Monday, September 16

Tag: Gold

Remittances generate more revenue than gold and cocoa – Dr. Atuahene
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Business

Remittances generate more revenue than gold and cocoa – Dr. Atuahene

Banking and Finance analyst, Dr. Richmond Atuahene says Ghana's inflow from remittances is higher compared to cocoa, oil and even gold. This according to him is because the country "generated $28.6 billion from it (remittances) over a 10-year period as compared to $18.7 billion from cocoa and $7.6 billion from gold." Speaking at the third edition of the Graphic Business/Stanbic Bank Breakfast Meeting on August 20, at the Labadi Beach Hotel in Accra, Dr. Atuahene stressed that if the revenue generated from gold is added to that of cocoa, remittances will still top leaving a gap of $2.3 billion.  "So that is why some of us have described it as gold, super gold, because it is something if it is well structured, captured, traced into the balance sheet, I think Ghana will be somew...
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Auditor General flags BoG, Minerals Commission, others for unreported gold tax revenues
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News

Auditor General flags BoG, Minerals Commission, others for unreported gold tax revenues

The Auditor General has flagged the Controller and Accountant General, the Bank of Ghana, the Ghana Revenue Authority (GRA), and the Minerals Commission for failing to disclose the amount of tax collected from gold exports in 2023. According to the Auditor General, an audit of nine gold mining companies revealed that these companies exported gold valued at GH₵53.1 billion in 2023. However, there is no available data from the Bank of Ghana, GRA, the Controller, or the Minerals Commission to verify how much in royalties was collected from these exports. The Controller and Accountant General, Kwasi Adjei, acknowledged that accounting for gold-related revenues is a developing issue but assured that the department is managing the funds received accordingly. He added that as long as ...
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Asante Gold: UK returns looted Ghana artefacts after 150 years
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News

Asante Gold: UK returns looted Ghana artefacts after 150 years

V&AThe V&A is lending 17 items including an Asante gold ring (top left), a gold badge worn by the king's "soul washer" and a ceremonial pipe The UK has returned dozens of artefacts looted from what is today Ghana - more than 150 years after they were taken. Some 32 gold and silver items have been sent on long-term loan to the country by the Victoria & Albert Museum (V&A) and the British Museum. They were stolen from the court of the Asante king, known as the Asantehene, during 19th century conflicts between the British and powerful Asante people. The objects are expected to be returned to the current king on Friday. His chief negotiator, Ivor Agyeman-Duah, told the BBC that the objects are currently in "safe hands" in Ghana ahead of them being formally receiv...
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13th African Games: Jerry Afriyie’s late strike wins gold for Black Satellites
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Sports

13th African Games: Jerry Afriyie’s late strike wins gold for Black Satellites

The Ghana black satellites team have been crowned champions of the men’s football tournament at the ongoing 13th African Games competition. The Ghanaian youngsters defeated Uganda by a lone goal on Friday night to secure gold in a game played at the Accra Sports Stadium on Friday night A Late strike from striker Jerry Afriyie won the game fro the black satellites after countless miss opportunities. The game looked like it was heading to an injury time before Afriyie found the back of the net with a powerful shot beyond the reach of the Ugandan shot stopper who had been brilliant on the day. Despite the good displays of the two finalists, neither side could score until added time of the second half when the deadlock was broken. Black Satellites forward Jerry Afriyie picked ...
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3 in court for allegedly defrauding Emirati of $60,000 in gold deal
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Crime, News

3 in court for allegedly defrauding Emirati of $60,000 in gold deal

 • The gavel Two Nigerians and a Ghanaian have been put before the Accra Circuit Court for allegedly defrauding a United Arab Emirates national of $60,000 in a gold transaction. The accused are Jacob Sunday Olatunji, a 39-year-old driver and engineer, Israel Olawale Omoley, an architect, and Baffour Abra­ham, currently at large. They have been jointly charged with conspiracy to commit crime, to wit, defrauding and defrauding by false pretences. Olatunji and Omoley have pleaded not guilty to the charges, and the court presided over by Mr Isaac Addo has granted them GH¢1 million bail each with sureties each. The court ordered accused to deposit their passports at the court’s registry until directed otherwise. Prosecution told the court that the complainant, Farhad Omed...
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Winifred Ntumi Targets Gold In Weightlifting At ‘Accra 2023’
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Sports

Winifred Ntumi Targets Gold In Weightlifting At ‘Accra 2023’

Winifred Ntumi, a National Weightlifting Star, was among athletes preparing in Cape Coast ahead of the 2023 African Games. She has moved to Legon, University of Ghana Campus, the Games Village like all athletes representing Ghana. She won Team Ghana's first three medals in the 2019 African Games in Rabat, Morocco, in the 45kg category. However, she will no longer compete in the 45kg category but rather in the 49kg category. She is poised to repeat this feat in Accra. According to Winifred, Accra is her home and she can not afford to see other nationals come to claim the Gold Medals. “Am seriously training very hard to win Gold for Ghana, This is our chance to prove and for our countrymen, family, friends and fans to see us perform at the international level, we just need motivation and ...
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Felix Lartey Aims At Table Tennis Gold At African Games
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Sports

Felix Lartey Aims At Table Tennis Gold At African Games

Ghanaian Table Tennis Player, Felix Lartey aka ‘Spider’ who was recently awarded with a sponsorship package from Stanbic Bank says his target is the ultimate gold medal at the upcoming 13th African Games to be hosted in Accra. He acknowledged it would not be easy as Table Table in Africa is very competitive with top players from South Africa, Egypt and Nigeria also gunning for the gold. The current top seed in Ghana in the absence of Derek Abrefa who is campaigning in the UK, said the Stanbic Bank support has inspired him and hopes to realize his dream as one of the best players on the continent. He expressed that the package will take care of his preparations towards the upcoming African Games including tickets. “I am very happy and want to thank Stanbic Bank and the President of the ...
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A day of doubles and redemption on gold rush Thursday in Budapest
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Sports

A day of doubles and redemption on gold rush Thursday in Budapest

© Getty Images It was a dramatic day of doubles all round, it seemed, on gold rush Thursday at the World Athletics Championships Budapest 23. There were seven titles up for grabs on day six, the most of the championships, and Jamaica ended their drought with two surprise successes in the space of 10 minutes in the evening session at the National Athletics Centre in Budapest. First Danielle Williams pipped Olympic champion Jasmine Camacho-Quinn by 0.01 in the 100m hurdles to reclaim a title she won in Beijing back in the mists of 2015. Then Antonio Watson, nine years her junior, secured an equally unexpected gold in the men’s 400m final. There was also a Jamaican medal double in the men’s long jump, Wayne Pinnock taking a consolation silver and Tajay Gayle bronze in a gripping c...
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Past winners strike gold again as hosts Hungary celebrate first medal
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Sports

Past winners strike gold again as hosts Hungary celebrate first medal

© Getty Images No sooner had day two closed at the World Athletics Championships Budapest 23 than the Hungarian capital launched into national party mode, a fireworks show on the Danube marking St Stephen’s Day, celebrating State Founding Day and the country’s first king, patron and founder. The show inside the National Athletics Centre had been some spectacle to behold. There were thrills, happily no spills, but several surprises as the US sprinter Noah Lyles, the Ugandan distance running king Joshua Cheptegei, the British all-rounder Katarina Johnson-Thompson, the Serbian long jumper Ivana Vuleta and the unheralded Canadian hammer thrower Ethan Katzberg all hit the gold medal standard – as Spain’s Maria Perez had done on the roads in the morning in the women’s 20km race w...
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Gaps Programme Delivers Gold At Trinbago 2023
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Sports

Gaps Programme Delivers Gold At Trinbago 2023

The GAPS programme, a groundbreaking sport and social purpose initiative developed by the Commonwealth Games Federation (CGF) and Griffith University, has enabled 13 Para-athletes from six nations across the UK and Africa to compete at Trinbago 2023 Commonwealth Youth Games. GAPS is designed to support the development of emerging Para-athletes and coaches from across the Commonwealth, breaking down barriers to participation and advancing inclusive sport pathways. Destiny Agbo of Nigeria made history as the first-ever Para gold medallist at the Commonwealth Youth Games, and says the programme gave her the confidence to win. “It means a lot to me to make my country Nigeria proud, to also make my family proud and myself proud. The GAPS programme gives teenagers like us the opportunit...
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