Front page stories of Tuesday,4th of February,2014.

The front page stories of Tuesday,4th of February,2014.

ANTOA, POLICE IN BLOODY CLASH DURING DEMO OVER BAD ROADS

An intended peaceful demonstration by the people of Antoa, Duase and Kenyase in the Kwabre East District in the Ashanti Region yesterday to protest against the nature of the bad roads turned bloody when the police opened fire on demonstrators, causing injury to at least five of them..

KOMLA DUMOR ‘RETURNS’ HOME

AT exactly 8:25 pm yesterday, the British Airways Boeing aircraft bearing the body of BBC ace broadcaster, Komla Afeke Dumor, touched down at the Kotoka International Airport in Accra.

3 JAILED 85 YEARS FOR STEALING CAR

An Accra circuit court yesterday sentenced  three people to a total of 85 years’ imprisonment with hard labour for engaging in robbery.

STOP SELLING TEXTILE DESIGNS TO FOREIGN AGENTS

The Minister of Trade and Industry Mr Haruna Addrisu, has called on workers of the various textile companies to desist from the unlawful trading of some textile designs to their agents outside the country.

BOG TO REFORM EXCHANGE RULES TO HALT CEDI’S DECLINE

The Bank of Ghana is expected to reintroduce some short-term bills and aggressively reform the reserve requirements of commercial banks in a bid to stem the decline of the local cedi against the major foreign currencies.

PRIORITISE SPENDING TO BOOST CEDI’S VALUE

A seasoned banker and economist, Mr Alhassan Andani,  has prescribed permanent interventions such as improvements and expansion of infrastructure and exports that generate forex to address the perennial shortage of foreign exchange and the falling value of the cedi.

CEDI’S HOPES HAND ON BoG

The Bank of Ghana (BoG) must do more to  shore-up  the cedi, say market players – who predict that the local currency will remain under pressure as importers continue to seek scarce dollars to pay for goods procured on credit during the holidays as well  as buy fresh stocks for the New Year.

TIME TO ENCOURAGE FOREIGN INFLOWS

Investors want government to encourage more foreign investment into the country and develop the newly touted Ghana Infrastructural Fund (GIF) , rather than play with interest rates and money supply as a way of curbing the cedi’s depreciation.

PIRATED TEXTILES PUSH ATL TO THE BRINK, OTHERS CRY OUT

The influx of pirated textile designs into the country has cost Akosombo Textiles LImited (ATL) about 75 percent  of its business since 2009 and threatens to push the once profitable company over the edge, Mr Stephen Dunton, ATL’s Sales and Marketing Manager, has said.

16 SHOT IN KUMASI OVER ROAD

The police in Kumasi yesterday dispersed  hundreds of protestors on the Kenyasi-Antoa road in the Kwabre East District of the Ashanti Region after a deadly clash.

TONY AIDOO JABS DUNCAN WILLIAMS

The spiritual  solution proffered for the free-falling Ghanaian Cedi by Archbishop Nicholas Duncan-Williams, presiding Bishop of the Christian Action Faith Ministries (CAFM) has received a flurry of intense criticisms from a cross-section of Ghanaians, including former head of Monitaring and Evaluation of the National Democratic Congress (NDC) administration, Dr Tony Aidoo.

NPP HOLDS CRUNCH MEETING

The opposition New Patriotic Party (NPP) is expected to hold a crunch National Council meeting today to deliberate on matters affecting the party in recent times.

4 COPS ARRESTED FOR EXTORTION

Four Police personnel including a woman who allegedly extorted GHC170 from two women have been arrested by the police in Accra.

MINISTER’S EX-LOVER BEFORE COURT FOR BLACKMAIL

A woman, who extorted GHC2,000 from the Greater Accra Regional Minister, Julius Debrah, has been granted bail in the sum of GHC10,000, with two sureties by an Accra Circuit Court.

TEMA MARKET WOMEN SWINDLED

More than 100 traders at Tema Newtown have been allegedly swindled by ESLOC Investment Limited, a savings and loans company, whose managers have vanished with millions of Ghana cedis belonging to the traders.

KOMLA DUMOR’S BODY ARRIVES HOME

The mortal remains of Komla Afeke Dumor, the Ghanaian ace broadcast journalist who died in London on January 18, 2014, arrived home yesterday evening amid mourning.

PANIC OOMS OVER PASSPORTS

Director of Passports, Mr Eric Odoi-Anim has warned that many Ghanaians will not be able to acquire their biometric passports before the set deadline, in view of the slow pace of applications.

NHIS FACES BIG THREAT

Subscribers of the National Health Insurance Scheme (NHIS) will have to buy their own drugs effective Monday if the National Health Insurance Authority (NHIA) fails to pay supplies of drugs to hospitals operating NHIS.

TRAGEDY: 2 PROTESTERS GUNNED DOWN IN KENYASE, BUT POLICE DENIES REPORT

Two drivers were reportedly shot dead in Kenyase in the Ashanti Region after personnel of the Ghana Police Service were deployed to the Ashanti regional suburb to halt a demonstration against bad roads in the town.

DEMO HITS COMET REAL ESTATES IN KWABENYA-ABOASA

Heads and elders of Nii Owoo family of the Greater Accra Region yesterday staged a massive protest against what they  described as the ‘unlawful and illegal’ demolition exercise carried out by Comet Real Estates on a 300-acre land situated at Aboasa, a fast developing community in the Ga East Municipality in Accra.

PPP ‘TWEAA’ TOUR BEGINS TODAY IN ASHANTI REGION

The National Youth Committee (NYC) of the Progressive People’s Party’s two-week nationwide tour christened Tweaa takes off today in the Ashanti Regional capital, Kumasi.