The Vatican was shaken by a corruption scandal Thursday after an Italian television investigation said a former top official had been transferred against his will after complaining about irregularities in awarding contracts.Corruption Scandal Shakes Vatican
The Vatican was shaken by a corruption scandal Thursday after an Italian television investigation said a former top official had been transferred against his will after complaining about irregularities in awarding contracts.Morgan Freeman to marry his step-granddaughter
Veep Urges Telecos To List On GSE
Vice President John Dramani Mahama has urged the country’s telecommunication companies to consider offloading some of their shares on the Ghana Stock Exchange (GSE) to allow for participation of Ghanaians.How Ghanaians React Over Recent Cabinet Reshuffle
Ghanaians on Wednesday afternoon were greeted with shocking news in the much-awaited Cabinet reshuffle made by the President of the Republic of Ghana, H.E Prof John Evans Atta Mills.Gov’t concedes errors in Chinese loan documents
Government has denied claims that the country will pay as much as 2.3 billion dollars more for the loan it is contracting from the Chinese Development Bank in addition to the principal and interest.
The Minority in Parliament raised concerns on Thursday that the country will commit nearly 7 billion dollars worth of the country’s crude oil to the Chinese.
They claim this violates the Petroleum Revenue Management Law and smacks of corruption.
But Deputy Finance Minister, Seth Terkper has told Joy News the claims are false.
“Ghana’s oil is not being collateralized. The proceeds from the off-take will be paid into bank of Ghana just like any sale of crude oil and out of the proceeds that go into the Petroleum Holdings Account, the distribution will be made into the Stabilization Fund, Heritage [Fund] and [the] annual budget funding amount.”
He explained that the part of the proceeds that go into the Consolidated Fund will be the only resource that will be used in servicing the loan.
Mr Terkper also denied claims that government has set the price at which the Chinese will buy the country’s oil at 85 dollars, well below the prevailing market price. Dr. Matthew Opoku Prempeh had earlier accused the government of pegging the cost at an unreasonably low price compared to the prevailing crude oil price.
Mr. Terkper, said the volatility in crude oil price makes it unrealistic to fix the price, adding that the “off-taker agreement calls for the use of average prices that will be adjusted periodically.”
He, however, conceded that there were errors in the documents presented to Parliament which must have informed the Minority’s views on the matter.
Source: Joy Online
How Media Reported Prez Mills Cabinet Reshuffle
Sudan, S. Sudan Leaders Fail To Reach Oil Deal
Nigerian Traders Shot And Burnt
At least 15 village traders were shot dead in northern Nigeria’s Zamfara state as they returned from a market on Thursday night.Teachers Threaten Strike In Two Weeks
The Greater Accra Regional branch of the Ghana National Association of Teachers (GNAT) has threatened to embark on an indefinite strike if the culprits behind the assault of their colleagues are not found.Ghanaians urged to remember Nigeria in prayer
Global Intercessory Prayer Organisation (GIPO), a non governmental organization, has call on Ghanaians to show more concern for Nigeria’s current instability by praying for that country.
This according to the NGO, was due to the crucial deepening relationship that existed between the two countries.
In a statement copied to the GNA on Friday, the Association noted with concern the rate at which churches were being burnt and property destroyed.
The statement extolled the huge role Nigeria played in the socio-economic development of some countries in the West African sub-region including Ghana.
“It is a well known fact that Nigerian investments have helped a lot in the socio-economic development of this country.
“The West African Gas Pipeline project and the proliferation of Nigerian-owned banks in the country are typical examples of the corporation between the two countries”.
It said Ghana and Nigeria were the two major powers in the West African sub-region and should therefore stand together and take the leading role in promoting cooperation among other African countries.
Some of the prayer topics include “God’s wisdom for President Goodluck Jonathan to enable him deal with the issues that confront the country”, “Peace between Christians and Muslims” and “Total peace for the embattled country”.
Source: GNA

