Sat, Sep
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Faure Gnassingbè is new ECOWAS chair

President of Togo, Faure Gnassingbè is the new chair of the Economic Community of West African States (ECOWAS).

He takes over from Liberian President Ellen Johnson Sirleaf.

The Chamber of Petroleum Consumers (COPEC), has vowed to resist the proposed policy for a mandatory towing fee to be paid by vehicle owners.

Effective July 1 this year, vehicle owners will be required to pay a mandatory road safety fee each time they go to the Driver and Vehicle Licensing Authority (DVLA) to renew their road worthy certificate.

This is meant to help promote safety by way of providing a reliable towing service such that when vehicles break down, the National Road Safety Commission (NRSC) can ensure they are swiftly towed to help prevent crashes into stationary vehicles as well as help proven oil from leaking onto roads to destroy them.

Vice-President Dr Mahamudu Bawumia

Vice-President Dr Mahamudu Bawumia has expressed the government’s commitment to develop the country’s inner cities and Zongo communities to help improve on the lives of the people.

In line with that, he said a team of infrastructural development experts would soon be despatched to the various Zongo enclaves in the country to assess the actual structural needs of the people for the necessary attention.

The government in its budget this year earmarked GH¢219 million for the development of Zongo communities in the country.

Government secured GHS739.39 million in bids from investors in Thursday's 3-year bond auction but accepted GHS705 million.​ Government is expected to pay an interest of 18.50 percent on the bond.

It however not clear for now, how many foreign and local investors participated in the auction and how government intends to use proceeds of the bond.