Seychelles rejects $550m Indian military deal

Seychelles’ opposition coalition, which holds a majority in parliament, said on Tuesday that it would not ratify a deal signed with India to build a military base on one of the archipelago’s outlying islands. The deal would see India invest USD 550 million dollars in building the base on Assumption island to help it ensure […]

Majority bullies minority to ratify ‘controversial’ $20m military deal

The governing New Patriotic Party (NPP) controlled Parliament has ratified the controversial Ghana-US military deal despite an opposition. In a legislature visibly divided along party lines in the conduct of its duties, the NPP lawmakers ignored the position of their opponents to move and second the acceptance of the agreement. The ratification of the deal […]

Ghana has enough foreigners, don’t add troops – Rawlings wades into military deal

Ex-president Jerry John Rawlings has cautioned against any military deal that will add troops to the foreign nationals who have infiltrated the economic and social life of Ghana. He said although Ghanaians may have love for Americans, they will not be happy to have “foreign troops on such a scale” living among them. Mr Rawlings […]

BoG takes over uniBank

The Central bank has announced its decision to take over management of the indigenous bank, uniBank starting Wednesday. The measure, Bank of Ghana Governor Dr Ernest Addison has explained is to “save” the bank from collapsing. At a news conference in Accra Tuesday, he said private audit firm, KPMG will be in charge of the […]