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Showing posts from October, 2014

KUMAWUMAN RURAL BANK INAUGUTRATES NEW HEAD OFFICE

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   The Kumawuman Rural Bank has inaugurated its two million Ghana Cedi head office complex at Kumawu in the Sekyere Kumawu district of Ashanti.  The inauguration of the head office coincided with the 21 st Annual General Meeting of the Bank. Kumawuman Rural Bank was incorporated in 1982 after it was granted its License by the Bank of Ghana with its operational head office at Kumawu in the Sekyere Kumawu district of Ashanti with an astute financial expert and former Governor of the Bank of Ghana, Dr. Kwabena Duffuor, as one of the founders, a shareholder and now the Chairman of the Board of Directors of the Bank. The inauguration of the head office at Kumawu therefore came as a pleasant news to all the shareholders and other interested persons.  The two-storey office block, which took three years to complete cost about two million Ghana Cedis.  The new Head office complex of Kumawuman Rural Bank The opening of the office coincided with the 21 st Annual General M

RURAL BANKS SUE KMA

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      The Ashanti Regional branch of the Association of Rural Banks is up-in-arms against the Kumasi Metropolitan Assembly over what the Association considers to be an arbitrary increase in the annual Operating Fees charged by the Assembly.  The Association has therefore prayed a Kumasi High Court to place an Interlocutory Injunction on the KMA against either going ahead to charge the new Fess for this year or stop it from locking up Agencies of Rural Banks in the Kumasi Metropolis.  Dr. Nana Akowua Boamah Addressing the 21 st Annual General Meeting of the Kumawuman Rural Bank at Kumawu in the Ashanti region, the Ashanti Regional President of the Association of Rural Banks, Dr. Nana Akowua Boamah wondered why the KMA should increase the annual Operating Fees of one thousand Ghana Cedis charged every Agency of the Rural Banks to 10 thousand Ghana Cedis.  According to Dr. Nana Akowua Boamah, there are currently 63 Agencies of various Rural Banks whose number of agenci

NDC OPTS FOR OUT-OF-COURT SETTLEMENT

     A Kumasi High Court, presided over by Justice Jacob Boon, has granted the NDC and its aggrieved member, Linus Njonolah their request for an out-of-court settlement of their disagreements over a directive by the National Executive of the party restraining any member who has never held any position in the party, or held any office in governments formed by the party, from contesting in the ongoing regional and national elections. Justice Boon told the two feuding parties to return to the Court at a later date with the settlement agreement for the substantive case to be struck out.  The Court’s decision followed an application by the legal team of the NDC for an out-of-court settlement of the matter which was consented to by the Counsel for complainant, Mr. Njonolah. Mr. Njonolah’s Counsel told the Court that once the national executives of the NDC have agreed to back-down on its earlier directive, his client is ready for an amicable settlement of the disagreement.  Later i

KNUST ANALYZES ADOMFE HARD WATER

    The Department of Theoretical, Applied Biology, Environment and Chemistry of the College of Sciences of the Kwame Nkrumah University of Science and Technology has conducted laboratory investigations into the hard water at Adomfe in the Asante Akyem South district of Ashanti to determine the wholesomeness or otherwise of it. The Asante Akyem South District Assembly requested for the laboratory investigation following claims that the water has the potency to heal certain illnesses.   Our Correspondent, Nicholas Osei-Wusu has more on this issue in this report. A report on the test available to ASHANTI TODAY says the Adomfe Borehole Water meets the physiochemical quality requirements for drinking water based on the World Health Organization and Ghana Standards Authority standards. The Report, signed by the Provost of the College of Sciences, Professor Kwasi Obiri-Danso said also that the water contains 31 point-six calcium per litre and 44 point seven-two hardness per litre.

CUSTOMS DIVISION OF GRA WORRIED

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   The Customs Division of the Ghana Revenue Authority has raised serious concerns about the continuous misrepresentation and vilification of the Division as a corrupt institution whose staff are only in to use the state organization to acquire private wealth at the expense of the entire nation. Such negative perceptions and media publicity, according to the Authority, is seriously undermining revenue collection efforts of the Division.The Kumasi Sector Commander of the Customs Division, Assistant Commissioner Isaac Kofi Toffah, who expressed the reservation in Kumasi, admitted that even though there may be some unscrupulous individual workers within the Service just like it pertains in every organization in the country, it is unfair for anybody or group to describe the whole Customs Division as being corrupt. Mr. Toffah was addressing media practitioners in the Ashanti region at a day’s sensitization workshop about the workings of the Ghana Revenue Authority with emphasis on t