone, Nana Adu Boateng who is also the headmaster of Tweneboa Kodua International School at Abuakwa, has made a passionate appeal to the government to reconsider providing private schools with basic logistics.

AKUFO-ADDO SNUBBED OTUMFUO’S EFFORT TO RESOLVE NPP CRISIS – AFOKO

Embattled national chairman of the New Patriotic Party, Paul Afoko has revealed that Nana Addo Dankwa Akufo-Addo snubbed efforts by the Asantehene Otumfuo Osei Tutu II to intervene in his “illegal” suspension.

CPP WILL REVIVE YOUTH PATRIOTISM THROUGH JOB CREATION

Leader and Chairman of the Convention People’s Party (CPP,) Prof. Dr. Edmund Delle, has assured young Ghanaians that his party will restore the spirit of nationalism through job creation.

MORE ROT AT GNAT

A total of 80,000 copies of a quarterly magazine for teachers printed by the Ghana National Association of Teachers (GNAT) at a cost of GH¢120,000 with monthly deductions from teachers’ meagre salaries have been shredded.

I BELONG TO THE KUFUOR FACTION – AFOKO

Suspended national chairman of the New Patriotic Party (NPP) Paul Afoko has reinforced assertions that there are factions within the Danquah-Busia-Dombo tradition, and he belongs to the Kufuor one.

I WILL TRIUMPH OVER ZANETOR IF… – NPP’S NII NORTEY

A New Patriotic Party (NPP) Parliamentary Aspirant for the Klottey Korle Constituency, Nii Noi Nortey, says he will triumph over the National Democratic Congress’ Parliamentary Candidate if he emerges the winner in the party’s Saturday primary.

DUMSOR NOT OVER; IT COULD RETURN SOON IF… – ANALYST

Energy Analyst, John Peter Amewu, has predicted that the country could plunge back into the power crisis now referred to as ‘Dumsor’, if government does not take long-term measures to fully address the problems in the power sector.

E/R CPP: BLAME ’66 COUP MAKERS FOR GHANA’S MISERY

The Eastern Regional Branch of the Convention People’s Party (CPP) has blamed those behind the 1966 overthrow of Dr Kwame Nkrumah for Ghana’s present predicaments.

ANANE: AFOKO SHOULDN’T HAVE BEEN OUSTED

Nhyiaeso Member of Parliament (MP) Dr Richard Anane has said Mr Paul Afoko should not have been ousted from his position as national chairman of Ghana’s biggest opposition party.

LEGALIZING CANNABIS WILL PUT YOUTH AT RISK – P. C. APPIAH-OFORI

A leading member of the opposition NPP, Paul Collins Appiah-Ofori has kicked against a suggestion by former UN Secretary-General Kofi Annan that cannabis should be legalized.

BUSINESS HEADLINES

BUSINESS OPERATORS DECLARE 3-DAY STRIKE FROM MONDAY

Nineteen business associations have resolved to close down all their shops from Monday, February 29 to Wednesday March 2, 2016 in protest against what they describe as “killer taxes” imposed by the government.

GUTA AGITATES OVER KILLERS TAXES ON THEIR BUSINESSES

The Joint Private Sector Business Consultative Forum has lamented over government’s failure to remove certain killer taxes and trade policies that collapses business in the country.

MASLOC PRESENTS 80 TRICYCLES TO BENEFICIARIES

The Chief Executive Officer (CEO) of the Microfinance and Small Loans Scheme (MASLOC), Mrs Sedina Tamakloe Attionu, has entreated the youth to see the tricycle business as a viable venture.

SHOPRITE PROFIT INCREASES AS LOWER FOOD PRICE RISES BOOTS SALES

Shoprite Holdings Ltd., Africa’s largest food retailer, said first-half profit increased faster than a year earlier as price increases were kept below the official inflation rate, boosting volumes sold.

STANCHART TO BE WEIGHED DOWN BY EARNING DECLINES

Groupe Nduom (GN) analysts anticipate a 4% y-o-y decline in post-tax profit and a 3.91% increase in impairment loans in the yet-to-be released 2015 full year financials for Standard Chartered Bank (SCB).

PPI RATE HITS 16.3% IN JANUARY 2016

The producer price inflation rate for January 2016 is 16.30 per cent, the Ghana Statistical Service, announced in Accra on Wednesday.

LOCAL RICE DEMAND PUSHES PRICE OF IMPORTED RICE DOWN

ESOKO Ghana has attributed the continuous decline in the price of imported rice to an increase in demand for local rice by consumers. The price of imported rice has seen continues reduction of about 20 percent in the last three weeks.

DALEX FINANCE CEO PUSHES FOR AGRIC SECTOR INVESTMENT

The Chief Executive of Dalex Finance Kenneth Thompson has reiterated the call for government to channel the nation’s resources into developing the agricultural sector to the benefit of the economy.

ANGLOGOLD TO CEDE MAJORITY OF OBUASI MINE TO GOV’T

Citi Business News has gathered that AngloGold Ashanti will soon be ceding over two thirds of its obuasi mine to government.

GRA EXCEEDS 2015 REVENUE TARGET BY GHC620M

Ghana Revenue Authority (GRA) exceeded its revenue collection target by a whopping GHC620 million last year, representing 2.9 per cent more than its target for the year.

LOW INSURANCE PENETRATION BLAMED ON LACK OF PUBLIC CONFIDENCE

Deputy Commissioner of the National Insurance Commission, Simon Davor, says the low level of insurance penetration in the country is because the public lack confidence in insurance companies.

CONSUMERS UNLIKELY TO BENEFIT FROM DECLINING OIL PRICES

Some industry watchers in the petroleum sector have ruled out a possible decline in the prices of petroleum products at least with the continuous depreciation of the cedi.

INTERNATIONAL HEADLINES

ERITREA WON’T SHORTEN NATIONAL SERVICE DESPITE MIGRATION FEARS

Eritrea is not prepared to stop forcing its youth into lengthy stretches of work as soldiers and civil servants, a conscription policy that is driving waves of refugees to make the perilous trip across the Sahara desert and Mediterranean Sea to Europe.

US BACKS LIBYAN LEGISLATORS OVER UNITY GOVERNMENT

The United States backed Libyan lawmakers’ support for a new national unity government after the country’s internationally recognized parliament said it was prevented from forming one.

NEW C.AFRICA LEADER FACES COUNTRY IN RUINS

After a surprise election win, the former maths teacher now Central African Republic’s president-elect, Faustin-Archange Touadera, faces the daunting task of setting back on its feet a nation crippled by three years of sectarian violence.

RUSSIA – TERRORISTS ARE NOT PAWNS IN GEOPOLITICAL GAMES IN MIDDLE EAST: RIA

Crises in the Middle East will not be resolved if terrorists are used as pawns in geopolitical games, RIA news agency quoted Russian Foreign Minister Sergei Lavrov as saying on Thursday.

U.S. TO PRESENT DRAFT U.N. SANCTIONS RESOLUTION ON NORTH KOREA

The United States will submit to the U.N. Security Council on Thursday a draft resolution that would expand sanctions against North Korea over its latest nuclear test, a spokesman for the U.S. mission to the United Nation said.

NATO OVERCOMES GREEK-TURKISH TENSIONS TO AGREE AEGEAN MISSION

NATO allies have agreed to a plan for their ships in the Aegean Sea to help Turkey and Greece counter criminal networks smuggling refugees into Europe, NATO’s chief said on Thursday, overcoming territorial sensitivities between Greece and Turkey.

U.S. TO BOOST SOUTH CHINA SEA FREEDOM OF NAVIGATION MOVES, ADMIRAL SAYS

The United States, which is worried by China’s military buildup to assert dominance in the South China Sea, will increase freedom-of-navigation operations there, a senior Pentagon official said on Wednesday.

TRAPPED BETWEEN IRAQ FRONTLINES, REFUGEES ILLUSTRATE SUNNI ARAB PREDICAMENT

They are trapped between two worlds – one they want to leave and the other to which they are denied entry.

FOR 2017 FRENCH PRESIDENTIALS, ECONOMIC LIBERALISM IS IN VOGUE

Lower taxes, fewer labour rules, less state: in a country famed for its attachment to a protective social model, economic liberalism is the surprise trend among aspirants for France’s 2017 presidential election.

TRUMP’S SURGE CONFOUNDS RIVALS, MAKES HIM BETTING FAVOURITE

Donald Trump’s chances of clinching the U.S. Republican presidential nomination shot to a record high on global betting websites on Wednesday and the billionaire businessman, long viewed as a political outsider, won his first endorsement from a member of Congress.

TENS OF THOUSANDS OF FIJIANS HOMELESS AFTER CYCLONE – DISASTER AGENCY

Tens of thousands of Fijians remain homeless and living in evacuation shelters in the aftermath of a devastating cyclone at the weekend, officials said on Thursday, as aid began trickling in to the outer reaches of the South Pacific archipelago.

INDONESIA OVERTURNS ACQUITTAL OF INTERNATIONAL SCHOOL TEACHERS CONVICTED OF STUDENT ABUSE

Indonesia’s supreme court has overturned the acquittal of two teachers, a Canadian and Indonesian, convicted of sexually abusing students at an international Jakarta school and ordered them to serve out their original sentence.

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