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Attorney pushes for prosecution at bog over mismanagement of cedi

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A legal professional, Dr. John Baiden, is pushing for the legal professional general to cause prosecutions at the financial institution of Ghana (bathroom) over the perceived mismanagement of the Ghana cedi, which continues to lose value in opposition to the main forex, the dollar.He has petitioned the legal professional trendy and said, “the financial institution of Ghana has compromised the Ghana Cedi. It is out of line and have to be introduced returned in line, as our laws call for.”

“it’s far our desire that you explore the said likely motive to provoke prosecution in opposition to the ones behind the bog cooperate veil for the unlawful damage they have brought on to our cedis earned, gifted, invested and saved,” his petition delivered.Talking on Eyewitness information, Dr. Baiden said the bog become responsible of “causing unlawful harm to our financial houses.”He stated, “a variety of struggling at the land” induced his petition.

Dr. Baiden additionally feels the bog has not justified its independence and deserves greater scrutiny.“The physician of each economy is the principal bank and right here the mandate is clear; deliver the human beings a strong foreign money,” the attorney stated.The Ghana cedi depreciated by way of 15.8 percentage in opposition to america greenback as of may 2022, as compared to an appreciation of zero.Five percent in the equal duration of 2021.He stated the attorney trendy and the bog have no longer answered to his petition.

Ghana heads for fifth wave amidst speedy spreading infections, choked hospitals

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There has been a tremendous surge in Covid-19 cases in Ghana this month, putting the country at the path to its fifth wave because the outbreak in March 2020.In March 2022, President Akufo-Addo lifted maximum of the Covid-19 restrictions.The executive tool changed into revoked, allowing all land and sea borders to be re-opened.

The carrying of facemasks, a prime intervention in curtailing the spread of Sars-Cov-2 (the virus which causes Covid-19), become also comfortable, making the wearing of face coverings not mandatory.All in-character activities, together with non secular gatherings, meetings, workshops, and funerals, ought to now resume at full ability, as long as the target market and members are completely vaccinated, however hand washing and hand sanitizing points have been nonetheless to be made to be had, President Akufo-Addo said in his twenty eighth deal with to the country at the pandemic.

At this time, cases had been low around the country with a unmarried case of Covid-19 stated on the 17th of April, an active case of simply 26 and no hospitalisations at all.Nowadays, active cases have crossed the 1,000 infections mark with 120 men and women contracting the sickness in one day, records from the Ghana health provider shows.
COVID-19: Ghana heads for 5th wave amidst fast spreading infections, choked hospitals

White house lawyer instructed Trump-allied legal professional searching for to combat Ga. Outcomes to get a crook protection legal professional

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A day after the Capitol insurrection, a White residence lawyer said he warned a Trump-allied legal professional that he must get a criminal defense attorney over his efforts to fight the Georgia election outcomes, consistent with a video clip launched Tuesday by using the Jan. 6 committee.

Eric Herschmann, who at the time worked for the White house, stated John Eastman contacted him and started out asking about the election results in Georgia, one of the states narrowly received with the aid of President Joe Biden that former President Donald Trump sought to overturn.

“He commenced to ask me about something managing Georgia, keeping some thing, potentially for appeal,” Herschmann says in video of his testimony to the Jan. 6 committee. “and i said to him, are you out of your f’ing thoughts? Right? I stated I simplest need to hear two phrases popping out of your mouth any more, ‘orderly transition.’”

Herschmann stated he asked Eastman to repeat the 2 words, later adding: “Now I’m going to present you the great free legal advice you’re ever getting in your existence: Get a splendid f’ing crook protection lawyer. You’re gonna need it.”

Coterie announce its expansion in New York city

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Coterie Insurance, a small business insurtech, announced its expansion into New York State. With the addition of New York, Coterie insurance products are now available to agents, brokers and small employers across the nation.

New York agents and brokers can now access Coterie’s offerings on its website and small businesses in New York can connect with one of Coterie’s 5,000 agents via the website’s Find an Agent tool. The Coterie dashboard offers a qualification checker that indicates within seconds if a business is within the Coterie appetite.

“New York has the 10th largest economy in the world and maintains one of the largest employment populations of micro-businesses under 20 employees in the nation,” says Pete Buccola, vice president at Coterie.

In addition to partnering digitally with agents and brokers, Coterie aims to integrate insurance purchasing into existing small businesses processes. The company has teamed up with platforms including Intuit Quickbooks and Thryv in order to deliver business insurance through tools customers are already using. The company has also partnered with Independent Market Solutions and First Market Connect to help expand its capabilities to insurance agents already serving small businesses.

Coterie offers general liability, professional liability and business owners policies for small employers and freelancers. Coterie’s insurance products are underwritten by Spinnaker Insurance Co. and Benchmark Insurance Co.Coterie is led by David McFarland, founder and CEO.

The Cincinnati-based insurtech pulled in $11.5 million in new venture funding in February 2021 That followed an $8.5 million initial financing round in March 2020. Its investors include Intact Ventures, Alpha Edison, Lackawanna Insurance Group, RPM Ventures and Allos Ventures.

Ghana Emerges 8th in the Africa top 10 Gold holding

Ghana, formerly Gold Coast, occupies the eighth position amongst the top 10 African countries with the largest gold holdings amounting to 8.74 metric tons, as of December 2021.

Algeria claims the topmost spot as the African country with the largest gold holding, at 174 metric tons, according to Statista – a global statistics portal integrating diverse topics of data and facts into a single platform.

The North African country was followed by South Africa, with official gold reserves reaching 125 metric tons.

Libya takes the third position with – 117 metric tons.

Following Ghana is Tunisia and Mozambique, who placed ninth and tenth with – 6.84 metric tons and 3.94 metric tons respectively.

In March this year, the price of Gold reached $2,069.25 an ounce, a figure very close to the all-time high it reached in early August 2020.

According to financial experts, geopolitical tension caused by the Russian-Ukraine war is sinking the world’s big stock markets leaving investors to run towards what they perceive as safe-haven assets such as the dollar, gold, or bonds.

Generally speaking, when inflation starts to rise, governments will buy large amounts of gold as a counter measure.

In 2020, central banks worldwide bought 272.9 tonnes of gold, according to data reported by the World Gold Council (WGC) data.

Meanwhile, the Bank of Ghana has launched a gold acquisition programme with the aim of doubling its gold holdings over the next five years.

In a speech , The Governor, Ernest Addison, at the launch of the event in June 17, 2021, said the programme would allow the Central Bank to buy domestically produced gold from selected aggregators and mining firms.

That, he said, would mark a “significant change in the modus operandi of Bank of Ghana’s foreign exchange reserves management operations.”

Here are the top 10 African countries with the largest gold holdings in 2021, according to Statista.

Algeria 174 metric tons

South Africa – 125 metric tons

Libya – 117 metric tons

Egypt – 80.73 metric tons

Morocco – 22.12 metric tons

Nigeria – 21.37 metric tons

Mauritius – 12.44 metric tons

Ghana – 8.74 metric tons

Tunisia – 6.84 metric tons

Mozambique – 3.94 metric tons

SOURCE GNA

ECG has join heads with the Military to install prepaid meters in the Krobo land

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The Electricity Company of Ghana (ECG) is collaborating with officers of the 49 Field Engineers Regiment of the Ghana Armed Forces to carry out the installation of prepaid meters in the Krobo District of the Greater- Accra region.

Madam Sakyiwaa Mensah, the Public Relations Officer of ECG, Tema Region, stated “we are working in collaboration with officers from the 49 Field Engineers Regiment to provide technical assistance with the installation of the prepaid meters in Krobo District.”Madam Mensah said ECG has had a long-standing relationship with the Ghana Military, spanning over two decades, adding that for instance in February 2022, the Company had an exercise with them, through their ECG Training School in Tema.She said it was their hope to install as many meters within the shortest possible time, hence the need for extra hands, adding that 90 extra technical staff had also been drawn from across the Tema Regional Office’s operational areas to help in the deployment, as well as making use of the Company’s contractors.

She said in security-wise, officers from the Ghana Police were also on the field with the technical men to provide the needed protection “as has been the case since the inception of installation.”The PRO disclosed that any customer who refused installation of the prepaid meters’ would have their postpaid meters disconnected, stressing that “should a customer reconnect, they will be charged with illegal connection, and should a customer decide to have a meter after a disconnection, he or she may have to apply for the service.”She reminded customers in the Krobo District that as agreed with all stakeholders, the prepaid meters being deployed to the district were new and would, therefore, not have any debt of customers on it.

Madam Mensah said that their debt from 2014 to 2017 had been ring-fenced or set aside, while that of 2018 to 2021 was to be paid over a five-year period, adding that “Customers are expected to pay all 2022 bills, going forward.”She, therefore, encouraged all customers in the district to visit the ECG office to discuss terms of payment on an individual customer basis.The prepaid meters are being installed for free, and therefore, cautioned customers against imposters who might want to defraud them, adding, however, that customers who want additional meters should apply for the service at the ECG office.

The Ghana armed forces has come out to explain the viral video of soldiers involved in an accident

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The Ghana Armed Forces has explained that a viral video of a number of soldiers involved in an accident, occurred on Thursday at a spot along the Suhum – Anum Apapam road in the Eastern region.

According to GAF, 16 military personnel sustained various degrees of injuries in the accident while on an operation (Operation Halt II), to stop illegal mining on some river bodies in parts of the Eastern Region.

The injured were initially treated at the Anum Apapam clinic before being evacuated to the 37 Military Hospital for further treatment.

It is said the driver may have lost control whereby bumping into a huge pot hole which has led in the injury of many soldier.It is said they were on their way to stop illegal minning in the eastern region of ghana destroying our water bodies.

The accident occured on the suhum-Anum Apampa road

Ghana police opens fire on student of islamic Senior high school in the Ashanti region of Ghana

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  About 30 students of the Islamic Senior High School in the Ashanti Region of Ghana were rushed to the hospital on Monday June 13, after police allegedly opened tear gas on them while they were demonstrating over frequent road accidents in front of their school.

According to local media reports, the students had blocked the road in front of their school in the course of their protest over frequent knockdowns.

In their protests, the students cried that frequent calls for speed ramps have fallen on deaf ears

Some of the students were said to have gone unconscious and others were left with severe pain. It is however not clear if that is a result of the alleged firing of tear  that the police have denied firing live bullets. According to the police, they only fired warning shots to disperse the crowd.

Worried parents stormed the school to demand the release of their wards as news of the incident went viral.

“I heard there is a scuffle in the school and the police attacked the students, shooting and beating them. I heard the police chased them even into their dormitories and were beating the girls. I feel very bad seeing school children on the floor unconscious. Everybody is messed up here,” a parent said.

The Ghana COCOBOD launches insurance scheme for cocoa farmers in Ghana

The Ghana Cocoa Board (COCOBOD) has launched their first cocoa farmers insurance scheme in the country for a cooperative cocoa farmers society of over 200 members at Akyem Asene, near Oda, in the Eastern Region of Ghana. The scheme was launched in conjunction with the Ghana Agricultural Insurance Pool and PULA, a global insurance company.

The Deputy Manager of COCOBOD in-charge of the Cocoa Disease and Pest Control Unit, Dr Isaac Boakye-Danquah, said when the programme succeeds, it would be extended to all the cocoa growing communities in the country to bring financial relief for cocoa farmersHe stated that agricultural insurance had been a difficult area for insurers due to the high risk in the sector where success partly depended on nature issues of pests and diseases, coupled with matters of climate change.Dr Boakye-Danquah commended the Ghana Agricultural Insurance Pool for spearheading insurance in the agricultural sector to indemnify farmers against potential losses.

He said the Cocoa Health and Extension Division (CHED) welcomed the initiative of PULA to support COCOBOD in its quest to provide climate-resilient support to cocoa farmers in the country.“As we launch the cocoa insurance pilot scheme, we encourage cocoa farmers to embrace the idea and collaborate effectively to achieve success,” Dr Boakye-Danquah said, adding that “both PULA – the insurer – and the insured cocoa farmers are expected to work closely on the basis of transparency for sustainability of the programme”.

The Commercial Manager for West Africa Anglophone of PULA, Chukwuma Kalu, said his outfit—which started the agricultural insurance scheme in Kenya in 2015—was now operational in eight countries in Africa, including Nigeria, Zambia, Zimbabwe, Tanzania, Mozambique and Cote d’Ivoire.He added that the scheme had also been extended to Turkey in Europe, Nepal and Pakistan in Asia and Latin American countries such as Brazil and Mexico.

Mr Kalu explained that the cocoa insurance scheme was a protection to cocoa formers against losses caused by floods, drought, hail, pests and diseases, excessive rainfall, excess temperature, among others.“Agricultural insurance will provide the enabling platform for farmers to insure their crops against yield losses,” he stated.

Apollo claims European first for autonomous vehicle insurance

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Apollo Group has provided a first of its kind insurance solution for Europe’s first zero-occupancy on-road autonomous vehicle journey, completed by autonomous vehicle software company, Oxbotica.

This marks not only a European first for Oxford and Toronto based Oxbotica, but also a first of its kind UK insurance solution created specifically for and tailored to the new and evolving risks associated with Level 4 autonomy on open roads.

The insurance programme was created by Apollo ibott through its managing general agent (MGA), in partnership in the UK with insurer Aioi Nissay Dowa Europe, and arranged by re/insurance broker, Marsh.

The programme is a landmark placement and significant milestone in the journey to create an insurance market for autonomous technology that will enable and bolster the development and deployment of this transformative technology.

At the same time, the all-electric AppliedEV vehicle is operating in Oxford with no on-board driver, marking the next step in commercialising AV technology.

In addition, Oxbotica will also now accelerate commercial deployment of autonomous vehicles globally.

By working with partners, including ZF, bp and NEVS, the technology will enable autonomous passenger shuttles and industry-specific platforms across multiple domains.

Rebecca Marsden, underwriter at Apollo ibott, said: “The world is on the cusp of a once in a lifetime world-changing technology revolution, and Apollo through its ibott business, in partnership in the UK with Aioi Nissay Dowa Europe as insurer, is thrilled to have taken the first step with Oxbotica in ensuring universal autonomy reaches its full potential, enabled by innovative, comprehensive and flexible insurance solutions.”

Sam Tiltman, sharing economy and mobility leader, UK & Ireland, Marsh, added: “Insurance is fundamental to the advancement of Oxbotica’s trials; this latest exciting development signals growing market confidence in how AVs will revolutionise UK transport infrastructure.”

Moreover, founded in 2014 by Paul Newman, Oxbotica’s full stack, end-to-end universal autonomy software, the Oxbotica Driver, is both vehicle and platform-agnostic, with no dependence on external infrastructure such as GPS.

The Oxbotica Driver also uses a combination of radar vision and laser-based sensors to provide the vehicle with a strong understanding of its surroundings, with multiple AI continuously checking, and explaining decisions.

This process is a foundational requirement for the safe deployment of zero-occupancy autonomous vehicles and underpins the development of innovative insurance solutions for the future of transportation.

Meanwhile, in November 2021, it was announced that reinsurance giant, Swiss Re and Chinese tech giant, Baidu had partnered to advance insurance and risk management for autonomous driving and autonomous vehicles.

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