[13/12/17].
EVENING NEWS UPDATES BY EMMANUEL KWAKU AHIAKU, ON 1st In News.
⚫.. *Another student dies of meningitis at Bawku SecTech*
_A meningitis outbreak at the Bawku Secondary Technical School has led to the death a final year student there, Starrfmonline.com has gathered._
_Monitoring the development, Starr News’ Upper East regional correspondent Edward Adeti reported that nine other cases have been detected._
_He said seven cases out of the figure were recorded at the Bawku Secondary Technical while one was detected at Tempane Senior High School._
_They have been admitted at the Bawku Presbyterian hospital._
_The latest outbreak comes barely 24 hours after one person was reported dead from a suspected case of meningitis at Damongo Senior High School in the West Gonja district in the Northern region._
_Nine other persons according to reports were also on admission at the Damango District Hospital.,_
_This comes after four students of the Kumasi Academy in the Ashanti region died of an outbreak of H1N1 popularly known as Swine Flu._
_On Saturday a student of the Koforidua Secondary Technical School (SECTECH) also died of suspected Meningitis at the Koforidua General Hospital.,_
_22 students of the Koforidua SECTECH are currently being monitored after they came in contact with the deceased student._
_On Monday Over 17 students of the St. Martins Secondary School also collapsed in what has been described as examination anxiety.
✅.. *13/12/17*
⚫.. *Access Bank receives shareholders approval to raise additional ¢450m*
_Shareholders of Access Bank Ghana, have approved a capital raising exercise worth ¢450 million at an Extraordinary General Meeting (EGM) held on Tuesday in Accra._
_The additional capital to be raised by the Bank will be implemented through the combination of a bond programme and rights issue, which are expected to deliver ¢150 million and ¢300million respectively.,_
_The issued bonds will subsequently be listed on the Ghana Fixed Income Market (GFIM) on the Ghana Stock Exchange.,_
_Access Bank’s EGM follows the recent announcement by its parent company, Access Bank Plc to inject additional capital into the Bank’s operations during the first half of 2018._
_This formed part of the Bank’s recapitalization exercise, which began with an Initial Public Offer in 2016, ahead of the Bank of Ghana directive to increase the minimum capital requirement for Banks in the industry._
_Addressing shareholders at the meeting, Board Chairman, Frank Beecham, highlighted that the meeting was important for shareholders to grant the Bank approval to enable it to increase its business opportunities.,_
_He mentioned that some of the pledges the Bank received during its IPO have not been fulfilled, hence the need to issue bonds on the GFIM to raise the needed capital and ensure that the growth aspirations of the Bank are well supported and funded._
_Commenting at the end of the EGM, the Managing Director, Dolapo Ogundimu noted that Access Bank was keen on securing additional investment so it could move to focus on its growth and expansion drive.,_
_“We have set for ourselves a bold and ambitious target in the next phase of our growth strategy which will be underpinned by initiatives that are digitally led, customer focused and analytics-driven, while consolidating our position in the retail market segment with robust platforms to serve millions across the country,” he said._
_Mr Ogundimu further indicated that the Bank was in a better position than ever before to achieve its aspirations of becoming the World’s Most Respected African Bank.
✅.. *13/12/17*
⚫.. *GCB nominates officers for one-district one factory agenda*
_GCB Bank Ltd has nominated 216 officers to work with the various districts of the country to help ensure entrepreneurs selected under the One District One Factory (1D1F) Initiative benefit from easy credit facilities from the Bank._
_The GCB representatives will work closely with the District Implementation Committees to extend credit businesses and entrepreneurs selected to establish factories in the districts._
_The GCB 1D1F Team is responsible for the generation of credit reports from qualified applications for onward for onward review and approval through the credit approval chain._
_Besides, the Bank has established a special purpose Unit to provide financial support to promotors, businesses and entrepreneurs under the One District One Factory (1D1F) policy of the state._
_The establishment of the Unit under the Bank’s Business and SME Banking Department follows GCB’s nomination by the Government as a key supporting Bank of the 1D1F_
_The Ministry of Trade and Industry and 1D1F Secretariat formed the District Implementation Committees (DICs) to be chaired by the M/DCE of the respective districts to facilitate the smooth implementation of the programme._
_GCB’s commitment and involvement in the 1D1F Initiative affirms its position as the leading supporter of indigenous and SME businesses in the country._
_GCB Bank in the middle of this year announced its commitment towards the 1D1F initiative and earmarked GH¢1billion for direct funding, the organization of workshops and has introduced an array of price concessions for 1D1F clients._
*CEDI EXCHANGE RATE*
Currency. Selling
_🇬🇧POUNDS. 6.02_
_🇺🇸US DOLLAR. 4.51_
_🇪🇺EURO. 5.32_
_🇨🇳YUAN. 0.68_
_🇿🇦RAND. 0.31_
_🇦🇹DOLLAR. 3. 51_
_🇨🇦DOLLAR. 3. 50_
_🇳🇬NIARA 0. 0125_
_🇿🇦RAND. 0. 33_
_🇯🇵YEN. 0. 039_
_🇨🇳YUAN. 0. 68_
*inflation rate for November 2017 is up by 0.1%*
Credit : Daily News Prime Network.
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