TIG Post

Author: Andy Ogbarmey-Tettey

  • Police, group forcefully evict residents at Ashongman – Report

    Police, group forcefully evict residents at Ashongman – Report

    A resident at Ashongman has shed light on what appears to be an injustice being meted out to some Ghanaians by persons in authority.

    It is alleged that a group of influential individuals accompanied by individuals believed to be Police officers are evicting some individuals from their homes.

    This was revealed by a victim who noted that some residents have had their properties including money confiscated and their homes being taken over.

    Videos of the individuals accused of this act have surfaced on social media. The affected parties are calling on authorities to come to their aid.

  • Unending murkiness! SSNIT lied Bryan Acheampong offered the highest bid – Ablakwa

    Unending murkiness! SSNIT lied Bryan Acheampong offered the highest bid – Ablakwa

    Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has reacted to former National Chairman of the New Patriotic Party (NPP), Freddie Blay’s recent comment that his son had expressed interest in purchasing shares of hotels owned by the Social Security and National Insurance Trust (SSNIT) in 2022.

    In an interview on TV3 on June 24, 2024, Blay disclosed that his son, a prominent figure in the tourism sector, submitted a bid of not less than 200 million for approximately 7 SSNIT hotels, although his bid was ultimately rejected.

    While Mr Blay did not specify the currency of his son’s bid, it was widely reported to be in United States dollars ($).

    “My son is about 33, 34 (years old). He’s grown up, and involved in business. I don’t answer questions for him. But that apart, my son, if you care to know, is not just involved in hotels, he is involved in the tourism industry.

    He further explained, “SSNIT offered to sell several hotels. He wanted a package and my son’s company Spartan (Ives SSA) applied alongside about twelve or so companies. He offered to buy it for over 150 to 200 million with a syndicate of banks supporting him and a well-branded hotel chain”.

    Responding to this revelation, Mr Ablakwa argued that Mr Blay’s disclosure undermines claims that the majority shares of four SSNIT hotels were sold to Rock City Hotel Limited, owned by Minister for Food and Agriculture, Bryan Acheampong, who reportedly bid US$61 million.

    “We were told Bryan Acheampong offered the highest bid of US$61 million; now former NPP Chairman, Freddie Blay also says his 34-year-old son offered ‘150 to 200 million’ for the SSNIT hotel,” Ablakwa wrote in a post shared on X on June 25, 2024.

    In a statement issued on Sunday, May 19, SSNIT explained that Rock City Hotel Limited presented the best and strongest technical and financial proposal among the bids received, meeting the criteria outlined in the Request for Proposals (RFP). The selection process was transparent and strictly adhered to the Public Procurement Act.

    SSNIT emphasized that there was no favoritism in choosing Rock City Hotel Limited as the preferred investor. The decision to partner with an investor was aimed at raising capital for further investments in their hotels and improving their management.

    Mr Blay, who currently chairs the Board of the Ghana National Petroleum Company (GNPC), made the revelation while refuting accusations of state capture by his son, Kwame Blay, who was alleged to have improperly acquired the Labadi beachfront.

  • Churches must ensure branches are certified to hold marriage ceremonies – Registrar of Companies

    Churches must ensure branches are certified to hold marriage ceremonies – Registrar of Companies

    Jemima Oware, the Registrar of Companies, has revealed a startling oversight affecting many marriages in Ghana: a significant number are considered null and void due to non-compliance with legal registration requirements.

    Speaking on the JoyNews AM Show, Mrs. Oware highlighted a prevalent issue—many churches and individuals fail to register marriages under the Registrar General’s Department, a legal mandate essential for the validity of marriages.

    She emphasized that churches are required to complete specific forms to obtain a marriage officer’s license. Unfortunately, many churches neglect this crucial step.

    Mrs. Oware explained, “The ordinance of marriage is very strict. The premises have to be licensed. Sometimes, let’s say the main church is licensed, and they think that the branches therefore can take the legality from the main church. No. Even the branches have to be licensed. So, if your main church is licensed for marriages and the branch is not licensed, that marriage is void.”

    The problem extends beyond church premises. Mrs. Oware noted that marriages conducted in non-licensed venues such as gardens or hotels without a licensed marriage officer are also invalid.

    She stressed that all ministers of religion must be gazetted by the Registrar General through the Minister of Justice to operate legally as marriage officers.

    This oversight has significant implications. Couples married in unlicensed venues or by non-gazetted officers are, in the eyes of the law, not legally married. This revelation calls into question the legal status of numerous marriages across the country.

    To address the issue, Mrs. Oware urged individuals in null and void marriages to visit the Registrar General’s Department to arrange for a special license. This step will ensure their marriages are legally recognized and comply with the ordinance marriage requirements.

    The Registrar’s office is also working on developing new software to document all marriages in Ghana, ensuring better compliance and awareness of the legal requirements for valid marriages. This move aims to streamline the registration process and prevent future occurrences of invalid marriages.

    In the meantime, Mrs. Oware advises couples and religious institutions to familiarize themselves with the legal requirements for marriage and take the necessary steps to ensure their unions are recognized by law.

  • At least 10 dead in fierce protest in Kenya

    At least 10 dead in fierce protest in Kenya

    Several Kenyans are feared dead from the clashes between police and protesters over the controversial finance bill passed by MPs.

    A paramedic, according to the BBC, has told the Reuters news agency that at least 10 protesters have been killed so far.

    The death toll is likely to rise as police continue to battle the protesters inside and outside parliament.

    The unrest has paralyzed businesses and transportation across various cities and towns. The bill introduces several unpopular taxes, prompting a youth-led protest movement demanding its rejection.

    Despite the government’s concessions on some of the most contentious measures, including exempting bread and imported sanitary items from the proposed taxes, the anger among the populace remains palpable.

    Anti-riot police surround a demonstrator
    Image caption,Anti-riot police surround a demonstrator

    Protesters argue that the new taxes would disproportionately affect the poorest citizens, exacerbating their financial struggles.

    Ambulances can be seen carrying the injured from the streets. Some 45 injured people have been sent to Nairobi’s Kenyatta National Hospital, the country’s biggest referral hospital.

    A section of Kenya’s parliament has caught fire just minutes after protesters breached police barricades to storm the complex.

    Live broadcasts on local television displayed plumes of smoke rising from the parliamentary grounds, signaling a chaotic escalation in the ongoing protests.

    Protestors turn out to demonstrate against the proposed finance bill
    Image caption,Protesters turn out to demonstrate against the proposed finance bill

    Witnesses have reported injuries among the demonstrators as police resorted to firing rounds to disperse the advancing crowds.

    Nearby, images surfaced of a police truck engulfed in flames, further illustrating the intensity of the clashes. Thousands of protesters, engaged in running battles with security forces, faced volleys of rubber bullets and tear gas as officers struggled to control the situation.

  • 45-year-old woman fingers NDC leaders in countless rape incidents

    45-year-old woman fingers NDC leaders in countless rape incidents

    A 45-year-old woman is alleging rape being sanctioned by the leadership of the opposition of the National Democratic Congress (NDC).

    The woman made this claim during an interview on the Sompa Nkomo show on Sompa FM.

    According to the woman, the alleged rape incidents occurred in 2019, after she left Sunyani in the Bono Region to Kenyase in the Ashanti Region to be accommodated by a friend of hers after falling ill.

    While staying with her friend, a young man came to where she lived to rent a place.

    “When he came, I was not on good terms with him,” she said in Twi.

    However, someway somehow, the man visited her at Sunyani when she left for her own place.

    “So I asked him of the reason for his visit. He told me and not long after, he started touching me. He had never made any form of sexual advances to him. We struggled and he got his way and slept with me,” she said on the show.

    He was 28-years-old and she was about 40 years old at the time of the alleged incident.

    According to the woman, the man continued to visit and forced himself on her after a struggle.

    She added that she felt uneasy and decided to ask the man why he forced himself on her.

    “He told me it is the leaders. So I asked what leaders. I kept insisting and he told me that it is NDC leaders who sent him,” she said.

    Aside from the claims, the woman failed to provide any form of evidence to support her claim against the party or the rape incidents.

    It is also unknown if the alleged rape incidents have been reported to the police for investigations to take place.

  • Legal battle intensifies as Ablakwa’s lawyers object to panel in contempt case

    Legal battle intensifies as Ablakwa’s lawyers object to panel in contempt case

    Tensions rose in the courtroom as lawyers representing North Tongu Member of Parliament (MP) Samuel Okudzeto Ablakwa objected to a newly constituted panel hearing a contempt case brought by Reverend Kusi Boateng, Secretary to the Board of Trustees of the National Cathedral.

    The Court of Appeal was set to deliver a ruling on a defamation suit filed by Rev. Kusi Boateng, aiming to restrain the MP from discussing him in relation to the National Cathedral issue. This marked Rev. Kusi Boateng’s third attempt to restrain the MP, following two previous failures.

    However, when the panel convened, Thaddeus Sory, lead counsel for Samuel Okudzeto Ablakwa, raised objections to the newly constituted panel, arguing that it was unconstitutional and would undermine a fair hearing.

    Sory pointed out that the original panel included two justices who were absent from the new panel sitting on Tuesday, June 25. He emphasized that Justice Dzemefe had assured his return after sitting on a different panel earlier that day but was absent when the new panel convened.

    The objection led to a heated exchange, with Sory alleging potential undue influence on the case due to the transfer of the high court judge who dismissed Rev. Kusi Boateng’s contempt application. However, this claim was refuted by a panel member and Rev. Kusi Boateng’s lawyer, Bobby Banson.

    The panel, after conferring, scheduled Wednesday, June 26, to deliver a ruling on the objection. The outcome will determine whether the court will proceed to hear Samuel Okudzeto Ablakwa’s application to strike out Rev. Kusi Boateng’s application or if the original panel will be reinstated.

  • Registrar of Companies announces making of new software to document marriages in Ghana

    Registrar of Companies announces making of new software to document marriages in Ghana

    The Registrar of Companies, Jemima Oware, has revealed that a new software is in development to document all marriages in Ghana.

    This initiative aims to introduce specific requirements for valid ordinance marriages, of which many people are unaware.

    In an interview on the JoyNews AM show, Mrs. Oware emphasized the importance of churches being licensed to register marriages, as required by law. She noted that many churches are currently not compliant with this requirement.

    “Most churches have to be licensed to register marriage, and they are not. The men of God have to be gazetted as marriage officers, many of them are not. You need one type of license, either a registrar certificate, which is normally issued by the metropolitan assemblies, or the special license, which the Registrar General’s Department issues or the church,” Mrs. Oware explained.

    She further highlighted that marriages conducted in gardens or hotels often lack the necessary licenses, rendering them invalid.

    According to ordinance marriage regulations, the premises where marriages are conducted must be licensed.

    “Sometimes, let’s say the main church is licensed, and they think that the branches therefore can take the legality from the main church. No. Even the branches have to be licensed. So, if your main church is licensed for marriages and the branch is not licensed, that marriage is void,” Mrs. Oware added.

    The new software is expected to streamline the process of documenting marriages in Ghana and ensure that all marriages adhere to the legal requirements for validity.

  • VRA has sold its Akosombo Hotel to Bryan Acheampong – Okudzeto

    VRA has sold its Akosombo Hotel to Bryan Acheampong – Okudzeto

    A piece of recent information revealed by the Minister for Food and Agriculture, Bryan Acheampong, has revealed that he is now the owner of the Volta River Authority’s Akosombo Continental Hotel.

    Mr Acheampong made this known when he vowed to gift the Member of Parliament for North Tongu, Okudzeto Ablakwa a house and a hotel if the MP can substantiate claims that Rock City Hotel is incurring losses.

    If Ablakwa “is able to prove that Rock City’s 2023 account recorded losses, in fact, in his constituency, North Tongu, there is a hotel owned by Rock City—Akosombo Continental Hotel. If he’s able to prove it, that hotel is for Rock City, and I will give it to him as well. He should prove it.”

    Reacting to this information in an interview on Metro TV, Mr Ablakwa clarified a misinformation made by Mr Acheampong.

    According to him, the Akosombo Continental Hotel is not in the North Tongu Constituency but in the Asuogyaman constituency.

    Mr Ablakwa expressed shock over the fact that the hotel has been acquired by the Agric Minister.

    “Let me state for the record, I think he missed his bearing. He said Akosombo Hotel in my constituency. Some people have sent me messages saying when he came to your constituency to buy a hotel you didn’t protest but he is doing it in Accra and you are making noise.”

    “Let me state it on record that Akosombo Hotel is not in my constituency. It is in the eastern region of the Asuogyaman constituency.”

    “It is next door to my constituency. It is quite revealing. I didn’t know that the VRA had sold the hotel to him so we are grateful that he has shared that information,” he said.

    @nurudeen.m..yakub Evidence based Oversight Responsibility. Hon SOA has putting out the facts and figures from GRA that indeed Rock City declared a loss in 2023. #handsoffourhotelsdemo #yppppppppppppppppppppppp #trending #24hourseconomy @Sammy Gyamfi @Samuel Ablakwa Okudzeto @Beatrice Annan @Hajia Safia Iddrisu @King Poborsky TV @AnnanPerryArhin ♬ original sound – Nurudeen M. Yakubu Yalley
  • Thunderstorms to be experienced in the coastline, inland areas – GMet

    Thunderstorms to be experienced in the coastline, inland areas – GMet

    The Ghana Meteorological Agency (GMet) has forecasted that the country will experience thunderstorms in both the coastline and inland areas.

    According to GMet, the weather is expected to be cloudy with slight to moderate rains and occasional thunder over a few areas within the southern half of Ghana this morning.

    Additionally, mist or fog patches will reduce visibility along the coastal, forest, and hilly areas early in the morning. However, sunny intervals will be observed, giving way to isolated thunderstorms or rain over parts of the coastline and inland areas from late afternoon into the evening.

    This weather forecast indicates the likelihood of varied weather conditions throughout the day, with potential changes in visibility and precipitation levels.

    As such, residents and travelers are advised to stay informed about the weather updates and take necessary precautions to ensure their safety and well-being.

  • KATH doctors abandon oncology services, cancer patients stranded

    KATH doctors abandon oncology services, cancer patients stranded

    Medical doctors at the Oncology Department of the Komfo Anokye Teaching Hospital (KATH) have taken a stand against the delay in fixing a critical piece of equipment necessary for their work, resulting in them abandoning consulting rooms in protest.

    The Linear Accelerator System, which is crucial for radiotherapy services, has been malfunctioning since October 2023, significantly impacting the diagnosis and treatment of cancer cases at the hospital.

    Although management has made efforts to repair the machine, it remains non-operational due to delayed access to a water phantom required to calibrate the system.

    The doctors expressed frustration over the prolonged delay in fixing the equipment, which has hindered their ability to provide essential medical services to patients in need.

    While hospital management has taken steps to address the concerns of the health workers, including establishing a $109,623 Letter of Credit for equipment procurement, the doctors remain dissatisfied with the situation.

    However, management has described the doctors’ industrial action as unfair, noting that the strike would also affect other patients who may not necessarily require radiotherapy services.

    FINAL-SWIFT-KATH-LC-IFO-MIERI-LTD-10962339-2Download
  • Pre-wedding moments: Davido prepares to marry Chioma

    Pre-wedding moments: Davido prepares to marry Chioma

    Get ready to witness the wedding of the year as Nigerian superstar Davido ties the knot with his love, Chioma Rowland!

    Fans were thrilled when Davido shared a glimpse of their pre-wedding photos, showcasing the couple in stunning traditional attire. The pictures, posted on Sunday, June 23, exuded joy and anticipation for their special day.

    As the clock ticks closer to the ceremony, sneak peeks of the preparations have started surfacing on social media, building up excitement for what promises to be an unforgettable celebration.

    Stay tuned for more updates as Davido and Chioma embark on this beautiful journey together!

    https://twitter.com/OGBdeyforyou/status/1805571173209563281
  • Yellow Ghana is an undercover operation to destabilise my work – Alan Kyerematen

    Yellow Ghana is an undercover operation to destabilise my work – Alan Kyerematen

    Leader of the Movement for Change, Alan Kyerematen, is suspicious of the activities of a newly recognised political movement in the country, Yellow Ghana.

    Mr Kyerematen asserts that Yellow Ghana is being used as an undercover movement to sabotage the activities of his new political movement which is not yet a year old.

    In an interview on GTV, the former Trade Minister made the allegation when asked about the use of the colour “yellow” that is used by the two political movements.

    “I know this is an undercover operation to try and destabilize what we are doing. All these years we have not heard about Yellow Ghana. Now Alan comes with a magical brand of the movement for change with a symbol of the butterfly and with this bright yellow colour scheme and then someone comes out with Yellow Ghana.”

    “People will be shocked. Let’s wait till we get to December,” he said.

    Yellow Ghana, a dynamic political movement said to be dedicated to addressing the numerous challenges facing the nation, has been officially recognized by Ghana’s Electoral Commission.

    Established in October 2020, Yellow Ghana aims to unify the African continent into a seamless, borderless economy. The movement received its provisional certificate from the Commission on May 30, 2024, in Accra.

    This recognition, granted under section 8 (2) of the Political Parties Act 2000 (ACT 574), allows Yellow Ghana to organize as a political party in accordance with Ghana’s electoral laws, paving the way for full certification.

    An independent presidential aspirant and interim leader of Yellow Ghana, Samuel Apea-Danquah, shared this milestone on Facebook, highlighting the significance of this achievement for the movement.

    Samuel Apea-Danquah expressed heartfelt gratitude to all who contributed to this milestone and vowed to collaborate with members, executives, and citizens to foster improvements benefiting the entire nation.

    He extended an open invitation to citizens interested in party positions, including parliamentary roles, to apply, emphasizing Yellow Ghana’s commitment to leadership, equality, and prosperity for all.

    In preparation for the 2024 elections, Yellow Ghana has been actively engaging in various initiatives, including the launch of its manifesto, to build a better future for all Ghanaians.

    Meanwhile, Yellow Ghana has denied allegations that it has copied the yellow color used by the Movement for Change.

    Director of Special Duties for Movement for Change, Hopeson Adorye, in an interview with Accra-based Okay FM, expressed appreciation to Yellow Ghana for further publicising the movement.

    According to Mr Adorye, everyone is aware that the colour yellow is affiliated with Alan Kyeremanten’s movement and that it was the first to officially use the colour and make it known to the public.

    He added that the various functions, campaigns, and political activities undertaken by Yellow Ghana were solely making the Movement for Change popular.

    In a rebuttal, Yellow Ghana stated that the party has been in existence since 2020. The leader, Samuel Apea-Danquah, contested the 2020 general election under the Yellow Ghana Movement where he ran as a parliamentary candidate for Ablekuma Central. At this point, Alan was still with the New Patriotic Party.

  • Alan promises to abolish Council of State if elected President

    Alan promises to abolish Council of State if elected President

    Founder and leader of the Movement for Change (M4C), Alan Kwadwo Kyerematen, has announced his intention to abolish the Council of State if elected president, as part of his party’s manifesto, “The Great Transformational Plan” (GTP).

    During the launch of the GTP on Monday, June 24, Alan Kyerematen outlined his vision for significant changes in governance and the economy, proposing the establishment of a new Second Chamber of Parliament to replace the Council of State.

    His plan includes representatives from key stakeholder groups such as labour unions, faith-based organisations, traditional authorities, professional bodies, gender-based organisations, the private sector, and people with disabilities.

    Mr Kyerematen emphasized the need for a more inclusive and representative government, stating, “Abolish the Council of State and establish a new Second Chamber of Parliament with representation from key stakeholders… That is the truly representative government. That is what we call an all-inclusive government and national unity, and that is going to happen.”

    In his address, Mr Kyerematen criticized the New Patriotic Party (NPP) and the National Democratic Congress (NDC), Ghana’s two major political parties, for their governance over the past 32 years.

    He argued that they have failed to demonstrate viable plans for the country’s future and urged Ghanaians to consider a new option in the Movement for Change.

    The GTP, according to Kyerematen, offers a comprehensive blueprint for Ghana’s economic transformation, focusing on building an enterprise-driven economy and providing equal opportunities for all, especially young people, women, and vulnerable groups.

    He highlighted financial mismanagement by the NPP and NDC, citing extensive borrowing to finance manifesto promises as a major issue.

    Mr Kyerematen criticized the culture of unrestrained borrowing, which he believes has contributed to Ghana’s current financial challenges.

  • Ablakwa hails Prisons Service for fighting Bawumia’s Advisor over ‘land capture’

    Ablakwa hails Prisons Service for fighting Bawumia’s Advisor over ‘land capture’

    Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has commended the Ghana Prisons Service for their unwavering courage and steadfast commitment to defending the nation’s interests in the face of adversity.

    In a heartfelt statement released today, Mr Ablakwa praised the Prisons Service for their resilience in the ongoing land litigation involving Professor Kwaku Appiah-Adu, the Senior Policy Advisor to Vice President Bawumia.

    “Today, I celebrate the Ghana Prisons Service for their remarkable courage and infectious love for country,” Ablakwa declared, acknowledging the Service’s enduring struggle against what he described as “threats, intimidation, and abuse of political power.”

    The land dispute dates back to 2005 when Prof. Appiah-Adu and the Lands Commission claimed that President Kufuor instructed the Lands Commission to allocate portions of the Roman Ridge land, belonging to the Prisons Service, to Prof. Appiah-Adu.

    Mr Ablakwa highlighted this history, pointing out the Prisons Service’s steadfast resistance against attempts to encroach upon their land.

    He further noted recent events where Prof. Appiah-Adu allegedly utilized national security operatives to demolish a wall constructed by the Prisons Service to secure their land.

    Despite facing numerous challenges, including court processes, the Prisons Service has remained resolute in their defense of the national interest.

    “The top hierarchy of the Service have demonstrated that even appointees of the same government can confront each other in the national interest,” Ablakwa remarked, urging other state institutions to draw inspiration from the Prisons Service’s example in combating what he termed “marauding State Capture.”

    Ablakwa’s tribute to the Prisons Service comes amidst heightened tensions surrounding the land litigation and underscores the broader significance of the case in the fight against corruption and abuse of power in Ghana.

    In conclusion, Mr Ablakwa expressed solidarity with the Prisons Service, declaring, “Majority of Ghanaians stand with this bold and patriotic men and women in prison’s uniform. State Capture shall surely be defeated!”

  • CPP unlikely to present a presidential candidate for 2024 elections

    CPP unlikely to present a presidential candidate for 2024 elections

    The Convention People’s Party (CPP) is unlikely to field a presidential candidate for the 2024 general election due to ongoing internal disagreements and court cases, according to Sylvester Sarpong-Soprano, the party’s Director of Communications.

    Speaking in an interview with Accra-based Asaase Radio, Sarpong-Soprano cited the inability to conduct primaries and organise effectively as key factors hindering the party’s preparation for the elections.

    “I am not sure we can present a candidate [for 2024] because of what is occurring in the party. The party persistently has not been able to organise [itself], and this is because of multiple repeated court cases challenging the chairman and leader,” Sarpong-Soprano explained.

    He expressed concern that the CPP’s current state could make it challenging to field a candidate unless significant changes occur soon.

    Sarpong-Soprano highlighted the importance of telling the truth about the party’s situation and its impact on their ability to participate in the upcoming elections.

    “As the party stands now, as Director of Communications committed to telling the truth about the situation in the party in the interest of the party, I don’t see how that [fielding a candidate] might be possible,” he added.

    With less than six months remaining until the December elections, the CPP’s decision not to field a presidential candidate could have implications for the political landscape as other parties and movements intensify their campaigns to secure victory.

  • Ghana’s economy to grow to 4.3% in 2024 – Fitch Solutions updates projection

    Ghana’s economy to grow to 4.3% in 2024 – Fitch Solutions updates projection

    Fitch Solutions has revised its projection for Ghana’s real Gross Domestic Product (GDP) growth for 2024, increasing it from the previous estimate of 3.8% to 4.3%.

    The adjustment reflects stronger than anticipated economic activities expected in the upcoming quarters. The firm also forecasts an economic expansion of 4.5% in 2025.

    In its report, Fitch Solutions highlighted the basis for this optimistic revision. “We believe that economic growth over the coming quarters will remain markedly stronger compared to the last two years,” the report stated.

    This growth is attributed to several factors, including an expected decline in inflation and increased government spending ahead of the December general elections.

    Despite inflation remaining high at an average of 24.2% in the first quarter of 2024, Fitch Solutions expects a downward trend, predicting it will reach 19.5% by year-end. This anticipated decrease is primarily due to statistical base effects. The combination of slowing inflation and increased government spending is expected to bolster consumer activity and boost domestic demand.

    Fitch Solutions also pointed to a recovery in fixed investment in 2024. Although interest rates remain elevated due to the Bank of Ghana’s significant rate hikes from 2021 to 2023, business confidence is expected to improve, leading to stronger corporate investment. The central bank had increased rates by a cumulative 1,550 basis points since mid-2021.

    Supporting this positive outlook, the Ghana Statistical Service released data on June 18, 2024, showing that real economic growth accelerated to 4.7% year-on-year in the first quarter of 2024, up from 3.8% in the fourth quarter of 2023.

    This marks the fastest expansion in over two years. The industrial sector saw solid growth of 6.8%, driven by increased output in mining, quarrying, and oil and gas operations.

    From an expenditure perspective, economic growth was primarily driven by a significant 13.8% expansion in fixed investment and healthy growth of 11.2% in private consumption.

  • Chaos at Kejetia Market over trading space dispute

    Chaos at Kejetia Market over trading space dispute

    Tensions flared at Kejetia Market on Monday as a dispute over trading spaces erupted into chaos among the traders.

    The confrontation led to scenes of wailing and curses, highlighting deep-seated frustrations over market management practices.

    The conflict centres on allegations that the market management, led by Managing Director Kofi Duffour and Operations Director Nana Poku, with purported support from Ashanti Regional Minister Simon Osei Mensah, has been selling trading spaces designated for emergency access and firefighting purposes.

    Shop owners claim these spaces are crucial for safety and should remain unobstructed to facilitate emergency responses, particularly in the event of a fire. They argue that the management’s decision to sell these areas compromises the market’s safety, blocking essential exits and putting everyone at risk.

    “The spaces being sold are meant for emergency access and firefighting, not for trading. This endangers us all,” one shop owner lamented during the uproar.

    The traders are demanding immediate intervention from the Ashanti Regional Minister and the Kumasi Metropolitan Assembly (KMA) mayor. They insist that the sale of these disputed spaces be halted to ensure the safety and integrity of the market.

    Concerns have also been raised about the accessibility of fire hydrants within the market. Traders have reported that hydrants are frequently blocked by unauthorized trading activities or sealed due to leakages, further exacerbating the safety risks.

    “We cannot access fire hydrants when needed because they are either blocked or sealed. This is a disaster waiting to happen,” another trader warned.

  • Bawumia’s Advisor fights Prisons Service in court over land at Roman Ridge

    Bawumia’s Advisor fights Prisons Service in court over land at Roman Ridge

    A legal battle has erupted between Vice President Dr Bawumia’s Senior Policy Advisor, Prof. Kwaku Appiah-Adu, and the Ghana Prisons Service over a disputed piece of land at Roman Ridge.

    Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has brought the issue to light by sharing court documents on social media, revealing the ongoing litigation.

    In a post on X, Ablakwa expressed his concern over what he describes as a “war against despicable State Capture.” He accused Prof. Kwaku Appiah-Adu, who also serves as the Board Chair of La Palm Royal Beach Resort, of not only mismanaging the resort but also laying claim to prime land allocated to the Ghana Prisons Service since June 28, 1950.

    “This our war against despicable State Capture isn’t going to be an easy one,” Ablakwa wrote. “The information many public servants are sharing with me is most frightening.”

    According to Ablakwa, Prof. Appiah-Adu has taken legal action against the Ghana Prisons Service, seeking to prevent them from obstructing his use of the disputed land. The situation escalated when Prof. Appiah-Adu allegedly used national security operatives to demolish a fence built by the Prisons Service to protect the property.

    “The Vice President’s top advisor has dragged the helpless Ghana Prisons Service to court demanding that they stop preventing him from enjoying his acquisition,” Ablakwa stated. “In a show of vice-presidential power, Prof. Kwaku Appiah-Adu used national security operatives to demolish a fence constructed by the Ghana Prisons Service to secure their land.”

    The court case continues, with the Prisons Service and the Attorney General’s Department appealing to halt Prof. Appiah-Adu’s claims. Ablakwa highlighted the broader issue of state assets being sold off, citing examples of SSNIT hotels, parks and gardens, beachfront properties, public bungalows, and prison barracks.

    “From our SSNIT hotels, parks and gardens, beachfront, public bungalows, prison barracks, 5G, and now the Roman Ridge Borstal Institute lands — Ghana is simply on sale!” he declared.

    Ablakwa commended former President John Mahama for promising major investigations and repossession of public lands if he assumes office on January 7, 2025. In the meantime, Ablakwa vowed to continue resisting what he termed “lootocratic schemes” both within and outside Parliament.

    “State Capture shall be defeated!” he concluded, urging the public to support the fight against the alleged misuse of state resources.

    The outcome of the court case remains uncertain as the Prisons Service and the Attorney General’s Department pursue their appeal.

  • Appeals Court to rule on Okudzeto vs. Rev. Kusi Boateng contempt case today

    Appeals Court to rule on Okudzeto vs. Rev. Kusi Boateng contempt case today

    The Court of Appeal is set to deliver a ruling on a defamation suit brought by Reverend Victor Kusi Boateng, who seeks to prevent Samuel Okudzeto Ablakwa, the Member of Parliament for North Tongu, from discussing his involvement in the National Cathedral controversy.

    This marks Rev. Kusi Boateng’s third attempt to secure an injunction against the MP after two previous rejections.

    Rev. Kusi Boateng, also known as Adu Gyamfi, had his earlier applications dismissed by the Human Rights Court last July and a high court decision prior to that. Both courts found insufficient grounds to grant the injunctions he sought.

    In this appeal, Rev. Kusi Boateng‘s legal team has introduced additional arguments, hoping to persuade the Court of Appeal to rule in their favor.

    The case has garnered significant media attention due to its implications for freedom of speech and the ongoing scrutiny of the National Cathedral project.

    However, Thaddeus Sory, representing MP Samuel Okudzeto Ablakwa, has raised objections to the appeal.

    Sory contends that the panel hearing the case is not duly constituted as per constitutional requirements, which he argues compromises his client’s right to a fair trial under Article 13 of the 1992 Constitution.

  • Late drama as Zaccagni’s last-minute strike sends Italy to Euro 2024 knockouts

    Late drama as Zaccagni’s last-minute strike sends Italy to Euro 2024 knockouts

    In a dramatic turn of events, Mattia Zaccagni scored a last-minute equalizer for Italy, securing a 1-1 draw against Croatia and ensuring the defending champions’ progression to the last 16 of Euro 2024.

    The goal, coming in the final minute of stoppage time, shattered Croatia’s hopes of advancing from Group B.

    Luka Modric, the Croatian captain, had appeared to be the hero for his team when he hammered a shot into the roof of the net early in the second half, recovering quickly from the disappointment of seeing his earlier penalty saved.

    His goal had Croatia on the brink of securing a spot in the knockout stages as group runners-up.

    https://twitter.com/ItalianoCalcio/status/1805357068418699447

    However, in a cruel twist, Italy found an equalizer deep into stoppage time. Zaccagni’s curling shot in the 98th minute leveled the score and ensured Italy’s progression alongside group winners Spain. The late goal left Croatia with just two points, likely insufficient for them to advance as one of the best third-placed teams.

    The result sets up a last-16 clash between Italy and Switzerland on Saturday, June 29. Meanwhile, the Croatian players were left devastated at the final whistle, collapsing to the ground as their fans stood in stunned disbelief at the turn of events.

    Croatia, 2018 World Cup finalists, had struggled throughout the tournament. They were decisively beaten by Spain and held to a draw by Albania, entering the match against Italy as underdogs. Despite this, they started strongly and had Italy on the back foot for much of the game.

    Modric’s goal, following his missed penalty, ignited hope among Croatian supporters. The 38-year-old showed resilience, driving a shot into the net moments after his penalty save, sending Croatian fans into raptures. Croatia managed the game well after taking the lead but failed to hold off Italy in the dying moments.

    The draw raises questions about the future of Croatia’s veteran stars, including Modric, who are now in their mid to late 30s. For Italy, the draw represents a continuation of their roller-coaster tournament. After narrowly overcoming Albania in their opener and losing to Spain, coach Luciano Spalletti made several changes for this crucial match.

    Despite not being at their best, Italy showed resilience and persistence, ultimately earning the draw that guaranteed their place in the knockout stages. Italian fans celebrated long after the final whistle, hopeful that this dramatic equalizer will be the spark their team needs to ignite a successful campaign at Euro 2024.

    As Italy prepares to face Switzerland, they will look to build on this momentum, aiming to recapture the form that saw them crowned champions at Euro 2020.

  • Research Trust, a research entity linked to Danquah Institute predicts Napo as preferred running mate

    Research Trust, a research entity linked to Danquah Institute predicts Napo as preferred running mate

    A recent Party Level Expectations Survey conducted by Research Trust, a research entity associated with the Danquah Institute (DI), has revealed that Energy Minister Dr. Matthew Opoku Prempeh is the favored choice for the running mate position alongside Vice President Dr. Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP).

    According to the survey, which gauged the expectations of party members regarding the potential running mate for Dr. Bawumia, Dr. Matthew Opoku Prempeh emerged as the frontrunner, with 35% of delegate participants expressing preference for him. The survey also found that a significant portion of respondents (26.8%) were open to any choice Dr. Bawumia makes after his consultations.

    Following Dr. Matthew Opoku Prempeh in the rankings were Hon. Dr. Yaw Osei Adutwum and Hon. Dr. Henry Kokofu, with 14.5% and 10.4% respectively. Additionally, some respondents anticipated the nomination of Apostle Prof. Opoku Onyina and Chief of Staff Frema Opare for the running mate position.

    The survey also highlighted key qualities expected in the running mate, including grassroots mobilization, party unity, competence, human relations, and other attributes related to party support and leadership.

    In conclusion, the report suggests that Dr. Bawumia may consider the findings of this survey, along with other research, to inform his decision on selecting a suitable running mate. While the views of party delegates are crucial, it is also important to choose a candidate who is acceptable to non-party members.

    Although there were concerns among party delegates regarding the delay in nominating a running mate, the report indicates a strong indication of the running mate being named before the end of June 2024.

    Press-briefingDownload
    Running-Mate-2024Download
  • Bolt driver pranked, made to buy 6 packs of sausages and drive around without pay

    Bolt driver pranked, made to buy 6 packs of sausages and drive around without pay

    A Bolt driver has recounted a distressing experience where a customer pranked him into buying six packs of sausages with his own money, only to be left unpaid and frustrated.

    In a video shared on social media, the driver explained that the customer asked him to purchase the sausages, promising to reimburse him upon their arrival at the destination.

    However, after he bought the sausages and reached the designated location, the customer ignored his calls and did not pay him.

    The driver expressed his frustration at being deceived and left out of pocket as a result of the prank.

    The incident highlights the challenges faced by ride-hailing drivers, who often encounter fraudulent or prank requests from customers.

  • Labone SHS senior housemaster allegedly assaults student

    Labone SHS senior housemaster allegedly assaults student

    The family of a final-year student at Labone Senior High School (SHS) has petitioned the Ghana Education Service (GES) and the Ministry of Education to investigate an alleged assault by a senior housemaster.

    The student, identified as Abraham Sambou, was allegedly assaulted by the senior housemaster, Eric Agyemang, popularly known as ‘Power.’

    The incident reportedly occurred after the school prefect accused Sambou of refusing to hand over a mobile phone he was caught with.

    According to the family’s petition, Mr. Agyemang slapped Abraham on Tuesday, June 18, 2024. Despite denying the allegations, Abraham was allegedly barred from attending classes and detained in Mr. Agyemang’s office without food or water until his family arrived around 2 pm to meet with the school’s management.

    As a result of the incident, Sambou was indefinitely deboardinised without due process, forcing him to commute daily from Kasoa to school.

    “The family expressed deep concern about the mistreatment of our ward, Master Sambou, and the conduct of the school authorities, particularly Mr. Agyemang, who has admitted to slapping this vulnerable final year student – a student who needs all the psychological help he can get as the WASSCE approaches,” excerpts of the petition read.

    The petition also highlighted that Sambou has been experiencing severe headaches and pain in his left ear and left eye, prompting him to seek treatment at the Amanfro Polyclinic.

    The family is calling for a thorough investigation into the incident and appropriate action to be taken against those responsible for the alleged assault.

    They are also seeking justice for Sambou and are urging the authorities to ensure the safety and well-being of all students at Labone SHS.

    Family-of-Labone-SHS-student-petition-GES-over-assault-by-Senior-HousemasterDownload

  • Some portions of Affirmative Action Bill are unconstitutional – Haruna Iddrisu

    Some portions of Affirmative Action Bill are unconstitutional – Haruna Iddrisu

    The long-awaited Affirmative Action Bill has encountered a major setback in Parliament as Members of the House consider the bill.

    Former Minority Leader Haruna Iddrisu has raised serious constitutional concerns about several provisions in the bill, suggesting that they may be struck down by the Supreme Court if passed in its current form.

    One of the contentious provisions of the bill seeks to ensure equitable representation of males and females in Parliament, instructing the Electoral Commission to enforce compliance by political parties.

    However, Mr Iddrisu argues that this provision is unconstitutional, citing Article 94 of the constitution, which grants political parties the freedom to field candidates of their choosing in parliamentary elections.

    “We are all elected by political parties to contest as Members of Parliament… how can the Electoral Commission regulate political parties that there should be parity of women?” Mr Iddrisu questioned.

    He emphasized that any changes to the gender composition of Parliament should be done through amending the constitution, rather than through legislation.

    Ranking Member on the Gender and Children’s Committee Hellen Adjoa Ntoso, a proponent of the bill, defended the provision, arguing that it is necessary to ensure fair representation for women, who constitute 51.2% of the population. She emphasized the importance of women having equal opportunities in political positions and decision-making processes.

    In addition to the gender representation issue, the bill also includes a provision that requires media houses to portray females in a positive light.

    Mr Iddrisu also raised concerns about this provision, stating that it infringes on the freedom of media houses and journalists to determine their editorial policies.

    “The woman must merit positive reportage if she behaves positively like any other man,” Iddrisu remarked, indicating that positive portrayal should be based on individual merit rather than a legal mandate.

    The fate of the Affirmative Action Bill hangs in the balance as Parliament continues to debate its provisions, with constitutional concerns threatening to derail its progress.

  • No foreigner has been granted mining concessions without proper consultations – Minerals Commission

    No foreigner has been granted mining concessions without proper consultations – Minerals Commission

    The Minerals Commission has strongly denied allegations made by Yusif Sulemana, the Member of Parliament for Bole-Bamboi, against the Minister of Lands and Natural Resources, Samuel A. Jinapor.

    Mr Sulemana had accused the Minister of granting mining concessions to foreign entities without proper consultation, sparking controversy and tension in the Bole-Bamboi constituency.

    In a press release dated Monday, June 24, the Minerals Commission described the allegations as “baseless and unfounded,” asserting that they lack credibility and should not come from a lawmaker.

    The Commission emphasized that all procedures are in strict adherence to the Mining Act, 2006 (Act 703) and the Minerals and Mining (Licensing) Regulations, 2012 (L.I. 2176), which mandate thorough consultation with all relevant parties before granting any mineral rights.

    According to the Commission, the process begins with the publication of a notice in the Gazette upon receiving an application for a mineral right.

    Copies of this notice are then distributed to the relevant landowners, Chiefs, Metropolitan, Municipal and District Assemblies (MMDAs), and other stakeholders, giving them the opportunity to raise any concerns.

    Yusif Sulemana had claimed that the Ministry of Lands and Natural Resources allocated lands to over seven large-scale miners in the Bole-Bamboi constituency without proper stakeholder consultations.

    Yusif Sulemana, the Member of Parliament for Bole-Bamboi

    He alleged that this oversight had led to clashes, with some New Patriotic Party (NPP) executives reportedly assaulted by soldiers guarding the mining sites.

    Mr Sulemana highlighted the extensive mineral activities in the constituency, including both formal and informal (galamsey) operations, and pointed to the heavy equipment brought in by large-scale miners as a source of tension.

    “It is an issue that we are all worried about. It’s on record that from the beginning of our constituency, that is Bamboi, and to the end of it, has plenty of mineral companies on both the right and left sides of the road and so of course, we have some galamsey activities going on there,” he stated.

    “Unfortunately, from February to date, the Ministry of Lands and Natural Resources has allocated the lands to over seven large-scale miners and the problem was that there were no proper stakeholder consultations. And so the youth are there, and they will see heavy equipment coming to take over what they are doing and that is where the clash is coming from.”

    The Minerals Commission, however, refuted these claims, reiterating its commitment to legal and regulatory procedures.

    “The attention of the Minerals Commission (“the Commission”) has been drawn to publications in a section of the media, attributed to the Member of Parliament for the Bole-Bamboi Constituency, Yusif Sulemana, accusing the Minister of Lands and Natural Resources and the Minerals Commission of granting mining concessions to foreigners without proper consultations. The said accusations, claims and/or allegations are false, baseless, and unfounded,” the Commission stated.

    The Commission’s statement continued: “The Commission wishes to state, categorically, that in accordance with the Minerals and Mining Act, 2006 (Act 703) and the Minerals and Mining (Licensing) Regulations, 2012 (L.I. 2176), no mineral right is granted without consultation with the relevant persons and institutions to be affected by the mineral operation.”

    The Commission urged the public to disregard the false narrative propagated by the MP and reaffirmed its dedication to transparency and stakeholder engagement in all mining-related activities.

    RE-BOLE-MP-ACCUSES-LANDS-MINISTERDownload

  • Shops in Accra to be closed on July 2 for Homowo Clean-up exercise

    The Ga Mantse, King Tackie Teiko Tsuru II, has officially launched the Homowo Clean-up exercise.

    The initiative, launched at the premises of the Accra Metropolitan Assembly (AMA), is set to begin on July 2, 2024, and will span a month under the theme “Let’s Keep Accra Clean.”

    As such all shops and businesses must remain closed on the day of the exercise to ensure maximum participation.

    Addressing the gathering, the Ga Mantse stressed the importance of community involvement and urged leaders of various groups and associations to fully participate in the clean-up efforts.

    “We expect all shops and businesses in the designated area to close on the day of the exercise. We also urge leaders of various groups and associations to participate fully,” he stated.

    The campaign aims to promote effective waste management practices, enhance environmental cleanliness, and foster a sense of community ownership and responsibility towards maintaining a clean environment.

    It is a collaborative effort between the Ga Traditional Council (GTC) and various government agencies, and will be implemented across all 25 local government authorities within the Greater Accra Region.

    Key components of the initiative include household registration for organized waste collection services, education on waste management techniques, and strict enforcement of bye-laws to ensure compliance. King Tackie Teiko Tsuru II warned against politicizing the exercise, emphasizing that environmental cleanliness is a non-partisan issue that affects everyone.

    The Ga Mantse called on residents to adhere to sanitation bye-laws, clean their frontages, gutters, and premises, and advocated for the reintroduction of communal labor alongside intensified public education on sanitation. He also announced that a special task force would be deployed to arrest and prosecute individuals who refuse to comply with sanitation regulations.

    In addition, the Ga Mantse introduced a competitive aspect to the campaign, with sanitation competitions among schools, communities, markets, and lorry stations. Awards will be given to the cleanest entities, fostering a spirit of friendly competition and community pride.

    Corporate institutions in the capital were urged to adopt sustainable practices and green policies that prioritize environmental well-being. In a show of support, collaborating government ministries pledged their resources and expertise to ensure the success of the initiative.

    Accra Mayor Elizabeth K.T. Sackey expressed her commitment to the campaign, highlighting the importance of a clean environment for the city’s safety and security. She praised the Ga Mantse’s involvement, noting that his participation underscores the gravity of the issue and the collective responsibility required to create a cleaner, healthier Accra.

    Deputy Minister of the Ministry of Local Government, Decentralisation, and Rural Development (MLGDRD), Vincent Ekow Assafuah, commended the Ga Mantse’s leadership and contributions to Accra’s cleanliness. He emphasized that the Homowo festival is deeply rooted in values of cleanliness and community pride.

    Minister of Sanitation and Water Resources (MSWR), Lydia Seyram Alhassan, assured that her ministry is fully equipped and ready for the clean-up exercise.

    She detailed the resources available, including 30 compaction trucks, over 30 tricycles, thousands of Wellington boots, 15,000 security personnel, a dedicated task force, and environmental health officers to enforce sanitation bye-laws.

    Greater Accra Regional Minister, Daniel Nii Kwartei Titus-Glover, expressed gratitude to the Ga Traditional Council (GTC) for reviving the ‘Keep Accra Clean’ campaign and noted that the exercise will be implemented in phases, with the first phase launching on July 2 in the Accra metropolitan area.

    “We have mobilized resources and forged partnerships to ensure the success of the clean-up exercise,” he assured, reflecting the collective commitment to achieving a cleaner, greener Accra.

    As the Homowo Clean-up exercise kicks off, all stakeholders are expected to play an active role in making the campaign a resounding success, contributing to a sustainable and healthy environment for all residents of Accra.

  • 2nd accused in Kasoa ritual case moved to Nsawam Prison

    2nd accused in Kasoa ritual case moved to Nsawam Prison

    The presiding judge in the Kasoa ritual murder case has ordered the transfer of the second accused, Nicholas Kini, from police custody to the Nsawam prison.

    The directive was issued during a court session on Monday, June 24, following concerns raised by the prosecution.

    Nicholas Kini, 18, has been on trial alongside 15-year-old Felix Nyarko for the alleged murder of 10-year-old Ishmael Abdallah in 2021.

    The two have been held in police custody since their arrest. However, Kini has been moved between several police stations in Accra, including Nima, Ministries, Cantonments, and Osu.

    The case investigator revealed that Kini has been involved in multiple altercations with fellow inmates, prompting the Osu Police Station to refuse his return.

    The prosecution, citing these incidents, requested that Kini be transferred to prison custody to avoid further disturbances and ensure the safety of all parties involved.

    In court, Nicholas Kini denied the allegations of instigating fights. His lawyer expressed surprise at the accusations and requested the judge to caution his client instead of ordering a transfer.

    Despite this plea, Justice Lydia Osei Marfo decided that the best course of action would be to place Kini in Nsawam prison. She emphasized that this decision was made to maintain order and allow the legal proceedings to continue without further complications.

    The court ordered that Kini be held in Nsawam prison and brought back to court when necessary. This move aims to provide a more stable environment for Kini, given the challenges faced in police custody.

  • Unknown persons steal GHC71K ECG transformer at Bunso

    Unknown persons steal GHC71K ECG transformer at Bunso

    Unknown individuals have stolen a transformer belonging to the Electricity Company of Ghana (ECG) in Bunso, located in the Fanteakwa South District of the Eastern Region.

    The 100kVA transformer, valued at GH¢71,000, was taken last week from its position at the Bunso Police barrier, near the police station.

    The transformer was situated on the land of the CSIR-Plant Genetic Resources Research Institute, just a short distance from both the Bunso Police Station and the Fire Service command.

    The theft is suspected to have occurred while personnel were on duty, highlighting the brazen nature of the crime.

    This incident has led to prolonged power outages affecting these institutions and households in the surrounding area for over a week.

    Sources at the Eastern Regional Office of the ECG, who are deeply concerned about the frequent attacks on their installations, are working diligently to replace the stolen transformer. The replacement will incur an additional 20 percent cost.

    ECG management has called on security agencies to enhance their vigilance and proactively clamp down on the criminal elements whose activities are posing a significant threat to the stability of power supply in the region.

  • Energy Minister, CBOD halt downstream monitoring deal handed to SML by GRA

    Energy Minister, CBOD halt downstream monitoring deal handed to SML by GRA

    The Energy Minister, Matthew Opoku Prempeh, and the Chief Executive of the Chamber of Bulk Oil Distributors have raised concerns about the resumption of work by Strategic Mobilisation Limited (SML) in monitoring operations in Ghana’s Downstream Petroleum sector.

    The two officials highlighted issues with SML’s technology, stating that it was inferior to the revenue monitoring systems developed by the Ministry of Energy, Ministry of Trade and Industry, and other stakeholders based on the Singaporean Standard.

    In a letter to the Commissioner-General of the Ghana Revenue Authority (GRA), the Energy Minister emphasized the importance of adhering to the new standards developed for measurements in the oil and gas sector, which utilize the Coriolis mass flow metering system.

    Meanwhile, the GRA had directed SML to restart its monitoring activities in the downstream petroleum sector effective June 14, 2024, following a comprehensive audit by KPMG. The audit concluded that SML contracts had breached several laws, including the Public Financial Management Act, and should go through Parliament for approval.

    The Ministry of Energy also announced the development of new measurement standards for the oil and gas sector in collaboration with the Ghana Standards Authority (GSA) and other stakeholders, based on the Singaporean Standard and utilizing the Coriolis mass flow metering system.

    These developments follow President Akufo-Addo’s commissioning of KPMG to audit the contract between the GRA and SML, which revealed significant financial details, including payments received by SML totaling GH¢1,061,054,778.00 from 2018 to the present.

    In light of these revelations, the CBOD CEO, Dr. Patrick Ofori, emphasized the existing mechanisms in place to ensure effective monitoring and mobilization of government revenue from the downstream petroleum sector, including systems by the National Petroleum Authority (NPA), the GRA, and tracking systems for fuel transportation.

    The GRA’s directive for SML’s operational resumption and the introduction of new measurement standards aim to enhance revenue collection in Ghana’s downstream petroleum sector and ensure accurate and reliable monitoring services.

    However, Dr. Ofori noted that there are more than four mechanisms in place to safeguard government revenue, suggesting a need for further scrutiny to ensure the effectiveness of these systems in protecting government revenue.

    The government’s efforts to enhance revenue assurance in the downstream petroleum sector underscore the importance of implementing robust monitoring systems to safeguard public funds and ensure transparency in the industry.

  • I got separated from my wife 20 years ago – Yaw Sarpong

    I got separated from my wife 20 years ago – Yaw Sarpong

    Gospel musician Yaw Sarpong has noted that he has long been divorced from his wife, Adwoa Pinamang, for about two decades.

    He made this revelation when he addressed recent allegations made by his ex-wife.

    He clarified that their marriage ended 20 years ago when Pinamang left him and their children.

    In a radio interview, Pinamang accused Sarpong’s family of preventing her from caring for him during his illness and claimed that Tiwaa, a female vocalist, had taken Sarpong from her with the family’s help.

    Despite their long separation, Pinamang insists they are still married, arguing that they have never officially divorced and she should be considered his legitimate wife.

    However, Yaw Sarpong stated that their marriage was never legally formalized and thus did not require a legal divorce. He explained that the union only involved traditional rites, including the presentation of a Bible, soft drinks, and a ring.

    According to him, Pinamang abandoned him and their children and moved to Kumasi during a time when he was seriously ill.

    He noted that there has been no form of communication between he and his ex-wife since they both went their separate paths.

    He suspects her renewed interest may be linked to the GH¢100,000 gift he recently received from Vice President Mahamudu Bawumia.

    Despite these issues, Sarpong emphasized that he has moved on with his life but intends to resolve any outstanding matters with his ex-wife amicably.

  • Watch Okudzeto ‘disgrace’ Nana Akomea on live TV for mismanaging STC

    Watch Okudzeto ‘disgrace’ Nana Akomea on live TV for mismanaging STC

    Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, smeared the reputation of the Managing Director of Intercity STC Coaches Limited, Nana Akomea, in the mud over the company’s ineffectiveness over the years.

    In an interview on Metro TV’s Good Morning Ghana, Mr Ablakwa berated Nana Akomea for watching STC continuously run at a loss from 2017 to date.

    Reading an excerpt of a SIGA report that highlights the company’s ineffectiveness, he pointed out that due to mismanagement, the company from 2017 to the present times, has incurred a loss of GHC162.4 million.

    Mr. Ablakwa provided a breakdown of the financial losses recorded over the years:

    • 2017: Losses of 28.9 million
    • 2018: Losses of 18.1 million
    • 2019: Losses of 27.9 million
    • 2020: Losses of 35.1 million
    • 2021: Losses of 52.4 million

    The current average loss is GHC32 million.

    He empathised with the company for the losses recorded in 2020 due to the emergence of the COVID-19 pandemic. However, chastised the management for its failure to see a comeback as observed by some other state institutions such as Labadi Beach Hotel.

    “In 2020, when Labadi made a small loss and not as huge as this. In 2021, they had picked up making GHC38 million profit. Nana Akomea’s STC couldn’t pick up,” he said.

  • Gov’t has excluded MTN from 5G rollout – Communications Minister

    Gov’t has excluded MTN from 5G rollout – Communications Minister

    The Minister of Communication and Digitalisation, Ursula Owusu-Ekuful, has clarified that MTN, one of Ghana’s leading telecommunications companies, has not been excluded from the country’s 5G rollout plans.

    The announcement comes after concerns were raised by industry experts when the government revealed its intention to introduce 5G within the next six months, with MTN not initially included in the consortium – Next-Gen InfraCo (NGIC) – tasked with implementing the 5G network.

    In an interview on the Citi Breakfast Show, Owusu-Ekuful addressed the issue, stating that MTN will be involved in the 5G rollout at some point.

    She refuted claims that MTN was deliberately excluded, calling them a false alarm and far from the truth.

    “I don’t know who created that impression. Somebody threw it out there, and nobody spoke to me or any of those involved in putting this consortium together before spreading this false alarm. It is not true,” she clarified.

    Owusu-Ekuful further explained that discussions are ongoing, and all network operators in the country, including MTN, are being offered the opportunity to take up equity in the Next-Gen InfraCo.

    The consortium responsible for the 5G rollout includes Ascend Digital, K-NET, Radisys, Nokia, and Tech Mahindra, along with two telcos, AT Ghana and Telecel Ghana.

  • Bawumia can think for himself, stop lobbying for running mate position – Ursula to NPP members

    Bawumia can think for himself, stop lobbying for running mate position – Ursula to NPP members

    Ursula Owusu-Ekuful, the Member of Parliament for Ablekuma West constituency, has expressed her disapproval of some party members lobbying to be the running mate for the New Patriotic Party’s flagbearer, Dr. Mahamudu Bawumia.

    Mrs Owusu-Ekuful stated that such actions are disrespectful and undermine the decision-making authority of the Presidential nominee.

    In an interview on the Citi Breakfast Show, the Communication Minister emphasized the importance of allowing Dr. Bawumia the freedom to make his choice without external pressure.

    She stated, “Let him be given the space to choose the person he best thinks can partner with him. I think it is even disrespectful for people to be lobbying as if he can’t make his own decision.”

    Mrs Owusu-Ekuful urged the public to refrain from putting pressure on Dr. Bawumia to nominate his running mate, emphasizing that the position should not be sought after or gambled for.

    She stated, “It is an appointed position and I think the flagbearer should be left alone and given the space to decide who he thinks can best partner him and boost his chances in the election.”

    Calls for the NPP’s flagbearer to nominate a female running mate have intensified in recent times, with the names of Akosua Frema Osei-Opare and Naa Torshie being mentioned.

    However, Owusu-Ekuful clarified that while her name may be speculated, she has never expressed interest in the position or lobbied for it.

    Dr. Bawumia was elected NPP flagbearer in December 2023, but he is yet to announce his running mate. Energy Minister Dr. Matthew Opoku Prempeh has been tipped as the front runner in the race for the running mate position.

  • Confirmed! Some NPP members are lobbying for running mate position

    Confirmed! Some NPP members are lobbying for running mate position

    Some NPP members are lobbying for the running mate position of the party’s flagbearer, Dr. Mahamudu Bawumia, ahead of the upcoming general elections.

    According to sources within the party, there is a growing list of potential candidates seeking to be considered for the position.

    The Member of Parliament for Ablekuma West constituency, Ursula Owusu-Ekuful, has reacted to this news.

    Mrs However, Owusu-Ekuful has expressed her disapproval of this approach, stating that lobbying for the position is disrespectful and undermines Dr. Bawumia’s authority to make his own decision.

    In an interview with Bernard Avle on the Citi Breakfast Show, Mrs Owusu-Ekuful emphasized the need to allow Dr. Bawumia the freedom to choose his running mate without external pressure.

    She stated, “Let him be given the space to choose the person he best thinks can partner with him. I think it is even disrespectful for people to be lobbying as if he can’t make his own decision.”

    Mrs Owusu-Ekuful also urged the public to refrain from putting pressure on Dr. Bawumia to nominate his running mate, emphasizing that the position should not be sought after or gambled for.

    Bawumia was elected NPP flagbearer in December 2023 during the party’s primaries. It has been six months after the primaries, and five months to the general elections, and he is yet to announce his running mate.

    Energy Minister Dr Matthew Opoku Prempeh has been tipped as the front runner in the race for the running mate position.

  • Your GHC47m can only organise exams – WAEC to gov’t

    The West African Examinations Council (WAEC) has revealed that it will not be able to settle all outstanding debts ahead of the 2024 Basic Education Certificate Examination (BECE) due to outstanding arrears owed by the government.

    Despite the release of over 47 million cedis by the Finance Ministry to defray part of the approximately 90 million cedis owed to the examination body, WAEC spokesperson John Kapi stated that the amount released will be used to address priority items on its scale of preference.

    Mr Kapi explained that while some answer booklets have been printed and pencils and bond paper purchased, the debtors will not be paid, although the examination will proceed as planned.

    This revelation comes after WAEC clarified that it only received GH¢47.125 million from the government, contrary to the GH¢80 million announced in Parliament by the Majority Chief Whip, Frank Annoh-Dompreh.

    Annoh-Dompreh had stated that the Ministry of Finance released GH¢80 million to the council, but Kapi clarified that it was GH¢47.125 million that was received and that the amount had been processed through the Government Integrated Financial Management System (GIFMIS), awaiting translation into actual cash.

    The inability to settle all debts underscores the financial challenges faced by WAEC and highlights the impact of government arrears on the operations of key institutions.

    Despite these challenges, WAEC remains committed to conducting the BECE in accordance with its mandate, ensuring that students are able to take their examinations as scheduled.

  • Enchi-Elubo bridge collapses, residents stranded

    Enchi-Elubo bridge collapses, residents stranded

    The collapse of the only bridge linking Enchi and Elubo over the Boin River at Boinso in the Aowin Municipality has left residents and travelers stranded, creating significant disruptions to daily commute and transportation of goods in the area.

    The incident, which occurred on Sunday morning, has isolated Boinso and other communities from surrounding areas, critically impacting local businesses and access to essential services. Fortunately, no casualties were reported.

    Residents expressed their frustration over the collapse, highlighting that the bridge had been in a dilapidated state for years without any repair efforts.

    Chief Nana Kwadwo Miah III of Boinso appealed to authorities for immediate intervention to restore the bridge and ensure the safety and convenience of the affected communities.

    He emphasized that the bridge is vital for accessing schools, markets, and healthcare services, underscoring the urgent need for its repair to accelerate socio-economic development in the area.

    The collapse of this crucial bridge underscores the need for proactive maintenance of infrastructure to prevent such disruptions and ensure the safety and well-being of communities.

  • Over 1,400 businesses participate in YEA’s BEAP initiative

    Over 1,400 businesses participate in YEA’s BEAP initiative

    The Youth Employment Agency (YEA) has initiated the Business and Employment Assistance Programme (BEAP) with an initial rollout supporting 1,452 businesses, aiming to strengthen Ghana’s economic recovery in the wake of the COVID-19 pandemic.

    BEAP is designed to assist 10,000 Small and Medium Scale Enterprises (SMEs) and startups that were severely affected by the pandemic, providing them with essential financial support.

    The first phase of BEAP includes 1,452 businesses, with plans to add more every month. As part of this initiative, payments have commenced for 1,500 verified beneficiaries who have been strategically placed in various sectors, including chop bars, pharmacies, and schools. These individuals receive vital salary support amidst the ongoing economic challenges.

    This milestone marks significant progress in YEA’s efforts to reduce unemployment and support struggling enterprises. Each recruited employee under the program receives GH¢500, with additional contributions from employers, to help mitigate the financial strains faced by businesses. This support is crucial, as highlighted in a recent survey by the Ghana Statistical Service.

    BEAP aims to provide a lifeline to SMEs and foster employment opportunities across Ghana, targeting a total of 20,000 beneficiaries as part of its broader initiative. By supporting 10,000 companies, the program facilitates the employment of approximately 20,000 individuals, thereby alleviating financial burdens on enterprises and enhancing employment prospects for the Ghanaian workforce.

    In the 2022/2023 period, the government of Ghana, through YEA, recruited:

    • 15,000 Community Protection Assistants working with the Ghana Police Service.
    • 6,000 Community Health Workers working with the Ghana Health Service.
    • 1,500 Prison Office Assistants working with the Ghana Prisons Service.
    • 4,000 workers on the Cocoa Rehabilitation Programme.
    • 5,000 Insurance Agents for the National Insurance Commission with base pay.
    • 13,000 direct jobs secured through the YEA Job Centre.
    • 2,000 dressmaking trainees undergoing apprenticeship training with GHC500 monthly support.
    • Over 30,000 entrepreneurs trained by the National Entrepreneurship and Innovation Programme (NEIP) and the Ghana Library Board with support for set-ups.
    • 2,000 young people trained by the Accra Digital Centre in Basic and Advanced IT skills.

    Currently, YEA is recruiting another 20,000 young people to be trained and set up in 10 different trade areas, including carpentry, masonry, plumbing, hairdressing, beauty care, auto works, general electricals, Plaster of Paris (POP), steel works, welding and fabrication, and painting. Arrangements for the training sessions, set to begin next week, have been finalized.

    Other YEA initiatives include:

    • 45,000 Sanitation Module beneficiaries.
    • Financial support to over 500 dressmakers and 40 large garment companies.

    Through these various initiatives, YEA has made a significant impact on community services, health, entrepreneurship, and vocational training sectors, providing a beacon of hope for Ghanaian youth seeking stable employment and entrepreneurial opportunities.

  • ICC dismisses Micheletti International’s arbitration against Ghana

    ICC dismisses Micheletti International’s arbitration against Ghana

    The International Chamber of Commerce (ICC) has dismissed an international arbitration instituted by Micheletti Company Limited against the Government of Ghana in May 2023 claiming damages for breach of contract relating to the rehabilitation of the of the Ohene Djan Sports Stadium in Accra.

    The ICC Tribunal composed of Sadaff Habib (President), Shadrack Arhin and Justin Amenuvor (Members) in its partial award on jurisdiction, upheld the contention of the Attorney-General of Ghana that the arbitration proceedings was statute-barred as it had been instituted out of the time allowed by the Limitations Act of Ghana.

    History of Case

    In April 2006 the Respondent, the Government of Ghana, executed an agreement with Waterville Holdings (BVI) Limited for the rehabilitation of a forty thousand seating capacity of a number of sports stadia in the country (the “Project”) in preparation for the 2008 African Nations Cup. These stadia included the Ohene Djan Sports Stadium, the El-Wak Stadium both in Accra, and the Baba Yara Sports Stadium in Kumasi, Ghana.

    Under the Agreement, the Claimant Micheletti, was the local sub-contractor for the rehabilitation of the Ohene Djan Sports Stadium in Accra, while Consar Limited was the local sub-contractor for the Baba Yara Sports Stadium in Kumasi. On 1st August 2006 however, the Government terminated the Agreement with the Contractor on the basis that the Agreement had not received approval from Cabinet.

    The Government subsequently entered into negotiations with the sub-contractors, Micheletti Co. Ltd (the Claimant) and Consar Ltd., to continue with the rehabilitation of the stadia.

    The value of the work undertaken by the Contractor was duly certifified and the Government of Ghana subsequently paid for all the work certified as having been discharged.

    The arbitration proceedings instituted in 2023 were in respect of claims by Micheletti that had allegedly not been honoured by the Government.

    Micheletti claimed among others, special damages for the default of the Government of Ghana, the sum of US$ 400,000.00, interest on the said sum from February, 2009, at the current Bank of Ghana forex rate plus 3% point till date of final payment and administrative fees and Arbitral cost.

    Arbitral Proceedings

    Whilst denying liability for any indebtedness, the Office of the Attorney-General raised a preliminary legal objection in accordance with article 5(1) of the ICC Rules of Arbitration.

    Assistant State Attorney, Ms. Anne-Marie Ayanru contended that the Claimant had not exhausted the dispute resolution mechanisms procedure applicable under the FIDIC General Conditions of Contract, which required the Parties to submit any dispute arising to a Dispute Adjudication Board (DAB) at first instance, and therefore, the Tribunal had no jurisdiction to determine the claim by Micheletti.

    Further, Ghana argued that even if the Tribunal were to find that it had jurisdiction, the Claimant’s claim having been filed more than 14 years after the cause of action arose, was statute-barred under Ghanaian law, which is the substantive law of the Agreement.

    The right of the Claimant to initiate any dispute resolution mechanism for a matter bordering on breach of contract, according to the Attorney-General, could only be enforced within a six-year period after accrual of the cause of action which occurred on 19th May, 2009.

    The Tribunal agreed to a bifurcation of issues, which allowed a determination of the preliminary objection and the claim of the action being statute barred, first. Consequently, the parties filed full arguments in respect of the preliminary issues raised by the Government of Ghana.

    The Award

    Delivering its award on the legal objections by Ghana, the ICC found that it had jurisdiction to hear the matter because the Claimant had taken steps to notify the Respondent of its intention to refer the dispute to a dispute adjudication board before commencing the arbitration proceedings, but such steps were ignored by the Respondent.

    The Tribunal however agreed with the Government of Ghana that the action was statute-barred under Ghanaian law, having been instituted way beyond 2015, i.e. more than 6 years allowed by Ghana’s Limitation Act.

    This made the claim inadmissible. The Tribunal therefore proceeded to dismiss the claims by Micheletti entirely.

    The Tribunal is currently considering submissions by the parties on the amount of costs to award in favour of the Government following the dismissal of the claim and will soon decide the question of the quantum of costs.

    DOC-20240315-WA0003_240318_130033Download
  • GHS20m released by gov’t to offset student loans

    GHS20m released by gov’t to offset student loans

    The Ministry of Finance has announced the release of GHS20 million to support students in both private and public tertiary institutions across the country.

    This fund, disbursed through the Student Loan Trust Fund (SLTF), aims to assist approximately 10,243 students who have applied for financial aid.

    Nuhu Bayorbo Mahama, the Chief Executive Officer of the SLTF, addressed the media on Friday to provide details on the allocation.

    He revealed that the trust fund has already disbursed around GHS58 million to 54,658 students for the 2023/24 academic year. This includes approximately GHS27 million allocated as allowances to 68,000 teacher trainees during the same period.

    Mahama emphasized the critical role of these funds in enabling students to register for their examinations, thereby ensuring they can continue their education without financial hindrances.

    “The release of this fund is crucial in helping our beneficiaries register for their examinations. We are committed to supporting students in achieving their educational goals,” Mahama stated.

    Since the implementation of the government’s ‘No Guarantor Policy’ two years ago, there has been a significant increase in the demand for student loans. This policy has simplified the loan application process, making it easier for students to access financial support.

    Each student beneficiary is expected to receive between GHS1,500 and GHS3,000, depending on their individual needs. The allocation aims to cover essential expenses and reduce the financial burden on students.

    “The ‘No Guarantor Policy’ has made a substantial impact, and we have seen a drastic rise in the number of students applying for loans. Our goal is to ensure that no student is left behind due to financial constraints,” Mahama added.

  • Davido and Chioma share stunning pre-wedding photos

    Davido and Chioma share stunning pre-wedding photos

    Nigerian music sensation Davido has delighted fans with a sneak peek of his pre-wedding photos with fiancée Chioma Rowland, as the couple prepares for their highly anticipated wedding.

    The photos, shared on Sunday, June 23, feature the couple in a variety of culturally inspired outfits, radiating excitement and joy as they gear up for their big day.

    Davido captioned the post with “#CHIVIDO2024,” the official hashtag for their wedding, further heightening the anticipation among their followers.

    This reveal follows Davido’s recent announcement that he and Chioma would be officially tying the knot. The wedding is set to take place in Lagos on June 25, marking a significant milestone in their relationship.

    Davido and Chioma, who are parents to twins born in 2023, have experienced both joy and sorrow in recent years. The couple tragically lost their first child in a drowning incident the previous year. Despite this heartbreaking event, they privately wed shortly afterward, a fact Davido confirmed in a 2023 interview while discussing his brief hiatus from music.

    “Before I went on break I had an album ready, the tour ready, but we re-did the album. I am married, a lot of different things. But yeah we are ready now to get back on the road and back on tour,” Davido shared.

    Chioma also commemorated their union by posting photos from the private ceremony on her Instagram, captioning them “Wedding Ceremony of Mr and Mrs Adeleke. Forever.”

    As the wedding date approaches, fans and well-wishers eagerly await the celebration of Davido and Chioma’s love story, which has captivated many across the globe.

  • Lightning strikes man, Tokokoe residents abandon corpse

    Lightning strikes man, Tokokoe residents abandon corpse

    The quiet community of Tokokoe in the Ho Municipality is grappling with shock and superstition after a 55-year-old man, identified as Galley Kofi, was fatally struck by lightning.

    The tragic incident occurred on Thursday evening, June 20, around 6:30 pm, and has since left the deceased’s body unattended outside his home due to cultural and spiritual beliefs.

    Galley Kofi was in his room with his girlfriend when a sudden and powerful lightning strike struck him, resulting in his immediate death.

    The rare and shocking nature of the event has plunged the community into a state of fear and superstition. According to Adom News’ Volta Regional correspondent, Odehyeba Owusu Job, the community has not recorded such an incident for nearly a century, leading to speculations about spiritual connotations surrounding Kofi’s death.

    Raymond Kporvu, the Assemblyman for the Tokokoe Electoral Area, explained that the community believes specific rituals are necessary to appease the gods before the body can be moved. “The last lightning strike in this area happened almost a hundred years ago, so the community sees this as more than just a natural occurrence,” Kporvu said.

    Despite the arrival of a team of Police personnel and officials from the National Disaster Management Organisation (NADMO) to assess the situation, the removal of the body has been delayed. Some family members requested more time to consult a shrine and perform the necessary rituals. As a result, as of Sunday morning, June 23, Galley Kofi’s body remained outside his home.

    The delay has raised health concerns within the community due to the decomposing body. Assemblyman Kporvu expressed his worries about the potential health hazards posed by the situation. He assured that plans were in place for a fetish priest to perform the required rites later in the day, allowing the body to be moved to the morgue by the end of the day. “We understand the spiritual and cultural practices, but we must also consider the health risks. We are committed to ensuring the body is removed today to prevent any potential health issues,” Kporvu stated.

    The Tokokoe community remains in a state of apprehension as they await the completion of the rituals and the subsequent removal of Galley Kofi’s body.

  • AIDS Commission partly blames non-disclosure of status by spouses for HIV infections surge

    AIDS Commission partly blames non-disclosure of status by spouses for HIV infections surge

    The Director General of the Ghana AIDS Commission, Dr. Steve Kyeremeh Atuahene, has partly attributed the rise in new HIV infections in Ghana to individuals’ reluctance to disclose their HIV status to their spouses, fearing desertion.

    Dr. Atuahene emphasized that the refusal of some HIV-positive individuals to continue their medication was a significant factor in the spike.

    He explained, “The fear of the husband or wife deserting them leads some not to disclose their status. Some are afraid their spouse may discover they are taking daily medication, leading them to hide or discontinue their medicines.”

    According to the Ghana AIDS Commission, over 334,000 people live with HIV in Ghana. In 2023, the country reported 17,774 new cases, with 11,317 women and 6,457 men affected.

    This alarming trend has prompted the commission to address the underlying causes and increase awareness about the importance of medication adherence and status disclosure.

    Dr. Atuahene highlighted the increased vulnerability of females to HIV infections compared to males. He explained, “When a female has sex with a man, penile sex and the man ejaculates, the sperm which might contain HIV particles may remain in her for quite some time, whereas that of the male you hardly can see that. Secondly, the surface area of the vagina is much wider than that of the male, and thirdly, the mucus membrane of the vagina is much more fragile than that of the male.”

    Additionally, the Director General noted that universal male circumcision in Ghana serves as a protective factor against HIV transmission. “Women must be aware that they are more vulnerable and therefore they should protect themselves,” he emphasized.

    Dr. Atuahene also pointed out the significant difference in transmission rates between genders.

    “The transmission rate from woman to man is just about 2%, whereas it is more than 12% for a man. That is why women should not gamble with their health and their life by just accepting that ‘if he will give them more money to have sex without a condom, it’s okay for me.’ It shouldn’t be okay for you, especially when you might have untreated sexually transmitted diseases that can also heighten the chance of you getting HIV,” he warned.

    The Ghana AIDS Commission continues to advocate for increased awareness and preventive measures to combat the rise in HIV infections.

    By addressing issues such as status disclosure, medication adherence, and gender-specific vulnerabilities, the commission aims to reduce the incidence of HIV and improve the quality of life for those affected.

  • Under-developing African countries must have their own credit rating agencies – Associate Prof.

    Under-developing African countries must have their own credit rating agencies – Associate Prof.

    In a call for financial independence and development, Professor Elikplim Komla Agbloyor, an Associate Professor in Finance at the University of Ghana Business School (UGBS), has urged under-developing African countries to establish their own credit rating agencies. T

    his, he argues, will empower more companies to issue bonds, thereby bolstering local financial markets, reducing borrowing costs, and increasing access to capital markets for African nations.

    Speaking at an inter-college lecture during the 2024 Day of Scientific Renaissance of Africa (DSRA) celebrations, organized by the College of Humanities of UGBS in Accra, Professor Agbloyor emphasized the importance of developing local financial infrastructures.

    “We cannot always be going to the Eurobond market to borrow,” he said. “We need to develop our own financial markets where African countries can issue bonds and ensure that investors will be able to buy these bonds.”

    The lecture, titled “A $75 Billion Question: Do African Countries Suffer a Systematic Sovereign Credit Ratings Bias?” highlighted the biases faced by African countries in the global credit rating system. Professor Agbloyor pointed out that credit ratings are crucial indicators of a borrower’s quality.

    However, recent downgrades in Ghana’s credit rating have had significant repercussions, increasing borrowing costs and limiting access to international capital markets.

    “The downgrades mean that the quality of borrowers has been reduced,” he explained.

    “If you are downgraded, your credit quality reduces, cost of borrowing increases, making borrowing very expensive. In the case of Ghana, Egypt, and Zambia, you can no longer access international capital markets, meaning you cannot issue Eurobonds.”

    These downgrades lead to capital flow reversals, currency depreciation, imported inflation, banking crises, and eventually full-blown economic crises. Professor Agbloyor noted that Ghana might regain access to the global capital market by 2028.

    Currently, Standards and Poor’s (S&P) has rated Ghana as Selective Default, complicating its ability to issue bonds in the near future.

    The professor’s research was inspired by an article from the Economist, which suggested that African countries might suffer from a credit rating bias.

    Further motivation came from a United Nations Development Programme (UNDP) study, which posited that fair credit ratings for African countries could save the continent an average of $75 billion annually—funds that could be redirected towards development.

    “Credit rating agencies have argued that there is no rating bias and that the ratings are fair and reflect the risks of Africa,” Professor Agbloyor said. However, his findings indicate otherwise.

    A random sampling of African countries compared with non-African countries revealed a bias, with Africa being a significant predictor of lower credit ratings.

    He stressed that a country’s location should not determine its credit ratings, whether it is in Africa, the United States, Canada, or Asia.

    To mitigate these biases, Professor Agbloyor advocates for the establishment of African credit rating agencies, run by the private sector to avoid potential credibility issues associated with government-run agencies.

    “People may not trust the ratings from the onset due to credibility issues, but credibility starts from somewhere, so let us support our own,” he concluded.

    The DSRA celebration also featured an exhibition of scholarly works by various departments, institutes, and centres of the University of Ghana, including the Centre for Migration Studies, School of Performing Arts, Centre for Social Policy Studies, and Department of Geography.

  • Historic! Yagbonwura visits Ya Na’s palace today

    Historic! Yagbonwura visits Ya Na’s palace today

    In a historic development generating massive excitement across the Northern Region, the Overlord of Gonjaland, His Royal Majesty Yagbonwura Bii-Kunuto Jewusoale I, is set to visit the Chief of the Dagbon Kingdom, Ya Na Mahama Abukari II, at his palace in Yendi today, Sunday, June 23, 2024.

    This unprecedented visit marks the first time in history that an Overlord from either the Dagbon or Gonja kingdoms has visited the other.

    Despite the Dagombas and Gonjas being neighbors for centuries, no king from either side has ever undertaken such a visit.

    The Yagbonwura’s visit to the Ya Na’s palace is not only a symbol of mutual respect and cooperation but also an opportunity to foster unity and collaboration between the two kingdoms.

    The people of the Northern Region are particularly enthusiastic about the visit, seeing it as a hopeful sign of continued peace and harmony.

    Following his visit to the Dagbon Kingdom, the Yagbonwura will also make a historic visit to the Mamprugu Kingdom, where he is scheduled to meet Nayiri Na Mahami Bohigu Sheriga.

    These visits are expected to open new chapters of collaboration and unity among the traditional leaders of the Northern Region, setting a positive precedent for future interactions.

  • Sirigu SHS qualifies for NSMQ national stage for the first time

    Sirigu SHS qualifies for NSMQ national stage for the first time

    Sirigu Integrated Senior High School (SISEC) is set to make their first appearance on the national stage of the National Science and Maths Quiz (NSMQ) after years of determined efforts.

    The school, located in the northern part of the Upper East region, clinched their spot by defeating Sandema SHS in a fiercely contested regional qualifier.

    In what was described as a revenge battle for supremacy, SISEC displayed remarkable composure and strategy. They focused on diligently answering their main questions while tactically avoiding the bonuses of their opponents, guided by the famous Akan adage “Dzi wo fie asem” (Mind your own business).

    At the end of the first and second rounds, Sirigu Integrated SHS led the pack with a significant margin of over ten points. Despite Sandema SHS’s attempts to bridge the gap in the third and final round by solving two of the riddles, Sirigu maintained a comfortable lead.

    Their unwavering focus and strategic gameplay ensured their victory, ending the contest with 33 points while Sandema SHS trailed with 21 points. Bawku SHTS and Kanjarga SHS, who struggled throughout the contest, both finished with 10 points.

    In another exciting matchup, Sandema SHS’s neighbors, Azantilow SHS (formerly Sandema SHTS), faced Zebilla SHTS in a heated battle. Zebilla SHTS, driven by their school motto “A wise man can never get lost,” edged past their rivals in the final riddle to secure their spot at the nationals.

    Despite only having three days of preparation, the five-man squad delivered an impressive performance. One of the contestants shared, “I went home and when I came back to school, my headmaster said me and my other colleagues will be representing the school. Our teacher took us through a few lessons and we’ve been able to qualify our school to nationals.”

    Notre Dame Seminary/SHS secured the last slot for the region, dominating their opponents, Zamse SHTS and Wiaga SHS, with a commanding 55 points.

    The boys of Notre Dame, supported by the prayers of their patron, Mary, are hopeful for a grand victory at the national tournament, aiming to secure a seed after years of near-misses.

    The successful qualification of Sirigu Integrated SHS, Zebilla SHTS, and Notre Dame Seminary/SHS highlights the growing academic prowess in the Upper East region.

    As these schools prepare for the national competition, their recent performances have ignited hope and excitement among their students and supporters.

    Sirigu Integrated SHS, in particular, looks forward to making a memorable debut and demonstrating their academic excellence on the national stage.

  • Mfantsiman Girls’ SHS qualifies to 2024 NSMQ nationals after 6-year hiatus

    Mfantsiman Girls’ SHS qualifies to 2024 NSMQ nationals after 6-year hiatus

    Mfantsiman Girls’ Senior High School has triumphantly returned to the national stage of the National Science and Math Quiz (NSMQ) after a six-year hiatus.

    Their last appearance in the national competition was in 2017. However, on Saturday, the determined ladies from Saltpond made a powerful statement by dominating the Central Regional Qualifiers held at the Center for National Culture auditorium.

    The contest was intense from the start, with Mfantsiman Girls taking a narrow lead in the first round, scoring 16 points against Abakrampa Senior High School’s 15 points.

    The competition heated up in the second round, where Mfantsiman extended their lead to 29 points. They maintained their momentum and secured a comfortable victory with a total of 47 points.

    Abakrampa SHS finished second with 25 points, followed by T.I. Amass, Ekumfi with 12 points. Twifo Hemang Senior High Technical School came in fourth with just 2 points.

    Mfantsiman Girls are not only aiming to make a strong comeback but also to reclaim their former glory at the national level of the NSMQ. They were finalists in 2013, finishing third behind Presbyterian Boys’ Secondary School (PRESEC, Legon) and St. Thomas Aquinas Secondary School, who won the competition that year.

    Before heading to the national competition, Mfantsiman Girls will compete in the GOIL PLC Regional Championship, where they aim to be crowned champions of the Central Region.

    Their victory in the regional qualifiers is a promising start, and the team is hopeful that this momentum will carry them through the upcoming challenges, as they strive to restore their reputation as one of the top contenders in the National Science and Math Quiz.

    With the support of their school and community, Mfantsiman Girls are poised to make a significant impact at the national stage, showcasing their academic excellence and competitive spirit.

  • FLASHBACK: Farmers accuse Bryan Acheampong of destroying their farms to expand his hotel

    FLASHBACK: Farmers accuse Bryan Acheampong of destroying their farms to expand his hotel

    In September 2023, the Minister for Food and Agriculture, Bryan Acheampong was accused by some farmers in Obo-Kwahu of abusing his power by forcefully encroaching on their farm lands.

    In a viral video shared on social media, the farmers numbering three called on the president and government to call the minister to order over his conduct which they stated is disgraceful to the government.

    “This is the place that this old woman who is the mother of Obo Ankobiahene farms, an old woman who has toiled to plant cassava, pepper, garden eggs and other plants.

    “The minister of agric appointed by the president who also doubles as the owner of Rock City is now causing destruction to people’s farms. Come and see, he has destroyed cassava, cocoa and palm trees on the farm,” the woman flanked by an old woman and old man lamented.

    She further stated that the destruction caused by the minister who is taking over their farmlands is posing a direct threat to her livelihood as a widow with six children who depends on the farm to fend for her family.

    “As I stand here, I am a widow with six children and without a husband, I feed from this farm. I harvest cassava from this farm for the children to sell before we are able to afford fish to cook fufu. He has ploughed over all the plants. I stand here on an empty stomach and very hungry…

    “Mr President, he is disgracing you. He claims his government is in power and thus has no regard for any human being.

    “Come and see what he is doing on the land belonging to Obo Ankobiahene. Nana Addo rise up, Bawumia rise up, members of the opposition and ministers should rise up against his actions,” she stated.

    As seen in the video, which has resurfaced, an entire stretch of land was bulldozed.

    In the same month, Bryan Acheampong denied allegations that he destroyed the farms of some poor farmers in Kwahu, in the Eastern Region.

    In a press statement released on Saturday, September 23, 2023, Acheampong said the allegations were “malicious, wicked, and staged to tarnish my image.”

    “My attention has been drawn to a video making the rounds on social media and on some news portals alleging that I have destroyed the farms of some poor farmers, ostensibly to appropriate their land.

    “The said video is malicious, wicked, and staged to tarnish my image as a Member of Parliament, Minister of State, and well-known entrepreneur with an interest in the hospitality industry,” he said.

    He explained that his office lobbied for the construction of two bypass roads in Nkwatia Kwahu, one to Asakraka (5 km) and another to Bepong (3.4 km). These roads are designed to alleviate traffic congestion and offer an alternative route for travellers.

    However, the construction of these roads inevitably affected some farmers, Acheampong said. He assured that all affected farmers will be duly compensated, following established protocols for road projects of this nature.

    Acheampong stated that the project cannot and should not be construed as a road project to benefit his personal or business interests, urging the public to disregard the allegations raised against him in the video.

    He assured that the bypass road project when completed will benefit the entire community.

    Presently, TIGPost can not confirm whether the victims have been compensated.

    In recent times, the Minister has come under fire over the plan to sell a 60% stake in four hotels owned by the Social Security and National Insurance Trust (SSNIT) to Rock City Hotel, a venture owned by Bryan Acheampong.

    Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, is spearheading the #Don’tselloffourhotels campaign to prevent Bryan Acheampong from getting hold on state assets.

    Mr Ablakwa the sale reflects a conflict of interest as Mr Acheampong is a Cabinet Minister who sits with government in taking decisions on the running of the country and state assets.

    Mr Acheampong has however denied all these and believes there is nothing shady in the sale of the SSNIT hotels to him.

  • Police probe destruction of a structure at Pusiga involving youth

    Police probe destruction of a structure at Pusiga involving youth

    The Ghana Police Service is currently investigating the destruction of a structure in Pusiga, located in the Upper East Region, which occurred on Saturday, June 22, 2024.

    Contrary to initial reports suggesting that the destruction resulted from political rivalry, the police clarified that it was due to a misunderstanding between the youth and certain community leaders.

    “Police investigation, including engagement with some authorities in the community, suggests that the destruction of the structure is not due to political rivalry as claimed in the viral video but rather, it was as a result of a misunderstanding between the youth and some elders of the community.”

    The police cautioned the public against disinformation, reassuring that they are working with stakeholders in the community to resolve the matter.

    “The Police would therefore like to caution the public against disinformation which has the tendency to cause fear and panic.”

    In a statement, the police added that they are collaborating with all stakeholders in the community to resolve the issue. Efforts are also underway to apprehend the perpetrators behind the destruction and disinformation to face justice.

  • Portugal book their place in the last 16 as group winners at Euro 2024

    Portugal book their place in the last 16 as group winners at Euro 2024

    Portugal secured their place in the last 16 of Euro 2024 as group winners with a comfortable victory over Turkey in Dortmund.

    Manchester City’s Bernardo Silva opened the scoring midway through the first half, striking past goalkeeper Altay Bayindir after Nuno Mendes’ cross was deflected into his path.

    A calamitous own goal from Turkey’s Samet Akaydin doubled Portugal’s lead, as the defender passed back to Bayindir without looking, resulting in the ball rolling into the net.

    Portugal extended their lead when Cristiano Ronaldo set up Bruno Fernandes for a simple tap-in.

    The win means Portugal will face Group F opponents Georgia next, with their place in the knockout stages already secured. Turkey, on the other hand, can still qualify when they face the Czech Republic.

    Portugal’s performance was praised by manager Roberto Martinez, who highlighted the team’s preparation and level of play.

    “We played at the same level as we did against the Czechs. We scored first and that changed what Turkey could do. We can face the third game with many players deserving to be in the starting XI,” Martinez said.

    Martinez also commended Ronaldo for his unselfish play, noting that the forward’s assist to Fernandes exemplified the team’s ethos.

    “I saw today something that is spectacular, to have Ronaldo, who is an out-and-out goalscorer, looking for the assist. It is an example that should be shown in every academy in Portugal,” Martinez added.

    Despite the loss, Turkey’s Vincenzo Montella remained optimistic about his team’s chances, highlighting their performance against one of Europe’s best teams.

    “I think we played equal with one of the best teams in Europe. They were much more clinical and that made the difference,” Montella said.

    The match was marred by pitch invasions, with several individuals attempting to take pictures with Ronaldo, leading to frustration from the Portugal captain.

    Portugal’s convincing win reaffirms their status as contenders in the tournament, with fans hopeful of a successful campaign in Germany.

  • I spend GHC20 on food in Kumasi a day but Accra’s Indomie alone costs GHC30 – Student bemoans

    I spend GHC20 on food in Kumasi a day but Accra’s Indomie alone costs GHC30 – Student bemoans

    A Ghanaian student has expressed frustration over the high cost of living in Accra compared to Kumasi, highlighting the significant difference in food expenses between the two cities.

    Having lived in Accra for the majority of his life and recently spending two years in Kumasi, the student shared his observations on the affordability of food in the two cities.

    “In Kumasi, you can spend GHC10 in the morning on food, and this can sustain you till evening. In the evening, you also spend GHC10. This, in total, is GHC20,” he explained. However, in Accra, even GHC50 is insufficient to provide food for the whole day.

    The student particularly lamented the high cost of noodles, specifically mentioning Indomie, a popular instant noodle brand.

    He noted that in Accra, the product is sold at GHC30 and above, reflecting the overall higher cost of living in the capital city. What he spends in Accra is more than enough to take care of his feeding for more than a day.

    The disparity in food prices between Accra and Kumasi highlights the economic challenges faced by residents, especially students and individuals on limited budgets.

    The student’s experience underscores the need for measures to address the affordability of essential goods and services in Accra to ensure a better quality of life for all residents.