Author: Chris Kodo

  • Ghana’s cocoa production for 2022 falls by 34.7%

    Cocoa production for Ghana in the 2021/2022 did not yield the expected results, as production fell by 34.7 percent.

    According to the Ministry of Finance in the 2023 budget statement presented to Parliament, cocoa production fell from 920,761.22 tonnes to 683,564.38.

    The decline in cocoa production this season has been attributed to the harsh weather conditions experienced between November 2021 and January 2022.

    Also, the Cocoa Swollen Shoot Virus Disease (CSSVD) that hit the Western North and South regions, as well as illegal mining, timber logging in some parts of the country led to the loss of cocoa trees.

    The Finance Ministry, however, failed to reveal how the decline in production has affected the revenue generated to the country.

    However, it is reported that since the 2017/2018 season cocoa producer countries have not been raking in much revenue due to the low international price of cocoa.

    The Ministry noted that “this has not improved much.”

    Meanwhile, government has put in some measures to ensure it sees a rise in cocoa production in the next season.

    With a favorable weather outlook expected, government has pledged to effectively implement Productivity Enhancement Programmes (PEPs), as well as look at the application of fertilizers and flower inducers.

    The rehabilitation components of the PEPs,is expected to curb the spread of the Cocoa Swollen Shoot Virus Disease (CSSVD). 

    The government will also replace old and unproductive cocoa trees with cocoa varieties produced by the Cocoa Research Institute of Ghana (CRIG) that are “improved, high yielding, disease-tolerant.”

    “This is expected to increase yield per hectare from the current average of 450kg/ha to the target average of 1,200kg/ha and improve the livelihoods of cocoa farmers,” the Ministry noted.

    Effective crop protection methods would also be looked at. The nitty gritty of the crop protection methods were not provided.

    In view of these measures, the Finance Ministry is expecting an increase in cocoa production to 850,000 tonnes for 2022/2023, representing a 24.34 percent growth.

    Although cocoa revenue has not seen the needed growth in four years, government increased the producer price of cocoa by 28% from GH¢8,250.00 per tonne to GH¢10,560.00 per tonne in the 2019/2020 season.

    “This was part of government’s effort to protect our cocoa farmers from market price volatility and income uncertainties,” the Ministry revealed.

    The producer price of the 2019/2020 season has however been maintained up till date despite the continued low price of cocoa on the international market.

     

    Source: The Independent Ghana

  • Pensions Chamber kicks against proposed debt restructuring programme

    The Chamber of Corporate Trustees has joined calls against the government’s proposed debt exchange programme.

    Registering their displeasure in a statement, the chamber said the proposal falls short of market expectations, will obliterate Ghanaians’ savings, and further erode the market trust.

    “We have carefully analysed the announcement by the Minister of Finance on the Debt Exchange Programme and are of the opinion that it is injurious to the interest of contributors to pension schemes.

    “The proposal as put forth by the Minister of Finance is inferior to market expectation and will destroy the savings of Ghanaians and further undermine market confidence. This is why we reject it outright”, the chamber explained.

    Finance Minister, Ken Ofori-Atta, on Sunday, December 4, 2022, announced Ghana’s Domestic Debt Exchange Programme which he said was aimed at restoring the nation’s capacity to service its debt.

    The programme was subsequently launched on Monday, December 5, 2022. 

    Although the Minister explained that the government is confident that “these measures will contribute to restoring macroeconomic stability,” the decision has been highly contested.

    Scores of Ghanaians have reacted to the proposal.  

    Reacting to the comments, a Banking Consultant, Dr. Richmond Atuahene, noted that the programme could plunge the country into difficult times.

    He propounded that rather than only implementing the debt exchange programme, the government could have also employed the debt rescheduling programme and debt re-profiling programme to ensure our debts reach sustainable levels.

    Also, the Ghana Registered Nurses and Midwives Association (GRNMA) has also registered its displeasure. 

    In a statement the group said “it is unacceptable that a government that budgets 18 per cent inflation in 2023 will consider zero interest rate for pension funds of poor, hardworking, law-abiding citizens within the same period.” 

    Subsequently, the pensions chamber has urged calm amongst Ghanains as it has assured contributors to pension schemes that the industry has not agreed to the debt exchange programme proposed by the Ministry of Finance.

    “As Trustees, we hold a fiduciary responsibility and are enjoined to seek the best interest of contributors at all times”, it stressed.

    It acknowledged that inflation has caused significant harm to pension fund assets this year and that there is an urgent need to reduce the government debt burden and restore macroeconomic stability that should, however, this should not be done at the expense of contributors to pension schemes.

    “We share in the Government’s call for burden sharing, but that should be done in the spirit of fairness to ensure a win-win outcome to all stakeholders”, the chamber added.

    It also said it is engaging the government to seek the best outcome after negotiations with the Ministry of Finance. 

    “We will duly inform members of the outcome of our deliberations”, it concluded.

    Source: The Independent Ghana

  • World Cup 2022: Croatia ready to face Brazil – Zlatko Dalic

    Croatian football Manager Zlatko Dalic is optimistic that Croatia is prepared to take on “terrifying favorites” Brazil in their World Cup quarterfinal on Friday.

    During the 2018 World Cup, Dalic’s team advanced three times without extra time before falling to France 4-2 in the championship match.

    Croatia beat Japan in the last 16 on Monday on penalties following a 1-1 draw after extra time.

    “Brazil is the favourite, let’s face it,” Dalic said.

    “Brazil is the most powerful and the best national team at the World Cup. What I’ve seen so far, when you take a look at their selection of players, their quality, skills and value, then it is indeed terrifying.

     

    “I think we have a great exam ahead of us, a tough task against the team which plays great soccer with so many good quality and fast players.”

    Dalic added that Croatia, ranked 12th in the world, winning the knock-out match would not be a huge upset.

    “I think we have nothing to fear,” Dalic said. “We need to enter the match with much faith, self-confidence and looking for our chances, enjoy the occasion of playing Brazil, that’s it. [It’s] too early, if only it were the final.

    “It is a great team, but I believe that we can challenge them, we need to be smart … The match is not 50-50, but we are also not outsiders.”

    Croatia would face Argentina or the Netherlands in the semi-finals if they beat Brazil.

  • Parliament approves 2023 budget and economic policy

    The Ghanaian budget and economic statement for the fiscal year 2023 was passed by parliament on Tuesday, December 6, 2022.

    The budget was adopted by the House following the completion of the Parliamentary debate on it, according to 3news.com.

    Haruna Iddrisu, the leader of the House’s minority caucus, who wrapped up the discussion on behalf of the minority, encouraged the government to significantly reduce spending in order to address the economy’s problems.

    “This group is saying that significant spending reductions are required; otherwise, some of your tax revenues may suffer at our hands.
    For instance, we shouldn’t give him the GH1.4 billion allocation for the contingency vote, he added.

  • Reduce government size to support debt-reduction efforts – ISSER

    In light of Ghana’s economic difficulties, the Institute of Statistical, Social, and Economic Research (ISSER) at the University of Ghana has urged for a reduction in the size of government.

    The Director of ISSER, Professor Peter Quartey, said on Tuesday during a forum at the institute on the 2023 budget review that fiscal consolidation—raising revenue and lowering spending, including shrinking the size of government—was necessary to build a resilient economy and restore macroeconomic stability.

    To accomplish the intended result, he contends that a reduction in the size of government should be combined with an increase in the VAT and cost-cutting measures in the public sector.

    On the debt programme, Prof. Quartey said that a national consensus among key stakeholders, such as Parliament, investors, civil society organisations (CSOs), and the citizenry, would help accelerate the country’s recovery efforts and avoid the mistakes that led the economy into its current challenges.

    “The government should deepen consultations, while the opposition engage meaningfully to avoid the mistakes of the past,” Prof. Quartey said.

    Government has launched the Debt Exchange Program announced in the 2023 budget.

    This comes on the heels of the conclusion of the broad contours of the debt sustainability analysis as part of the debt restructuring deal with the International Monetary Fund(IMF).

    The debt operation is part of a comprehensive set of measures for reducing the present value of public debt to Gross Domestic Product (GDP) ratio to, at least, 55 percent in the medium term by offering an effective cap on interest payments on public debt.

    Finance Minister Ken Ofori-Atta on Monday announced domestic bondholders, with the exception of Treasury bill holders, will be affected by the debt exchange program.

    Per the arrangement, bondholders will get 0% interest in 2023, 5% in 2024 and 10% onwards. The bonds will also be redeemed in 3 installments within 10 years.

  • Cedi on the rise as 1$ now sells at ¢13.70

    Barely 24 hours after government launched its Debt Exchange Programme, the Ghana cedi has witnessed a significant appreciation in value against the dollar.

    Currently, the local currency is being sold by forex bureaus at an average of ¢13.70 to the US dollars.

    The Ghana cedi has also improved in value against other significant international currencies like the pound and the euro.

    The Euro and the Pounds is trading at  ¢14 and ¢16.70 respectively.

    The Ghana cedi for the past weeks, had been comparatively steady against the dollar.

    On the retail market, it increased by 3.12% against the dollar, 0.88% against the pound, and 3.79% against the euro.

    The Ghana cedi has suffered series of depreciation since the beginning of the year.

    This was due to the increase demand for the dollar, as there is very little dollars in circulation.

    At the beginning of  October 2022, the currency was trading at ¢11.2. 

    During the same period of review, the persisting pressure on the local currency  …..at ¢12.45 

    As of Friday, October 14, 2022, the Ghana cedi lost 9.03% in value to the US dollar.

    Ghana’s currency further depreciated by 3.3% on Monday, October 17.

    As a result, the Ghana cedi was ranked as the worst-performing currency in the world by Bloomberg.

    The local currency is also depreciating faster than the pound and euro.

    A Pound and Euro are also trading at  ¢14.05 and ¢12.10 respectively. 

     To combat the decrease in the value of the local currency, the central bank is going after entities transacting in dollars or any other foreign currency without permission. 

    Also, the Vice President announced plans to trade it  gold resources for refined oil to tackle dwindling foreign currency.

    If implemented as planned for the first quarter of 2023, the new policy “will fundamentally change our balance of payments and significantly reduce the persistent depreciation of our currency,” Bawumia said.

    Source: The Independent Ghana

  • Eden Hazard officially announces retirement from international football

    Following his nation’s unsuccessful 2022 World Cup campaign, which saw them leave at the group stage, Belgium’s captain, Eden Hazard, has announced his retirement from international competition.

    After 14 years, the Real Madrid forward, 31, announced his departure from Manchester United on Instagram.

    “A page turns today… Thank you for your love. Thank you for your unparalleled support. Thank you for all this happiness shared since 2008,” the statement said.

    “I have decided to put an end to my international career. The succession is ready. I will miss you.”

    Hazard, who made his Belgium debut in November 2008 against Luxembourg, has 126 caps for the Red Devils, scoring 33 goals.

    The former Chelsea star captained Belgium’s golden generation at the 2018 World Cup when they finished third.
  • All you need to know about govt’s domestic debt exchange

    The government of Ghana has announced that it has concluded its Debt Sustainability Analysis  and would be undertaking a debt restructuring programme as part of conditions to receive economic support from the International Monetary Fund (IMF).

    Debt restructuring involves an institution or government refinancing its existing debt obligations in order not to default its debt or go bankrupt.

    A debt restructure has become crucial since the country’s total gross public debt amounted to GH¢467,371.32 million (US$48,871.34 million) as of September 2022, equivalent to 75.9 percent of Gross Domestic Product (GDP.) 

    The domestic debt component was GH¢195,657.61 million, which is 31.77 percent of GDP, while external debt was GH¢271,713.71 million, representing 44.13 percent of GDP.

    Government has decided to restructure its debt through a domestic debt exchange, where domestic bonds (financial assets investors lend to government for a period of time in exchange for regular interest payment) will be exchanged.

    The domestic debt exchange would address the debt component accrued locally.

    Finance Minister, Ken Ofori-Atta, on December 4, announced that existing domestic bonds will be replaced with a set of four new bonds under the government’s domestic debt exchange.

    The current bonds held will attract no interest or coupon payment until at least five years from now when they mature. The new set of four bonds mature in 2027, 2029, 2032 and 2037.

    Bonds in 2024 will attract an annual coupon of 5%, and that of 2025 will provide 10% interest until maturity. However, coupon payments will be semi-annual.

    Individual Investors, who are legal holders of record of Eligible Bonds are not qualified to participate in the Invitation to Exchange.

    For current bondholders, the no interest payment is a haircut, where there is a reduction or slash applied to the interest on the value of an asset. They now have to forfeit the interest they were to enjoy. To prevent a haircut, an investor must trade his or her current bond.

    In his recent address to the nation on October 30, the President assured investors that they would see no haircuts.

    “I also want to assure all Ghanaians that no individual or institutional investor, including pension funds, in Government treasury bills or instruments will lose their money, as a result of our ongoing IMF negotiations. There will be no “haircuts”, so I urge all of you to ignore the false rumours, just as, in the banking sector clean-up, Government ensured that the 4.6 million depositors affected by the exercise did not lose their deposits,” he said.

    But barely 24 hours after the President addressed the nation, Information Minister Kojo Oppong-Nkrumah, stated that per his interpretation, the President was referring to just the principal, that is the actual value of money invested.

    “My understanding is that no principals will be touched. No principals will have a haircut,” he stated.

    Confirming the Information Minister’s interpretation, the Finance Minister has noted that there will be no haircut on the principal of bonds, meaning the original value of the asset will remain unchanged.

    Haircuts by governments are not new. On 23 December 2001, Argentina defaulted on its debt.

    In September 2003, the Argentine government made an offer to investors to exchange defaulted bonds for new ones. 

    The proposal known as the ‘Dubai guidelines’, implied an average reduction of the face value of the debt of approximately 75%.

    Currently, Zambia is looking at restructuring its debt and there will be a mixture of haircuts to loans’ original value and maturity extensions.

    In Zambia’s case, some creditors may choose to have their money faster or not have a haircut but get the money to be paid over a longer period of time.

     

    Source: The Independent Ghana|

  • Moody’s downgrades GCB Bank to Caa3 from Caa2

    Moody’s Investors Service (Moody’s) has downgraded GCB Bank PLC’s (GCB Bank) global long-term local currency and foreign currency deposit ratings to Caa3 from Caa2.

    The Bank’s long-term Counterparty Risk Ratings (CRRs) and  long-term Counterparty Risk Assessment (CR Assessment) have been downgraded from Caa2 to Caa3 and to Caa3(cr) from Caa2(cr) respectively.

    The deteriorating macroeconomic environment and the increasingly uncertain operating environment for banks in Ghana is the cause of the recent downgrade.

    GCB Bank is said to have sizable holdings of sovereign debt securities, at around 3.6 times its shareholders’ equity and 53% of total assets as of year-end 2021.

    A restructuring of sovereign debt securities would weaken the banking system’s liquidity, especially if maturities are extended, because it would mean that banks will need to hold on to their government exposure for an extended period, limiting their ability to lend to the real economy.

    According to the rating institution, GCB Bank’s credit profile will likely remain weak until the sovereign debt has been restructured.

    The rating action follows Moody’s action on 29 November 2022 to downgrade Ghana’s long-term issuer ratings to Ca from Caa2, with a stable outlook. 

    The downgrade on the sovereign ratings reflects Moody’s expectation that private creditors will likely incur substantial losses in the restructuring of both local and foreign currency debts planned by the government. 

    Source: The Independent Ghana

  • Debt Exchange Programme: AG urges gov’t to reach agreement with bondholders

    The much-anticipated Debt Exchange Programme introduced by the government to alleviate Ghana’s debt burden has been critically examined by Attorney General Godfred Dame.

    According to the state Attorney, the Debt Exchange Programme could run into some legal tussles if broader consultation and consensus are not reached with the key stakeholders. 

    Under the new programme which took effect on Tuesday, December 1, 2022, domestic bondholders are required to exchange their current bonds for a new set of four bonds maturing in 2027, 2029, 2032 and 2037.

    In simple terms, a bond is a loan from an investor to a borrower (government) in which the borrower (government) uses the money to fund its operations, and the investor receives interest on the investment.

    This means that bondholders will not be able to receive any interest in 2023.

    According to the Finance Minister, the annual coupon on all of these new bonds will be set at 0% in 2023, 5% in 2024 and 10% from 2025 until maturity. 

    But Mr Dame is urging the ministry to properly engage all stakeholders to avert any possible legal issues. 

    He said “in order to vary the terms of the contract, all parties involved in the contracts need to agree prior to the changes taking effect, preferably in writing. Unilateral variation is only valid under specific circumstances if this has been agreed in advance.”

    “In the absence of an agreement with parties, it would be unlawful for the government to unilaterally introduce (collective Agreement Clauses) CACs into bond agreements and may constitute an event of default under clause 12 of terms and conditions of the bond issued under the programme,” Mr. Dame added. 

    Adding his voice, the Member of Parliament for Bolgatanga Central, Isaac Adongo, asked affected bondholders to seek redress in court.

    Taking to his social media handle, the legislator said “Ken Ofori-Atta ignored the express legal opinion of the AG to illegally and unilaterally shred binding terms of the bond agreements in the debt exchange program. Affected bondholders must proceed to court.”

    Meanwhile, the debt exchange program announced by the finance minister has been rejected by the Chamber of Corporate Trustees .

    In a statement on Tuesday, the Pensions Chamber said the structure will do more harm than good to investors under the scheme.

    “We have carefully analyzed the announcement by the Minister of Finance on the Debt Exchange Program and are of the opinion that it is injurious to the interest of contributors to pension schemes,” portions of the statement read.

    Source: The Independent Ghana

  • Debt Restructuring: IMF tutoring government on reckless borrowing – Gatsi

    The debt restructuring conditionality imposed on Ghana, according to Cape Coast University Business School Dean Professor John Gatsi, is a lesson from the IMF (IMF).

    As part of negotiations with the International Monetary Fund (IMF), the government has disclosed the specifics of a domestic debt exchange that will take place after the Debt Sustainability Analysis is finished .

    Domestic bondholders are expected to exchange their current instruments for new ones in accordance with the scheme, Finance Minister Ken Ofori-Atta stated in a televised statement on Sunday.

    According to him, existing domestic bonds as of 1st December 2022, will be exchanged for a set of four new bonds maturing in 2027, 2029, 2032, 2037.

    Commenting on the development on Starr Today with Joshua Kojo Mensah, Mr. Gatsi indicated that the gloomy picture the conditions are showing is not the fault of the IMF.

    According to him, Ghana must fulfill the conditionality before deeper discussions will take place for the bailout.

    “So I believe that the government is on the move to ensure that they comply with the pre-condition given by the IMF. We have not displayed the amount of money we borrowed. The IMF was aware of our engagement with the HIPC initiative and most African countries have not shown from the benefit they got from the HIPC initiative. There are no cogent reasons for external debt holders to be providing debt forgiveness etc.

    “So I believe from that perspective they are trying to teach us a great lesson and by now all of us will be angry. When the government has overborrowed and not using the funds very well, we will all be alive to answer,” the Dean of the Cape Coast University Business School stated.

    However, an economist, Mensah Tukornu has said the government has lied to Ghanaians about the E.S.L.A and Daakye bonds it acquired.

    “We don’t have an honest government. This is very sad. People are going to die as a result of this announcement. I am telling you the facts. Because this is the same way this same government spent about 25 billion Ghana cedis to wipe away or to rationalize between seven to nine billion they have alleged to have caused by banks,” Mr. Tukornu stated.

  • FedEx driver confesses to killing 7-year-old Texas girl

    A FedEx driver who confessed to kidnapping and killing a seven-year-old Texas girl who had disappeared earlier this week has been arrested.

    NBC News reports Tanner Lynn Horner, 31, was arrested Friday on charges of capital murder and aggravated kidnapping. The victim, Athena Strand, disappeared on Wednesday evening from her father’s home in Paradise, Texas.

    Horner is currently being held at Wise County Jail on a $1.5 million bond.

    According to Wise County Sheriff Lane Akin, Horner was delivering a package at Strand’s father’s home at the time she disappeared.

    Though a cause of death has not yet been revealed, police believe she “died by his hand,” with Strand’s death coming within an hour of her abduction.

    “We knew early on in the investigation that there had been a FedEx driver, made a delivery in front of the house, about the same time that little Athena, 7-year-old Athena, came up missing,” Akin told reporters in a news conference Friday. “The driver abducted Athena, and from the investigative standpoint, digitally as well as interviews, we think Athena died within just the very hour or so after her departure from her home.”

    FedEx addressed the news in a statement on Twitter Saturday morning.

    A FedEx driver has been arrested after confessing to the kidnapping and killing of a seven-year-old Texas girl who had disappeared earlier this week.

    NBC News reports Tanner Lynn Horner, 31, was arrested Friday on charges of capital murder and aggravated kidnapping. The victim, Athena Strand, disappeared on Wednesday evening from her father’s home in Paradise, Texas.

    Horner is currently being held at Wise County Jail on a $1.5 million bond.

    According to Wise County Sheriff Lane Akin, Horner was delivering a package at Strand’s father’s home at the time she disappeared.

    Though a cause of death has not yet been revealed, police believe she “died by his hand,” with Strand’s death coming within an hour of her abduction.

    “We knew early on in the investigation that there had been a FedEx driver, made a delivery in front of the house, about the same time that little Athena, 7-year-old Athena, came up missing,” Akin told reporters in a news conference Friday. “The driver abducted Athena, and from the investigative standpoint, digitally as well as interviews, we think Athena died within just the very hour or so after her departure from her home.”

    FedEx addressed the news in a statement on Twitter Saturday morning.

    Source: Complex.com

  • World Cup 2022: King of Morocco commends team for reaching quarter-finals for first time in history

    The King of Morocco Mohammed VI praised the senior national team for achieving World Cup history by defeating Spain on penalties to advance to the quarterfinals for the first time.

    After 120 minutes, there was no way to separate the two teams, and Spain’s three penalties—two of which goalie Bounou expertly saved—went unconverted.

    That left Hakimi to win it for the North Africans with his nerveless spot-kick and spark jubilant scenes in the stands at the Education City Stadium.

    The King hailed the historic performance of the members of the national team who have lived up to the expectations and aspirations of the large and valiant Moroccan public that supports them in Morocco, Qatar and around the world, calling on them to stay the course in this competition, to continue to honor the national soccer and to carry high the flag of the Kingdom.

    V

    Several Heads of State have congratulated King Mohammed VI for this great performance.

    The King thus received phone calls from the President of Palestine, Mahmoud Abbas, and the President of Gabon, Ali Bongo Ondimba. The Sovereign also received a phone call from Prince Hassan Ibn Talal of Jordan.

    They all expressed in these calls their warm congratulations to the King following this historic achievement.

    Morocco are the last African side following the exit of African champions Senegal, Ghana, Tunisia and Cameroon.

    Coach Walid Regragui’s side are also only remaining Arab team left in the tournament and will face Portugal in the quarterfinals in Qatar.

  • Today in History: Debt restructuring: 94% of Tier 2 pension contributions may suffer losses

    According to reports, the government may lose GH3.7 billion of the GH3.9 billion in Tier 2 pension contributions if it chooses to restructure its debt.

    Restructuring of the debt will result in lower yields on Tier 2 pension payments, which will affect the maturities of the securities.

    Due to their minimal risk, government bonds have received the majority of the Tier 2 contributions.

    Reports have stated that GH¢3.7 billion of the GH¢3.9 billion Tier 2 pension contributions, representing about 94% held in government securities have the probability of being affected by a debt restructuring programme.

    Conversations on a possible debt restructuring programme have begun popping up as Ghana strives to ensure its debt is sustainable.

    This is because the country is seeking a financial bailout from the International Monetary Fund.

    However, a debt restructuring will affect the returns on investments when the yield-to-maturity period is extended or a ‘haircut’ policy is implemented.

    Debt restructuring simply means when a country or company reviews the terms and conditions of the payment of loans in order payment easier or more flexible.

    A ‘haircut’ policy in debt restructuring, on the other hand, refers to when interest rates on outstanding debts are reduced.

    From this narrative, in the case of Ghana, when debt restructuring happens, returns on Tier 2 pension contributions will reduce thereby affecting the maturities of the securities.

    The Tier 2 contributions have been largely invested in government bonds due to their low-risk factor.

    Meanwhile, a five-member committee has been constituted by the government to lead discussions with financial sector players on Ghana’s debt management.

    The Finance Ministry noted that: “The Committee will be consultative and will among other things lead discussions with the financial services industry and other stakeholders to provide industry-wide inputs and transmit industry concerns on debt management strategy to the MoF and BoG.”

    “The stability of the domestic financial ecosystem is critical to a successful IMF-supported economic programme. The Government will take all necessary steps to protect the sector as we have done in the past,” the statement said on October 11, 2022.

  • North Carolina power outages triggers investigations after local authorities say it was ‘targeted’ attack

    Numerous authorities are looking into the incident after a “targeted” strike left thousands of people in North Carolina without power.

    In an initial statement shared to social media, the Moore County Sheriff’s Office noted that the mass power outage in the region was being investigated as a “criminal occurrence,” adding that early evidence showed that “intentional vandalism” was to blame. In a follow-up statement, a curfew was announced.

    Per a report from regional outlet WBTV, around 36,000 residents were ultimately determined to be without power, with a Duke Energy rep warning that ensuing repair operations could take several days to be completed.

    At a press conference on Sunday, Moore County Sheriff Ronnie Fields revealed that the FBI was now involved in the investigation into the attack. At the presser, Fields was asked about speculation that the attack had been carried out to prevent a local drag show from proceeding. Per Fields, police have “not been able to tie anything back to” that as a motive.

    “We faced something last night here in Moore County that we’ve never faced before but I promise you we will get through this and we will get through it together,” Fields said Sunday.

    According to Fields, two substations were damaged by gunfire, with evidence at the scene indicating that a firearm had been used to “disable” power equipment. As for whether this is being treated as a domestic terrorism case, Fields said that distinction will be up to federal authorities.

    “Domestic terrorism? I can’t answer that,” he said. “Again, we’re looking at all avenues. … I can say this, this individual that don this, it was targeted. It wasn’t random.”

    Complex has reached out to the North Carolina State Bureau of Investigation, the FBI’s Charlotte division, and the Moore County Sheriff’s Office for comment. This story may be updated.

    On Sunday, North Carolina Governor Roy Cooper called the attack a “serious, intentional crime” for which those responsible will be brought “to justice.”

    Source: Complex.com
  • Florida police chief steps down after flashing badge to get out of traffic stop

    A police chief in Florida has now resigned after being seen in body camera footage flashing her badge to get out of a traffic stop.

    The footage in question, per a report from the Associated Press over the weekend, was made public by the Tampa Police Department and shows Chief Mary O’Connor and her husband being stopped in a golf cart by a Pinellas County deputy. At the time, O’Connor’s husband was driving the cart, which did not have a tag.

    “I’m the police chief in Tampa,. … I’m hoping that you’ll just let us go tonight,” O’Connor is seen telling the deputy. Later in the clip, O’Connor adds to the deputy, “If you ever need anything, call me. Seriously.”

    The incident occurred on Nov. 12, with O’Connor addressing the ensuing criticism in a statement shared at the top of this month.

    “In hindsight, I realize how my handling of this matter could be viewed as inappropriate, but that was certainly not my intent,” O’Connor claimed at the time. She was later placed on administrative leave, with the Tampa Police Department saying on Friday that its Professional Standards Bureau was in the process of reviewing the incident.

    By Monday, O’Connor had been confirmed to have resigned from her position. Per a press release, Tampa Mayor Jane Castor had “requested and received” O’Connor’s resignation in response to an Internal Affairs investigation.

     

    “It is with great sadness that I submit my resignation from the position of Chief of Police effective immediately,” O’Connor said in her resignation letter.

    In a separate statement, Mayor Castor said O’Connor’s behavior was “especially disappointing” due to her not having “lead by example” as expected.

    “It is unacceptable for any public employee, and especially the city’s top law enforcement leader, to ask for special treatment because of their position,” Castor said Monday. “Public trust in Tampa’s police department is paramount to our success as a city and community.”

    Source: Complex.com

  • Investors will resist any ‘haircut’ on principals – Alex Mould

    An ex-GNPC executive examined what it might mean for investors if the government elected to restructure its obligations.

    According to him, investors will receive a certain amount of pesewas or cents for every cedi (for investors in the GoG Treasury) or dollar (for investors in Eurobonds) of invested principal.

    They will only get a small portion of their assets, he claimed, in other words.

    Any attempt by the government to reduce investors’ investment principal will prevent the government from accessing the capital markets for many years to come, according to Mr. Mould.

    A former Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), Mr. Alex Mould, has said any attempt by the government to give investors a “haircut on their investments” will be resisted.

    Mr. Mould said slashing the principal of investors would lead to lawsuits that can drag the country’s current credit crunch.

    In a write-up titled, ‘Investors get jittery over investments in government treasuries and GoG Eurobonds – Part 1’, Mr. Mould said: “There are many rumours going around the financial markets that the government of Ghana is contemplating giving all investors in Treasuries and Eurobonds a haircut”.

    He explained: “That means that investors will get some pesewas to each cedi (for GoG Treasury investors) or cents to each dollar (for Eurobond investors) of the principal invested”.

    In other words, he said: “They will receive only a fraction of their investments.”

    Mr. Mould noted: “Any attempt by the government to give investors a haircut on their investment principal will result in the government not being able to go to the capital markets for many many years to come.”

    He indicated: “This also could be resisted by many investors and there could be lawsuits by investor blocks which could drag Ghana’s current credit crunch; this option is like a road to perdition and only reserved for the non-salvageable economies in the world.”

  • How kenkey and fish entered Parliament

    Sagnarigu MP, Alhaji A.B.A. Fuseini, has stormed parliament with a ball of kenkey and a piece of fish to emphasize his point on Ghana’s hardships.

    Making his submissions on the poor standard of living in the country, the MP highlighted how ordinary meals such as ‘kenkey and fish’ have suddenly become a luxury under the Akufo-Addo-led administration.

    Mr. Fuseini stated during the 2023 budget review in parliament, that the true state of the economy can be captured at local markets and streets where prices of cheap commodities have outrageously shot up.

    “Mr. Speaker, they said the evidence of the sweetness of a pudding is not in the aroma but in the actual food. The real issue of the management of the economy vis-à-vis the impact on the lives of our people are clear. Mr. Speaker, before your distinguished guests last year, (Brings out a ball of kenkey from his bag). This ball of kenkey, even though it has suffered some kwashiorkor was GHC2.0 but today it is GH4.0. Mr. Speaker, (Brings out a fish from his bag) this fish was GHC6.0. last year but now it’s GHC12.0. I bought this kenkey at the Adabraka kenkey house,” he stated.

    He, however, blamed the seeming collapse of the country’s economy on what he described as incompetence from the economic management team.

    “It is abundantly clear that through the incompetence of this government, especially the economic management team and the minister of finance. This economy has been driven into a ditch,” he added.

  • World Cup 2022: list of full fixtures for quarter-finals

    Eight nations are eyeing to win the championship in Qatar on December 18 as the 2022 Fifa World Cup reaches its pinnacle.

    Portugal defeated Switzerland on Tuesday, winning 6-1 to complete the quarterfinal line-up.

    Morocco, who are the only African country left earlier defeated Spain 3-0 on penalties, after a goalless 120 minutes, to become only the fourth African country to reach the quarter-final stage of a World Cup.

    Full quarter line-up below

    Friday

    Education City Stadium, Doha

    Croatia v Brazil – 4 PM

    Lusail Stadium, Doha

    Netherlands v Argentina – 8 PM

    Saturday

    Al Thumama Stadium, Doha

    Morocco v Portugal – 4 PM

    Al Bayt Stadium, Al Khor

    England v France – 8 PM

  • Debt Exchange: ‘Ghana is broke’, bear with government – Joe Jackson to investors

    Mr. Joe Jackson, a well-known financial expert and the CEO of Dalex Finance, has pleaded with the people to be patient with the government over its domestic debt swap scheme.

    He claims that Ghana is so financially “broke” that it will be extremely impossible for it to pay its obligations to domestic bondholders in full.

    He believed that the only way for Ghana to receive assistance from the IMF was for the government to restructure domestic bonds in order to relieve pressure on the economy.

    Mr Jackson was reacting to the government’s domestic debt exchange programme which was announced by Finance Minister Ken Ofori Atta on Sunday, December 4, 2022.

    Speaking on the Kumasi-based OTEC 102.9 FM’s morning show “Nyansapo”, a day after the announcement, Mr. Jackson said the country’s economy may collapse if domestic bond holders reject the restructuring measures and try to force government to fulfill the end of its bargain on all local bonds.

    Domestic Debt Exchange Programme

    Government as part of measures to restore the ailing economy announced the government’s domestic debt exchange programme.

    These measures as announced by Finance Minister Ken Ofori Atta include some exemptions and external debt restructuring parameters that will be implemented.

    Per his release, treasury bills and individual bondholders will not be affected by this exercise.

    However, domestic bondholders will be compelled to exchange their instruments for new ones.

    “Existing domestic bonds as of December 1, 2022, will be exchanged for a set of four new bonds maturing in 2027, 2029, 2032, and 2037.

    “The annual coupon on all of these new bonds will be set at 0% in 2023, 5% in 2024, and 10% in 2025 until maturity.

    “Coupon payments will be semi-annual,” the Minister said.

    Minority’s Rejection

    Meanwhile, the Minority in Parliament has vehemently rejected government’s proposed debt restructuring programme.

    The caucus is of the view that the policy is unacceptable and cannot be allowed to proceed.

    The Minority Leader Hon Haruna Iddrisu has therefore warned that his side will use every legitimate means to oppose the move.

    Trouble for Ghana’s Economy
    Mr Joe Jackson in his submission, however, emphasized that government is handicapped in this particular instance, adding that it will be fatal for the economy if government is forced to halt the domestic debt exchange programme.

    He has thus called on all including Parliamentarians to treat the matter devoid of partisan lines and put Ghana first in this discussion.

     

  • Speech development delay in children can be inherited – Speech therapist

    Zarah Ibrahim, a speech and language development therapist, has disclosed that delayed speech development in children may be inherited.

    Although there are other underlying medical issues that might explain the phenomena, she feels it can also be caused by hereditary factors.

    Madam Ibrahim stated in an interview with Prime Morning anchor Asieduwaa Akumia on Tuesday that parents who have the disease are at a significant risk of passing it on to their children.

    “I had a client I was seeing and their child had speech error. Speech error means that there are certain sounds he cannot pronounce and produce and it is not because there is some deformities in him. Everything is fine but because the dad also has that, it was in his background,” she indicated.

    Humans undergo rigorous speech development throughout the first three years of life, according to study.

    During this time, the brain is also developing.

    Madam Ibrahim stated that children have milestones that they must achieve within the first three years of their lives in order to help with their speech and language development.

    She indicated that a kid has a speech issue if any of these milestones are not met.

    The speech and language therapist also addressed some of the underlying medical problems that might impair children’s language and speech development.

    “Children with autism are more likely to have communication difficulties here on the spectrum. There are numerous neurodevelopmental conditions, such as autism, Down syndrome, cerebral palsy, and many syndromic conditions, such as fragile egg syndrome, that can cause speech and communication difficulties,” she stated.

    Zarah Ibrahim also mentioned that, while there are underlying medical causes of this speech impediment, in some cases, there are no causes leading to the delay in speech of children, and this is referred to as developmental language disorder (DLD), which is also a language disorder that delays the mastery of language skills.

    According to her, when this disorder is discovered early, especially in children, it is easier to treat.

    She mentioned that the brain is malleable, so when children with this disorder receive the proper speech training and are well cared for, their speech and language development will improve.

    She also stated that active environments can help children improve their speech and

  • Ace Ankomah writes: Wanted alive; The Mentality that confronts adversity

    Yesterday, the Black Stars failed the nation. That’s easy to say. But I think that those of us in the stands also failed the Black Stars and the nation. And it’s because several of us haven’t developed the mentality that confronts adversity.

    THE MISSED PENALTIES

    I was in the stadiums when two penalty misses happened. (1) Messi’s miss against Poland. (2) Dede’s miss against Uruguay.

    I note 10 uncanny parallels. (1) Both Argentina and Ghana lost their first games (2) Both Argentina and Ghana won their second games (3) Both Argentina Ghana needed to win their final matches to be certain of qualification (4) Early in the game, both Argentina and Ghana had penalties (5) The captains of the two teams stepped up to take the kicks (6) Each captain wore No 10 (7) Each captain is left footed (8) they targeted the same side of the keepers (9) they missed (10) the immediate impact was pain

    BUT

    Argentina won by two goals while Ghana lost by two goals. Why? What happened between the penalty misses and the win and loss? That is where I think the difference in the national attitudes to failure lies.

    Penalty misses happen in football. Naturally. But my concern is what happened after the immediate adversity of a penalty miss.

    And on that I saw amazingly contrasting attitudes among the Argentine and Ghanaian players and fans.

    Almost as soon as Messi missed his penalty (and as the few Poles in the crowd celebrated), as if it was expected, and definitively rehearsed, the 30,000+ Argentine fans rose to their feet, chanted Messi’s name and repeatedly bowed to him. At 90 minutes they rose again to sing a song that I’m told, thanks the team for showing up to play, win or lose.

    With the support, the team rose from the ashes of the penalty miss, Messi rose and engineered the win that Argentina required.

    GHANA?

    We gasped in pain. Then both players and fans slumped. The stuffing was knocked from us. We froze. The spirit left us. Anger became the immediate emotion. The insults began. Shouting at the players. Insulting the GFA. Every attempt to revive the spirits of the supporters fell flat. Uruguay scored two quick goals. It was only when the team started playing well in the second half, that some fan support resumed. But it was too late. Adversity won. End of story.

    Guys, we cannot live our lives as if nature owes us success all the time. We cannot live our lives expecting everything to be good. We cannot repeatedly rely and depend on miracles. Several times, we will fail. That hurts. But our mental attitude and how quickly we pick ourselves up, are what will determine whether the next step is a victory or another defeat.

    My brother and friend Kobina Andah (we call him ‘Hagler’) has a diagnosis that I agree with. Hear him:

    “On the cheering etc, we’re spontaneous and organic in our investment, whereas what you witnessed [with Argentina] is intentional and scientific.”

    In our lives and in all we do, we need to invest in and develop a mental attitude that anticipates adversity and prepares for how we will deal with it when it comes. Our desire to bounce back must be intentional and deliberate. Fake it, if you must. But bounce back, we must.

    One of my most favourite borrowed saying is this:

    “Real supermen (and women) don’t leap over buildings in a single bound… they take small, determined steps consistently over time.” Anonymous.

    We need to learn those small steps, those determined steps, those consistent steps, and those time-bound steps.

    One of my all time best movie scenes in the 1993 classic Cool Runnings between Yul Brenner and Junior Bevill:-

    Yul Brenner: Look in the mirror, and tell me what you see!
    Junior Bevill: I see Junior.
    Yul Brenner: You see Junior? Well, let me tell you what I see. I see pride! I see power! I see a bad-ass mother who don’t take no crap off of nobody!

    Yesterday, the team on the pitch failed us in the stands and the nation. But we in the stands also failed them and the nation.

    May today be the first day that we begin those small, determined, consistent and time-bound steps. That’s how we build the mentality that prepares for, expects, anticipates and confronts adversity.

    And while at it, look in the mirror, Ghana. We have been too reticent a ‘Junior’ for too long. There’s nothing wrong with a little more self-confidence and a little more swag and a little more arrogance. Not empty arrogance, but that measured arrogance that comes with knowing who you are and what you are able to do. Maybe one of the several things Ghana needs now are some bad-ass mothers who don’t take no crap off of anybody. And the ‘nobody’ includes life and its curve-balls!

    They call me ‘Ace

    Source: Ace Ankomah

  • Fans must be involved in the sale of Man Utd – Neville

    At Old Trafford, there have frequently been demonstrations against the Glazer family’s ownership of the team.

    Gary Neville, a former captain of Manchester United, claims that the Glazer family has to “engage properly with the fans” regarding any potential new club owners.

    The Glazers have said they are considering selling United as they “explore strategic alternatives”.

    Their move follows years of protest from fans against their ownership.

    “It’s a big moment now,” former England full-back Neville, who made 602 appearances in his 19 years at United, told Sky Sports.

    “The Glazer family will never get a great exit from Manchester United, but they could have a more pleasant exit if they do it right.

    “Over the next couple of months, I’d like to see them engage properly with the fans about who is going to take over the club.”

      Manchester United Supporters’ Trust welcomes potential sale by GlazersRatcliffe, Red Knights or wildcard – who might buy Man Utd?

    The Glazer family bought United for £790m ($1.34bn) in 2005.

    The 13-time Premier League winners have not won the title since 2013 and have not won a trophy since claiming the Europa League and EFL Cup in 2017.

    “I think what Manchester United fans need to see is a manifesto from the new owners,” added Neville, who won eight top-flight titles and two Champions Leagues with the club.

    “Manchester United can’t be handing over to an owner that basically screams against what the club stands for or what the club wants.

    “So there are manifesto pledges that I think are really important – like the fan voice, the fan experience and maybe even positions for fans on the board.”

    United’s statement announcing they could sell the club also added “there can be no assurance that the review being undertaken will result in any transaction involving the company”.

    But Neville believes the American owners might not have much other choice.

    “I’ve been saying for six months that the Glazers would have to sell or part-sell,” said Neville. “Anybody who’s close enough to the club knows that.

    “There is a need for equity and cash in the club, just for the investment they’re going to have to put into the stadium, the training ground and the sporting project. They haven’t got enough money.”

     

  • Under Ofori-Atta, economic transformation has gone the other way – Senyo Hosi

    Senyo Hosi, a financial and economic policy analyst, believes that Ken Ofori-Atta, despite serving as the 4th Republic’s longest-serving finance minister, has perhaps lost the chance to improve Ghana’s economic situation.

    With the economy now looking to the IMF for help, Ken Ofori-Atta has recently come under great pressure from the President to quit or be removed from his position.

    The Finance Minister’s dismissal has been openly demanded by lawmakers in the ruling New Patriotic Party.
    On the other hand, the minority caucus in parliament has also submitted a motion of censure against Ken Ofori-Atta on seven different grounds.

    While it remains unclear whether Ken Ofori-Atta will remain in office or be removed in the near future, Senyo Hosi in a Twitter post on December 7, 2022, said the finance minister has had more chances to transform the Ghanaian economy than any of his predecessors in the 4th Republic.

    He further opined that the sort of economic transformation that Ken Ofori-Atta has achieved thus far has rather been in the reverse direction.

    “Lest we forget, Ken Ofori-Atta is Ghana’s longest-serving Finance Minister under the 4th Republic. He has had the best opportunity to transform the Ghanaian economy than any of his 4th republic predecessors. Transformation, he has achieved, but in the reverse direction. #KenTheTransformer” Senyo Hosi wrote.

  • Cardi B reveals how much she made from a 35-minute performance at private event

    Cardi B says she made $1 million for a recent performance at a private event, urging detractors to “think about that” when speaking about her.

    The sizable payday reveal stems from a since-removed tweet from Cardi, who told her 26 million Twitter followers she made “1 million dollars to perform at this elite bankers event private event for 400 people and only for 35 minutes.”

    Shifting to all-caps to close out the tweet, which also included an excerpt of a document showing the payment amount, Cardi responded to an attempted diss from another Twitter user by telling them to “think about that when you type about this Grammy winner.”

    While the tweet in question has indeed been removed, it’s continued to surface in screenshot form, as seen below.

    Cardi also shared another tweet about the private event, this one including photos of the performance. At the time of this writing, that particular tweet remained live.

    In November, the Cardi-featuring “Tomorrow 2” was included on GloRilla’s debut Anyways, Life’s Great project. Hear the full nine-track EP, also featuring Niki Pooh, by hitting this link.

    Source: Complex.com

  • World Cup 2022:PFAG is confident of a strong comeback of the Black Stars after exit

    The Professional Footballers Association of Ghana (PFAG) is certain that the Black Stars would come back stronger after leaving the 2022 World Cup in Qatar’s group stage.

    After falling to Uruguay 2-0 on Friday, the four-time African champions were eliminated from the competition.

    Ghana finished bottom of Group H with three points after losing to Portugal and Uruguay, having beaten South Korea in between.

    In a statement of support issued by the Association, the mother body of all professional footballers in the country, commended the entire playing body and technical bench for their heroic display on world football’s grandest global stage and encouraged the gallant warriors to use the experience gained at the World Cup to press on towards a brighter future for Ghana Football.

    Black Stars began the tournament with a 3-2 loss to Portugal but came back to beat South Korea 3-2 before losing 2-0 to Uruguay.

    Otto Addo will leave his post as Ghana coach at the end of December 2022.

    The 47-year-old replaced Milovan Rajevac in February, initially as interim boss, and was given a deal until the end of December.

  • Mzbel claps back at businessman about his former ambassadors neglecting him

    Ghanaian musician Mzbel has cleared the air following a viral video made by the CEO of Joy Daddy Industries, Mr Manfred who lamented the neglect from celebrities he once invested monies into their brands.

    According to the CEO of the alcoholic drink company, some popular musicians who were his ambassadors owe him money after failing to complete their contract.

    Despite his support, these celebrities including Daddy Lumba, he said, have failed to reciprocate the love he showed them back in the day.

    “When you introduce your brand and tell them to post on their social media pages, they will tell you to sign a contract with them. Those times we had over twenty artists on one platform, yes. Many of them owe us.”

    He added: “Some of the celebrities we have helped in Ghana are here. I am not saying this without any backing. We helped a lot of celebrities when they were in crisis, but none of them have spoken about it and we live for it. Yes, I am saying this with all seriousness. When some celebrities had their market go down. Joy Industries as a company, as a corporate entity, had them on so many shows.”

    Mzbel who was once associated with the Joy Daddy brand has cleared the air following rumours that Mr Manfred’s jab was directed at her also.

    The ’16 Years’ singer in a tweet dated December 6, explained how Mr Manfred has ignored all attempts to get to him. According to Mzbel, the CEO never returns his calls.

    The tweet sighted by GhanaWeb on Thursday read: “Dear Joy Daddy, you never reached out to me again since 2015 after you stopped me from promoting your brand because of FDA blah blah blah… I reached out to u several times recently when my dad passed but I was ignored and you didn’t show up… no hard feelings though.”

    In a separate post she pledged her support to the businessman. “I’m still your Ga Adangbe sister u can count on me anytime.”

    Check out the post below:

     

    View this post on Instagram

     

    A post shared by Zionfelix.com (@zionfelixdotcom)

  • Amy Robach and T.J. Holmes taken off ‘Good Morning America’ after relationship goes public

    Amy Robach and T.J. Holmes, co-hosts of Good Morning America, have been fired as a result of their relationship becoming known last week, according to TMZ.

    Per sources at ABC, the network’s president Kim Goodwin announced the decision to pull the hosts off the air during an editorial call on Monday. She called the attention on the couple an “internal and external distraction,” just days after it was reported the two wouldn’t face any disciplinary action over their highly-publicized romance.

    “I want to say that while that relationship is not a violation of company policy, I have really taken the last few days to think about and work through what I think is best for the ABC News organization,” Goodwin reportedly told ABC staff. “This is something … we’re not going to talk about on this call until there is more to be said. I’m asking that we stop the whispering in the hallways. You know, we can’t operate with gossip, and speculation and rumors. We need to stay focused on the work.” Goodwin said that if any staff at ABC feels there’s “something that management needs to know,” they should speak with HR or talk to a manager.

    Reports first surfaced last week, alongside photos that showed them holding hands in upstate New York. Neither of them have publicly addressed the situation, but they’ve both deactivated their Instagram accounts. Robach is still married to actor Andrew Shue, while Holmes is married to attorney Marilee Fiebig. They both reportedly separatedfrom their partners sometime in August. Sources have claimed there were rumors of an affair as far back as last year.

    Take it all in.” In response, 49-year-old Robach said, “Speak for yourself. I am very excited about the weekend—and I’m sure everyone else is too. We all love our Fridays around here. Some of us do, at least.”
    Source: Complex.com
  • Florida deputy shot dead by fellow officer in accidental off-duty incident

    A Florida deputy was shot dead over the weekend by his roommate in an accidental off-duty incident, NBC News reports.

    Brevard County Sheriff’s Office deputy Austin Walsh, 23, was fatally shot Saturday morning in Palm Bay by fellow deputy Andrew Lawson. According to Sheriff Wayne Ivey, the deadly shooting occurred when Lawson “thinking that the gun was unloaded, jokingly pointed the gun in Austin’s direction and pulled the trigger.”

    “Austin and Andrew were the best of friends and Andrew was completely devastated over what happened. Even with that, there is no excuse for this tragic and totally avoidable death,” Ivey said at a Sunday news conference.

    He continued, “Folks, this unnecessary and totally avoidable incident not only took the life of an amazing young man and deputy, but it has also forever changed the life of another good young man who made an extremely poor and reckless decision.”

    Lawson immediately called 911, but Walsh was dead by the time authorities arrived on the scene. Police say the latter died after sustaining a single gunshot wound.

    Lawson was taken into custody on Sunday by agents from the Florida Department of Law Enforcement. He faces a manslaughter charge, and is currently being held without bond at the Brevard County Jail.

    Walsh joined the sheriff’s office at 18-years-old, following years spent serving as a public safety officer in the department’s Explorers youth program.

  • Funny Face loses his father

    Condolences are pouring in for Benson Nana Yaw Oduro Boateng, popularly known as ‘Funny Face’, after he announced the death of his father on social media.

    In a sad and emotional announcement captured on the comedian’s Instagram page on Wednesday, December 12, 2022, he disclosed that he and his siblings are still struggling to accept the loss.

    “I never got to say goodbye. This your death has hit me hard .. You were gone before I knew it and only GOD knows why… why did you leave SOO SOON ! You have left us broken DAD .. Till we meet again .. REST IN PEACE DADDY. Continue to watch over me and my sisters .. hmmm,” he wrote.

    Meanwhile, scores of celebrities including the likes of Beverly Afaglo, Guru, Andy Dosty, Reggie Zippy, and many others have trooped into the comment section under Funny’s post to commiserate with him.

    Read the post below:

  • NLA welcomes World Lottery president, African heads for seminar on gaming industry

    Today, December 7, 2022, the World Lottery Association’s (WLA) Rebecca Paul and General Secretary Lynne Roiter will fly into Ghana for the Seminar on Responsible Gaming.
    High-ranking representatives of the National Lottery Authority will formally welcome Madam Rebecca, Paul, and her delegation of WLA officials upon their arrival.
    Director Generals of 15 African nations and several lottery industry experts are expected to attend the seminar, which was the idea of the African Lotteries Association, to discuss ways to expand the gaming sector.

    Rebecca Paul is in Ghana to grace the seminar which is viewed as one of the key events on the calendar of the African Lotteries Association.

    Whiles in Ghana, Rebecca Paul, and the entire delegation are expected to grace the Grand Durbar of the NLA’s 60th Anniversary.

    The event will have the presence of President Nana Addo Dankwa Akufo-Addo who will be the Special Guest of Honor on Friday, December 9, 2022.

    Mad. Paul has also been instrumental in leading many reforms and championing Good Causes across the various Lottery Bodies.

    Rebecca was re-elected WLA Boss in Vancouver, in October this year for another term.

  • Okraku reveals roadmap to appointing a new coach for the Black Stars

    The search for a replacement for Otto Addo as Black Stars coach, will start soon according to Ghana FA president Kurt Okraku,

    The Dortmund coach took leadership of the Black Stars for six months before leaving.

    Addo who qualified Ghana to the tournament after beating Nigeria in the World Cup playoffs announced he would not be extending his contract after the World Cup.

    He announced his resignation following Ghana’s 2-0 defeat to Uruguay on Friday at the post match conference.


    Speaking to Graphic Sports Kurt Okraku  hinted that the country’s football governing body would take its time to consider the options available to engage the key stakeholders, including the government, before arriving at the best candidate for the job.

    He also hinted that such an important announcement would not be made before the end of the year, especially as the senior national team would not have any immediate engagement before their Africa Cup of Nations (AFCON) qualifier against Angola next March in Luanda.

    Earlier, the FA Vice-President, Mark Addo, told the media that the FA would first wait for the technical report from Otto Addo to be laid before the FA’s decision-making Executive Council for deliberation before initiating the process of appointing the next national team coach.

    “We knew that Coach (Otto Addo) will be leaving in six months, so we do have a succession plan,” Mr Addo told a media briefing in Doha last Saturday.

    “We’re just going through the process, it’s a process and you know the GFA works with different stakeholders in this decision-making process.

    “Like I said, the first thing is to. get our report in quickly, have a meeting with our stakeholders, including the President, the Executive Council and Government and once that is done, we will make a decision on his successor. So yes, we have a plan,” the FA vice-president stated.

    Ghana exited the tournament with three points after recording two defeats and one win.

     

     

  • Covid-19: China rolls back strict rules after protests

    China is lifting its most severe Covid policies – including forcing people into quarantine camps – just a week after landmark protests against the strict controls.

    People with Covid can now isolate at home rather than in state facilities if they have mild or no symptoms.

    They also no longer need to show tests for most venues, and can travel more freely inside the country.

    Citizens have expressed relief but also concern about the sudden changes.

    “Finally! I will no longer worry about getting infected or being taken away as a close contact,” one person wrote on Chinese social media.

    Another said: “Can anyone explain to me what’s happening? Why is the change all of a sudden and so major?”

    The sweeping changes indicate China is finally moving away from its zero-Covid policy and looking to “live with the virus” like the rest of the world. This comes as the country is grappling with its biggest wave of infections – over 30,000 each day.

    Some users online have questioned the accelerated opening-up – “The medical system will be overwhelmed and many elderly would be infected. It begins now,” one user wrote.

    But many others rejoiced at the loosening of a policy that had controlled their lives for nearly three years.

    Until now, China had forced people with Covid and anyone who was a close contact to go to quarantine camps. This policy had been deeply unpopular because it separated families and removed people from their homes..

    Some of the centres were also reported to have poor living conditions and inadequate staff.

    Videos all year have shown guards dragging people out of their homes after they refused to go. Viral footage from Hangzhou last week showed a man fighting off officials.

    China’s National Health Commissioned announced a swathe of other new freedoms on Wednesday. They said:

    • They aimed to decrease testing. Lateral flow tests would replace PCR tests in most scenarios where a result is needed, although PCRs are still needed for schools, hospitals and nursing homes
    • Lockdowns would continue but should only apply to more targeted areas – for example, certain buildings, units or floors as opposed to whole neighbourhoods or cities being shut down
    • Areas identified as “high-risk” should come out of lockdown in five days if no new cases are found. Several cities in China have endured months-long lockdowns this year even when there were only a handful of cases
    • Schools can remain open with student attendance if there’s no wider campus outbreak

    The new guidelines also included a strict ban on blocking fire exits and doors and said people had to be able to access emergency medical treatment and escape routes unhindered by pandemic measures.

    It follows reports of people being locked into their homes during an earthquake, and buildings being sealed under lockdown measures.

    The recent protests were triggered by a deadly fire in the western Xinjiang region – critics said the victims had been unable to escape the building because of lockdown measures but Beijing denies this.

    There have also been repeated reports of delays to emergency medical care for people in locked down areas.

    On Wednesday, authorities also stressed the need to accelerate the vaccination of elderly people.

    “All localities should adhere to…. focus on improving the vaccination rate of people aged 60-79, accelerating the vaccination rate of people aged 80 and above, and making special arrangements,” the National Health Commission said.

    The loosening of measures come after the country saw its biggest protests in decades. Last week, crowds took to streets in several cities to criticise lockdowns and pandemic restrictions.

    Protests in some places also escalated into direct criticism of President Xi Jinping and the Chinese Communist Party – a significant display of defiance given the country’s intolerance for political dissent.

    Since those protests on 24-26 November, Chinese authorities had begun to release some cities from lockdown. Officials had also begun to tone down language around the dangers of Covid.

    The country’s vice-premier, Sun Chunlan, flagged last week that China was entering “a new situation” in the pandemic and the virus’ ability to cause disease was weakening.

    Experts have warned any easing of zero-Covid in China would have to be done slowly – as the country of 1.4 billion people could see a huge jump in cases that could overwhelm its healthcare system.

    Speeding up vaccination of its elderly population is key, health experts say.

    “The main way for China to exit Covid with the least damage is via vaccination and three doses of vaccination is a must,” Prof Ivan Hung at Hong Kong University told the BBC earlier this week.

    “Hopefully before Chinese New Year [in January 2023] as there will be a large movement of the population travelling and returning home,” he added.

    China’s international borders also remain closed to most foreigners, however, some analysts say this rapid change shows the country could re-open next year.

    Source: BBC
  • Man allegedly kidnaps ex-girlfriend, forcefully tattoos his name on her face

    A Brazilian man has been accused of kidnapping his ex-girlfriend and tattooing his name on the side of her face, as revenge for breaking up with him.

    Tayane Caldas, an 18-year-old woman from the Brazilian state of Sao Paulo, was on her way to school last Friday, when she was approached by her ex-boyfriend, Gabriel Coelho, who forced her to get into his car.

    Afraid she would be attacked if she didn’t comply, the young woman got into the vehicle and was taken to her ex’s home in the municipality of Taubaté

    There, the 20-year-old Coelho tattooed his full name on the girl’s right side of the face, from her ear, down to her chin. Although he doesn’t deny doing the tattoo, Gabriel Coelho claims that Tayane was more than happy to let him do it.

    The following day, Tayane’s mother filed a missing person’s report with the local police and managed to track her down to the Coelho residence.

    She took her daughter home and encouraged her to press charges against the abusive ex-boyfriend, instead of simply covering up her new face tattoo and several bruises.

    Gabriel Coelho was taken into custody on Saturday, despite his father backing up the claim that Tayane was happy to let him tattoo his whole name on her face.

    Man allegedly kidnaps ex-girlfriend, forcefully tattoos his name on her face

    Apart from his ex-girlfriend’s new accusations, he will also serve time for not complying with two restraining orders filed by Caldas, one in 2021 and another this year.

    “I am afraid of him,” Caldas told TV Band Vale. “The law these days, everyone knows he doesn’t stay in (jail) for long, and with this whole situation, I’m afraid of him.”

    After Tayane Caldas’ lawyer shared her horrific ordeal online, a number of Brazilian influencers and tattoo removal shops joined forces to help her.

    The 18-year-old attended her first laser removal session last Wednesday, in an attempt to erase the tattoo from her face. She is allegedly trying to remove two other tattoos of Coelho’s name from her body.

    The two started dating in 2019, and at first, everything was going well. About a year after the beginning of the relationship, Coelho, a tattoo artist, started having fits of jealousy and attacking the young woman, at which time her mother convinced her to leave him.

    Man allegedly kidnaps ex-girlfriend, forcefully tattoos his name on her face

    The two broke up for eight months and got back together after he promised he wouldn’t hit her anymore. He broke his promise, and this time Tayane’s asked for a restraining order.

    The girl’s parents also tried sending her to Sao Paulo for a few months, but as soon as she return to Taubaté, her ex started threatening her again.

    Source: Oddity Central

     

  • Nike terminates endorsement deal with Kyrie Irving

    As a result of Nike and Kyrie Irving’s split, the Brooklyn Nets player is now a shoe free agency. Shams Charania, an NBA insider, broke the news of the dismissal for the first time on Twitter on Monday.

    When reached for comment by Complex on the matter, a Nike spokesperson confirms that “Kyrie Irving is no longer a Nike athlete.”

    The termination of the deal with the Nets star guard comes after the brand announced last month it would be suspending its partnership with Irving and axing the release of his Kyrie 8 signature shoe after he shared a link to an antisemitic film on Instagram and refused to denounce antisemitic beliefs in the immediate press conferences that followed. Irving was also suspended by the Nets for eight games but has since been reinstated after he apologized for sharing a link to the film on social media.

    Irving and Nike’s relationship began to sour last year when he publicly called his unreleased Kyrie Infinity sneaker “trash” in an Instagram comment. Shortly after, it was reported by ESPN’s Adrian Wojnarowski and Ramona Shelburne that Nike would not be renewing Irving’s endorsement deal following the 2022–23 season and that the Kyrie 8 would be his last sneaker release with the brand.

    Irving first inked an endorsement deal with the Swoosh back in 2011, which has resulted in the release of seven official signature models as well as several takedown sneakers.

    Source: Complex.com

  • Patrick Mayo is hopeful that his two sons become key players for South Africa like the Ayews

    Former Kaizer Chiefs star Patrick Mayo expects his kids Khanyisa and Khanyisile will develop into important players for South Africa’s Bafana Bafana, much like the Ayew brothers did for Ghana.

    Khanyisa and Khanyisile Mayo play for Cape Town City and Chippa United, respectively, in South Africa’s premier division.

    The Ayews, Jordan and Andre have been key players for the Black Stars over the years and also played in major tournaments for the West African side.

    Both Jordan and captain Andre Ayew were the most experienced players in Ghana’s squad at the 2022 World Cup in Qatar.

     

    “These boys make me happy. I am very proud of them,” Mayo told Sowetan Live.

    “I want to see them playing for the senior national team. They both played for the junior national teams, so now my dream is to see them at Bafana together like the Ayew brothers.

    “The younger one is more talented and I can’t wait for him to play regularly… to show people what he’s got. His older brother has already made a name for himself… everybody knows him but they don’t know how gifted his younger brother is. I never thought my boys would also play football professionally. However, I used to go to training with them and I think that’s where they started falling in love with football.”, he added.

  • Tamale Teaching Hospital CEO resigns

    Dr. Kareem Mumuni, the temporary CEO of Tamale Teaching Hospital, has resigned.

    According to a statement released by the facility’s administration, Dr. Adam Atiku, who is in charge of medical affairs, has been requested to take over as interim CEO.

    However, the statement did not specify why he resigned.

    Dr. Mumuni took over as temporary CEO after the prior CEO, Dr. David Kolibilla, was accused of procurement violations.

    Despite the investigation’s findings exonerating Dr. Kolibilla of any wrongdoing and recommending his reinstatement, the recommendation

  • Nick Cannon eulogises his son on anniversary of death

    Zen Scott, the son of Nick Cannon and Alyssa Scott, passed away one year ago today. Nick Cannon paid tribute to Zen on his official Instagram account.

    “I can’t believe it’s been a year already since the toughest day of my life occurred,” Cannon wrote in the post, which also included several photos of his late son, who tragically died of a brain tumor last year. “Such a painful anniversary. Losing a child has to be the heaviest, most dark and depressive experience that I will never get over. A mixture of guilt, pain, and sorrow is what I suppress daily.”

    In the same post, Cannon also addressed his recently revealed hospitalization due to pneumonia. According to Cannon, he’s now physically “on the mend” but is still “broken” in the mental and spiritual sense.

    “I know a few days ago I wrote a post from my hospital bed saying I will be okay and I just needed rest so don’t waste your prayers on me but I can definitely use those prayers right now,” he told fans on Monday.

    In June, Cannon and Scott marked their late son’s birthday by announcing the establishment of a pediatric cancer foundation, Zen’s Light. The goal of the foundation, per Cannon, is to “foster global excellence in hope, grief care, and pediatric healthcare” for those in need.

    “June 23rd will forever be a day of celebration,” Cannon said at the time.

    Source: Complex.com

  • Wife throws boiling water on sleeping husband because he was dreaming of another woman

    A Bolivian woman was recently arrested for throwing hot water on her sleeping husband’s genitals because he was allegedly dreaming of another woman.

    The shocking incident happened last week in the Bolivian city of La Paz. According to the scorned wife’s testimony, her 45-year-old husband was sleeping and allegedly declaring his love to another woman in his sleep.

    Enraged, the woman went into the kitchen, brought a pot of water to a boil and then simply threw it on his genital area for his “transgression”. According to police sources, the man was hospitalized with second-degree burns on his privates as well as on his arm and back.

    It’s unclear whether the victim notified the police or if his cries of pain alerted the neighbors, but according to TN International, local authorities have started an investigation in this case.

    Juan José Donaire, deputy director of the Special Crime Fighting Force in La Paz, said that this wasn’t the first time the 45-year-old man had suffered abuse from his wife. In a previous feat of rage, the woman had reportedly doused him in alcohol and tried to set him on fire.

    It’s unclear what the husband did to upset the woman the first time, but I think it’s safe to say that she overreacted this time around…

    Source: Oddity Central

  • NAPO set to improve NEDCo’s revenue generation with collection taskforce

    Energy Minister Dr. Matthew Opoku Prempeh will convene the Northern Electricity Distribution Company Limited (NEDCorevenue )’s collection Taskforce as part of efforts to dramatically increase the company’s revenue generating.

    The company’s Northern Operational Area, which comprises the Northern and Savannah Regions and some areas of the Oti Region, will generate more money after the debut in Tamale on December 12, 2022.

    Power theft is the main reason NEDCo loses up to 45% of the power it sells each month.

    The company’s monthly revenue from the Northern Area is about GH¢24million but could have been higher if not for power theft. It also means that more than GH¢10million is lost monthly, which amounts to over GH¢120million a year.

    This does not include losses from its other operational areas including Sunyani, Techiman, and Upper East, Upper West, and North-East Region.

    The Public Utilities Regulatory Commission (PURC), the utility regulator, allows for a lost margin of 22 percent for power utilities. NEDCo ended 2021 with total losses of 27 percent.

    Manager, Technical Audit of NEDCo, Ing. John Yamoah, at a media workshop recently, revealed that losses in Tamale stand out among the rest at 48 percent.

    NEDCo, which recorded GH¢884million in total revenue in 2021, lamented that the huge monthly losses make it difficult to invest in new equipment and infrastructure needed to ensure quality and reliable electricity supply within its jurisdiction.

    Earlier this year, NEDCo, a subsidiary of the Volta River Authority, in its justification for improved tariffs to the utility regulator, submitted that apart from inadequate revenue from tariffs, it was confronted by high losses due to power theft, faulty metres, and unbilled customers, which it said was particularly high in the Northern Area, comprising Northern and Savannah Regions and some parts of Oti Region.

    Meanwhile, non-payment by Ministries, Departments and Agencies (MDAs), standing at GH¢1billion at the end of 2021, and lack of metering for street lighting and others, were among the challenges captured in its proposal to the regulator.

    To ensure the supply of quality and reliable electricity, it is estimated that NEDCo requires GH¢8billion, approximately US$ 844 million to modernise its infrastructure.

  • The Greens Ghana profile

    The Greens Ghana is a real estate development firm that provides eco-friendly residential communities with client-centred interest that ensures quality and regulated pricing.

    Since its inception in 2017, The Greens Ghana has played an important role in providing affordable housing to the majority of home seekers and investors looking for rewarding home investments.

    The Greens Ghana has been providing luxurious, diverse range of high-quality and affordable residential properties in Accra.

    Their developments contain bespoke one to five-bedroom houses that are home to a large number of families who are delighted to live in Accra and its environs.

    The in-house construction team together with carefully sourced materials ensure the quality of all properties developed. Their developments provide facilities and infrastructure carefully thought through from the groundbreaking stages to fine finishing. The development includes but not limited to, recreational areas, tarred roads, underground drainage, upgradeable solar systems, solar-powered streetlights, property management services, security services, and eco-friendly landscaping.

    Each development comes with unique details planned to provide residents with homes they will enjoy and the ultimate space to make lifetime memories. Notably, The Greens Ghana was awarded ‘Best Property Investment of the Year’ at the 2017 Ghana Property Awards.

    This iterates the goal of delivering an investable development and assuring buyers that they are investing with one of Ghana’s most reputable developers.

    Kiran Daswani, who has been widely recognised for her achievements, professionalism, and business acumen, manages, and co-owns The Greens Ghana.

    Source: Ghanaweb

  • PFAG commends Black Stars for their heroism and sacrifice after World Cup exit

    Despite losing in the group stage, the Professional Footballers Association of Ghana (PFAG) lauded the performance of the Black Stars for their World Cup effort.

    Following its defeat by Uruguay in the final Group H match last Friday, Ghana was eliminated from the World Cup

    The Black Stars needed only a point to progress but a first half brace from Flamengo star Giorgian de Arrasteca sent Ghana packing.

    Despite the elimination, PFAG released a statement commending the team for their ‘acts of heroism and sacrifice’.

    “The Professional Footballers Association of Ghana wishes to commend the players and technical team the senior national team, the Black Stars, following elimination from the ongoing World Cup in Qatar,” wrote the PFAG.

     

    “The exit has been extremely challenging for all us to take in.

    “As the mother body for the professional footballers in the country, the PFAG is extremely proud of our gallant warriors as they represented the nation at its fourth appearance on global football’s grandest stage.

    “You showed countless act of heroism and sacrifice, and this gives us all a renewed hope going into the future,” the letter continued.

    The four-time African champions will now switch their attention to the 2023 Africa Cup of Nations qualifiers.

    Read full letter below: 

     

  • Increasing bargaining power on gold pricing requires collaboration – Abu Jinapor

    Samuel Abu Jinapor, Minister for Lands and Natural Resources, has emphasized the significance of relations between Ghana and South Africa and urged the two nations to work together immediately to strengthen their negotiating position in relation to gold prices in order to obtain competitive gold prices on the global market to their mutual advantage.

    According to the Lands Minister, 60% of the world’s cocoa production is produced in Ghana and Cote d’Ivoire, and these two nations have collaborated to establish what is known as the cocoa floor price. As a result, there is currently a minimum price level, regardless of what occurs on the international stage, below which cocoa cannot be sold.

    He further indicated that Ghana and Cote d’Ivoire are taking a step further and working jointly to get the International community to take out the issue of premiums.

    The Minister stated this when a high-level delegation from South Africa called on him to among other things exchange ideas and best practices on the mining sector particularly small-scale mining operations.

    Hon. Jinapor was of the view that the move by Ghana and Cote d’Ivoire in the cocoa industry could be replicated by Ghana and South Africa in the gold sector.

    The Ghanaian government, the Minister said, is doing all it can to come to grips with illegal mining activities known in Ghana as ‘galamsey’, in Australia as Prospecting, and in South Africa, as Zama zamas and charged his technical team to consider the governance structure of the South African delegation since their system is fused from the get-go sighting the head of their committee as a Major General concluding that theirs is a broad sectoral nature.

    On her part, Major General Zulu the leader of the delegation applauded Ghana for allowing her country’s top principals to engage them while they are on their knowledge-sharing tour in the country adding that the President of the Republic of South Africa tasked them to use Ghana as a benchmark to yield broader results.

    She further stressed that Ghana’s small-scale mining sector is focused on improving the lives of the community as well as the economic sector.

    Ghana and South Africa are leading producers of gold in Africa and relations between the two countries date back to pre-colonial times as both countries are members of the African Union and the Commonwealth of nations.

  • FLASHBACK: Relevant state agencies will chase you – Akufo-Addo to speculators over ‘Haircut’

    After stating that there would be no “haircuts” on bonds and investments, President Nana Addo Dankwa Akufo-Addo said that individuals who engaged in speculating would be dealt with by the appropriate state institutions.

    He declared: “I say to them that the competent state agencies will take action against such persons. Those who make it a practice of disseminating lies, which cause panic in the system.”

    Read the full story originally published on November 1, 2022, by peacefmonline

    President Akufo-Addo has reacted to a two-minute video circulated on social media suggesting that there will be a “haircut on Government bonds”

    Addressing the nation on measures being taken by the government to rescue the economy, he said: “I also want to assure all Ghanaians that no individual or institutional investor, including pension funds, in Government treasury bills or instruments will lose their money, as a result of our ongoing IMF negotiations.

    “There will be no “haircuts”, so I urge all of you to ignore the false rumours, just as, in the banking sector clean-up, Government ensured that the 4.6 million depositors affected by the exercise did not lose their deposits”

    Meanwhile, he has cautioned “those who make it a habit of publishing falsehoods, which result in panic in the system, I say to them that the relevant state agencies will act against such persons”.

  • Nigeria imposes restrictions on cash withdrawals

    Nigeria’s central bank has limited weekly over-the-counter cash withdrawals by individuals and corporates to 100,000 naira ($225; £186) and 500,000 naira ($1,125; £928) respectively.

    This is in line with its policy to promote cashless transactions, it said.

    It comes days after the West African country launched new banknotes.

    In a circular, the central bank fixed the maximum daily withdrawal from ATMs at 20,000 naira with a weekly limit of 100,000 naira.

    It also directed that only denominations of 200 naira and below be loaded on ATMs.

    Withdrawals through point-of-sale (PoS) system, used mostly to pay for goods, will be limited at 20,000 naira.

    The new restrictions will come to effect on 9 January.

  • Unidentified assailants kills security guard on Tarkwa-Banso road

    Unknown assailants suspected of being armed robbers shot and killed a security guard at the Mobik Energy Fuel Filling Station on the Tarkwa-Banso route in the Tarkwa-Nsuaem Municipality.

    Haruna Iddrisu, the deceased, was on routine patrol when the suspects, clad in jackets with hoods and hats, attacked the premises and reportedly shot him to death.

    According to a source who verified the occurrence to the Ghana News Agency (GNA), it happened on Monday, December 5, 2022, at two o’clock in the morning.

    According to the source, following the deed, the suspects hid the deceased’s corpse at the back of the fuel station and broke into five different rooms where some of the company’s employees had retired to bed.

    The suspects allegedly beat several of the workers, stole GHC 22,0000 in cash, and attempted but failed to unlock a money safe.

    The police were notified, and they went to the location to examine the body, according to the source.

    The body has already been placed in the mortuary of the Apinto Government Hospital for preservation and autopsy.

    Meanwhile, Tarkwa Police have called some of the workers to aid with investigations.

  • World Cup 2022: Samuel Eto’o apologizes after attacking a man in Qatar

    A former striker for Cameroon and Barcelona Samuel Eto’o has expressed regret for his involvement in what he called a “violent brawl” that occurred after a World Cup game in Qatar.

    The 41-year-old, who is currently the president of his nation’s football association (Fecafoot), was allegedly seen in an online video yelling at a man.

     

    The incident occurred outside Stadium 974 in Doha after Monday’s last-16 match between Brazil and South Korea, which the South Americans won 4-1.

    Eto’o posed for several pictures with supporters before getting into an angry confrontation with another man with a video camera.

    Footage showed Eto’o advancing towards the man before he was restrained by bystanders, but he then broke free and appeared to lash out towards the man with his knee.

  • Tanzania cancels independence celebration, diverts funds to build dormitories for kids

    Tanzania’s President Samia Suluhu Hassan has cancelled Independence Day celebrations scheduled for Friday and directed that the budget instead be used to build dormitories for children with special needs.

    The 61st Independence Day event was to cost $445,000, money that will be used to build eight dormitories in primary schools around the country.

    Tanzania’s Minister of State, George Simbachawene, on Monday said the money had been disbursed.

    He said that instead of having parades and other national celebrations, the East African country will commemorate Independence Day by having public dialogues on development.

    “The debates and conferences will be preceded by various schedules for regional and district leaders to carry out social activities in different areas including cleaning hospitals, schools, elderly homes and groups with special needs,” he said.

    Usually, Independence Day celebrations are marked with pomp and state banquets.

    This is not, however, the first time Tanzania has cancelled the celebrations.

    In 2015, then-President John Magufuli cancelled celebrations and diverted funds towards the building of a road in the commercial capital, Dar es Salaam.

    In 2020, he did the same and directed that the budget be used to buy medical facilities.

    The current president, Hassan, is Tanzania’s first female head of state.

    She previously drew attention by ordering big-bellied policemen to lose weight to be more effective at work.

    Decades before she rose to higher office, she worked as a development officer in the Zanzibar government. She was also a project manager for the UN’s World Food Programme and later the executive director of an umbrella body governing non-governmental organisations in Zanzibar.

    She also previously served as a minister for youth employment, women and children, and has spoken publicly to encourage Tanzanian women and girls to pursue their dreams.

    Source: BBC
  • Since independence, I have constructed more train infrastructure than any other official – Akufo-Addo

    According to President Nana Akufo-Addo, “I want to put on record that more building work has taken place in the railway sector over the previous five years of my administration than at any time since independence.”

    When he opened the Afienya Road Over Bridge on Tuesday, December 6, 2022, a crucial piece of the new 97.7-kilometer standard gauge railway line from Tema to Mpakadan railway project, he declared: “We have laid a solid foundation, which will receive an even greater impetus by the end of my tenure in 2025.”

    I will not waver in my support for the creation of a brand-new, high-quality rail system, he declared.

    Commissioning of Afienya Road Over Bridge Project

    Posted by Nana Addo Dankwa Akufo-Addo on Tuesday, December 6, 2022

    Describing the project as “a brainchild of the first NPP Government of 2001 – 2009, when the highly respected Christopher Ameyaw Akumfi was Minister for Harbours and Railways”, President Akufo-Addo explained that it was conceived to create a multimodal transportation network, involving road, rail and lake transportation, which will facilitate the haulage of cargo and the movement of people from the southern part of the country to the northern sector, through a mix of intermodal transport systems.

    With the current transportation of domestic freight and transit freight between Accra, Tema and northern Ghana, and further to Burkina Faso, Mali and Niger, being essentially road-based via Kumasi, Tamale, Bolgatanga, Navrongo and Paga, the President stated that the over-dependency Ghana’s road network, coupled with the lack of other transport alternatives, particularly between Accra and Kumasi, resulted in congestion, rapid deterioration of roads, and increases in road accidents.

    It is for this reason, according to the president, that the then-Ministry of Harbours and Railways, in June 2007, commissioned a feasibility study for a multi-modal transport link between Tema and Buipe, through the Volta Lake.

    “The study was successfully completed in 2009, stressing the economic, financial and operational feasibility of the multi-modal freight corridor. Subsequently, the 6th Parliament, at the 14th Sitting of its Third Meeting, held on Monday, 31st October 2016, approved, by resolution, both the Credit Facility and the Commercial Agreement between the Ministry of Finance and the EXIM Bank of India, with AFCONS Infrastructure Ltd., also of India, as the contractor for the project,” he stated.

    The project, the president told the gathering, will address the imbalance between transport modes for long-distance transit and domestic freight movements from Accra/Tema northwards, and vice versa using the Volta Lake Transport System.

    “In particular, existing port operations at the Tema Port will be improved, resulting in reduced vessel waiting time, and container dwelling time, which will improve the competitiveness of the Port, as well as lead to a reduction in freight transport costs, and enhance safety,” he added.

    Transporting freight and transit cargo, via the Lake Transport System, President Akufo-Addo, reiterated will reduce the cost of the shipment and, by extension, reduce the cost of doing business in Ghana.

    “Not only will it increase transit cargo volumes through the Lake, but will also expand domestic shipments to and from the Lake, and will serve as a boost for agricultural enterprises within the environs of the Lake,” he added.

    President Akufo-Addo also inspected some of the ongoing works at the Afienya Railway Station, as well as the works on the track, inspected work on the Volta Rail Bridge over the Volta River to assess the status of work.

    “I have been assured by the contractor that the few outstanding works remaining on the project will be completed and the project handed over to Government for operations within the first half of next year,” he added.

  • External causes are behind the current economic difficulties – deputy finance minister

    Dr. John Kumah, deputy minister of minister, has insisted that external forces are mostly to blame for the nation’s current economic difficulties.

    He claims that the aforementioned external causes have had an effect on the country’s debt situation and have forced the government to implement a debt restructuring scheme.

    The deputy finance minister claimed in an interview with Citi TV in Accra that the outbreak of the Coronavirus pandemic and the Russia-Ukraine war in the previous two years were to blame for the worsening of Ghana’s financial condition.

    “We got here through very difficult global circumstances. The economy was doing well before COVID-19 struck and when Covid came, it did not only hit Ghana, it hit the entire world and there were disruptions in supply chains, the introduction of lockdowns, and things generally became expensive, and even now that we are out of the pandemic, one of the symptoms of COVID-19 in every country is high inflation rates. In Ghana, for example, we have seen how inflation levels have shot up from 12 percent to 40.4 percent in October,” he is quoted by Citinewsroom.com

    “Unfortunately, we were further hit in 2022 by the needless war in Russia and Ukraine which affected energy and that has led to increases in the prices of fuel at the pumps. The ‘trotro’ driver has to pay more and translated that into increases in fares for passengers and for everyone,” the deputy finance minister added.

    Touching on the proposed debt exchange programme, Dr. John Kumah said the decision was arrived at as part of requirements with the International Monetary Fund to access an economic support programme.

    “Any objective observer will tell you that, globally, we are heading toward a recession and that means further difficult situations for everyone, so we have to do something and that is why Ghana is making processes to get a program with the International Monetary Fund (IMF) and one of the conditions to meet the Fund’s program is debt sustainability.”