TIG Post

Author: Amanda Cartey

  • Energy Minister inaugurates New board members to revive TOR

    Energy Minister inaugurates New board members to revive TOR

    On Tuesday, March 26th, Energy Minister Dr. Matthew Opoku Prempeh presided over the inauguration of the reconstituted Board of Directors of the Tema Oil Refinery.

    The 11-member board, chaired by Mr. Leon Kendon Appenteng and led by Mr. Kofi Mocumbi Tagoe as Managing Director, has received a directive from the Minister.

    They are tasked with leveraging their expertise to spearhead efforts in attracting new strategic partners. These partners are crucial in enhancing the refinery’s viability and enabling it to adapt effectively to the dynamic challenges and opportunities of the current era.

    “The Tema Oil Refinery has a longstanding and chequered history that I am sure we are all familiar with. Indeed, two years ago this month, I had the duty of inaugurating a substantive board after and Interim Management Committee had replaced an earlier substantive board. In spite of several interventions in the past, TOR seems to remain in distress. This cannot, and must not continue,” the Minister said.

    He continued “There is enough demand in the country for what TOR’s core mandate stands for, and I urge you to see new entrants into the market more as your collaborators than your competitors per se. In that process, I urge you to be mindful that demand is not stagnant, and TOR must work hard towards becoming a viable player in this industry and to take advantage of the demand for your services.

    “Before I conclude I would want to urge TOR to make it a deliberate effort to ensure that it becomes a modern day 21st century organization centered on profit making as State-owned company supporting the government of the day.”

    The Board comprises additional members such as Dr. Antoinette Tsiboe-Darko, Mrs. Edith Sapare Grant, and Nana Akua Bakoma Prempeh. Also included are Mrs. Loraine Crabbe Ababio, Mr. Alfred Thompson, Mr. Joseph Mensah Browne, Mr. Kwame Baffor, and Mr. Herbert Ato Morrisson.

  • Make deliberate effort to revive TOR – Energy Minister tells new Board

    Make deliberate effort to revive TOR – Energy Minister tells new Board

    Energy Minister Matthew Opoku Prempeh has urged the newly appointed Board of Directors of the Tema Oil Refinery (TOR) to revitalize Ghana’s sole refinery and restore its financial viability.

    During the inauguration of the eleven-member board in Accra, Dr. Prempeh expressed concern about TOR’s ongoing financial struggles despite previous interventions. He emphasized that this situation must be addressed urgently.

    Dr. Prempeh highlighted the substantial demand within the country for TOR’s core services and encouraged the new board to view emerging market players as potential collaborators rather than direct competitors.

    “I would want to urge TOR to make a deliberate effort to ensure that it becomes a modern-day 21st-century organisation centred on profit-making as a State-owned company supporting the government of the day,” he stated.

    Furthermore, Dr. Prempeh emphasized the need for TOR to modernize its operations and operate as a profit-oriented entity aligned with the government’s objectives.

    The newly constituted board, chaired by Leon Kendon Appenteng, includes Kofi Mocumbi Tagoe as Managing Director, and members such as Dr. Antoinette Tsiboe-Darko, Edith Sapare Grant, Nana Akua Bakoma Prempeh, Loraine Crabbe Ababio, Alfred Thompson, Joseph Mensah Browne, Kwame Baffoe, and Herbert Ato Morrisson.

  • Payment of $1.2bn by development partners to lessen cedi depreciation – Finance Minister

    Payment of $1.2bn by development partners to lessen cedi depreciation – Finance Minister

    Finance Minister Dr. Mohammed Amin Adam has expressed confidence that the anticipated $1.2 billion from development partners will provide substantial support to the local currency against major trading currencies.

    He emphasized that the disbursements from key development partners like the International Monetary Fund (IMF), the World Bank, and the African Development Bank (AfDB) will play a significant role in enhancing the stability of the local currency.

    Dr. Amin Adam made these remarks during the Finance Ministry’s inaugural monthly press briefing held on Tuesday, March 26, in Accra. He attributed the recent depreciation of the Ghana cedi to a combination of domestic and international factors, noting that the currency is currently trading at GH¢12.8 to a dollar.

    According to the minister, international factors, particularly the strength of the United States dollar against major trading currencies, have contributed to the depreciation of the local currency.

    In addition to international factors, Dr. Amin Adam identified local factors exacerbating the depreciation, including payments by the energy and corporate sectors, as well as delays in the disbursement of the cocoa loan, which have intensified pressure on the local currency.

    Despite these challenges, the minister highlighted various interventions that have helped mitigate the impact of depreciation. These interventions include inflows from remittances, contributions from mining companies, and the Bank of Ghana’s (BoG) local gold purchases.

    Dr. Amin reiterated that the planned disbursements for ongoing infrastructure projects will further reinforce the local currency, providing additional support to stabilize it.

    “To further stabilise the currency, we are expecting a total disbursement of about $1.2 billion from our Development Partners namely the IMF, the World Bank, and the African Development Bank before the end of 2024,” he assured.

  • Ethiopia experiencing nationwide power outage due to faulty systems

    Ethiopia experiencing nationwide power outage due to faulty systems

    Ethiopia’s state-run power company has reported a widespread electricity blackout affecting large portions of the country due to unspecified “issues in our system”.

    Ethiopian Electric Power did not provide details regarding the nature of the issues but stated on its Facebook page that an investigation is underway to determine the cause of the outage.

    The power problem has impacted all regions of the country, with the exception of Bahir Dar, situated in the north-west, and its surrounding area. The blackout began around 15:40 local time (12:40 GMT).

    In a separate announcement, the company confirmed that restoration efforts have commenced in the capital city, Addis Ababa, and some other areas of the country several hours after the initial outage occurred.

  • Russian navy warship arrives in Eritrea amid regional tension

    Russian navy warship arrives in Eritrea amid regional tension

    A Russian navy warship, the Marshal Shaposhinkov, made a notable arrival at Eritrea’s primary Red Sea port of Massawa amidst regional tension stirred by Iran-backed Houthi militants.

    Senior Eritrean military officials and dignitaries greeted the vessel upon its docking on Thursday, alongside Russia’s ambassador to Eritrea.

    Eritrea’s Minister of Information, Yemane Gebre Meskel, revealed that the frigate belongs to Russia’s Pacific Fleet, clarifying that its presence marked the “30th anniversary of diplomatic ties between Russia and Eritrea”.

    Amid concerns over Houthi attacks, a US naval task force patrols the Red Sea and Gulf of Aden to safeguard commercial and military vessels navigating the critical trade route.

    Eritrea, historically wary of Western military presence in the region, has recently strengthened its relationship with Moscow.

    Houthi militants, controlling northern Yemen, have targeted ships in the Red Sea amid conflict in Gaza, aligning themselves with the “axis of resistance” against Israel. Despite claims of targeting Israeli-affiliated vessels, they’ve attacked others unrelated to Israel.

    In January, US and British warships launched strikes against Houthi positions in response to their missile and drone assaults.

  • Ex Liberian VP highlights challenges facing young women in West Africa

    Ex Liberian VP highlights challenges facing young women in West Africa

    Former Vice-President Jewel Howard Taylor of Liberia emphasized the obstacles encountered by young women in West Africa, including poverty, early pregnancy, and harmful cultural traditions.

    She made these remarks at the commencement of the West Africa Adolescent Girls Summit held in Monrovia, Liberia. The summit convened 200 adolescent girls and boys from across the region, along with government representatives.

    While acknowledging some progress, Mrs. Taylor expressed hope that the young attendees would be motivated to effect change in their respective communities.

    Ame Atsu David, the regional co-director for Africa at the Global Fund for Children, highlighted the tendency to exclude young people from decision-making processes due to perceptions of inexperience or apathy.

    Former Nigerian First Lady Aisha Buhari, in a recorded video message for the summit, underscored the significant challenges facing young women and girls, particularly due to traditional religious norms.

    She cited “religious misconceptions” as barriers to girls’ access to formal education, often relegating them to domestic roles.

  • Air pollution crisis grips Nigeria, South Africa, and Egypt through power sector

    Air pollution crisis grips Nigeria, South Africa, and Egypt through power sector

    According to a recent report by environmental NGO Greenpeace, Nigeria, South Africa, and Egypt are experiencing the highest levels of air pollution in Africa.

    These countries have also recorded a significant number of the continent’s nearly one million annual air pollution-related deaths.

    The report highlights that exposure to air pollution is the second leading risk factor for death in Africa.

    South Africa, in particular, has been identified as a major air polluter on the continent, with high associated health risks.

    The country is home to two of the world’s largest and six of Africa’s biggest nitrogen dioxide emission hotspots.

    Of particular concern are the thermal power stations in South Africa, operated by state power provider Eskom, which are among the world’s 10 largest sulphur dioxide emission points.

    This contributes significantly to the country’s air pollution levels.

    “The pollution from coal plants like those operated by Sasol in our region has not only tarnished our health, leading to failed health assessments and chronic diseases… but it has also clouded our future, leaving us jobless as companies opt to hire from outside, citing our unfitness for work, ” Fana Sibanyoni, an activist from the coal-rich Mpumalanga province.

    The region’s multiple coal mines and coal-fired power stations have been linked to extreme air pollution levels.

  • 6 fatalities recorded as Cyclone struck northern Madagascar

    6 fatalities recorded as Cyclone struck northern Madagascar

    A cyclone struck northern Madagascar on Wednesday, resulting in at least six fatalities and the displacement of 2,000 individuals from their homes.

    Local sources indicate extensive flooding, causing substantial damage to roads and bridges.

    The disaster management authority (BNGRC), cited by AFP news agency, reports a death toll of 11 from Cyclone Gamane. Of these, six drowned, while others were killed by falling trees or collapsing houses.

    Gen Elack Andriakaja, BNGRC director-general, described the cyclone’s unusual stationary movement, stating, “It’s rare to have a cyclone like this.

    Its movement is nearly stationary. When the system stops in one place, it devastates all the infrastructure. And that has serious consequences for the population.”

  • Government, partners to shut down Jubilee Field

    Government, partners to shut down Jubilee Field


    The Minister of Energy, Dr. Matthew Opoku Prempeh, has finalized an agreement with various partners for the decommissioning of the Jubilee Field.

    This agreement, signed on Monday, March 25, 2024, includes the establishment of a Jubilee Field Decommissioning Fund.

    Representatives from the Ministry of Finance, Bank of Ghana, Petroleum Commission, Tullow Oil Ltd, Kosmos Energy, Petro SA, and the Ghana National Petroleum Corporation (GNPC) were present to witness the signing.

    In her welcome address, the Chief Director of the Ministry, Wilhelmina Asamoah, acknowledged the challenges faced along the way but emphasized that the stakeholders remained focused on realizing this significant milestone in the Jubilee Field decommissioning process.

    Dr. Matthew Opoku Prempeh, in his keynote address, emphasized that the successful establishment of the fund and the fulfillment of obligations by the contractor parties and trustee would ensure the availability of adequate measures for decommissioning the Jubilee Field at the end of its operational life.

    He stated, “This will address environmental, health, and safety concerns and facilitate the restoration of lands affected by petroleum operations conducted in the Jubilee Field.”

    The minister also expressed gratitude to all those who have played various roles in this important journey so far.

    In 2019, Tullow Ghana Limited informed the Ministry of Energy of the need to initiate the fulfillment of the Conditions Precedent for establishing the Jubilee Decommissioning Trust Fund, as stipulated in the Unitisation and Unit Operating Agreement (UUOA).

    It is estimated that the total abandonment or decommissioning cost of Jubilee wells, subsea infrastructure, and FPSO in a fully developed Greater Jubilee will amount to approximately US$704 Million.

    Therefore, the fund aims to provide the resources required to cover the decommissioning obligations of the Contractor Parties and ensure their provision of sufficient security towards their liability for decommissioning costs.

    The appointment of the Bank of Ghana as trustee for the Decommissioning Fund is seen as a crucial precedent for decommissioning procedures in all other producing fields in Ghana.

    “As stewards of state institutions and industry entities, we bear the responsibility to ensure the restoration of affected lands at the conclusion of the exploration and production life of an oil field, and this ceremony,” he said.

  • Dr. Joseph O. France appointed advisor of UMB bank to monitor its recapitalization efforts

    Dr. Joseph O. France appointed advisor of UMB bank to monitor its recapitalization efforts

    Bank of Ghana has appointed an advisor in the person of Dr. Joseph O. France to oversee the recapitalization efforts of Universal Merchant Bank Limited, commencing from March 25, 2024.

    According to a statement released by the Central Bank, Dr. France will offer guidance to UMB’s management in supervising the implementation of governance reforms agreed upon by UMB and the Bank of Ghana.

    This appointment aligns with section 101(1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).

    “The Advisor will be at post at UMB until otherwise advised by the Bank of Ghana and will furnish the Bank of Ghana with a status report on the bank as frequently as the Bank of Ghana may require,” the statement said.

    “It is important to note that an Advisor, unlike an Official Administrator, does not take over the powers, responsibilities, and duties of the bank’s shareholders, directors, or management. Under Act 930, the Advisor may attend meetings of the Board of Directors or Committees of the bank without voting at such meetings,” it added.

    Nonetheless, the BoG gave UMB’s clients and depositors the reassurance that the financial institution is still operational and run by the management group of UMB.

    The Central Bank went on to say that it is still dedicated to fostering a stable and resilient banking industry that continues to enjoy the public’s trust.

    Press-Release-on-Universal-Merchant-Bank-LTD-26032024Download
  • Economy of Ghana to be in jeopardy if anti-gay bill becomes law – US Professor

    Economy of Ghana to be in jeopardy if anti-gay bill becomes law – US Professor

    A Democracy Scholar based in the United States at the Hoover Institute and Stanford University, Professor Larry Diamond, has issued a warning about severe economic repercussions if Ghana approves the controversial anti-LGBTQ+ bill.

    He cautioned that enacting the bill into law could lead to dire economic consequences for Ghana and negatively impact the investment climate.

    During an interview on Accra-based Citi TV’s Point of View program, Professor Diamond, who is based in the US, elaborated that foreign investors might impose significant restrictions on Ghana if the country is seen as infringing on the rights of a minority group.

    Additionally, he argued that passing the bill into law could deter potential investors who are considering investing in the country.

    “I would remind people of what some friends of Ghana have been saying. This act will be a disaster for Ghana economically [if assented into law]. Because Western companies are not going to come and invest in a country that is pummeling minority rights,” the US-based Professor said.

    “The extreme religious rights have failed to achieve this religious agenda in the United States. And so now they are coming to Africa to try and push the agenda. People who complain about neo-colonialism? Shouldn’t they be asking questions about this?” Professor Diamond questioned.

    Meanwhile, the Ministry of Finance has detailed the potential economic consequences of enacting the anti-LGBTQ+ bill into law. In a recent memorandum, the Ministry stated that Ghana could face a loss of approximately US$3.8 billion in funding over the next five to six years.

    Furthermore, the Ministry advised the President to postpone signing the anti-gay bill into law, highlighting a series of economic repercussions that could jeopardize the progress made in restoring macroeconomic stability.

  • 15 countries with highest inflation rates globally

    15 countries with highest inflation rates globally


    Inflation, a widely discussed economic concept worldwide, refers to the increase in prices over a specific period. It reflects the overall rise in the cost of living or the price escalation of particular goods and services.

    Whether observing the surge in grocery prices or the rise in housing expenses, inflation indicates the extent to which purchasing power diminishes over time, typically measured on an annual basis.

    Government agencies utilize various methods to measure inflation, often relying on consumer price indices (CPIs) to monitor changes in the cost of a predetermined basket of goods and services.

    The CPI basket typically includes items commonly purchased by households, with housing expenses frequently being the largest component.

    By comparing the cost of this basket over time, relative to a base year, analysts calculate the consumer price inflation rate, a widely recognized measure for tracking inflation.

    Core consumer inflation, a subset of this analysis, focuses on persistent inflation trends by excluding government-regulated prices and the more volatile costs of items like food and energy.

    Core inflation provides policymakers with valuable insights into underlying economic trends, free from temporary supply disruptions or seasonal fluctuations.

    For a broader view of inflation, economists turn to indices like the GDP deflator, which encompasses a wider range of economic activities beyond consumer spending.

    High inflation drivers

    High inflation often stems from loose monetary policies, where an excessive increase in the money supply outpaces economic growth, eroding currency value and driving up prices—a principle known as the quantity theory of money.

    Additionally, supply or demand shocks can fuel inflationary pressures.
    Supply disruptions, like natural disasters or spikes in production costs, can trigger “cost-push” inflation, while demand surges or expansionary fiscal and monetary policies may lead to “demand-pull” inflation by straining production capacity.

    Nairametrics has compiled a list of the top 15 countries with the highest inflation rates in the world as at February 2024.

    15. Myanmar Inflation rate: 28.58%

    Myanmar’s inflation rate surged to 28% in the second quarter of 2023, up from 27.5% in the previous quarter. Over the period from 1998 to 2023, the country’s inflation averaged 13.16%. Notably, it hit an all-time high of 54.02% in the fourth quarter of 2002 and reached a record low of -1.09% in the fourth quarter of 2011.

    14. Cuba Inflation rate: 31.34%

    Cuba’s annual inflation rate declined to a 18-month low of 31.34% in December 2023, down from 31.78% in November and 34.13% in the preceding month. The country’s inflation rate averaged 28.14% from 2005 to 2023. Notably, it peaked at 77.3% in December 2021 and hit a record low of 0.8% in December 2008.

    Nigeria Inflation rate: 31.7%

    In February 2024, Nigeria witnessed a surge in its annual inflation rate, reaching a new high not seen since 1996, at 31.7%. This marked an increase from 29.9% recorded in January and surpassed market expectations of 31%.

    The spike was primarily attributed to the removal of oil subsidies and the devaluation of the Nigerian naira. Following the liberalisation of the foreign exchange market in June 2023, the naira depreciated by 69% by mid-February 2024. Consequently, import costs surged, profoundly impacting Nigeria’s import-dependent economy.

    Malawi Inflation rate: 33.5%

    In February 2024, Malawi’s annual inflation rate stood at 33.5%, showing a decrease from the 35% reported in January 2024. Notably, food and non-food inflation rates were recorded at 42% and 22.1%, respectively.

    Egypt Inflation rate: 35.7%

    In February 2024, Egypt’s annual urban inflation rate surged for the first time in five months, reaching 35.7%. This marked a notable increase from January’s 12-month low of 29.8% and exceeded forecasts of 25.1%.

    It represented the highest inflation rate since October, driven by steep increases in food prices by 50.9%, transport by 17.6%, and housing by 10%. The rise followed the government’s decision to hike Cairo metro ticket prices by up to 20% in January, along with increases in internet services by 33% and electricity prices by 26%.

    Iran Inflation rate: 35.8%

    In February 2024, Iran’s point-to-point inflation rate declined to 35.8% from 38.5% in the previous month. This decrease marked the lowest inflation rate since April 2022. Notably, food prices experienced the smallest increase since September 2020, rising by 31.6% compared to 38.9% in January.

    Congo Inflation rate: 46.8%

    The inflation rate in Congo rose to 46.8% in December 2023, up from 45.8% in November of the same year. The average inflation rate in Congo from 1999 to 2023 stood at 23.22%. Congo experienced its highest inflation rate of 511.21% in December 2000 and its lowest of 1.35% in April 2013.

    Sierra Leone Inflation rate: 47.42%

    In January 2024, the inflation rate in Sierra Leone dropped to 47.42% from 52.16% in December 2023. Over the period from 1986 to 2024, the average inflation rate in Sierra Leone was 28.14%. Sierra Leone’s highest inflation rate of 255.56% was recorded in April 1987, while its lowest was -21.76% in January 2000.

    Zimbabwe Inflation rate: 47.6%

    In February 2024, Zimbabwe’s annual inflation rate surged for the fourth consecutive month, reaching 47.6%, the highest level in over a year, up from 34.8% in the previous month. This increase in inflation is primarily attributed to the ongoing depreciation of the Zimbabwean dollar against the US dollar.

    Sudan Inflation rate: 63.3%

    Sudan’s inflation rate declined to 63.3% in February 2023 from 83.6% in January of the same year. The average inflation rate in Sudan from 1971 to 2023 stood at 69.5%, with the highest recorded at 422.78% in July 2021 and the lowest at -1% in December 1979.

    Turkey Inflation rate: 67.07%

    In February 2024, Turkey’s annual inflation rate climbed to 67.07%, up from 64.86% in the preceding month, surpassing market expectations of 65.74%. This marked the highest level since November 2022, primarily fuelled by a significant increase in the minimum wage and government tax adjustments.

    Venezuela Inflation rate: 75.9%

    In February 2024, Venezuela’s inflation rate declined to 75.9% from 107.4% in January of the same year. Venezuela’s inflation rate has averaged 3605.78% since 1973, with a record high of 344509.5% in February 2019 and a record low of 3.22% in February 1973.

    Lebanon Inflation rate: 123%

    In February 2024, Lebanon experienced a decrease in its annual inflation rate, which fell to 123.2% from 177.3% in the previous month. This decline marked the lowest inflation rate since December 2022. The reduction was primarily attributed to softer increases in housing and transport prices, while food prices saw the smallest rise in nearly four years.

    Syria Inflation rate: 140%

    Syria’s inflation rate dropped to 139.6% December 2023 from144.6% in November of the same year. Over the period from 1957 to 2023, the average inflation rate stood at 16.09%. The highest recorded inflation rate was 188.4% in March 2021, while the lowest was -31.05% in September 2014.

    Argentina Inflation rate: 276%

    In February 2024, Argentina’s inflation rate rose to 276.2% from 254.2% in January of the same year. Over the period from 1944 to 2024, the average inflation rate stood at 189.97%. The highest recorded inflation rate was 20262.8% in March 1990, while the lowest was -7% in February 1954.

  • Recovering Kuami Eugene expresses gratitude to fans after accident

    Recovering Kuami Eugene expresses gratitude to fans after accident

    To confirm his survival, Kuami Eugene has provided an update on his current health status via social media.

    After a week of silence, during which doubts arose regarding his survival following the tragic motor accident, the Highlife musician has shared pictures showing his steady recovery.

    Accompanying the photos is a message expressing gratitude: “I want to say thank you to God, My family, the staff of UGMC, and all of you for your prayers, your positive thoughts, and your acts of kindness. The support and love that I received have been breathtaking and beyond my expectations.”

    Notably, the ‘rockstar’ is seen in a hospital bed with his recording equipment nearby.

    Despite his condition, Eugene appears to be working on a song, surrounded by his keyboard, mixer, laptop, and other gadgets.

    Background

    On Sunday, March 17, 2024, at around 11:30 p.m., Kuami Eugene crashed his car into the rear of a tipper truck near the Achimota Overhead, CP.

    A car was scheduled to take him and the other passenger to the University of Ghana Medical Center (UGMC), according to a reporter on the scene.

    Doctor leaks Kuami Eugene’s health records

    Dr. Amina Haarun, a medical practitioner, faced a three-month suspension from her duties after she disclosed Kuami Eugene’s health status without authorization.

    Her suspension ensued from her action of informing netizens about Kuami Eugene’s condition, which led to widespread criticism.

    In her social media post, she divulged that the musician was hospitalized and requested followers to pray for him, breaching patient confidentiality protocols.

    Dr. Amina Haarun, likely affiliated with the medical facility where Kuami Eugene received treatment, has expressed regret for her conduct and issued an apology.

  • GRA harassing businesses in its revenue mobilisation exercise – Traders Advocacy Group Ghana

    GRA harassing businesses in its revenue mobilisation exercise – Traders Advocacy Group Ghana

    The Traders Advocacy Group Ghana (TAGG) has come to the defense of Vice President Dr. Mahamudu Bawumia’s recent criticisms against the Ghana Revenue Authority (GRA), asserting that the authority has unfairly targeted local businesses in its tax collection efforts.

    In a press release issued on March 27, 2024, TAGG supported Bawumia’s statements, alleging that the GRA’s revenue collection initiatives have led to what they describe as the “harassment” of businesses nationwide.

    TAGG accused the GRA of employing tactics that pose a threat to the survival of local businesses.

    Key concerns include allegations of extortion and harassment by GRA officials, particularly through the deployment of task forces to monitor traders and seize goods and cargo post-clearance at ports.

    Moreover, TAGG asserts that traders often face unjust tax evaluations and are required to pay amounts that surpass their capital for taxes they do not fully understand.

    “We, members of the Traders Advocacy Group Ghana (TAGG) wish to affirm the statement made by His Excellency Dr. Mahamudu Bawumia, the Vice President of the Republic, that the Ghana Revenue Authority (GRA) has been harassing businesses in its revenue mobilisation drive.

    “The Vice President, in our view, couldn’t have said it any better because his pronouncement is a true reflection of daily happenings in the business community. And the statement Traders Advocacy Group Ghana (TAGG) has issued before.

    “We, therefore, find the statement released by the Ghana Revenue Authority Workers Union (GRAWU) of the GRA which seeks to rebut the assertion of the Vice President most unfortunate and misleading to the trading public,” part of the press statement, which was signed by President of the group, Kwdwo Amoateng said.

    Furthermore, they underscore GRA officials’ intrusive conduct, such as stationing themselves at shops to oversee customer flow, contending that this discourages potential customers and undermines business sustainability.

    TAGG has urged pertinent stakeholders, including the GRA, to promptly address these concerns, stressing the imperative for a tax system that is conducive to business growth, fostering both revenue generation for the state and the development of local enterprises.

    “As members of the business community who have been victims of the incessant harassment by the GRA over the years in the name of collecting revenue for the State, we deem it necessary to put out the facts and chastise GRAWU for debunking what is the obvious truth.

    “To help Ghanaians appreciate the level of frustration we continue to suffer at the hands of the officials of GRA, we wish to state some of our concerns as follows;

    “Extortion and harassment by GRA officials: So many task forces are deployed to monitor traders when GRA could leverage on cutting-edge systems,” the statement added.

    This announcement is issued in direct response to a statement issued by the Ghana Revenue Authority Workers Union (GRAWU), which aimed to contest the Vice President’s claims.

    PRESS-RELEAS-GRAWUDownload


  • BoG recieves $300m from World Bank to support infrastructural projects

    BoG recieves $300m from World Bank to support infrastructural projects

    The $300 million World Bank funding earmarked for various projects in 2024 has been successfully deposited into the Bank of Ghana’s (BoG) account.

    This transfer follows Ghana’s fulfillment of all prerequisites, including approval from both Cabinet and Parliament, facilitating the release of the funds to the nation.

    As of this morning, March 27, 2024, Joy Business reports that the transfer has been completed. The BoG is now tasked with converting the funds into cedi and distributing the equivalent amount to relevant government agencies and ministries.

    The “Foreign Exchange” portion of this funding could significantly bolster the Bank of Ghana’s international reserves. Recent data from the Bank of Ghana indicates that its Gross International Reserves surpassed $6 billion as of February 2024.

    During a recent media engagement, Finance Minister Dr. Mohammed Amin Adam stated that the government anticipates receiving approximately $1.2 billion from various development partners by the year’s end.

    Impact on Economy

    This disbursement will accelerate the progress of several infrastructure projects outlined in the 2023 Budget that were previously delayed due to the late arrival of financial support from Ghana’s donors.

    The World Bank was initially scheduled to disburse this funding late last year. However, delays in Ghana’s negotiations with bilateral creditors impacted the approval of the $300 million loan.

    These inflows are anticipated to mitigate the depreciation of the cedi. This is because they may signal to the international market that the Central Bank is now better equipped to stabilize the local currency.

    Focus of this facility

    The disbursement of this $300 million Development Policy Financing, the first in a series of three is for crisis response and resilience in Ghana. Its objectives are to:

    1) Restore fiscal sustainability;

    2) Support financial sector stability and private sector development;

    3) Improve energy sector financial discipline; and

    4) Strengthen social and climate resilience.

    It is expected to strengthen domestic revenue mobilisation, control expenditures, safeguarding financial sector stability, removing barriers to private investment, setting the energy sector on a sounder financial and operational footing, strengthening the country’s social protection system, and mainstreaming climate adaptation and mitigation across policies.

    Background

    This funding is a portion of the overall financial assistance Ghana received through the IMF program established in May 2023. To date, the IMF has provided Ghana with approximately $1.2 billion under the program.

    The World Bank describes the First Resilient Recovery Development Policy Financing as a crucial contribution from its International Development Association. This support aims to facilitate Ghana’s economic recovery and promote resilient and inclusive growth.

    In January 2024, the World Bank approved this initiative following an agreement in principle by the Official Creditors’ Committee under the G20 Common Framework regarding key parameters for Ghana’s proposed debt restructuring.

    This agreement, aligned with the Joint World Bank-International Monetary Fund Debt Sustainability Framework, marks a significant step toward restoring Ghana’s debt sustainability.

  • 22 government taxes, levies contributes to port charges – GPHA Director

    22 government taxes, levies contributes to port charges – GPHA Director

    The Ghana Ports and Harbours Authority (GPHA) has denied allegations of imposing exorbitant port charges.

    Michael Luguji, the Director General, clarified that the GPHA is responsible for approximately 10% of the total fees and levies collected at the ports.

    During a meeting with the Minister of Finance, Dr. Mohammed Amin Adam, and his team, Mr. Luguji advocated for a thorough evaluation and adjustment of the port clearing system to alleviate the financial strain on importers.

    “Whenever a typical invoice is raised from the port, then the agency that comes to mind is the GPHA which everyone knows as the Authority that handles port stuff. However, when you study the invoice carefully, there are custom duties, levies, and other government agency charges which cannot be attributed to GPHA in any way”.

    “Counting the number of levies and taxes, I can see about 22 government taxes or levies on the invoice of an importer and this is a challenge because we did a research which indicates that our contribution to that entire cost of clearing is less than 10%”, he added.

    The purpose of the Finance Minister’s and a few Ministry representatives’ visit was to give direct insight into the ports’ workings.

  • Unstable exchange rates making it expensive to pay claims – Ghana Insurers Association

    Unstable exchange rates making it expensive to pay claims – Ghana Insurers Association

    The Ghana Insurers Association disclosed that the volatile exchange rate situation has impacted the settlement of certain claims for policyholders.

    In response, the Association’s President, Seth Aklasi, emphasized the need for increased awareness programs among insurers regarding claims settlements to foster ongoing growth in the industry.

    Addressing attendees at the media and NIC Insurance Dialogue, Mr. Aklasi stressed the importance of collaborative efforts among stakeholders in driving sectoral development.

    “We have more challenge with the economic circumstances which you cannot control, the depreciation of the cedi that makes it way expensive and it’s very challenging”.

    “We need to continue engaging people to support the sector because it is critical to the sector”, he mentioned.

    Despite the economic downturn, Mr. Aklasi claimed that the industry has improved over time.

    “I’m sure the Industry has seen some improvement and as a result, we need to keep pushing to expand coverage”, he added.

    Fitch Solutions predicts that Ghana’s insurance sector will experience significant growth in both life and non-life insurance segments, with double-digit rates expected over the medium term.

    Despite this growth, overall insurance penetration is anticipated to stay at 1.0% due to a general lack of awareness among the population regarding the advantages of life and non-life insurance coverage.

    However, Fitch Solutions notes that Ghana’s insurance industry remains relatively undeveloped. Nonetheless, they highlight promising investment prospects in both life and non-life insurance segments over the medium term.

    This optimism is fueled by factors such as the country’s rapidly expanding economy, declining interest rates, and strong consumer and business expenditure.

  • Investigate Funny Face’s doctor – Socrate Safo urges Ghana Medical Association

    Investigate Funny Face’s doctor – Socrate Safo urges Ghana Medical Association

    Veteran film producer and director Socrate Safo is urging the Ghana Medical Association (GMA) to investigate the doctor responsible for comedian Funny Face’s care during his struggle with mental health issues at the Psychiatric Hospital.

    Safo asserts that it is the duty of the attending medical professional to provide recommendations after treating the comedian’s mental health issues, including precautions he should observe.

    He contends that if the doctor neglected to advise against Funny Face driving, they should be held responsible for any consequences, as it suggests the comedian had not fully recovered.

    During an interview with Okay FM, which was monitored by GhanaWeb, Safo emphasized that he does not attribute Funny Face’s accident to the comedian himself, but rather to the medical professionals involved in his care.

    “I will not blame the whole problem on Funny Face but I will blame it on the system. Because once you are taken to the hospital and you have a certified doctor who treats and diagnoses you, there are some recommendations he/she has to make.

    “There are things that by law you have to do; one is, if you are a driver, you shouldn’t drive again because it [mental issues] could come at any time and you can’t control it. If we don’t have that report, then the Ghana Medical Association (GMA) should question the doctor who handled him,” he said.

    About Funny Face’s accident

    Funny Face was involved in a gory accident at Kasoa, located in the Central Region.

    He was said to have knocked down five people at a place known as Kakraba Junction.

    Among the victims were a mother and her two children and two other motorcyclists whom he hit after the impact.

    On March 24, 2024, reports indicated that he was intoxicated and driving at excessive speed resulting in the incident.

    Accra-based UTV posted a video from the scene showing Funny Face being led away while others swarmed the vehicle that he was reportedly driving in.

    He has been embroiled in a messy relationship issue in recent years with his baby mama, which the issues led a court to refer him for psychological evaluation.

    He is also on record to have admitted to battling depression at a point.

    In recent rants, he attacked his baby mama on social media, accusing her of scheming to take their three children away from him forever.

    Watch the video below

  • Movement for Change youth leader urges young people to be confident in Alan Kyerematen

    Movement for Change youth leader urges young people to be confident in Alan Kyerematen

    Youth Leader of the Movement for Change, Duke Aaron Sasu, a fresh political initiative in Ghana, has encouraged Ghanaian youth, particularly those in tertiary institutions, to embrace and trust in the principles and aspirations of the movement.

    Speaking at the inauguration of the Kwame Nkrumah University of Science and Technology (KNUST) chapter of the Movement in Kumasi, Sasu, who also serves as the Spokesperson of the Movement, emphasized the significance of the ‘Great Transformational Plan,’ a developmental agenda aimed at enhancing the socio-economic prospects of the nation.

    He underscored the pivotal role of youth in the Movement’s agenda for national transformation, urging them to align themselves with the leadership of Alan Kwadwo Kyerematen to steer the country towards progress, particularly for the benefit of the youth.

    Formed by Alan Kyerematen, former Minister for Trade and Industry in President Nana Addo Dankwa Akufo-Addo’s administration, the Movement for Change aims to propel Ghana towards accelerated growth by efficiently managing its human and natural resources to effect transformation.

    The Movement believes that with effective leadership, Ghana possesses the necessary resources to create jobs and wealth, thereby alleviating poverty.

    Sasu stressed the importance of embracing the ideologies of the Movement, suggesting that they offer solutions to the years of economic mismanagement, which have led Ghana to seek financial assistance from the International Monetary Fund (IMF) on multiple occasions since independence in 1957.

    He expressed optimism about the future of the country under credible leadership, citing the proven leadership qualities of the Movement’s founder, Kyerematen, who is leading the Movement in the upcoming presidential race in the December General elections.

    Sasu argued that the two dominant political parties in Ghana, the NPP and the NDC, which have governed the country for the past three decades, have fallen short.

    He called for a departure from the country’s political duopoly and advocated for new leadership to drive transformation and sustainable growth.

    Sasu highlighted the Movement’s intention to establish a strong presence in universities and urged the KNUST wing to champion the founder’s vision, recognizing that the future of the nation lies with the youth.

    He tasked the ‘Yellow Army’ to fully grasp the philosophy of the founder’s Great Transformational Plan (GTP) as exemplary ambassadors.

    Meanwhile, a notice shared on the Movement’s social media platforms indicates that the University of Cape Coast and University of Education, Winneba, chapters will be inaugurated in the coming days.

  • Video: Akuapem Poloo angrily breaks windscreen of musician in heated argument

    Video: Akuapem Poloo angrily breaks windscreen of musician in heated argument

    Amid on-going Ramadam, Social media influencer, Akuapem Poloo finds herself entangled in trouble as she takes matters into her own hands, smashing the windscreen of a Benz.

    In a circulating video on social media, the Ghanaian actress, who recently converted from Christianity to Islam, is depicted engaged in a heated altercation with Theo Vesachi, a burgeoning Ghanaian artist.

    The footage captures the two engaged in a quarrel over a Benz parked at a residence. “Theo, you are not going!” she screams before grabbing a metal object to shatter the car’s windscreen. Shortly after, some tenants intervene to restrain Poloo from inflicting further damage.

    Given that there has never been any known relationship between the musician and the actress, the video comes as a shock to many.

    Consequently, some fans have begun to doubt the authenticity of the events depicted in the video.

    “Make she take hit the sunroof or headlight that one we will know is not mind games cos the screen she break no dey reach 25k,” an Instagramer said with another adding that “When you don’t have content or you became a celebrity with no talent you resort to clout chasing just to trend.”

    Watch the video below

  • Sarkodie criticizes gov’t over dumsor affecting newborns in hospitals

    Sarkodie criticizes gov’t over dumsor affecting newborns in hospitals

    Michael Owusu Addo, known as Sarkodie, has weighed in on the recent power outages and their detrimental effects, particularly on healthcare services in the country.

    He characterized the situation as a result of “misplaced priorities” by those in authority, in response to a viral video depicting a power outage at the Tema General Hospital.

    Following the circulation of a video showing healthcare workers and mothers struggling to care for babies in darkness using phone lights, there has been increasing criticism of the government led by Nana Addo Dankwa Akufo-Addo.

    Sarkodie shared the video on his Instagram story on March 27, 2024, less than 24 hours after it gained widespread attention, with the caption,”The Impact when we misplace priorities. we pray for these innocent babies.”

    In the most recent footage from the hospital, several mothers can be seen using cloths to fan their babies to alleviate the heat in the wards following a power outage.

    According to reports from Accra-based GHOne TV, a newborn is reported to have passed away due to the inconsistent power supply situation at the facility.

    “Erratic power cut on Tuesday evening plunged the neonatal unit of Tema General Hospital into chaos, resulting in the heartbreaking loss of a newborn,” the channel posted on social media on March 27, 2024.

    “The neonatal unit, where infants requiring intensive care are housed, relies heavily on electricity to sustain life-saving equipment such as oxygen support and emergency care devices. The generator intended to provide backup power for the unit is prone to shutting down when overloaded,” their post added.

    At the time of this report’s filing, GhanaWeb was unable to reach hospital authorities to verify this assertion.

    Requests for a power outage schedule from the Electricity Company of Ghana (ECG) have been rejected by both the utility provider and the Minister of Energy.

    Minister Matthew Opoku Prempeh’s statement that individuals seeking a timetable should create their own has sparked significant criticism online, despite the ministry’s clarification that the remarks were misunderstood.

  • Children will still discover bad behaviours hidden from them – Kelvynboy

    Children will still discover bad behaviours hidden from them – Kelvynboy

    Kelvynboy contends that parents bear the responsibility of shielding their children from negative influences emanating from public figures.

    He emphasized this viewpoint while expressing his belief that“in these modern days, no one shows children these [so called bad] things. You may hide it from them and they will discover it themselves and also hide it from you. Therefore, if you allow your kid to move [behave] like me, that’s your loss.”

    When questioned about how he navigates his smoking habits at home, particularly as a father of three, Kelvynboy responded,

    “When it [what I smoke] falls from my hand, they go, pick it up and place it where it was before because, to them, it is daddy’s medicine.”

    He however, claimed that it has been a while he came into contact with such substances adding that in the meantime, “I’m releasing my songs.”

    Expressing his perspective on the anti-LGBTQ+ bill, the Vero hitmaker lamented,  “They want to legalize what is rather sin instead of what we smoke.”

  • Senegal’s president-elect declares 2 houses, 2 cars, 2 bank accounts assets 

    Senegal’s president-elect declares 2 houses, 2 cars, 2 bank accounts assets 

    Bassirou Diomaye Faye, Senegal’s president-elect, is set to assume office in April following his victory in the presidential election held on March 24.

    Initially entering the race as the primary opposition candidate, Faye stepped into the spotlight after his predecessor, the widely admired Ousmane Sonko, was disqualified by the courts due to prior convictions for serious offenses.

    On March 22, 2024, just two days before the election, Faye took a bold step by publicly disclosing his full assets on his official Facebook page and challenged the other 18 contenders to follow suit. However, according to GhanaWeb’s investigations, none of them accepted the challenge.

    According to the disclosed information, Faye accumulated two houses during his tenure in public service, along with ownership of two second-hand cars. Additionally, he maintained two bank accounts and resided in a self-built house. The document further revealed his involvement in farming and acknowledged his main debt to a friend who provided a loan for investment in his farm.

    At 44 years old, Faye has garnered praise from many social media users for his transparency even before assuming office, succeeding outgoing president Macky Sall. He has affirmed his commitment to submitting the document to the Constitutional Court as required by law upon assuming office.

    See the French and English translation of his declaration form below:

  • Kumasi traders recording poor sales ahead of Easter celebrations

    Kumasi traders recording poor sales ahead of Easter celebrations

    Traders in Kumasi’s Central Business Districts are expressing concerns about sluggish sales leading up to the Easter celebrations.

    Despite the approaching festivities, traders at Adum, Kejetia, and Racecourse markets report subdued sales, contrary to the usual bustling activity seen during this period.

    In interviews conducted by OTEC News reporters Nancy Boamaah and Juliet Tetteh on Tuesday, March 26, 2024, traders lamented that the sluggish sales were negatively impacting their profit margins.

    They attributed the lackluster sales to the ongoing Ramadan observed by Muslims in the country, noting that many of their customers were fasting during this time.

    Additionally, they cited the current state of the economy as another contributing factor to the sluggish sales across various markets.

    “With Easter approaching, one would expect to see customers busily purchasing goods such as fowl, rice, eggs, yam, and vegetables, among others, for the celebration at various market centres, but we are not seeing that,” Abena, a trader at Adum, said.

  • “Akufo-Addo doesn’t have the courage to say his position on anti-gay bill” – Asiedu Nketia

    “Akufo-Addo doesn’t have the courage to say his position on anti-gay bill” – Asiedu Nketia

    National Chairman of the opposition National Democratic Congress (NDC), Johnson Asiedu Nketiah, has lambasted President Nana Akufo-Addo Dankwa Akufo-Addo for what he perceives as a lack of transparency regarding his stance on the Anti-LGBTQ+ Bill.

    President Akufo-Addo has postponed his decision on whether to sign the Bill into law, citing a pending constitutional challenge in the Supreme Court.

    Nketiah, popularly known as General Mosquito, has asserted that President Akufo-Addo’s reluctance to openly address the bill indicates an effort to evade taking a clear position.

    He suggested that the president might be seeking to shift responsibility onto the judiciary or other parties, thereby distancing himself from potential backlash.

    “The truth is that he doesn’t have the courage to say his position on the bill. That is why he wants to shift that responsibility to the judiciary or another person so he can later go and stand somewhere to say that he didn’t sign the bill.

    “If he wanted to do something about the bill, he would have done it.

    “He doesn’t want people to know that he is not in support of the Anti-LGBT+ Bill that is why there are some hurdles. That is the truth. If he had been able to stand his ground to say that he was not in support of the bill, his MPs would have also stood their ground to say that they were not in support,” citinewsroom.com quoted him to have said in an interview on Asempa FM on March 27, 2024.

  • Cases of disappearing manhood in Kasoa false – Awutu Senya East MUSEC

    Cases of disappearing manhood in Kasoa false – Awutu Senya East MUSEC

    The Municipal Security Council (MUSEC) of the Awutu Senya East Municipal Assembly has refuted claims of individuals mysteriously losing their genitals in Kasoa and surrounding areas.

    In a statement endorsed by the Municipal Chief Executive, Anita Love Obo Amissah, who also serves as the Head of the Municipal Security Council, it was asserted that there is no medical evidence supporting such incidents in the locality.

    “It has come to the attention of the Municipal Security Council that some residents are peddling rumours that some ritualists are in the Municipality and that anytime they touch the genitalia area of a male, the penis of the victim disappears.

    “Investigations have revealed that no such rumours have been corroborated by any medical team so far. The issue has generated a lot of fear. panic, and chaos amongst the residents of the Awutu Senya East Municipality,” the statement said.

    In urging the public to disregard the baseless rumors and continue with their daily activities, the Council emphasized its firm stance against such misinformation.

    It declared its commitment to thoroughly investigate and take strict action against anyone responsible for spreading such falsehoods.

    “The Security Council has taken a very serious exception of the matter and as such wishes to inform the general public to go about their normal duties without fear, and that the Security Council are on top of their jobs to ensure a happy Easter Celebration.

    “The Security Council also wishes to caution the general public that whoever is apprehended. and proven to peddle false rumours about the missing Male Genitals would be severely sanctioned,” the statement concluded.

  • Corruption has never been part of my past, it never will – Alan Kyerematen

    Corruption has never been part of my past, it never will – Alan Kyerematen

    Alan Kwadwo Kyerematen, the founder and leader of the Movement for Change and an independent presidential candidate in the December 2024 elections, has vowed to confront corruption head-on by creating a powerful anti-corruption authority with significant prosecutorial abilities.

    During talks with the leadership of the Trades Union Congress (TUC) in Accra on Wednesday, the 27th of 2024, Kyerematen reaffirmed his dedication to fighting corruption.

    In a meeting with organized labor, he outlined his plans to amend the Constitution, establishing an autonomous anti-corruption body.

    This entity, distinct from the Attorney-General and Minister for Justice, would be empowered to aggressively address corruption without any partiality.

    Emphasizing the pivotal role of personal integrity in combating corruption, Mr. Kyerematen underscored his own unblemished record, declaring, “I have never engaged in corruption, and I never will.”

    In addition to his anti-corruption platform, Mr. Kyerematen outlined plans for a transformative agricultural agenda, including an “Operation Own a Farm” initiative aimed at encouraging both citizens and non-citizens to engage in agricultural pursuits.

    Drawing inspiration from Botswana’s model, where widespread ownership of cows and weekend farming activities are promoted, he stressed the importance of fostering a similar culture. He was adamant about introducing the “Farm for Life as a Business” concept and assured government support for the initiative if elected, urging the active participation of faith-based organizations in advancing agricultural development.

    Moreover, Mr. Kyerematen committed to enhancing and expanding this program, positioning it as a flagship policy of his administration to revitalize the agricultural sector and generate opportunities for all.

  • MSF reports hundreds of children afflicted by measles in South Sudan

    MSF reports hundreds of children afflicted by measles in South Sudan

    The medical charity, MSF, has sounded the alarm regarding measles outbreaks in South Sudan and Yemen.

    These outbreaks have resulted in fatalities and numerous cases, particularly among children under the age of five in South Sudan’s Western Equatoria state.

    MSF also reported a significant influx of measles patients at its hospital unit in Taiz Houban, Yemen, underscoring challenges related to low vaccination rates and limited access to primary healthcare services.

  • Cocoa bean trading above $10,000 amidst climate challenges in Europe

    Cocoa bean trading above $10,000 amidst climate challenges in Europe

    The cocoa market experiences a surge in prices, reaching unprecedented heights due to the combined impact of climate change and adverse weather conditions.

    With the latest price escalation, cocoa beans now trade above $10,000 per tonne on global commodity markets, marking a $2,000 increase from the previous week.

    Ivory Coast and Ghana, the world’s largest cocoa exporters, grapple with diminished harvests caused by droughts in February following heavy rains in December.

    These climatic challenges exacerbate an already strained market, particularly affecting Europe, where consumers face soaring Easter chocolate prices.

    As a result, popular Easter egg brands are expected to cost 50% more than last year, prompting companies to pivot towards promoting alternative Easter treats like biscuit bunnies to mitigate the impact on consumers.

  • South Sudan to reopen schools amidst severe heatwave

    South Sudan to reopen schools amidst severe heatwave

    After being closed due to scorching temperatures exceeding 40C, South Sudan’s government announces the reopening of all schools next week.

    With the anticipation of the rainy season’s arrival, relief spreads among the populace. However, the recent “excessive heat” claimed the lives of at least 15 individuals, according to authorities.

    Upon the resumption of classes, teachers are urged to exercise caution, scheduling outdoor activities for the early morning and favoring indoor settings.

    Additional precautions include ventilating classrooms, ensuring access to water for students, and closely monitoring children, especially the young, for signs of heat-related illnesses like exhaustion and stroke.

    In case of emergencies, medics are to be promptly notified.

    The ministries of general education, health, and environment pledge to monitor weather conditions closely and provide ongoing guidance to the public.

  • Kenya Airways achieves operating profit for first time in 7years

    Kenya Airways achieves operating profit for first time in 7years

    Kenya Airways, one of Africa’s largest airlines, has achieved an operating profit in 2023, marking a significant turnaround since 2017.

    Chairman Michael Joseph hailed the $80 million excess as a notable achievement, emphasizing its importance in the airline’s journey.

    The success was attributed to a notable increase in revenue, with passenger numbers experiencing a surge of over 50%.

    Despite facing challenges in recent years, including substantial debts and the impact of the Covid pandemic, Kenya Airways has demonstrated resilience and progress.

    Michael Joseph, in a statement reported by AFP, described the figures as a testament to the airline’s remarkable performance and a positive sign of ongoing recovery in the air transportation sector.

  • New GRA boss likely to trigger controversy, here is why

    New GRA boss likely to trigger controversy, here is why


    President Nana Addo Dankwa Akufo-Addo Appoints Julie Essiam as New GRA Commissioner-General

    President Nana Addo Dankwa Akufo-Addo has made a significant change in leadership at the Ghana Revenue Authority (GRA) by appointing Julie Essiam as the new Commissioner-General, replacing Rev Dr Ammishaddai Owusu-Amoah.

    The appointment of the 61-year-old Julie Essiam is expected to spark controversy, as one of the key reasons for the heightened campaign for Rev Dr Ammishaddai’s exit was his age.

    Critics argued strongly that Rev Dr Ammishaddai, aged 62, had surpassed the age limit for public officials and therefore needed to resign or be dismissed by the president.

    According to the National Pensions Regulatory Authority, the retirement age in Ghana is legislatively set between 55 and 60 years. Fifty-five to fifty-nine years is considered voluntary retirement age, while 60 years is compulsory retirement age.

    It is worth noting that concerned citizens had previously gathered at the GRA headquarters to demand the removal of Rev Dr Ammishaddai Owusu-Amoah and Julie Essiam, who at the time was the Commissioner Responsible for Support Services at GRA.

    In a statement, the protesters pointed out that both Rev. Ammishaddai and Ms. Julie Essiam were still in office despite surpassing the retirement age of 60.

    Another concern raised in the statement was the continued tenure of Rev. Ammishaddai and Ms. Julie Essiam without valid contracts, which was seen as a violation of the country’s retirement laws.

    Ningo-Prampram Member of Parliament, Sam Nartey George, also expressed criticism of the situation, questioning why the rules were allegedly disregarded to allow the two to continue serving at GRA.

    In a post on social media on January 30, Sam George wrote, “For the past twenty seven (27) months, he has occupied the position without a contract…The question we need answers to is why Ken Ofori-Atta has kept his darling Rev. Dr. Ammishaddai at post for another twenty-seven (27) months without a contract?”

  • How interest free loans were paid back by 98% of 1,200 women – McDan explains

    How interest free loans were paid back by 98% of 1,200 women – McDan explains

    Founder and Chairman of the McDan Group of Companies, Dr. Daniel Mckorley, shared insights into the repayment rates of interest-free loans provided to 1200 women, revealing that 98% of them have successfully repaid.

    During the 2024 Women in Business Dialogue, Dr. Mckorley highlighted his recent experiment, which underscored the honesty of women. This realization led him to extend support to over 1200 women through interest-free loans.

    “We all have a part to play when it comes to women entrepreneurship. I did an experiment which I am going to carry across the country very soon. I saw the honesty of women; women are very honest. I have been able to give 1200 women interest-free loan to build their businesses.

    “About 98% of the women came back to pay, and it surprised me and if you look at the businesses they are into, that’s what we call the economic growth.”

    McDan also urged Ghanaians to show respect for the businesses run by these women, emphasizing his belief that they are the backbone of the nation.

    “The things that we don’t respect, the thing that builds our nation, the backbone of our nation and that is what they were doing and we must respect women. I’m not standing here because I’m standing here for women, I’m doing it, I’m supporting women,” he said.

    Watch McDan’s video below:

  • Bawumia’s flat tax rate, tax amnesty policy embraced by Sunyani traders

    Bawumia’s flat tax rate, tax amnesty policy embraced by Sunyani traders

    More members of the Ghanaian business community are openly embracing the tax reforms proposed by Vice President Dr. Mahamudu Bawumia. His government plans to implement these reforms to support Ghanaian businesses.

    After announcing the intention to introduce new tax reforms, including a flat-rate tax and tax amnesty for businesses and individuals, several business associations have expressed support for these ideas. Among them are spare parts dealers, the Ghana Chamber of Commerce and Industry, CIBA, and others.

    During engagements with traders’ associations and artisans in Sunyani earlier this week, Dr. Bawumia’s proposals were also warmly welcomed. These groups highlighted their frustration with the constant harassment they face when revenue officers quote unrealistic tax rates for them to pay.

    “We know we have to pay our taxes to help the country, but often, we do not understand how the taxes are calculated. They just bring us the bill and we are harassed to pay,” one of the members of the traders association, who welcomed Dr. Bawumia’s proposals said.

    “They lock up our stores if we don’t pay the high figures they quote for us and it is not good for our businesses so what you are proposing will help us to understand what we have to pay,” another said.

    Representatives from other traders’ associations, who addressed the gathering, voiced grievances about harassment from tax officials and supported Dr. Bawumia’s proposal to address the issue.

    In his address to the traders, Vice President Bawumia reiterated his dedication to implementing the tax reforms he has proposed to support and enhance businesses and traders.

    “I know your plight and I am very committed to implementing the tax reforms I have proposed to help traders and the larger business community.”

    “There is no need for any confusion over payment of taxes. It should be simple, transparent and very competitive for businesses. This is why I am proposing a new tax system with a flat tax rate and tax amnesty for businesses and individuals so that we all start afresh,” he added.

    Dr. Bawumia reaffirmed his dedication to scrapping the e-levy and other taxes. He also emphasized the need to align Ghana’s import duties with those of Togo to prevent goods from being diverted to Togolese ports and then smuggled into Ghana due to lower import duties in Togo.

    Following his presentation, Dr. Bawumia passionately urged the traders to endorse him for the presidency to implement his forward-thinking policies.

    “Somebody has been president before and we all saw what he did. I have never been president before, and as vice president or the driver’s mate, I have contributed so much to the development of our country as I have mentioned to you. So if you make me President, I will work even harder and implement all these policies I have shared with you to boost your businesses and move our country forward,” he concluded.

  • NIC, partners collaborate to enhance inclusive insurance for Ghanaians

    NIC, partners collaborate to enhance inclusive insurance for Ghanaians

    The National Insurance Commission (NIC) is collaborating with its partners to enhance the accessibility of insurance products and services, aiming to foster financial inclusion and improve the quality of life for more Ghanaians.

    Since 2010, the NIC has been dedicated to establishing an inclusive insurance framework in Ghana, supported by technical and financial assistance from the German development Cooperation (GIZ) and the United Nations Development Programme (UNDP).

    Numerous initiatives have been implemented to drive the growth of the inclusive insurance market.

    Speaking at a validation workshop in Accra, Acting Commissioner of Insurance, Mr. Michael Kofi Andoh, emphasized the NIC’s commitment to working with its partners to identify gaps and opportunities in their collaborative efforts thus far.

    Mr Andoh noted that “the focus of insurance has been on white and blue colour employees and people who receive salaries and operate bank accounts but the majority of our people are petty traders, farmers, masons, carpenters they operate in the informal sector and so if we leave the insurance the way it is, in the conventional space then most of our people will not have access to insurance; it is not that they don’t need insurance but they don’t have access to it due to the way it is structured and that’s where the inclusive insurance conversation comes in.”

    In recent years, the Commission has undertaken various preparations for the anticipated expansion of access, including enhancing the capabilities of insurers and implementing regulatory adjustments.

    Mr. Andoh noted that the NIC had provided essential training to insurance companies and facilitated the development of products tailored to meet market demands.

    Sukhrob Khoshmukhamedov, Deputy Resident Representative at UNDP, explained that UNDP’s support for organizing the workshop stemmed from their commitment to…“insurance in general is very important for any country, particularly for Ghana and it is more important taking into account the issue of disasters.”

    He noted that insurance was critical for farmers in the wake of the impact of climate change, so when farmers are insured against drought or flood, they will be able to sustain their businesses and livelihoods.

    “Inclusive insurance will play a vital role as a catalyst for social and economic development while promoting financial inclusion and safeguarding the well-being of vulnerable populations,” he added.

    The partners are confident of coming up with an inclusive insurance regulatory strategy and roadmap which will rope in the informal sector, ensuring the desired financial inclusivity.

  • GRA to have Julie Essiam as it first female Commissioner-General

    GRA to have Julie Essiam as it first female Commissioner-General

    Ms. Julie Essiam, who previously served as the Commissioner for the Support Services Division at the Ghana Revenue Authority (GRA), is set to lead the organization as its new Commissioner-General.

    This follows the dismissal of Dr. Ammishaddai Owusu-Amoah as Commissioner-General by President Akufo-Addo on March 27, 2024.

    In response to the leadership change, the GRA’s board has been dissolved, with plans underway to assemble a new board.

    Ms. Essiam’s promotion comes after her tenure as Commissioner for the Support Services Division of the GRA, where she served as the Deputy Commissioner-General.

    Her professional background in banking and dedication to sustainable transformation and development work have garnered recognition.

    Previously, Ms. Julie Essiam held the position of Group Executive at the Ecobank Group, overseeing branches across 40 countries worldwide.

    She is also known for her founding role in Africans4Africa (A4A), an initiative advocating for collaborative efforts among African leaders for the continent’s development.

    Ms. Essiam brings extensive experience to her new role, having served on various boards and committees, including those of the Ecobank Foundation and the Global Fund.

  • Mahama should not be allowed to contest, he will make us suffer, he does not have good intentions – Akua Donkor

    Mahama should not be allowed to contest, he will make us suffer, he does not have good intentions – Akua Donkor

    Leader of the Ghana Freedom Party, Akua Donkor, has expressed her dissatisfaction with John Mahama, suggesting that he is not a positive thinker.

    She thinks Ghanaians would face severe hardships if they stick with their decision to elect him as president in the upcoming 2024 election.

    Akua Donkor warns Ghanaians against voting for Mahama.

    “He wasn’t supposed to get a form in the first place. He’s not wise. If you want someone who’s negative, it’s John Mahama. If we give him another 4 years, he’ll make us suffer,” she expressed in a local parlance.

    Madam Donkor became an assemblywoman for Herman, a move that brought her closer to her goal of becoming the president of Ghana.

    Her presidential ambition was apparent during the 2012 elections when she sought to run as an independent candidate. However, the electoral commission prevented her from doing so.

  • A dollar goes for GHS13.65 at forex, BoG interbank rates GHS12.86

    A dollar goes for GHS13.65 at forex, BoG interbank rates GHS12.86


    Today’s Interbank forex rates, as reported by the Bank of Ghana on March 27, 2024, indicate that the Ghana Cedi is valued against the US dollar at a buying rate of 12.8558 and a selling rate of 12.8686.

    In Accra’s Forex bureaus, the dollar fetches a buying price of 13.25 and a selling price of 13.65.

    Against the Pound Sterling, the Cedi is valued at a buying rate of 16.2343 and a selling rate of 16.2518.

    In Accra’s Forex bureaus, the pound sterling is exchanged at a buying rate of 16.50 and a selling rate of 17.10.

    The Euro is traded at a buying rate of 13.9326 and a selling rate of 13.9452.

    In Accra’s Forex bureaus, the Euro is bought at 14.00 and sold at 14.60.

    The South African Rand is valued at a buying rate of 0.6770 and a selling rate of 0.6773.

    In Accra’s Forex bureaus, the South African Rand is bought at 0.40 and sold at 1.10.

    The Nigerian Naira is exchanged at a buying rate of 108.3018 and a selling rate of 108.6128.

    In Accra’s Forex bureaus, the Nigerian Naira is bought at 8.50 Naira for every 1 Cedi and sold at 13.50.

    For the CFA Franc, the buying rate is 47.0382 and the selling rate is 47.0807.

    In Accra’s Forex bureaus, the CFA Franc is bought at 21.00 CFA for every 1 Cedi and sold at 23.00 CFA for every 1 Cedi.

    Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

    Note that these rates may differ at a forex bureau near you. Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.

  • Board Chair of MTN discloses a GHS5.9bn paid in 2023 on taxes

    Board Chair of MTN discloses a GHS5.9bn paid in 2023 on taxes


    MTN Ghana‘s Board Chairman, Ishmael Yamson, revealed at the company’s annual general meeting (AGM) in Accra that in the previous year, MTN paid GH¢5.9 billion in direct and indirect taxes, along with an additional GH¢0.4 billion in fees, levies, and other payments to government agencies.

    These payments represented 47.1 percent of MTN’s total revenue contributed to the government for the 2023 financial year.

    Mr. Yamson reaffirmed MTN Ghana’s commitment to serving as a development partner to the government by contributing to the fiscal and socio-economic advancement of the country.

    In his update on the company’s performance for the year 2023, Mr. Yamson highlighted MTN’s successful navigation of challenges in the business environment to achieve notable success during the period. He attributed this success to the company’s ongoing commitment to the disciplined execution of its strategic objectives.

    “In the past year, the Ghanaian economy faced several challenges that impacted the business environment. These included elevated inflation and a tight monetary policy which led to an increase in the domestic cost of capital,” he said.

    In response to economic challenges, the government launched a three-year fiscal adjustment and reform program, supported by a US$3 billion Extended Credit Facility from the International Monetary Fund (IMF).

    As part of the IMF program requirements, the government initiated a Domestic Debt Exchange Program (DDEP) aimed at restoring the country’s debt sustainability. The initial phase of the DDEP, which primarily involved domestic creditors, resulted in reduced interest income on investments and prolonged the period required for bondholders, including financial institutions, to recover their invested capital in Treasury bonds.

    As a consequence, the cost of credit increased, access to new capital became limited, and the domestic investment environment was hindered. However, the second phase involving external creditors has yet to be finalized and implemented.

    “Despite these challenges, I am happy to report that our company has continued to demonstrate discipline in executing on its strategic goals for 2023. This success is a testament to the hard work, dedication and resilience of our employees, as well as the support of our valued partners,” the board chair added.

    Chief Executive Officer of MTN Ghana, Selorm Adadevoh, offered additional details on the company’s performance in 2023, noting that service revenue saw a year-on-year (YoY) increase of 34.6 percent. This growth was fueled by significant contributions from voice, data, and mobile money revenue streams.

    “This growth can be attributed to well-executed commercial strategies and our focused investment in maintaining high network quality, expanding coverage and delivering a good experience to our customers, as well as achieving progress in our pricing initiatives across the business,” he reported.

    According him, the national SIM re-registration exercise posed a challenge in the company’s subscriber base, resulting in a 6.3 percent YoY decrease.

    “Despite the challenges presented and the potential implications on the business, our unwavering commitment to providing high-quality services to attract new customers and retain existing ones helped partially mitigate the full impact of the national SIM re-registration exercise on the business,” he stated.

    Financial performance

    MTN Ghana’s financial report for 2023 shows a robust performance with a strong total revenue growth of 34.6 percent compared to the previous year.

    According to its annual report, the growth was achieved through targeted business strategies that led to an increase in voice, data and mobile money revenues.

    As part of the company’s commitment to disciplined execution, the management team executed the expense efficiency programme proactively to control costs, maintain profitability and ensure business growth.

    As a result, earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by an outstanding 40.2 percent year-on-vear (YoY), and EBITDA margin also increased by 23 percentage points from 56.1percent in 2022 to 58.4percent, portions of the report read.

    Profit after tax also grew by 39.4 percent YoY and earnings per share increased by 29.5 percent YoY.

    “These impressive results demonstrate the company’s commitment to driving sustainable business growth in challenging times,” the report further noted.

  • Locked-up Investment Holders Forum to go on strike against BoG

    Locked-up Investment Holders Forum to go on strike against BoG

    The Locked-up Investment Holders Forum, a group of investors, plans to stage a protest against the Bank of Ghana (BoG) on Wednesday, March 27, 2024.

    According to Dr. Adu Anane Antwi, the Convener of the Forum, the protest aims to compel the Central Bank to address the issue of investments held in BoG-regulated financial institutions.

    In a statement released by the Forum prior to the protest, participants will assemble at NDK’s premises at 9 am before heading to the BoG to deliver their petition to Governor Dr. Ernest Addison.

    “The Locked-up Investment Holders Forum, a forum that seeks the release of locked-up investments in licensed financial institutions to investors, will hold a Public Protest tomorrow, Wednesday, 27th March 2024, to further press home the Forum’s demand on Bank of Ghana for the resolution of investments locked-up in financial institutions licensed and regulated by the Bank of Ghana.

    “Members will converge at the premises of NDK at 9 am and march to the Bank of Ghana to have a meeting with the Governor on their Petition, and then to the Ministry of Finance to have a meeting with the Minister on the Petition.”

    Read the full statement below:

    PUBLIC PROTEST BY LOCKED-UP INVESTMENT HOLDERS FORUM

    Locked-up Investment Holders Forum, a forum which seeks the release of locked-up investments in licensed financial institutions to investors, will hold a Public Protest tomorrow Wednesday, 27th March 2024 to further press home the Forum’s demand on Bank of Ghana for the resolution of investments locked-up in financial institutions licensed and regulated by the Bank of Ghana.

    Members will converge at the premises of NDK at 9 am and march to the Bank of Ghana to have a meeting with the Governor on their Petition, and then to the Ministry of Finance to have a meeting with the Minister on the Petition.

    Dr. Adu A. Antwi
    Convener

  • Herbert Krapa made ECG’s new Board Chair

    Herbert Krapa made ECG’s new Board Chair

    President Nana Addo Dankwa Akufo-Addo has designated the Deputy Minister of Energy, Herbert Krapa, as the new Board Chair of the Electricity Company Ghana (ECG).

    This is according a report by Citi

    This appointment follows the resignation of Keli Gadzekpo from his position on Tuesday, March 26, 2027, citing personal reasons.

    In his new capacity, Krapa is expected to lead the ECG Board in addressing recent disruptions in power supply across the country.

    In recent weeks, the ECG has faced mounting pressure and scrutiny from both customers and businesses, urging the power distribution company to release a load-shedding schedule as power outages continue to escalate.

    As a response to the power supply interruptions, the Public Utilities Regulatory Commission (PURC) has directed the ECG to furnish and publish a comprehensive load-shedding timetable by April 2, 2024.

    However, the Ministry of Energy has refuted claims that the nation is currently experiencing a power crisis, commonly referred to as ‘dumsor’.

  • My daily expenses amounts to not less than GHS8,000 everyday – Mr Logic

    My daily expenses amounts to not less than GHS8,000 everyday – Mr Logic

    Ghanaian entertainment pundit Emmanuel Barnes, also known as Mr. Logic, revealed that he typically spends around GH¢8,000 every day.

    The artiste manager and songwriter explained that his daily expenses align with his responsibilities as a businessperson and an engaged participant in the entertainment industry.

    “Honestly, my daily expenditure is serious, in a day I can spend… it may be small for someone but at my level I spend at least GH¢8,000,” he told Zion Felix in an interview.

    In addition to other everyday costs, he claims to spend roughly one thousand cedis every day on fuel.

    Concurrently, Mr. Logic—a self-confessed New Patriotic Party member—described the belief that the government is to blame for the high cost of gasoline as an ignorant act.

    “Now those who are complaining, all these people are illiterate people. People who don’t read and research. They are illiterate. If Europe is buying one gallon for €11. The only difference between Europe and Ghana is they have a double shift system. Where you can do about two or three jobs. And we have single-spine. That’s our biggest problem. That’s why I don’t understand why the government cannot see that single-spine does not help Africa,” he said during an interview on Hitz FM in 2022.

  • Kwesi Arthur’s response about his marriage valid – Efia Odo

    Kwesi Arthur’s response about his marriage valid – Efia Odo

    Ghanaian socialite Andreas Owusu, popularly known as Efia Odo, responded to Kwesi Arthur’s decision to refrain from discussing her during an interview.

    During a recent appearance on Hitz FM, the rapper disclosed that he is presently married, tactfully avoiding any mention of his purported ex-girlfriend, Efia Odo.

    Kwesi Arthur emphasized that it would be inappropriate to discuss any woman other than his wife and clarified that he and Efia have not been in contact for quite some time.

    “I have a woman; I am married and I think it is totally disrespectful to my woman to talk about other women. I don’t want to talk about other women besides my woman,” he stressed.

    He continued, “I have no communication whatsoever with her. I have no connection with her. I have not spoken to her in so many years now.”

    Subsequently, during an engagement with fans on TikTok, Efia Odo was questioned about her reaction to Kwesi Arthur’s remarks, to which she deemed them appropriate.

    Taking to her Snapchat page, the social media personality posted: “Have you heard what Kwesi Arthur said”?

    She responded, “What he said was very valid and a great answer. I wouldn’t want my man to talk about any woman apart from me.”


    Efia Odo revealed her previously undisclosed romantic involvement with Kwesi Arthur.

    In the latest season of the renowned reality TV series, GH Queens, Efia Odo confessed to being in a loving relationship with rapper Kwesi Arthur.

    She disclosed that their three-year romance came to an end when he unexpectedly changed his behavior towards her.

    “You guys didn’t know that I was in a secret relationship with Kwesi Arthur from December 2018 to December 2021. Now we don’t talk anymore, at all. He switched up fast and I kept asking myself who he is because I don’t know who he is anymore. Somebody you wake up to every day out of nowhere just switches up,” she told her friends.

    Efia Odo said she has since been celibate as part of her healing process.

    “From that moment that he and I broke up, I decided to be celibate. Not because of anything but because I just wanted to get Efia Odo back. But now, praise the Lord, I am very good,” she stated.

  • Forget about dredging sea, create jobs for Kumasi youth – Rapp Fada tells Cheddar

    Forget about dredging sea, create jobs for Kumasi youth – Rapp Fada tells Cheddar

    Ghanaian musician Rapp Fada has expressed skepticism towards the proposal made by Nana Kwame Bediako, also known as Cheddar, the leader of The New Force political movement, to dredge the sea in Kumasi.

    According to Rapp Fada, there are more urgent issues that demand attention, such as educational challenges and unemployment rates.

    He advised Cheddar to prioritize initiatives aimed at generating employment opportunities for the youth in Kumasi, should he pursue his presidential aspirations.

    In an interview with Fiifi Pratt on Kingdom FM, as reported by GhanaWeb, Rapp Fada criticized Cheddar’s promise to bring the sea to Kumasi, labeling it as “deceptive” due to its impracticality and difficulty in implementation.

    “His words are deceptive because he knows it will be difficult for him to achieve it [dredging sea in Kumasi]. The Ashanti Kingdom is huge, so he should not speak anyhow.

    “At least, there is Lake Bosomtwe in the region, so, dredging a sea is not necessary. I think issues that have to do with education and unemployment are more pressing that he needs to look at and not sea,” he said.

    What Cheddar said:

    During an interview with Abusua FM in Kumasi, Cheddar expressed that his vision of bringing the sea to Kumasi is a key component of his plan to enhance trade along Ghana’s Eastern and Western corridors.

    During an interview with Abusua FM in Kumasi, Cheddar expressed that his vision of bringing the sea to Kumasi is a key component of his plan to enhance trade along Ghana’s Eastern and Western corridors.

    His statement has faced strong criticism from certain segments of the public, who argue that he is making unrealistic promises, thus revealing a lack of seriousness in politics.

  • We were delayed in 2008 but they can’t stop us now – Wontumi on breaking the 8

    We were delayed in 2008 but they can’t stop us now – Wontumi on breaking the 8

    Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Bosiako, widely recognized as Chairman Wontumi, has confidently stated that the ruling party is poised to emerge victorious in the upcoming general elections.

    He expressed strong belief that the NPP is set to achieve an unprecedented milestone in Ghanaian politics by securing a third consecutive electoral victory.

    Chairman Wontumi emphasized that the reins of power will not shift to the National Democratic Congress (NDC) and their presidential candidate, former President John Dramani Mahama.

    “I can assure you that in 2024 we are breaking the 8, they delayed us in 2008 but they can’t stop us, we are more united than before. They can’t stop us; we are united and we are breaking the 8.

    “We are not going to give it to you. John Dramani Mahama you are not the option, we are not going to give it to you to spoil the good work that Nana Addo Dankwa Akufo-Addo has done.

    “Dr Mahamudu Bawumia is going to succeed Nana Addo Dankwa Akufo-Addo,” he said during the inauguration of the Ashanti Region NPP campaign team over the weekend.

    Echoing the resolute sentiments, Dan Kwaku Botwe, the Campaign Chairman of the NPP for the upcoming 2024 general elections, assured supporters of the party’s unwavering unity and dedication to triumph.

    Addressing the gathering, he spotlighted the smooth conduct of internal elections across different tiers of the party structure, emphasizing the cohesive spirit prevailing within the NPP.

  • You cannot go to any town and sit there as a chief – MUSEC tells K.K. Sarpong

    You cannot go to any town and sit there as a chief – MUSEC tells K.K. Sarpong

    The Offinso Municipal Security Council (MUSEC) in the Ashanti Region has imposed a ban on Dr. Kofi Koduah Sarpong, former head of the Ghana National Petroleum Corporation (GNPC), prohibiting him from asserting himself as the Paramount Chief of the Offinso Traditional Area.

    This measure comes as part of MUSEC’s efforts to preserve peace in the region, with Dr. K.K. Sarpong cautioned against organizing any public gatherings under the pretense of chieftaincy.

    According to a report from myjoyonline.com, this action follows the circulation of a viral social media video where Dr. Sarpong was seen receiving salutations from well-wishers who addressed him as the rightful Offinsohene.

    Tensions escalated in Offinso following the passing of Offinsohene, Nana Wiafe Akenten III, leading to a disputed succession process.

    Dr. K.K. Sarpong’s candidacy for the paramountcy was twice dismissed by the Asantehene, Otumfuo Osei Tutu II, resulting in the nomination and acceptance of an alternate candidate, Nana Dwamena Akenten II.

    However, despite these developments, Dr. Sarpong’s recent actions, including his reception of supporters while assuming the role of a chief, have raised security concerns in the locality.

    Chairman of the Municipal Security Council, Kingsley Owusu-Appiah, acknowledged the security implications of Dr. Sarpong’s conduct, stressing the importance of upholding the authority of the recognized chief, Nana Dwamena Akenten II.

    “So far as we are concerned, the security council is concerned, here, we have two palaces. One is at Old Town and the other one is at New Town. K.K. Sarpong cannot go there to sit there as a chief.

    “The video circulating, I haven’t seen it. Maybe he did it at his bedroom because he can’t do it at the open space because we have only one chief,” Owusu-Appiah added.

    To stop things from getting worse, security measures have been put in place, such as sending police officers to the old and new palace locations to limit Dr. Sarpong’s access.

    “We have only one chief in Offinso and he’s called Nana Dwamena Akenten II. So, all these things, like I said, maybe he’s doing it in his bedroom. So here, you know, you’ve been in town. There’s peace here so, K.K. Sarpong is not a chief.

    “In Ashanti Region, you can’t fight Otumfuo. This is what Otumfuo has said and Otumfuo has allowed Nana Dwamena Akenten to swear and he swore before his sub-chiefs and the sub-chiefs have sworn before him too,” Owusu-Appiah added.

    The Offinso Traditional Council has called for the transfer of personnel who are believed to have compromised security management, voicing dissatisfaction with the police’s handling of the situation.

    Asona-Akonkodiase, one of the royal families, has disowned the former queen mother for nominating an outsider as a successor against family expectations and vowed allegiance to Nana Dwamena Akenten II in response to the events that are transpiring.

    “She became a queen mother because she is a family member of Akonkodiase family. She rather disowned us because at least, she was given the mandate to choose somebody from any of the two families. We thought that she will choose somebody from us but she didn’t,” family spokesperson, Akwasi Owusu Afriyie, said, the report stated.

  • ‘We will not fall for your deceit-induced campaign promises’ – Importers and Exporters to Bawumia

    ‘We will not fall for your deceit-induced campaign promises’ – Importers and Exporters to Bawumia

    The Importers and Exporters Association of Ghana (IEAG) has criticized Vice President Dr. Mahamudu Bawumia for his recent comments regarding the operations of the Ghana Revenue Authority (GRA).

    Dr. Bawumia accused the GRA of harassing businesses under the guise of tax collection during a dialogue with members of the Ghana Chamber of Commerce and Industry.

    These discussions were part of the manifesto committee’s efforts to gather input for the upcoming 2024 elections.

    The Vice President attributed the issue to the GRA’s practice of setting unattainable targets for its officers, leading them to impose excessive taxes on established businesses.

    In response, the Executive Secretary of the Importers and Exporters Association of Ghana, Samson Asaki Awingobit, issued a statement on Monday, March 25, 2024, cautioning that they would not be influenced by Dr. Bawumia’s tactics for a third time.

    The Association called on the Vice President to apologize to the business community for his failure to fulfill promises.

    “Ghanaian Importers and Exporters would like to tell the Vice President Dr Mahamudu Bawumia and his likes that, we will not fall victim to their shenanigans for the third time. We will judge him and others based on their performance and not on deceit-induced campaign promises which will end up becoming another mirage,” the Association stated.

    They emphasized their determination not to be deceived by Dr. Bawumia’s unfulfilled pledges as a tactic to secure votes in the forthcoming December elections.

    The statement also expressed that, instead, “We expect the Vice President to apologize to the business community for failing to uphold his campaign commitments and not resort to last-minute populist gestures.”

    Moreover, the Association underscored that over the past six years, Dr. Bawumia has remained silent on this and other crucial issues, failing to urge the GRA to review its tax collection methods. This lack of action has resulted in the departure of numerous businesses from the country.

    “The Importers and Exporters Association of Ghana can best describe the Vice President’s recent stand as a populist attempt to redeem his image in the eyes of the business community, considering the fact that he as a Vice president kept mute on this issue among other issues for the past 6 years failing to prompt the Ghana Revenue Authority on the need to change their modus of tax collection which has forced many businesses out of the country,” it noted.

    Nevertheless, the Ghana Revenue Authority Workers’ Union (GRAWU) voiced their dissatisfaction with a statement allegedly made by Dr. Bawumia suggesting that the GRA is mistreating taxpayers.

  • Nana Addo unveils initiative for building 30 smart schools in 2024

    Nana Addo unveils initiative for building 30 smart schools in 2024

    President Nana Addo Dankwa Akufo-Addo has unveiled plans to construct a minimum of thirty Smart schools across the country by the year’s end as part of the Ghana Smart Schools initiative.

    During the launch of the Smart Schools Project in Accra on Monday, March 25, 2024, President Nana Addo reiterated the government’s steadfast commitment to advancing education.

    He emphasized that over the past seven years, his administration has prioritized education like never before, evident in various policies, infrastructure development, provision of equipment and resources such as furniture, scholarships, stationery, and improvements in teacher welfare.

    President Nana Addo highlighted that these schools will operate independently from the national power grid, incorporating digitized infrastructure to enhance teaching methods.

    The President also announced the distribution of Smart Tablets to 1.3 million Senior High School (SHS) students nationwide, aimed at equipping students with vital technological skills, aligning with the government’s objective of leveraging technology to improve education.

    As part of this initiative, around 100 smart SHSs will be constructed nationwide within the next two years. These schools are poised to offer improved learning environments and increased educational opportunities for students.

    “The other component of the Ghana Smart Schools project is the provision of infrastructure. The government intends to build 100 Smart Schools across the country,” he said.

    He added that “And for the avoidance of doubt, it is planned that the 100 Smart Schools will be located in the following cities and towns in all the 16 regions.”

    He stressed that every student would be provided with their individual educational tablet, preloaded with digital content to aid in research, teaching, and learning.

  • We have full support from the Ashanti Region to break the 8 – Frema Opare

    We have full support from the Ashanti Region to break the 8 – Frema Opare

    The Chief of Staff, Akosua Frema Osei-Opare, has affirmed the New Patriotic Party’s (NPP) commitment to garnering increased votes from the Ashanti region in the upcoming 2024 elections.

    This strategic move aims to potentially disrupt the recurring 8-year electoral pattern between the NPP and the opposition National Democratic Congress.

    Speaking at the inauguration of the Ashanti Region NPP campaign team, Osei-Opare highlighted the party’s cohesion and emphasized the solid backing from its members in the region, historically recognized as the NPP’s stronghold.

    “The love for the party is so supreme that people were willing to come together to put Ashanti forward and become the biggest contributors to breaking the 8. They will give us the numbers, it is possible, we will break the 8,” 3news.com quoted her to have said.

    Echoing the sentiments expressed by Osei-Opare, Dan Kwaku Botwe, the Campaign Chairman of the NPP for the 2024 general elections, reiterated the party’s solidarity and preparedness.

    Botwe provided reassurance that the choice of Vice President Dr. Mahamudu Bawumia’s running mate would be a collective endeavor, with consultations slated to take place with the National Council of the NPP.

    “We are not divided at all, we have had successful polling station elections, successful electoral elections, successful constituency elections, successful regional elections, successful national elections, and successful presidential elections.

    “We are united and we will do it at the right time. We have done it before in 1992, 96, 2000, 2008, we did it, so it is not an issue at all,” he said.

  • Don’t disgrace yourself,sign the anti-LGBTQ+ bill – Dormaahene tells Akufo-Addo

    Don’t disgrace yourself,sign the anti-LGBTQ+ bill – Dormaahene tells Akufo-Addo

    The Dormaahene, Osagyefo Oseadeeyo Agyemang Badu II, has urged President Nana Addo Dankwa Akufo-Addo to swiftly sign the anti-LGBT+ Bill once the ongoing legal procedures are resolved in the Supreme Court.

    Addressing the media on March 25, 2024, Dormaahene Agyemang Badu II expressed his apprehension about the potential damage to the president’s legacy if he refrains from endorsing the bill.

    He emphasized the importance of President Akufo-Addo leaving behind a positive legacy during the remainder of his term in office.

    “Both the Majority and Minority in Parliament have agreed to pass the Anti-LGBT+ Bill and presented it to the president for his assent but the signing of the bill has become an issue.

    “If things aren’t going right, I, Agyeman Badu II, I will say it because you are my family member (Akufo-Addo). If Ghanaians cannot tell you, I will do that.

    “You have nine months to end your tenure. I don’t want you to be disgraced. Don’t let them push you into doing things,” he said.

    “Let not it be said that you took money to not sign the bill, don’t let such a bad name be associated with you in your last days.

    “I have heard the issue is in court, and I plead with the Supreme Court that some of us are following the law… the moment Supreme Court delivers its judgment, please sign the bill because we won’t allow anybody delaying the bill unless we are gunned down, and I don’t believe we will be gunned down because of the bill,” he added.

    The anti-LGBT+ Bill, approved by Parliament, prohibits LGBT activities and deems their promotion, advocacy, and funding as criminal offenses.

    Individuals engaged in these acts could face imprisonment ranging from six months to three years, while promoters and sponsors may face imprisonment of three to five years.

    President Akufo-Addo has postponed his decision on signing the Bill into law, citing a constitutional challenge in the Supreme Court.

    Even if he opts against it, MPs can override the president’s decision with a two-thirds majority vote, making the provisions of the Bill enforceable.