TIG Post

Author: Amanda Cartey

  • Chamber of Mines appoints Micheal Akafia as new president

    Chamber of Mines appoints Micheal Akafia as new president

    The Ghana Chamber of Mines has named Michael Akafia its newest president.

    Currently holding the position of vice president of external affairs at Gold Fields Ghana Limited, Akafia’s appointment comes with a rich reservoir of expertise and a demonstrable history in the mining sector.

    His proficiency spans legal, compliance, and mining business realms, alongside his strategic acumen and adept leadership, rendering him an outstanding selection to guide the Ghana Chamber of Mines in this crucial period.

    “We are confident that Michael Akafia will continue to advance the mission and vision of the Ghana Chamber of Mines,” said Sulemanu Koney, chief executive officer of the Ghana Chamber of Mines. “His dedication to sustainable mining practices and his commitment to the economic development of Ghana will be invaluable as he takes on this new role.”

    Akafia expressed his gratitude and enthusiasm for the opportunity to lead the Chamber

    . “I am honoured to accept this responsibility and to work with the esteemed members of the Executive Committee and Council to achieve the vision and mission of our Chamber. Together, we will continue to advocate for policies that support the growth of the mining sector and contribute to the prosperity of our nation,’ he said.

    Akafia succeeds Joshua Mortoti who has resigned from Gold Fields Ghana.

    Mortoti’s leadership has been instrumental in advancing the Chamber’s objectives. The Chamber extends its heartfelt appreciation to Mr. Mortoti for his service and wishes him success in his future endeavours.

  • Investment of $12m into delayed Pwalugu Dam Project must be probed – Deputy Sanitation Minister

    Investment of $12m into delayed Pwalugu Dam Project must be probed – Deputy Sanitation Minister

    Deputy Minister of Sanitation and Water Resources, Amidu Issahaku Chinnia, has urged for transparency concerning the finances designated for the Pwalugu Multipurpose Dam initiative in the Upper East Region.

    Expressing concern as the Member of Parliament for Sissala East, Chinnia noted the absence of substantial progress in the Talensi District, despite the project being allocated funds by the New Patriotic Party (NPP) administration.

    Chinnia emphasized the critical necessity for an inquiry into the approximately $12 million already allocated to the project.

    During an appearance on Metro TV on Tuesday, May 28, he underscored the importance of conducting a comprehensive investigation to unveil the details surrounding the expenditure.

    He emphasized that, in light of the project-related concerns that emerged approximately a month ago, the government should have promptly addressed them through the appropriate ministries or agencies.

    Mr. Chinnia reiterated the necessity of such a response to uphold transparency and accountability for the Ghanaian populace.

    I would also agree that so much money has been spent on the Pwalugu Dam, and we haven’t made any headway. I would also agree that there is the need for a thorough investigation to establish what has actually happened with these expenditures because we need to know because the possibilities are many, and I don’t want to throw a guess as to what might have happened with the money.”

    “So for now, we all have to be patient and entreat the government to get the contractors, and the consultants to explain why those monies were paid,”he stated.

    The Parliamentary Minority has pledged to pursue every avenue to ensure transparency regarding the funds designated for the proposed Pwalugu Multipurpose Dam project in the Upper East Region.

    John Jinapor, Ranking Member on the Mines and Energy Committee of Parliament, reaffirmed their commitment to holding individuals accountable for any misconduct related to this issue.

    “We will activate all the parliamentary processes to retrieve that amount of money, almost 200 million cedis, that has been dashed to this contractor. Somebody must be held accountable. $12 million can do a lot in this country.”

    “So we’ll use every legitimate means, every legal means to retrieve the money and punish those who have caused this financial crime and financial loss to the state,” he said.

    Initiated in 2019, the project was envisioned to incorporate a hydro-solar hybrid system, comprising 60 MW of hydropower and 50 MW of solar power, with a target completion date set for the latter half of 2024.

    President Akufo-Addo ceremonially inaugurated the commencement of the $993 million Pwalugu multipurpose dam project in the Talensi District back in November 2019.

    Recently, the Bank of Ghana (BoG) responded to queries concerning the $12 million disbursement to MS Power China International Group Limited for the project.

  • We monitoring our expenditure despite being in an election year – Minister of State

    We monitoring our expenditure despite being in an election year – Minister of State

    Minister of State at the Finance Ministry, Abena Osei-Asare, has provided reassurance to Ghanaians, affirming that the government maintains fiscal discipline despite the current election year.

    She emphasized the government’s commitment to generating essential revenue to stabilize the economy.

    Osei-Asare highlighted the effectiveness of certain governmental policies aimed at fortifying the economy, noting their positive impact thus far.

    “The fiscal consolidation is holding as we are monitoring our expenditures. It is true that we are in an election year, but the government will contain the expenditure as approved by the 2024 budget, and also, we will ensure we raise the needed revenue to balance the tide,” the Minister of State at the Finance Ministry said.

    The PC-PEG program, supported by the IMF, has demonstrated notable growth, showcasing resilience and strength, she noted.

    She observed a decline in inflation, a decrease in interest rates, and a reduction in public debt.

    Former Finance Minister Ken Ofori-Atta, during the 2024 budget presentation, outlined the government’s intention to spend GH¢226.7 billion in 2024.

    This amount represents 21.6 percent of Ghana’s Gross Domestic Product (GDP).

    Ken Ofori-Atta clarified that this projection reflects a 6.1 percentage point decrease in total expenditures (commitment basis) relative to the 2022 out-turn.

  • Africa committed to tripling fertilizer production, distribution for smallholder farmers

    Africa committed to tripling fertilizer production, distribution for smallholder farmers

    African Heads of State and Government unanimously backed the Nairobi Declaration, affirming the outcomes of the Africa Fertilizer and Soil Health Summit held in Nairobi, Kenya from May 7th to 9th, 2024.

    This signifies a monumental stride towards enhancing agricultural sustainability and the livelihoods of smallholder farmers.

    Recent years have witnessed a significant surge in local manufacturing of mineral fertilizers, with private sector investments exceeding $15 billion.

    However, despite Africa’s annual mineral fertilizer production reaching 30 million metric tons, a majority of it is exported outside the continent, leaving Member States excessively reliant on imported fertilizers, particularly non-phosphate-based ones.

    To counter this, Africa is committed to boosting investments in local fertilizer manufacturing and blending, leveraging the continent’s resources.

    Increasing fertilizer usage, encompassing both mineral and organic resources, is crucial for enhancing productivity and soil health restoration.

    To this end, Africa aims to enhance the efficiency and effectiveness of mineral and organic fertilizers and other complementary inputs to boost productivity, profitability, soil health, and climate change resilience.

    The Nairobi Declaration outlines thirteen pivotal points detailing commitments, including the tripling of domestic fertilizer production and distribution by 2034 to uplift smallholder farmers.

    Governments pledge to prioritize local fertilizer production, strengthen research on fertilizers, offer incentives, promote low-carbon fertilizer production, and double intra-Africa fertilizer trade by 2034.

    Moreover, African leaders commit to ensuring that by 2034, at least 70% of smallholder farmers receive tailored agronomic recommendations to optimize fertilizer usage.

    Financing commitments include operationalizing the Africa Fertilizer Financing Mechanism (AFFM) and widening its scope to support farmer investments, infrastructure, and logistics.

    To create an enabling environment, recommendations include developing continental guidelines, policy harmonization, private sector engagement, and capacity enhancement.

    Additionally, there is a commitment to strengthening extension services, reviewing education programs, and incorporating the Nairobi Declaration into National Agricultural Investment Plans.

    The African Union Commission and AUDA-NEPAD will support Member States in implementing mechanisms to reward smallholder farmers, develop a soil health monitoring system, and align soil health metrics with existing monitoring and evaluation systems.

  • We will not harass you with EOCO and burden you with endless tax audits – Mahama

    We will not harass you with EOCO and burden you with endless tax audits – Mahama

    Former President John Mahama asserts that if he emerges victorious in the presidential election on December 7, 2024, his subsequent administration will refrain from employing state institutions to intimidate businesses.

    Addressing attendees at the 8th Ghana CEO Summit in Accra on Monday, May 27, the ex-President additionally pledges to reduce government expenditure.

    “We will do this by pruning the huge government expenditures, preventing waste and corruption, and boosting revenues by expanding the tax net,” Mr Mahama noted. 

    “We will simplify the VAT and streamline its collection,” promised Mr Mahama. 

    Also, he said: “We will abolish the e-levy and some taxes that have become a burden on businesses and households.” 

    “We will not burden you with endless tax audits and harass you with EOCO.”

    The leader of the primary opposition party, the National Democratic Congress, stated that addressing the economy and restoring stability to the cedi would be among his top priorities within the first 100 days.

    “The number one priority will be stabilising the economy and restoring a stable currency by launching an urgent economic recovery and fiscal consolidation plan following a national economic dialogue to be held within one hundred days of assumption of office.”

  • Monetary Policy Committee maintains policy rate at 29 percent

    Monetary Policy Committee maintains policy rate at 29 percent

    The Bank of Ghana’s (BoG) Monetary Policy Committee has maintained the policy rate at 29%.

    During a media briefing, Dr. Ernest Addison, the BoG Governor, highlighted that the Committee’s choice aimed to maintain stable inflation.

    Dr. Addison clarified that recent exchange rate pressures and adjustments in transportation fares have slightly elevated the inflation forecast.

    He stated that projections indicate inflation will stay within the monetary policy consultation range of 13-17% by year-end.

    “These forecasts are contingent on sustaining the tight monetary policy stance, including aggressive liquidity management operations. Given these considerations, the committee decided to maintain the Monetary Policy Rate at 29.0 percent”, he said.

    Regarding general macroeconomic conditions, he revealed the committee’s belief that while the implementation of policies at the macro and structural reform levels remains consistent and aligns well with the principles of the International Monetary Fund (IMF)-supported program, there is a necessity to prevent the recent currency depreciation from influencing the pricing behavior of businesses and inflation expectations.

    He indicated that the robust reserve accumulation of approximately $2.0 billion since the inception of the IMF program, coupled with the substantial disinflation process, considerable advancements in fiscal policy consolidation, favorable current account balances, and notable progress in the external debt restructuring process, have collectively provided sufficient buffers to support the exchange rate.

    In terms of fiscal policy, he declared that expenditures surpassed revenue growth in the initial quarter, primarily due to the frontloading of Independent Power Producers arrears payments.

    He recommended that maintaining stringent fiscal discipline throughout the remainder of the year would be imperative to bolster confidence in the economy.

  • John Mahama vows to restore cedi within 100 days when he becomes president

    John Mahama vows to restore cedi within 100 days when he becomes president

    Presidential Candidate of the National Democratic Congress (NDC), John Dramani Mahama, has pledged to bolster the local currency’s stability within his first 100 days if re-elected in the 2024 general election.

    He emphasized that prioritizing the stabilization of the Cedi and the economy is crucial to establish a solid foundation for the country.

    Mahama elaborated that the forthcoming NDC administration will reduce government spending and enhance revenue generation by broadening the tax base.

    Furthermore, he announced plans to abolish the Electronic Transfer Levy (E-Levy) and certain taxes that impose a burden on businesses and households.

    Addressing attendees at the 8th CEOs Summit held in Accra on Monday, May 27, 2024, John Dramani Mahama articulated his vision.

    “The number one priority will be stabilizing the economy and restoring a stable currency by launching an urgent economic recovery and fiscal consolidation plan following a national economic dialogue to be held within one hundred days of assumption of office.”

    “We will do this by pruning the huge government expenditures, preventing waste and corruption, and boosting revenues by expanding the tax net. We will simplify VAT and streamline its collection. We will abolish the e-levy and some taxes that have become burdens on businesses and households. We will not burden you with endless tax audits and harass you with EOCO,” the NDC flagbearer said.

    “We will continue digitalizing our revenue collection and payment systems. By 2028, we aim to phase out cash as a form of payment for all government services. We will also entrench the use of POS devices in transactions to make tax and levy collection more transparent. Our economy has long relied on a few key sectors, such as gold, cocoa, and, more recently, oil, which we call the Guggisberg economy,” he added.

    In recent decades, the Cedi has lost value in relation to major trading currencies, particularly the US dollar.

    The local currency is currently selling at GH¢15 to 1 USD and GH¢19.670 to a Pound Sterling.”

  • MFC asks EC to publish photos of returning officers

    MFC asks EC to publish photos of returning officers

    A spokesperson for the Movement for Change, Mr. Solomon Owusu, has urged the Electoral Commission (EC) to release the names and photographs of all Returning Officers for the forthcoming general elections scheduled for December 7, 2024, in the interest of transparency.

    Mr. Owusu emphasized that this step is essential for ensuring transparency throughout and after the elections.

    During an appearance on the Citizen’s Show hosted by KOJ on Accra 100.5 FM on Monday, May 27, 2024, Mr. Owusu cited the Ejisu by-election in the Ashanti Region as a significant example.

    He alleged that the EC’s Returning Officers influenced the outcome of the by-election, resulting in the defeat of Mr. Kwabena Owusu Aduomi to the New Patriotic Party’s candidate, Kwabena Boateng.

    Mr. Owusu argued that the Ejisu by-election served as a rehearsal for the governing party’s purported election rigging tactics.

    Highlighting the importance of transparency, Mr. Owusu urged the publication of the names and images of Returning Officers to deter potential election manipulation.

    He cautioned that the failure to do so could put the lives of EC officials at risk, making them vulnerable during the elections.

    In conclusion, Mr. Owusu’s plea for transparency aims to uphold the integrity of the upcoming elections and shield EC officials from harm.

  • MTN Ghana phasing out scratch cards by July 2024

    MTN Ghana phasing out scratch cards by July 2024

    Commencing June 30, 2024, MTN Ghana will gradually phase out the use of scratch cards introduced in 2020.

    As of July 1, 2024, customers will no longer have the option to utilize these cards for recharging their accounts.

    In a statement issued on May 23, 2024, Chief Sales and Distribution Officer Samuel Addo clarified that customers can still redeem the value of their scratch cards at any MTN Customer Experience Centre through credit transfer.

    This decision is in line with MTN’s commitment to spearhead digital solutions in Ghana and is aligned with the government’s objectives for digitalization.

    Mr. Addo emphasized that discontinuing scratch cards will contribute to environmental conservation, promote digital utilization, and enhance customer service efficiency.

  • Staff members of Somé SHS remanded for alleged theft of food items

    Staff members of Somé SHS remanded for alleged theft of food items

    Four staff members from Somé Senior High School in the Ketu South Municipality of the Volta Region have been placed in police custody by the Circuit Court at Tokor, facing allegations of stealing food items meant for students.

    The accused individuals, consisting of the Assistant Headmistress in charge of academics, the Bursar, the Matron, and the storekeeper, have all pleaded not guilty.

    Their court appearance follows their immediate suspension by the Ghana Education Service (GES). The suspended individuals include Richard Ametorxe (Bursar), Yorm Dzikumu (Matron), and Alex Obuadi (Storekeeper).

    The GES has further interdicted the Bursar, storekeeper, and Matron, and has initiated a committee to investigate the matter within a two-week timeframe.

    The incident leading to the arrests took place on the evening of Friday, May 24, 2024. During a search conducted by some alumni and the assembly member, a significant amount of food items such as tin tomatoes, mackerel, cleaning agents, and insecticide spray were discovered in the Matron’s possession as she and the Bursar were leaving the school.

    In response to the findings, the GES has promptly taken action, as confirmed by a spokesperson, stating that “the Bursar, the storekeeper, and the Matron have been suspended with immediate effect.”

  • Tullow Oil to invest $90m to combat deforestation, reduce carbon emissions in Ghana

    Tullow Oil to invest $90m to combat deforestation, reduce carbon emissions in Ghana

    Tullow Oil has revealed plans to invest around US$90 million over the next decade to support Ghana’s initiatives against deforestation and in reducing carbon emissions.

    This investment forms part of an Emissions Reduction Purchase Agreement (ERPA) signed with the Forestry Commission, underscoring Tullow’s commitment to sustainable development and its goal of achieving Net Zero emissions.

    With this announcement, Tullow’s total investment in Ghana reaches approximately US$130 million. The company has previously invested nearly US$40 million in the Jubilee and Tweneboa-Enyenra-Ntomme (TEN) floating production storage and offloading units to eliminate routine flaring.

    This initiative aims to cut Greenhouse Gas emissions by at least 40 percent by 2025, based on a 2020 baseline.

    The announcement was made by Julia Ross, Director for People and Sustainability at Tullow Oil PLC, during the ERPA signing ceremony with the Forestry Commission in Accra.

    Ross emphasized the company’s commitment to utilizing natural resources for sustainable economic growth.

    “At Tullow, we believe that a country’s natural resources must be used to empower people and promote sustainable economic development. As a responsible and progressive oil and gas company, we acknowledge our role in the energy transition and the race toward net zero.”

    Furthermore, she highlighted that the agreement demonstrates the company’s dedication to a well-structured, long-term, and innovative program capable of securing the necessary climate finance.

    She added that the project’s conservation and restoration efforts will not only benefit local communities but also aid Ghana in achieving its emissions reduction targets as part of the global fight against climate change.

    The US$90 million investment will support a REDD+ (Reducing Emissions from Deforestation and Forest Degradation) program developed in collaboration with the Forestry Commission. This initiative is expected to generate up to one million tonnes of carbon offset credits per year and benefit approximately one million people.

    The program will focus on preserving extensive forest areas across 14 administrative districts in the Bono and Bono East regions, which are heavily affected by deforestation due to economic activities such as cash crop clearance and overgrazing.

    The initiative will include forest conservation activities and livelihood enhancements for communities near the conservation areas, covering about two million hectares of land.

    At the ceremony, the Minister for Lands and Natural Resources, Samuel Abu Jinapor, noted that the Forestry Commission and Ministry of Lands and Natural Resources have implemented numerous interventions over the years to address the main drivers of deforestation and forest degradation.

    These efforts, he added, align with national priorities and international commitments.

     “The 2012 Forest and Wildlife Policy, the 2016 Forest Sector Development Master Plan among others, serve as guiding frameworks in this journey.”

    He highlighted that the ERPA signed with Tullow Oil represents a significant Voluntary Carbon Market transaction, notable for promoting direct collaboration between the government and the private sector. This approach eliminates intermediary bureaucracy, expediting the achievement of climate ambitions and the mobilization of climate finance.

    “It also represents the highest price per tonne of carbon for any direct sale of forest carbon transaction in Ghana and the region,” the minister stated.

    The British High Commissioner to Ghana, Harriet Thompson, acknowledged that “Ghana continues to show leadership in REDD+ and other forest management activities”.

    She explained that this commitment is evident through their involvement, alongside the UK and other partners, in the Forest and Climate Leaders Partnership (FCLP) carbon market discussions, as well as through the implementation of effective ERPA agreements similar to the one just signed with Tullow.

    She underscored that: “This project is also an important demonstration of private sector confidence in High Integrity Carbon Credits.

    “We are happy to see the private sector play its role, and particularly happy that British companies like Tullow are contributing to sustainable forest management and helping Ghana to achieve its Nationally Determined Contributions (NDCs).”

    She encouraged other businesses to follow this example in mitigating and offsetting carbon emissions to meet their sustainability commitments, as shareholders demand, while contributing to global climate action.

  • Contractors in financial difficulties due to unpaid GHS15bn debt owed by government

    Contractors in financial difficulties due to unpaid GHS15bn debt owed by government


    The Ghana Chamber of Construction Industry has lamented the plight of many of its members due to an unpaid debt of GH¢15 billion owed by the government, which has accumulated since 2014.

    According to the Chamber, this situation has resulted in the deaths of some members, others being bedridden, and several facing lawsuits from their financiers due to delays in repaying loans.

    During a press briefing on Friday, May 24, Finance Minister Dr. Mohammed Amin Adam stated that the government had spent approximately GH¢49 billion on payments to contractors.

    However, Emmanuel Cherry, CEO of the Construction Chamber, in an interview with the Ghana News Agency on Monday, May 27, denied any knowledge of such payments being received.

    He described the dire condition many contractors are facing due to the government’s failure to pay the GH¢15 billion debt accrued since 2019.

    “Every day, labourers and professionals, financial institutions, cement dealers, and fuel suppliers, are all calling and demanding for their money from one contractor, bringing untold thinking and health difficulties to us,” he said. 

    “Some contractors have died. There’s one contractor in good standing who is currently bedridden and cannot do anything; I spoke with the wife last week Friday, and even money to take care of him is a problem. A lot of them are also in court,” Mr Cherry added. 

    He clarified that the funds allocated to contractors are divided into different categories, which include covering interest payments on loans. This often leaves them with only around five percent or a maximum of ten percent of the total contract amount.

    “So, if the contractor works and the certificate that’s supposed to have been honoured within 91 days travels to 600 days or 1,000 days and over, the financial institutions that loan money to the contractor will convert their simple interest into compound interest, because there’s a default. 

    Therefore, at the end of the day, if a contractor is being paid, all those monies go to the financial institutions, without a drop left for the contractor… some contractors have now become blacklisted,” he said. 

    According to Mr. Cherry, the breakdown of the debt includes GH¢6 billion owed to contractors since 2017, accumulated from Road Fund projects, and GH¢5 billion from Government of Ghana contracts since 2019.

    Additionally, there is GH¢4.4 billion owed for Cocoa Board (COCOBOD) road projects accumulated since 2014, of which GH¢1 billion has been paid in the last month, and GH¢600 million for Ghana Education Trust Fund (GETFund) projects.

    Mr. Cherry also mentioned outstanding debts owed to contractors in the Energy sector and for the government’s recent Agenda 111 hospital projects.

    He emphasized that if the aforementioned GH¢49 billion had been paid, numerous suspended projects across the country would have resumed, and the pace of work would have increased. However, this is not the current situation.

    The Chamber’s CEO, however, said they were willing to jaw-jaw with the government for a solution regarding the payment of debts, adding, “Should things not go well, the government will see the other side of us [contractors].” 

    The Speaker said that the Chamber had already taken action in that direction and that a meeting with the Minister of Works and Housing was set for May 27. Later this week, a meeting with the Minister of Finance was anticipated.

  • Martin Amidu denies writing petition to remove Kissi Agyebeng

    Martin Amidu denies writing petition to remove Kissi Agyebeng

    Former Special Prosecutor Martin Amidu has rejected accusations leveled against him, alleging that the National Democratic Congress (NDC) and Accra-based Joy FM are orchestrating a public smear campaign against him.

    In a letter published on May 26, 2024, Amidu addressed claims, denying that he had filed a petition for the removal of the current Special Prosecutor, Kissi Agyebeng.

    He cited recent statements by NDC chairman Johnson Asiedu Nketiah as evidence of the opposition’s support for the smear campaign against him conducted through Joy FM.

    “The Martin Amidu I know, until this thing was done, I trusted that he was a very principled person. My faith in his being principled is badly shaken,” Amidu quoted Asiedu Nketiah as saying.

    The former Attorney-General said the NDC chairman’s comments were “based on hearsay evidence of a petition I am alleged to have submitted to the President on 30 April 2024 for the removal of the Special Prosecutor.”

    In response to a Joy FM report on May 17, 2024, Martin Amidu denied having petitioned the President for the removal of his successor and demanded to see the alleged petition, questioning both its authenticity and the motives behind the accusations.

    “I cannot understand why the NDC will collaborate with Kissi Agyebeng’s preferred rented media house and his chief executioner, Sampson Lardy Anyenini, to make allegations against me without publishing the alleged petition on which the allegations are based,” Amidu stated.

    Amidu expressed concerns about the purported involvement of the Chief Justice in the issue, questioning the authenticity of documents attributed to her.

    He pointed out discrepancies in the documents and called for clarification to uphold the integrity of the Judicial Service.

    “The alleged document was addressed to only Kissi Agyebeng, the Special Prosecutor, whose media house, Joy FM, broke the supposed news,” Amidu pointed out.

    Additionally, Amidu accused his successor, Kissi Agyebeng, of obstructing investigations and collaborating with specific individuals to sway public opinion.

    “Kissi Agyebeng has refused or failed to make available to Joy FM the facts and evidence on the National Lottery Authority/TekStart Africa Limited investigation in which he was the lawyer for one of the suspects,” Amidu claimed.

  • “You must be transparent with hotel sale” – Afenyo-Markin to SSNIT

    “You must be transparent with hotel sale” – Afenyo-Markin to SSNIT

    Parliament’s Majority Leader, Alexander Afenyo-Markin, has called upon the Social Security and National Insurance Trust (SSNIT) to disclose documentation concerning the transaction involving the sale of its shares in four hotels to Dr. Bryan Acheampong, the Minister of Agriculture.

    “Let me make this appeal to SSNIT, SSNIT must come out, make the documents available, and speak to it. I mean, they cannot be dodgy. This is not a political matter. I cannot come and speak to it politically, condemn it, or commend it,” he said.

    SSNIT is nearing completion of the sale of 60% of its shares in the Elmina Beach Resort, Ridge Royal Hotel, La Palm Royal Beach Resort, and Labadi Beach Hotel to Rock City Hotel, owned by Dr. Acheampong.

    Concerns have been raised by stakeholders regarding a potential conflict of interest in the transaction. North Tongu MP, Samuel Okudzeto Ablakwa, has submitted a petition to CHRAJ urging an investigation into the deal.

    In his petition to CHRAJ, Mr. Ablakwa seeks an inquiry into various allegations, including conflict of interest, abuse of power, procedural irregularities, violations of procurement protocols, favoritism, and corruption.

    Mr. Ablakwa’s petition points out what he perceives as breaches of constitutional provisions, citing Articles 78(3) and 98(2) of the 1992 Constitution.

    It noted that following this “further advertisements for an Expression of Interest (EOI) for a Strategic Partner for the SSNIT Hotels were placed in the Daily Graphic on 3rd February 2022 and in the Ghanaian Times on 7th February 2022. The advertisement was also published in The Economist Magazine on 26th February 2022.”

    SSNIT has refuted any allegations of wrongdoing in its choice to divest a 60% interest in its hotels to Rock City Hotel.

    In an official statement, the Trust clarified that the initiative commenced in November 2018 subsequent to its engagement of a Transaction Advisor to oversee the identification of a Strategic investor among other considerations.

    “SSNIT must come out, and even not only this decision, [it must] look at all their investments that are failing and explain them to the public.

    “I am sure that TUC and other labour unions will understand if these things are explained and they will take away Bryan Acheampong as a person and understand that, let’s not look at the form but at the substance.”

  • Sekondi traders gifted GHS420,000 from Egyapa Mercer in celebration of his 51st birthday

    Sekondi traders gifted GHS420,000 from Egyapa Mercer in celebration of his 51st birthday

    Sekondi Member of Parliament, Lawyer Andrew Egyapa Mercer, has generously donated to traders in his constituency to mark his 51st birthday,

    Mercer, who also serves as the Minister for Tourism, Arts, and Culture, distributed a total of 420,000 Ghana cedis, providing 1,000 cedis each to 420 traders in Sekondi.

    The donation is intended to support the businesses of traders who have long faced challenges due to insufficient capital.

    In an interview on Connect FM’s Omanbapa Morning Show, Mercer emphasized the non-partisan nature of the donation.

    “We did it without any political party affiliation; any trader who needed the support was given.

    “Many still need financial support for their businesses, and we shall continue to seek further assistance to ensure everyone is satisfied,” Mercer stated.

    As he distributed the grants, Sekondi Member of Parliament Andrew Egyapa Mercer encouraged the beneficiaries to utilize the funds wisely to optimize their profitability.

    Nana Krah, the leader of the Sekondi Market, played a pivotal role in coordinating the beneficiaries and conveyed their gratitude to Mercer. She highlighted Mercer’s awareness of the difficulties encountered by women in the constituency and commended his consistent assistance.

    The grants were channeled through the Egyapa Care Foundation, a non-profit organization established by the MP.

  • You should be imprisoned” – Carlos Ahenkorah blasted over ‘US$1 to GHS50’ comment

    You should be imprisoned” – Carlos Ahenkorah blasted over ‘US$1 to GHS50’ comment

    A Member of Parliament from the New Patriotic Party (NPP), Carlos Ahenkorah, sparked outrage on social media with his remarks about the cedi to dollar exchange rate.

    Although Ahenkorah’s comments were focused on economic issues, users on X brought up a 2021 incident where the Tema West MP disrupted the voting process for a new Speaker of Parliament.

    During a discussion on UTV on May 27, 2024, Ahenkorah stated, “With this dollar issue, I said that if not for the fact that NPP was in power, by now the dollar would have been GH¢50.00 against 1 dollar.

    “This is because of the policy put in place by this government for the demand for the dollar to be this way, especially Gold for Oil. We would wish it was lower, but with the depreciation of 14 percent, it is far better than that of the NDC government.”

    Responses to UTV’s post on X expressed frustration that, despite his televised electoral misconduct, Ahenkorah continues to speak on important national issues without facing prosecution.

    Some criticized the media for giving airtime to lawbreakers like the Tema West MP, while others questioned how and why individuals like Ahenkorah get elected in the first place.

    ALI SIDI (@BELLOSIDI) an X user reacted to the comment thus: “You’re free to talk this way because this wayward government failed to prosecute you when you broke COVID-19 protocols with impunity and snatched ballot papers, run, chewed and swallow them in the full glare of the public and on national television. So you think you have the license talk anyhow.”

    Kay Parker (@su_pre_mo) said: “What do you expect from a member of parliament who stole a ballot box and chewed the papers?”

    Virgin@25 (@Kobbystr_) also joined in: “These politicians are just evil.”

    As of May 27, 2024, the Bank of Ghana’s Interbank forex rates show the Ghana cedi trading against the dollar at a buying price of 13.9480 and a selling price of 13.9620.

    At a forex bureau in Accra, the dollar is bought at 14.80 and sold at 15.00.

    The cedi is trading against the Pound Sterling at a buying price of 17.7712 and a selling price of 17.7904.

    In Accra’s forex bureaus, the Pound Sterling is bought at 19.00 and sold at 19.70.

    The Euro is trading at a buying price of 15.1360 and a selling price of 15.1498.

    https://twitter.com/InterBoyTM/status/1795062491229085944
  • Many Americans without electricity due to terrible weather conditions

    Many Americans without electricity due to terrible weather conditions

    Tornadoes and severe thunderstorms have left nearly 300,000 people across seven states without power as of Monday night, reports MyJoyOnline.

    Massive storms over the weekend resulted in at least 23 fatalities and widespread destruction throughout the central United States.

    Forecasters indicate that the highest weather risk has now shifted eastward, affecting a large area from Alabama to New York.

    Expect more thunderstorms, damaging wind gusts, hail, and flash flooding.

    Heavy rain is forecasted to impact the East Coast into Tuesday morning, including areas of New York, Pennsylvania, New Jersey, and Maryland, according to the National Weather Service (NWS).

    This heavy rainfall poses a slight risk of severe thunderstorms forming in regions from the Northeast to the Southeast, added the agency.

    Additionally, severe thunderstorms might develop over Texas on Tuesday, with wind gusts potentially reaching 120 km/h or higher.

    Parts of the southern US will continue to experience scorching temperatures, with record or near-record highs expected.

    On Monday morning, over 120 million Americans were under severe weather warnings.

    Sunday marked the busiest day for severe weather in the US this year, with over 600 storm damage reports across 20 states. Tornadoes and strong winds reduced buildings to rubble, flipped vehicles, and brought down power lines.

    Meanwhile, lightning, thunder, and heavy rain forced the evacuation of around 125,000 spectators as Sunday’s Indianapolis 500 race was delayed by four hours.

    Fatalities from the storms were reported in multiple states: eight in Arkansas, seven in Texas, two in Oklahoma, and five in Kentucky. In Alabama, a 79-year-old woman was killed Monday morning when a tree fell on her house, local media reported.

    President Joe Biden spoke with the governors of the affected states and offered federal assistance.

    On Monday, Kentucky Governor Andy Beshear declared a state of emergency after severe storms hit much of the state.

    “Last night many families and communities were not safe,” he said. “We had devastating storms that hit almost the entire state.”

    In Colorado, a lightning strike killed a farmer and 34 of his cows.

    In Texas, Governor Greg Abbott announced that over a third of the state’s counties were under a disaster declaration due to severe weather sweeping through the region.

    All seven deaths in the state were reported in Valley View, Cooke County, near the Oklahoma border, after a tornado struck a rural area close to a mobile home park.

    Among the victims were two children, aged two and five, along with three members of the same family.

    Footage from the scene revealed a filling station and rest stop almost entirely destroyed, with twisted metal debris scattered over damaged vehicles.

    These recent tornadoes follow another devastating one that hit a rural town in Iowa earlier in May, resulting in four fatalities.

    Government forecasters have also predicted an “extraordinary” 2024 Atlantic hurricane season, set to begin next month.

  • “We demand the immediate removal of our executives” – Small Scale miners “cry out”

    “We demand the immediate removal of our executives” – Small Scale miners “cry out”

    Members of the Ghana National Association of Small Scale Miners have demanded the resignation of their executives.

    In a press statement, the members accused the executives of neglecting the welfare of small-scale miners since their election four years ago.

    The accusations include failure to provide accountability to association members, non-compliance with constitutional provisions in managing the association’s affairs, and exploiting the general membership for personal gain.

    The leaders were again accused of “allocating 30 out of 90 concessions designated for national distribution to certain executives, gross disregard for the general membership, exhibiting unprecedented levels of greed and ineffective leadership disintegrating the association.”

    The members believe that these actions have hindered the growth of the small-scale miners association.

    “How can you move forward if you are unable to meet to discuss plans or even review plans that have been discussed to shape your actions? We are therefore by this statement demanding the immediate removal of our executives to step aside for an interim team to take over to reorganise the association.”

    “With these leaders, our quest to have a sanitised and united front to deal with the challenges our association faces especially with illegal miners who do not belong to us, will be a fight in vain,” the statement read.

    The small-scale miners have urged the Minerals Commission to intervene and issued a two-week ultimatum.

    The members insist on having a leadership that is prepared to collaborate with all licensed miners.

    “We as a group should be leading the fight against illegal mining but if we do not have accountable leaders, this fight will be lost. We will take further steps if our call for emergency elections to remove our current executives is not adhered to in two weeks,” they added.

    Read the full statement below:

    FOR IMMEDIATE RELEASE

    PRESS STATEMENT ON THE REMOVAL OF GNASSM EXECUTIVES

    Good day, members of the media. This statement is coming from concerned members of the Ghana National Association of Small Scale Miners about how our association is being run by our executives.

    Leadership is bestowed on people to help in pushing the agenda and welfare of the members of a group.

    However, for us in the Ghana National Association of Small Scale Miners, our leaders seem to have a mind of their own since their election into office 4 years ago.

    As members, we have observed the following since the executives came into office;

    1. Lack of accountability.

    2. Failure to adhere to the constitutional provisions in the administration of the association’s affairs.

    3. Exploiting the rank and file for personal gain.

    4. Allocating 30 out of 90 concessions designated for national distribution to certain executives.

    5. Gross disregard for the general membership.

    6. Exhibiting unprecedented levels of greed.

    7. Ineffective leadership resulting in the disintegration of the association.

    As members, we feel these things we have observed above, are the cause of the stagnated growth of the association.

    How can you move forward if you are unable to meet to discuss plans or even review plans that have been discussed in order to shape your actions? 

    We are therefore by this statement demanding the immediate removal of our executives to step aside for an interim team to take over to reorganise the association.

    With these leaders, our quest to have a sanitized and united front to deal with the challenges our association faces especially with illegal miners who do not belong to us, will be a fight in vain.

    We call on the Minerals Commission to intervene as a matter of urgency to ensure we have a leadership that is ready to work with all licensed miners.

    We as a group should be leading the fight against illegal mining but if we do not have accountable leaders, this fight will be lost.

    We will take further steps if our call for emergency elections to remove our current executives is not adhered to in two weeks.

    For further information, please contact
    Philip K. A. Bawah: 0243310076

    – Daniel Kwaku Mensah: 0248732972

    – Yaw Amoafo: 0246453359

  • Desperate BoG orders Forex Bureaus to stop advertising FX rates outside their shops

    Desperate BoG orders Forex Bureaus to stop advertising FX rates outside their shops

    Governor Addison emphasized the Bank’s substantial foreign exchange reserves, advising against speculative purchases, which could lead to economic losses when corrections occur.

    At the 118th Monetary Policy Committee press conference on Monday, May 27, the BoG announced measures to enhance market conduct and maintain order in the foreign exchange market.

    The Bank has collaborated with the Ghana Association of Banks to streamline documentation for foreign payments, reducing reliance on informal markets.

    To address high demand pressures, the BoG has recently absorbed foreign exchange needs from some corporate institutions, easing pipeline demand from commercial banks.

    Aware of illegal operators, the BoG is working with the Financial Intelligence Centre to clean up the foreign exchange market. Monitoring of foreign exchange bureau will be intensified to ensure compliance with regulations.

    Foreign exchange bureaux must stop advertising rates outside their premises and on social media. The BoG has established a task force to oversee compliance. Election-year sentiments and statements affecting market confidence should be managed carefully.

    In fiscal policy, expenditures exceeded revenue growth in the first quarter due to early IPP arrears payments. Maintaining fiscal discipline throughout the year is crucial for economic confidence.

    The committee noted that consistent implementation of macroeconomic and structural reform policies aligns with the IMF-supported program. Efforts should prevent recent currency depreciation from affecting business pricing and inflation expectations.

    The reserve build-up of about US$2 billion since the IMF program began, along with strong disinflation, fiscal consolidation progress, positive current account balances, and external debt restructuring advances, have provided buffers to support the exchange rate.

    Forecasts indicate a slightly elevated inflation profile due to recent exchange rate pressures and transportation fare adjustments. However, inflation is expected to stay within the monetary policy consultation range of 13-17 percent by year-end, contingent on maintaining a tight monetary policy and aggressive liquidity management.

    “Given these considerations, the Committee decided to maintain the Monetary Policy Rate at 29 percent,” he said.

  • 7 vegetables you can use for stew in the absence of tomatoes

    7 vegetables you can use for stew in the absence of tomatoes

    Several vegetables can work well as replacements. Here are some options, along with tips on how to use them:

    Red bell peppers

    Flavor Profile: Sweet and slightly tangy, without the acidity of tomatoes.

    Usage: Red bell peppers can be used in salads, sauces, and stews. Roast them for a deeper, smoky flavor that can mimic the complexity of tomatoes in cooked dishes.

    Preparation tips:

    • Raw: Chop and use in salads or salsas.
    • Roasted: Roast until charred, peel off the skin, and blend into sauces or soups.

    Carrots

    Flavor profile: Sweet and earthy.

    Usage: Carrots can add sweetness and color to dishes like soups, stews, and sauces. They work particularly well when cooked and pureed.

    Preparation tips:

    • Grated: Add to salads or use as a base for sauces.
    • Pureed: Cook until soft and blend into a smooth puree for soups and stews.

    Pumpkin or squash

    Flavor profile: Mildly sweet and creamy.

    Usage: Use pumpkin or squash in place of tomatoes in soups, sauces, and casseroles. They provide a rich texture and subtle sweetness.

    Preparation tips:

    • Pureed: Cook until soft and blend into soups or sauces.
    • Cubed: Add to stews or casseroles for added bulk and flavor.

    Beets

    Flavor Profile: Sweet and earthy, with a robust flavor.

    Usage: Beets can be used in salads, soups, and sauces. Their vibrant color can mimic the visual appeal of tomatoes.

    Preparation tips:

    • Roasted: Roast until tender, then slice or cube for salads.
    • Pureed: Cook and blend into a smooth puree for sauces or soups.

    Zucchini

    Flavor Profile: Mild and slightly sweet.

    Usage: Zucchini can be used in place of tomatoes in dishes like ratatouille, soups, and stir-fries. It absorbs flavors well and adds moisture to dishes.

    Preparation tips:

    • Sliced or Diced: Add to stir-fries, stews, or casseroles.
    • Pureed: Cook and blend into sauces or soups for added texture and volume.

    Eggplant

    Flavor profile: Mild and slightly bitter when raw, but takes on a rich, savory flavor when cooked.

    Usage: Eggplant can substitute tomatoes in dishes like ratatouille, pasta sauces, and stews. Its meaty texture works well in hearty dishes.

    Preparation tips:

    • Roasted: Roast until tender and use in place of tomatoes in sauces and stews.
    • Grilled: Slice and grill, then add to salads or sandwiches.

    Tomatillos

    Flavor profile: Tangy and slightly tart.

    Usage: Tomatillos can replace tomatoes in sauces and salsas, providing a similar tangy flavor.

    Preparation tips:

    • Raw or Cooked: Use in salsas, or cook and blend into sauces for a tangy kick.

    Each of these vegetables brings its own unique flavor and texture to dishes, allowing you to replace tomatoes in a variety of recipes.

    Experiment with these alternatives to find the best match for your cooking needs and personal taste preferences.

  • Tips to prepare delicious carrot stew without adding tomatoes

    Tips to prepare delicious carrot stew without adding tomatoes

    If you want to substitute tomato puree with carrots in your stew, you can still create a delicious and hearty dish with a unique but equally satisfying flavor profile.

    Here’s a detailed recipe for a carrot-based stew:

    Ingredients:

    • 2 tablespoons olive oil
    • 1 large onion, chopped
    • 2 cloves garlic, minced
    • 4 large carrots, peeled and chopped
    • 2 celery stalks, chopped
    • 1 large potato, peeled and chopped
    • 1 red bell pepper, chopped
    • 1 pound (450g) beef or chicken, cubed (optional)
    • 4 cups vegetable or chicken broth
    • 1 teaspoon dried thyme
    • 1 teaspoon dried rosemary
    • 1 teaspoon paprika
    • Salt and pepper to taste
    • 2 bay leaves
    • 1 cup frozen peas
    • Fresh parsley, chopped (for garnish)

    Instructions:

    Prepare the carrot puree

    Ingredients for Carrot Puree:

    • 4 large carrots, peeled and chopped
    • 1 cup water or vegetable broth

    Method:

    1. Boil Carrots: In a medium pot, add the chopped carrots and water (or broth). Bring to a boil and cook until the carrots are tender, about 10-15 minutes.
    2. Blend: Once tender, use a blender or food processor to puree the carrots until smooth. Set the carrot puree aside.

    Cook the stew

      Step-by-step Instructions:

      1. Heat olive oil: In a large pot or Dutch oven, heat the olive oil over medium heat.
      2. Sauté Aromatics: Add the chopped onion and minced garlic to the pot. Sauté until the onion is translucent, about 5 minutes.
      3. Add Meat (Optional): If using meat, add the cubed beef or chicken to the pot. Cook until browned on all sides, about 5-7 minutes.
      4. Add Vegetables: Stir in the chopped carrots, celery, potato, and red bell pepper. Cook for another 5 minutes, stirring occasionally.
      5. Pour in broth: Add the vegetable or chicken broth to the pot.
      6. Season: Stir in the thyme, rosemary, paprika, salt, pepper, and bay leaves.
      7. Simmer: Bring the mixture to a boil, then reduce the heat to low. Cover and let it simmer for about 30 minutes, or until the vegetables are tender and the flavors are well combined.
      8. Add carrot puree: Stir in the prepared carrot puree. This will give the stew a rich, smooth texture and a slightly sweet flavor.
      9. Add peas: Stir in the frozen peas and cook for another 5 minutes.
      10. Adjust seasoning: Taste and adjust the seasoning with additional salt and pepper if needed.

      Serve

      1. Garnish: Remove the bay leaves. Ladle the stew into bowls and garnish with freshly chopped parsley.
      2. Enjoy: Serve hot, with crusty bread or over rice if desired.

      This carrot-based stew is hearty, flavorful, and nutritious, offering a unique twist by using carrot puree in place of tomato puree. Enjoy the rich, comforting flavors that this vegetable-packed stew brings to your table!

    1. Here are 12 ways to get her fall in love with you again

      Here are 12 ways to get her fall in love with you again

      It takes a combination of patience, respect for their sentiments, and sincere interest to develop a lasting connection with someone and win them over.

      You may accomplish this without putting too much strain on yourself by following these steps:

      Be yourself

      Authenticity is crucial. Pretending to be someone you’re not is unsustainable and can lead to disappointment for both parties. Show her who you really are, including your interests, values, and quirks.

      Show genuine interest

      Take time to get to know her: Ask about her interests and listen actively. Engage in conversations that are meaningful to her. Remember details from your conversations and bring them up later to show you were listening.

      Be supportive

      Support her goals and ambitions: Encourage her dreams and aspirations. Be there during tough times as a supportive friend. Celebrate her successes genuinely.

      Build a friendship

      A strong romantic relationship often starts with a solid friendship: Spend time together doing things you both enjoy. Build trust and rapport by being reliable and honest. Share experiences and create positive memories.

      Respect her space

      Everyone needs personal space and time: Don’t overwhelm her with constant attention. Respect her boundaries and personal time. Give her space to pursue her interests and spend time with other friends.

      Use positive body language

      Non-verbal cues can convey your feelings without being overly direct: Maintain eye contact to show interest. Smile and use open body language to appear approachable and friendly. Respect her personal space and avoid invading it.

      Be confident but humble

      Confidence is attractive, but arrogance is a turn-off: Believe in yourself and your worth. Be humble and avoid boasting about your achievements. Show vulnerability; it makes you relatable.

      Create opportunities for shared experiences

      Shared experiences can build a deeper connection: Plan activities that you both enjoy. Suggest group outings to ease any pressure. Invite her to events where you can both have fun and interact naturally.

      Communicate clearly

      Good communication can prevent misunderstandings: Express your feelings honestly but respectfully. Ask for her opinion and respect it, even if it differs from yours. Be a good listener and validate her feelings.

      Give compliments and appreciate her

      Everyone likes to feel appreciated: Compliment her genuinely on things you admire. Express appreciation for her qualities and actions. Avoid superficial compliments; focus on her character and achievements.

      Be patient

      Relationships take time to develop: Don’t rush things; let the relationship evolve naturally. Be patient and give her time to reciprocate feelings. Understand that true feelings can take time to grow.

      Accept the outcome gracefully

      Not every effort will lead to a romantic relationship: Be prepared for any outcome and respect her feelings. Accept her decision gracefully if she doesn’t feel the same way. Maintain a positive attitude and continue to be a good friend.

      Winning someone’s affection without applying too much pressure is about balance and respect. By being genuine, supportive, and patient, you create an environment where a mutual connection can naturally develop.

      Remember, the goal is to build a relationship based on mutual respect and understanding, not to force someone into liking you.

    2. Govt boosts spending on social intervention despite fiscal consolidation – Amin Adam

      Govt boosts spending on social intervention despite fiscal consolidation – Amin Adam

      Minister for Finance, Dr. Mohammed Amin Adam, stated that while the government is committed to implementing fiscal consolidation, it is also dedicated to strengthening social intervention programs.

      He emphasized that the government is enhancing social protection measures to shield the poor and vulnerable from economic challenges and adjustments.

      During the 3rd edition of the monthly media briefing, Dr. Adam highlighted that over the past two years, the government has doubled the benefits of the Livelihood Empowerment Against Poverty (LEAP) program and indexed it to inflation to preserve its value.

      He also noted that the government has increased benefits under the school feeding program by 25%, boosted allocations to the National Health Insurance Scheme (NHIS) by over 40%, and raised the capitation grant allocation by 25% to support basic education.

      “So ladies and gentlemen as we implement the fiscal consolidation we have not forgotten of the poor and the vulnerable. Ours is to promote inclusive growth and this is demonstrated by the increasing spending that we are seeing in these social interventions for our people,” he stated.

      On Friday, the minister provided an update on the economy, covering topics such as the implementation of the IMF-supported Post-COVID-19 Program for Economic Growth (PC-PEG), progress on external debt restructuring, the status of the SME Growth and Opportunity Program, and the economic performance in the first quarter.

      The ministry’s monthly press briefing is a measure aimed at enhancing transparency and accountability in the country’s economic management.

    3. More than 160 villagers abducted in mass kidnapping and killings in Niger State

      More than 160 villagers abducted in mass kidnapping and killings in Niger State

      Ten people have been killed and at least 160 villagers have been kidnapped from a remote community in Nigeria’s central Niger state, officials report.

      A large group of armed men, suspected to be from Nigeria’s militant Islamist group Boko Haram, invaded Kuchi village on Friday night, according to local official Aminu Abdulhamid Najume, who spoke to the BBC’s World Service.

      The kidnapped individuals were mostly women and children, while those killed included local hunters providing security for the area, Najume said.

      The gunmen reportedly rode into Kuchi on motorbikes, cooked food, made tea, and looted houses before leaving more than two hours later.

      Najume, who chairs the Council of the Munya Local Government Area, said the Kuchi community had been left traumatized and anxious for news of those taken.

      Writing on social media, Amnesty International expressed its “deep concern” at the mass abduction.

      “The invasion of the village by the gunmen is yet another indication of the Nigerian authorities’ utter failure to protect lives,” it said.

      “Since 2021, gunmen have consistently attacked Kuchi village and raped women and girls in their homes.

      “From time to time, the gunmen demand millions of Naira as ransom to avoid being kidnapped.

      “Amnesty International is calling on the Nigerian authorities to end these spates of abductions and bring suspected perpetrators to justice. Frequent mass abductions and killings are clear evidence of the authorities’ failure to protect the people.”

      Attacks in Niger state have become increasingly common, though it is often unclear if the gunmen have any links to jihadist groups.

      Last month, several villages were targeted by armed gangs kidnapping for ransom.

    4. Exchange of fire incidence at Isreali border kills an Egyptian soldier

      Exchange of fire incidence at Isreali border kills an Egyptian soldier

      An Egyptian soldier was killed in an incident involving Egyptian and Israeli troops near Rafah. Both militaries are investigating the event.

      Israeli media reported an exchange of fire, but details are sparse and no Israeli casualties have been reported.

      Tensions between Egypt and Israel have escalated since Israeli forces took control of the Gazan side of the Rafah crossing point three weeks ago as part of their offensive against Hamas.

      Egypt strongly supports the Palestinians and has condemned Israel’s military campaign in Gaza and the killing of thousands of civilians by Israel in the war.

      Egypt, the first Arab country to sign a peace deal with Israel 45 years ago, has had often frosty relations with Israel, though deadly incidents between their troops are rare.

      Hours before the shooting, Egypt’s foreign ministry condemned an Israeli strike on Rafah that killed at least 45 people, according to Gaza’s Hamas-run health ministry, accusing Israel of targeting defenseless civilians.

      The Israel Defense Forces (IDF) said the attack killed two senior Hamas officials and stated it was reviewing reports of civilian casualties caused by the strike and the subsequent fire.

      Like Israel, Egypt has maintained a blockade on its border with Gaza since Hamas took power in 2006. Hamas, an offshoot of the Islamist Muslim Brotherhood organization banned in Egypt as a terrorist group, is in control of Gaza.

      However, Egypt has kept communication channels open with Hamas and has been mediating indirect talks between Israel and Hamas to reach a ceasefire and secure the release of Israeli hostages held by Hamas in Gaza.

    5. It is cheaper to use the Private jet – William Ruto

      It is cheaper to use the Private jet – William Ruto

      Kenya’s President William Ruto has faced widespread criticism for claiming that the private jet he used for his recent trip to the US was cheaper than flying with the national airline.

      However, he did not disclose the cost of the private jet or the potential cost of flying on Kenya Airways.

      Political analyst Prof Herman Manyora told the BBC that “the facts that are out in the public do not seem to bear him out.”

      Senior opposition figure Eugene Wamalwa told local media that the president’s remarks were “unpatriotic” and argued that he should have used the opportunity to promote Kenya Airways instead.

      President Ruto visited the US on a three-day official state visit, the first such trip by an African leader in over 15 years. During his visit, Kenya secured several investment deals worth billions of dollars.

      Additionally, the US designated Kenya as a major non-North Atlantic Treaty Organization (NATO) ally, strengthening its position as one of the US’s closest security partners in Africa.

      But the use of a luxury jet for the US trip has continued to spark criticism, prompting the president to respond.

      On Sunday, a day after returning to the country, Mr Ruto defended himself as a “steward of public resources”.

      “In keeping with my determination for us to live within our means and that I should lead from the front in so doing, the cost was less than travelling on [Kenya Airways],” he said on X (formerly Twitter).

      Kenya Airways has not commented regarding the cost.

      But it has dismissed as fake a widely circulated statement that purports to show that using the airline would have been cheaper for the president.

      Despite his explanation, many Kenyans have criticised the president.

      Mr Manyora says the president should have explained himself better, to persuade people that it was right to use a private jet.

      He said the president should have “considered people’s perceptions” and explained the benefits of using a chartered plane, including flexibility, class and security.

      “I would have expected that kind of explanation, not one that leaves people wondering,” he said.

      On social media some criticised the president for using an airline owned by another country.

      “It is a shame as a country if the president can’t use our national airlines, Kenya Airways, because it is expensive,” said Alinur Mohamed.

      Calculating the total cost of business class tickets for the president and his delegation, local media report this would have been far cheaper than hiring a jet.

      The president used a Dubai-owned RoyalJet company to travel to the US, along with an entourage of about 30 people.

      Hiring such a jet is reported to cost $1.5m (£1.2m) versus the $300,000 estimated cost for business-class tickets on Kenya Airways for the entire delegation.

      But Mr Ruto told US broadcaster Voice Of America (VOA) over the weekend that the estimated cost of his trip was “completely exaggerated”.

      He did not respond to a direct question about how much it cost, but said the amounts being “bandied around are ridiculous”.

      “I’m careful about the resources that I spend,” he added.

      Last week, government spokesman Isaac Mwaura told the BBC that the “benefits from this visit far outweigh” the costs, without confirming the sums involved.

      The row comes amid concerns by critics that taxpayers’ money has been used to fund extravagance in government while taxes have been raised on the basis that the state needs extra funding.

      Mr Ruto has made more than 50 visits abroad since he became president in 2022 – averaging more than three a month.

      The government has defended the trips as necessary – while pointing to recent directives to cut spending.

    6. Reduce exchange rate from GHS15.50 to GHS10.00 – Ghana Federation of Traders to govt

      Reduce exchange rate from GHS15.50 to GHS10.00 – Ghana Federation of Traders to govt

      The Ghana Federation of Traders, comprising all trade union associations, has urgently appealed to the government to take immediate steps to reduce the exchange rate from GH¢15.50 to GH¢10.00. This move is aimed at supporting traders and ensuring the sustainability of businesses.

      In a press release dated May 26, the federation expressed serious concerns about the current exchange rate, stating that it poses a significant threat to the viability of their businesses.

      They argued that the high exchange rate not only hampers growth prospects but also imposes severe financial strain, putting their ability to stay operational and retain their workforce at risk.

      Highlighting the historical performance of the cedi against the dollar under successive governments, the federation emphasized the severity of the current situation. They noted that in 2008, the cedi was valued at GH¢1.057 to the dollar, which increased to GH¢1.972 by 2012 and GH¢3.945 in 2016. Under the current administration, the rate has surged to GH¢15.50, a situation the federation described as harmful to business owners, consumers, and the general population.

      The traders stressed that if the issue is not promptly addressed, it will have dire consequences for businesses.

      They urged the government to stabilize the exchange rate to create a more favorable business environment.

      “We are about 8 unions, strong unions let our government know that the way the dollar is climbing, and our cedi is meaningless means that…the business community can rise up…As I’m speaking, businesses [are] collapsing, In 2 years…my capital can import [only] three containers, from 2014, to 2015, I imported 20 containers a year.

      “Now three years down the line, I have imported only three containers. What we, the traders are telling the world, our leaders, and the Ghanaian community as a whole, a lot of unions are coming out to join to demonstrate.”

      “We are pleading, urging our president and the vice president that in two weeks, as we said, if we don’t hear anything from them about the dollar from GH15 to GH10…we will let the world hear about us again,” he stated.

    7. ECG fully adheres to the Cash Waterfall Mechanism

      ECG fully adheres to the Cash Waterfall Mechanism

      The Public Utilities Regulatory Commission (PURC) announced in its latest validation report that the Electricity Company of Ghana (ECG) has fully complied with the Cash Waterfall Mechanism (CWM) for March 2024 payments.

      This compliance comes after intense scrutiny and criticism from both the media and the PURC, which have been vocal about ECG’s failure to fully adhere to the CWM since its revision in August 2023.

      The report indicates that ECG collected over GHS 1 billion for March 2024, which was used to settle invoices from January 2024.

      From this revenue, ECG disbursed GHS 620 million ($52 million) to seven Independent Power Producers (IPPs) and the West African Gas Pipeline Company (WAPCo), representing a substantial 62% of ECG’s total revenue for the month.

      “The CWM application for March 2024 payments was based on invoices submitted for January 2023.
      The total ECG revenues reported for March 2024 was GHS 1,002,850,000.00,” the report stated.

      The remaining GHS 334.8 million, after payments to the IPPs and statutory obligations were accounted for, was distributed among Level B beneficiaries. These beneficiaries include state-owned enterprises such as the Volta River Authority (VRA), Bui Power Authority, the Ghana National Gas Company, regulators, some power generators, and ECG itself.

      Interestingly, March 2024 witnessed ECG fully compensating all Level B beneficiaries for the first time since the revised CWM came into effect. This signifies a notable shift from its prior pattern of incomplete payments to these entities.

      However, despite the Ministry of Finance being responsible for covering any shortfalls, it has not fulfilled this duty since August 2023.

      The deficit for March 2024 amounts to GHS 159.9 million. The PURC is presently engaging with the Ministry to ensure these obligations are honored.

      “The Commission wishes to state that, MoF has not made up for the shortfalls since August 2023,” it stressed.

    8. BoG taskforce to keep an eye on compliance with forex bureaus

      BoG taskforce to keep an eye on compliance with forex bureaus

      A team has been established by the Bank of Ghana (BoG) to oversee all foreign exchange bureaus and guarantee adherence to their regulatory policies.

      “The bank is fully aware of the operations of illegal operators in the foreign exchange market and is working with the financial intelligence centre to sanitize the market,” Dr Ernest Addison, the Governor of the Bank of Ghana, told a press conference.

      He declared that increased oversight by the Foreign Exchange Bureau will be implemented to guarantee adherence to their established guidelines.

      Accordingly, he stated, any foreign exchange bureaus that advertise rates outside of their locations and on social media sites had to stop doing so right away.

      More soon.

    9. Focus on economic development, not tax waiver amounts – Afenyo-Markins tells minority

      Focus on economic development, not tax waiver amounts – Afenyo-Markins tells minority

      The Majority Leader in Parliament, Alexander Afenyo-Markin, has argued that concerns over the tax waivers granted to certain companies are misguided.

      The Effutu MP believes that the emphasis should be on the economic benefits these waivers bring rather than the sums involved.

      He made these remarks in response to the Minority in Parliament’s objections to the waivers.

      Afenyo-Markin suggested that fixating on the specific amounts of the waivers is an oversimplification and misrepresentation of the incentives’ true purpose and impact.

      Speaking on JoyNews’ AM show on Monday, he said, “Countries are competitive for investments, and they have all manner of incentives to attract people to bring capital. We are talking about post-Covid entrepreneurial decisions. Entrepreneurs would have to take decisions as to which country they would go to. You go to Qatar today, in their free zone their policy on foreign direct investments is so attractive.”

      “Tax wavers, for the first ten years, you are not supposed to pay tax on profit and all. You have that space. Now this government introduces one district, one factory. The aim of it is to create a space for businesses to thrive. If you give that incentive, that money, that capital is invested in the business. That is why I am saying, do not quantify it, that ‘oh, the government is giving tax incentives of three hundred million, oh, that money could have been used for something else’. You will get it wrong”.

      The Majority Leader of Parliament emphasized the significance of offering tax incentives to businesses in Ghana, highlighting the necessity for patience as companies advance through various development stages.

      The Effutu MP endorsed the government’s decision to grant tax waivers to 42 businesses, arguing that these incentives are essential for fostering expansion and exploration in the Ghanaian market.

      “In my own constituency, an Indian company has established a tissue factory, the first of its kind in West Africa, and this tissue factory is going to produce the raw material base for all the tissue companies. You know the tissue companies we have in Ghana; they all import the pulp, the jumbo; they come and cut it and all. This company is going to produce it, and they got attracted to Ghana because of the one district and one factory.

      “They are almost 60% done, and we are all in parliament dragging our feet. There are many companies going through the same thing. I am feeling it because if this company is completed, they will start employing my people. The companies that are importing would not have to import, so the pressure on the Cedi would go down, and if they had those tax incentives, they would be able to do their phase two and employ more,” he noted.


      In 2021, the Ministry of Finance began the process to secure about $335,072,712.13 in tax exemptions for 42 companies under the government’s One District One Factory (1D1F) initiative.

      The Exemptions Act, 2022 (Act 1083), was introduced to Parliament by the former Minister for Finance, Ken Ofori-Atta, in 2022.

      Notably, Sentuo Oil Refinery Limited is requesting the largest exemption amount, totaling $164,633,012.00.

    10. “If one MP can do this then Parliament can save us” – Manasseh salutes Okudzeto

      “If one MP can do this then Parliament can save us” – Manasseh salutes Okudzeto

      Manasseh Azure Awuni, a prominent Ghanaian investigative journalist and editor-in-chief of the Fourth Estate, has lauded the endeavors of North Tongu MP Samuel Okudzeto Ablakwa in scrutinizing the controversial sale of SSNIT hotels.

      Azure emphasized the vital role parliamentarians can play in ensuring accountability within the executive branch.

      In a post shared on X on Monday, May 27, Manasseh remarked, “Ablakwa has demonstrated that our MPs can effectively hold the executive accountable.”

      “If one MP can do this, then parliament can save us because many of the shady deals and confidential documents go through one parliamentary committee or the other before getting passed,” he stressed.

      The North Tongu MP has raised concerns about the transparency and integrity of the deal due to the owner’s government position.

      Despite significant public opposition, including from labor unions, Mr. Ablakwa asserts that the government has refused to listen to the overwhelming majority of Ghanaians” and intends to complete the sale “albeit with impunity.”

      He has, therefore, notified the police about a protest scheduled for June 18 in Accra, stating, “”as citizens, we are compelled to enter the next phase of our national resistance.”

    11. Thunderstorms expected in some parts of Ghana tonight – GMet

      Thunderstorms expected in some parts of Ghana tonight – GMet

      The Meteorological Agency (GMet) has announced that parts of Ghana should anticipate rainfall and isolated thunderstorms later today.

      In its afternoon forecast update released at 11:00 GMT on Monday, May 27, GMet cautioned that “from late afternoon into the evening hours, localized thunderstorms or rain are also expected over few areas within the coastal, middle, transition, and northern sectors.”

      GMet has identified these regions as having a moderate risk of thunderstorms and precipitation.

      Meanwhile, most other areas of the country are projected to experience partly cloudy conditions with a minimal chance of rain.

      The Central Analysis and Forecasting Office, the technical division of GMet responsible for issuing forecasts, stated, “Partly cloudy conditions will prevail across the country this afternoon.”

      Daytime temperatures are forecast to peak at 36 degrees Celsius in the northern regions and 33 degrees Celsius in the coastal and forest zones.

    12. Ghana’s public debt reaches GHS658.6b early 2024

      Ghana’s public debt reaches GHS658.6b early 2024

      Ghana’s public debt saw a sharp increase of GH¢46.4 billion in the first two months of 2024, soaring to GH¢658.6 billion ($53.1 billion), according to data from the Bank of Ghana. This surge pushed the country’s debt to 62.7% of its Gross Domestic Product (GDP).

      The Bank of Ghana’s May 2024 Summary of Economic and Financial Data disclosed that Ghana’s debt stood at GH¢611.2 billion at the close of 2023. However, it escalated to GH¢626.0 billion in January 2024 and further rose to GH¢658.6 billion in February 2024.

      The significant uptick in debt was primarily attributed to the depreciation of the cedi and increased domestic borrowing by the government. Specifically, domestic debt surged by GH¢18.5 billion, while external debt saw a rise of GH¢28.9 billion, largely influenced by the weakening of the cedi.

      By February 2024, the external debt component amounted to $30.6 billion (GH¢350.3 billion), constituting 36.1% of GDP. Concurrently, domestic debt stood at GH¢278.7 billion, equivalent to 36.1% of GDP.

      Although the government’s fiscal operations remained in line with targets, with a deficit-to-GDP ratio of 2.6% in the first quarter of 2024 compared to 1.8% in the same period last year, the primary balance recorded a deficit of 1.4% of GDP in March 2024.

      In response to economic challenges, Ghana suspended interest payments on its external loans in December 2022. Presently, the country has received a Memorandum of Understanding from its bilateral creditors for restructuring part of its external debt and is engaged in negotiations with bondholders following an agreement with bilateral creditors reached in January 2024.

    13. NAPO has not diverted $150m in Tullow oil deal – Energy Ministry

      NAPO has not diverted $150m in Tullow oil deal – Energy Ministry

      The Energy Ministry has denied claims made by social media commentator Kevin Taylor regarding a contract involving Tullow, Kosmos, GNPC, and Petro SA.

      Mr. Taylor alleged that Energy Minister Dr. Matthew Opoku Prempeh and the New Patriotic Party (NPP) were involved in diverting $150 million in this transaction.

      However, the Ministry has strongly rejected these allegations as baseless and without merit.

      Responding to these accusations, the Minister’s press aide, Kofi Abrefa Afena, clarified in a statement that the Energy Ministry is not responsible for signing and approving contracts in the upstream petroleum sector.

      Mr. Afena emphasized that the approval of the mentioned contract falls outside the jurisdiction of the Ministry.

      He urged the public to disregard these false claims and view them with skepticism.

      Furthermore, the Communications Specialist hinted that Dr. Prempeh may pursue legal action to address the damage to his reputation caused by Taylor’s allegations.

      RIPOSTE-ON-KEVIN-TAYLORS-ALLEGATIONSDownload
    14. Oil prices stable as OPEC+ meeting approaches

      Oil prices stable as OPEC+ meeting approaches

      Oil prices remained stable in Asian trading on Monday as markets awaited the OPEC+ meeting on June 2, where producers are anticipated to discuss continuing voluntary output cuts for the rest of the year.

      As of 0638 GMT, the Brent crude July contract increased by 24 cents to US$82.36 a barrel, while the more active August contract rose by 29 cents to US$82.13.

      U.S. West Texas Intermediate (WTI) crude futures climbed 28 cents to $78 per barrel.

      Last week, Brent ended about 2% lower, and WTI lost nearly 3% after Federal Reserve minutes revealed that some officials were willing to tighten interest rates further if necessary to control persistent inflation.

      Public holidays in the U.S. and UK on Monday are expected to result in relatively thin trading.

      The upcoming OPEC+ meeting was postponed by a day and will be held online, OPEC announced on Friday.

      Producers will discuss whether to extend voluntary output cuts of 2.2 million barrels per day into the second half of the year, with three sources from OPEC+ countries indicating an extension is likely.

      Oil futures are expected to maintain today’s gains due to the anticipated extension of the cuts, said Sugandha Sachdeva, founder of Delhi-based research firm SS WealthStreet.

      “However, the trajectory of price action will be significantly influenced by the U.S. Producer Price Index (PPI) data scheduled for the week, which will in turn shape the Federal Reserve’s approach to potential rate adjustments,” Sachdeva said.

    15. Reimburse contractors who borrowed from collapsed GN Bank – Nduom to gov’t

      Reimburse contractors who borrowed from collapsed GN Bank – Nduom to gov’t

      Chairman of Groupe Ndoum and the former owner of Gold Coast Fund Management Company, Dr Papa Kwesi Ndoum, has once again urged the government to reimburse contractors who took loans from Groupe Ndoum.

      The Chairman of Groupe Ndoum and owner of the defunct Gold Coast Fund Management Company, Dr. Nduom, has appealed to the government to settle an outstanding debt exceeding GHS7 billion owed to his companies and their subsidiaries.

      He contends that this debt has crippled his businesses and left depositors without access to their funds for years.

      In 2019, the Securities and Exchange Commission (SEC) revoked the licenses of 53 fund management companies, including Gold Coast Fund Management, resulting in the freezing of depositors’ funds.

      Since then, depositors and investors have persistently demanded the return of their money, but without resolution.

      Dr. Nduom reiterated his plea for the government to reimburse contractors who borrowed from Groupe Ndoum.

      He argued that timely payments could have averted the financial collapse of his companies.

      “A debt that used to be GHS1.8 billion is now more than GH¢7.1 billion. It is growing every day with interest,” he stated.

      He continued that: “So the government of Ghana and its agencies, if they had paid us even one-third of that money to the contractors six years ago, there wouldn’t be a Gold Coast or Black Shield problem. There wouldn’t be a GN Bank problem, there wouldn’t be a problem with any of our companies.”

      Dr. Nduom stressed the urgency of the situation, urging the government to settle the debt promptly to enable the repayment of depositors.

       “So today, what we are asking is we are saying let them pay the money. If the government doesn’t have the money, let us come up with a payment plan. They pay us, the customers get paid,” Dr. Ndoum added.

    16. Audit 1V1D projects in Northern Ghana – CSOs petition Auditor-General

      Audit 1V1D projects in Northern Ghana – CSOs petition Auditor-General

      Members of Civil Society Organisations (CSOs) in Northern Ghana, has presented a petition to the Auditor-General to constitute a team from the Audit Service to conduct an audit on all the One Village One Dam (1V1D) projects in the North.

      The petition was copied to Ghana News Agency on behalf of the CSOs and beneficiary communities of the projects by Mr Bismark Adongo Ayorogo, Executive Director of the Northern Patriots in Research and Advocacy (NORPRA).

      It said for purposes of promoting transparency and accountability of public resource management and establishing value for money for these projects.

      “we are invoking your constitutional mandate of auditing all public accounts to conduct an audit on all the 1V1D projects in Northern Ghana.”

      The petition stated; “We were pleased and inspired by a policy statement in the 2018 Budget Statement and Economic Policy of the Government (Page 61, Parag. 276) that the Audit Service was increasing its audit coverage on government’s new policies such as One Village One Dam among others to ascertain value for money.

      “However, we have since not sighted any audit report from your Service on these 1V1D projects.”

      The petitioners highlighted that the 1V1D initiatives were financed through Ghana’s oil revenue’s Annual Budget Funding Amount (ABFA).

      This funding aimed to fulfill policy objectives outlined in the 2018 Budget (Paragraph 394), including promoting double cropping in a year and enhancing agricultural productivity.

      Additionally, it sought to bolster food security and reduce the nation’s food import bill, as stated in the 2017 Budget (Paragraph 496), ultimately aiming to uplift the livelihoods of the populace.

      Given the Audit Service’s track record of actively promoting good governance, transparency, accountability, and probity within Ghana’s public financial management system, the petitioners urged the Service to accord their petition the necessary attention it merits.

    17. Akufo-Addo is not planning to remove Kissi Agyebeng as Special Prosecutor – NPP

      Akufo-Addo is not planning to remove Kissi Agyebeng as Special Prosecutor – NPP

      New Patriotic Party’s (NPP) Director of Legal Affairs, Gary Nimako Marfo, refutes accusations linking President Nana Akufo-Addo to an alleged effort to oust Special Prosecutor Kissi Agyebeng.

      Speaking on Asaase 99.5’s The Forum on Saturday (May 25), Marfo dismissed the allegations as baseless and untrue.

      “Anybody saying that the Jubilee House or His Excellency the President is behind a move or an attempt to kick out my own brother, Kissi Agyebeng, that statement is false; there is no merit in it as a matter of fact, it is not true.”

      Marfo, asserting a close friendship with Agyebeng, asserted that had there been any validity to the accusations, he would have been informed either by government channels or directly from the Special Prosecutor himself.

      “I would have been aware about this particular matter,” Marfo said. “Either I’ll hear from government cycles myself or Kissi himself would have told me that there’s a suggestion that he should resign and he has refused to resign and therefore he’s now being hounded out of office. That suggestion has not come.”

      He also cast doubt on the credibility of private legal practitioner Martin Kpebu, who levied the accusations, advising the public to dismiss the assertions.

      “It is not true and the person who said it, that is Martin Kpebu, who made a statement, I’m telling you he has no credibility at all. I don’t know where he heard it from. I am saying that it is not true and the public should disregard all these things and let’s move on with our lives.”

    18. Ghana emerges winner for best jollof at 3rd Made-in-Ghana bazaar

      Ghana emerges winner for best jollof at 3rd Made-in-Ghana bazaar


      The age-old dispute regarding the superior jollof rice nation reached a conclusion at the “Jollof Wars” contest during the 3rd Made-in-Ghana Bazaar.

      Ghana clinched the championship, securing the title for the finest jollof, with Nigeria trailing in second place and The Gambia securing third.

      Jollof rice, a staple of West African cuisine, is traditionally crafted with long-grain rice, tomatoes, chilies, onions, spices, and occasionally additional vegetables and/or meat, all cooked together in a single pot.

      Its components and cooking techniques vary across diverse regions.

      The 3rd edition of the Made-in-Ghana Bazaar, a key initiative by the Ministry of Foreign Affairs and Regional Integration, kicked off on Thursday, May 23, 2024, at the Accra International Conference Centre.

      The event, themed “Promoting Made-in-Ghana Goods and Services for Economic Prosperity,” showcased a variety of local products and services.

      At the inauguration, Trade and Industry Minister Kobina Tahir Hammond (MP) commended the Ministry of Foreign Affairs and Regional Integration for orchestrating the event.

      Stressing the significance of showcasing Made-in-Ghana products and services globally, he urged citizens to rally behind local goods, underlining their pivotal contribution to the nation’s economic growth and continuity.

      “Every purchase made here today helps to sustain livelihoods and promote productivity and sustainability in our communities,” Mr. Hammond added.

      Deputy Minister for Foreign Affairs and Regional Integration, Mavis Nkansah-Boadu, addressed attendees, affirming that the Bazaar is designed to facilitate the entry of Ghanaian products and services into global markets through the network of Ghana’s diplomatic missions abroad and missions accredited to Ghana.

      She highlighted that this initiative would bolster the growth of Small and Medium-sized Enterprises (SMEs) by offering them opportunities to expand into international markets, including the African Continental Free Trade Area (AfCFTA).

      Ambassador Ramses J. Cleland, Chief Director for the Ministry of Foreign Affairs and Regional Integration, expressed confidence that the three-day event would contribute significantly to achieving the Bazaar’s objectives of economic development and support for Ghana’s small and medium-scale sector.

      The Bazaar featured a wide range of Made-in-Ghana goods and services, live performances of Made-in-Ghana music, and a panel discussion on “The Changing Nature of Economic Diplomacy – A Private Sector Perspective.”

      The event concluded on Saturday, May 25, 2024.

    19. Zanetor Agyemang-Rawlings advocates for agricultural preservation

      Zanetor Agyemang-Rawlings advocates for agricultural preservation

      Member of Parliament for the Korle Klottey Constituency, Dr. Zanetor Agyemang-Rawlings, is championing a policy aimed at safeguarding the country’s fertile lands in peri-urban areas from encroachment by real estate developers.

      She emphasized that the nation’s agricultural lands were rapidly diminishing due to unchecked land use practices, posing a looming threat of food scarcity unless immediate measures are implemented to address the situation.

      Addressing attendees at the commencement of the Agricultural Students Career Guidance and Mentorship Dialogue Bootcamp (AG-STUD) Africa 2024, Dr. Agyemang-Rawlings stressed the critical importance of food for societal sustenance and called upon the government to prioritize the protection of arable lands to bolster food production efforts.

      “You cannot have a house without food,” she stated, and said food production must not give way to the construction of real estate houses.

      The five-day programme, the seventh to be held by Agrihouse Foundation, is on the theme “Ac­celerating our efforts in enabling and advancing career opportuni­ties for the agri-youth: Role of the public, private and development partners”.

      The event is attended by 350 agricultural students from various tertiary institutions and selected students from some Senior High Schools across the country.

      Dr. Zanetor encouraged the students to consider agriculture as it offers numerous opportunities within the agricultural value chain, including crop production, processing, storage, haulage, irrigation, and agricultural finance.

      James Boateng, the Managing Director of Kwafre Farms and the 2018 Best Farmer, informed participants that agriculture is as profitable as any other business.

      Mr. Bryan Acheampong, the Minister of Food and Agriculture, emphasized in a speech read on his behalf by Dr. Solomon Ansah, the Director of Crops, that agriculture plays a crucial role in the country’s economy, contributing approximately 21 percent of the Gross Domestic Product.

      He highlighted that the youth are the future of the country’s agriculture, and the government will continue to support their involvement in agriculture.

      Alberta Nana Akyaa Akosa, the Chief Executive Officer of Agrihouse Foundation, explained that the annual program, introduced seven years ago, aims to expose agricultural students to various career opportunities in the agricultural sector and provide a platform for successful individuals in agriculture to inspire and mentor students.

      She outlined the program’s activities, including agri-ted talk mentorship, soft skills development sessions, ag-voyage and coach meet-up sessions, agri-inspire, mindset shaping, innovative role play, and sessions on credibility and accountability. The highlight will be the Beginner Agribusiness Competition and Input Dealer Deal Pitch.

    20. Lilwin speaks after surviving deadly accident

      Lilwin speaks after surviving deadly accident

      Kumawood star Kwadwo Nkansah, popularly known as ‘Lilwin’, has expressed his gratitude to God for surviving a harrowing car accident while en route to the premiere of the movie ‘A Country Called Ghana’ in Kumasi on Saturday.

      Making his first public statement about the accident during the movie premiere, Lilwin appeared with a white bandage covering his forehead, where he sustained injuries.

      Addressing the audience, he mentioned being advised to stay home but felt compelled to attend the event due to the presence and efforts of local chiefs and others who had gathered.

      Lilwin attributed his survival solely to the grace of God and extended his thanks to all who supported him during the ordeal.

      Before the premiere of his movie ‘A Country Called Ghana’, Lilwin and others were injured in a head-on car collision just hours earlier.

      The crash happened on Saturday morning in Amakom, a Kumasi suburb located in the Ashanti region.

      Witnesses reported that the actor was driving rapidly from the Amakom intersection towards the WAEC area when he suddenly swerved into the opposite lane.

      According to eyewitnesses speaking to JoyNews, Lilwin’s vehicle collided head-on with a private family car carrying a father and his four-year-old child, who sustained severe head injuries and was unresponsive.

      Lilwin and his two passengers also suffered head injuries in the accident, which left both vehicles severely damaged.

      Another victim mentioned her car lights were shattered by the speeding vehicle.

    21. Gov’t mounts pressure on Nigerian authorities for whereabouts of 2 missing Ghanaian ladies

      Gov’t mounts pressure on Nigerian authorities for whereabouts of 2 missing Ghanaian ladies

      The government of Ghana, via its High Commission in Nigeria, is exerting pressure on the Nigerian government regarding a Ghanaian lady who was last seen in April in southeastern Abia State, Nigeria.

      Afiba Abigail Tandoh, a wedding guest, has been missing for a month along with her Nigerian friend Celine Chidinma Ndidum.

      Both individuals traveled to southern Rivers State to attend a wedding that was abruptly cancelled. They subsequently journeyed to Aba, the capital of Abia State, for business purposes and have not been seen since.

      According to the Daily Guide Newspaper, besides diplomatic pressure, a significant development has occurred with the arrest of a suspect named Andrew Amechi Otchipo, a 52-year-old British Nigerian with extensive connections in Nigeria.

      “Otchipo, a supposed notorious figure wanted by security agencies, was apprehended by Interpol in Nigeria to aid in investigations related to the disappearance of the two women.

      “Close Circuit Camera (CCTV) footage from the hotel where the trio met revealed crucial evidence linking the suspect to the missing girls, including personal belongings such as the ladies handbags, ATM cards among others were found in his residence,” the report said.

      Daily Guide gives a sequence of how the disappearance happened:

      Despite this progress, authorities are encountering difficulties in eliciting information from Otchipo regarding the whereabouts of Afiba and Celine, as reported.

      Insights provided to DGN Online illuminate the complex series of events preceding Afiba’s sudden disappearance.

      After the unforeseen cancellation of the wedding they planned to attend, both Afiba and Celine met up with another acquaintance, Adiani Blessing Onyinye, whose wedding was called off at Garden Heights Estate in GRA, Port Harcourt on April 19, 2024.

      Following this, the duo embarked on a journey to meet Celine’s associate in Aba, Abia State, purportedly for a business engagement related to pet ventures—an area of expertise for Afiba. They pledged to return by April 29 but were last sighted at Panyu Hotel and Resort in Abia before vanishing from public sight.

      Concern heightened when reports suggested a possible abduction scenario on Sunday, April 28.

      Afiba Tandoh’s phone sent an urgent WhatsApp message with a live location marker, prompting the recipient—a mutual contact in Port Harcourt—to notify authorities promptly. This distress call prompted action from the Aba Anti Kidnapping Squad and the Nigeria Police Force to expedite search and rescue efforts.

      As the mystery surrounding Afiba’s disappearance deepens, both family anguish and official concern intensify the urgency to uncover the circumstances surrounding this troubling incident.

      Amidst speculation within the Ghanaian community, the importance of locating Afiba and her companion emphasizes the critical need to protect individuals crossing borders and underscores law enforcement’s vital role in responding effectively to such distressing cases of missing persons.

    22. Is King Promise married?

      Is King Promise married?

      Circular Musician, King Promise, has explained that the wedding ceremony depicted in his purported music video, which included important figures in the entertainment industry dressed in Kente, was a legitimate marriage ceremony.

      He clarified that he put so much effort into the purported video production since it was a real marriage ceremony in an interview with Doreen Avio on Daybreak Hitz.

      “It was a true African ceremony. Do you think we will waste money like that?” he quizzed.

      He went on to say that just a small number of close friends and family members were invited to the private ceremony. He did, however, imply that a larger wedding might occur shortly.

      “You may never know if there is another wedding coming. Because this was just a little bit of the whole show.”

      This is in response to reports that the wedding films posted online, which included Sarkodie, Dancegod Lloyd, and Joey B among others, were either real weddings or the set of a music video.

      King Promise has promised his well-wishers that he will formally announce his plan to get married when the time is right. However, everyone should be aware that he prefers to keep personal matters private.

      “Everything will unveil itself very soon. Rest assured I’ll unveil it but my private stuff remains private,” he noted.

    23. Residents of Alajo rescue man swept away by flood

      Residents of Alajo rescue man swept away by flood


      Today, in Alajo-Accra, residents united to save a young man from drowning in a substantial drain following heavy rainfall that led to severe flooding in the area.

      The swift response and collaborative effort of community members secured the man’s safety amidst the adverse conditions.

      According to gathered reports, the man fell into the fast-flowing floodwaters while attempting to cross the drainage system.

      Because of the strong current, he found it difficult to keep himself above water.

      Witnessing the alarming situation, certain residents promptly requested assistance.

      Approximately three individuals bravely entered the water in an effort to rescue the struggling man.

      While the endeavor seemed hopeless at first, the combined efforts of additional bystanders ultimately led to the successful retrieval of the man and the three rescuers.

      Watch video below:

    24. COCOBOD reportedly planning to borrow up to $1.5b for cocoa purchases in 2024–2025

      COCOBOD reportedly planning to borrow up to $1.5b for cocoa purchases in 2024–2025

      Ghana’s cocoa regulator intends to borrow up to $1.5 billion by September in order to finance the purchases of cocoa for 2024–2025 and compensate for low output ss per two COCOBOD sources who are aware of the arrangement.

      The world’s second-largest cocoa producer, after neighboring Ivory Coast, relies on an annual syndicated loan to fund bean purchases from farmers. This loan is typically secured at the beginning of the season in September.

      However, this year’s $800 million loan encountered delays due to the season’s low cocoa output.

      COCOBOD has since withdrawn $600 million and canceled the remainder, as the season’s cocoa output is projected to be nearly 40% below expectations, making it impossible to guarantee the full loan.

      “A request for proposal sent to banks indicates COCOBOD will borrow up to $1.5 billion next season. It is understood the banks are sizing it and together (with COCOBOD), they will decide an optimal amount,” said one COCOBOD source.

      A second source from COCOBOD expressed confidence that the syndication would proceed as planned.

      According to the same source, at least one international bank has visited Ghana to inspect cocoa farms before making a decision on the offer, with another scheduled to visit next month.

      Production is anticipated to rebound to 810,000 metric tons next season, as per the sources, who preferred not to be identified as they have not been authorized to speak to the media.

      COCOBOD did not provide a response to a request for comment.

      Ghana’s cocoa production has been impacted by adverse weather, diseases, and cocoa smuggling. It is projected to fall nearly 40% short of the target in the 2023/24 season, according to COCOBOD.

      The regulatory body stated that approximately 150,000 tons of cocoa beans were lost to smuggling and illegal gold mining, locally known as galamsey, in the 2022/23 season.

      It anticipates even greater losses this season due to a global increase in cocoa prices, which serves as an incentive for more smuggling.

      Between 2018 and 2024, the swollen shoot virus decimated around 590,000 hectares of farmland, according to COCOBOD.

      One source expressed confidence that Ghana would still meet next season’s target of 810,000 tons, citing expected improvements in weather conditions and increased output from rehabilitated cocoa farms.

      Ghana’s cocoa export revenue plummeted by nearly 50% year-on-year in the first four months of the year, according to central bank data released this week.

    25. 150 jobs at risk as severe rainstorm destroys 450-acre farm at Ketu North

      150 jobs at risk as severe rainstorm destroys 450-acre farm at Ketu North

      A damaging downpour that devastated a 450-acre farm in the Ketu North District of the Volta Region has put over 150 young people in danger of losing their jobs.

      The storm severely damaged Maphlix Farm, submerging over 100 acres and destroying investments worth over $1.5 million.

      As a significant agricultural employer in the region with over 200 workers, Maphlix Farm faced substantial flooding, with 150 acres of farmland underwater. Post-storm assessments revealed extensive water damage, structural issues, and the destruction of more than 20 greenhouses. Workers expressed their concerns to Citi News, fearing job losses due to the extensive damage.

      Dr. Felix Kamassah, CEO of Maphlix Trust Ghana Limited, noted that the storm’s impact could lead to employment cuts. He appealed to the government for assistance and highlighted the need for broader insurance coverage for farmers to mitigate such crises.

      Edem Agbana, the NDC’s Parliamentary Candidate for Ketu North, who was present during the news coverage, advocated for incentives to support the farm and prevent potential job losses.

    26. I do not regret being a member of Freemason for 25 years – Otumfuo

      I do not regret being a member of Freemason for 25 years – Otumfuo

      Asantehene Otumfuo Osei Tutu II has disclosed that he has been a Freemason for 25 years, coinciding with his tenure as the occupant of the Golden Stool.

      On Saturday, May 25, 2024, Freemasons from Ghana, West Africa, and around the globe gathered to honor the Otumfuo on his 25th anniversary as Asantehene.

      The attendees paid tribute to the monarch, who is recognized in the Grand Lodge as Most Worshipful Bro Otumfuo Osei Tutu II.

      This event marked two significant milestones for the Asantehene: his 25th anniversary on the Golden Stool and his 25th year as a Freemason.

      As the Grand Patron of the Grand Lodge of Ghana, Otumfuo reflected on his journey with the organization during his address.

      “Twenty-five years ago, I was initiated into Freemasonry. There is no doubt that in joining a society or club, one cannot help but wonder what benefit or restrictions await,” Otumfuo Osei Tutu II said.

      “In the case of Freemasonry, you are left to worryingly wonder more without knowing exactly what you are going to face and with no one ready to tell you what you want to know.

      “Whatever doubts or reservations might have crossed my mind, all I can say after the 25-year period is that I have no regrets on being a Freemason, experiencing what it unfolds and what it means to be called a Freemason,” he stated at the occasion that also marked the 15th anniversary of the Grand Lodge of Ghana.

      The event, held at the Bro Otumfuo Sir Agyemang Prempeh II Masonic Hall, saw members of the fraternal organization pay homage to their Grand Patron and participate in Masonic ceremonies.

      Attendees were dressed in traditional Masonic attire, including aprons and gloves, a distinctive hallmark of Freemasons.

      Notable members participating in the event included National Security Minister Albert Kan-Dapaah, Transport Minister Kweku Ofori Asiamah, Executive Chairman of Ghana Community Network Services Limited (GCNet) Dr. Nortey Omaboe, and others within the fraternal society.

      Also present were current Grand Master, Most Worshipful Bro Nana Osei Atwene Bonsu, Most Worshipful Bro Otwasuom Osae Nyampong VI, Most Worshipful Bro N/Capt Kwadjo Adunkwa Butah, and Bro Nana Kwaku Boateng III, Omanhene of New Juaben.

      Brethren from various grand lodges attended the ceremony, including the Grand Lodge of Liberia led by MWB Anthony W. Deline, the United Grand Lodge of England represented by Most Worshipful Bro Charles William Stanley-Pierre, and the Grand Master designate of the Grand Lodge in Nigeria, High Chief Osiobe Eric Okotie.

    27. McBrown, Big Akwes, others storm Kumasi to join Ellen Kyei-White mourn her late father

      McBrown, Big Akwes, others storm Kumasi to join Ellen Kyei-White mourn her late father

      Ghanaian actress Ellen Kyei-White, renowned for her roles in numerous Kumawood movies, mourns the loss of her father, Opanin Kwarteng Amaning.

      On May 25, the final funeral rites for the actress’s late father took place in Kumasi.

      The funeral brought together a multitude of her Kumawood colleagues who gathered to offer their condolences.

      The event served as a reunion for the Kumawood industry, with top Ghanaian actors such as Nana Ama McBrown, Big Akwes, Bernice Asare, and others joining Ellen Kyei-White at the funeral.

      In a video shared online, Ellen Kyei-White was seen overwhelmed with grief and joy as she interacted with Nana Ama McBrown.

      Notable figures including billionaires Osei Kwame Despite, Ernest Ofori Sarpong, and other business magnates from the East Legon executive men’s club were also in attendance at the funeral.

    28. I’m just disappointed our marriage did not work – Medikal

      I’m just disappointed our marriage did not work – Medikal

      Ghanaian rapper Medikal addressed his recent breakup with Fella Makafui in a live radio interview with Bola Ray.

      Medikal clarified that he is not heartbroken but rather disappointed by the situation.

      He shared his thoughts and emotions regarding the split, highlighting that the end of their relationship has left him feeling let down rather than shattered.

      During the interview, Medikal expressed his disappointment because something he hoped would succeed, namely his marriage with Fella, did not work out.

      “I’m not brokenhearted, I’m just disappointed that something I wanted to work out didn’t work out,” Medikal told Bola Ray.

      Watch video below:

    29. Harrysongs opens up about heartbreak and allegedly marrying into a promiscuous family

      Harrysongs opens up about heartbreak and allegedly marrying into a promiscuous family

      Nigerian musician Harrysongs has recently shared his experience of heartbreak online.

      According to him, his greatest regret was marrying into a family with a history of infidelity.

      In a video circulating online, he revealed that his wife, who lived with him, claimed to be pregnant despite not having been intimate with him for over a year.

      This revelation led him to conclude that his wife had been unfaithful and had been involved with another man outside their marriage.

      In the video he is heard saying; “My ex-wife’s mother just married her seventh or sixth husband yet she is still cheating in that marriage. That’s the kind of family I married into.

      “My wife came to inform me that she was pregnant when I stopped sleeping with her for almost a year. She was pregnant for another man inside my marriage. The only thing I did was to ask her to return to her family. I needed time to get to know her because I didn’t know who she really is. I married her because people said she was a loyal, humble and God-fearing Christian.”

      Watch the video below: