Bill Gates takes over the first position of the World Richest beat Jeff Bezos

Jeff Bezos, the owner of online retail giant Amazon.com, briefly held the top spot as the world’s richest person earlier on Thursday when his personal wealth surpassed $91 billion.

Bezos briefly beat out Bill Gates, the 61-year-old co-founder of Microsoft Corp, who has held the top spot since May 2013, with $90 billion.

But Bezos quickly slipped to second best when Amazon reported its second quarter earnings showing a profit of $197 million on strong sales of $38 billion.

The dip in profit is a 77 per cent drop from $857 million this time last year, and it’s mainly due to Amazon’s aggressive investments in its own business.

Around 9.30am on Thursday, shares of Amazon.com jumped 1.8 per cent to $1,071.31 in New York, pushing Bezos’ personal wealth to over $91 billion.

Bloomberg noted that if shares of Amazon.com maintained to the end of

GH¢157m have been spent on Planting for Food and Jobs - Dr Owusu Afriyie Akoto

The Minister for Food and Agriculture, Dr Owusu Afriyie Akoto on Thursday told parliament that the government has so far spent       GH¢157,023,174.00 on its ‘Planting for Food and Jobs’ programme in the southern sector and the three northern regions.

He said out of the amount, GH¢24,963,981.00 has been spent on improved seeds, especially for the production of maize, rice, soyabean, sorghum, tomato, onion and pepper, while GH¢132,059,193.00 has been spent on fertilizer and haulage or distribution of fertilizer to the farmers.

He said so far, 188,338 farmers and potential farmers have been registered under the scheme, out of the targeted 750,000 opportunities to be provided for the prospective farmers, particularly the youth. He disclosed that this year the ministry’s target is to register 200.000 farmers.

Dr Owusu Afriyie Akoto, who was responding to a question filed by the National Democratic Congress (NDC) Member of Parliament (MP) for Asunafo South, Eric Opoku, on the status of the programme and expenditure so far made, said that the government plans to inject about

Be careful of demons that hover around public policy lapses - Dr. Kwesi Botchwey tells NPP

Former Minister of Finance and Economic Planning, Dr. Kwesi Botchwey, has advised current managers of the Ghanaian economy to be careful of demons that hover around public policy lapses and destroy fiscal consolidation.

According to him, these demons have for decades worked as hard as the builders. Lack of focus on economic growth, he says, gives the demons room to operate.

He was speaking to a packed audience in Accra at the launch of a 320-page book entitled, Africa in Search of Prosperity – Ishmael Yamson’s Essays on Development Economics, Business, Finance and Economic Growth. It was launched by Vice President Dr. Mahamudu Bawumia.

The book was edited by Ivor Agyeman-Duah – a visiting associate professor and director of the Wole Soyinka Foundation at the University of Johannesburg and Pof. Bill Buenar Puplampu, Vice Chancellor of Central University in Accra. It has two forewords from Lynda Baroness Chalker of Wallasey and former Minister for Africa, British and the Commonwealth Office

We must condemn the police raiding John Jinapor's home - Muntaka Mubarak

Minority Chief Whip, Muntaka Mubarak has condemned the raiding of the home of former Minister of Power, John Jinapor by some security operatives.

“To just run into their homes with guns…. Some of them have young ones… What kind of impression are you creating? I do not think that is right,” Mr. Muntaka said on Eyewitness News.

Two of the police men effecting the raid were reported to have been armed with AK 47 assault rifles. They were in search of documents related to the controversial AMERI contract.

Mr. Jinapor, the MP for Yapei Kusawgu, was on his way to Parliament when he was detained and held for about two hours.

Member of Parliament for Kpandai, Matthew Nyindam sided with Mr. Muntaka’s position , saying Members of Parliament should be accorded some respect.

“If you look at the 1992 constitution, it gives Members of Parliament some privileges and immunities. Not that we are too special and for that matter we are better than any other Ghanaian but ..no Member of Parliament can commit a crime and run. If someone does something wrong and the law has to

Police raid my home for documents pertaining to the 2015 AMERI deal - John Jinapor

A former deputy Power Minister and Member of Parliament for the MP for Yapei Kusawgu, John Jinapor’s says his two children were left traumatized by the Friday morning police raid on his home for documents pertaining to the 2015 AMERI deal.

His Tema home was stormed by five police, two of them armed and three others in plain clothes, and the MP felt the security personnel “didn’t need to go to that extent… I don’t think it is proper to besiege my house.”

Speaking after the incident, Mr. Jinapor narrated to Citi News that when he was about to leave home for Parliament, “five policemen, two of

President Akufo-Addo exchanging pleasantries with some military officers in Accra

President Akufo-Addo exchanging pleasantries with some military officers at the ceremony in Accra

President Nana Addo Dankwa Akufo-Addo yesterday witnessed the ceremonial change of the guard at the presidency – Flagstaff House.

The quarterly ceremonial parade is a colonial legacy inherited from the British and similar to that of the Buckingham Palace, the seat of the British Empire (United Kingdom).

Instituted on May 5, 2013, the change of guard is conducted with 20 each of

Parliament pass the Establishment Of Electricity Market Oversight Body

Ghana’s electricity sub-sector will soon have an oversight body regulating its activities, as envisaged in a Legislative Instrument passed by Parliament in 2008.

Officials of the Energy Ministry say the Electricity Market Oversight Panel (EMOP)
would among others, seek to monitor the general performance of electricity transmission, ensure smooth and efficient operation of the wholesale electricity market, monitor pre-dispatch schedules and ensure long-term optimisation of