This article brings you a summary of some of the top newspaper headlines in Ghana for Tuesday, May 17, 2016. Follow YEN.com.gh for details of the stories throughout the day.
MOBILE MONEY TRANSACTIONS HIT GHC35.4BN
The B&FT leads with news that penetration of mobile money in the country has risen for the fourth year running with last year's value of transaction reaching GHC35.4billion, an increment of more than 216 percent over the previous year.
The Bank of Ghana is seriously considering the option of offering banks an opportunity to buy the deposit liabilities of the troubled DKM Diamond Microfinance Company in a debt-buy-back scheme as the central bank explores ways of raising money to compensate investors who have lost funds to the rogue microfinance company.
It also reports that the International Monetary Fund (IMF) last week completed its third review mission to Ghana (B3negative), and concluded that the country as at the end of December 2015 had broadly met the performance criteria under its three-year Extended Credit Facility (ECF) programme.
CONSOLIDATE GOV'T CASH...WITH TREASURY SINGLE ACCOUNT TO AVOID LOSSES
The Finder leads with news that government institutions are depositing their money in universal banks as against the Bank of Ghana (BoG) because of the lure of financial gains offered by the banks.
It reports also that the governor of the Bank of Ghana (BoG), Dr Abdul-Nashiru Issahaku, has defended the bank's monetary policy stance, saying it would help curb inflation. "Our forecasts on inflation are working and there are early signs of progress," he said.
In a third story, the newspaper states that the HIV prevalence rate in the Upper West Region has increased from 0.8 percent in 2013 to 1.3 percent in 2014.
MASSIVE SHAKE-UP IN POLICE OVER BUKOM BANKU, JB
The Daily Guide frontpage has news that Inspector General of Police (IGP) John Kudalor has made his third transfer of officers less than a year since assuming office.
According to the paper, the IGP has sent high profile officers to relatively lesser command posts as punishment for some commanders.
It also reports that the flagbearer of the New Patriotic Party (NPP), Nana Addo Dankwa Akufo-Addo, has told Ghanaians that the party is in good shape and ready for this year's general election.
The paper also reported that the police have re-arrested the 21-year-old suspected armed robber, Kwaku Yeboah, who escaped from the Sunyani Regional Hospital last week.
ANGER LOOMS...SEA EROSION THREATENS AXIM
Today leads with news that old international road from Axim to the border town of Elubo in the Western Region is gradually being eaten up by the sea.
It also has a report on the shake-up in the hierarchy of the Ghana police service.
The paper also quotes the Ghana Water Company Limited (GWCL) as saying that its tap water is hygienic and safe for consumption, after reports that it contained toxins.