WHAT IS BITCOIN, AND HOW DOES IT WORK?

WHAT IS BITCOIN, AND HOW DOES IT WORK?. Bitcoin transactions are tracked by a decentralized network of computers around the world.CreditMark Blinch/Reuters. If you find the concept of Bitcoin confusing, you are not alone. The virtual currency has been a constant source of controversy, but it is still not well understood. On Monday, one Bitcoin was worth $4,389. Source: Blockchain.info Are Bitcoins those coins I see in photographs? No. Those coins are novelty items that newspapers used in photographs because they couldn’t find anything else to illustrate their stories about Bitcoin. A Bitcoin is a digital token — with no physical backing — that can be sent electronically from one user to

SHARE THIS:
Read more

PAPERLESS PORT RECORDS GHc 69m IN A SINGLE DAY – IMANI BOS EXTOLS GOV’T

PAPERLESS PORT RECORDS GHc 69m IN A SINGLE DAY – IMANI BOS EXTOLS GOV’T. The President of IMANI Africa, Franklin Cudjoe has claimed that an initial assessment of the implementation of the paperless system at the country’s ports has shown a “record” revenue collection improvement in just a single day. According to him, revenue at the port increased to GHc69 million in just a day – a figure he said is impressive after the implementation of the system. The policy Think-tank boss who could not hide his joy took to his Facebook page to share that indeed “Ghana’s Paperless System is working”. He however heaped praise on President Nana Addo

SHARE THIS:
Read more

JUJU KILLING NORTHERN MUSIC – 2S

JUJU KILLING NORTHERN MUSIC – 2S. Some musicians in Northern Ghana have disclosed that jealousy in the industry and the use of ‘juju’ otherwise known as black magic is what appears to be fighting against the progress of the industry. According 2S, the youngest duo Afro pop – Ibtihaj Hardi and Nihad Hardi, Managers and Producers of musicians instead of properly grooming their artistes to meet the challenges of the industry, rather resort to voodoo to kill the talents of those they see as threats. “We are only children who want to educate our peers on various developmental issues through our music and we have demonstrated that in our music.

SHARE THIS:
Read more

FINANCE MINISTER DIRECTS REMOVAL OF 26,589 WORKERS FROM PAYROLL

FINANCE MINISTER DIRECTS REMOVAL OF 26,589 WORKERS FROM PAYROLL. The Minister of Finance, Ken Ofori-Atta has directed that names of 26,589 public sector workers be removed from the payroll commencing April 2017 for failure to register on the new SSNIT biometric system. A statement from the Public Relations Unit of the Ministry of Finance said the affected workers had failed to register despite many opportunities to do so. The Minister, in his presentation of the 2017 budget, announced Government’s commitment to clean the payroll.To that effect, the Minister requested that the Controller and Accountant General on the 10th of February 2017 should inform all public servants on the Government of

SHARE THIS:
Read more

GOVERNMENT RELEASES GH¢465m FOR ONE-DISTRICT-ONE-FACTORY PROJECT

GOVERNMENT RELEASES GH¢465m FOR ONE-DISTRICT-ONE-FACTORY PROJECT. President Nana Akufo-Addo An amount of GH¢465 million has been released by government for the commencement of the one-district-one-factory project. The Director of Policy Planning, Monitoring and Budget at the Ministry of Trade and Industry, Mr. Padi Adjirakor, who made the announcement in Accra on Monday also revealed that an amount of GH¢256 million has also been released for the revamping of 100 private commercially viable companies throughout the country. Delivering a speech on behalf of the Trade and Industry Minister Mr. Alan Kyerematen, at the opening of the Ghana International Trade and Finance Conference, Mr Adjirakor said all businesses that qualified for the

SHARE THIS:
Read more

GERMANY MOVES 100 TONNES OF ITS GOLD FROM NEW YORK TO FRANKFURT

GERMANY MOVES 100 TONNES OF ITS GOLD FROM NEW YORK TO FRANKFURT. Germany’s central bank said on Thursday it sped up the process of bringing its gold home from foreign vaults in 2016, moving more than 200 tonnes from New York and Paris. The Bundesbank relocated some 216 tonnes of the precious metal to its headquarters in Frankfurt last year, including 111 tonnes from New York and 105 from Paris. That amount was a slight increase over the 2015 total of 210 tonnes, while 2014 saw 120 tonnes moved and 2013 just 37 tonnes. During the Cold War, the Bundesbank kept much of its reserves outside the country for fear

SHARE THIS:
Read more

THE USELESS BLACK STARS OF NYANTAKYI

THE USELESS BLACK STARS OF NYANTAKYI. There I was hoping the black stars provide some cheer amid a tanking economy. Instead they exited AFCON 2017 without a fight, while earning about $15,000 per player. The problem with the Ghana National team is multi-fold, but it all boils down to one man: Nyantakyi, Nyantakyi, Nyantakyi & Nyantakyi.     President Kwesi Nyantakyi The current president of the Ghana Football Association(GFA) has been in power for about 20 years and won nothing of substance. His idea of success is qualification for tournaments. If he remains at the helm, we are doomed. If he had a sense of patriotism or an ounce of

SHARE THIS:
Read more

FALLEN JOHN MAHAMA: HOW THE NDC PLUNDERED $6B IN GHANA OIL CASH

FALLEN JOHN MAHAMA: HOW THE NDC PLUNDERED $6B IN GHANA OIL CASH. “…To repeat, in nearly 6 years of oil production at the Jubilee Oil Fields under Mahama and his NDC party, Ghana received just $3.3 billion out of nearly $17 billion dollars in oil revenues…representing just 19.76% of total oil revenue…Mr. Mahama called their predatory and plundering scheme the “Ghana Hybrid System”, now…consolidated into a law they enacted about 3 months ago they call Act 919…It is all a Ghana version of a 419-Royalty-Scheme to rob Ghanaians of their sovereign oil and gas wealth…The important question now is, what is Akufo-Addo going to do about Ghana’s oil contracts to

SHARE THIS:
Read more

AKUFO-ADDO WALKS IN FATHER’S STEPS IN RISE AS GHANA’S LEADER

AKUFO-ADDO WALKS IN FATHER’S STEPS IN RISE AS GHANA’S LEADER. President-elect Akufo-Addo defeated incumbent Mahama Victory comes after two failed attempts for former minister Ghanaian president-elect Nana Akufo-Addo’s family is such an institution in the West African nation that his father’s portrait is printed on its currency. So is his uncle’s. A lawyer and former foreign minister, Akufo-Addo has always been a public figure. He won last week’s election against incumbent President John Mahama after vowing to create jobs, encourage mining of untapped bauxite deposits and boost agriculture in the impoverished north by building irrigation systems. He says these measures will lift an economy that required a bailout of almost

SHARE THIS:
Read more

WE KNOW ALL THE REASONS WHY YOU WILL ALWAYS REMAIN POOR

WE KNOW ALL THE REASONS WHY YOU WILL ALWAYS REMAIN POOR. There are easy and quick-to-recognize signs that help us know if we are heading downward in our quest for financial upliftment. Here are all the reasons why some Ghanaians will surely remain poor; 1. Lacking Financial Discipline. We know all the reasons why you will always remain poor Most people do not realize that the only way to financially prosperity is discipline. It doesn’t matter how much you make from your job, if you are indiscipline with your finances you’ll also remain poor and even in-debt. You should be able to save some parts of your salaries and income

SHARE THIS:
Read more

“MANHYIA PALACE MAKES HUGE CASH….OTUMFUO SHOULD DO MORE”-ODIKE

“MANHYIA PALACE MAKES HUGE CASH….OTUMFUO SHOULD DO MORE”-ODIKE. ounder, Leader and Flagbearer of the United Progressive Party (UPF) Akwasi Addai popularly called Odike, is challenging the occupant of the Golden Stool Otumfuo Osei Tutu II, to do more than presently witnessed with resources he gets. He alleges that the Manhyia palace alone, makes huge sums of money which could be compared to taxes accrued by the state and therefore wants the Asante King to expand the scope of his support to subjects and citizens. The business mogul now turn politician on Abusua Nkomo hosted by Luther King Kwame Adinkra,  says he does not understand why “unemployment and poverty is assuming

SHARE THIS:
Read more