TIG Post

Author: Amanda Cartey

  • FULL TEXT: Gov’t stance on lithium mining deal with Barari DV Limited

    FULL TEXT: Gov’t stance on lithium mining deal with Barari DV Limited

    Distinguished Guests, Ladies and Gentlemen, you will recall that at a brief ceremony at the Ministry of Lands and Natural Resources, on Thursday, 19th October, 2023, I signed, on behalf of The President of the Republic, the first mining lease for the exploitation of lithium in our country.

    This followed Cabinet’s approval of a policy for the exploitation and management of green minerals in our country, and extensive negotiations, spanning several months, between Government and Barari DV Ltd, a subsidiary of Atlantic Lithium Ltd, which President Akufo-Addo, had to, on some occasions, personally, intervene.

    Since this act, there has been some commentary on the mining lease, with several people and institutions sharing their opinion on the agreement.

    Government welcomes the extraordinary public interest and scrutiny of this mining lease, as it is the surest way of ensuring that, the mineral resources of our country are utilised for the benefit of the Ghanaian people. We, however, note that, much of the commentary ignore the actual terms of the lease, which, I am told, is available on the website of the Minerals Commission.

    On 27th October, 2023, I issued a twenty-six point Press Release, detailing the processes leading to the grant of the mining lease, and giving highlights of the lease, which, obviously, differs from all previous mining leases granted for the exploitation of any mineral in the country.

    This is easily verifiable from a cursory examination of the mining lease under reference. Regrettably, some public commentary on the matter continues to ignore all these details.

    In recognition of our constitutional duty to manage the natural resources of the country for the benefit of the Ghanaian people, who are the true owners of these resources, and in accordance with the highest standards of transparency and integrity, we have, called this Press Conference to provide detailed information to the Ghanaian people on the processes leading to the signing of the Mining Lease as well as details of the Lease that makes it different from all previous mining leases and most importantly how the nation stands to benefit from this transaction.

    This will be done by the Chief Executive Officer of the Minerals Commission. But before I invite him to address us, kindly indulge me clarify a few matters.

    First of all, Barari DV Ltd, the company granted the mining lease for the exploitation of lithium in Ewoyaa, has been undertaking exploration for almost a decade in the Central Region from when they were first granted a reconnaissance licence in August 2012 and converted to a prospecting licence in March 2018 for three (3) years and renewed for three (3) years in July 2021.

    When they reported commercial find of lithium, government took a decision not to treat this mineral in the same manner, in which others had been treated. We, therefore, decided to make a policy for the exploitation of lithium and other green minerals of our country before any negotiations will commence.

    To make the development of the policy more participatory, on 13th July, 2022, I presented to Parliament, on behalf of Government, a statement setting out the general framework of the proposed policy for the development, management and exploitation of the green minerals in our country.

    Following inputs from Honourable Members of Parliament and other stakeholders, a policy was developed and submitted to Cabinet, which after intense scrutiny, critique, and inputs, approved a reviewed policy on 27th July, 2023.

    The approved policy includes provisions for an increase in the royalties rate for green minerals, an increase in State and Ghanaian participation in all green mineral operations to a minimum of thirty percent (30%), an enhanced local content and local participation, including listing on the Ghana Stock Exchange; and value addition and beneficiation for all green minerals. It was based on this policy that we entered into negotiations with the company leading to the signing of the mining lease.

    Ladies and gentlemen, let me forcefully state that, this Lease differs from all previous mining leases in many respects, and the Chief Executive Officer of the Minerals Commission will, shortly, give you details to support this assertion. Suffice for me to point out that, it is the first time in the history of our country that, we have successfully negotiated for ten percent (10%) royalties for any mineral, which is one of the highest for exploitation of any mineral across the globe.

    We have already secured a nineteen percent (19%) State participation in this mining company, with the requirement to scale it up to a minimum of thirty percent (30%) Ghanaian participation through listing on the Ghana Stock Exchange for shares to be made available to Ghanaians and Ghanaian entities.

    And for the first time in the history of our country, a mining lease contains provisions for the establishment of a refinery.

    The issue of ratification of the mining lease, which has been raised by several people, has never been lost on us. This is expressly provided for in the Mining Lease granted to Barari DV Ltd.

    Specifically, Clause 1(e) of the Lease states as follows:

    This Mining Lease is subject to ratification by Parliament in accordance with Article 268(1) of the Constitution and section 5(4) of Act 703. Upon execution of this Mining Lease, the Minister shall cause the Mining Lease to be laid in Parliament for ratification.

    By the very terms of the Lease, therefore, ratification by Parliament is a condition precedent. As the Supreme Court explained in Republic v High Court, (General Jurisdiction 6), Accra; ex parte Attorney-General (Exton Cubic – Interested Party) (Unreported, Civil Motion No. J5/40/2018, dated 31st July, 2019), an unratified mining lease confers no enforceable rights, and Government has always been mindful of this decision.

    But before such agreements can be laid before Parliament, it must go through a number of processes, including securing Cabinet’s approval. The processes are ongoing, and once completed, the Agreement would be laid before Parliament for consideration and ratification.

    There have, also, been calls to grant mining leases through a tender process. As we explained in our earlier press release, international best practice requires that where a company undertakes exploration and makes commercial find for minerals, the company is entitled to a right of first refusal to the grant of a mining lease, subject to regulatory compliance.

    This international best practice is given legal backing by section 39(2) of the Minerals and Mining Act, 2006 (Act 703).

    Needless to point out that, the use of the tender process is only feasible where there already exists geological data and the State is looking for partners to go straight into mining. Regulation 258(1) of the Minerals and Mining (Licensing) Regulations, 2012 (L.I. 2176), which deals with the grant of mineral rights by tender gives three instances under which such process may be used.

    They are:a. where the Minerals Commission determines that there exists sufficient mineral information in respect of the area concerned;

    b. where the Republic has carried out prior mineral exploration in respect of the area concerned; or

    c. where an area becomes available through surrender, revocation or termination and two or more applications are recorded in the Priority Register within the seven days of the area becoming vacant.”

    In all these circumstances, the State would have enough geological data generated through its own exploration, or where a holder of a mineral right surrenders his interest, or the right is otherwise revoked or terminated.

    But where this data is generated by a private company that has carried out exploration, at great cost, then that entity is by virtue of section 39(2) of Act 703 entitled to the grant of a mineral right subject to regulatory compliance, in which case the tender system cannot be legally turnable.

    The historical lack of resources to undertake exploration has, thus, meant that we have had to depend on private companies to undertake exploration for most of our minerals, which then entitles them to the grant of mining leases without going through any tender process. And in any event, the private sector, both foreign and Ghanaian, participation is in accord with the best international practice. And this can be verified from several mining countries across the world.

    There have, also, been calls for the establishment of a Ghana Lithium Company to undertake lithium mining and develop the value chain of the mineral from lithium mining to battery production. It will be recalled that the Policy Statement presented to Parliament last year, considered the option of establishing such an entity, along the concept of the Ghana Integrated Aluminium Development Corporation (GIADEC) and the Ghana Integrated Iron and Steel Development Corporation (GIISDEC).

    However, the volumes of the mineral we have, currently, and our quest to ensure optimal benefit from the exploitation of this mineral made that option not feasible for several reasons. Firstly, globally, only China, has an end-to-end lithium value chain, from mining to battery production.

    This is why, we have instituted in this transaction the retention of a significant part of the vale chain which we work systematically to eventually construct the full value chain in country.

    But as we have said, we will not export lithium in its raw state. That is why the Mining Lease includes provisions for the establishment of a refinery and the provision of the by-products to local industries.

    Distinguished Guests, Ladies and Gentlemen, in everything we have done with this mining lease, the interest of the Ghanaian people has been paramount. The Government of President Akufo- Addo remains committed to the prudent, effective and efficient management of the natural resources of our country which have been entrusted to us, and doing so in the spirit of transparency, integrity, candour and utmost good faith for the benefit of our nation. We remain focused on this goal, and call on you all, nationals and residents of our country, to support Government in this quest.

    With this, I now invite the Chief Executive Officer of the Minerals Commission, Mr. Martin Ayisi, to present to you the terms, benefits and way forward of the Barari DV Ltd mining lease. I thank you for your attention.

  • MTN Nigeria Plc’s market value remains below N5 trillion due to lackluster earnings

    MTN Nigeria Plc’s market value remains below N5 trillion due to lackluster earnings

    MTN Nigeria Plc’s market valuation has remained stagnant, falling below N5 trillion after the telecom company reported lackluster earnings in the first nine months of the financial year 2023, according to data from the Nigerian Exchange.

    The company’s earnings were negatively impacted by losses from foreign currency liabilities, leading to a decline in profitability due to increased leverage. MTN Nigeria’s borrowings contributed to higher net finance costs, coupled with foreign exchange losses, significantly affecting its financial performance.

    Following these challenges, the share price of MTN Nigeria has stopped its upward trajectory, reflecting investor uncertainty that has resulted in limited trading activity. The telecom giant is now characterized as a ‘fallen angel,’ displacing Airtel Africa, which has recently seen robust market revaluation.

    In the first nine months of the financial year 2023, MTN Nigeria’s profit before tax payment plummeted by 42% to N232.47 billion from N400.67 billion in the same period in 2022.

    The company recorded a year-on-year decline of 45.2% in net profit, settling at N147.36 billion at the end of 9M-2023, down from N181.62 billion 12 months earlier. This lackluster performance translated to a significant decline in earnings per share (EPS) to N7.06 from N12.89 over the 12-month period.

    Despite a 21.8% year-on-year increase, MTN Nigeria’s revenue reached N1.77 trillion from N1.46 trillion in 9M 2022. Analysts noted that data revenue remained robust during this period, rising by 36.4% to N749.53 billion from N549.66 billion in the comparable period.

    Interestingly, data revenue surpassed voice revenue as the largest contributor to total revenue, underscoring MTN Nigeria’s strategic focus on maximizing value from the data segment.

    “We expect this resilience to be sustained for the remainder of the year and thus project a 29.7% year-on-year growth in data revenue”, Cordros Capital said in an equity review. On voice revenue, analysts project a 13.6% year-on-year growth with most of the support still coming from an expected increase in subscriber base and sustained usage of MTNN’s voice propositions.

    “We maintain our estimate of a 5.0% year-on-year increase in MTNN’s subscriber base to 79.30 million by year-end 2023 from 75.60 million in 2022. Cordros Capital analysts expect the company’s revenue to grow by 20.3% year on year for 2023 and model an average growth of 15.7% in 2024-2027E.

    “We project a 325bps decrease in MTNN’s 2023 EBITDA margin, reflecting heightened cost pressures from the higher FX pricing on tower costs, the impact of the new VAT on tower leases and the highly inflationary environment”, the investment firm projected.

    As a result, analysts predict that in 2022, MTNN EPS will drop from N17.63 to N11.61, underscoring the one-time effect of the sharp FX depreciation in H1-2023.

    “Key profitability ratios dwindle: Following our expectations of higher cost pressures on margins, we expect a dip – albeit temporarily – in key profitability ratios”, Cordros Capital said in its update.

    The investment firm established a target price of N295.05 for the telecom company and maintained a buy rating on the stock. The company increased its capital investment to enhance market fundamentals, with MTNN’s CAPEX expenditure rising by 6.9% year on year to N405 billion amidst macroeconomic challenges.

    A significant challenge faced by the company was a sharp increase in net finance costs. According to its unaudited financials, net finance costs surged by 174.41% to N375.96 billion in the third quarter of 2023.

    This increase was attributed to higher leverage and a forex loss of N232.8 billion on the company’s net foreign currency liabilities following the significant devaluation of the naira in June.

  • Okatakyie Afrifa describes education system in Ghana as a ‘chew, pour, pass, forget

    Okatakyie Afrifa describes education system in Ghana as a ‘chew, pour, pass, forget

    Outspoken media personality, Okatakyie Afrifa, has criticized the Ghana Education Service (GES) under the leadership of Minister for Education, Dr. Yaw Osei Adutwum, citing a decline in the standards of the education system in the country.

    He contends that the current education system in Ghana does not effectively address societal challenges but rather trains students to memorize information for examinations, only to forget it afterward.

    Afrifa expressed frustration over the integration of foreign curricula, such as the Cambridge model, into the Ghanaian educational system, asserting that this has negatively impacted the quality of education.

    He emphasized the necessity for educational stakeholders to reassess the system to ensure that institutions produce well-equipped intellectuals.

    “We don’t look at the essence of the educational system. We are unable to tailor our educational system to fit our society. We continue to do alien educational system that the people cannot even relate to. It has become chew, pour, pass and forget. Some people are good in class but when they go out they are unable to prove it.

    Most of the graduates with first class can’t compete because they have pictorial memories of chew, pour, and forget, they can’t even apply for certain things,” he said while speaking on Angel FM and monitored by GhanaWeb.

    He also rebuked parents who have lost interest in enrolling their children in public schools.

    “As a people, we must go back to the drawing board. Today everybody wants their children to attend international school instead of focusing on how we can make the public schools better. It does not augur well for us.”

    The curriculum utilized by different institutions in Ghana’s education system has drawn criticism because it isn’t doing enough to adequately prepare students for the future.

    There has been no response from the education ministry, led by Dr. Yaw Osei Adutwum, to requests for a review of the curricula.

  • I pray you don’t experience what I went through – Sonnie Badu reacts to critics of his recent injury

    I pray you don’t experience what I went through – Sonnie Badu reacts to critics of his recent injury

    Renowned Ghanaian gospel artist based in the UK, Sonnie Badu, has issued a response to critics who accuse him of fabricating his recent injury.

    Some skeptics suggest that Sonnie Badu simulated his leg injury as a publicity stunt to generate buzz for his upcoming concert, ‘Sonnie Badu Live In Concert – Rhythms of Africa.’

    On Saturday, November 9, 2023, the artist addressed these critics on his official Facebook page, dismissing their claims and setting the record straight.

    “To those who said I faked my injury, I pray it never happens to you, it is only by grace that I am still alive. It simply means my assignment is not done yet on earth. Instead of going down with my head, I went in with my foot and landed on my on my back.

    …I opted to still stay and finish my assignment even though canceling it would have been the better option . Pls forgive me if I don’t dance like the usual, however, I promise to give my all again I mean the BADU way .. every channel in me will open up .. I want to thank my wife and children for the emotional support… you have been amazing , and to my mum and dad thank you for all you have done, wow!!! And to my team, I have no words, you all stood up and held me”,….he wrote.

    Badu continued, “Well, today is Dec 9th and it’s show time … we will build a new altar, GHANA GOSPEL MUSIC WILL RISE AGAIN”

    Sonnie Badu recently revealed the news and specifics of his accident, which occurred when he slipped on a staircase, resulting in leg injuries. Following a two-hour surgery, he is presently using crutches.

    After images of his injury circulated widely, some online users speculated that he might be feigning it to garner attention for his upcoming concert.

    Despite his physical limitations, the artist assures his devoted fans of a great show at the upcoming concert, expressing determination to deliver his best performance despite the challenges.

  • I’ve never been sick or been to the hospital for the wrong reasons – Sonnie Badu claims

    Ghanaian gospel sensation and Rockhill Chapel founder, Sonnie Badu, asserts he has never visited the hospital due to illness.

    Speaking with Bola Ray on Starr FM, Sonnie Badu acknowledged the inevitability of accidents that may require medical attention, yet he stated that neither he nor his family has ever sought medical care for infections or diseases.

    “Accidents do happen, but I’ve never been sick, I’ve never been to the hospital for the wrong reasons, like cancer or high blood pressure, no. Injuries are a different case, you could run into something or someone could beat you up. You don’t expect me to treat myself. But certain diseases that I or my family have ever experienced,” he shared.

    “None of my children. My eldest is going to be 21 years old today. None of them, not even my wife—none of them,” he claimed.

    Background

    Gospel minister Sonnie Badu recently disclosed the details of a severe domestic accident that resulted in a two-hour surgery.

    He recounted slipping on a staircase at his residence, with his legs caught between the rails. Sonnie emphasized the potential gravity of the incident, drawing parallels to a similar fall that led to his grandmother’s demise.

    Addressing speculations of the incident being a publicity stunt, he vehemently denied such claims, underscoring the authenticity of the accident through his mother’s concerned reaction.

    Sonnie Badu underwent surgery in Leicester and reassured everyone of his well-being, prioritizing safety measures for a full recovery ahead of his scheduled concert on December 9, 2023.

  • FIPAG highlights outdated nature of Ghana’s copyright laws

    FIPAG highlights outdated nature of Ghana’s copyright laws

    President of the Film Producers Association of Ghana (FIPAG), has expressed strong criticism of Ghana’s copyright laws, describing them as virtually non-existent and detrimental to the advancement of the creative sector.

    In an interview with the state-owned Graphic Showbiz newspaper, Mr. Aboagye attributed the challenges to the Ghana Copyright Office’s reluctance to transition to digital processes, impeding efforts against piracy and discouraging the generation of new creative works.

    “Last year, I created content which went viral, and a Nigerian uploaded it on his YouTube channel. When I decided to upload it, YouTube flagged it. I was told I could not do it because it was not mine. How do we fight these issues?

    “Our current copyright laws do not make provision for these online contents and your intellectual property just goes down the drain in just a second.

    “So, if someone pirates your content and you manage to take them on, and they get a good lawyer to defend them, you are finished, because there is no legal backing for you again,” he said.

    Mr. Aboagye additionally voiced apprehension regarding the antiquated mindset of the Ghana Copyright Office, underscoring the deficiency in existing laws to safeguard content creators in the era of digital content.

    “The Copyright Office is not doing much. They don’t even have plans to develop digital certificates which we could stand on to challenge certain institutions.

    “This is because when someone uploads your content and you challenge it, they can grant your request if you have a digital certificate for the content you have produced,” he stated.

    In order to avoid disputes, he thus called for increasing stakeholder awareness and education regarding copyright, royalties, and other relevant topics.

    “There is much education to be done to sensitise stakeholders on these copyright issues, royalties and acquisition to avoid conflict of interest,” he added.

  • I don’t rely on my husband for basic things – Nana Ama Mcbrown

    I don’t rely on my husband for basic things – Nana Ama Mcbrown

    Ghanaian actress Nana Ama Mcbrown imparts her views on the crucial elements for a thriving marriage.

    During a recent interview with Emelia Brobbey, she disclosed that her personal ethos involves being a highly industrious woman who does not rely on her husband.

    Nana Ama Mcbrown emphasized her commitment to meeting her basic needs, such as styling her hair, applying makeup, and obtaining clothing independently.

    ”As a woman, you have to be hardworking. No woman should depend on her husband for basic needs. If you are going to him to give you money for hair, pad, airtime, phone etc, he will get tired of you eventually. What you can do is tell him that you have an amount of money and beg him to top up for you,” Nana Ama Mcbrown said.

    “I am a very hardworking woman and I don’t depend on my husband for everything. I make sure I make enough money to afford certain basic needs.” She added.

    As previously reported, Nana Ama shared a romantic video with her husband earlier this week to refute rumors that she was having marital issues.

  • Departure from NPP to form GUM was motivated by selfishness –  Osofo Kyiri Abosom

    Departure from NPP to form GUM was motivated by selfishness –  Osofo Kyiri Abosom

    Founder and leader of the Ghana Union Movement (GUM), Rev. Christian Kwabena Andrews, popularly known as Osofo Kyiri Abosom, has provided insights into his departure from the New Patriotic Party (NPP).

    During an interview on Neat FM on December 8, 2023, Osofo Kyiri Abosom revealed that he not only held membership in the NPP but actively campaigned for the party’s success.

    He emphasized his close association with President Nana Addo Dankwa Akufo-Addo, stating that their rapport allowed for direct communication with the President.

    “Until Ghanaians do away with selfish attitudes, it will be difficult to get a third force in our political space. I am not selfish; otherwise, I wouldn’t have formed my party.

    “I was an NPP member before forming my party, that is why I can just pick up the telephone and call Nana Addo to meet him …I used to be with him sometimes till midnight then we would be in Otumfuo’s house,” he said.

    He stated that he had changed his allegiance to the party because of the widespread corruption and embezzlement of public funds.

    “I realized that they were selfish because the purpose for which we clinched power deviated. That is why I told Ken [Kennedy Agyapong] that I want to form my party,” he explained.

  • Ghana’s expenditure on second-hand clothes imports reaches US$214m in 2021 – OEC data

    Ghana’s expenditure on second-hand clothes imports reaches US$214m in 2021 – OEC data

    According to data from the OEC trade repository, Ghana spent $2.6 billion on the importation of 14 products in 2021, with $226 million allocated to fake hair (wigs).

    The other items comprise:

    Rice – $552m

    Poultry – $410m

    Palm oil – $289m

    Mosquito coil and insecticides – $260m,

    Used clothing- $214m,

    Sugar – $185m,

    Processed fish – $128m,

    Tea – $128m,

    Guts, bladders and intestines of animals – $65.7m,

    Soaps and detergents – $41.2m,

    Onions – $33.1 m,

    Brooms – $26m,

    Margarine – $11.7m.

    The Ghanaian government made an unsuccessful attempt to limit the importation of 22 products, including many of the 14 items mentioned above.

    However, facing strong opposition, the government later suspended this initiative. Additionally, it has come to light that the International Monetary Fund (IMF), as part of the three-year $3-billion extended credit facility to Ghana, has advised against implementing any import restrictions from 2023 to 2026.

    As part of the conditionalities, the IMF said on page 76 of the document that there would be “no imposition or intensification of import restrictions for balance of payments reasons”.

    It is one of the four prohibitions imposed by the IMF on the government of Ghana, including “no imposition or intensification of restrictions on making payments and transfers for current international transactions”, “no introduction or modification of multiple currency practices” and “no conclusion of bilateral payments agreements inconsistent with Article VIII of the IMF Articles of Arrangement”.

  • Akua Donkor appeals to Otumfuo to reconcile with Dormaahene

    Akua Donkor appeals to Otumfuo to reconcile with Dormaahene

    Leader of the Ghana Freedom Party, Akua Donkor, has urged Asantehene Otumfuo Osei Tutu II to reconcile with Dormaahene, Oseadeeyo Asagyefo Agyemeng Badu II.

    Donkor, who asserts her traditional connection as a wife to the Ashanti overlord, points to Otumfuo’s past resolution of strained relations with the Akyem Abuakwa Stool as evidence of his capacity to resolve the current standoff with Dormaahene.

    “You demonstrated a lot of wisdom in healing relations with the Akyem and that earned you the title of King Solomon, which is well deserved,” she said in an interview on Kofi TV.

    Resolving his issues with Agyemang Badu II, she emphasized, would only solidify his throne as King Solomon.

    “The way you solved the Akyem issue, please do all it takes to fix the Dormaa issue… the Akyem issue was more contentious but you resolved it, so, please do same with the Dorrmaa case,” she added.

    Last month, Otumfuo attended the funeral of Berekumhene in a ceremony where the Dormaahene was barred through a court process.

    Expressing deep distress over the incident, the Dormaahene stated that the turn of events was painful and that he would not easily forget it.

    The injunction on his participation was supposedly intended to prevent clashes between his followers and those of Otumfuo, amid recent tensions concerning the constitutional powers and jurisdiction of the Asantehene.

    Following the Okyenhene’s earlier visit to Manhyia, Otumfuo returned the favor in 2018 by visiting Akyem Abuakwa.

    The gatherings signaled what many believed to be a warming of ties between the two powerful monarchs.

    Otumfuo said during his visit that the Asantes and Akyems were not enemies and that “our forefathers related very well. And we all came from Adansi and built our communities. Indeed, we are one people.”

    According to historians, pre-colonial politicians like Captain George Maclean and Commander Hill set the two ethnic groups against one another, which led to their eventual enmity.

    As a result of the development, the Akyems killed Opemsuo Osei Tutu II in 1717 when he was crossing the River Pra.

    https://youtu.be/ZOjXPOICgyc
  • Prominent NDC members currently facing criminal charges

    Prominent NDC members currently facing criminal charges

    Akufo-Addo’s government prosecutes former John Mahama’s administration officials for alleged offenses with potential imprisonment consequences in 2019.

    President Nana Addo Dankwa Akufo-Addo disclosed that 21 officials from the previous NDC administration were undergoing trials for their alleged roles in corruption, resulting in financial losses to the state amounting to GHS772 million.

    The President assured that the accused individuals were undergoing proper legal proceedings. This announcement took place during the 2019 Annual Ghana Bar Association conference on Monday, September 9, 2019.

    Trials of NDC Officials: Opuni Number One

    Stephen Opuni, Former CEO of Food and Drugs Authority and COCOBOD in the Mills–Mahama Administration, Faces Multiple Criminal Charges Stephen Opuni, the former CEO of the Food and Drugs Authority and COCOBOD during the Mills–Mahama administration, is currently confronting numerous criminal charges.

    These charges include abetment of crime (defrauding by false pretences), willfully causing financial loss to the state, money laundering, contravention of the Public Procurement Act, and corruption by a public officer.

    Opuni, along with Seidu Agongo and Agricult Ghana Limited, a private business, stands accused. In February 2017, the Economic and Organised Crime Office (EOCO) froze Dr. Opuni’s assets as part of investigations into his tenure as CEO of COCOBOD.

    The allegations suggest mismanagement of the cocoa sector during his term, leading to his removal from office on January 12, 2017.

    Between January 2014 and November 2014, Dr. Stephen Kwabena Opuni is alleged to have abetted Seidu Agongo and Agricult Ghana Ltd in defrauding COCOBOD of an amount totaling Gh₵43,120,000.

    Subsequently, between November 2014 and November 2015, the state claims that Dr. Opuni again abetted Seidu Agongo and Agricult Ghana Ltd in defrauding COCOBOD of the sum of Gh₵75,289,314.72.

    Three NDC MPs

    Ongoing Trials for Alleged Offenses Involving Three NDC MPs Nearing Conclusion Currently, three NDC MPs are undergoing trial for various alleged offenses, and according to court reports, the trials are approaching their conclusion. The individuals facing charges include Dr. Cassiel Ato Forson, the Minority Leader and MP for Ajumako Enyan Essiam; James Gyakye Quayson, the MP for Assin North; and Collins Dauda, MP for Asutifi South.

    Dr. Ato Forson is currently entangled in a criminal case related to an alleged financial loss of €2.37 million to the state. The case centers around a deal to purchase 200 ambulances between 2014 and 2016.

    James Gyakye Quayson is facing trial at the High Court in Accra on charges of forgery and perjury, connected to alleged offenses during the lead-up to the 2020 Assin North parliamentary election. Despite winning the 2023 Assin North By Election, the state is proceeding with the criminal prosecution against him.

    As for Collins Dauda, he and four others are facing 72 counts of charges, including willfully causing financial loss to the state, misapplying public property, issuing false certificates, and dishonestly causing loss to public property.

    The Minority in parliament has said all the above trials “are clear case of “political witch hunt and judicial manipulation”

    Sedina Attionu Tamakloe and MASLOC

    Former Mahama Appointee Sedina Tamakloe Attionu Faces Trial in Absentia for Alleged Financial Loss Sedina Tamakloe Attionu, a former appointee of ex-President Mahama, is currently on trial in absentia at an Accra High Court following her role as the CEO of the Microfinance and Small Loans Centre (MASLOC) during the NDC government.

    Attionu, facing charges for allegedly causing a financial loss of GH¢90 million to the state during her tenure as MASLOC CEO from 2013 to January 2017, has been absent from the trial since October 2021. She was granted court permission to travel to the USA for medical treatment.

    The presiding judge, Justice Afia Serwaa – Botwe, ruled that Attionu should be tried in absentia due to her refusal to participate in the proceedings. This decision aligns with Article 19(3a) of the 1992 Constitution, which empowers a court to proceed with the trial in absentia when the accused fails to appear.

    As per the court’s ruling, the notice of trial in absentia should be prominently displayed on the court’s notice board and in a national newspaper for a period of 21 days.

    Samuel Ofosu Ampofo Tape Case

    Former NDC Chairman Samuel Ofosu Ampofo and NDC Communications Officer Anthony Kwaku Boahen Have Been on Trial Since December 2019 Since December 2019, Samuel Ofosu Ampofo, the former Chairman of the National Democratic Congress (NDC), and Anthony Kwaku Boahen, an NDC Communications Officer, have been undergoing trial.

    Ofosu Ampofo faces charges related to a leaked tape in which he is alleged to have planned criminal activities in the country and intended to attribute them to the ruling New Patriotic Party (NPP). The leaked tape reveals strategies, including the creation of a general state of insecurity through kidnappings and arson, as well as verbal attacks on public officials such as Prof. Emmanuel Asante, the Chairman of the National Peace Council, and Jean Mensa, the Electoral Commission Boss.

  • Ayorkor Botchwey calls for transforming insights from UN ministerial meeting into concrete action

    Ayorkor Botchwey calls for transforming insights from UN ministerial meeting into concrete action

    Foreign Affairs Minister, Shirley Ayorkor Botchwey calls for actionable steps from member-states at 2023 UN Peacekeeping Ministerial.”

    During the inaugural day of the ministerial meeting, the Minister for Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey, encouraged all participating member-states to translate the knowledge and insights shared at the 2023 UN Peacekeeping Ministerial into concrete actions.

    In her address, she underscored the pressing security challenges globally, emphasizing the need for ongoing dedication and cooperation. She asserted that applying the knowledge gained from the meeting would significantly contribute to promoting global peace and security.

    “I urge each participant to translate the insights gained and commitments made during our time together here into tangible actions that will contribute to global peace and security,” she encouraged.

    The flagship event is the first to be held on the African continent and the fifth ministerial-level gathering organized by the United Nations and the Republic of Ghana.

    She further highlighted that the UN Peacekeeping Ministerial is a “platform for the exchange of innovative approaches, best practices and lessons learned in the field of peacekeeping” – adding that the in-depth knowledge shared by participating nations will deepen the globe’s collective understanding, and also provide a solid foundation for “developing comprehensive strategies to address contemporary peacekeeping and security challenges”.

    Ms. Botchwey noted that she hopes the event will be marked “by a rich tapestry of ideas, perspectives and collaborative efforts”, as well as a continuous collective commitment by all member-states to strengthen UN peacekeeping operations.

    She anticipates that the richness of discussions, variety of perspectives, and commitments voiced during the meeting will be grounded in the strength derived from global unity in addressing the complex challenges defining our contemporary global landscape.

    The minister urged all participating nations to explore some of Accra’s historic sites, including the iconic Black Star Square, Kwame Nkrumah Memorial Park, and Mausoleum, among others.

    Discussing the selection of Accra as the venue for this year’s UN peacekeeping ministerial meeting, Jean-Pierre Lacroix, the United Nations Under-Secretary-General for Peace Operations, noted its appropriateness due to Africa being a continent where the majority of peacekeeping operations occur. He highlighted Ghana’s significance as one of the most important contributors of troops and police on the continent.

    Mr. Lacroix commended the country for hosting the meeting, citing political recommitment to peacekeeping, the opportunity to celebrate peacekeepers’ achievements, and learning about member-states’ pledges as the three primary reasons for the gathering.

    He explained that the political recommitment of nations is critical to peacekeeping, because the UN as a whole is operating against the backdrop of a more divided world and a more divided international community – adding the presence of all member-states in Accra “is a reflection of that strong commitment”.

    Mr. Lacroix emphasized that the ministerial meeting serves as a forum to honor the accomplishments of peacekeepers, pointing out that this is significant because thousands of civilians depend on these men and women to keep their lives safe every day.

    He also emphasized how each member state and its security agency individually contributes in terms of partnerships, technology, and training.

    “There’s nothing we can do without the contribution of our member-states, without the men and women, the units, the individual police and military officers, the support that all of us can provide in terms of training, technology and partnerships,” he emphasised.

  • NPP MP warns Special Prosecutor against Judicial criticisms

    NPP MP warns Special Prosecutor against Judicial criticisms

    The Special Prosecutor, Kissi Agyebeng, has come under fire from Member of Parliament Alfred Obeng-Boateng of the Bibiani-Anhwiaso Bekwai constituency. In a recent press conference, he claimed that the judiciary was in some way impeding his work.

    Speaking at a panel discussion on December 8, 2023, on Peace FM’s Kokrokoo, he questioned Agyebeng’s reasoning for calling a press conference and making a public allegation that the judiciary was impeding his work.

    He claims that the OSP has already expressed regret for his actions.

    “We thank the OSP for his seriousness in fighting corruption in the country and how he is doing his job.

    “The government is supporting him with all the needed resources to be able to do his work … however he is claiming facing frustration from the judiciary and for that, he should know better because I am sure by this time, he has regretted saying those things, as a lawyer, he should not be saying these things in public,” he said.

    At the aforementioned press conference, Kissi Agyebeng discussed his observations regarding a pattern of dismissals by certain members of the judiciary with reference to the OSP’s work.

    The OSP then made reference to four occasions in which the court issued rulings in support of suspects under investigation by his office for corruption and cases related to corruption.

    “We do not force feed cases; we do not force feed our prosecutions. It is our belief that it is not a matter of us going beyond our mandate but rather a case of hasty dismissiveness and lack of regard because if you take the four cases I tabled out over a period of time spanning from July 2022 to Monday, there is a troubling trend.

    “In one of the cases, I said a judge injuncted us from arresting a person. Mind you, we were not in court. We had declared the person wanted as a fugitive from justice, there was absolutely no enquiry as to why we believed that the person was a fugitive from justice so it is not as if we breached the law.

    “No one asked us why we declared the person wanted. Then we were served with an injunction order that we cannot arrest the person meanwhile we know that in our law no one has the right not to be arrested. You cannot say you are granting a person a right not to be arrested.

    “So when we receive judicial decisions like that it makes us assume that we are being prevented from arresting someone who is a fugitive from justice,” he said.

    Agyebeng’s statements follow the rejection of multiple requests and applications by the Office of the Special Prosecutor (OSP) in its ongoing battle against corruption.

    In July 2022, the Accra High Court dismissed the OSP’s plea to freeze the assets of the late Kwadwo Owusu Afriyie, also known as Sir John, the former CEO of the Forestry Commission. This decision came after the OSP had frozen all assets linked to Sir John as part of an inquiry into the acquisition of state lands and properties specified in his will.

    Agyebeng cautioned against potential risks if the court persists in restraining or prohibiting investigations, suggesting that even individuals accused of serious crimes, such as murder, might increasingly seek injunctions to shield themselves from prosecution.

    In addressing the challenges he has encountered since assuming the position of Special Prosecutor, Agyebeng emphasized a recent court ruling that halted his investigation into the Labianca tax case. The court nullified adverse findings made by the OSP against Col.

    Damoah and Adu-Kyei, accusing them of misconduct in granting tax waivers to Labianca Company, owned by Council of State member Eunice Asomah-Hinneh.

    Despite the court’s decision, Agyebeng has pledged to continue pursuing the case, expressing concerns about the worrisome precedent set by frequent court interference in his investigative work.

  • Unstable networks, taxes, and fraud challenges impede electronic transactions

    Unstable networks, taxes, and fraud challenges impede electronic transactions

    The Ghanaian government has been making efforts to promote widespread adoption of mobile money transactions.

    However, challenges such as taxes, fraud, and network instability have hindered people from fully embracing the platform.

    Samuel Prah, a 35-year-old phone and accessories dealer in Tech Junction, Kumasi, has been unimpressed with mobile money (MoMo) transactions due to ongoing issues with network challenges, occasionally leading to disputes.

    “The problem I usually face with mobile money is the network. At times, the clients will send the money and then receive the message but (the transfer) won’t reflect in my balance. This mostly happens when the network is bad. On several occasions, I’ve gotten into disagreements with clients,” he said.

    As per the Bank of Ghana, mobile money (MoMo) transactions reached 264.1 billion in the first two months of 2023. Mobile money serves as a quick, convenient, secure, and affordable method for transferring money and making payments using a mobile phone.

    With an estimated 3 to 4 million Ghanaians living abroad, many regularly use mobile money to send funds to their families back home.

    In 2022, there were 12,166 recorded cases of mobile money fraud. Abena Boakye, a provisions vendor who has relied on mobile money for transactions over five years, has faced several fraud incidents during this period, though she has managed to overcome them.

    “I have encountered a lot of fraud incidents. They call you and the first thing they say is ‘Sister oo London’. I have so much experience in the mobile money business therefore no fraudster can dupe me,” she revealed.

    But that is not the case with Sara, a pastry goods seller at Ahodwo. She suffered in the hands of a fraudster during a mobile money transaction.

    “He asked, to purchase three loaves with mobile money. Though it registered on my phone that the money had dropped, I soon found out after he left, that it couldn’t come through,” she revealed.

    Meanwhile Mr. Selorm Adadevoh, CEO of MTN Ghana has urged partners and stakeholders to increase fraud awareness and beef up security measures to address the scam.

    According to him, “MTN MoMo has recently signed a Memorandum of Understanding with the Economic and Organized Crime Office (EOCO) and has expressed the hope that their partnership would go a long way in addressing MoMo fraud and bring perpetrators to book.”

    Mobile Money transactions have surged since the implementation of E-levy in May 2022. However, a survey carried out by Nana Anyidoho, an Associate Professor at the Institute of Statistical, Social and Economic Research (ISSER) and the Director of the Centre for Social Policy Studies (CSPS), at the University of Ghana, of 2,700 self-employed informal sector operators found that “the e-levy is highly regressive.

    “In other words, our data show that the lowest earning informal sector operators pay a larger share of their earnings towards the levy than higher earners.”

    “We also saw that most informal workers disapprove of the e-levy,” she added.

    Indeed, Atta Maame, a gari and beans seller at Kejetia, is yet to come under the sickle of fraudsters but the charges on transactions haven’t failed to cut somehow deep. She has therefore resorted to physical transactions.

    “I haven’t experienced any MoMo fraud yet. Some clients pay with MoMo and do refuse to add the charges. These charges are deducted from my account… So, I rather take physical cash,” she said.

    Prof. Anyidoho recommends: “Efforts to protect the poorest mobile money users (often the unbanked working in the informal sector) should be the priority.”

    She contends that although Ghana’s use of a protective threshold is a crucial component of the policy—more crucial than, say, just lowering the rate—it falls short of adequately shielding the impoverished.

    According to Samuel Adomako, a systems analyst at Narrowlite International, these violations have the potential to undermine the progress that the mobile money system has made. He wants policies to be implemented by the government to stop these regrettable trends.

    “These issues have become one too many. It makes it difficult for us to reap the full benefits the system has to offer. I think government can roll out policies to lessen these problems,” he said.

    This report is produced under the DPI Africa Journalism Fellowship Programme of the Media Foundation for West Africa and Co-Develop.

  • Jackie Appiah faces backlash over weight loss revelation

    Jackie Appiah faces backlash over weight loss revelation

    Ghanaian actress, Jackie Appiah is facing significant criticism following her acknowledgment of rumors about her dramatic weight loss journey.

    Recent speculations suggested that Jackie underwent gastric sleeve surgery, leading to a substantial weight reduction in a short period.

    The once curvy and round-shaped actress now appears thinner, with noticeable weight loss around her hips and flabbier arms. Netizens have expressed criticism, asserting that her previous body stature was more appealing.

    Despite the rumors, Jackie has shared a ‘before and after’ photo on Instagram, hinting at an upcoming revelation of her weight loss secret.

    “Get ready for the big reveal! I’ll be sharing my weight loss secret in an exclusive video soon. Take a look at the flier and guess which products I’ve been using. Comment your answers and tag the brand for a chance to win a pack of my weight loss secret! Let’s do this together! #WeightLossJourney #Transformation #GuessAndWin,” she wrote as caption to the post.

    This action has heightened the criticism directed at her post, which has since received thousands of comments.

  • Amin Adam reaffirms confidence in debt restructuring process

    Amin Adam reaffirms confidence in debt restructuring process

    Minister of State at the Finance Ministry, Dr. Mohammed Amin Adam, has once again expressed government’s confidence in the assurances received from the external creditor committee regarding the terms of debt restructuring.

    He indicated that the government anticipates receiving feedback from the creditors soon, facilitating the disbursement of the next tranche of the International Monetary Fund (IMF) loan.

    While acknowledging that the government missed the November deadline, Dr. Amin Adam stated that the expectation is to receive the next $600 million by the end of the year.

    He said, “What is outstanding is for our creditors, our external creditors to also make a certain decision which I believe they will make sooner, in order for us to tick all the boxes, and then the IMF will have a board meeting after which the disbursement of the funds will be done.”

    “The discussions have been very positive and encouraging, and we are confident that they will make a decision sooner,” Dr Amin Adam said.

  • Ghana’s mineral resources yet to propel development – Kwame Jantuah

    Ghana’s mineral resources yet to propel development – Kwame Jantuah

    CEO of African Energy Consortium Limited And legal practitioner, Kwame Jantuah, laments Ghana’s failure to fully exploit its mineral resources and underscores the importance of strategic development for achieving self-sufficiency.

    During a recent interview on TV3’s New Day, Jantuah highlighted that despite Ghana’s abundant resources, the country trails behind others, such as South Africa, in fully leveraging its minerals for national development.

    He raised concerns about the comparative impact of mineral resources on the progress of the country, particularly in contrast to the advancements seen in South Africa.

    “Let me ask you, in this fourth republic, the longest republic we have, which of our mineral resources has developed our country, which, on the level of South Africa? Which? None,” remarked Jantuah.

    Drawing from his experience with a Lithium program in 2015, Jantuah emphasized the significance of acknowledging and harnessing resources like Lithium, which he identified as the “next gold in the world.”

    He called on leaders to assess the inventory of available resources, including lithium, oil, glass sand, and silica, essential components in emerging energy technology.

    Jantuah cautioned against the impact of personal interests in politics, asserting that the current political environment prioritizes individual gains over national development.

    “We have lithium, we have oil, we have glass sand and we have silica, all the current elements in energy technology, including oil, if we are still on right we can turn this thing into plastic palettes is to do panels for electrics cars, we won’t excel if we stop this personal interest that we do in our politics, forget it , you are gonna get nothing because the politicians we have today , think of themselves first “

  • First crude cargo received by Dangote Refinery

    First crude cargo received by Dangote Refinery


    Dangote Petroleum Refinery and Petrochemicals have taken a significant stride in enhancing Nigeria’s domestic refining capacity and achieving energy self-sufficiency.

    The refinery recently procured one million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO), a major trading entity operating in Nigeria and globally, handling over eight million barrels of crude oil daily.

    The STASCO cargo, comprising one million barrels from Agbami, was transported to Dangote Refinery’s Single Point Mooring (SPM) and discharged into the refinery’s crude oil tanks.

    This initial supply, marking the first phase of the planned six million barrels from various suppliers, will support the initial processing capacity of 350,000 barrels per day at the refinery. Subsequent shipments will come from the Nigerian National Petroleum Corporation (NNPC), ExxonMobil, and other suppliers.

    These supplies are crucial for the refinery’s initial operations, aiding the production of diesel, aviation fuel, and LPG before progressing to Premium Motor Spirit (PMS) production.

    This development is expected to address fuel supply challenges not only in Nigeria but also in other West African countries.

    The Dangote Petroleum Refinery, designed to handle 100% Nigerian crude while accommodating various African, Middle Eastern, and even US crude grades, boasts a daily processing capacity of 650,000 barrels. The refinery aims to fulfill 100% of Nigeria’s refined product requirements, including gasoline, diesel, kerosene, and aviation jet fuel, with surplus quantities available for export.

    Equipped with offshore facilities, the refinery features two Single Point Mooring systems for crude intake and three for discharging petroleum products. It also has the capability to load 2,900 trucks daily at its truck loading gantries. Complying with international standards such as Euro V specifications, US EPA, European emission norms, Department of Petroleum Resources (DPR) emission/effluent norms, and African Refiners and Distribution Association (ARDA) standards, the refinery ensures high-quality production while contributing to Nigeria’s energy security.

    President of Dangote Group, Aliko Dangote stated: “We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects. Our focus over the coming months is to ramp up the refinery to its full capacity. I look forward to the next significant milestone when we deliver the first batch of products to the Nigerian market.”

    Country chairman of Shell Companies in Nigeria, Osagie Okunbor said: “We welcome the startup of a refinery that is designed to produce gasoline, diesel, and low-sulphur fuels for Nigeria and across West Africa and are happy to be enabling it.”

  • Hold accountable those responsible for 2020 election murders – NDC urges Akufo-Addo

    Hold accountable those responsible for 2020 election murders – NDC urges Akufo-Addo

    In anticipation of the 2024 election, the National Democratic Congress (NDC) has urged President Akufo-Addo to allay his concerns by bringing criminal charges against those responsible for the killing of eight citizens during the 2020 election.

    The NDC is demanding that the government take action regarding the eight citizens who were killed during the 2024 election, according to a statement made by Kakra Essamuah, the NDC’s director of communications.

    “It is even more baffling that even though this incident is the first of its kind since the advent of the 4th Republic in 1992, yet none of the personalities or institutions named above finds it expedient to commiserate with the bereaved families, offer compensation, or even take strenuous steps to employ the law to punish the offenders.

    “The recent comments on matters of security in the impending 2024 General Elections from the President and the Chairperson of the Electoral Commission is a reflection of their apprehension towards the said election. These fears can be erased or wiped off only if we investigate and prosecute the people behind the gruesome murder of the 8 innocent citizens,” Mr. Essamuah stated.

    Below is the full statement from the NDC

    NDC STATEMENT DEMANDING ACTION ON THE 3RD ANNIVERSARY OF THE MURDER OF EIGHT (8) GHANAIANS IN THE 2020 GENERAL ELECTIONS.

    In the immediate aftermath of the General Elections in 2020, eight (8) Ghanaians were shot dead by security forces who were called in to provide law and order. Since this dastardly event took place in various constituencies throughout the country on 8th December 2020, the government has done little or nothing by way of identifying the perpetrators and prosecuting them to set an example as a deterrent.

    Even worse, neither the President, Nana Addo Dankwa Akufo-Addo, the Vice President, Dr. Mahmud Bawumia, nor the New Patriotic Party as the governing party, has seen it fit to express their revulsion against the mindless spilling of blood by members of the security agencies.

    It is even more baffling that even though this incident is the first of its kind since the advent of the 4th Republic in 1992, yet none of the personalities or institutions named above finds it expedient to commiserate with the bereaved families, offer compensation, or even take strenuous steps to employ the law to punish the offenders.

    The recent comments on matters of security in the impending 2024 General Elections from the President and the Chairperson of the Electoral Commission is a reflection of their apprehension towards the said election. These fears can be erased or wiped off only if we investigate and prosecute the people behind the gruesome murder of the 8 innocent citizens.

    On the occasion of the 3rd anniversary of this ignoble event, leadership and membership of the National Democratic Congress take note of the continued abandonment of the duty of the Akufo-Addo government to bring the perpetrators to book, whilst proclaiming that when the people of Ghana return the NDC led by H.E. John Mahama to power in a year’s time, the investigation, prosecution and the punishment of those responsible for what happened on 8th December, 2020, shall be an immediate and prime focus of the new government.

    The NDC is demanding an urgent and purposeful investigation into this matter and a swift and decisive prosecution to serve as a deterrent to other elements in our society for whom the spilling of the blood of innocent Ghanaians is a stepping stone for them to achieve power.

    ISSUED IN ACCRA THIS 8TH DAY OF DECEMBER 2023
    ( KAKRA ESSAMUAH esq)
    DIRECTOR OF COMMUNICATIONS

  • Canada imposes stringent financial criteria for international students

    Canada imposes stringent financial criteria for international students


    The Canadian government has declared a reassessment of visa prerequisites for international students applying for study permits.

    This initiative, labeled the “cost-of-living financial requirement for study permit applicants,” will result in an escalation of fees from $10,000 to $20,000, starting from January 1, 2024.

    The goal of the action, according to Canadian Minister of Immigration, Refugees, and Citizenship Marc Miller, is to ensure that foreign students who wish to apply for study permits are able to support themselves financially while living in the nation.

    “Starting January 1, 2024, the cost-of-living financial requirement for study permit applicants will be raised so that international students are financially prepared for life in Canada,” a statement from the ministry said.

    “For 2024, a single applicant will need to show they have $20,635, representing 75% of LICO, in addition to their first year of tuition and travel costs. This change will apply to new study permit applications received on or after January 1, 2024,” it added.

    The Canadian authorities further pointed out that the review “will help prevent student vulnerability and exploitation.”

    Canada, which has recently become a sought-after destination for immigration, maintained a financial requirement of $10,000 for study permit applicants (international students) for nearly two decades.

    This recent announcement from Canada closely follows the United Kingdom’s introduction of new visa regulations and a salary threshold for foreign workers, making visa acquisition more challenging for individuals, including Ghanaians.

    The Conservative Party, led by Prime Minister Rishi Sunak, proposed these changes, necessitating individuals applying for working visas to have a minimum annual income of £38,700 (GH¢587,578), a substantial increase from the previous £26,000 (GH¢393,444).

    These figures surpass the existing median average salary of a full-time worker in Britain.

    The measures, presented by Home Secretary James Cleverly, aim to reduce annual immigration by 300,000 in the coming years, although a specific timeline for achieving this was not provided.

    The UK Home Secretary also announced additional measures, including restrictions on overseas care workers bringing family dependents and the plan to eliminate the 20 percent salary discount that recruiting firms can offer workers on the shortage occupation list.

  • MP clarifies suspension of import restriction L.I. for further consultation

    MP clarifies suspension of import restriction L.I. for further consultation

    MP for Akim Oda, Alexander Akwasi Acquah, has clarified that the suspension of the Legislative Instrument (L.I.) aiming to restrict the importation of 22 ‘strategic’ items is intended for additional consultation.

    The Export and Import L.I. seeks to grant the Trade Minister the exclusive authority to license individuals wishing to import specified items into Ghana.

    The list includes essential items like rice, poultry, animal organs, oils, margarine, fruit juice, beverages, ceramic tiles, corrugated paper, mosquito coils, soaps, motor cars, iron and steel, diapers, polymers, fish, sugar, clothing, biscuits, canned tomatoes, and aluminum products.

    Appearing on the Asaase Breakfast Show on Friday, December 8, he mentioned that the consultation aims to incorporate additional perspectives before finalizing the legislation.

    “The suspension is based on the fact that we need to consult more, this is a very good step that government is taking and so we think we need to carry along everybody,” Acquah said.

    “For such a very important programme, if you have resistance from one or two people, it doesn’t augur well, we need to be together,” he added. “We need everybody on board to make it real, so this is to afford us the opportunity to do some more consultation.”

  • Bank of Ghana issues warning, reiterates 60-day Grace period for exporters

    Bank of Ghana issues warning, reiterates 60-day Grace period for exporters

    The Bank of Ghana (BoG) has cautioned exporters against failing to repatriate a portion of their proceeds, emphasizing that sanctions will be imposed for non-compliance.

    The central bank stressed that the 60-day grace period granted to exporters will be strictly enforced to prevent abuse.

    Additionally, the BoG urged exporters to utilize the Bank’s Letter of Commitment Documents to facilitate their export transactions.

    Eric Hammond, Chief Manager overseeing Foreign Global Transfer and Remittance at the Bank of Ghana, highlighted ongoing collaboration with security agencies to ensure exporters adhere to regulations.

    Mr. Hammond emphasized the central bank’s willingness to engage with exporters to ensure compliance with repatriation requirements during a sensitization workshop on the Bank of Ghana Letter of Commitment.

    “The objective is not to stifle your operations but to save it rather. We need you as you need us and that’s exactly what we are doing here.”

    “After the 60 days and you are not complying, the system will block you and that means you would have to come to the Bank of Ghana which adds up to your cost”.

    He added “We are not blocking you but the system does that. So let’s do well to do it so. It doesn’t prevent you guys from doing further exportation. We don’t have the power to prosecute you but we are engaging the security services on that”.

    He stressed that exporters found culpable could encounter penalties, such as a fine of 5,000 penalty units, equivalent to ¢60,000, or imprisonment for up to 10 years, or both.

    The significance of repatriating export proceeds was underscored, with an emphasis on its role in building reserves and fortifying the local currency. This, he stated, contributes to the enhancement of trading activities, playing a pivotal role in facilitating Ghana’s broader transformation agenda.

    During the forum, participants raised a spectrum of concerns, including the escalation of freight charges, difficulties with the Letter of Commitment (LOC) system, the application of exchange rates surpassing the BoG rate at ports, bureaucratic impediments, and a perceived lack of financial and technical support from government and regulators.

  • Global 5G coverage expected to reach 85% by 2029, led by Africa – Ericsson report

    Global 5G coverage expected to reach 85% by 2029, led by Africa – Ericsson report

    The number of mobile subscriptions in Sub-Saharan Africa is projected to surpass 1.1 billion by the end of 2029, with 5G subscriptions experiencing the fastest growth at a rate of 60% annually between 2023 and 2029, according to a recent report.

    Fixed Wireless Access (FWA) is identified as a crucial technology to meet the growing broadband demands in Africa.

    Key markets such as South Africa, Angola, Nigeria, Kenya, Zambia, and Zimbabwe have already launched 5G FWA services due to its cost-effectiveness, rapid deployment capabilities, and inherent flexibility.

    Hossam Kandeel, Vice President and Head of Global Customer Unit MTN and Customer Unit MTN Africa at Ericsson Middle East and Africa, emphasized the significance of this shift.

     “In the latest edition of the Ericsson Mobility Report, it is found that Sub-Saharan Africa is poised to remain the region with the highest growth in total mobile data traffic in the forecast period. This growth will be driven by the expansion of 4G network coverage across the continent and the increasing affordability of data and smartphones.”

    Ericsson’s report predicts a substantial surge in global 5G subscriptions, projecting an increase of over 330% from 1.6 billion to 5.3 billion between the end of 2023 and 2029.

    The forecast also anticipates that 5G coverage will be accessible to more than 45% of the global population by the close of 2023, with a significant expansion to reach 85% by the conclusion of 2029.

  • World Bank aims to bring electricity to 100m Africans by 2030 – President Ajay Banga

    World Bank aims to bring electricity to 100m Africans by 2030 – President Ajay Banga

    President of the World Bank, Ajay Banga, unveiled an ambitious plan during the mid-term review of the International Development Association’s (IDA) $93 billion replenishment package.

    Banga emphasized this initiative as an example of how funds from the bank’s International Development Association, offering zero- or low-interest loans to low-income countries, can make a significant impact.

    He urged donor countries to provide support, highlighting the anticipation of 1.1 billion young people in the Global South reaching working age over the next decade.

    What the president said:

    “But how can we hope to make even adequate progress while 600 million people in Africa – 36 million of whom live here in Tanzania – still don’t have access to reliable electricity? Put simply: We can’t.”

    Banga talked about the bank’s current assessment of the $93 billion IDA replenishment round. In the next round, which is set for December 2024, he said he hoped donors would break yet another record.

    “We are pushing the limits of this important concessional resource and no amount of creative financial engineering will compensate for the fact that we need more funding,” he said.

    After attending the COP28 climate summit in Dubai, Banga, the former CEO of Mastercard Inc., arrived in Zanzibar. During an interview in Dubai on Sunday, he shared his reflections on the experience.

     “There is a lot of energy. There seems to be political alignment. I’m going to take all the tailwind I can get.”

    A significant section of the populace struggles with unreliable electricity across the continent. Numerous factors, such as the high cost of electricity and insufficient infrastructure, contribute to the lack of accessibility to electricity in many regions.

  • Cedi trading at GHS12.25 per dollar, BoG interbank rate at GHS11.63

    Cedi trading at GHS12.25 per dollar, BoG interbank rate at GHS11.63


    Today’s Interbank forex rates from the Bank of Ghana, dated December 8, 2023, indicate that the Ghana Cedi is currently trading against the US Dollar at a buying rate of 11.6236 and a selling rate of 11.6352.

    In Accra’s Forex bureau, the Dollar is being bought at 12.00 and sold at 12.25.

    Against the Pound Sterling, the Cedi has a buying rate of 14.6085 and a selling rate of 14.6243.

    At an Accra Forex Bureau, the Pound Sterling is bought at 15.00 and sold at 15.50.

    The Euro is trading at a buying rate of 12.5309 and a selling rate of 12.5434.

    In an Accra Forex Bureau, the Euro is bought at 12.80 and sold at 13.30.

    For the South African Rand, the buying rate is 0.6175, and the selling rate is 0.6180.

    In an Accra Forex Bureau, the South African Rand is bought at 0.40 and sold at 1.10.

    The Nigerian Naira has a buying rate of 72.2385 and a selling rate of 72.8688.

    At an Accra Forex Bureau, the Nigerian Naira is bought at 9.00 Naira per 1 Cedi and sold at 15.00.

    Regarding the CFA, the buying rate is 52.2950, and the selling rate is 52.3472.

    In an Accra Forex Bureau, the CFA is bought at 17.30 CFA per 1 Cedi and sold at 19.80 CFA per 1 Cedi.

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

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

  • We should vote for Bawumia to continue the good work – Chairman Wontumi

    We should vote for Bawumia to continue the good work – Chairman Wontumi

    Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Bosiako, widely known as Chairman Wontumi, asserts that Ghana is experiencing significant progress under the leadership of President Nana Addo Dankwa Akufo-Addo.

    Chairman Wontumi contends that the NPP administration has brought about a transformative change in the country.

    To support his claim, he points to the notable infrastructural advancements in suburbs like Cantonments, Labadi, and East Legon as tangible evidence of Ghana’s positive transformation, boldly stating that the nation is now surpassing London in the United Kingdom in terms of development.

    In a December 7, 2023 interview on Asempa FM, Chairman Wontumi urged Ghanaians to back the ongoing administration’s continuity by casting their votes for Vice President Dr. Mahamudu Bawumia as the next president.

    “I came to Accra the last time and I used the Labone, Cantonments, and East Legon stretch, and you can see that Ghana is changing and now I can say that Ghana is better than London because if you look at different story buildings that are under construction and all, it means that we are working in this country, the country is changing and it’s changing for good.

    “ …and I am pleased as a Ghanaian, that’s why I am saying we should vote for Dr. Bawumia to continue the good work,” he said.

    He claims that since President Akufo-Addo took office, the nation has experienced growth and development.

  • Banking sector clean-up leaves thousands jobless and poor – Mahama

    Banking sector clean-up leaves thousands jobless and poor – Mahama

    Thousands of skilled financial sector workers are now unemployed and facing poverty due to the government’s banking sector clean-up, according to former President John Mahama.

    He made these remarks during the 9th Ghana CEO Network Business Cocktail on Thursday, December 7, 2023, emphasizing that the 24-hour economy is a crucial factor for the Ghanaian economy.

    According to him, experiences from Ghana defy all the models and theories taught in Business Schools – because “if you have survived this economy since 2018, then you are a successful global case study.”

    “Like my first participation, I have enjoyed your warm friendship and insightful conversations and shared great ideas with many of you here tonight. Of course, my determination to transform Ghana’s economy into a 24-hour working economy featured prominently in the conversations.

    “But I cannot help but repeat the point made by one of the CEOs, with deep regret written on his face, that “we want to pay every legitimate tax, BUT the needless harassment from GRA must stop. Back-dated tax audits, re-audits and assessments based on the whims of the taxman are killing businesses”, he lamented,” the former President narrated.

    Mr. Mahama claims that a lot of businesses are still negatively impacted by the current economic crisis.

    Contrary to the Finance Minister’s claim, he said, “we have not turned any corner, and 2024 will be a very challenging year.” This is why.

    “Many have shut down their businesses, and hundreds of thousands of laid-off workers are still at home. Businesses that moved headquarters from Ghana to our neighbouring countries have yet to return. The poorly thought-through banking sector clean-up has left thousands of skilled financial sector workers, jobless and impoverished.

    “As I speak, the second tranche of the IMF’s Extended Credit Facility, due on the first of November, has still not been received because of a delay by our external creditors to sign off on our debt restructuring programme. Of course, the consequences of our debt default have also started manifesting. For the first time in thirty years, Ghana struggled to assemble a cocoa-syndicated loan, which had almost become routine on our financial calendar. Major infrastructure projects have stopped because lenders have cut funding as a direct fallout from our debt default.”

  • 20% of 282m Africans undernourished – Report

    20% of 282m Africans undernourished – Report

    A new report by the African Union and three UN bodies has disclosed that nearly 282 million people in Africa, constituting about 20% of the continent’s population, are grappling with undernourishment.

    Shockingly, this figure represents an increase of 57 million people since the onset of the COVID-19 pandemic, signaling a concerning deterioration in Africa’s food crisis.

    “The majority of Africa’s population – about 78%, or more than one billion people – remain unable to afford a healthy diet, compared with 42 percent at the global level, and the number is rising,” the agencies added.

    The report attributes the pervasive unaffordability of nutritious food to the rising costs of food in recent years, particularly in Western and Eastern Africa.

    This situation has impacted “not only the poor but also a large proportion of people defined as non-poor” unable to maintain a healthy diet.

    Additionally, according to the agencies, malnutrition causes stunting in about 30% of children under five on the continent.

  • ECG Juapong district launches “Fix the Bill, pay the Bill” initiative

    ECG Juapong district launches “Fix the Bill, pay the Bill” initiative

    The Juapong District of the Electricity Company of Ghana, located in the Tema Region, has actively participated in the company’s recent customer service engagement initiative known as “fix the bill, pay the bill.”

    Commencing on November 6, 2023, the project aims to ensure that customers using postpaid meters have their meters accurately read and inspected to verify proper functionality.

    Additionally, the project endeavors to prompt customers with outstanding balances for services rendered to settle their bills promptly, or face the risk of disconnection to prevent accumulating debt. The project is scheduled to conclude on December 11, 2023.

    Established on December 1, 2021, the Juapong District is the newest addition to the Tema Region, serving customers who were previously part of the region’s Krobo District.

    The district covers areas such as Apegusu, Mpakadan, Asikuma, Nkwakuben, Labolabo, Anum, Dodi, Sebekope, Avedotoe, Adegblevi, Amegame, and Porportia, all of whom are postpaid customers. Consequently, a concentrated effort has been directed towards the Juapong District for the success of this project.

    Speaking on how the exercise has been so far, the Juapong District Manager, Ing. William D. K. A. Ahenkorah remarked that “the exercise has been going on smoothly and customers have been generally supportive”, adding that “there have been few challenges though with regards to non-access to the meters as they are within the compounds of some customers”.

    In order to verify the integrity of the meters, Ing. Ahenkorah stated that occasionally they paid visits at various times.

    Regarding clients who owe the business money for services already rendered, Ing. Ahenkorah cautioned and urged the clients to try to make good on their payment obligations in order to prevent being cut off from the supply.

    Additionally, he said that clients should stop making unauthorized connections since the business views them as theft.

    To this end, he added that “they can be fined by the Courts, should they be processed for it, as ECG has the mandate to prosecute in such instances”.

  • How to determine original crypto apps from fake ones

    How to determine original crypto apps from fake ones

    For both new and experienced crypto investors, security is a top priority, given the rising sophistication of cybercriminals. Binance, the world’s largest cryptocurrency exchange, shares tips to avoid falling victim to crypto app scams.

    Nadeem Anjarwalla, Director for Binance in East and West Africa, emphasizes the stringent measures in place to protect users and their investments against fraud. However, cybercriminals create applications mimicking legitimate ones, making it challenging to identify them.

    Anjarwalla suggests that investors download the Binance app only from authorized sources: the Binance website, the Apple app store, or Google Play.

    Fake apps are often distributed through third-party stores, counterfeit app stores, or via social engineering tactics like emails or SMS messages.

    Even when fake apps appear on official stores, users should scrutinize them. Anjarwalla provides warning signs, such as distorted icons, unnecessary authorizations, and a careful review of the developer’s privacy policy and reviews.

    Grammar mistakes, low download numbers, or a recent release date can also indicate a fake app.

    Downloading fake apps poses various risks, including ad bots, hostile content, ransomware, spyware, billing fraud, and potential involvement in cryptocurrency mining attacks.

    Anjarwalla advises users to read descriptions, reviews, and privacy policies carefully, avoid suspicious links, and activate two-factor authentication for added security. If a fake app is suspected, it should be promptly deleted, and the incident reported to the app store.

    FeaturedBy: Binance/Pulse News Ghana

  • Parliament’s approval for Lithium mining lease mandatory – Abu Jinapor

    Parliament’s approval for Lithium mining lease mandatory – Abu Jinapor

    Parliament will approve the mining lease awarded to Barari DV Ltd, according to Minister of Lands and Natural Resources Samuel Abu Jinapor.

    In a press conference held in Accra on Thursday, he stated that the ratification of the lithium mining lease is compliant with Act 703’s Section 5(4) and Article 268(1) of the Constitution.

    He pointed out that an agreement of this kind has to pass through a number of procedures, including getting Cabinet approval, before it can be presented to Parliament.

    “The processes are ongoing and once completed, the agreement would be laid before Parliament for consideration and ratification,” he added.

    Mr. Jinapor claims that this agreement is exempt from calls for the granting of mining leases through a competitive process.

    He pointed out that, subject to regulatory compliance, international best practices mandate that, when a company engages in exploration and makes a commercial discovery of minerals, the company shall have the right of first refusal with regard to the granting of a mining lease.

    “This international best practice is given legal backing by section 39(2) of the Minerals and Mining Act, 2006 (Act 703). Needless to point out that the use of the tender process is only feasible where geological data already exists and the State is looking for partners to go straight into mining,” he said.

  • FULL TEXT: John Mahama unveils comprehensive blueprint for 24-hour economy

    FULL TEXT: John Mahama unveils comprehensive blueprint for 24-hour economy

    THE MAHAMA 24-HOUR ECONOMY POLICY FOR GHANA’ SPEECH BY HE JOHN DRAMANI MAHAMA AT THE 9TH GHANA CEO NETWORK BUSINESS COCKTAIL

    Thank you, and good evening, my dear brothers and sisters,

    Captains of our industries, Chief Executives,

    Ladies and gentlemen.

    I am pleased to have a second opportunity to join you at your annual end-of-year cocktail. This networking event provides an excellent opportunity to share new ideas, knowledge, wisdom, and experiences.

    And I mean experiences from Ghana that defy all the models and theories taught in Business Schools – because if you have survived this economy since 2018, then you are a successful global case study.

    Like my first participation, I have enjoyed your warm friendship and insightful conversations and shared great ideas with many of you here tonight. Of course, my determination to transform Ghana’s economy into a 24-hour working economy featured prominently in the conversations.

    But I cannot help but repeat the point made by one of the CEOs, with deep regret written on his face, that “we want to pay every legitimate tax, BUT the needless harassment from GRA must stop. Back-dated tax audits, re-audits and assessments based on the whims of the taxman are killing businesses”, he lamented.

    Ladies and gentlemen, many businesses still bear the brunt of the economic meltdown. This is because, contrary to the Finance Minister’s assertion, we have not turned any corner, and 2024 will be a very challenging year. Many have shut down their businesses, and hundreds of thousands of laid-off workers are still at home.

    Businesses that moved headquarters from Ghana to our neighbouring countries have yet to return. The poorly thought-through banking sector clean-up has left thousands of skilled financial sector workers, jobless and impoverished.

    As I speak, the second tranche of the IMF’s Extended Credit Facility, due on the first of November, has still not been received because of a delay by our external creditors to sign off on our debt restructuring programme.

    Of course, the consequences of our debt default have also started manifesting. For the first time in thirty years, Ghana struggled to assemble a cocoa-syndicated loan, which had almost become routine on our financial calendar. Major infrastructure projects have stopped because lenders have cut funding as a direct fallout from our debt default.

    Independent Power Producers continue to threaten power cuts due to mounting debts affecting their operations. A few days ago, one of the producers threatened to take out 560 MW of power before a promise to pay was made. Ghanaians face grave uncertainty if more of them follow suit.

    As a proud Ghanaian and a political leader, it is disheartening that the government has severely damaged our country’s reputation on the global stage.

    Recent data from available research shows that the cost of living in Ghana is very high, and people are struggling to make ends meet due to the economic downturn. This includes pensioners who invested their savings in government bonds, hoping to enjoy a better retirement.

    Business confidence remains low, with private sector credit declining in real terms. As of October 2023, credit to the private sector had decreased significantly by 31.6%. This is because of the government’s excessive borrowing over the last seven years and reliance on the short-term treasury market.

    Lending rates increased to over 32% in October 2023 due to the Bank of Ghana’s tight monetary policy, high treasury bill rates, and rising non-performing loans.

    The immutable reality is that the first three quarters of the year (2023) have also been a tragic period for Ghana’s industries, causing a setback for the country’s economic transformation. While the mining and quarry sector is still holding out, most sub-sectors, such as construction, electricity, water supply, sewerage, and waste management, have experienced a decline.

    These are clear signs of an ailing economy— an economy whose industrial base is failing and businesses collapsing with growing unemployment and its associated poverty and misery. Unemployment remains high, with the latest data indicating about 14%.

    Meanwhile, the 2024 budget and financial estimates of the government presented to parliament have introduced, yet again, a raft of taxes that will only add to a list of already burdensome taxes. These taxes, combined with very high interest rates, will further whittle away the capital of Ghanaian businesses and hinder their competitiveness.

    The economic crisis has ravaged all of us, but as business leaders, you have a deeper appreciation of the current situation. Paraphrasing Bob Marley and the Wailers, “who feels it, knows it.”

    Undoubtedly, the economic catastrophe we face is self-inflicted and caused by this government! However, for the sake of Ghanaians and the future of our dear country, we cannot allow the status quo to continue.

    As flagbearer of the National Democratic Congress, I have put forth several proposals to ensure that the economy is returned to a stable footing and that economic activity is expanded for job creation and growth.

    I have committed the future NDC government to stringent enforcement of prudence and fiscal discipline in public financial management. Government expenditure will be cut and streamlined by significantly reducing the number of overlapping agencies and amorphous creations of this NPP administration.

    As I noted at last year’s event, we cannot fail to learn from the present economic catastrophe. This crisis shows there is no substitute for prudent financial management.

    Ladies and gentlemen, we are faced with a triple helix problem that threatens the stability of our democracy, namely, a financial crisis, severe unemployment, and unprecedented levels of corruption. Without an economic revamp, we cannot hope to make any mark in our massive unemployment crisis, which is leading many of our young people down the road of despair.

    Research shows that unemployment, unavailability of jobs, poverty, high cost and poor living conditions are issues of grave concern to many Ghanaians.

    Chief Executives, business owners, ladies and gentlemen, we cannot continue the business-as usual way of doing things. We must think outside the box. We must enhance efficiency by optimising available resources, including infrastructure and human resources.

    Ghana must work efficiently!

    The restless quest for efficiency to solve our financial and unemployment problems is why I have emphasised that more than the traditional and regular methods of economic activity would be needed to revitalise our economy.

    My next administration will pursue projects and programmes to transform Ghana into a fully-fledged 24-hour economy by optimising available resources.

    I acknowledge the massive support for the idea of a 24-hour economy by the Trades Union Congress, Civil Society Organizations, Journalists, Lecturers, Labour Consultants, CEOs and Captains of industry, personnel from the creative arts industry, drivers, traders, and the teeming unemployed youth of Ghana.

    God willing, from January 7, 2025, we shall implement a series of TRANSITION MEASURES to address the economic decline and set Ghana on the path to recovery.

    The proposed 24-hour economy forms part of the NDC’s vision to build the Ghana We Want. Let me reiterate that our quest to build the Ghana we want together with you will be premised on:

    Building an industrialised, inclusive, and resilient economy that creates well-paying jobs,

    Creating an equitable, healthy, and prosperous nation,

    Developing well-planned, safe communities while protecting the natural environment,

    Building effective, efficient, and dynamic institutions for national development; and § Strengthening Ghana’s role in African and international affairs.

    Ladies and gentlemen, the 24-hour economy may have finally resonated with Ghanaians. It may be classified as an idea whose time has come due to Ghana’s self-inflicted economic crisis today because the 24-hour economy initiative was well-thought-through and captured on page 105 of the NDC’s 2020 People’s Manifesto.

    Indeed, its roots emanate from the 40-year National Development Plan the National Development Planning Commission (NDPC) put together when I was President. Unfortunately, the present government discarded the 40-year plan and replaced it with a Ghana Beyond Aid plan that has turned Ghana into a beggar nation.

    Stripped to the essentials, ladies and gentlemen, the 24-hour policy will be anchored as an economy that runs around the clock with a three-shift work schedule in many sectors. The intent is to transform Ghana into, first, a self-sufficient and then an export-led economy.

    To be clear, we are not creating a command economy with centralised planning. That would be at variance with the Social Democratic ideology of the NDC.

    Specifically:

    We will combine government support and private sector involvement to realise the 24hour economy.

    We will establish a comprehensive policy framework that supports the growth of a 24hour economy.

    Legislation will be introduced to support businesses operating 24/7, including labour laws, tax incentives, and regulations that ensure workers’ rights and protection.

    Favourable tax policies will be adopted so that businesses can reduce their operational cost and stay competitive.

    Companies that sign up for the 24-hour economy policy will enjoy smart metering calibrated to charge a lesser tariff (per KW/h) for power consumed during off-peak hours at night based on a Time of Use (ToU) tariff system.

    Financing support will be provided for certain strategic agro-processing firms and manufacturing companies to boost production for value addition, self-sufficiency, and increased exports.

    Knowing that the government is the biggest spender in the economy, we shall boost demand by ensuring that all government ministries, agencies, assemblies, and stateowned enterprises buy made-in-Ghana goods and procure the services of Ghana-based firms where available.

    We will address safety and security measures to ensure smooth operations across all sectors during extended hours.

    We will see the availability of the necessary infrastructure, such as transportation networks, public amenities, and security systems, including a well-regulated and monitored private security architecture to facilitate round-the-clock activities.

    Technology and digital infrastructure investment would also be prioritised to enable automation and seamless operations.
    We cannot have a successful 24-hour economy without an aggressive expansion in our exports.

    I will, therefore, personally chair an Accelerated Exports Development Council (AEDC), which will meet quarterly to review initiatives for expanding Ghana’s exports under the ECOWAS Trade Liberalization Scheme (ETLS) and the African Continental Free Trade Agreement (AfCFTA).

    There will be extensive consultation and collaboration with various stakeholders, including CEOs, businesses and workers’ unions.

    Businesses will be encouraged to empower the workforce with the necessary skills and training to thrive in a 24-hour economy, focusing on the most impacted sectors.

    Sanitation, cleaning services, garbage collection and environmental protection will also form a significant part of the 24-hour economy.

    Financial services at the port, shipping agents, and customs will be enabled to work additional shifts at night and at weekends to allow for the 24/7 clearing of goods at our ports. This will help reduce demurrage charges on importers and reduce congestion at our ports.

    My brothers and sisters, there will be no limit to the sectors the 24-hour economy initiative will target. And the benefits will be enormous. Through the 24-hour economy, we will create new, decent, and well-paying jobs for the youth, reduce unemployment, which is a significant challenge, and improve the living standards of Ghanaians.

    Also, the expanded range of operating or working hours will increase productivity and fully utilise all resources, including infrastructure. The 24-hour economy will provide greater flexibility and convenience for workers and allow citizens to access goods and services anytime.

    We will improve infrastructure, lighting, and security at entertainment districts such as the Osu Oxford Street, Abeka LaPaz, East Legon Lagos Avenue, etc., to allow operations throughout the night – Consider hospitality, transportation, and security, including a well-regulated and monitored private security establishment. These will enhance the consumer experience and create a thriving and dynamic economy.

    Let me add that the 24-hour economy will also attract foreign direct investment to stimulate the local economy and create more employment opportunities for Ghanaians.

    We would wage a strong fight against corruption to reduce waste and save money for reinvestment in the economy. The sword of the fight against corruption will cut both ways – against past government officials, officials of the incumbent administration, civil and public servants, businesses, government suppliers, etc.— if they fall foul of the law.

    We would review our laws governing the extractive industry so that Ghana can increase its share and local participation in exploiting our natural resources.

    I believe that with improved revenues from the savings made from a reduced size of government, the anti-corruption fight, fast-tracked operationalisation of new oil and gas wells, increased investment in the mining sector and a revamped cocoa sector, we can ease the heavy burden of tax that has been placed on Ghanaian households and businesses.

    Ladies and gentlemen, we in the NDC have never claimed to be repositories of all knowledge, and so we look forward to the mutual sharing of ideas and insights with you as we have done here tonight. We need to network more, and I look forward to another opportunity where I can sit and interact, take your questions, share more thoughts, and imbibe your suggestions to tackle our collective problems.

    When entrusted with the governance of this country and the management of the economy, I pledge on behalf of the NDC to stay the course of prudence to maintain stability and predictability in the economy.

    Incidentally, today is December 7, and a year today, we would have begun counting and tallying the results of the Presidential and Parliamentary elections. By this time, Ghana will be preparing for the results of a decisive election for CHANGE. We are confident that the survival of businesses like yours depends on a stable macroeconomic environment. It will also depend on the need for change next year.

    I remain optimistic about the Mahama 24-hour economy initiative.

    In a rapidly advancing global economy, in which countries worldwide are gradually drifting and adopting 24-hour economies to remain competitive and attract investments – Ghana cannot be left out.

    With increasing urbanisation, where many previously rural communities are becoming urbanised with its associated higher demand for goods, including food, beverages, and services around the clock – Ghana cannot be left out.

    With an expanding services sector in which healthcare, tourism, entertainment, Business Processing Outsourcing and Call Centres have the potential to operate optimally and continuously – Ghana cannot be left out.

    With technological advancements enabling communication, coordination, and transactions at any time, making it easier for businesses to operate 24 hours, seven days a week – Ghana cannot be left out.

    Finally, my dear CEOs, let me assure you that we shall pursue initiatives that allow the private sector to flourish consistently and visibly and in a way that improves upward socio-economic mobility and social justice.

    My commitment is to stop the excessive and direct competition between the government, its agencies, and cronies with private businesses through dubious restriction mechanisms and aggressive business regulation.

    The 24-hour economy is a game-changer for the Ghanaian economy. It will benefit your businesses, employment and the enjoyment of the youth who are seeking jobs.

    We shall vigorously pursue the 24-hour economy, amongst many other initiatives, as part of our broader vision and determination to increase economic growth, create jobs, and improve the quality of life of Ghanaians.

    We shall work with you to build the Ghana we want together.

    Thank you, and Merry Christmas.

  • IMF acknowledges Ghana as 7th most indebted African country

    IMF acknowledges Ghana as 7th most indebted African country

    Ghana is ranked 7th among African nations with the highest debts to the International Monetary Fund (IMF), totaling $1,644,377,000.

    The Fund’s official website, as of December 6, 2023, discloses the top ten African countries with the highest debts to the organization.

    Egypt leads the list with a debt of $11,968,321,674, followed by Angola, South Africa, and Cote d’Ivoire with amounts of $3,153,816,667, $2,669,800,000, and $2,117,559,620, respectively. This ranking underscores the existing economic challenges confronting these nations.

    The IMF plays a crucial role in providing monetary assistance to governments facing economic hardships. However, the impact of IMF loans on national economies, particularly in certain African regions where debt becomes unsustainable, raises concerns.

    Typically considered a last resort, nations often seek IMF assistance during economic crises to stabilize their financial systems. These loans serve as a financial buffer, alleviating the economic challenges countries may be undergoing.

    Furthermore, global financial support from the IMF can temporarily reinforce a nation’s finances until a more sustainable solution to economic issues is formulated.

    In addition, an IMF loan can improve a country’s credibility among foreign investors, potentially leading to increased foreign direct investment and improved access to global capital markets.

  • Bunkpurugu MP extends congratulations to NPP candidate Solomon Boar after primaries

    Bunkpurugu MP extends congratulations to NPP candidate Solomon Boar after primaries

    The New Patriotic Party’s (NPP) candidate for the 2024 parliamentary elections, Solomon Boar, has been greeted by Dr. Abed Bandim, the Member of Parliament for Bunkpurugu.

    He promised the candidate that this would be a “second world war,” a free and fair contest.

    In a statement, Dr. Abed Bandim emphasised that the 2024 election ought to be decided by comparing the candidates’ respective records and urged his opponent to behave properly throughout the campaign.

    “I wish to take this opportunity to formally congratulate my brother and former minister Hon Solomon Boar,I wish to welcome him to his second world war and to assure him not only of a free and fair contest but also that like the previous contest he’ll once more taste defeat.

    “While we congratulate you on your narrow escape, from the claws of Lawyer Sulley Sambian in the just-ended race, kindly be reminded Sir that the 2024 election will be based on comparison of my four-year record against your record of eight years in both opposition and in government as well as your status as a minister.

    “I wish to assure Mr Boar that we in the National Democratic Congress (NDC) are ready for a peaceful, orderly, free, fair and transparent election, devoid of violence and intimidation,” part of the statement said.

    He urged Boar to fulfill commitments made to the constituents, with a specific focus on addressing the longstanding concern of the abandoned Bunkpurugu-Nalerigu road.

    “I have no doubt in my mind that the verdict of the good people of Bunkpurugu constituency will no doubt show favourable support for my good self, President Mahama and the great National Democratic Congress.

    “In other words, my record of performance for four years even in opposition will make your eight years including four years in government and as a minister including whatever you have achieved pale into insignificance.

    “SA, a constituent of Bunkpurugu, was on the phone to update Hon. Dr Abed Bandim about the latest developments at home. Whilst a minister and incumbent MP in 2020, Solomon Boar contested and lost to Dr Abed Bandim, a first timer. In the just ended NPP primary, he escaped through the teeth – by just four votes!

    “…we wish to serve notice to him to fulfil the array of promises he and his government made to the good people of Bunkpurugu including the abandoned Bunkpurugu-Nalerigu road, now that he is back as a candidate with his government in power,” the statement added.

    Read the full statement below:

    WELCOME TO THE DAVID AND GOLIATH BATTLE – HON. DR. ABED BANDIM CONGRATULATES THE NPP 2024 PARLIAMENTARY NOMINEE FOR BUNKPURUGU

    The governing New Patriotic Party ( NPP) has nominated Solomon Boar to contest the parliamentary seat against Hon. Dr. Abed Bandim, the incumbent Member of Parliament (MP).

    This was the outcome of the NPP parliamentary primary election that took place this weekend throughout the country.

    “I wish to take this opportunity to formally congratulate my brother and former minister Hon Solomon Boar,” Dr Abed Bandim spoke to SA on the phone from his office at Parliament House Accra. “I wish to welcome him to his second world war and to assure him not only of a free and fair contest but also that like the previous contest he’ll once more taste defeat.”

    While we congratulate you on your narrow escape, from the claws of Lawyer Sulley Sambian in the just ended race, kindly be reminded Sir that the 2024 election will be based on comparison of my four-year record against your record of eight years in both opposition and in government as well as your status as a minister.

    I wish to assure Mr Boar that we in the National Democratic Congress (NDC) are ready for a peaceful, orderly, free, fair and transparent election, devoid of violence and intimidation.

    We wish to urge him that unlike the previous contest he should conduct himself with decorum.

    I have no doubt in my mind that the verdict of the good people of Bunkpurugu constituency will no doubt show favourable support for my good self, President Mahama and the great National Democratic Congress.

    In other words, my record of performance for four years even in opposition will make your eight years including four years in government and as a minister including whatever you have achieved pale into insignificance.

    SA, a constituent of Bunkpurugu, was on the phone to update Hon. Dr Abed Bandim about the latest developments at home.

    Whilst a minister and incumbent MP in 2020, Solomon Boar contested and lost to Dr Abed Bandim, a first timer.

    In the just ended NPP primary, he escaped through the teeth – by just four votes!

    Thus the NDC in Bunkpurugu is cautiously optimistic that Solomon Boar record of eight years work in the constituency against Dr Abed Bandim’s three years and counting as MP is a David and Goliath affair.

    In 2012, Solomon Boar won the Bunpkurugu seat for the first time.

    During his first four years as opposition MP, Boar could not achieve much.

    He blamed his then status as an opposition MP for the poor show.

    Then in 2016, he won the primary again and went on to win in the general election with the NPP in the presidential election, thereby gaining two terms.

    As head of the Regional Security Council and MP his poor record was evident for all to see.

    This is representative of the views and opinions of constituents on his performance.

    We wish to serve notice to him to fulfil the array of promises he and his government made to the good people of Bunkpurugu including the abandoned Bunkpurugu-Nalerigu road, now that he is back as a candidate with his government in power.

    In the past three years, Dr Abed Bandim, a first time MP has also had his influence on developmental projects in the constituency.

    Thus many are hoping that the 2024 parliamentary election will be based on issues and the record of development projects of the two nominees Boar versus Bandim already dubbed a David and Goliath affair by some constituents.

    “Now that the NPP is going back into opposition and Abed Bandim and NDC are coming into power with the change wagon, why will the people of Bunkpurugu vote for Sambian?” SA reported as the key question on everyone’s lips. “That’s the real agenda for the youth”.

  • Ghana is a begger nation due to Akufo-Addo’s Ghana Beyond Aid policy – Mahama

    Ghana is a begger nation due to Akufo-Addo’s Ghana Beyond Aid policy – Mahama

    2024 flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, criticizes President Akufo-Addo’s administration, alleging that it has led Ghana into economic turmoil.

    Addressing the 9th Ghana CEO Network Business Cocktail on Thursday, December 7, 2023, Mahama claimed that Akufo-Addo’s decision to abandon the 40-year National Development Plan, developed during his tenure, has left the country in a precarious state.

    The former President made these remarks while explaining how the NDC’s 24-hour economy proposal, derived from the 40-year National Development Plan, would alter the country’s trajectory.

    “Indeed, its [24-hour economy] roots emanate from the 40-year National Development Plan the National Development Planning Commission (NDPC) put together when I was President. Unfortunately, the present government discarded the 40-year plan and replaced it with a Ghana Beyond Aid plan that has turned Ghana into a beggar nation,” he said.

    He stated that the initiative is a carefully crafted policy that will steer Ghana toward recovery.

    Additionally, the former President underscored the importance of the 24-hour economy initiative, highlighting its incorporation in the NDC’s 2020 People’s Manifesto.

    Providing further details about the policy, Mr. Mahama elucidated its foundation as an economy operating continuously with a three-shift work schedule, designed to convert Ghana into a self-sufficient and export-oriented economy.

    He clarified that the NDC does not aim to establish a command economy with centralized planning, emphasizing the party’s commitment to its social democratic ideology.

    “There will be no limit to the sectors the 24-hour economy initiative will target. And the benefits will be enormous. Through the 24-hour economy, we will create new, decent, and well-paying jobs for the youth, reduce unemployment, which is a significant challenge, and improve the living standards of Ghanaians.

    “Also, the expanded range of operating or working hours will increase productivity and fully utilise all resources, including infrastructure. The 24-hour economy will provide greater flexibility and convenience for workers and allow citizens to access goods and services anytime,” he said.

  • “Our daughter is not a criminal” – Family of “The New Force” spokesperson cries out

    “Our daughter is not a criminal” – Family of “The New Force” spokesperson cries out

    The parents of Shalimar Abbiusi, the 30-year-old Belgian woman and spokesperson for the emerging political group “The New Force,” have claimed that the government kidnapped their daughter following her arrest by the Ghana Immigration Service on immigration-related charges.

    A video posted by the political group on social media features the purported parents tearfully appealing for the release of their daughter.

    The mother is heard in the video saying “They kidnapped my daughter; she did nothing wrong,” while the supposed father adds, “She is not a criminal… the government should give my daughter back.”

    Nevertheless, the Ghana Immigration Service presents a contrasting viewpoint.

    Official statements indicate that Abbiusi’s apprehension is a consequence of an ongoing inquiry into her immigration status within the country.

    The Immigration Service clarifies that their attention was drawn to her activities, particularly her role as the spokesperson for “The New Force,” following an invitation from the Head of the National Enforcement Section at the Immigration Headquarters to address concerns related to Abbiusi’s immigration status.

    Investigations unveiled that she entered Ghana on September 4, 2017, through the Kotoka International Airport and was a frequent visitor until 2018. Throughout this period, she claimed residency as a student at the Ghana Christian University College.

    However, the college has confirmed that Abbiusi was never enrolled as a student, and the documents submitted to support her residence permit application were found to be forged.

    In light of these revelations, Abbiusi now confronts charges linked to immigration offenses. She has been brought before the court and remanded into Immigration custody pending further legal investigations.

  • Kuami Eugene resurrected Joyce Blessing’s ministry – Sonnie Badu

    Kuami Eugene resurrected Joyce Blessing’s ministry – Sonnie Badu

    Gospel artiste, Dr. Sonnie Badu have asserted that Kuami Eugene rejuvenated Joyce Blessing’s ministry through the song ‘Victory.’

    Speaking on Starr Chat with Bola Ray, he emphasized that there is no issue with secular musicians composing songs for those in the gospel music genre.

    “Kuami Eugene wrote a song for Joyce Blessing and I follow Joyce Blessing and the song is blessing everybody. Kwabena Kwabena wrote a song for Ohemaa Mercy and it blesses people.

    “You (Bola Ray) are one of the people that promoted ‘Baba Open the Flood Gate’. It was a secular guy that produced the song, Kwame Yeboah. Kwame Yeboah produced every single instrumental in there. There was one time he went out to capture the sound of the rain, it was the secular guy that blessed the world,” Dr. Badu narrated.

    He stated that some of the secular musicians will love to sing gospel songs but they do not because it is not profitable in Ghana.

    “For all you know Kuami Eugene has a better heart than those judging him. We are in a world of hypocrisy where when you wear a shoe and tie you are seen as a holy person. Joyce was going through a very tough season and I’ve heard the testimony Kwami did not charge her a penny.

    “Kuami stood in the studio, recorded it and also directed the music or video that revived Joyce’s ministry. Somebody sat and said why is this secular artist helping a gospel musician. Kuami sings love songs and love songs are part of God, read Songs of Solomon its right there,” he stated.

  • Murtala Muhammed advises majority against celebrating 2024 budget approval

    Murtala Muhammed advises majority against celebrating 2024 budget approval


    Tamale Central MP Ibrahim Murtala Muhammed cautions Parliament’s Majority against hastily celebrating the approval of the 2024 Budget and Economic Policy statement.

    The NDC MP asserts that the Minority’s opposition to the budget persists. During an appearance on Joy FM’s Top Story on Thursday, December 7, Mr. Murtala Muhammed underscores that the critical aspect is not just the approval of the policy statement but rather the approval of the budget’s estimates.

    “Let’s not celebrate yet… what is critical is the approval of the estimates and mind you every component of the estimate is going to be voted upon and I am not too sure whether they’d [Majority side] be able to garner all their ministers and others to be in Parliament throughout December,” he said.

    The legislator’s statement follows Parliament’s endorsement of the 2024 Budget and Economic Policy Statement. The approval ensued after Speaker Alban Bagbin conducted a headcount to address opposition from the Minority side.

    The outcome revealed 138 Ayes, 136 Noes, and 1 absence. Mr. Murtala Muhammed remarked that the Minority had not anticipated the budget’s passage.

    This, notwithstanding, he indicated that the 2024 budget being passed “hasn’t changed anything.”

    “We protested against the budget because of the taxes imposed on the already depressed Ghanaian … We were not doing that [protesting] just for opposition sake.

    “We were doing that anchored on convincing reasons that this budget was empty and would worsen the situation of the ordinary Ghanaian. This was the basis on which we opposed the approval of the budget,” he explained.

    On the same show, Ofoase Ayirebi MP Kojo Oppong Nkrumah responded to the remarks made by the Tamale Central MP. He rejected the idea that the Majority side is celebrating the budget’s approval. The Information Minister clarified that their emphasis is on the budget’s estimates, with the intention of incorporating them into the appropriation bill now that one phase—the economic aspect—has been sanctioned.

    “We are very clear in our minds that our brothers on the other side at this stage because of the slim majority we have in Parliament, want to play a political game of subjecting everything to a vote even when it is not a matter in contention. And on our side, we have to ensure that our members are all in the house when it matters to overcome those hurdles,” he added.

  • Transport operators rally behind Mahama’s 24-hour economy policy

    Transport operators rally behind Mahama’s 24-hour economy policy

    On Thursday, December 7, 2023, during a press conference, representatives of transport operators voiced their support for the recently announced 24-hour economy policy by National Democratic Congress (NDC) flagbearer John Dramani Mahama.

    Transport operators, including representatives from the Ghana Private Road Transport Union (GPRTU), expressed support for the 24-hour economy policy, deeming it a potential “game-changer” for Ghana’s economic landscape.

    Paa Willie, spokesperson for the Concerned Drivers Association of Ghana Drivers, emphasized the need for a well-implemented 24-hour economy, foreseeing enhanced operations in commercial centers and increased economic activity during night shifts.

    The drivers highlighted challenges faced at night, asserting that the policy could alleviate hardships and boost their business.

    In response to critics, the drivers cautioned political figures to consider the positive impact of the 24-hour economy on the nation’s economy.

    They stressed the policy’s potential to create employment opportunities and improve overall comfort for drivers, especially during nighttime breakdowns.

    The drivers urged all Ghanaians to embrace the policy as a catalyst for economic growth, expressing anticipation for its full implementation and its positive impact on the lives of drivers and citizens.

  • Some reverend ministers describe anti-gay bill as bad – Chairman of Parliamentary Committee

    Some reverend ministers describe anti-gay bill as bad – Chairman of Parliamentary Committee

    Chairman of the Constitutional, Legal, and Parliamentary Affairs Committee in Parliament, Kwame Ayimadu-Antwi, provides insights into the internal dynamics concerning the promotion of proper human sexual rights and Ghanaian family values bill, commonly referred to as the anti-gay bill.

    Ayimadu-Antwi underscores the divergent views among religious leaders on the bill, highlighting varying opinions within the clergy.

    During a press briefing on Thursday, December 7, Ayimadu-Antwi underscores the significance of crafting a bill that can endure the test of time.

    “Some members of the public, even some reverend members are saying that this bill is a bad bill and we must not pass it but most Reverend ministers are saying it is a good bill we must pass it. We must pass a bill that will come into an act that would withstand the test of time.”

    He cautioned against politicizing the bill, stating, “I must warn that any attempt that anybody would want to clothe this bill with political colors will suffer non-passage of the bill.”

    The Chairman emphasized that the committee thoroughly examined various perspectives before presenting their report.

    Responding to claims by Ningo Prampram Member of Parliament Samuel Nartey George that the Majority in Parliament was opposing the bill, Ayimadu-Antwi clarified that the leadership of Parliament had not directed the committee to proceed with the bill’s consideration.

    He outlined the complexities involved, citing ongoing considerations for other bills like the Intestate Succession Bill and the Proper Human Sexual Rights and Ghanaian Family Values Bill.

    The Chairman revealed the committee’s discussions on rehabilitating individuals within the LGBTQ+ community, following suggestions by the Speaker to involve religious bodies in the process.

    He noted differing opinions within the religious community, with some viewing the bill negatively and others advocating for its passage. Despite these divisions, Ayimadu-Antwi emphasized the need to craft a bill that can withstand the test of time.

  • 2 convicted robbers receive 33-year prison sentence in Wa Circuit Court

    2 convicted robbers receive 33-year prison sentence in Wa Circuit Court

    In a recent verdict, the Wa circuit court has sentenced two individuals, Ibrahim Kassim, 30, and Salifu Dauda, 28, to a total prison term of 33 years.

    The accused faced charges of robbing their victims at gunpoint, confiscating all personal belongings, including mobile phones and money.

    Ibrahim Kassim, a 10-year veteran of the Nsawam Medium Prison for robbery, pleaded guilty but was given a minimum sentence of 15 years with hard labor.

    Salisu Dauda, a 28-year-old smock weaver, faced similar charges and received a minimum sentence of 18 years with hard labor.

    The police, led by Wa Divisional Commander ACP Albert, reported that the two assailants committed the robberies in October and November 2023, employing weapons such as cutlasses and shotguns. Notably, one victim turned out to be Salisu Dauda’s girlfriend, leading to a unique twist in the case.

    Upon reporting the incident, Salisu assisted in apprehending the suspect, only to engage in further criminal activities himself.

    After the trial, Presiding Judge Jonathan Avugu commended the police for their commendable job in arresting the criminals.

  • NPP parliamentary primaries to be held on January 27, 2024

    NPP parliamentary primaries to be held on January 27, 2024


    The National Council of the New Patriotic Party (NPP) has decided to reschedule the parliamentary primaries in constituencies with incumbent Members of Parliament from January 20 to January 27, 2024. This resolution was reached during a meeting of the National Executive Council on December 6, 2023.

    Justin Kodua Frimpong, the Party’s General Secretary, disclosed this decision at a press conference in Accra. He also conveyed that campaign activities in these constituencies will remain suspended until the approval of the 2024 budget.

    In another development, the National Council has granted approval for a request from the party’s flagbearer, Dr. Mahamudu Bawumia, to defer the announcement of his running mate. The initial deadline, as outlined in Article 13 of the NPP Constitution, mandated the flagbearer to reveal his running mate 12 months before the general elections.

    With December 7, 2023, marking precisely 12 months until the 2024 elections, the Council has extended the deadline for Dr. Bawumia, awaiting a new date for the running mate announcement.

    The NPP is optimistic about the seamless progression of its internal processes as it prepares for the upcoming parliamentary primaries and the eventual revelation of the vice-presidential candidate.

  • Ghana’s foreign debts enable Illegal mining by foreigners – Former MP claims

    Ghana’s foreign debts enable Illegal mining by foreigners – Former MP claims

    Ex-MP for Builsa North, Timothy Ataboadey Awontirim, asserts foreign debt permits illegal mining in Ghana. He warns of severe economic and environmental consequences if unchecked.

    In a Prime Morning show interview, he highlights how financial influence, exemplified by individuals like Aisha Huang, exploits legal gaps for unauthorized mining rights amid the country’s debt burden.

    “This country owes the Chinese government 1.9 billion dollars,” he told host, Rosellyn Felli on Tuesday, December 5, 2023.

    The ex-lawmaker urges the government to promptly address regulatory loopholes and enhance protective measures against exploitation.

    Mr. Awontirim emphasized the existing hardships for residents in mining areas, encompassing environmental damage and direct livelihood impacts.

    He highlighted how unauthorized mining contributes to deforestation, soil erosion, loss of lives, and water contamination, posing significant threats to local ecosystems.

    “Women with unborn children (fetuses) have been destroyed, and some of the fetuses have been sent to labs for further study as a result of the colossal damage caused by illegal miners like Aisha Huang,” he added.

  • Mahama takes NPP deputy IT director to CID for fake memo, letterhead misuse

    Mahama takes NPP deputy IT director to CID for fake memo, letterhead misuse

    Legal proceedings have been initiated by the office of ex-President John Dramani Mahama against two activists affiliated with the ruling New Patriotic Party (NPP).

    In October of this year, legal representatives of the former president lodged a formal complaint with the Criminal Investigations Department (CID) of the Ghana Police Service. The complaint alleged that the two individuals, Abdul Rauf Ibrahim, who claims to be an NPP lobbyist, and Ato Kwamena Forson, a Deputy Director of IT at the NPP headquarters, misused the former president’s letterhead to disseminate a fraudulent letter.

    The letter signed by Justice Srem-Sai of Praetorium Solicitor and addressed to the CID Director-General, DCOP Faustina Andoh-Kwofie read in part: “Our client has asked us, to by way of a petition for the commencement of criminal investigations, bring the following facts to your attention:”

    In October 2023, the two accused individuals circulated a letter on social media, claiming it to be from the office of ex-President John Dramani Mahama.

    The letter, bearing his seal and style, outlined its contents and specified the platforms through which the accused persons disseminated it.

    The letter continued: “That the said document was not authored or issued by our client.

    “Based on the above and other related facts, we have advised our client in respect of the criminal laws and his rights thereunder; whereupon he has instructed us to, on his behalf, petition you to cause criminal investigations into the unauthorised use or forgery of his office’s credentials.”

    Special aide to Mahama, Joyce bawah Mogtari, shared a copy of the petition on X with the caption: “Disinformation is inimical to our democracy. Our laws protect us and our democracy from disinformation.

    “About 2 months ago, the hard working members of our team found that some individuals were spreading false information on a forged letterhead of the office of HE John Mahama. We made a formal complaint to the Ghana Police Service to bring the persons to book. We hope that the police will enforce the law and help protect our democracy.”

  • NBA player Serge Ibaka and Gyakie collaborates on “Sudwe” album

    NBA player Serge Ibaka and Gyakie collaborates on “Sudwe” album


    Ghanaian music sensation Gyakie has expanded her collaborative endeavors by featuring on NBA star Serge Ibaka’s latest release, “Sudwe.”

    This marks their second collaboration since the release of “Like This,” which featured Diplo.

    “Sudwe” is a vibrant dance track infused with Amapiano elements. The accompanying music video showcases Gyakie’s lively dance moves, highlighting a seamless synergy that fuses African rhythms with contemporary sounds.

    Gyakie, known for her enchanting vocals and unique style, brings her vibrant energy to “Sudwe.” This is not only evident in the song but also in the captivating music video.

    The collaboration goes beyond just musical talents, celebrating rich cultural diversity as Gyakie effortlessly delivers a few lines in French, paying homage to Serge Ibaka’s heritage.

    Serge Ibaka, renowned for his basketball prowess, unveils a different talent in the music realm with the release of “Sudwe.”

    Born on September 18, 1989, in the Republic of Congo, Ibaka has played for various NBA teams, including the Oklahoma City Thunder, Orlando Magic, Toronto Raptors, and Los Angeles Clippers.

    He also proudly represents the Congolese national basketball team and has transitioned from sports to a cooking show and now making music.

    “Sudwe” is now available on all major streaming platforms. Gyakie’s collaboration with Serge Ibaka adds another layer to her growing international acclaim, showcasing her ability to seamlessly connect with diverse audiences.

    Gyakie, signed to Flip The Music, has gained global recognition for her soulful voice and timeless melodies, with hits like “Forever” and her recent release, “Rent Free.”

  • 138 for, 136 against, Ghana’s parliament approves 2024 budget 

    138 for, 136 against, Ghana’s parliament approves 2024 budget 

    The dust is settled. The Parliament of Ghana has approved the Government’s 2024 Budget. One absentee on the Minority side dealt a blow to their resolute opposition to the budget at the preliminary stages.

    This means the House was packed by Majority.

    The decision was by a headcount won by a simple majority. The Speaker of Parliament, Rt. Hon. Alban Bagbin pronounced the verdict after the tortuous lead-up to this outcome.

    A hard-fought. The Finance Minister, Ken Ofori Atta can heave a sigh of relief and get going.

    Ghana’s Parliament is a near tie between the two sides as far as the numbers are concerned.

  • Shatta Wale gives full support to Ghanaian ‘singathon’ record contender

    Shatta Wale gives full support to Ghanaian ‘singathon’ record contender

    Dancehall Star, Shatta Wale has expressed his support for Afua Asantewaa Aduonum’s Guinness World Record Singing marathon bid

    In a recent Facebook post on December 6, Shatta Wale publicly endorsed Afua Asantewaa Aduonum, a broadcast journalist and Women Empowerment Advocate, as she embarks on her quest to set a Guinness World Record for the longest singing marathon by an individual.

    Despite not having a personal acquaintance with Asantewaa, Shatta Wale expressed his wholehearted support for her endeavor.

    “I wish I will be there to support this lady… You can do it! Let’s goooo. I don’t know you from anywhere, but I want to support and boost your confidence and also let you know you are winning hands down,” he stated.

    Afua Asantewaa Aduonum is on a mission to surpass the current world record set by Sunil Waghmare from India, who accomplished a remarkable 105-hour singing marathon on March 7, 2012.

    Having received the ‘green light’ from Guinness World Records, Asantewaa is aiming to establish a new record, targeting a duration between 117 and 120 hours.

    The anticipation is building, with Ghanaians eagerly supporting Asantewaa in her quest for this extraordinary achievement.

  • Nigerian artistes receive more favors in Ghana than Ghanaian artistes- Celestine Donkor

    Nigerian artistes receive more favors in Ghana than Ghanaian artistes- Celestine Donkor

    Gospel artist Celestine Donkor has addressed the disparities between Ghanaian and Nigerian musicians in the local music scene, emphasizing that Ghanaian gospel artistes are not receiving the due respect given to their Nigerian counterparts.

    Her comments were prompted by Nigerian gospel artist Nathaniel Bassey’s recent suggestion that Ghanaian singers focus on English songs for international appeal.

    Speaking on Hitz FM on December 7, Celestine Donkor disclosed that many Nigerian gospel acts enjoy significant airplay in Ghana without fees.

    She also claimed that some prominent pastors in Ghana prefer booking Nigerian gospel acts over their Ghanaian counterparts, contributing to the financial disparities between the two groups.

    “It is worse in Ghana. They get the plays; they don’t even pay ‘payola.’ They get the big pastors to bring them here for shows. You can see a whole Ghanaian church line up to attend a show with only Nigerian artistes. Meanwhile, Ghanaian artistes don’t get that same advantage.

    “Even in a case where Nigerian and Ghanaian artistes are paired, the Nigerian acts are paid better. I have been on plenty of programs with Nigerians, and I know how much they get paid. If a Nigerian is getting $10,000, and we are struggling to get GHC1000,” she claimed.

    Celestine Donkor attributed this situation to the dominance of Nigerian songs in the Ghanaian music industry, emphasizing the lack of recognition for Ghanaian artists.

    “We have allowed their songs to penetrate; we are so receptive to their songs, we jump on their songs, from the streets to the media space, and we have promoted them for free,” she lamented.

    In reacting to Nathaniel Bassey’s advocacy for more English songs, Celestine Donkor proposed that his statement would have been more positively received if he had also encouraged Ghanaians to actively support their own musicians.

    “I would have appreciated Nathaniel Bassey’s speech better if he had urged Ghanaians to support their musicians,” she said.

    Expressing her perspective on enhancing the acceptance of Ghanaian songs among the local audience, Celestine Donkor advocated for a collaborative effort to increase the airplay of Ghanaian songs compared to foreign music.

    “We are not saying don’t play, but there should be a percentage. The Nigerians are very intentional about the songs they allow onto their space,” she remarked.

    Celestine Donkor’s statements mirror the increasing awareness among Ghanaian artists about the disparities in treatment and opportunities within the music industry.

    This sentiment aligns with the voices of other artists, including Fameye and Kuami Eugene, who have highlighted the necessity for a fair and inclusive platform for local talents.

  • Ceccy Twum encourages Ghanaians to stay strong in faith amid challenges

    Ceccy Twum encourages Ghanaians to stay strong in faith amid challenges

    Ceccy Twum, a renowned Ghanaian gospel artist, encourages individuals to maintain their steadfastness in Christ during challenging times and persecution.

    She emphasizes that forsaking attendance at church due to delayed answers to prayer requests only exacerbates difficulties.

    Ceccy Twum advises the public to persist in trusting the Lord for breakthroughs during delays, recognizing it as a means by which God tests one’s faith.

    “It feels like you’ve been going to church, praying to God, sowing seeds and done everything possible but still, the expected results have not been achieved so you’ll stop going to church. If you stay at home, will you get the expected results? When you go to church and you’re encouraged to keep praying that is better,” she said while speaking in an interview with Okay FM and monitored by GhanaWeb.

    She went on to say that sometimes people have everything they need, but they can’t enjoy it because of other issues.

    Ceccy Twum pleaded with Christians to never waver in their devotion to the Lord, no matter what.

  • Abiana to take center stage at “Lights on the Hill” concert in Sealine View Resort

    Abiana to take center stage at “Lights on the Hill” concert in Sealine View Resort

    Prepare for a mesmerizing evening on Saturday, December 9, 2023, as Abiana, the sensational High-life and soul singer, takes the spotlight as the headlining act for the upcoming “Lights on the Hill” concert at Sealine View Resort.

    Nestled on the picturesque hills of McCarthy, the event promises an unforgettable experience filled with Christmas carols, soulful melodies, and an electrifying atmosphere.

    Abiana’s unique blend of Highlife and soulful rhythms has earned her widespread acclaim and a massive fan base. Renowned for her powerful vocals and captivating performances, she has become one of the industry’s most talented and promising acts.

    Selected as the headline act for this highly anticipated concert, Abiana is expected to serenade patrons with captivating tunes, including Christmas carols and tracks from her recently launched “Taste of Africa” EP. “Lights on the Hill” is an annual event hosted by Sealine View to usher patrons and clients into the Christmas season.

    Renowned for curating unforgettable nights under the stars, the resort has gone above and beyond this year by securing Abiana as the main attraction. The event is widely embraced by high and middle-class citizens, expatriates, and music enthusiasts. Joining Abiana on stage will be the evergreen Winneba Youth Choir, ensuring a night filled with enchanting music and holiday cheer.

    Abiana in a message to her fanbase said: “If you missed the official ‘Taste of Africa’ EP launch session, then this is an opportunity to experience something great as well. I invite all of you to meet me there as we celebrate Xmas before December 25.”

    Management of Sealine View assures: “Patrons are in for a wonderful experience, you can’t afford to miss this welcome party to usher in Christmas, I have a great surprise for everyone. Join me this Saturday and come along with a friend,” he said.

    Beyond Abiana’s captivating performance, “Lights on the Hill” is set to showcase an array of talented supporting acts, promising a delightful variety of musical styles throughout the evening.

    With the goal of crafting a magical ambiance, attendees can anticipate an enchanting atmosphere, immersing themselves in the soulful tunes of Abiana complemented by a live band. Sealine View Resort has taken measures to guarantee a secure and comfortable experience for all guests, ensuring a memorable and worry-free event.