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Transport fares up by 13% starting Saturday June 5

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A statement issued by transport operators on Wednesday, June 2 said this is to enable them to accommodate the increase in the prices of fuel.

The new fares take effect from Saturday, June 5, the statement said.

“In line with the administrative Arrangement on Public Transport Fares the Road Transport operators have received the prices of various components that go into, the running of, commercial transport services.

Earlier, three (3) driver unions announced 20% increase in fares from Monday, MAY 16, 2021. However, after long and difficult negotiations with stakeholders, a 13 per cent upward adjustment in public transport fares across all categories of services has been agreed upon.

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Breaking: Court orders Achimota School to admit Rastafarian Student immediately

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The Human Rights Court 1 Division of the High Court in Accra, on Monday, May 31, 2021, ordered Achimota School to admit Oheneba Nkrabea, the dreadlock-wearing Rastafarian student into the school.

The Court had first ordered Achimota School to admit Tyrone Marhguy, another dreadlock-wearing Rastafarian student before delivering its judgment on Oheneba Nkrabea.

In the last two months, both students were refused admission into the school due to their hairstyle which they attributed to their Rastafarian culture.

The school’s only consideration to allow the duo entry was for them to cut their dreadlocks which they [students] did not budge although the students were placed into the school under the Computerized School Selection and Placement System (CSSPS).

No amount of criticisms by Ghanaians, civil society organizations and human right activists against Achimota School compelled it to back down its decision.

It defended its position saying, allowing deadlocked was against the school’s rules and regulations.

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“Ghana Will Repay The €170m Loan From The European Investment Bank In 15 Years Time” – Ken Ofori-Atta

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Ghana’s current finance minister – Mr Ken Ofori Atta has revealed that Ghana will repay the €170m from the European Investment Bank which will be used in the establishment of a new national bank in 15 years time.

Last Thursday, the Ministry of Finance and the European Investment Bank signed an agreement for the provision of the €170-million facility for the establishment of Development Bank Ghana (DBG). 

This news angered a lot of Ghanaians who took to the internet to lambast Nana Addo and the finance minister for collapsing 9 banks with GHS21bn only to borrow €170m to start another despite the ‘Ghana Beyond Aid’ mantra.

Reacting to these comments from Ghanaians, Ken Ofori Atta has explained that the €170m loan from the European Investment Bank is one of the lowest interest rates of just half a zero per cent with a maturity period of 15 to 20 years with a five years moratorium given to us.

Whiles speaking with Joy News, he also added that the Development Bank Ghana will begin it’s operations in July this year.

He said;

The essence of this is to ensure that institutions are able to borrow on their own credit history and balance sheet without further burden on the central government

Source: Gossips24.com

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BREAKING: ECG Releases New ‘Dumsor’ Timetable

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The Electricity of Ghana (ECG) has once again released a new ‘Dumsor’ timetable.

The outage schedule will only peak at load hours of 6mp to 12 midnight from 27th May to 3rd June 2021.

According to the ECG, the needed interruption in the power supply is to enable contractors to complete the final intervention project in Accra.

They, therefore, called on customers to bear with the inconvenience.

 

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