This image, captured on November 15, 2023, depicts a segment of the road tunnel under construction that collapsed in the Uttarkashi district of India’s Uttarakhand state.
On November 15, Indian rescuers reported dispatching medicine to 40 trapped men as the arduous efforts to free them entered the fourth day. (Photo by AFP)
Indian rescue teams cautioned on Friday that it might take an additional two days of debris removal before they can access 40 workers who have been trapped in a collapsed tunnel for nearly a week.
Since Sunday morning, excavators have been diligently clearing rubble to establish an escape route for the workers following the collapse of a section of the tunnel they were constructing in the Himalayan state of Uttarakhand.
The ongoing falling debris has hampered rescue operations, slowing progress.
Facing issues with an earth-boring drill, the Air Force took action on Wednesday by airlifting a second drilling machine via a C-130 Hercules military plane. The enormous drill bit extended much of the length of the aircraft’s cargo hold.
Engineers are working to advance a steel pipe approximately 90 centimeters (almost three feet) wide through the debris, creating a passage wide enough for the trapped men to navigate.
As of Thursday night, only 18 meters (60 feet) of the pipe had been inserted into the debris with the assistance of the new machine.
“If the work continues at this rate, it will take another 40-48 hours to rescue the workers,” rescue leader Deepak Patil said Friday morning.
As rescuers work against the clock to save the trapped men, India has sought advice from the Thai company that successfully rescued children from a flooded cave in 2018, along with consulting engineering experts specializing in soil and rock mechanics at the Norwegian Geotechnical Institute.
Communication with the trapped men has been maintained through the use of radios.
Essential supplies, including food, water, oxygen, and medicine, have been delivered to the stranded workers through a six-inch-wide (15-centimeter) pipe.
While there are no official details about the men’s condition, local media reports suggest that some are experiencing symptoms such as vomiting, headaches, anxiety, and stomach problems.
A six-bed field hospital has been established outside the site, with ambulances ready to transfer serious cases to a proper hospital.
The 4.5-kilometer (2.7-mile) tunnel, designed to link the towns of Silkyara and Dandalgaon, connecting Uttarkashi and Yamunotri—two of the holiest Hindu shrines—was under construction when the incident occurred.
The Central Bank of Nigeria has announced that its monetary policy reforms are starting to yield positive results for the country’s economy.
In response to the recently published inflation rate for October, the apex bank, through a statement from the Director of the Corporate Communications Department, Isa AbdulMumin, pledged to revert to an evidence-based monetary policy approach to rebuild stakeholders’ confidence in Nigeria’s financial system.
In October the CBN Governor, Dr Yemi Cardoso, said there was an urgent need for “discontinuation of unorthodox monetary policies and foreign currency management and unorthodox use of ways and means spending”.
Cardoso added: “The economic policy proposals of the administration identify a set of fiscal reforms and growth targets that will achieve $1trn GDP within eight years.”
According to data released by the National Bureau of Statistics on Wednesday, inflation increased to 27.33 percent in October, a slight uptick from September’s 26.72 percent.
The central bank emphasized that the current inflation rate reflects the gradual impact of the CBN’s money market reforms on the economy.
It was pointed out that the marginal increase in the average price level for October demonstrates the effectiveness of the CBN’s monetary policy stance and money market reforms in achieving the desired results.
AbdulMumin highlighted the commitment of the apex bank’s leadership, stating that efforts are underway to fulfill its core mandate of stabilizing the naira and reducing inflation.
The Communications Officer of the National Democratic Congress (NDC), Sammy Gyamfi, has challenged the government’s claim of achieving a GH¢1 trillion Gross Domestic Product by 2024, asserting that Ghana had already reached this milestone in 1999 and 2006.
The Finance Minister, on the other hand, presented this as an unprecedented accomplishment in the country’s history.
In a statement in reaction to the 2024 budget, he said: “The projected nominal GDP of GHS1 trillion therefore has no significant positive bearing on the ever-worsening livelihoods of Ghanaians. It means nothing for the ordinary Ghanaian whose economy is his pocket,” Sammy Gyamfi said in the statement.
Below is Sammy Gyamfi’s full statement:
The lowest point in the 2024 budget speech, was when the Finance Minister sought to celebrate Ghana’s nominal GDP reaching the trillion cedi mark.
The truth of the matter is that, this increase in nominal GDP has come about as a result of the extremely high rate of inflation we have witnessed in recent time. It is not indicative of actual growth in production whatsoever.
In a high inflation environment as we’ve seen in the last couple of years, it is not surprising that nominal values will record big jumps. Hence, nominal GDP may indicate an increase whereas it is all fluke.
What is most important, is real GDP which takes into account inflation. Any economist worth his salt should know this. This is trite.
The projected nominal GDP of GHS1 trillion therefore has no significant positive bearing on the ever-worsening livelihoods of Ghanaians. In fact, it means nothing for the ordinary Ghanaian whose economy is his pocket.
If nominal GDP is anything to go by, then Ken Ofori Atta must be reminded, that what he is touting as a great achievement is no news at all. Ghana’s nominal GDP stood at over 19 trillion cedis in 1999 before redenomination. By 2006, Ghana’s nominal GDP had exceeded 100 trillion cedis. Again, the facts show, that the NDC government increased Ghana’s nominal GDP from 17.6 billion cedis in 2008 to 167 billion cedis in 2016 (pre-rebasing).
The failed Akufo-Addo/Bawumia government must stop majoring in minors and focus on important economic factors that significantly impact the livelihoods of Ghanaians. Suffering Ghanaians deserve better!
SAMMY GYAMFI ESQ. National Communications Officer, NDC
Finance Minister Ken Ofori-Atta has disclosed that the government has allocated approximately GH¢8.4 billion to advance education at the second cycle level through the Free Senior High School (SHS) program.
This substantial investment, spanning seven years, has facilitated access to quality high school education for around 5.7 million Ghanaians.
Additionally, the government has injected GH¢3.6 billion into the School Feeding Programme (SFP), benefiting 3.8 million pupils at the basic level.
Another GH¢248.5 million has been allocated to the Capitation Grants, supporting foundational education for over six million pupils.
Ofori Attah emphasized these significant investments during his presentation of the 2024 fiscal policy and budget statement in parliament, underscoring the government’s commitment to preparing children for a brighter future and addressing the root causes of intergenerational poverty.
“We will continue taking steps to prepare our children for a brighter future and, ultimately, transform society; especially by tackling the root cause of poverty that has afflicted many families from generation to generation.
“Government’s flagship Free Senior High School and TVET programme continues to create and expand access to secondary education in the country. In a generation’s time, when we have a more educated population that sustains social mobility and cohesion, we will appreciate the significance of these decisions and investments,” he said.
Moreover, offering insights into educational initiatives during the reviewed year, the minister highlighted that a comprehensive 448,000 first-year Senior High School (SHS) students were enrolled in the support program. This enrollment elevated the total beneficiaries for the 2022/2023 academic year to 1.3 million students.
Regarding the School Feeding Programme, he stated that the government allocated over GH¢740 million to provide meals for 3.8 million pupils, guaranteeing one hot meal per day in over 10,000 public basic schools.
“In 2024, the implementation of these transformative initiatives will continue,” he indicated.
Capitation Grant
In 2005, the introduction of the Capitation Grant (CG) became a crucial element in the country’s educational system. This move was justified by the argument that financial constraints were a significant barrier preventing Ghanaian children from attending school due to the inability of their parents to pay school levies.
Consequently, the government established a grant, allocating GH¢3 per pupil enrolled per year to every public primary school.
Highlighting the significance of this policy as one of the pivotal educational measures aimed at mitigating the high illiteracy rate at the basic level, the minister underscored that the scheme experienced substantial support during the reviewed year.
This support played a crucial role in alleviating the financial burdens faced by parents and guardians.
Furthermore, he noted that feeding grants were extended to around 7,500 students in special schools, and capitation grants were disbursed to all public basic schools nationwide.
“The registration fees of over 471,000 prospective candidates from public JHS for the Basic Education Certificate Examination (BECE) were paid to guarantee that all candidates would sit for the examination,” he emphasised.
North Tongu’s Member of Parliament, Samule Okudzeto Ablakwa, has declared that during his visit to the region, he did not receive any personal donation from Finance Minister Ken Ofori-Atta.
Speaking with Bola Ray on Starr Chat, the lawmaker denied any false impressions being created by the pictures he posted about receiving a donation on behalf of the flood victims.
“It is important to clarify this point that I have not received any personal donation from the Finance Minister. I hope that those pictures and the focus to create the impression as if I have received something. Because if you look at the pictures carefully it was when I was taking him on a tour and showing him the level of devastation and he was really shocked.
“He told me that the media had not captured it fully and he repeated it in the budget statement that he was totally shocked. He couldn’t believe the level of devastation,” Mr. Ablakwa stated.
Over 12,000 residents in the North Tongu area alone have been impacted by the Akosombo Dam Spillage, with over 1,500 houses affected, as reported by the National Disaster Management Organization (NADMO).
The overall figure for all eight affected districts, including South and Central Tongu, Anlo, Asougyaman, Ada East, and others, exceeds 26,000.
Despite weeks passing since the disaster, there seems to be no government plans for the resettlement of victims whose houses were demolished by the floods. The displaced victims remain in various camps, facing uncomfortable conditions.
The Nigeria Deposit Insurance Corporation (NDIC) has issued a cautionary statement to traders and business owners, advising them to steer clear of wonder banks and ponzi schemes.
Managing Director/Chief Executive of NDIC, Bello Hassan, delivered this warning during the NDIC Special Day at the 2023 Lagos International Trade Fair.
Hassan clarified that the Deposit Insurance Scheme serves to safeguard the interests of small depositors by providing a mechanism for reimbursement in the face of impending or actual bank failures, among other objectives.
He emphasized that this approach aims to reinforce secure and sound banking practices, contribute to an organized payments system, and promote fair competition within the banking sector.
He said: “Thus the DIS is designed as a “risk minimizer” with core functions of deposit guarantee, bank supervision, distress resolution, and liquidation of failed insured deposit-taking financial institutions. The NDIC complements the Central Bank of Nigeria in ensuring the safety, soundness, and stability of the financial system thereby instilling public confidence in the nation’s banking system.
“While the NDIC continues to collaborate with the Central Bank of Nigeria( (CB) in ensuring the effective supervision of banks and adherence to prudential thresholds and the Code of Corporate Governance for banks to safeguard the safety and stability of the Nigerian banking system, I would like to therefore call on the general public, especially traders and businessmen, to always ensure that their funds are saved in licensed banks and to avoid patronage of wonder banks and ponzi schemes which always leave their victims with untold stories.
The Akufo-Addo administration has outlined a revenue projection of GH¢176.4 billion for the year 2024.
Finance Minister Ken Ofori-Atta disclosed this information during his budget presentation to parliament on Wednesday, November 15, 2023.
Despite this projected revenue, the government plans to allocate a total expenditure (commitment) of GH¢226.7 billion, as stated by Mr. Ofori-Atta.
The total revenue and grants for 2024 are expected to be GH¢176.4 billion, constituting 16.8 percent of the GDP. This revenue projection relies on permanent revenue measures, primarily tax revenue measures, amounting to 0.9 percent of the GDP.
The Finance Minister clarified that the total expenditure (commitment basis) projection for 2024 represents a decrease of 6.1 percentage points of GDP compared to the 2022 outturn.
“This large decrease comes from the combination of fiscal consolidation efforts of 4.9 percentage points of GDP, reflecting an adjustment in revenue by 1.0 percentage points and primary expenditure by 4.0 percentage points of GDP”, he noted.
The minister said the potential interest rate saving from the ongoing external debt operation “will further bolster public finance sustainability”.
In terms of budget balances and financing operations for 2024, Mr. Ofori-Atta conveyed that, according to the estimates for total revenue and grants and total expenditure (including arrears clearance), the overall budget balance to be financed is a fiscal deficit of GH¢61.9 billion, equivalent to 5.9 percent of GDP.
Additionally, he noted that the corresponding primary balance is a deficit of GH¢5.9 billion, equivalent to 0.6 percent of GDP.
The Bank of Ghana’s interbank forex rates today, November 17, 2023, reveal the Ghana Cedi trading against the dollar at 11.5472 (buying) and 11.5588 (selling).
In Accra’s Forex bureau, the dollar is purchased at 12.00 and sold at 12.25. Against the Pound Sterling, the Cedi is bought at 14.3728 and sold at 14.3884, while in Accra’s Forex Bureau, the pound sterling is bought at 14.60 and sold at 15.10.
The Euro trades at 12.5659 (buying) and 12.5772 (selling), with the Euro bought at 12.60 and sold at 13.10 in an Accra Forex Bureau.
The South African Rand’s rates are 0.6294 (buying) and 0.6300 (selling), and in Accra, it is bought at 0.40 and sold at 1.10.
The Nigerian Naira trades at 72.9750 (buying) and 73.1040 (selling), while in an Accra Forex Bureau, it is bought at 9.00 Naira for every 1 Cedi and sold at 15.00.
The CFA’s rates are 52.1545 (buying) and 52.2014 (selling), with an Accra Forex Bureau buying at 17.00 CFA for every 1 Cedi and selling at 19.50 CFA for every 1 Cedi.
Our forex bureau rates are provided by Afriswap Bureau De Change in Osu, Accra.
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.
Senior lecturer at the University of Ghana Business School, Dr. Patrick Asuming, has raised allegations against the Ghanaian government, accusing them of manipulating the International Monetary Fund (IMF) to secure loans without adhering to the required economic stabilization measures.
Dr. Asuming contends that the government has mastered the art of obtaining IMF loans while failing to implement the prescribed measures recommended by the financial institution.
According to him, the government’s disregard for many of the IMF’s outlined measures has contributed to economic instability, leading to a recurring dependence on the IMF for financial assistance.
Dr. Asuming shared these concerns during an interview on Joy FM on November 16, 2023 that, “I have said in the past that we have learned how to dribble the IMF. If you look at the measures in our IMF 17, a lot of them are in IMF 16, and I think it is also the reason why some people begin to question the IMF itself.”
He added, “When you see that there are clear cases that the government has refused to implement the measures they have agreed, and yet we keep coming back, so people legitimately question them.”
In recent months, the state of the Ghanaian economy has become a significant point of discussion, marked by challenges such as soaring inflation, a depreciating currency, and a noticeable decline in the overall quality of life, coupled with a high cost of living.
The government has consistently attributed these economic struggles to the aftermath of COVID-19 and the Russia-Ukraine war.
Last year, in response to these challenges, the government secured a US$3 billion loan from the International Monetary Fund (IMF), with the first tranche of US$600 million already credited to the government account.
Former Super Eagles midfielder, John Obi Mikel, has underscored the significant pressure experienced by many African footballers after achieving success.
Mikel elucidates that once a footballer attains financial prosperity, the family often assumes a sense of ownership and entitlement to that success, believing that the player owes it to them.
He goes on to explain that extended family members suddenly emerge, seeking financial support from the player.
Mikel, while discussing a worst-case scenario on Vibe with 5, details how some players’ sisters may marry opportunists who expect the player to bear the responsibility of caring for the entire extended family, including the children born from such marriages.
“When we come from Africa, and this is something that I don’t think we speak a lot about. When you make money, it’s not your money. You have all these relatives, cousins…whatever you call it. And your sisters, they get married to some guy who just wants to get married into the John Obi Mikel’s family because then “my life is sorted”. You send money to your sister, the money goes to him, and he does whatever he does with it. This is something nobody knows about.
“So you get your salary, you say okay, now I’m going to put this aside for this person, put this aside for that person, put this for mum and dad. Before you know it, where is it? You get nothing.”
“And they keep having so many kids and so many kids and you look at it…Okay, you are having this much kids who is going to look after them? It’s you. They look out to you for you to look after the kids, husband, and the husband’s family. And it becomes really and absolutely crazy. For them, you owe them that.”
Mikel revealed that he was in the same position until he decided to bring it to a halt about five years ago.
“So sometimes you have to be strong and say you know what guys enough is enough. I don’t care. For me that was five years ago, I said F it, no more. Because I’ve been doing this since I started playing football.”
“The reaction is you become the bad guy. They stop answering your phone calls,” he added.
He mentioned receiving advice from his agent to cease overdonating to the family.
“My agent told me ‘Mikel you can’t be doing this. You killing yourself and you killing them. Because all you do is give them and they get so comfortable that they expect you to do that for the rest of your life. And I came to that point five years ago Where I stopped.”
The Chelsea legend added that, when the player finally has the guts to say they have had enough, the family threatens to go to the media.
“They will give you this thing whereby if you don’t do it we going go to the press. What? After all that I’ve done for you guys?”
John Mikel Obi made the statement while discussing money management as an African footballer, who is often focused on family, notably extended family.
Security and safety analyst, Dr Adam Bonaa, has called on the flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, to consider factors other than geographic and ethnic background while deciding on his running mate for the 2024 presidential election.
He claims that although certain names have been mentioned and the discussion has mostly focused on geographic and ethnic background, it would be beneficial for the vice president to broaden the scope to include aspects like discipline and gender, among other things.
“If you ask me, I will say that the vice president together with those in charge of getting a running mate for the NPP flagbearer should broaden the scope and use a certain yardstick in selecting this person. But all that we are hearing is that the person will have to come from a certain region so it’s almost like a done deal once you are from the Ashanti or a certain region.
“But if you ask me, I think they should be using a certain scale; discipline and all that. If you ask me, it will be good to include a disciplinarian, someone like the Minister of Roads, Honourable Amoako Atta,” he told GhanaWeb in an interview.
After Dr. Bawumia’s selection as the NPP flagbearer on November 4, 2023, discussions have intensified regarding the choice of his running mate. Various names, including Dr. Matthew Opoku Prempeh, Dr. Osei Adutwum, Madam Frema Akosua Osei-Opare, Ursula-Ekuful, and others, have been put forward as potential candidates.
Additionally, there is a strong argument for selecting a candidate from the party’s strongholds, particularly the Ashanti and Eastern Regions.
However, according to Dr. Bonaa, the emphasis in choosing Dr. Bawumia’s running mate should revolve more around character.
“You need people who are disciplined not who are not loose talkers, not people who will divide the country. You need people who as running mate will do a lot more in trying to let us know what the party stands for and what Ghanaians will get if the party is elected instead of just looking at it from a point of once I am from this region and my name has come up very likely I will be appointed,” Dr Bonaa argued.
Renowned rapper Snoop Dogg, known for his extensive use of cannabis, has appealed for privacy following his announcement that he is quitting smoking.
The decision, which surprised many, came after discussions with family members. Snoop shared a serious selfie on Thursday night, emphasizing the importance of respecting his privacy during this significant change.
While some fans expressed concern over his unexpected decision, others offered encouragement and well wishes for his health.
Snoop’s public declaration aligns with recent comments he made about reducing his smoking and cannabis usage for the sake of his children and grandchildren.
“Being a grandfather has changed me in multiple ways,” the rap icon said while speaking to the publication.
“The main way is being concerned with how I live, how I move, the kind of people I’m associated with because I want to see my grandkids grow old.”
Snoop continued: “The only way I can do that is to take precautionary steps as far as how I move, who I hang out with, where I go out, my intake, what am I intaking?”
Following his announcement, Snoop Dogg, a father of four, has received an outpouring of support from his family. His son, Cordell Broadus, shared Snoop’s statement on Instagram, expressing his decision to give up smoking as well. Shante Broadus, Snoop’s wife of over 25 years, also shared the post on her story, reinforcing the family’s united front.
Snoop Dogg now joins a list of celebrities who initially endorsed marijuana but later decided to quit. In 2022, Lady Gaga proudly admitted to stopping smoking after extensively using weed during the creation of her album Chromatica.
“It was the most bizarre, beautiful thing that could have happened. This music actually healed me,” she said in an interview with Apple Music.
Miley Cyrus, once an advocate for the therapeutic benefits of weed, altered her stance after undergoing vocal cord surgery. Now prioritizing clarity for optimal performance and articulate discussions about her music.
Snoop Dogg, a familiar face in such announcements, declared his departure from marijuana use. In 2002, he famously vowed to quit cannabis permanently, only to relapse shortly thereafter.
By 2014, he admitted to smoking approximately 80 cannabis blunts daily but emphasized his reluctance to encourage his children to adopt the habit.
Broadcast journalist,, Afia Pokuaa, known as Vim Lady, advocates for an apology from Assin Central Member of Parliament (MP) Kennedy Agyapong to former Electoral Commission (EC) Chairperson Charlotte Osei for the sexist comments he made in the past.
Vim Lady insists that Agyapong should address and rectify his controversial history of verbally abusing various public figures in the media.
In an interview on the KSM show, Afia Pokuaa highlighted that, given Agyapong’s influential role in the New Patriotic Party (NPP) presidential primaries, it is crucial for him to work on improving his public image to gain the confidence of the middle class.
“This is a time he also needs to work on his image, polishing his image, the excesses that people hold him guilty of, this is the time …
“People like Charlotte Osei, I think that Ken Agyapong should just swallow his pride, go to Charlotte Osei and properly apologize to her,” the UTV presenter stated.
She added that the Assin Central MP must make peace with “all the people he has made terrible comments about.”
She also gave him the assignment to get rid of the persistent rumor that he was involved in the death of an investigative journalist who was slain a few weeks after Agyapong posted his picture on television.
What Agyapong said about Charlotte Osei:
In the lead-up to the 2016 elections, Agyapong said during the campaign that some highly-placed officials in government told Osei to “bring your buttocks in exchange of EC Chair position.”
He also said; “if indeed Nana Addo (the NPP’s candidate) wins according to the pink sheets and Charlotte Osei dares to rig the elections by twisting our arms in favour of the ruling National Democratic Congress (NDC), we will not allow it to happen in Ghana.”
The comment, regarded as misogynistic, drew widespread condemnation during a period when Agyapong had gained notoriety for launching verbal attacks on members of the judiciary, pastors, politicians, security officials, and individuals in the showbiz industry.
Charlotte Osei, the inaugural female chair of the Electoral Commission (EC), succeeded the long-serving Dr. Afari Gyan. Before her role at the EC, she served as the head of the National Commission for Civic Education.
Appointed by President Mahama, she was sworn in on June 30, 2015. Osei oversaw the 2016 election, which resulted in Mahama’s defeat, but was subsequently removed following a petition challenging her management of the elections body.
Her successor is the current chairperson, Jean Adukwei Mensa.
In an ongoing presentation of the 2024 budget statement on Wednesday, November 15, 2023, Akwasi Darko Boateng, the Member of Parliament for Bosome Freho, confirmed an altercation with his colleague Kennedy Ohene Agyapong, who represents the people of Assin Central.
In an interview with Akoma FM, Mr. Boateng verified the incident, stating that Kennedy Agyapong, who recently lost in the NPP’s November 4 flagbearer contest, refused to shake his hand and confronted him.
The confrontation was reportedly centered around Boateng’s support for a different candidate in the party’s flagbearer contest.
Boateng recounted encountering a brief meeting involving Ken Agyapong and other members of the Majority caucus, including Alex Tetteh, the MP for Sefwi Akontonmbra, whom he intended to engage regarding a matter when the confrontation took place.
“When I arrived he (Alex Tetteh) was standing with Ken and others. I was bound to definitely greet him, he had gone for a contest and when I got there he was discussing with them about those he has helped and how they disappointed him and how he was going to respond.
“He was angry and even accused Alex, everyone was explaining their part, details of which I can’t disclose here.
“When I got there I extended my hand to greet him and he immediately coiled back when I extended my hand. I asked him Ken why and his response was that you people have campaigned and voted against me…” he narrated.
Although acknowledging that he did not advocate for the Assin Central MP’s candidacy in the competition, Mr. Boateng denied claims that he disparaged Kennedy Agyapong or acted ungratefully after receiving assistance from him.
Background
During the lively 2024 Budget Presentation in Parliament, a sense of unease pervaded the majority caucus, overshadowing the cheers and jeers.
The tension within the majority caucus came to the forefront when cameras captured Kennedy Ohene Agyapong engaging in what appeared to be an open confrontation with some of his fellow caucus members.
In a video widely shared by various news outlets, Kennedy Agyapong, visibly irritated, refused handshakes from specific colleagues, notably rejecting the extended hand of Bosome Freho MP, Akwasi Boateng.
The Assin Central MP, who recently lost the NPP flagbearer race to Vice President Dr. Mahamudu Bawumia, was observed expressing his displeasure, with some of his colleagues attempting to mediate the situation.
Although the exact words exchanged were not audible, political observers have connected the incident to the conduct of some Majority MPs leading up to the party’s presidential primary on November 4, 2023.
In the lead-up to the congress, Kennedy Agyapong had accused some party members, including MPs, of engaging in mudslinging.
The official results declared by the Electoral Commission on November 4 revealed that Dr. Bawumia secured victory with 118,210 votes, representing 61.47% of the total votes cast, while Kennedy Ohene Agyapong secured the second position with 71,996 votes, accounting for 35.52% of the total valid votes.
Dr. Owusu Afriyie Akoto garnered 1,459 votes, and the fourth contender, Francis Addai-Nimoh, received 781 votes.
Chairman of the National Democratic Congress (NDC), Johnson Asiedu Nketiah, expressed concerns about the diminishing caliber of individuals representing constituencies in parliament.
He noted that in the past, those who seeking parliamentary representation were individuals committed to hard work for the betterment of their constituents.
However, he lamented that this is no longer the case in contemporary times. Asiedu Nketiah observed that individuals now approach political roles with ulterior motives, emphasizing that some of the present Members of Parliament (MPs) are solely driven by monetary gains.
“It is true that the quality of representation has declined, and it is not just an opinion, there is one survey report which has cited what the speakers have been talking about.
“One of the key causes has been the over-monetisation of politics, in the past people went to parliament out of the passion to serve the nation. Now people go to parliament as a means of investment…some just want a service passport to do their business,” he shared on Citi TV.
The Ashanti Regional Minister, Simon Osei-Mensah, disclosed that a significant number of roads designated for construction in the region have been abandoned by contractors.
This abandonment, he attributed to the government’s failure to fulfill its financial obligations.
Speaking at a meeting of the Asanteman Traditional Council presided over by Asantehene Otumfuo Osei Tutu on Thursday, November 16, 2023, the minister highlighted that although the government had sanctioned the construction of numerous roads in the region, the projects have come to a halt due to financial constraints.
“Otumfuo, the truth is that majority of the roads have been assigned to contractors. The numbers are quite appreciable but due to financial challenges arising from government’s failure to pay interim payment certificates, a lot of them have abandoned the roads, they have left their sites.
“Now, when you are talking about it the question that comes up is you’ve given it out on contract and then what? The way forward however is that we are still piling pressure on the government in the hope that money will be raised for their return,” he added.
The minister acknowledged that the circumstances occasionally make him feel ashamed, particularly when he has to drive on some of the problematic roads, but he also emphasized the government’s dedication to seeing to it that the region’s infrastructure is developed.
“Recently I went through Anwia Nkwanta through to Manso Nkwanta and I had to bow down my head due to the bad state of the road which has been assigned to a contractor,” the minister said.
Despite challenging economic conditions, the Ghana Stock Exchange (GSE) has continued its robust performance, achieving a remarkable 30.75 percent growth in its overall composite index, according to the revelation by GSE’s Managing Director, Abena Amoah.
This significant growth positions GSE as the third-best performing stock market on the continent.
The positive momentum is particularly noteworthy considering the challenges faced by the economy. The performance marks a substantial improvement from the end of 2022 when the Accra bourse recorded a year-to-date (YTD) return of -12.38 percent and -4.61 percent for the Composite Index and Financial Stock Index, respectively.
This recent growth suggests a promising outlook for the GSE.
“A bright light in our year has been the GSE Composite and Financial Stock Indices’ performance. I am happy to share that our Composite Index is up 30.75 percent as of November 13, making us third-best in Africa so far this year – while our FSI continues to improve as well,” she said.
She was speaking at the Ghana Stock Exchange’s (GSE) annual ‘Ring the Bell’ programme to mark the local bourse’s 33rd anniversary celebration themed “Resilience and adaptability: thriving in challenging times”.
In its 33-year existence, the Ghana Stock Exchange (GSE) has diligently pursued its vision to boost national economic development by facilitating access to long-term capital and investment. During this period, the GSE has achieved significant milestones, including the establishment of three markets (the Main Market, GAX, and GFIM), hosting 45 issuers, and featuring 240 listed securities valued at GH¢356 billion.
Furthermore, companies listed on the GSE have successfully raised over GH¢26 billion in long-term capital across its markets, with GH¢6 billion in equity and GH¢20 billion in debt.
According to Ms. Abena, over GHȼ750 billion worth of securities have been traded, with the fixed-income market prominently contributing to this liquidity. Additionally, the GSE has expanded its reach from three brokerage firms to currently having 52 licensed companies actively trading across its markets.
“Our trading and settlement processes are fully automated, and improvements in our technology solutions have twice won us the Most Innovative African Exchange award by ai Investor. There are 1.4 million securities accounts in the Central Securities Depository, with many more Ghanaians investing through collective investment schemes. We have trained over 70,000 people through our securities and investment education courses.
“The past 12 to 18 months have tested our collective resilience like never before. Our macroeconomic challenges, the DDEP and global developments have impacted our issuers, intermediaries and investors alike. Volumes and values traded are significantly lower in 2023 compared to 2022. In all, 69 billion securities have been traded so far in 2023 versus 196 billion in the same period of 2022 on the GFIM; and 424 million versus 1.3 billion on the equities market,” she stated.
Progress
According to the Managing Director, the years ahead will see GSE unveil an array of products and initiatives: including a Commercial Paper Market; Over the Counter Market; Securities Lending and Borrowing; Asset-backed Securities (ETFs); Margin Trading; Market Making; and Underwriting and Issuing House Rules.
These, she said, will help diversify investment avenues, embolden investors and invigorate the market’s vibrancy.
Collaboration
Head of Bank and Non-Bank Unit, Ministry of Finance, Andrew Ameckson, in his address commended the exchange for setting the pace in the investment landscape and capital market as a whole.
He further urged players to intensify collaboration and be deliberate to ensure the market attains higher heights and becomes a beacon of hope for development.
“Despite this progress, you will agree with me that we must do more to develop our industry. Let us intensify our collaboration to ensure our market leapfrogs to higher heights and becomes the beacon of hope for the development of Ghana and the continent.
“We should be deliberate with market collaboration, as it will promote a reduction of costs and inefficiencies for issuers and investors – ultimately contributing to a more connected and robust infrastructure in the region. We need to be poised for entering a new era of opportunities as we better integrate into and align with the country’s development,” he admonished.
Director-General, Securities and Exchange Commission, Rev. Daniel Ogbarmey Tetteh, noted that to achieve resilience, financial literacy must be prioritised; saying it serves as a guiding beacon for prudent financial planning, diversification and balancing risk-return expectations – all crucial tools for resilient market participants.
He added it will play an essential role in enhancing investor protection and resilience, boosting confidence and encouraging active engagement in financial planning and decision-making.
He therefore encouraged all market operators, especially the brokers and fund managers, to invest time and resources to help close the financial literacy gap.
He commended GSE’s financial literacy efforts, urging it to redouble its efforts to augment the number of listed securities across all its trading platforms.
Deputy Chief Exchange Officer-Ghana Investment Promotion Centre (GIPC), Yaw Afriyie, underscored the need to embrace digital innovation to create new opportunities for future business, which will have positive cascading benefits for business culture, jobs and livelihoods.
Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has disclosed that two prominent clergymen, Archbishop Nicholas Duncan-Williams and Rev. Eastwood Anaba, who recently stepped down from the National Cathedral’s Board of Trustees, served in their roles without compensation.
Ablakwa, in an interview on Starr FM on November 16, 2023, highlighted the genuine intentions of both pastors in joining the board, stating that they did so without any hidden agendas.
He further shared that he personally conversed with the resigned pastors, gaining insights into their perspectives on the controversial National Cathedral project. During these discussions, Rev. Eastwood Anaba acknowledged that they should have heeded Ablakwa’s earlier warnings against the project.
“Yes, I have spoken to all of them. Rev. Eastwood Anaba is my pastor, so we talk always, and I can’t lie about this. He said, ‘Young man, we should have listened to you earlier. You saw things that we saw later’,” he said.
He added, “And to be fair to them, to be honest to them, they went into this with a very pure heart, I know and I can confirm to you today that these two Rev. Eastwood Anaba and Archbishop Duncan-Williams never took an allowance. So, sometimes when I see people say that they should also refund the money and that, they are not been fair to them I have the records.”
The two pastors left their positions on the National Cathedral’s Board of Trustees.
During their meeting with President Nana Addo Dankwa Akufo-Addo, the distinguished clergymen expressed their increasing worries regarding accountability and transparency in the project.
“Despite our prayers, best hopes and wishes, unfortunately, a needed audit to help restore public confidence and trust in this consequential project has not been enacted to the best of our knowledge. Since January 2023, we have awaited news, to no avail, regarding the findings of the audit. We, therefore, regret that as a matter of conscience and faith, we hereby submit to you our resignation from the Board of Trustees of the National Cathedral,” the statement said.
They continued by making it clear that their choice should not be seen as a challenge to the National Cathedral’s goals or vision.
“We honourably assure you, as we assured the Board of Trustees in January 2023, with the submission of our resignation, that our action in no way impugns the vision or intent of the National Cathedral, but rather ensures that it is advanced and built on a foundation of integrity, efficiency and quality while gaming and maintaining public trust and support, We truly owe this to God and to country,” the statement added.
Divisional Officer I (DOI) Peter Tetteh, Deputy Bono Regional Fire Commander of the Ghana National Fire Service (GNFS), is urging the public to actively support and adhere to strict fire safety measures to prevent fire outbreaks in the region.
DOI Tetteh reported that from January to October 2023, the region experienced 181 fire incidents, a decrease from the 216 recorded during the same period the previous year. He expressed the hope for zero fire incidents to safeguard lives and property.
Speaking at the regional inauguration of a five-member fire safety task force tasked with educating the public on precautionary measures, DOI Tetteh emphasized the mandatory nature of control management and obtaining fire safety certificates and permits when constructing buildings.
He highlighted the requirement for households to possess fire detectors and extinguishers before being issued a fire certificate. DOI Tetteh urged the public to actively participate in safety training programs to enhance their ability to respond to fire emergencies.
DOI Tetteh assured that the Regional Fire Service remained committed to sensitizing the public through various channels, including personal interactions, public information centers, and local radio stations.
Emphasizing that fire safety is a collective responsibility, he called on the public to collaborate with the task force to fulfill its mandate and reduce the incidence of fires.
Divisional Officer III Paulina Jatuant, the Regional Fire Safety Inspector, stated that the task force would inspect fire certificates at all types of premises and encouraged its members to effectively carry out their responsibilities to achieve optimal results. She reiterated the commitment of the fire safety department to collaborate with other stakeholders for the proper implementation and enforcement of regulations.
The High Court in Accra has turned down a plea from Minority Leader, Dr. Cassiel Ato Forson, seeking permission to be absent from court proceedings on Tuesday, November 21, to participate in the 2024 Budget Review.
Dr. Forson, alongside Dr. Sylvester Anemana, a former Chief Director of the Ministry of Health, and private businessman Richard Dzakpa, is facing trial for an alleged willful causing of financial loss to the state in a €2.37 million ambulance transaction. Dr. Forson concluded presenting his defense on Thursday, November 16.
Following the closure of Dr. Forson’s case, Dr. Anemana, the former Chief Director of the Ministry of Health, commenced presenting his defense and is currently undergoing cross-examination.
The court, presided over by Justice Afia Serwah Asare-Botwe, a Justice of the Court of Appeal serving as an additional High Court judge, had initially adjourned the proceedings to Tuesday, November 21.
However, Dr. Forson, represented by his lawyer, Godwin Edudzie Tamekloe, who stood in for lead counsel Dr. Abdul Aziz Bamba, requested permission for his absence during this period. The court rejected the request.
“My Lady, just before your pen rise, I want to draw the Court’s attention to the presentation of the 2024 Budget” and that the first accused would be involved in post presentation activities on Tuesday. He therefore requested the court to excuse his client from the session on Tuesday, November 21.
But, the trial judge rejected the request and said, “no accused would be tried in his absence,” and the case will proceed as scheduled.
The Court said “We will try and finish this case by December 31, and we come back in February 2024 for judgement.”
Starting from Monday, November 20, 2023, the Ghana Water Company Limited (GWCL) is set to initiate a nationwide effort to recover outstanding payments from its customers. The company will carry out a comprehensive exercise aimed at retrieving arrears owed by customers across the country.
As part of this initiative, the GWCL will disconnect customers in all categories whose bills remain unpaid during the course of the exercise. The disconnection teams and task forces deployed in various regions and district offices will be responsible for implementing these disconnections.
Outlined in a press release forwarded to the Ghana News Agency (GNA), the GWCL emphasized that affected customers, in addition to settling their outstanding bills in full, must also pay reconnection fees before being reinstated onto the GWCL lines.
The release further highlighted that, beyond the disconnection of defaulting customers, the teams will actively investigate instances of illegal connections, self-reconnections, and the unauthorized use of in-line booster pumps installed at the premises of GWCL customers.
It said, “all persons found to be engaged in such criminal activities shall be arrested by the Police and prosecuted.”
The company requested that customers who have settled their payments in full leave their payment receipts at home or on their premises to prevent any erroneous disconnections. For those who have made payments through mobile money or other electronic methods, the company urged them to present SMS or electronic receipts as evidence of payment.
“We, therefore, advise our valued customers to make efforts to pay their bills and clear all arrears to avoid being disconnected,” the GWCL said.
“Management entreats customers to cooperate with the teams as they undertake this all-important exercise in our effort to collect and mobilise the much-needed revenue to improve on our water supply service in the country,” the organization added
It urged the public to contact the GWCL via WhatsApp on 0555123393 and 0555155524, or call 0207385088, 0207385089 and 0207385090 or its toll-free line on 0800 40 000 for Vodafone cell and land lines only and 0302 218240 for all other networks for enquiries.
President Nana Addo Dankwa Akufo-Addo is optimistic about Ghana’s potential to emerge as a global leader in agricultural exports.
Despite current economic challenges, he highlighted the country’s progress in recent years and projected transformative economic growth.
During the commissioning of new Gentry Cranes and Works at the Tema Harbour, the president emphasized the government’s focus on the agriculture sector as a key driver for improving and revitalizing the Ghanaian economy.
“In the face of global upheaval and disruptions in world food supply systems, Ghana has become resilient due to the measures that we have put in place. I firmly believe that Ghana has the potential to become a world-leading exporter of agricultural produce, thanks in part to favourable weather conditions, ample water supply, and fertile lands.”
“However, what we have lacked over the years is a modernized and robust logistics channel infrastructure required to help realize this potential,” the president added.
Additionally, he said that the Cedi’s stability and the decline in inflation are unmistakable signs that the government is trying to boost the economy.
Antoinette Kwofie, Chief Finance Officer (CFO) at MTN Ghana, has urged corporate Ghana and stakeholders to invest in creating opportunities for young girls and women in Science, Technology, Engineering, and Mathematics (STEM).
Mrs. Kwofie made this call during a panel discussion on the topic ‘Leveraging Technology to Create Inclusive Prosperity in Africa – A Shift in Perspective’ at the 2023 Executive Women’s Network (EWN) Conference.
MTN Ghana, the headline sponsor of the conference held under the theme ‘Be Intentional about Transformation, Growth, Resilience, and Agility,’ highlighted the crucial role of women and discussed ways to enhance their contributions for greater capital gains across sectors.
“Technological advancement and digital innovation remain key drivers of economies globally. STEM remains a critical tool for driving socio-economic and inclusive growth. We need to be intentional about pushing STEM and encouraging more young women to explore careers in the field. In order to achieve this, we have to show them that their dreams are possible, provide mentoring opportunities for them and get them to engage with women who have excelled in the world of STEM.”
Contributing to a panel discussion, MTN’s CFO, in reiterating the importance of STEM education, said, “Technological advancement and digital innovation remain key drivers of economies globally. STEM remains a critical tool for driving socio-economic and inclusive growth. We need to be intentional about pushing STEM and encouraging more young women to explore careers in the field. In order to achieve this, we have to show them that their dreams are possible, provide mentoring opportunities for them and get them to engage with women who have excelled in the world of STEM.”
The MTN CFO, who is a member of the Executive Women’s Network also highlighted what MTN is doing to promote STEM education in the country. She said, “at MTN, providing digital solutions is at the heart of what we stand for. This is why we continue to partner with other institutions to ensure access to STEM education. In line with this, we have partnered with the Ministry of Communication and Digitalization in the “Girls in ICT” initiative to train about 13,000 girls nationwide. We believe this will help bridge the gender disparity gap and spur inclusive growth”.
As he concluded his role as co-chairman of the conference, Selorm Adadevoh, the CEO of MTN Ghana, emphasized the importance of courage and curiosity in embracing technology. He urged participants, especially women, to take a proactive stance and work towards achieving equity at the table.
Conference attendees were acquainted with MTN’s diverse technology solutions, including SME Plus, Messenger and Business Manager, Microsoft 365 suite, and Business Website. These services are designed to enhance the efficiency of businesses in the country, with a particular focus on empowering ‘Women-led’ businesses.
The Executive Women Network, a non-profit organization, comprises women in senior management and executive roles in both private and public sector organizations, as well as women entrepreneurs in Ghana.
Presenting the 2024 budget in parliament on November 15, 2024, Finance Minister Ken Ofori-Atta outlined the government’s macroeconomic targets for the fiscal year.
These targets, aligned with overall macroeconomic objectives and medium-term goals, include Overall Real GDP growth of at least 2.8 percent, non-oil real GDP growth of at least 2.1 percent, end-period inflation rate of 15.0 percent, primary balance on Commitment basis of a surplus of 0.5 percent of GDP, and gross international reserves to cover not less than 3.0 months of imports.
Notably, this budget marks the first since the commencement of the country’s $3 billion International Monetary Fund program, requiring the specified targets to align with the program’s requirements.
The Minister said: “Inflation is expected to remain within the IMF programme’s Monetary Policy Consultation Clause (MPCC) of 29.4 percent, with a symmetric band of 4.0 percent at the end of 2023, an end-year target of 15% in 2024 and trend further down to the medium-term target band of 8±2 percent by end-December 2025.”
“A tight monetary policy stance, favourable base drifts, relative stability on the foreign exchange market, and a favourable food harvest are expected to outweigh inflationary pressures over the near term,” he said.
Asantehene, Otumfuo Osei Tutu II, has called on chiefs to advocate for accountability in stalled projects within the Ashanti Region.
The plea comes in response to delays affecting projects like Phase 2 of the Kejetia Market, the Kumasi International Airport, and the Komfo Anokye Maternity and Children’s block.
Earlier this year, reports indicated that contractors had abandoned project sites due to unpaid arrears from the government.
Addressing the Ashanti Regional House of Chiefs, the Asantehene emphasized the importance of chiefs actively seeking answers rather than remaining passive spectators.
“Nananom, what are we also doing? I see a lot of chiefs going to the President for favours, have we done same for the airports and our roads? Let’s ask ourselves”.
The Asantehene clarified that all projects in the region are to be handled by the Regional Minister and questioned the chiefs’ involvement in seeing that these projects are built.
The chiefs were urged by Otumfuo Osei Tutu II to investigate the reasons behind the delays in the region’s projects.
“We should know if indeed there’s no money to fund all these projects. Let us also seek answers from governments on why the projects are not completed,” the Asantehene said.
Otumfuo Osei Tutu II Encourages Participation in Fundraising Effort for Komfo Anokye Teaching Hospital’s ‘Gee’ Block Refurbishment.
The Asantehene calls on households in and around the Ashanti region, as well as corporate Ghana, to contribute to the collective goal of raising $10 million for the restoration of the aging ‘Gee’ block at Komfo Anokye Teaching Hospital (KATH).
The block, in use for almost 70 years, has not undergone significant renovations, with various areas exhibiting deterioration, including cracks in the ceiling, broken floor tiling, algae-infested washrooms, exposed electrical wiring, and overcrowded wards.
Despite its original 500-bed capacity, the hospital now accommodates around 1,200 in-patients in its main ward.
At the grand launch of the ‘Heal Komfo Anokye’ project, the Asantehene prevailed on Ghanaians to join the collective efforts to refurbish the facility.
“I visited the hospital at night. I came here twice and I was really saddened by what I saw. Komfo Anokye whom the hospital was named after was never sick, so the hospital can’t be sick. We must work together to fix it. There will be several changes in government but the building will always be there to serve us,” he said.
Otumfuo Osei Tutu II continued: “I urge everyone including households in the Ashanti region to join me raise money for this project. Even 200 Ghana cedis will be appreciated. Let’s support this project”.
Media personality Afia Pokua, popularly known as Vim Lady, has asserted that Alan Kyerematen’s decision to break away from the New Patriotic Party (NPP) and establish a movement for the 2024 elections is not driven by a desire for victory but rather by a motive to retaliate against his former party.
Vim Lady explained that Alan’s departure stems from being mistreated by certain factions within the NPP.
Following Alan Kyerematen’s placement as the third most favored candidate in the NPP’s Super Delegates Conference on August 26, 2023, he opted to initiate his own non-political group. His announced plan is to run as an independent candidate in the upcoming 2024 elections.
Regarding the likelihood of his success in the elections, Vim Lady expressed her view that Alan Kyerematen’s agenda appears divisive. She went on to allege that his motives may extend beyond merely winning the 2024 presidency and could involve hidden intentions.
“Alan’s intention really is not to win the elections. He is pissing in. He feels like he’s not been treated right. The establishment has ganged up against him and they bullied him out of the race. He wanted to punish them, because in 2007, he kind of let Nana Addo have the day, even though at the time, he was the establishment candidate,” she said.
Afia Pokua suggests that the ex-trade minister harmed his own position by failing to consistently connect with the grassroots during his time in the government.
“I kind of blame Alan’s team for letting him down throughout the campaign. He also allowed his team to let him down. When he became trade minister, he laid back. He abandoned the grass root work that he needed to do. I think that he gave that job to his people and his team let him down.
“Because during that same period, Kennedy Agyapong and Bawumia were all over the Zongo communities engaged in charity works. Hardly would you find records that show Alan in Zongos, churches or engaged in other benevolent acts,” she added.
Former Black Stars midfielder, Emmanuel Agyemang Badu and his recently married wife are reportedly involved in a car accident days after their marriage ceremony.
The incident occurred on Tuesday November 13 2023, just over 48 hours after their nuptials. Reports indicate that they are currently receiving treatment and are expected to recover.
Blogger Aba the Great reported: “Agyemang-Badu and wife in a car accident after wedding. Received this message from my reliable and authentic source.”
The Ministry of Communications and Digitalisation in Ghana, on November 14, 2023, initiated the re/Start program at the Ghana-India Kofi Annan Centre of Excellence in ICT (GI-KACE). With the support of the World Bank, this initiative aims to train 10,000 young individuals, including persons with disabilities, in digital skills and emerging technologies.
Dr. Collins Yeboah-Afari, Director-General of GI-KACE, stated that re/Start is a collaborative AWS digital skills program between Smart Africa Digital Academy (SADA) and the Ministry of Communications and Digitalisation. The first phase of the initiative will provide training in ITIL, Data Analytics, Python, Data Science, Cybersecurity Operations, Microsoft Artificial Intelligence, and Amazon Web Services.
The training will take place in various locations, including Accra, Sunyani, Kumasi, and Bolgatanga. Dr. Yeboah-Afari emphasized the urgency of equipping the youth and individuals with digital skills, citing estimates that 90% of future jobs will require some form of ICT skills. The initiative aims to prepare participants for the global job market and empower them to thrive in the global technology ecosystem.
Ursula Owusu-Ekuful, Minister for Communications and Digitalisation, highlighted the crucial role of the re/START initiative in investing in the future of the youth. She emphasized its contribution to developing a stronger society and fostering a more competitive labor market.
Alex Yaw Arphul, Chief Director of the Ministry, noted the ministry’s active promotion of entrepreneurship in the tech and STEM sectors, providing support, funding, and mentorship to young innovators and startups.
“We believe that fostering a vibrant entrepreneurial ecosystem will not only create jobs but also stimulate innovation, thereby enhancing our competitiveness on the global stage. Through these endeavors, we aim to create a conducive environment for young Ghanaians to thrive, innovate, and contribute to the digital transformation of our nation”, he said.
The Ghanaian government’s ICT capacity building organization is called the Ghana-India Kofi Annan Centre of Excellence in ICT (GI-KACE). Delivering globally benchmarked training, conducting fundamental technical research that results in innovations for Information Communication Technologies for Development (ICT4D) solutions, offering consulting services, and overseeing important networks and events for the IT community in Ghana and West Africa were all part of the core mandate of GI-KACE when it was founded 20 years ago.
The Controller and Accountant-General’s Department (CAGD) has officially disclosed the salary payment schedules for November and December 2023.
These payment dates are crucial for public sector workers, as CAGD disburses funds to designated banks in Ghana for distribution to employees. In the event of any deviations from the specified payment calendar, CAGD issues relevant notifications.
Below is the official salary payment date for November and December, 2023.
November, 2023 Payment will be made on 24th November, 2023
December, 2023 Payment will be made on 20th December, 2023
It should be noted that even though the monies will be sent to the banks in the dates specified above, some banks may pay you a day or two days after.
Also, any change in the above dates will be communicated to you.
The Controller and Accountant-General’s Department (CAGD), was formed in 1885, during the pre-independence era of the Gold Coast. The Department was originally referred to as the ‘Treasury’ upon its establishment until 1937 when it was re-christened Accountant-General’s Department.
This name was maintained until 1967 when it obtained its current name, the ‘Controller and Accountant-General’s Department,’ clearly defining its roles to include the responsibility of exercising efficient and effective financial controls in the budget execution process.
Established under the Civil Service Act 1960 (CA. 5), the CAGD represents the Accounting Class of the Civil Service. It is, therefore, a Civil Service Department under the Ministry of Finance.
The 1992 Constitution and the Public Financial Management Act, 2016 (Act 921), provide the legal framework that governs the operations of the CAGD.
As the Chief Accounting Officer of Government and Advisor to the Minister and Government in matters relating to accounting, the Controller and Accountant-General (CAG) is responsible to the Minister for the custody, safety and integrity of public funds.
Caring for your facial skin requires a delicate and mindful approach. Unlike the skin on the rest of your body, your facial skin is more sensitive and can be easily affected by harsh treatments.
If you’ve been using a wire sponge on your face, it’s time to reconsider this practice for several reasons.
1. Rough texture: Nylon sponges are designed to scrub and clean surfaces. They typically have a rough texture that can be abrasive on your delicate facial skin.
Scrubbing your face with a rough sponge can cause microtears in the skin, leading to irritation, redness, and potential long-term damage.
2. Hygiene concerns: Nylon sponges are used for cleaning various parts of the body and can harbor bacteria, mold, and other contaminants.
Using a sponge on your face can introduce these harmful elements to your skin, potentially leading to skin infections or breakouts.
3. Lack of control: Nylon sponges are not designed for precise control of your face, making it difficult to use them gently and effectively for skincare purposes.
You might inadvertently apply excessive pressure or scrub too vigorously, which can harm your facial skin.
4. Inadequate for skincare: Nylon sponges are not intended for skincare routines.
They lack the properties required for facial cleansing, such as softness, absorbency, and the ability to lather with facial cleansers.
There are specialized facial cleansing tools and products designed to be gentle and effective on your facial skin.
For proper facial cleansing and skincare, it’s recommended to use dedicated facial cleansing products like soft washcloths, facial cleansing brushes, etc.
These tools are gentler on your skin and help ensure a more effective and hygienic cleansing.
A Ghanaian self-taught photographer, clinched the esteemed Best Photo of the Year 2019 award at the Agora Awards ceremony held in Barcelona, Spain.
His compelling image titled “Songs of Freedom,” which captured the exuberance of boys engrossed in the joy of music, secured the top position, earning him a significant grand prize of $25,000.
Below is a story about his prize by face2faceafrica.com as published on November 14, 2019:
Ghanaian self-taught photographer Michael Aboya emerged victorious at the Agora Awards ceremony in Barcelona, Spain, claiming the Best Photo of the Year 2019 award.
His captivating image titled “Songs of Freedom,” featuring boys immersed in the joy of music, secured the top spot and earned him a substantial grand prize of $25,000.
Aboya’s photo garnered over 500,000 votes during the nine-month competition, which saw more than 130,000 submissions from 193 countries worldwide.
His winning image was selected from 50 finalists and voted as the Best Photo of the Year.
Aboya said the idea for ‘Songs of Freedom’ was birthed while he was listening to Bob Marley’s ‘Redemption Song’. He was propelled to bring the song back to life.
“I moved to the beach a few hours after listening to the song and gathered a group of kids to pose for the camera. A kid in particular had the most expression among them and became the focus of the image,” he said.
‘Songs of Freedom’ was shot in La, one of Ghana’s oldest neighbourhoods located in the coastal part of Accra.
‘Songs Of Freedom’, Best Photo of the Year winner.Pic Credit: Michael Aboya – Agora Awards
Reminiscing the sacrifice he made to follow his passion, Aboya said: “This award means a lot to me since it is a prize for the many years of sacrifice, and following my passion.”
Aboya’s love for the arts and photography started in 2014, the year he had to leave school due to the unexpected death of his father. With the money left over after paying for his tuition, he purchased his first professional camera to follow his passion for photography.
For everyone, photographs are an integral part of their lives. They serve as a link to the past, bringing back memories of people, places, emotions, and tales. They also aid in our identity exploration. Aboya, however, hopes to alter people’s perceptions of Ghana and the African continent with his images.
“I believe that when Black and Indigenous People of Colour tell their own stories, they can present the country and continent differently to the world, showing the love, peace, and harmony, and making the bright side a little bit more, putting the dark side behind it. I created this image to emphasize the fact that we have the power to free ourselves from any form of mental, physical, spiritual and emotional captivity,” Aboya said.
“With the prize money, I’ll be able to invest into my photography by getting gearsIi need. I’ll invest into learning videography, putting my visions into moving pictures, visiting new places I have never been to capture the beautiful people and their colorful stories, support my family and give back to the community of youths,” he added.
As per Forbes, the AGORA Awards 2019 are in its third year and are available for both professional and amateur photographers to register for free. Without regard to any photography genre categories, it honors the one most voted photo of the year.
The Head of the Ghana Catholic Bishops’ Conference, Rev. Matthew Kwasi Gyamfi, has expressed deep concern over the widespread and uncontrolled corruption in Ghana, describing it as suffocating for the citizens.
Despite being an oil-producing nation, he noted that the continuous impoverishment of the country is alarming. Rev. Gyamfi highlighted the debilitating impact of corruption, considering it pervasive and normalized.
He questioned the efficacy of the current democratic system, which, in his observation, disproportionately benefits a select few while leaving the majority in economic hardship.
Additionally, he criticized the bold impunity and arrogance displayed by certain politicians in defending corrupt practices and pointed out the deterioration in the country under successive governments.
“Both governments keep borrowing, and we are now in a deep financial crisis. Why are we in this economic and financial quagmire? The massive uncontrolled corruption is suffocating the nation. It appears corruption is legalised. What should Ghanaians do since the existing form of democracy helps only a few and leaves the majority behind? What about the impunity and arrogance of some politicians and their defence of corruption?”
“Should the constitution not be changed or better for it to work for all Ghanaians instead of for a few? Should the legal system not be re-equipped to uproot corruption? What about our Parliament where the interest of the people is sacrificed for personal and party interests? Why have we not implemented the findings of the Constitutional Review Committee?” he questioned.
He continued: “Can the governments explain to us why we are in this economic mess? What explanations can the two political parties give to Ghanaians for the unfavourable agreements we sign on our oil, minerals, power generation etc.? Countries that have these resources in abundance are rich. Why do we remain poor? Ghanaians no longer accept the old explanations that the Governments of Ghana have been giving.”
Ken Ofori-Atta faces the challenging task of presenting a national budget for 2024 amidst a debt restructuring process, all while adhering to the fiscal constraints set by an International Monetary Fund (IMF) program.
Complicating matters further, Ghana finds itself excluded from global capital markets. Additionally, the upcoming election, where Vice President Mahamudu Bawumia is anticipated to contend against former leader John Mahama, adds a political dimension to the fiscal scenario.
The government is under pressure to rebuild investor confidence and restore credibility, especially given the country’s descent into a debt trap.
Demonstrating a firm commitment to increasing revenue and restraining expenditures is crucial. Considering the minister’s track record, having implemented levies in the previous year, there is a possibility of additional fiscal measures being announced during the budget presentation on Wednesday.
Despite the challenges, some early indicators suggest positive developments in this regard.
“Following a strong performance in the year to date, we expect the 2024 budget to sustain the expansion in government revenue through fiscal reforms,” according to Yvonne Mhango of Bloomberg Economics.
Ofori-Atta might announce a shift toward a modest primary budget surplus for the next year, aiming to prevent a further deterioration of liabilities.
This move is expected to enhance the government’s standing with creditors as it seeks their approval for potential losses and secures the next tranche of a $600 million IMF loan.
In a positive development this month, Fitch upgraded Ghana’s local-currency credit rating from restricted default following the successful completion of a domestic restructuring, resulting in substantial savings on debt-servicing.
However, the challenges persist. The current high level of total public debt, standing at around 100% of gross domestic product (GDP) before the recent overhaul, leaves little room for the typical election-year spending boost.
The government is mandated to reduce this figure to 55% of GDP by 2028. A weakened currency has led to increased prices, triggering protests in the capital.
Amidst food inflation exceeding 40% and record-high interest rates, Ofori-Atta faces the daunting task of persuading a weary electorate that the fiscal crisis is a temporary setback.
In response to rising security concerns, Google’s navigation apps, Waze and Google Maps, will no longer guide road users through Cape Town’s Nyanga township and its surrounding areas. Alistair Mokoena, the company’s South Africa head, made this announcement on Monday.
The decision comes after an American tourist was robbed and shot in the face in Nyanga last week when a navigation app directed him to drive through the township, considering it the most direct route from Cape Town International Airport to the city.
This incident follows the tragic death of 40-year-old British surgeon Kar Hao Teoh, who was shot during a protest by taxi operators in the same township in September.
Reports from local media indicate that several other individuals, primarily tourists, have been attacked or killed while driving through the township, with some following navigation app recommendations.
After Mr Teoh’s killing, the British government warned citizens visiting South Africa to “be careful when following GPS navigation” and “avoid taking alternative routes away from main roads as this can often take you into less secure areas”.
It added that “most violent crimes occur in townships on the outskirts of major cities or in isolated areas”.
The Ghana Statistical Service has reported a continuous decline in the country’s monthly inflation for the third consecutive time, falling from 38.1% in September to 35.2% in October 2023.
The decrease is attributed to a decline in the general price levels of food items during this period. Professor Kobina Annim, the Government Statistician, noted that this recent trend suggests a move towards a disinflation path.
A former Gynaecologist from Rwanda, Sosthene Munyemana, is now on trial in France on charges of genocide and crimes against humanity.
The case, filed in Bordeaux in 1995, accuses Munyemana, who has resided in France since 1994, of organizing torture and killings during the 1994 Rwandan genocide.
The trial focuses on his alleged involvement in events in Tumba, where he had an office and is said to have locked people from the Tutsi population inside before they were taken away to be killed.
Despite his admission of having the key, Munyemana claims he allowed Tutsi people to seek refuge in the office, while prosecutors argue that he subjected them to inhumane conditions.
The trial, long-delayed, highlights the passage of 28 years since the initial complaint was filed in France.
The final ruling in the protracted lawsuit against the Bank of Ghana (BoG), the Attorney General, and the GN Savings Receiver is imminent. Originally, Finance Minister Ken Ofori-Atta was a respondent but was later removed during the proceedings.
The Accra High Court, presided over by Appeals Court Judge Gifty Agyei-Addo, initially scheduled a judgment for October 26, 2023, but the court did not convene on that day.
Subsequently, a meeting was held on October 30, 2023, to review the case files. The judge then set November 14, 2023, for all parties to appear in court, with the expectation that the judge would announce the date for her ruling on that day.
The lawsuit, Nduom and others versus BoG, has been ongoing since August 2019. Dr. Papa Kwesi Nduom and two other GN Savings & Loans shareholders contest the Bank of Ghana’s decision to revoke the institution’s license, alleging collusion between the Bank of Ghana and the Minister of Finance to “maliciously” understate GN Savings & Loans’ assets.
Dr. Nduom claims that the Governor of the Bank of Ghana, Dr. Ernest Addison, convinced him to request reclassification from a universal bank to a savings and loans institution during a 2019 meeting.
However, the savings and loans license was abruptly revoked despite promises of an upgrade to universal bank status contingent on government agencies settling outstanding receivables owed to Groupe Nduom companies.
According to an affidavit deposed to by Dr. Nduom sighted by Today, the Bank of Ghana had reached an “unfounded, unproven, unverified and bizarre conclusion in respect of GN Savings’ financial position” because of their “failure or malicious refusal to take into account GN Savings’ assets that were and are still with the Government and its MDAs.”
Noteworthy is the fact that the Supreme Court is still considering a case pertaining to GN Savings’ asset management. With the value of the assets taken over by the Receiver appointed by the BoG declining, perhaps the Supreme Court will rule on this issue.
Tullow Oil PLC has recently inked a $400-million five-year notes facility agreement with Glencore Energy UK Limited.
The facility, accessible for an 18-month period, aims to manage Tullow’s senior notes maturing in March 2025.
Interest on the facility will be calculated based on the Term Secured Overnight Financing Rate (SOFR) plus 10% on drawn amounts.
In addition to this financial arrangement, Tullow has also engaged in oil marketing and offtake contracts with Glencore, covering Tullow’s crude oil entitlements from the Jubilee and TEN fields in Ghana and the Rabi Light entitlements in Gabon, concurrently aligned with the notes facility agreement.
Mr Rahul Dhir, Chief Executive Officer of Tullow, commented: “Glencore’s $400 million facility commitment is a strong endorsement of our business plan and strategy. Today’s announcement demonstrates our ability to access long term capital from a variety of sources and this facility is a material step in our refinancing strategy, following the successful and equity accretive tender offer in June. The proceeds from this facility, together with cash on balance sheet and $800 million of free cash flow expected to be generated during 2023 to 2025, will allow us to fully address all outstanding 2025 Notes and positions us for a successful refinancing of the 2026 Notes.”
Also commenting on the transaction, Mr Alex Sanna, CEO of the Oil & Gas Division of Glencore, said: “We are pleased to complete this landmark $400 million notes facility for Tullow, along with the term oil marketing and offtake contracts from Tullow’s production in Ghana and Gabon. This facility is a strong endorsement of Tullow’s business plan and strategy, and demonstrates Glencore’s capability in structuring finance solutions across the oil and gas sector.”
The same guarantors who guarantee Tullow’s senior notes, which mature in March 2025, also guarantee the notes facility. The notes facility guarantees are subordinate to those of Tullow’s senior secured notes, which mature in May 2026.
Furthermore, the notes facility is backed by the same collateral as the 2026 Notes, but it is contractually ranked lower than the 2026 Notes in terms of receiving proceeds from any collateral enforcement.
Head of the Psychology Department at the University of Ghana, Professor Joseph Osafo, has expressed admiration for the performance of the Member of Parliament for Assin Central, Kennedy Agyapong, in the New Patriotic Party (NPP) flagbearer election.
He commended Kennedy Agyapong for his ability to achieve a surprising outcome in the contest after just six months of intense campaigning.
“Kennedy had 37%, and he has done very well because if you check, it was about six months that he used to campaign. I like his posturing during the time that he conceded defeat.
“He also said that the showdown has been transferred to the NDC, which was quite hilarious and very interesting because that shows that all tensions in the party had ceased and he giving all his support to Dr Bawumia to face the NDC is the way to go,” he said on a panel discussion on Peace FM’s Kokrokoo on November 13, 2023.
The Supreme Court of Ghana has dismissed a case brought by Kenneth Kwabena Agyei Kuranchie, the editor of the Daily Searchlight newspaper, against former President John Dramani Mahama, challenging his eligibility to run for president.
The court remarked that Ken Kuranchie needs to acquire mastery and learn the legal trade beneath his feet.
Earlier, in June 2023, the editor filed a lawsuit against the former president, seeking a declaration on the proper interpretation of Article 66(1) of the 1992 Constitution, specifying the presidential term as four years.
Kuranchie argued that based on the interpretation of Article 62, a former president is not qualified to seek re-election. He urged the court to prevent John Mahama from pursuing his presidential ambition.
On September 25, 2023, he submitted a motion to the Supreme Court, stating that John Mahama sought an order to dismiss Kuranchie’s writ, filed on June 12, 2023, citing technicalities.
However, in a ruling on Tuesday, November 14, 2023, the Supreme Court rejected the suit, affirming that former President John Dramani Mahama is eligible to run in the 2024 General Elections.
Just in: The Supreme Court has admonished Editor of the Daily Searchlights Newspaper Ken Kuranchie to find a master and learn his legal trade under his feet after his writ against former President John Dramani Mahama was struck out as being “defective.”
The leader of the Ghana Catholic Bishops’ Conference, Reverend Matthew Kwasi Gyamfi, expressed dissatisfaction with the current state of Ghana’s economy, citing its extensive natural resources.
Rev. Gyamfi pointed out that despite the commencement of oil production in 2010, Ghana has little to show for it, with successive governments falling short in harnessing these resources.
He addressed these concerns during the opening ceremony of the 2023 plenary assembly of the Ghana Catholic Bishops’ Conference in Sunyani, emphasizing the prevalence of corruption contributing to the nation’s decline.
“There have been no significant positive changes in the economy since we became an oil-producing country. What happened to the gold and other mineral resources? Why are most of our roads in such a deplorable state? Why do we keep going to the IMF? Why do we keep borrowing so much when we are a rich nation?” he is quoted by citinewsroom.com to have said.
He continued, “Both governments [NPP, NDC] keep borrowing, and we are now in a deep financial crisis. Why are we in this economic and financial quagmire? The massive uncontrolled corruption is suffocating the nation. It appears corruption is legalized. What should Ghanaians do since the existing form of democracy help only a few and leaves the majority behind? What about the impunity and arrogance of some politicians and their defence of corruption?”
He went on to ask whether Ghana’s constitution needed to be reviewed in order to stop the nation from continuously looking to other countries for financial aid despite having an abundance of natural resources.
“Should the constitution not be changed or bettered for it to work for all Ghanaians instead of for a few? Should the legal system not be re-equipped to uproot corruption? What about our Parliament where the interest of the people is sacrificed for personal and party interests? Why have we not implemented the findings of the Constitutional Review Committee?
“Can the governments explain to us why we are in this economic mess? What explanations can the two political parties give to Ghanaians for the unfavourable agreements we sign on our oil, minerals, power generation etc.? Countries that have these resources in abundance are rich. Why do we remain poor? Ghanaians no longer accept the old explanations that the Governments of Ghana have been giving,” Rev Gyamfi concluded.
In anticipation of the 2024 budget presentation, the Ghana Union of Traders Association (GUTA) has urged the government to revamp the Value Added Tax (VAT) system to ensure uniform rates across all sectors.
Highlighting existing disparities in the current system, where some businesses contend with a 22 percent rate, others with a 4 percent rate, and a subset entirely exempted from VAT by meeting the GH¢200,000 goods threshold, GUTA President Dr. Joseph Obeng emphasized the need for a comprehensive review in the upcoming budget.
This call stems from concerns that the prevailing discrepancies may create disadvantages for numerous businesses.
“The consumer has the discretion of buying what he or she wants, the one paying 22 percent VAT and those paying 4 percent VAT stand at a disadvantage since their goods are likely to be priced high while those not paying any VAT at all sell at affordable prices and are able to make good sale,” he noted.
In addition, Dr. Obeng urged the government to eliminate irksome levies like the COVID-19 health levy and the 2% special import tax in order to stabilize the exchange rate regime.
“Ghanaian businesses are overly saddled with taxes. We also have to contend with high interest rates. Aside that, we are being consumed with inflation, we want the 2024 budget to address this,” Dr Joseph Obeng is quoted by Graphic Business to have said.
On November 15, 2023, Finance Minister Ken Ofori-Atta is scheduled to present the 2024 budget to parliament.
The highly sought-after 1962 Ferrari 330 LM / 250 GTO by Scaglietti set a new milestone by selling for $51.7 million at the RM Sotheby’s auction held on November 13 in New York City.
This transaction not only established the record for the most expensive Ferrari ever sold at auction but also marked the priciest publicly auctioned classic car worldwide in the current year.
Previously owned by Jim Jaeger, a renowned collector in Ohio and co-founder of the company that later produced Escort radars, the car had been in his possession for nearly four decades before being put up for sale.
While the spokesperson from RM Sotheby’s didn’t disclose the identity of the new owner, the final hammer price amounted to $47 million. With a buyer’s premium of 10%, the total price reached an impressive $51.7 million.
Despite setting a record, the final sale price fell slightly below earlier expectations, as RM Sotheby’s had initially valued the vehicle at “in excess” of $60 million in the days leading up to the auction.
“Its place in history is undisputed,” Oliver Barker, chairman of Sotheby’s Europe, said at the beginning of the sale.
In a brisk auction that spanned less than 20 minutes, the 1962 Ferrari 330 LM / 250 GTO by Scaglietti, which commenced bidding at $34 million, saw consistent engagement from primarily phone bidders. The bidding intensity persisted until the final moments when two bidders engaged in a back-and-forth around the $47 million mark. Notably, both the car and the triumphant bidder were physically present at the auction, as confirmed by a spokesperson.
Securing its place as the most expensive car sold this year, the V-12 racer surpassed the previous record set by a 1967 Ferrari 412P Berlinetta, which sold for $30.2 million on August 17. This year has been notably successful for Ferraris, widely considered blue-chip assets in the automotive world.
According to data compiled by Classic.com, a platform specializing in collectible cars and their values, 12 out of the top 15 cars sold at auction in 2023 featured the iconic prancing pony badge.
“That part of the market has not changed one bit,” says Juan Diego Calle, the founder and CEO of Classic.com.
Read More: $142 Million Mercedes-Benz Smashes Ferrari’s Classic Car Record
Painted scarlet and bearing a No. 7 racing livery, the car is special because it is the only Ferrari GTO example originally equipped with a 4-liter engine and the only factory GTO Tipo 1962 to have been raced by Scuderia Ferrari. In 1962, it earned a class win and a second-place finish overall at the Nürburgring 1,000 KM race. In 2012, it won the Best in Show award at the Amelia Island Concours d’Elegance in Florida.
It doesn’t come close to the most expensive car ever sold at auction, however—a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe took $142 million in 2022.
But the GTO Tipo reflects the strength and stability of the market for the best Ferraris even during uncertain economic times. Other high-sellers in 2023 include the 1962 Ferrari 250 GT SWB California Spider that sold for around $18 million at a Gooding & Co. auction March 2 and a 1964 Ferrari 250 LM that sold for €15.7 million at an Artcurial auction July 5.
Previously, the most expensive Ferrari ever sold in public was a 1962 Ferrari 250 GTO that took $48.4 million at a RM Sotheby’s auction in 2018, a spokesperson for RM Sotheby’s confirmed. That one, which has a stronger racing history, is considered by marque experts to be one of the most authentic and original of all GTO examples, the RM Sotheby’s catalogue said at the time.
But the fact that this one, Chassis 3765, was a Ferrari factory entry at the 1962 24 Hours of Le Mans, in addition to its class win at the Nürburgring and its multiple racing entries by Scuderia as a works car makes it very unique, a spokesperson said. Private sales of Ferraris have included prices that soared near $70 million, according to some reports.
Elsewhere, the collector car market has cooled. As of Nov. 3, overall classic car sales totals for the year are down 23.4% year over year, from $321.4 million in 2022 to $245.9 million this year, according to Classic.com.
The annual auctions during Monterey Car Week, considered the bellwether for market values, reached a little more than $400 million across five auction houses, down from $473 million last year.
The Ghana Police Service has conveyed its inability to offer protection to three groups planning to demonstrate and picket at the Jubilee House from December 1 to January 5, 2024.
The groups include the Democracy Hub, known for its #FixtheCountry campaign, the Patriotic Hub, and the Patriotic Forum Group.
Despite serving notices to the police in accordance with Article 21(1)(d) and (f) of the Constitution, 1992, the police, in a statement signed by Commissioner of Police (COP) Dr. Sayibu Pabi Gariba, Regional Commander, Accra, informed the groups that their planned demonstration could not proceed.
The police emphasized that the Jubilee House is a security installation, and any protest or picketing in the vicinity may pose a threat to public defence, public order, and public safety.
The statement highlighted the operational and security constraints of the Regional Police Command during the Christmas/New Year festivities as the reason for the inability to provide security/protection for the intended demonstration/picketing.
The groups were urged to postpone the special event in the interest of public defence to any date after January 5, 2014.
It said “the command, in the interest of public defence, public order, public safety among others request you to postpone the special event to any date after January 5, 2024.”
The police said “the command further request you to relocate the destination for the intended demonstration/picketing if you are inclined to hold the protest strictly in accordance with the Public Order Act.”
The statement said “the command hereby assures you of our continuous commitment to maintain law and order within the mandate of the Ghana Police Service.”
Asantehene, Otumfuo Osei Tutu II, has directed Members of Parliament from the Ashanti Region to shift their focus towards addressing the developmental needs of the region.
Accusing all MPs from the region of excessively enjoying the perks of the capital, Accra, where their legislative duties are centered, he emphasized the negative impact on their respective constituencies.
This directive came during his address at a fundraising event aimed at revitalizing the Komfo Anokye Teaching Hospital (KATH), the primary teaching hospital in the region.
The hospital has deteriorated significantly due to a poor maintenance culture, prompting the Asantehene’s intervention.
Expressing frustration in his speech at the gathering, which included the MPs, he sternly emphasized, ‘I am telling you to be serious and focus on the region; it seems you are enjoying Accra too much. Accra is becoming too sweet for you. Stop the hypocrisy and focus; this is what will bring you glory in Accra,’ eliciting cheers from the audience.
KATH, situated in Kumasi, serves as a referral center for the Northern, Upper East, and Upper West Regions, as well as Brong Ahafo, Central, Western, Eastern, and parts of the Volta Regions.
On Friday, November 10, 2023, at the KATH premises, Otumfuo Osei Tutu II rejected a prepared speech in the presence of hundreds of people gathered at the hospital.
“Instead of delivering his speech in English, the Monarch chose to use the local dialect of the Asantes – Twi, to address the congregation to the surprise and admiration of all present,” Opemsuo.com reported.
The official mouthpiece for Manhyia Palace added that “His Majesty, in the course of his submission, noted that the condition of the hospital did not require an eloquent speech, but understanding in championing the good cause.
“This is not the time to be eloquent,” he said, reasoning with the public to support the renovation and justifying the rejection of the written speech.
“The state of the hospital is a matter of an emergency, and that’s why we are here. Corporate institutions, businesses, professionals, and all must contribute their quota. No amount is meager.”
Otumfuo Osei Tutu II is calling on all Ghanaians, corporate institutions, businesses, professionals, and others to contribute towards saving the Komfo Anokye Teaching Hospital (KATH).
The Ashanti overlord described the current state of the hospital as embarrassing and emphasized the urgent need to raise funds for the building, which is nearly 70 years old.
He revealed that he personally inspected the hospital on two separate occasions, both at midnight, to assess the extent of its dilapidation. Following these inspections, he instructed the Chief Executive Officer of the hospital, Prof Otchere Addai-Mensah, and some executives to develop a financial proposal for the renovation.
“I’ve been there twice all at midnight to inspect the hospital. I saw the sorry state it sits in…Why should the hospital suffer this fate, if Komfo Anokye himself never got ill? So I promised to amass help for this project.”
“12 out of 16 regions, have their patients referred here. Patients get drenched when it rains and the exposed wires can cause fire outbreaks when rainwater comes into contact with the wires. Even the new Emergency Ward is in dire need of renovation. We will be brought to this hospital when the need arises and so there is a need to work it out.”
The Ghana Standards Authority (GSA) has taken decisive action by shutting down the operations of three cement manufacturing companies due to their use of inferior materials in the production process.
The affected companies are Xin An Safe Cement Ghana Ltd in Ejisu, Kumasi Cement Ghana Ltd in Offinso, and Uniceme Cement Ghana Ltd in Bekwai, all located in the Ashanti Region.
This move is part of a broader initiative aimed at curbing the production of substandard cement across the country. The GSA is leading this crackdown under the umbrella of the Ministry of Trade and Industry.
Apart from the closure of the companies, the enforcement efforts also include a moratorium on the construction of new cement factories. This restriction will remain in place until a more streamlined permit issuance process is established by regulatory institutions.
Professor Alex Dodoo, the director-general of the GSA, highlighted in an interview with the Daily Graphic that the exercise is in response to the government’s concerns regarding standards, quality assurance, and environmental safeguards in cement production.
“What we are doing is ensuring fair trade and stability in the manufacturing space. We stand a chance of making this country a hub for manufacturing for the global market and trust is key for any major player who wants to invest in the country,” the director-general said.
Professor Dodoo emphasized the significance of simplifying the sectors that produced the genuine, long-term jobs that spurred economic expansion.
Fail test results
Within the context of the ongoing cement quality audits and surveillance, GSA officers conducted visits to the factories, inspecting and sampling bagged cements along with the constituent materials (raw materials) used in cement production for subsequent laboratory tests.
The outcomes of the tests conducted on Xin An Safe Cement Ghana Ltd revealed that the limestone used did not meet the stipulated requirements for Calcium Carbonate content in the product. Additionally, the mineral identification analysis indicated that the sample comprised Feldspar and Quartz.
“In view of this, you are instructed to cease operation/production henceforth until the use of the approved raw materials,” a letter from the GSA to Xin An Safe Cement stated.
Professor Dodoo clarified that Feldspar and Quartz are not recommended as major constituents of cement. Therefore, the use of these materials as significant components by certain cement manufacturers needs to be immediately discontinued.
Concerning Kumasi Cement Ghana Ltd, the official test results revealed that Gypsum did not meet the stipulated requirements for the percentage of Calcium Sulphate as mandated in the standard GS C22/C22M-00 (2015). Additionally, limestone used in the production did not conform to the required Calcium Carbonate content as outlined in the standard GS 1118:2016.
Likewise, the test results from samples obtained at Uniceme Cement Ghana Ltd indicated that the limestone did not comply with the stipulated requirements for Calcium Carbonate content. Furthermore, the mineral identification analysis revealed that the sample primarily consisted of Feldspar.
“This is despite the fact that Feldspar is not a recommended major constituent of cement and as such, its use as a major constituent was problematic and unsafe,” the director-general stated.
Reducing clinker imports
According to Prof. Dodoo, there are plans to build factories that will use local resources to produce a clinker substitute, which will help lower the amount of clinker imported into the nation. Clinker is a crucial component in the production of Portland cement.
“We have published a few papers on how we can use local substitutes to replace a significant proportion, probably 50 per cent of the clinker we use. I am happy to note that two giants are actually establishing a factory to produce this,” Prof Dodoo said.
Globally, cement production accounts for about 7.5 per cent of carbon dioxide (CO2) emissions.
Using calcined clay to minimise the need for traditional, carbon-intensive clinker, therefore, would be a major advancement towards eliminating the negative environmental footprint from cement production, Prof. Dodoo explained.
Industry in line
The chief executive officer (CEO) of the Chamber of Cement Manufacturers, Ghana (COCMAG), Rev. Dr George Dawson-Ahmoah, when reached, said COCMAG was collaborating with the Ministry of Trade and Industry to develop optimal environment, safety and cement quality standards and to combat unfair trade practices whenever they arose.
That would ensure the growth of the country’s cement industry, Rev. Dr Dawson-Ahmoah said.
The cement industry has companies such as Ghacem, Diamond Cement, Dangote Cement, CIMAF, Savannah Cement, Dzata Cement and CBI Ghana.
Speaker of Parliament, Alban Bagbin, has highlighted the crucial nature of the Budget Statement and Economic Policy for the 2024 financial year.
He emphasized its importance, particularly in the context of the government’s recent agreement with the International Monetary Fund (IMF).
Bagbin mentioned that Finance Minister Ken Ofori-Atta is scheduled to present the budget to parliament on Wednesday, November 15, 2023.
During the presentation, the minister will provide details about the terms of the agreement with the IMF. Bagbin stressed the need for professionals and experts to assist in understanding the proposals, offering additional information, and presenting alternatives for informed deliberation and decision-making.
In his statement on November 13, 2023, Bagbin said, “… this budget is a critical budget as it is coming after the government had entered into an agreement with the IMF. Most of the terms of agreement, I believe, are unknown to members seated here. It is critical that we get the usual professionals, experts to assist us digest proposals in the budget to give us more information, more alternatives for us to deliberate and take a decision on the budget. That is why it is a critical post-budget workshop.”
As the finance minister prepares for his presentation, there have been demands for the government to implement substantial expenditure cuts to tackle the economic challenges.
In the meantime, Ken Ofori-Atta has guaranteed that long-term relief measures for the victims of the Akosombo Dam spillage will be taken into account in the 2024 budget.
Following a tour of the affected communities, the finance minister affirmed the government’s dedication to offering additional relief beyond the already-provided items, with this commitment set to be outlined in the forthcoming budget.
The Speaker of Parliament, Alban Bagbin, has shed light on the decision to hold the post-budget review workshop outside the Parliament House.
Bagbin attributed this choice to a historical trend of low attendance by Members of Parliament (MPs) in previous instances, with those who did attend often encountering distractions during the workshop.
Speaking before parliament on November 13, 2023, Bagbin explained, “experience has shown that anytime we attempted to hold the post-budget workshop in parliament, it has not been successful. There have been a lot of disruptions whenever we attempted doing it on the floor of parliament. So, a lot of members are usually not present, and those who are present can’t focus because of these disruptions. That’s why we have been hosting it outside the precinct of parliament.”
In light of the country’s financial challenges, Bagbin vetoed the utilization of hotels for this year’s post-budget workshop. This choice was prompted by Deputy Minority Leader Alexander Kwamena Afenyo-Markin’s announcement that the workshop would take place at Rock City Hotel, owned by MP Bryan Acheampong.
Expressing concerns over the added financial strain on state resources, Bagbin clarified that the House had not collectively agreed to hold the post-budget review at Rock City.
He highlighted that although Volta Sirene and Rock City had submitted their invoices, the latter was deemed too costly. Consequently, the decision was made to conduct the workshop within the confines of the Parliament House in Accra.
In light of the country’s financial challenges, Bagbin rejected the idea of utilizing hotels for this year’s post-budget workshop. This move came after Deputy Minority Leader Alexander Kwamena Afenyo-Markin announced that the workshop would take place at Rock City Hotel, owned by MP Bryan Acheampong.
Expressing concerns about the added financial burden on the state coffers, Bagbin clarified that the House did not collectively decide on using Rock City as the venue for the post-budget review.
He highlighted that although Volta Sirene and Rock City had submitted their invoices, the latter was considered too expensive. Consequently, the decision was made to conduct the workshop within the premises of the Parliament House in Accra.
“I believe that democracy has finally decided, and the people have prevailed on their representatives to decide that this year’s post-budget workshop be held here in parliament. Reporting on Saturday early in the morning, we will use the floor of the house as the main conference,” affirmed Bagbin.
First Deputy Speaker of Parliament, Joseph Osei-Owusu, popularly known as Joe Wise, has asserted that Kennedy Agyapong’s substantial votes in the New Patriotic Party (NPP) flagbearer race don’t necessarily confer upon him a decisive role within the party’s decision-making processes.
Osei-Owusu highlighted the commendable performance of the Assin Central MP but emphasized that it should not overshadow the leadership of Vice President Mahamudu Bawumia, who emerged as the victor in the flagbearer race.
During an interview on Joy News on November 13, 2023, concerns were raised about perceived divisions within the party, referencing Kennedy Agyapong’s assertion that he controls one-third of the NPP due to the significant votes he secured in the primaries.
In response, Osei-Owusu played down the notion of Agyapong being a power broker within the party.
“I don’t know about that; there is only one leader, the presidential candidate, and the party has a structure for making decisions,” he said.
Joe Wise, when probed for insights into the party’s approach regarding Kennedy Agyapong’s support in the primaries, challenged the notion that reaching a specific percentage in a competition should automatically reshape the party’s dynamics.
“Why are we making it appear like in a competition, once you get a certain percentage, then the dynamics should change? I don’t think that should be the case. It is important to recognize him as placing second in the competition and pulling a very respectable number of votes,” he explained.
In the NPP primaries, vice president Dr. Mahamudu Bawumia won with 61.43% of the vote, while Kennedy Agyapong, his closest opponent, received 37.41% of the vote. Dr. Afriyie Akoto and Francis Addai Nimo, the other two competitors, received 0.75% and 0.41% of the vote.
Expressing concern, Minister for National Security, Albert Kan-Dapaah warns that discussions on military actions in Garu, Tempane, and Bugri, particularly from MPs, may negatively impact the morale of uniformed personnel.
Kan-Dapaah urges Members of Parliament to be cautious in their statements.
Briefing parliament on the brutalities in the mentioned communities, leading to one fatality, the minister reiterates that National Security operatives were attacked, justifying the operation.
However, he refrains from providing additional details, citing an ongoing court case.
MP for Tempane Lydia Lamisi Akanvariba calls on the minister to cover medical expenses for the injured, compensate the victims, and issue a public apology.
MP for Garu Albert Alalzuuga Akuka questions the minister’s account, nearly accusing him of falsehood, as he finds discrepancies between the minister’s claims and the ground reality. He questions why the operation was unknown to government officials in the region.
In response to the minister’s briefing, Member of Parliament for Zebilla, Cletus Avoka, expresses disappointment in an interview with the media.
