GHANAIAN TIMES

In its main front page story the Times reports that the Brong Ahafo Regional Directorate of Education has set up a three-member committee to probe allegations of bribery levelled against some Teacher Training Colleges in the region by some prospective students. Among other things, the committee is to investigate the alleged bribery charge in connection with admissions into the St. Joseph's Bechem, Berekum and Atebubu Training Colleges. It is also also to investigate any other related matters which in its opinion, will help to expose those involved. The committee is under the chairmanship of Mr S.C. Gyamfi, Sunyani District Director of Education, with Mrs Akua Debra, Regional Manager, Presbyterian Education Unit and Mr Paul Anokye, a businessman and a parent, as members. GRI

In another front page story the Times reports that President Jerry John Rawlings said yesterday thar there is room for the traditional process of arbitration to contribute to the country's democratic process and the delivery of social justice. The President said this would reduce the volume of court cases and ensure democratic rights and obligations of all citizens. The Times says President Rawling stated this when he opened the fifth African Regional Ombudsman Conference in Accra. GRI

"Ghana, low risk area for investment", is the headline of a back page story in the Times which says Ghana is considered as a free and low risk area for foreign investment with no restrictions on capital repatriation, the paper quoting a World Bank source in Hong Kong on Monday. The Times says Mr Cesare Calari, Manager of the International Finance Corporation (IFC), quoting from the World Bank's 1997 World Development Indicators, said Ghana's attraction of portfolio investments was influenced by the country's transparent "entry and exit regulations". Mr Calari said by 1995, Ghana had removed all barriers to investments, especially on the capital market which had been the vehicle for portfolio investments flows, into the country. GRI