Tang Palace Hotel wins hotel of the year

Accra, Tang Palace Hotel was adjudged hotel of the year for 2017 at the 3rd annual Ghana Hotels Association in Accra at the weekend.

Kempinski Hotel won the five star Hotel of the Year, Best Western Plus Atlantic Hotel in the Western Region won the Four Star Hotel of the Year, Golden Bean Hotel in the Ashanti Region emerged the three Star Hotel of the Year, while Sunlodge Hotel won the two Star Hotel of the Year and Nim Avenue Hotel in the Northern Region won the one Star Hotel of the Year.

In the two and three star hotel categories, Coconut Grove Hotel won the housekeeping team of the year, African Regeant Hotel won the Food and Beverage team of the year and Alisa Hotel won the Food and Banqueting of the year.

Mr Herbert Acquaye, the National President of the Ghana Hotels Association, said the event was to honour hard working hotels and hoteliers for their best performance in the industry.

He said the industry has contributed immensely to the growth of the economy through employment, taxes, fees and levies and expected government to support the industry through the reduction of taxes.

Mr Acquaye said this year’s award categories was reduced from thirty five to twenty three to enhance the competitiveness of the event.

Mr Acquaye commended government for embarking on promotional campaign which has yielded good Results in a form of arrivals.

He was confident that in the coming years, hotels in the country would employ the use of technology to bring innovation in the industry within every facet of their operations.

Mr Sajid Ali Khan, the General Manager of Tang Palace Hotel, commended organisers of the event for the honour them and pledged to continue to work hard to sustain the position and offer quality service to its customers.

The Association was founded in 1975 with the vision to see a vibrant hospitality sector whereby all hotels in the country will have qualified personnel to merit international standards and offer quality service delivery.

Source: Ghana News Agency

Ghanaian male clubs stunned in ACCC opener

Accra, Ghana’s male clubs in the ongoing African Cup of Club Championship (ACCC), Ghana Revenue Authority (GRA) and Trustees of SSNIT were beaten at the Theodosia Okoh hockey pitch on Saturday.

The race to win the ACCC tournament got under way in earnest style in the male’s category for the 8-day tournament starting from 20th to 28th January, 2018.

It was disappointment for both GRA and Trustees as they lost to El Shakia Club of Egypt and Niger Flickers by 5:2 and 4:3 respectively.

A sensational performance from Linus Kelvin saw him score a hat-trick for Niger Flickers and another from Endurance Ngozi to dash the hopes of Trustees in seeking a good start to the championship, as goals from captain Salya Nsabini, Samuel Akpene and Johnny Botsio weren’t enough for the Ghanaians, who finished the game with a one man advantage over Niger Flickers as John Michael, was shown a straight red card for a reckless challenge.

In the final game for the day in the male’s category, El Shakia from Egypt showed supremacy over GRA in a seven goals thriller as they thrashed the Ghanaian club aside, with some brilliant passes and run on the flanks.

El Shakia, who are the competition’s record title holders got off to a flying start with an Ahmed Moamad’s 14th minute goal, setting the pace for more goals to come as Michael Akuamoah equalized for GRA in the 26th minute.

Gobran Hosarn restored the lead for El Shakia in the 29th minute and Ahmed Moahmed added the 3rd in the 38th minute, in a game that saw the Egyptians play long balls to save energy for their subsequent games.

A Daniel Luke’s penalty corner goal in the 41st minute reduced the deficit for GRA, with Ibrahim Mohammed Sameer’s 50th minute goal and Gobran’s second goal for the day in the 53rd minute required by the champions to finish the game by 5:2.

Earlier on, the defending champions Eastern Company club of Egypt beat the Nigerian Police Machine by 3:1, with a brace from Aboutaleb Mahmoud and another from Rashawn Mohammed with a consolation from Michael Agbaebgu.

Source: Ghana News Agency

BANK OF GHANA TO ENFORCE INTERNATIONAL FINANCIAL REPORTING STANDARDS THIS YEAR

ACCRA, The Bank of Ghana (BoG) has stressed that it will enforce the implementation of the International Financial Reporting Standards (IFRS 9) among banks in the country, this year.

The IFRS is a tool which requires all financial institutions to comply with a common financial reporting standard which will among others reduce their exposures to Non-Performing Loans (NPLs).

The move also comes at a time that the Bank of Ghana has reviewed upwards, the minimum capital for commercial banks in the country from a previous one hundred and twenty million Ghana cedis to four hundred million Ghana cedis.

The Research Advisor to the Governor of the Bank of Ghana, Grace Akrofi, who made this known said the BoG would take the needed steps to ensure the implementation of the policy this year.

The Bank of Ghana will also ensure that banks comply with the International Financial Reporting Standards (IFRS). This is to guarantee uniformity in the presentation of financial accounts. Consequently, the Bank would take the necessary steps for implementation of the newly issued accounting standard on financial instruments (IFRS 9) in 2018.

She further explained that such a move would help the banks avoid huge losses.

By so doing banks will take advantage of the expected credit loss model which better reflects the fact that credit risk builds in a bank’s portfolio and credit quality deterioration occurs far earlier than when loss events are evidenced.

Source: NAM NEWS NETWORK

Police officer die and seven suspects escape from Kwabenya Police cells

Accra, The Accra Regional Police Command is on a manhunt for seven suspects who escaped from the Kwabenya Police cells at dawn today after shooting an officer on duty.

The suspects escaped together with some armed men who facilitated their passage.

The suspects are: Dickson Ofori, 24; Edem Rockson, 32; Prince Osei, 27; Emmanuel Kotey, 21; Kofi Darko, 21; and Attah Kwadwo, 20, all Ghanaians and Chibuzor Akwabu, 34, a Nigerian.

This was disclosed in statement signed by Assistant Superintendent of Police Effia Tenge, Head, Public Affairs Unit, and copied to the Ghana News Agency on Sunday.

It said one Police officer sustained gunshot wounds in the process but unfortunately passed on whilst receiving treatment at the 37 Military Hospital.

The statement said the Police has commenced investigations into the matter and pursuing the suspects with all the urgency it deserves.

Source: Ghana News Agency

Assin North and South roads receive facelift

Assin-Fosu (C/R), Several roads in the Assin North and South Districts of the Central Region have received a facelift to significantly ease traffic flow.

A tour by the Ghana News Agency on some roads showed that many deplorable roads have been repaired, showing signs of relief for residents and road users.

In Assin Fosu, Mr Nicholas Fiifi Baako, the Municipal Chief Executive (MCE) in an interview with the Ghana News Agency, said the Assembly was determined to go all out to ensure that the roads, particularly feeder roads in the area were in good condition.

He said road works have began from the Assin Fosu Station – Total Two, Barrier to Pomaa Kukuase, Railway Bridge, Dompim Junction – ADB among a host others to ease traffic flow.

In addition to this, the Assembly was also working hard to supply significant quantities of Street bulbs to light-up the city to ward off all criminal activities that fester in darkness.

This, he said, would be supplied to all electoral areas in the Municipality as part of the renewed strategic plan to redevelop the area to attract tourists and investors to create employment.

In the Assin South District, the GNA observed that multiples of rings of craters of potholes from Nyankomasi Ahinkro to Assin Atonsu had been filled with bitumen.

Apart from that major feeder roads, Assin Adubiase Kwafulkrom-Homaho, Nsuakyir- Homaho, Yaw Boama Kwame Annan roads had all been repaired for easy commuting.

Mr Derrick Owusu Ambrose, the Assin South District Chief Executive (DCE), in a separate interview at Homaho, said the Assembly was committed to bridging the gap between rural communities and urban areas to increase productivity.

He described the rural areas as the food basket of the district and assured the people of increased social support to improve their living conditions.

In this respect, he said, all assembly members had been asked to engage their people and submit their teething needs to enable the Assembly address them adequately.

Source: Ghana News Agency