News
Govt releases GH₵700m to customers of collapsed fund management companies

The Minister for Finance, Dr. Mohammed Amin Adam, has announced the release of GH₵700 million to customers whose funds have been locked up in various fund management companies.
This amount represents the first tranche of a GH₵1.5 billion allocation, as outlined in the 2024 mid-year budget review, which is aimed at providing relief to individuals affected by the collapse of these fund management companies.
Speaking during a monthly economic update at the Finance Ministry on August 29, Dr. Amin Adam confirmed that the payments will be made in three tranches.
According to him,“We had indicated in the 2024 mid-year review of fiscal policy that the government has approved the disbursement of an additional GH₵1.5 billion to provide relief and bailout to people whose funds have been locked up in fund management companies.”
The Minister further explained that the first tranche of GH₵700 million has been processed and released to the Securities and Exchange Commission for further distribution to affected customers.
The remaining 800 million Ghana cedis will be released in two subsequent tranches.
Dr. Amin Adam emphasised that the release of funds is intended to mitigate the stress on affected individuals and provide much-needed relief.
He said, “I’m glad to inform you that the Ministry of Finance has processed the release for the first tranche of 700million Ghana cedis of the additional GH₵1.5 billion for the Security and Exchange Commission to further bail out the remaining customers whose funds were locked up including Black Shield Funds Management customers.”
“Yesterday, I instructed the Controller and Accountant General to release the funds to mitigate the stress on affected persons. The 1.5 billion cedis will be released in three tranches,” he concluded.
Source: Citinewsroom.com
News
Intake of ‘Gobe’ can prevent heart diseases —Nutritionists

Nutritionists have advised Ghanaians to eat more beans-based meals, including the popular local dish, gari and beans, also known as ‘Gobe’ to prevent heart diseases. They said incidences of obesity and cancer could be minimised with the regular intake of beans meals.
At a programme in Accra to mark the World Pulses ( Beans) Day on Monday, Mr Wise Chukudi Letsa, Nutritionist and Dietician, who spoke on the topic: ‘Beans: The Super Food for Healthy Living and Healthy Farmlands,’ admonished Ghanaians to include beans in their diets.
Mr Letsa said beans was rich in protein, fibre, vitamins, minerals, irons and other nutrients and contained just a little fat. Mr Letsa, a Nutritionist with Lets Consult, stated that the presence of those nutrients in beans explained why its intake could prevent heart diseases and other ailments, hence the need to consume it regularly.
The event, dubbed: ‘Meatless Monday’ was organised by the Communications Initiative for Change (CIC), a Ghanaian non-profit organisation.
The ‘Meatless Monday’ is an initiative aimed at encouraging Ghanaians to reduce their intake of meat by taking in more beans-based meals on every Monday of a week.
It was launched after the United Nations in 2019, set aside February 10 to celebrate and encourage the consumption of pulses (beans) worldwide. This year’s celebration was hinged on the theme: ‘Bringing Diversity to Agrifood Systems.’
Mr Peter Agbovi, National Secretary, Chefs Association of Ghana, said a variety of meals could be prepared with beans, which include Waakye (rice and beans), Kose (beans paste made into cakes), Ayikple, Aboboi, Tuo Zaafi, Akyeke, and kakro.
He encouraged Ghanaians to consume more of those foods to stay healthy.
Mr Emmanuel Fiagbey, the Executive Director, CIC, indicated that even if people could not eat beans-based meals regularly, efforts should be made to consume them every Monday.
He said that was the essence of the introduction of the ‘Meatless Monday’ initiative. -GNA
News
Restore beauty of Kwame Nkrumah Circle area / State of Kwame Nkrumah Circle an eyesore!

Small size quarry stones fixed at open spaces under the Kwame Nkrumah Circle Interchange was to leave the place open and free from activities of beggars and other activities of the homeless.
By the way the stones were fixed, it makes the area, particularly the VIP and Neoplan Station stretch of the Interchange, inhabitable by the destitute.
But a walk through the area currently suggest the opposite.
At the median where pavement blocks have been taken over by these homeless and destitute, the area has been turned into a hotel where a number of these unfortunate ones have comfortably laid their mattresses and other stuff to rest from the day’s activities.
They have crossed over to the SSNIT and Kaneshie Station area with their activities and have removed the quarry stones which were to ward them off the place to enable them find spaces to sleep comfortably.


The pavement blocks removed from different locations under the interchange now serves as foundations on which beds were laid and in some cases, mosquito nets erected.
Their continued presence is not only creating a nuisance for commuters but marring the beauty and serenity of the place.
Sadly, the activities of these deprived fellows have been ignored while the numbers keep increasing day by day.
The Spectator finds the development very worrying and calls on the responsible authorities to clear the area to restore the beauty and serenity of the area.
By Victor A. Buxton