Author: Chris Kodo

  • Avoid non-essential travel to Abuja – Foreign Affairs Ministry advises Ghanaian travellers

    The Ministry of Foreign Affairs and Regional Integration has advised Ghanaians not to visit Abuja, Nigeria, unless it is absolutely necessary.

    This announcement comes after local Abuja authorities raised concerns about security.

    The ministry claims that hotels operating in residential structures in Abuja have been ordered to close due to the significant risk of terrorism, crime, intercommunal violence, armed attacks, and kidnappings.

    According to a statement made by the Foreign Affairs Ministry and seen by GhanaWeb, Ghanaians who decide it is worthwhile to visit Abuja must exercise caution.

    Meanwhile, the ministry said it will monitor the situation and provide updates to the public when the situation in Abuja improves.

    “The Ministry of Foreign Affairs and Regional Integration wishes to inform the travelling public about security developments in Abuja, Nigeria and the subsequent directive by local authorities to hotels operating in residential buildings to shut down. Accordingly, the public is advised to avoid non-essential travel to Abuja due to the unpredictable security situation in the city and the high danger of terrorism, criminality, inter-communal conflict, armed attacks and kidnappings,” part of the statement read.

    “Whilst advising travellers who must travel out of necessity to Abuja to take precautionary measures, the Ministry will continue to monitor the situation and provide updates to the public when the situation improves,” it added.

    Read the Foreign Affairs Ministry’s press statement below;

  • Ofori-Atta got irritated over Anas’ ‘money gift’ in Dubai – Report

    The embattled minister of finance, Ken Ofori-Atta, was reportedly annoyed by an attempt to give him money as a gift from some alleged investors who were actually members of Anas Aremeyaw Anas’s undercover investigative journalism team.

    The Tiger Eye P.I. investigators, according to a report seen by GhanaWeb, pretended to be investors who wanted to invest in Ghana and needed to meet the Finance Minister to explore opportunities and other aspects of establishing up in Ghana.

    The report states that the investigators previously met with Charles Adu Boahen, Ofori-deputy, Atta’s in a hotel suite in the United Arab Emirates, UAE, back in 2018. There, the now-fired Adu Boahen was paid money in exchange for facilitating access for the investors to people like Vice President Mahamudu Bawumia, who allegedly accepted a US$200,000 “appearance fee” to meet investors.

    Following their discussion with them, they went on to briefly meet Ofori-Atta in the Dubai airport as he was traveling to Tokyo for work.

    According to the report, the minister was irate because neither he nor his PA received the financial gift from the Tiger Eye P.I. team.

    “After the meeting with Charles Adu Boahen, Tiger Eye P.I., was not satisfied and wanted to trap the bigger fish, Finance Minister, Ken Ofori-Atta.

    “They were to have their chance, they thought when after several attempts Mr. Ofori-Atta agreed to meet them at the airport in Dubai on transit to Tokyo, Japan,” Asaase radio reportage stated.

    “In the company of his then Personal Assistant (PA), Michael Bediako, Mr. Ofori-Atta met the supposed investors (investigators) at the Dubai terminal hotel (Dubai International Airport) on 5 April 2018 at around 6:30 am.

    “Mr. Ofori-Atta was informed the meeting was with the Chairman of Al Baraka Islamic Bank of Bahrain, whose interest was to invest $500m to set up an “ethical” bank in Ghana.

    “The meeting, per our checks, lasted some five minutes. Ken Ofori-Atta left very irritated when he was offered a “gift”, which he refused to accept, and walked out with his PA who was also offered a gift that was rejected as well,” the report added.

    Anas Aremeyaw Anas’ latest ‘Galamsey Economy’ exposed Charles Adu Boahen, the dismissed Minister of State at the Finance Ministry over an alleged corruption scandal.

    Anas in a post on his Facebook timeline hours before the showing of the ‘Galamsey Economy’ film noted that the minister made some shocking revelations to his team in a hotel in UAE, when they posed as possible investors to Ghana.

    Adu Boahen among other things alleged that Bawumia will require about USD200,000 as an appearance fee from an investor to get his backing and influence in establishing a business in Ghana.

    “You mean, like appearance fees and stuff?” the investigators asked, to which Adu Boahen responded: “I mean he, himself (the Vice President), if you give him some (USD) 200,000 or something as a token, as thank you, appreciation, that’s fine. He’s not really, he’s not really (like) that. All he needs is to worry about his campaign money in 2020.”

    But Dr. Bawumia in a statement on Monday, November 14, denied the accusations and called for an investigation into the allegations.

  • Doctors demand 40% of basic salary as incentive to be posted to deprived areas

    A survey conducted by the government reveals that medical doctors are demanding 40 percent of basic salaries as an incentive allowance for acceptance of posting to deprived communities in the country.

    This was revealed in a probe conducted by consultants of the Ministry of Health to identify the appropriate factors for the retention of medical doctors posted to rural areas.

    The Ministry bemoans that out of 10 doctors posted to the Oti Region, only one reported to work.

    Answering a question posed by the Member of Parliament for Builsa South, Dr. Clement Apaak, the Health Minister, Kwaku Agyeman Manu said the recommendations of the survey are under review for onward action.

    “Mr. Speaker, a survey has been conducted to solicit the views of health workers on measures to attract and retain them to work in deprived areas. From the survey, the willingness of health workers to accept posting to any of the deprived areas is based on financial and non-financial incentives.”

    “They recommended non-financial incentives such as scholarships, accommodation defined by existing policy, standard medical equipment, and transfer after 3 to 5 years upon request. Again, financial incentives include 34% basic salary as an incentive for mild deprived areas, 38% as basic allowance for moderate deprived areas, and 40% basic salary as incentive allowance for severely deprived areas.”

    Source: Citinews

  • People around Akufo-Addo afraid to tell him the truth – Dr Nyaho-Tamakloe

    Ghanaian statesman, Dr Nyaho Nyaho-Tamakloe is disappointed in the way President Akufo-Addo has managed the country’s affairs.

    According to the politician, the personalities surrounding the president have not done much in pushing the country in the right direction.

    For him, the downturn the country is currently experiencing is a testament to the fact that the President’s disciples have contributed little in nudging the President toward national development.

    “These are people who are afraid to tell him exactly what is happening. This has happened to a lot of Presidents in this country. If Nana Addo will listen, I’m sure the way he is going right now he will never go there,” he added.

    Speaking to JoyNews, Dr Nyaho-Tamakloe insisted that his advisors and helpers have failed to tell him the true situation.

    Dr Nyaho-Tamakloe says that if the President were abreast of all the issues, persons accused of corruption under his watch should have been axed by now.

    “People have been accused of several things, there have been infractions all over since Akufo-Addo came to power, what has been done to them?” he asked.

    “I know Nana Addo was not like that, so what has happened? I’m surprised. The Nana Addo that I knew is not the one that is ruling Ghana now,” he told JoyNews‘ Benjamin Akakpo.

    So far he believes the country has retrogressed under the Akufo-Addo administration adding that the President and his cohorts are to blame.

    He listed a number of people who could have coerced the President in the right direction if given the chance.

    They conclude; “Charles Brobby, myself, Kwesi Pratt. There are people who will tell him exactly what is happening.”

    Source: Myjoyonline

  • World Cup 2022: Here are the top five games to watch in the Group stage including Ghana vs Uruguay

    The much-anticipated 2022 World Cup will kick start this weekend, with 32 countries set to battle it out for the covetous trophy in Qatar.

    These are some tough games to watch in the group stages of the tournament in the Asian country including the Black Stars and Uruguay.

    First, the Group A match between Qatar and Ecuador (1:00 a.m. on the 21st, Korea time), which will be held as the opening match, was selected

    1.Qatar vs Ecuador:  

    First, the Group A match between Qatar and Ecuador has been selected because it is the opening game of the tournament.

    2. Argentina and Mexico:

    It is the first confrontation between strong teams from each continent in the group stage.”

    Argentina and Mexico are drawn in Group C along with Saudi Arabia and Poland.

    3. Germany vs Spain- November 28

    The battle between the two European giants will be the best group stage match between the 2014 World Champion and the 2010 World Champion Spain.

    4. Iran and the United States will be playing in Group B on October 30.

    This is also a result of the two countries’ political ties.  Iran defeated the United States 2-1 in their group stage match up at the 1998 World Cup in France.

    5. Ghana vs Uruguay game- December 3

    Ghana were denied a semifinal berth at the World Cup courtesy of a Luis Suarez handball incident in the quarterfinals of the 2010 World Cup in South Africa.

    The former Liverpool and Barcelona forward prevent a goal-bound header from Ghana’s Dominic Adiyiah in the final minute of extra time at the Soccer City Stadium in Johannesburg.

    Suarez essentially produced a save on the line worthy of a goalkeeper and he was shown a straight red card as a result.

    Ghana were also awarded a penalty, but Asamoah Gyan’s attempt from 12 yards crashed into the crossbar, which resulted in Suarez going mental on the touchline and sent the game to a shootout.

    Uruguay won the penalty shoot-out to progress to the semifinals with Luis Suarez celebrated for his demonic act.

    This means, the two teams clash will be a difficult one at the tournament.

  • TOR yet to process crude; 8 months after new MD, board appointment

    Despite the appointment of a new Managing Director and Board eight months ago, the Tema Oil Refinery (TOR) has not yet started processing crude oil again.

    On March 2, 2022, the company’s board of directors and current managing director, Jerry K. Hinson, were appointed. However, eight months later, the Institute for Energy Policies and Research (INSTEPR), a think tank for energy policy, says the situation is becoming worrying because the refinery has yet to resume operations or even map out a path to do so.

    “The question on the minds of most Ghanaians is, why is Tema Oil Refinery not working? In recent months there have been over 150 percent increase in prices of petroleum products,” Kwadwo N. Poku, INSTEPR’s Executive Director lamented.

    He said rising cost of fuel products has brought immense hardship on the average Ghanaian through the increase in the prices of goods and transport. With a capacity to process 45,000 bpsd, he said the refinery, if revived could help cushion consumers against fuel prices.

    He explained that it was high time the country prioritised processing crude locally, since imports only contribute to high fuel prices, currency depreciation and ultimately, economic hardship.

    “The premier oil refinery can reduce the importation of petroleum products including LPG (cooking gas) and provide job security to the hundreds of technical staff if revived. TOR until April 2021, had a tolling business model which was started by Isaac Osei with Woodfields Energy Resources. This business sustained the refinery with cashflow until the contract was frustrated and not renewed without any substitute arrangement.

    “Today, the problems at the refinery are as it was five years after the explosion that reduced its refining capacity from 45,000 bpd to 23,000 bpd,” the think-tank said.

    The last time the TOR refined crude oil was in April 2021, just before the appointment of the Interim Management Committee (IMC) on June 15, 2021, which was later replaced by a permanent MD and board.

    But even before the new current MD and board took office, the Energy Minister, Dr. Mathew Opoku Prempeh, at the inauguration of the MIC, tasked it to, among other things, receive and assess viable partnerships towards reviving TOR.

    Although the three member IMC was at TOR for nine months, INSTEPR said no progress was recorded during the period, as there was neither procurement nor refining of crude.

    “INSTEPR, in several publications, questioned the work of the IMC and felt they did not perform according to their scope of work. A new Managing Director, Jerry K. Hinson and board of directors were appointed on March 2, 2022. The refinery, eight months after the new board, has still not refined a single parcel of crude oil. A situation which is becoming very worrying to industry experts,” Mr. Poku further noted.

    Need for action

    The government, the majority shareholder in the refinery, according to INSTEPR, has been quiet on any plans to get the refinery working to cushion the suffering of Ghanaians.

    “The cost to revamp TOR and provide capital for its operations is estimated at US$500 million. We all know Ministry of Finance does not have this money especially under the watchful eyes of the International Monetary Fund (IMF). The Institute in consultation with other civil society organization and industry experts will organize a forum to engage government to find a lasting solution to the TOR problem. We cannot allow a national asset like TOR to collapse and turned into a tank farm, as proposed by others in the past,” he added.

    Way forward

    INSTEPR outlined a number of measures to solve the problems at Tema Oil Refinery. They included fixing TOR’s Crude Oil Distillation Unit (CDU), which is currently out service, to increase its capacity from the 23,000 bpsd to 45,000 bpsd, along with its Residue Fluid Catalytic Cracking (RFCC), which has also been down for some time now, as well as security measures to stop the theft of products.

    Mr. Poku also believes that hydrotreating catalysts and technologies should be installed for all crude oil fractions, enabling the refinery to meet 50 ppm or lower specification, while a gas pipeline (less than 1KM) to power the refinery, should be constructed so as to stop the refinery from using expensive crude oil for power.

  • World Cup 2022: South Korea targets Ghana’s lack of experience

    Out of the 32 teams competing in the competition, Ghana has the lowest ranking (#61), and South Korea believes they may take advantage of Ghana’s inexperience.

    On Monday, Ghana confirmed the final 26-man World Cup squad. The inclusion of new players such as Athletic Bilbao forward Inaki Williams and Brighton defender Tariq Lamptey is typical of a team with new additions and a lack of major tournament experience.

    Williams has five goals in the 2022/2023 Spanish La Liga. Lamptey formerly represented England’s under-21 national team. Experienced players include Al Sadd’s Andre Ayew, Crystal Palace’s Jordan Ayew, and Arsenal’s Thomas Partey. There are just two players in the domestic league. There are 24 players competing in big and local European leagues.

    The player with the most appearances for the national team is Andre Ayew 107. Followed by, Jordan Ayew 82, defender Abdul Rahman Baba 47, and Daniel Amartey 43. The average age is only 24.7 years old, there are three players in their 30s.

    Ghana’s key player has been labeled as Thomas Partey. He has excellent passing range and long-range shooting. He has been a member of Arsenal since 2020. Until this season, he has played 59 Premier League games in two and a half seasons, scoring four goals. Thomas Partey was named Ghanaian player of the year in both 2018 and 2019.

    South Korea is in Group H with Ghana, Portugal, and Uruguay. South Korea will play the Black Stars of Ghana on the 28th of November at the Education City Stadium.

  • World Cup 2022: It was not easy for me to call players and tell them they didn’t make Ghana’s final squad – Otto Addo

    Ghana head coach, Otto Addo has disclosed that it was not easy for him to inform players of his decision to exclude them from his final 26-man squad for the 2022 FIFA World Cup.

    Before selecting his 26-man squad, coach Otto Addo submitted a squad of 55 players to FIFA as his provisional list.

    On Monday, he announced his final squad for the Black Stars’ campaign at the world cup during a press conference in Accra.

    Speaking to journalist, Coach Otto Addo noted that he was not faced with any challenge in selecting the squad.

    However, he said it was tough for him to break the news to players he omitted from his squad.

    “Announcing the final squad was not a big deal. The big deal was calling of the players to tell them they were not part. For me that was the worst part,” Coach Otto Addo told journalists at the press conference.

    Ghana at the 2022 FIFA World Cup will be one of five African countries representing the continent.

    The Black Stars will compete in Group H of the group stages of the tournament. In that group, Ghana will battle it out with two-time champions Uruguay, as well as European giants Portugal.

    The other group opponent is South Korea from Asia.

    While the 2022 FIFA World Cup will commence on Sunday, November 20, Ghana’s Black Stars will play their first match on November 24.

    Subsequently, Ghana will take on South Korea on November 28 before finishing the group stages campaign with a rematch against Uruguay.

  • Sperm count is declining at accelerating rate worldwide: study

    Sperm count among men worldwide is falling at an accelerated rate after halving over the last 40 years, a large new study said Tuesday, calling for action to stop the decline.

    The study, led by Israeli epidemiologist Hagai Levine, updates 2017 research which had come under scrutiny for only including North America, Europe, Australia and New Zealand.

    The new study includes data from more than 57,000 men collected over 223 studies across 53 countries, making it the largest meta-analysis ever conducted on the subject.

    With the additional new countries, it confirmed the 2017 finding that sperm counts have halved over the last four decades.

    Between 1973 to 2018, the concentration of sperm in men not known to be infertile fell by more than 51 percent, from 101.2 million to 49 million sperm per millimetre of semen, the new study found.

    “Furthermore, data suggest that this worldwide decline is continuing in the 21st century at an accelerated pace,” said the study published in the journal Human Reproduction Update.

    Sperm counts are dropping at a rate of around 1.1 percent a year, the research found.

    More action and research is urgently needed “to prevent further disruption of male reproductive health,” it added.

    ‘We genuinely don’t know why’

    Sperm count is not the only factor that affects fertility — the speed of sperm movement, which was not measured in the study, also plays a crucial role.

    And the lower sperm concentration of 49 million is still well above the range considered “normal” by the World Health Organization — between 15 million and 200 million sperm per millilitre.

    Sarah Martins da Silva, an expert in reproductive Medicine at Scotland’s University of Dundee not involved in the study, said it showed that the rate of decline in sperm count has doubled since 2000.

    “And we genuinely don’t know why,” she added.

    “Exposure to pollution, plastics, smoking, drugs and prescribed medication, as well as lifestyle, such as obesity and poor diet, have all been suggested to be contributory factors although effects are poorly understood and ill-defined.”

    Other experts said the new study did not resolve their scepticism about the 2017 research.

    “I remain concerned about the quality of the data in the papers that were published, particularly in the far past,” on which the analysis is based, Allan Pacey of the UK’s University of Sheffield told AFP.

    While hailing the “very elegant meta-analysis”, Pacey said he believed we have “simply gotten better” at the difficult task of counting sperm, which could account for the falling rates.

    But Martins da Silva dismissed critics of the study’s results, saying that “the numbers and consistent findings are difficult to ignore”.

    Source: France24

  • Mark-to-market: Your investments are safe – SEC assures

    In response to criticism of its order requiring fund managers to use the Fair Value through Other Comprehensive Income, or mark-to-market valuation approach of portfolios, the Securities and Exchange Commission (SEC) has taken action to reassure investors in the fixed-income segment of the market that their holdings are safe.

    By establishing “a fair and transparent playing field so that both investors and operators are safeguarded,” the securities industry regulator claims that the action aims to protect all types of investors as well as the integrity of the market.

    In a recent media interaction, Director-General of the SEC, Daniel Ogbarmey Tetteh, explained that fund managers have witnessed a sharp increase in redemption requests, fuelled by the prevailing high-interest rate regime as well as a desire to seek safety in alternate asset classes such as currency and precious metals.

    This, he said, elevated the need for fund managers to sell – at a loss – securities which would otherwise have been held to maturity.

    “The SEC has taken note of the current high-interest rate environment in Ghana with its adverse effects on liquidity in the secondary market for bonds, and high clients’ redemption requests; necessitating the sale of investment securities ordinarily designated as held to maturity,” the Commission’s directive read in part.

    “In the situation such as we have currently, wherein interest rates have gone up and bond prices have fallen, if you do not mark-to-market and investors want to exit for whatever reason, perhaps due to panic, you do not let the investor see the investment’s value currently as it does not reflect current market conditions,” Mr. Tetteh added.

    In an interview with the B&FT, the President of the Ghana Securities Industry Association (GSIA), Winston Nelson, noted that although investors are jittery about the new market valuation directive, it remains the best way to go… given the state of the market. This should protect investments and the entire market.

    “We think it is the right thing to do. It is better now than having to kick the can down the road and resolve it later. Although the market will be jittery, it is the way to go. If the bond prices recover, investors will now make better gains,” Mr. Nelson said.

    “We believe that, technically, this should have happened much earlier; especially when bond prices started trending down.

    “Previously, because the coupons and prices were around the same level, the mark-to-market was not a big feature because the bond prices and coupon rates were close. But now that yields are on the ascendency, the bond prices are dropping; hence, it is important that the portfolios are marked to the market,” he said.

    Unrealised gain vs unrealised loss

    The SEC boss further stated that while investors risk losing a portion of their holdings due to current market conditions – a phenomenon that is accurately captured through the mark-to-market model, it does not amount to a ‘haircut’ with investors better-off holding closer to maturity.

    “What people need to understand is that there is a difference between unrealised gain and unrealised loss. For instance, if I have invested GH¢100,000 and today the fund manager shows me that based on market conditions the value has dropped to GH¢90,000; if I stay put and I do not panic and check out, and the market corrects – which it does in the long-run – I do not realise the loss. It is a loss on paper; but if I panic and leave, then I lock-in and make the loss a reality and the mark-to-market method makes this very clear… It is far different from the conversation on haircuts, as this is just asking for a fair, transparent method for everyone to see the true value of these assets,” he stated.

    The SEC has directed stakeholders – Fund Managers, Custodians and Trustees – to obtain prices available from the Ghana Fixed Income Market (GFIM) for all listed fixed income securities to enable pricing of securities to reflect market values.

    “The Ghana Fixed Income Market (GFIM) shall make available end-of-day prices for all fixed-income securities in 2023. In the interim, Fund Managers, Custodians and Trustees are directed to use average prices published by GFIM to mark-to-market their fixed-income securities. Unlisted securities shall be valued periodically, taking into account market movements, contractual cashflows and recoverability of the underlying assets.”

  • PHOTOS: Black Stars wrap up preparations for friendly against Switzerland before trip to Qatar for World Cup 2022

    The Black Stars of Ghana have held a final training session today, Wednesday, November 16, to wrap up preparations for the friendly match against Switzerland on Thursday.

    The Ghana national team is currently in Abu Dhabi for a short training camp before making the trip to Qatar for the start of the 2022 FIFA World Cup.

    Yesterday, the team trained to begin preparations for a scheduled friendly match against Switzerland.

    Today, the team under the guidance of head coach Otto Addo and his technical team has held another training session.

    All is now set for the friendly against Switzerland which is expected to help the coach to know his starting eleven for the upcoming world cup.

    Below are pictures from today’s training:

       

    Ghana at the 2022 FIFA World Cup will be one of five African countries representing the continent.

    The Black Stars will compete in Group H of the group stages of the tournament. In that group, Ghana will battle it out with two-time champions Uruguay, as well as European giants Portugal.

    The other group opponent is South Korea from Asia.

    While the 2022 FIFA World Cup will commence on Sunday, November 20, Ghana’s Black Stars will play their first match on November 24.

    Subsequently, Ghana will take on South Korea on November 28 before finishing the group stages campaign with a rematch against Uruguay.

  • We will do business with anyone else but Ofori-Atta – NPP MPs renew calls for removal of Finance Minister

    Some members of the ruling party in parliament have declared they will boycott any government transactions carried out by Ken Ofori-Atta.

    They declared that they wanted the finance minister fired.

    Andy Appiah-Kubi, a member of parliament for Asante Akyem North and spokesperson for the group of MPs calling for the dismissal of Ofori-Atta, declared that they would boycott the November 24 budget presentation if the Finance Minister is not dismissed.

    He declared: “We’ve returned to (our request that the President fire him), therefore should the budget be submitted with the Finance Minister’s seal, we won’t take part because, in our opinion, we’re never going to do business with him.”

    “And if we’re not going to do business with him, he does not participate in any process from the Presidency to the House. We will not participate in deliberations too,” he is quoted by myjoyonline.com.

    He added that the MPs would do business with anyone else apart from Ofori-Atta.

    “We’re not saying we won’t do President’s business. We’re saying we won’t do President’s business through Ofori-Atta. So if anybody else comes with President’s business, we’ll participate,” he said.

    Calls for the removal of the Finance Minister have intensified as the ad-hoc committee sat yesterday November 15 to probe Ofori-Atta.

    After hours of debate, the Finance Minister is set to report back to the committee on Friday.

  • MoMo agents milking government’s expected E-Levy proceeds — Research

    According to research by the Centre for Economics, Finance, and Inequality Studies (CEFIS), the 1.5% fee is a major reason why many Ghanaians choose not to pay tax on electronic transactions over GHS100.

    This creates space for Mobile Money (MoMo) merchants, the number of whom has been rising, to “milk” the government of anticipated revenue from the Electronic Transactions Levy (E-levy), as merchants bargain with clients for a charge, forcing them to avoid paying tax.

    According to the Bank of Ghana’s (BoG) 2021 Payment Systems Oversight Annual Report, the overall number of active mobile money users climbed by 2.4% year over year, while the number of active mobile money agents increased by 29%.

    Some MoMo merchants in Accra who spoke on anonymity with the Ghana News Agency as well as mobile money users admitted going into such agreement to avoid paying taxes, especially on transactions amounting to GHS1,000 and above.

    The merchants said some people deposit money to recipients through them to avoid the payment of the E-levy, while others allowed cash-out from their end instead of transferring the money to the recipients directly and paying the corresponding tax.

    The Electronic Transactions Levy Act, which was introduced in May 2020, comes with a 1.5 per cent charge on transactions exceeding a cumulative GHS100 per day in addition to charges by service providers (MTN and AirtelTigo).

    The tax handle is to shore up Government’s revenue, which the study noted a reduction of the rate from the 1.5 per cent to 0.5 per cent would make existing active users patronise MoMo transactions.

    The revenue from the E-levy is to support the Government’s YouStart entrepreneurship programme, digital infrastructure, and cybersecurity, and increase Ghana’s tax-to-GDP ratio to 20 per cent by 2024 for national development.

    CEFIS observed that “in many commercial transactions, the parties involved negotiate based on a ‘gentleman’s agreement’, where the sender deposites cash into the wallet of the receiver through a MoMo merchant account to avoid the payment of its corresponding e-levy charge.”

    Prof Anthony Amoah, a co-author of the study, who spoke to GNA, said: “We observed that consumers have created a gateway to avoid the tax, giving that tax avoidance is not criminal.”

    He said that the strategy of using the e-levy as a conduit to get the informal sector to contribute to national revenue had failed, as the informal sector, the most active group, was exploiting the loopholes.

    “Those who do transactions like GHS50 and GHS100 are already exempted from paying the tax but those who pay above the cumulative GHS100 are avoiding it and it’s actually those who are doing bigger transactions that do it more,” he said.

    Prof Amoah added that: “This means that it is the agent that benefits and not the Government, and we found that the number of agents is going up because it’s more profitable to be in that business, but it is very discouraging to the Government.”

    “If the Government reduces the rate from the 1.5 per cent to 0.5 per cent and people don’t feel the impact, then you’re going to rake them in,” Prof Amoah, who is a Development Economist, said.

    The evidence from the simulations suggested that if the levy was revised to 0.5 per cent, and 54 per cent of the existing active users patronised MoMo transactions, the expected revenue for 2022 would be GHS2,640,600,000.81.

    That revenue would rise by 21.4 per cent to yield GHS3,205,688,401.01 in 2023, and in 2024, reach GHS3,635,234,306.60, and by 2025, the projected revenue from e-levy would reach GHS4,043,980,051.74.

  • World Cup 2022: Black Stars hold final training in Abu Dhabi ahead of Switzerland clash

    Black Stars held their final training session ahead of their pre-World Cup friendly against Switzerland on Thursday in Abu Dhabi.

    The West African powerhouse will engage the European country before the start of the 2022 World Cup in Qatar.

    Ghana who are returning to the global showpiece will be hoping to make impact despite being paired in what seems to be a ‘Group of Death’.

    The team pitched camp in Abu Dhabi on Monday, where 23 players reported to camp to begin preparation for the friendly and the World Cup tournament.

    But on Tuesday, 25 players participated in the teams training in the Asian following the arrival of Kamaldeen Sulemana and Alexander Djiku.

     

    Otto Addo and his charges held their final training session on Thursday afternoon ahead of their clash with Switzerland.

    Ghana will open their campaign against Portugal on November 24 at Stadium 974 in Doha.

    Four days later, the Black Stars return to action with a clash with South Korea at the Education City Stadium in Al Rayyan.

    Ghana will wrap up their group stage adventure with their much-anticipated encounter with Uruguay at Al Janoub Stadium in Al Wakrah.

    The Black Stars having missed out in the last edition hosted in Russia in 2018 will be hoping to improve their performance in Qatar after exiting the group phase during the 2014 World Cup in Brazil.

    Only three sides from the continent have ever progressed to the quarter-finals; Cameroon in 1990, Senegal in 2002, and Ghana in 2010.

    Ghana will be hoping to progress from the group stage at this year’s tournament.

  • Mother sparks controversy after having 9-year-old daughter undergo plastic surgery

    A Japanese mother has come under fire for having her 9-year-old daughter undergo double eyelid surgery in order to become more beautiful.

    In Japan, plastic surgery is legal for anyone under the age of 18, as long as they have the consent of their parents or a legal guardian, and according to a recent report by VICE Asia, some parents are actually encouraging their children to undergo cosmetic procedures in order to enhance their physical appearance. In a recent episode of its “Deadly Beauty” series, the online magazine featured Rucchi and Micchi, a Japanese mother-daughter duo whose YouTube channel focuses on makeup and plastic surgery. In order to help her 9-year-old daughter become more beautiful, Rucchi had her undergo a blepharoplasty operation, aka double eyelid surgery.

    “A girl needs double eyelids,” Rucchi can be heard saying in the VICE video. “I have never seen a girl with monolids who I thought was pretty. Double eyelids are beautiful. Double eyelids are the beauty standard. I say this again and again.”

    The woman said that ever since she herself was a little girl, she knew that monolids were considered ugly. Every time she and her sister walked through the neighborhood, her sibling always received compliments on her big, beautiful eyes, while she was simply ignored because of her monolids. She underwent a double eyelid surgery when she was 18, but the childhood memories stuck with her, and she wanted to give her daughter an early advantage.

    Rucchi paid $2,850 for her young daughter’s surgery, which required getting a surgical cut on the creases of her eyelids and trimming the sagging skin. It was supposed to take only around 20 minutes, but due to complications, the 9-year-old girl ended up spending around 2 hours on the operating table.

    As for Micchi, the 9-year-old told VICE that she went through with the surgery because people always told her that her eyes were “narrow, so it looked like I was glaring at people”. Still, she claims that her life hasn’t really changed since she had the blepharoplasty.

    Rucchi, on the other hand, said that people always compliment her daughter and tell her that she looks much cuter now. The Japanese mother added that she wants Micchi to also have a nose job at some point, and if she ever because insecure about her chest size, she would encourage her to undergo breast augmentation as well.

    Rucchi’s stance on plastic surgery for her young daughter has attracted quite a lot of criticism, both from the general public, and from experts who claim that parents like her project their own insecurities onto their children.

    Source: Oddity Central

  • Chelsea youngster Conor Gallagher praises Ghanaian forward Callum Hudson-Odoi

    England midfielder, Conor Gallagher has heaped praise on Chelsea teammate Callum Hudson-Odoi.

    According to him, the England-born winger who is of Ghanaian descent is an incredibly talented player.

    Opening up on his time with Callum Hudson-Odoi while growing up in the academy, Conor Gallagher said he always admired the winger for the enormous talent he displayed.

    “Callum Hudson-Odoi was someone I played with at Chelsea and I grew up with him. He was always an incredible talent,” Gallagher shared.

    Unfortunately, the incredibly talented Callum Hudson-Odoi is not going to the world cup.

    Meanwhile, Conor Gallagher who has excelled in the English Premier League since last season has been named in the England final 26-man squad for the mundial in Qatar.

    He is one of a number of Chelsea players including Mason Mount and Raheem Sterling who has been named in the England final squad for the 2022 FIFA World Cup.

    The much-awaited tournament is scheduled to start in Qatar on Sunday, November 20.

  • World Cup 2022: Football star Sulley Muntari happy about Black Stars return to global tournament

    Former Ghana midfielder Sulley Ali Muntari has expressed his delight about the Black Stars return to the World Cup.

    Ghana is returning to the global showpiece after missing out in Russia 2018, where France emerged as winners.

    The West African powerhouse has been housed in Group H against Portugal, Uruguay and South Korea.

    According to the former Inter and AC Milan star, he is overly excited about the Black Stars return to the global showpiece considering the four-time African champions pedigree in the game.

    “With Ghana, everyone expects us to always be at the World Cup so if you don’t make it to the World Cup they are not happy, not only here but the whole part of the World”

    “So we are really happy that we are in the World Cup now and we just pray these guys will go and really do well for us” he said.

    Ghana will open their campaign against Portugal on November 24 at Stadium 974 in Doha.

     

    Four days later, the Black Stars return to action with a clash with South Korea at the Education City Stadium in Al Rayyan.

    Ghana will wrap up their group stage adventure with their much-anticipated encounter with Uruguay at Al Janoub Stadium in Al Wakrah.

    The Black Stars having missed out in the last edition hosted in Russia in 2018 will be hoping to improve their performance in Qatar after exiting the group phase during the 2014 World Cup in Brazil.

    Only three sides from the continent have ever progressed to the quarter-finals; Cameroon in 1990, Senegal in 2002, and Ghana in 2010.

    Ghana will be hoping to progress from the group stage at this year’s tournament.

  • We are determined to help raise financial literacy to drive inclusion – Ecobank Ghana

    Small and Medium-sized Enterprises (SMEs) run by women have received financial education and training from Ecobank Ghana to handle important day-to-day financial issues such bookkeeping, basic accounting, budgeting, savings, and investments.

    The seminar was held to commemorate Ecobank Day, the bank’s annual flagship CSR initiative that aims to give back to the communities where it lives, works, and serves.

    The focus of this year’s Ecobank Day, according to Ecobank Ghana’s Managing Director, Mr. Dan Sackey, was increasing financial literacy and financial inclusion, especially for women and young people in underserved communities.

    According to him, financial inclusion means having access to practical and reasonably priced financial products and services, such as payments, savings, loans for individuals and small businesses, and insurance, to satisfy one’s requirements.

    “We take financial inclusion and financial literacy very seriously because we understand that they can change people’s lives. We are determined to help raise financial literacy, which in turn will drive financial inclusion in our local communities.”

    “Ecobank Ghana is committed to playing an important role in our communities as a meaningful contribution to the development of the African continent, in line with our overall corporate vision”, he said.

    He continued by saying that financial inclusion and financial knowledge were crucial enablers for lowering poverty and increasing prosperity.

    He said that the Ecobank family in Ghana hosted four simultaneous events in Accra, Kumasi, Takoradi, and Tamale to provide people in the SME sector with information and skills to handle their finances properly as part of the bank’s commitment to lowering these numbers.

    Dr. Edward Nartey Botchway, Executive Director and Head of Consumer Banking for Ecobank Ghana, revealed that the training was conducted concurrently in all 33 African nations where the bank has operations under the same theme of “Financial Inclusion For All; Leave No One Behind” throughout the continent.

    According to Dr. Botchway, it wasn’t a one-time thing, and Ecobank would keep working with the participants to help them improve their circumstances in the small and medium-scale enterprise sector by using the knowledge and skills they learned through the program.

    “Without properly documenting and tracking what you are doing, it is impossible to determine how well your firm is performing. Because of it, we consider this training to be important,” he stated

    Source: Myjoyonline

  • We don’t need Ofori-Atta for IMF negotiations – Forensic Accountant

    Awuni Akyireba, a chartered forensic accountant, has asked President Akufo-Addo to fire Finance Minister Ken Ofori-Atta in response to appeals from Ghanaians.

    Because Ken Ofori-Atta is unable to oversee the stability of the cedi and the Ghanaian economy, Ghanaians and Members of Parliament (MP), including some from the majority party, have called for his resignation.

    However, President Akufo-Addo has disregarded these requests, blaming Ofori-continued Atta’s employment on his participation in the ongoing negotiations of a financial aid agreement with the International Monetary Fund (IMF).

    The peeved Mr. Akyireba who argues this is not enough justification to keep an underperforming minister in office, told Samuel Eshun on the Happy Morning Show, “It doesn’t make sense for the President to say Ken Ofori-Atta should finish the IMF negotiations. The minister is disliked by Ghanaians at the moment so how will they appreciate his negotiations? We simply don’t want him and or his negotiations. We place no value on his negotiations and want him gone.”

    The Ghanaian people who he (Ofori-Atta) is representing want him out, and as a minister working for the people, Mr. Akyireba believes his dismissal should not have been dragged.

    The forensic accountant is of the view the Finance Minister is lording himself over Ghanaians, and is pursuing his selfish interest, hence, his decision to remain in office.

  • World Cup 2022: My focus is with the 26 players and not players who are out – Ghana coach Otto Addo

    Ghana coach, Otto Addo says he is focused on his 26-man squad named for the 2022 Fifa World Cup.

    The 47-year-old trainer on Monday named his final squad for the tournament that has been slated for November 20 to December 18.

    The technical team has come under criticism after Jeffrey Schlupp and Joseph Paintsil were dropped from the squad.

    “I think this team that we have assembled is our (technical team) decision and it must be respected and supported by everyone who loves Ghana,” the Dortmund talent trainer said.

    “Many thanks to the Ghana Football Association’s top hierarchy for giving me the space to work on this decision.

    “And what I have decided is based on my key performance index and other factors.”

    Otto Addo when asked about the omission of Crystal Palace Jeffrey Schlupp said: “Our focus is on the team and I have had a chat with anyone we did not name.

    “That’s not how we build a team. The focus should be on the team and not anything else. We are ready to compete and we will do that.”

    Ghana will play Switzerland in a friendly on Thursday in Abu Dhabi.

    The Black Stars who are making their fourth appearance in the Mundial will open its campaign against Portugal on November 24 at Stadium 974 in Doha.

    Four days later, the Black Stars return to action with a clash with South Korea at the Education City Stadium in Al Rayyan.

    Ghana will wrap up its group stage adventure with its much-anticipated encounter with Uruguay at Al Janoub Stadium in Al Wakrah.

    The Black Stars are expected to arrive in Doha on November 19.

    The 22nd edition of the tournament has been scheduled to kick off from November 20 to December 18.

  • World Cup 2022: Here are the salaries of coaches heading to tournament

    The much-anticipated 2022 World Cup will kick start this weekend, with 32 countries set to battle it out for the covetous trophy in Qatar.

    Per a research by Finance Football prior to the start of the mundial, Germany head coach Hansi Flick tops the list as the highest coach per annum going to the World and is followed by England boss Gareth Southgate, France’s Didier Deschamps and Brazil coach Tite in that other.

    Meanwhile, African coaches heading to the World Cup are among the least paid at the tournament.

    No African trainer fall in the top 20 best paid coaches ahead of the tournament in the Asian country.

    Morocco coach Walid Regragui is on £650,000 and is the best paid African coach, placing 23rd position whiles Ghana coach Otto Addo, who is taking home £351,994 as his annual salary is placed on 28th Position.

    Addo is ahead of three other African coaches namely Rigobert Song of Cameroon, Senegal’s Aliou Cissé and Tunisia gaffer Jalel Kadri who are on £299,195, £272,795 and £114,400-per-year respectively.

    The former Ghana international is also ranked ahead of Costa Rica coach Luis Fernando Suarez, who is placed on the 29th spot.

    Addo was appointed in February this year following the exit of Serbian tactician Milovan Rajevac after a shambolic showing at the Africa Cup of Nations in Cameroon.

    The former Dortmund player subsequently guided the Black Stars to secure their qualification for the World Cup in March after overcoming rivals Nigeria in the playoff.

    How much will every manager earn at the 2022 World Cup;

    32. Jalel Kadri | Tunisia | £114,400-per-year

    31. Aliou Cisse | Senegal | £272,795

    30. Rigobert Song | Cameroon | £299,195

    29. Luis Fernando Suarez | Costa Rica | £307,995

    28. Otto Addo | Ghana | £351,994

    27. John Herdman | Canada | £422,392

    Canada boss John Herdman 26. Czeslaw Michniewicz | Poland | £439,992

    25. Zlatko Dalic | Croatia | £483,991

    24. Dragan Stojkovic | Serbia | £571,386

    23. Walid Regragui | Morocco | £650,000 (per Total Sportal)

    22. Gustavo Alfaro | Ecuador | £676,873

    21. Diego Alonso | Uruguay | £755,988

    20. Carlos Queiroz | Iran | £760,788 (per Iran Wire)

    19. Hajime Moriyasu | Japan | £932,008

    18. Herve Renard | Saudi Arabia | £966,961

    17. Luis Enrique | Spain | £1,010,914

    16. Kasper Hjulmand | Denmark | £1,010,915

    15. Roberto Martinez | Belgium | £1,055,038

    14. Gregg Berhalter | USA | £1,098,998

    13. Graham Arnold | Australia | £1,142,957

    12. Paulo Bento | South Korea | £1,142,958

    11. Rob Page | Wales | £1,200,000 (per Total Sportal)

    Rob Page as Wales boss 10. Murat Yakin | Switzerland | £1,406, 718

    9. Fernando Santos | Portugal | £1,978,196

    8. Felix Sanchez Bas | Qatar | £2,110,076

    7. Lionel Scaloni | Argentina | £2,285,916

    6. Gerardo Martino | Mexico | £2,549,675

    5. Louis van Gaal | Netherlands | £2,700,000 (per Total Sportal)

    4. Tite | Brazil | £3,100,000

    3. Didier Deschamps | France | £3,270,000

    2. Gareth Southgate | England | £4,990,000

    1. Hansi Flick | Germany | £5,590,000

  • Michelle Obama: Being kind to myself is a challenge

    Michelle Obama has admitted she struggles with negative thoughts about her appearance and her “fearful mind”, but that women need to “learn to love ourselves as we are”.

    In her new book, the former US first lady reveals she “hates how I look all the time and no matter what”.

    But she has found strategies to be kind to herself, she told BBC Breakfast.

    She said: “I’m still a work in progress and facing myself each morning with something kind is still a challenge.”

    She continued: “I try every day to, as I say in the book, greet myself with a positive message.

    “And it’s really a shame that so many of us, particularly women, have a hard time just looking at our own image and not tearing it apart and figuring out what’s wrong.

    “I think that’s at the core of some of our unease and unhappiness, because if we don’t start out by learning to love ourselves as we are, it’s hard to pass that on to others.

    “So I am working on it every single day.”

    Former US first lady Michelle Obama poses next to her official White House portrait, painted by Sharon SprungImage source, Reuters
    Image caption, Michelle Obama returned to the White House to unveil a portrait in September

    Mrs Obama, 58, was in the White House with husband Barack between 2009 and 2017.

    In the only UK interview for her book The Light We Carry, BBC Breakfast’s Naga Munchetty told her: “You are seen as a powerhouse.

    “You are seen as this confident woman, this established woman, this smart woman… If you’re feeling like this, what hope do the rest of us have?”

    Mrs Obama replied: “I think that’s the point of sharing it.

    “We all have those thoughts, those negative thoughts that we’ve lived with for years, especially as women and as women of colour, where we don’t see ourselves reflected in our society.

    “I think we’re in a better position, but one of the things I talked about was what it was like growing up, not just as a black woman, but as a tall black woman, before the Serena and Venus [Williams] years, before we had the WNBA [Women’s National Basketball Association] and had role models other than gymnasts to look up to.

    “It is important for us to see who we can be in order to feel good about ourselves.”

    ‘Comfortably afraid’

    She also spoke about the importance of dealing with the “fear that naturally arises in all of us”.

    “If you can master your fear, if you can become comfortably afraid – be afraid of the things that can actually cause you danger, but be open to the things that can push you forward – there’s real powerful growth on the other side of that feeling of fear.

    “I can say now that everything that I am today is the result of me pushing past my comfort zone, quieting my fearful mind and taking on that challenge that might have otherwise held me back.”

    In the book, Mrs Obama reveals that the most anxious she has been in her life was when her husband told her he wanted to run for president.

    “It’s strange to think I could have altered the course of history with my fear,” she writes.

    She told BBC Breakfast it was “absolutely worth taking that leap of faith” and giving him her support.

    Michelle and Barack Obama in 2019Image source, Getty Images
    Image caption, Mrs Obama said she sometimes doubts the difference she and her husband made in the White House

    “I lived through the legacy of too many people, particularly African American people, my grandfathers included, whose lives were constricted by their fear of something different,” she explained.

    Her grandparents grew up at a time when “there were real fears that a black man showing up in the wrong neighbourhood, at the wrong time, in the wrong place, looking the wrong way, could mean his death”, she said.

    “So with each passing year, I feel like my grandfathers’ world got smaller and smaller and smaller, both of them, to the point where they didn’t trust anyone that they didn’t know, not even doctors. And that, with one of my grandparents, led him to miss a diagnosis of lung cancer.

    “I use that as an example of how so many of us are locked in our sameness, afraid to meet or understand anyone that doesn’t look like us, feel like us, agree with us. That keeps our world small and it makes us susceptible to disinformation, conspiracy theories that we are confronted with.

    “We start to fear anyone who’s not like us. That’s not a healthy place. So I want young people in particular to think about that jolt of fear when they’re confronted with it, to be able to distinguish between the fear that’s going to keep them safe, and the fear that’s going to keep them stuck in a small world.”

    ‘Did we make a dent?’

    She added that more and more people “feel like they don’t matter on this planet”, and that it “still hurts” that Donald Trump took over from Barack Obama.

    “That’s that point in time when you have to ask yourself, was it worth it?” she said.

    “Did we make a dent? Did it matter? And when I’m in my darkest moment, my most irrational place, I could say, well, maybe not. Maybe we weren’t good enough.

    “But then I look around, and when there is more clarity, when I’m able to unpack those feelings and think more rationally, I think, well, my gosh, there’s a whole world of young people who are thinking differently about themselves because of the work that we’ve done.

    “Did everything get fixed in the eight years that we were there? Absolutely not. That’s not how change happens. But we laid a marker in the sand. We pushed the wheel forward a bit. But progress isn’t about a steady climb upward. There are ups and downs and stagnation. That’s the nature of change.

    “And that’s why the work that we’re doing today is about empowering the next generation.”

    The couple now run the Obama Foundation, whose mission is to “inspire, empower and connect people to change their world”.

     
  • Aisha Huang’s mother is director of a licensed mining company – Immigration officer tells court

    An investigator with the Immigration Service Supt. David Essien has revealed that the mother of Chinese national, Aisha Huang, is a director of a licensed mining company in Ghana.

    The company operates in the Bepotenten area in the Ashanti Region.

    Ms Huang, who is accused of engaging in illegal mining, is alleged to have mentioned the company as a business entity she rents out mining equipment to.

    Investigations are, however, said to have revealed that her mother had leased out a portion of the company’s concession to her, but she failed to pay for it.

    This was revealed during the cross-examination of Supt. Essien by lawyers for Aisha Huang led by Nkrabeah Effah Dartey.

    Mr Dartey had questioned the witness on whether he had independently carried out any investigation to determine whether Aisha Huang is indeed engaged in illegal mining.

    The witness shared the following details with the court:

    Effah Dartey: As far as you are concerned, you don’t have specific points of fact against the accused on mining operations. Correct?

    Witness: No my lord. I have facts about the accused person’s involvement in mining. My lord when I encountered her, we took statements from her. In those two statements, she mentioned that she rents excavator machines to Egyiri mining company which has a mining concession at Bepotenten.

    My lord investigations followed and as a result, I was tasked to invite one of the directors of Egyiri mining who is in the person of Coxton Ahinkan Egyiri. The said director honoured our invitation and a caution statement was taken from him on 19th May 2017.

    In the said statement, Mr Egyiri said he has known the accused for three years and the accused used to mine on a concession that shares a boundary with their small-scale mining concession. Mr Egyiri further indicated that their company, Egyiri mining company has not entered into any agreement of renting excavator machines as claimed by the accused.

    Rather, the accused person’s mother who is also a director of the company leased three acres of their concession for the accused to mine out of which the accused has failed to pay as promised.

    When the media publication came to my attention, we continued with our investigations and mounted surveillance on the accused. Until our Obuasi team intercepted four employees of the accused.

    When the arresting officers brought the employees, the accompanying report indicated that they were sent to the site to mine for the accused. According to the report, it was Gao Jin Chen who mentioned this to our Obuasi team.

    Even before the arrival of our Obuasi team, the accused surfaced to enquire whether her employees who she had sent to Bepotenten had arrived. When she realised they were not in. She left. When I intervened the intercepted employees, their leader Gao Jin Chen who could speak broken English, told me the accused sent them to mine and that their passports were with her:

    I was tasked to invite the accused. She came to the office and provided two passports of the four employees, together with her passports. They were referred to our Accra HQ for further investigations

    This information and evidence confirm that the accused is involved in illegal mining activities. And that was why she faced trial in 2018.

    Effah Dartey: All that you have said about Egyiri mining and your actions are not captured in your witness statement.

    Witness: The Egyiri caution statement has been submitted to the accused. And I believe it has been disclosed.

    Effah Dartey: I suggest to you that you are not a truthful witness.

    Witness: My lord it’s a lie. I am speaking the truth.

    Source: Myjoyonline

  • Cost of living: Musicians could be priced out of careers, charity says

    Gig tickets are just one thing that seems to be getting more expensive at the moment. But putting on shows is also costing more – something that’s causing concern for up-and-coming artists.

    Speaking from her European tour with shows almost every single night, singer Pip Millett says she’s at risk of losing her voice.

    With rising prices, “you have to squeeze the dates together,” she says, “which obviously can take a toll”.

    Meanwhile, charity Help Musicians is warning rising costs could force artists to leave the music industry.

    When she speaks to BBC Newsbeat, Pip is on vocal rest, limiting her conversation while drinking lots of water and honey to protect her voice.

    Faced with more expensive hotel and travel bills, an intensive schedule can save money but Pip says she’s finding touring stressful and there’s a risk of burnout.

    “It costs so much to tour,” the Manchester-based singer says. “And it does take a lot from you mentally and it does drain you.

    “I am prone to losing my voice and I lost my voice last week, so I’m trying my to do all the right things because I do not want to lose it.”

    Pip Millett performs at Islington Assembly Hall on January 12, 2022Image source, Getty Images
    Image caption, Pip says the pressure of performing almost every night has an impact on her physical and mental health

    The singer recently released her debut album When Everything is Better, I’ll Let you Know and worries the cost of living will have an impact on her ability to perform to her fans.

    “A lot of the time people don’t really speak about the money aspect of touring but you pay upfront and then you wait to be paid after,” she says.

    “So there’s a lot riding on you.”

    It can be even harder for artists at the start of their careers like 23-year-old Madi Saskia.

    Madi SaskiaImage source, Stapled Face
    Image caption, Releasing a song can cost up to £2,000 for artists like Madi Saskia

    The Birmingham-based singer works full time in a coffee shop to sustain her music career and says she’s still left struggling at the end of each month.

    “It’s 10 times harder now to be an independent, up-and-coming artist,” she says.

    “I know I’m gonna at least be able to pay my rent, but when’s the next time we’re going to be able to go to the studio and record a song?”

    ‘Cost-of-working crisis’

     

    James Ainscough from Help Musicians says more and more artists are struggling with the cost of performing and touring.

    With the cost of everything from travelling to gigs or buying equipment going up, it’s not so much a cost-of-living crisis for musicians as a cost-of-working crisis, says James.

    The charity is particularly worried about the impact on artists like Madi at the start of their careers, who face a choice between their passion and stability.

    “We’re keen to make sure we don’t lose them completely from the music industry,” James says.

    “Otherwise, they may never return.”

    Madi SaskiaImage source, Yahye Dirir

    Image caption, Madi has considered quitting music in favour of more stable work

    It’s a choice that has crossed Madi’s mind.

    The singer, who has spoken openly about living with depression, says her music career “never feels like it’s super-smooth sailing”.

    “I always feel like I’m driving 100 miles an hour to make sure that I’m just stable. I think that’s a very unhealthy way to live.”

    She says her love of music means she’ll always find a way to be creative but she’s increasingly worried about supporting herself.

    With other more established musicians cancelling tours over costs, she wonders: “If they can’t afford it, then how am I supposed to?”

    For Help Musicians, the best thing people can do to support artists is to buy gig tickets, but Pip and Madi recognise it may not be that simple.

    “Shows aren’t cheap: they’re not cheap to put on, and they’re not cheap to go to,” Pip says.

    “So it’s hard on both sides.”

  • On the exploitation of black rappers’ deaths

    “Human beings are obsessed with mortality, as long as it isn’t their own,” broadcaster and current artist relations specialist Karlie Hustle tells Complex. “It is with a perverse curiosity that people click, tap, and scroll through images and videos of Black death. Who is the audience for this ‘online content’? And who stands to be paid for it?’”

    This month, the hip-hop community received an unexpected bout of whiplash as news of Takeoff’s shooting death went public on Nov. 1. Details were doused across timelines as unconfirmed reports spread across the internet. One of the earliest posts came from popular hip-hop platform and gossip facilitator SAY CHEESE! which quoted its sources as club promoters in Houston on Twitter. TMZ wasted no time publishing a more holistic article that claimed the rapper had died the same morning. The article included a watermarked photo of Takeoff’s final moments, and a video clip that was soon lifted from their platform only to be reposted.

    The behavior displayed across the digital realm this month is indicative of years of established practice and convention. Media personality Akademiks regularly inserts himself into hip-hop beef, how deaths have “happened” and general rumors, and has been particularly vocal about the ongoing Tory Lanez and Megan Thee Stallion court case involving the August 2020 shooting of the latter rapper. Furthermore, last week Dancehall juggernaut Spice was reported dead after BBL complications speculated on by social media users. She later addressed the false reports on social media, revealing that she instead suffered hernia damage.

    The growth of the internet has bred a culture of schematic documentation which has allowed users to take the uncovering of new information—particularly the more provocative, salacious or sinister stories—into their own hands. As a result, we’ve seen average joes and “citizen journalists” simultaneously playing the roles of unqualified journalist and detective.

    As social media has grown, it has democratized the media landscape, allowing many more voices to spread urgent information in real time, with quality smartphones at their disposal. Although this has allowed for the illumination of events such as on-the-ground protest reporting via Twitter threads and the frequent amplification of GoFundMe campaigns for the most vulnerable across the world, the landscape has also heightened the documenting and prioritization of violence and atrocities in real time, sometimes even sensationalizing elements of this. From watching Grenfell Tower crumble to pieces on the formerly Twitter-owned Periscope in 2017, to clips of UK rappers Headie One and Tion Wayne fighting on a flight from Dubai to London in 2020, audiences have been primed, and have become accustomed, to this way of reporting amidst, or sometimes even in lieu of, more conventional forms of reported journalism.

    In the world of rap, the display of brutalized Black bodies is a regular occurrence. Just weeks ago, as singer and rapper PnB Rock’s body lay in his own blood, blogs and social media users circulated the clips of his murder with the ease of a few clicks. Similarly, George Floyd and Nipsey Hussle’s deaths were documented and spread in 2020 and 2019 respectively. Still—despite conversations that happen in echo chambers in which the moral obligation or tact behind posting these clips is questioned, alongside calls to respect family members—a cyclical approach to disseminating news of Black rappers’ violence in the most obscene ways persists amongst rap consumers, media, and beyond.

    Esteemed journalist and reporter at Complex Shawn Setaro processes: “I think that one main reason for the wider sharing of graphic footage of crime scenes and violence is that, thanks to the explosion of smartphones, there’s exponentially more footage that exists. Prior to most people having a good-quality video recorder and camera in their pocket, there was far less video, and far fewer photos, of violent incidents.”

    “Tabloids may get clips of white artists or citizens, but we’ve never seen [them treated] to the scale that it is when police brutality or harm to Black people is being sought after.”

    Beyond the world of rap, Black bodies across American history, and in most Western societies are politicized and treated as disposable and therefore subject to a lack of respect. Breonna Taylor and Eric Garner are two of many examples of Black people who have also been subject to a lack of respect both in life and death. Their bodies have been used as social commodities, being spread across the internet as part of a culture of “torture porn” manifests across racial lines. A culture of desensitization has in turn permeated a generation of digital natives… Culture journalist, documentarian, and DJ Jesse Bernard concurs.

    “Media has this weird relationship with [Black death] and how it’s displayed,” Bernard tells Complex. “Tabloids may get clips of white artists or citizens, but we’ve never seen [them treated] to the scale that it is when police brutality or harm to Black people is being sought after,” he argues. Setaro adds that we “shouldn’t ignore the historical context of Black bodies being used as a means of political intimidation” over time. The torture and subsequent lynching of Emmett Till in 1955 and the wide display of lynchings across North America historically corroborate this assertion.

    Rap heightens the ability for media to display brutalized Black bodies, by way of gangster rap which parlayed into the artform across the ‘80s and conflates the artform for rappers deserving and being subject to death as an only outcome. Platforms like Fox attribute it to being a primary cause of violence, whilst controversial figures like Lakeith Stanfield argue that you can’t be pro-Black if you consume the genre. Over time, we’ve seen many a figure revered for overcoming violence, documenting violence on wax, and still traversing their muddier realities whilst pursuing a rap career. 50 Cent is positioned as one of these figures, particularly on his “Guess Who’s Back” mixtape debut and Get Rich or Die Tryin’ album, both of which followed his 2000 nine-time shooting.

    “Who is the audience for this ‘online content’? And who stands to be paid for it?’”

    “Rappers are treated as martyrs,” Vanessa Adams, a music marketing specialist, tells us. “[Being a martyr] gives news outlets and people more of a reason to argue that their death was because of their environments or circumstances.”

    In other words, rappers being viewed as figures frequenting more heinous environments to their counterparts across musical genres, means that they are viewed as more susceptible to death and thus figures worthy of less respect, victimhood, or empathy. These elements, tied in with the vast majority of rap being dominated by Black people, can intersect with the aforementioned being displayed. In the case of Takeoff, media personality Jason Lee promoted the anti-Black myth of “Black on Black crime” on Twitter.

    Even in an environment that has been proven to feature fictional lyricism and storylines via rappers such as Future and Rick Ross, the public and media continue to treat the genre as a space riddled in complete truths when it comes to lyrical content that discusses threats, violence, or murder. At times, it feels the genre is constantly on trial and deemed to be in need of reprimand.

    Drill lyrics are even being used in courts across the UK and US monthly to heighten the belief that rappers—particularly Black ones—aren’t viewed as artists or multi-faceted beings, just arbiters of murder and despair and therefore lower-class creators. This mentality contributes to how they are exploited in death, too. In life, successful Black rappers are often treated as objects to be glorified, inspected and used as bargaining chips for digital commerce and clout. Their humanity then matters in the brief point between being used for commerce, engagement, and brand building and before complete discard.

    “Rappers are treated as martyrs.”

    Digital media continues to face an issue with erasure of facts, process in reporting, and an overall reckless approach to documenting sensitive issues on social media. Culture editor and journalist Elijah C. Watson recently supported that notion when he discussed the blurring of lines between hip-hop journalist and personality. The lack of ethics in reporting from personalities who pose as journalists not only exists, he writes, but is growing year by year. This behavior can lead to carelessness and competition to be first when sharing details of a person’s death. Fundamentally, this erodes process and therefore tact as it pertains to fact-checking, disclaimers, and releasing new developments and witness reports. Former music lawyer and director of repertoire strategy Christel Kayibi shares that there’s little legal obligation around seeking copyrighting for footage of a rapper dying, but believes they deserve a form of legal binding when it comes to the control individuals have to share clips of that nature.

    “I don’t know what I would call it,” she begins. “But there should be a right for somebody who is seeing harrowing clips of something brutal happening to their family member to stop them seeing it. Maybe a right-to-privacy sort of stance. But it’s such a hard topic because of social media and why and how we use it.”

    The exploitation of Black rappers’ deaths is part of a larger societal truth as it pertains to modern day media and social media consumption. When digital natives are committed to documenting each and every moment, death simply falls in line with that as one of the more grander, more scandalous forms of activity.

    In a toxic environment prioritizing clicks, engagement, and reach, blogs and individuals fall in line, scrambling to be first—however disastrous that quest is. In the content economy, rap is discarded, as a lack of due diligence echoes on and a lack of care toward Black rappers—and presumption that these rappers are destined for death—lingers. Hustle concludes, “Death as ‘online content’ is a cultural failure in an attention economy.”

    Source: Complex.com

  • Kevin Spacey faces further sex offence charges

    Oscar-winning actor Kevin Spacey is to be charged with a further seven sexual offences against one man, the Crown Prosecution Service (CPS) has said.

    They include three counts of indecent assault, three of sexual assault and one of causing a person to engage in sexual activity without consent.

    The offences are alleged to have taken place between 2001 and 2004.

    The CPS said these new charges follow a review of evidence gathered by London’s Metropolitan Police.

    In July, the 63-year-old appeared in court at the Old Bailey to deny five allegations relating to three men, who are now in their 30s and 40s. That trial is due to begin in June next year.

    Last month, a US court dismissed a civil sexual assault lawsuit against Spacey. The case was brought by Anthony Rapp who said the actor touched him inappropriately at a party in 1986 when he was 14.

  • 2 out of 10 – Dr Nyaho Tamakloe scores government on performance of economy

    Dr. Nyaho Nyaho-Tamakloe, a suspended elder of the ruling New Patriotic Party (NPP), has stated that the Nana Addo Dankwa Akufo-Addo he has known over the years will not continue to mismanage Ghana as he is now doing.

    The government received a score of two out of ten from the retired military veteran and ambassador, suggesting that it is not operating under the direction of his friend.

    In an interview with Joy News, he claimed that although the nation’s economy has deteriorated, the government has been unable to cope.

    Dr. Nyaho-Tamakloe responded, “I will rate them two out of 10,” when asked to rate the performance of the current administration.

    “We have retrogressed…when I say we are a failed state, I know what I am talking about. This government is not functioning…That surprises me because I know Nana Addo was not like that.

    “What has happened? I am surprised. The Nana Akufo-Addo that I know is not the one ruling Ghana now,” he explained.

    Dr. Nyaho-Tamakloe noted that Ken Ofori-Atta, the embattled Minister of Finance should have resigned immediately the country decided to seek a bailout from the IMF.

    He stressed that if things were going well, the Minister of Agric, Dr. Owusu Afriyie Akoto, “who is a doctor of agriculture will not be engaging in cheap publicity”.

    There has been an increase in the prices of goods and services recently whiles transportation fares have also increased more than four times due to the increase in fuel prices.

    Ghana’s current inflation rate stands at an unprecedented 40.4%.

  • COP 27; Loss and damage dominate discussions at Climate Vulnerable Forum (CVF)

    Africa is all too familiar with climate change loss and harm. Some recent, harsh reminders of the economic and social devastation caused by climate change include the cyclones caused by climate change that hit Mozambique and Madagascar, the lengthy drought in Somalia, and the floods that hit Ghana, South Africa, and Nigeria.

    Access to climate financing continues to be a barrier for countries in the Climate Vulnerable Forum (CVF) and Vulnerable 20 Group (commonly known as V20), who are constantly working to transform from climate vulnerability to climate prosperity.

    The Climate Vulnerable Forum (CVF) is a global partnership of countries that are disproportionately affected by the consequences of climate change. 

    The forum addresses the negative effects of climate change as a result of heightened socioeconomic and environmental vulnerabilities. These countries actively seek a firm and urgent resolution to the current intensification of climate change.

    Ghana takes over from Bangladesh this year as the leader of the fight against the climate emergency for the years 2022–2024. After Ethiopia, President Akufo-Addo then becomes the President of the Climate Vulnerable Forum.

    Speaking to the media at  the World Leaders’ Summit, the 27th Conference of Parties (COP27), hosted by the UNFCCC and the Arab Republic of Egypt, Chief Executive of the Environmental Protection Agency Dr Henry Kokofu highlighted that Ghana has a two-year mandate to lead the 58-nation Climate Vulnerable Forum, which represents over 1.5 billion people.

    He added, “These are nations heavily hit by the climate impact. We have countries like the small island states, developing countries in Africa, Asia, and the Caribbean. In this regard, CVF, has been a driving force in supporting the interests and policy agendas of the most vulnerable nations and advancing their common priorities and interests.”

    “Ghana has truly shown its ambition by taking up the great responsibility of the CVF Presidency.”

    The Chief Executive of the EPA, Dr. Henry Kokofu, also commented on the inclusion of loss and damage in the official negotiations process at COP27, noting that an agenda item is not a triumph as it is rather the absolute lowest threshold of success.

    “At least we can now work at COP to see real action and results on loss and damage. We need to see a clear commitment to finance loss and damage, distinct from the $100 billion agreed annual climate finance. And we must have mechanisms to deliver the funds, such as a financing facility and the V20-G7 Global Shield. COP27 must deliver for Africa and the most vulnerable.”

    Loss and Damage refers to funds provided by the wealthiest, most carbon-intensive nations to assist less developed countries at the forefront of the climate problem in recovering from losses and damages brought on by severe climate-related catastrophes like floods, fires, droughts, and extreme heat.

    According to Dr. Kokofu, Ghana, Sri Lanka, Bangladesh, and the Maldives are putting together Climate Prosperity Plans in an effort to encourage prosperity despite the growing global challenge of climate insecurity.

    By creating practical investment and implementation pathways toward climate prosperity, the Climate Prosperity Plans Program aims to address this challenge. It offers a chance to open up fresh doors for creative funding and economic collaboration oriented around challenging and climate-smart goals.

    The Ghana Climate Prosperity Plan, which is currently in development, is a strategy for luring foreign investment into Ghana’s economy, fostering economic growth and job creation, and accelerating climate adaptation while reducing the nation’s greenhouse gas emissions.

    The 2022 United Nations Climate Change Conference, or Conference of the Parties to the UNFCCC, more commonly referred to as COP27, is the 27th United Nations Climate Change Conference and is being held from November 6 through November 18, 2022, in Sharm El Sheikh, Egypt.

    Source: The Independent Ghana

  • World Cup 2022: Former Black Stars defender Habib Mohammed reacts to Jeffrey Schlupp’s omission from Ghana final squad

    Former Black Stars defender Habib Mohammed has reacted to the omission of Jeffrey Schlupp from Ghana’s final squad for World Cup in Qatar.

    Schlupp was not included in the final 26-man squad for the tournament despite his impressive form at Crystal Palace in the Premier League this season.

    Speaking in an interview, the former King Faisal star expressed his displeasure about the exclusion of the Crystal Palace star from the final World Cup squad.

    “For me, Schlupp is the only player his exclusion surprised me looking at his form at club level but I think this is not the time to discuss this. We cannot change anything at the moment but truth be told, Schlupp should have been included in the squad no matter how it is” he said.

    Meanwhile, the Black Stars coach Otto Addo has explained why he left out the Crystal Palace player from his final team for the tournament kicking off on Sunday.

    “I am a person who’s very much on principles and one principle is that I wouldn’t like them to do to me. So I hope you understand that I would not like to talk about players who are in the squad,” Addo said at the press conference.

    “As I said before, I have reasons on and off the pitch which were all communicated to the players so it is between me and the player. For me, that is it and they know why they are not in the squad.

    The versatile player last played for the Black Stars in 2017 but was named in the 55-man preliminary squad.

    Ghana will open their campaign against Portugal on November 24 at Stadium 974 in Doha.

    Four days later, the Black Stars return to action with a clash with South Korea at the Education City Stadium in Al Rayyan.

    Ghana will wrap up their group stage adventure with their much-anticipated encounter with Uruguay at Al Janoub Stadium in Al Wakrah.

    The Black Stars having missed out in the last edition hosted in Russia in 2018 will be hoping to improve their performance in Qatar after exiting the group phase during the 2014 World Cup in Brazil.

    Only three sides from the continent have ever progressed to the quarter-finals; Cameroon in 1990, Senegal in 2002, and Ghana in 2010.

    Ghana will be hoping to progress from the group stage at this year’s tournament.

  • World Cup 2022: Danlad Ibrahim can take the number 1 spot in Qatar – Habib Mohammed

    Former Black Stars defender Habib Mohammed won’t be surprised if Danlad Ibrahim becomes the first choice goalkeeper for the Black Stars at the World Cup in Qatar.

    The Asante Kotoko shot stopper earned late call up to the Black Stars due to injuries to Jojo Wollacot and Richard Ofori.

    Danlad Ibrahim is one of the two home-based players named in Otto Addo’s final 26-man squad for the global tournament in the Asian country.

    Speaking in an interview, the former King Faisal star asserted Danlad can prove why he should be the number 1 goalkeeper for Ghana at the World Cup.

    “Goalkeepers command the entire team during matches. We have captain but the goalkeepers see what transpires on the field of play. We all know Jojo Wollacot and Richard Ofori are out because of injuries but I am not surprised Danlad Ibrahim was included”

    “We know Lawrence Ati Zigi is there as the number one at the moment but believe me, Danlad can become our number one at the World Cup which will surprise many Ghanaians. I have watched him and I feel he can prove if things go on well for him at training, Danlad can become the first choice for Ghana at the World Cup”

     

    Ghana will open their campaign against Portugal on November 24 at Stadium 974 in Doha.

    Four days later, the Black Stars return to action with a clash with South Korea at the Education City Stadium in Al Rayyan.

    Ghana will wrap up their group stage adventure with their much-anticipated encounter with Uruguay at Al Janoub Stadium in Al Wakrah.

    The Black Stars having missed out in the last edition hosted in Russia in 2018 will be hoping to improve their performance in Qatar after exiting the group phase during the 2014 World Cup in Brazil.

    Only three sides from the continent have ever progressed to the quarter-finals; Cameroon in 1990, Senegal in 2002, and Ghana in 2010.

    Ghana will be hoping to progress from the group stage at this year’s tournament.

  • TDC to pay government a dividend of GH₵2.4 million

    As a shareholder of TDC Development Company, the government is set to receive an amount of GH₵2.4 million as its dividend for 2022.

    The dividend was declared at the second Annual General Meeting (AGM) of the TDC, which was held in Tema, by Mr. Kofi Brako, the company’s Board Chairman.

    “Matching the company’s desire to complete its projects on time with the shareholder’s expectations, the Board has resolved to pay an additional GHC1.2 million in dividends to bring the total dividend payment for the year to GH₵.4 million,” Mr Brako stated.

    An interim dividend of GHC1.2 million has already been paid by the TDC.

    Regarding TDC’s financial performance in 2021, the TDC Board Chairman stated that the firm earned GHs116.59 million in 2021, an increase of 20% above GH₵97.1 million in 2020.

    Despite the COVID-19 epidemic, which he claims caused operations to be disrupted, the company was nevertheless able to increase its profit before tax by 10.9 percent, from GH₵37.58 million in 2020 to GH₵41.68 million in 2021.

    According to the Board Chairman, TDC assets increased by 22.3% from GH₵ 380.72 million in 2020 to GH₵ 465.50 million in 2021. He also noted that the shareholder’s money increased by 19.84% from GH₵270.96 million in 2020 to GH₵325.1 million in 2021.

    Mr Brako indicated that TDC is presently  using revenues created internally to fund a number of ongoing initiatives. He added that it is crucial to invest the majority of its profits back into these projects in order to complete them.

    He said the projects are anticipated to boost the company’s capital adequacy and raise shareholder value.

    The TDC was praised by Mr. Joseph Cudjoe, Minister of Public Enterprises, for its exceptional performance during the reviewed year and for winning the overall best-performing state-owned enterprise and the overall best-performing specified entity in the public enterprises league table for the following year, 2020.

    According to Mr. Cudjoe, TDC is operating in accordance with the government’s vision for state-owned enterprises, which includes supporting the economy financially and professionally while abiding by all applicable laws.

    The TDC has been tasked by Mr. Abdulai Abanga, the deputy minister of works and housing, to think about extending its operations outside the Tema acquisition areas to other regions of the country that require cheap housing.

    Research by the managing director of TDC, Ms. Alice Abena Ofori-Atta, has it that the long-term construction financing in Ghana continues to be a significant barrier to real estate development for property developers and potential homebuyers.

    Thus, funding from private organisations, Real Estate Investment Trusts, banks, and other financial institutions, among others, continues to reduce the funding gap, albeit modestly.

    She expressed confidence that TDC would continue to look for and seize any opportunities that might arise as the real estate industry is anticipated to recover following the COVID-19 epidemic.

    She claimed that TDC was utilising some strategic initiatives and policy interventions, including the electronic rent collection system, the GCB Bank collection project, enterprise risk management, a balanced scorecard, and staff training and development, to improve their performance and effectiveness amidst the new dynamics of competition within the sector.

    The receipt and adoption of the directors’, auditors’, and financial statements for the year ending December 31, 2021, among other motions, were adopted at the AGM.

    Declaration of dividends for the fiscal year under consideration, along with permission for the directors to choose the auditors’ compensation and move GHC 100 million from the retained earnings account to the state capital.

    Source: The Independent Ghana

  • Dr Nyaho Tamakloe scores government 2 out of 10 on performance of economy

    A suspended elder of the governing New Patriotic Party, NPP, Dr Nyaho Nyaho-Tamakloe, has indicated that he does not believe the Nana Addo Dankwa Akufo-Addo he has known over the years will be mismanaging Ghana like he is currently doing.

    The retired military man and ambassador also scored the government two out of 10, indicating that the government under the leadership of his friend is not functioning.

    He told Joy News in an interview that the country’s economy has slumped yet the government has failed to rise to the occasion.

    When asked to rate the performance of the current government, Dr Nyaho-Tamakloe said, “I will rate them two out of 10.”

    “We have retrogressed…when I say we are a failed state, I know what I am talking about. This government is not functioning…That surprises me because I know Nana Addo was not like that.

    “What has happened? I am surprised. The Nana Akufo-Addo that I know is not the one ruling Ghana now,” he explained.

    Dr. Nyaho-Tamakloe noted that Ken Ofori-Atta, the embattled Minister of Finance should have resigned immediately the country decided to seek a bailout from the IMF.

    He stressed that if things were going well, the Minister of Agric, Dr. Owusu Afriyie Akoto, “who is a doctor of agriculture will not be engaging in cheap publicity”.

    There has been an increase in the prices of goods and services recently whiles transportation fares have also increased more than four times due to the increase in fuel prices.

    Ghana’s current inflation rate stands at an unprecedented 40.4%.

    Source: Ghanaweb

  • Stormzy says the ‘token black artist’ trope needs to die

    Stormzy has said he has made a conscious decision to promote his black peers and predecessors, to combat prejudice in the music industry.

    “I’ve always understood I’m the black act. Maybe the token black act,” the superstar British rapper told DJ Trevor Nelson in a one-off BBC special.

    “I want to kill that where it stands.”

    That’s why, the star explained, he paused his historic Glastonbury Festival set to read a list of 52 rappers who influenced him.

    It also prompted him to populate the video for his recent single, Mel Made Me Do It, with musicians Little Simz, Dave and Gabrielle; sports legends Usain Bolt, Ian Wright and Dina Asher-Smith; and the author Malorie Blackman.

    “There’s always been this stigma of, ‘let one through’,” he said. “There’s one black [man], one black woman at a time. That needs to die.

    “So that’s why when I get Glasto, when I do Mel Made Me Do It, it’s like, ‘This is us… We stand on your shoulders.’

    “I didn’t just pop out of the blue and break the matrix.”

    Stormzy

    Stormzy is also supporting new generations of black talent through his Merky foundation, which offers scholarships to Cambridge University; and Merky FC, which aims to improve diversity among football managers, coaches and other behind-the-scenes roles.

    The 45-minute BBC special saw Stormzy perform a mix of classic hits and new songs, and sit down for a candid interview with Nelson about his origins, his rise to fame and why headlining Glastonbury had calmed his inner demons.

    “It gave me such a peace in terms of knowing, all right, if it all falls [apart], you’ve done it. Now you can walk with your head high.”

    The musician said the performance had given him the confidence to pursue a more soulful, spiritual direction on his new album This Is What I Mean.

    He cited Stevie Wonder, Frank Ocean and Lauryn Hill among the record’s influences – but reserved his highest praise for Whitney Houston, who he named the “greatest of all time”.

    “I’ve got a lot of GOATs, but Whitney is my GOAT GOAT,” he said.

    “If I leave here and I get in my car and I listen to Whitney, I’m thinking, you’ve done something that’s intangible.

    “You haven’t put your hand on my back, you haven’t shaken my hand, you haven’t given me a hug – but you have just hit me in my soul.”

    Stormzy also talked about his long-standing friendship with fellow Londoner Adele.

    “I’m a genuine fan,” he told Nelson. “She’s blessed with a gift of a stunning, beautiful, moving voice and a phenomenal pen. And her ability to marry what she’s gone through, her experiences, her feelings, with art and melody, is second to none.”

    However, he said he had never considered asking her to appear on one of his records.

    “Our friendship ain’t based off [that]. That’s never the conversation.

    “Anyone who does music that is my real-life friend… Adele, Ed [Sheeran], Dave, Chris Martin, it’s never off that basis. I’ll be fine to never make music with any of them.

    “However, if I could get a hook…!” he joked, before adding: “But no, I never, I never.”

     
  • World Cup 2022: Black Stars will make Ghana proud – Stephen Appiah

    Former Ghana captain Stephen Appiah is optimistic about the Black Stars chances ahead of the 2022 World Cup in Qatar.

    Ghana, who are returning to the global showpiece after missing out in Russia 2018 has been housed in Group H against Portugal, Uruguay and South Korea.

    The West African powerhouse will play Portugal on November 24 in its first game before taking on South Korea and the epic clash against Uruguay.

    In an interview, the former Juventus star expressed belief in the Black Stars team, saying they will make Ghana proud at the mundial.

    “We are going to Qatar but we have a young team who are doing very well in their clubs. We believe in them, I mean when it comes to football you have a coach and as a player you have to listen to instructions from him. If you want to complicate yourself that is where you put pressure in yourself because you will hear the fans shouting at you, they will start to boo you and all that”

    “So my message for them is to play and win but I think the pressure is here is too much because everybody wants the Black Stars to win the trophy but when you go to tournament you don’t have to go with that mindset because you a group stage that you have to play three games and you to take it match after match”

     

    “My advice for them, playing against Portugal in the first game, don’t even think about Uruguay, just focus on Portugal, you finish them and you go to the next game. As I said, we have a good team, we believe in the boys and I think they are going to make us proud”

    Ghana will open their campaign against Portugal on November 24 at Stadium 974 in Doha.

    Four days later, the Black Stars return to action with a clash with South Korea at the Education City Stadium in Al Rayyan.

    Ghana will wrap up their group stage adventure with their much-anticipated encounter with Uruguay at Al Janoub Stadium in Al Wakrah.

    The Black Stars having missed out in the last edition hosted in Russia in 2018 will be hoping to improve their performance in Qatar after exiting the group phase during the 2014 World Cup in Brazil.

    Only three sides from the continent have ever progressed to the quarter-finals; Cameroon in 1990, Senegal in 2002, and Ghana in 2010.

    Ghana will be hoping to progress from the group stage at this year’s tournament.

  • FLASHBACK: How GIJ student lost GHC 200,000 in online forex trading

    A final-year student of the Ghana Institute of Journalism was reported to have lost an amount of GH¢200,000 in online forex trading.

    Reports noted that Nancy who absconded left a note behind that read: “I don’t know what the night has for me and what awaits me but the only thing I pray for now is death and nothing else. Please tell God to forgive me and if possible, give me another chance. I can’t kill myself at home that’s why I came back and I can’t do it here as well. Please forgive me.”

    A student has allegedly lost GH¢200,000 in online forex trading

    Some innovation expert wants full regulation on forex and crypto trading

    They believe the state can also rake in benefits from forex and crypto trading

    Despite little or no formal regulation on online forex trading and cryptocurrencies in Ghana, the activity seems to be popular among the youth.

    Starr FM Ghana has reported that a final year student of Ghana Institute of Journalism (GIJ), identified as Nancy Asante Bannor has reportedly lost a sum of GH¢200,000 in online forex trading.

    Details of the report said roommates of Nancy Bannor who seemed to be an ardent online forex trader was also the go-to person and agent who has wooed many people to engage in the activity.

    While the loss in sum may be huge, Nancy Bannor is said to have left a suicide note behind in what can be described as a cry for help to the Almighty God.

    In the note sighted by Starrfm.com.gh, Miss Asante Bannor said, “I don’t know what the night has for me and what awaits me but the only thing I pray for now is death and nothing else. Please tell God to forgive me and if possible, give me another chance. I can’t kill myself at home that’s why I came back and I can’t do it here as well. Please forgive me”.

    Meanwhile, one of the roommates of Nancy Bannor, whose currently nowhere to be found, recounted to the portal, “they returned from church service Monday night [November 15, 2021] to see a note from their friend narrating her ordeal and the fact that her clients do not appear to believe that the investment has indeed been depleted on the trading platform.”

    The case has however been reported to the Adabraka police after Nancy Asante Bannor absconded leaving a note.

    Some digital transformation and innovation experts have since been calling for a regulatory framework to be made available to guide and streamline operations for forex trading and cryptocurrencies.

    They argue that this must be done urgently to protect citizens and enable the state to reap its rightful gains.

    Source: Ghanaweb.com

  • ‘Data is the new oil, it can generate a lot of revenue for the state’ – Ursula Owusu-Ekuful

    Even though the government now receives income from other sources, oil has historically been Ghana’s main source of income.

    Even if the government has taken steps to ensure that citizens pay their taxes, Ursula Owusu-Ekuful, the minister of communications and digitalization, has revealed another source of money.

    She claims that when correctly examined, the use of data can bring the state enormous sums of money.

    Speaking in a media interview on the sidelines of Ghana digital economy policy document workshop held in Accra, the Communications and Digitalization Minister, Ursula Owusu-Ekuful said government will focus on safeguarding data collected, analyze and utilized properly for the better of the Ghanaian economy.

    “If you look at the revenues that these tech giants are generating from managing, analyzing and utilizing the data that we freely give them, the Facebook, google, WhatsApp and all those mega-platforms, then it gives effect to the saying that data is the new oil because if we effectively analyze and utilize it properly, it can generate a lot of revenue for the state for our own development,” she said.

    “So it’s an area that we need to focus on critically as a matter of urgency going forward as we look at other means of raising revenues to finance or own development and we are determined to do that,” Ursula Owusu-Ekuful stated.

    She urged Ghanaians who were yet to complete the SIM card re-registration process to do so before the November 30, 2022 deadline.

    The Minister said the affected Ghanaians will not have access to data and their SIM will be de-activated if they fail to meet the November ending deadline.

    She said a total of 20,892,970 subscribers have so far completed the SIM card registration exercise.

  • Today in History: Over 90% of banking fraud comes from employees – BOG

    The Bank of Ghana stated that employees of banks have been the brain behind over 90% of banking fraud-related cases.

    According to the Director of Financial Stability at the Bank of Ghana Dr. Joe France, “You can have the best employees who are doing well, but if their integrity and trust are questionable, then it poses serious problems.”

    He however urged banks to be circumspect about the kinds of persons they employ in their various organizations.

    Dr. Joe France, the Director of Financial Stability, at the Bank of Ghana has said that over 90 percent of fraud-related cases in the banking sector are associated with employees.

    According to him, their investigations showed that some of the banking staff masterminded most of these frauds and urged the management of Banks to be wary of the people they recruit and do proper checks before employing them.

    Dr. France said this in Accra at the launch of “EMP-Verify”, a GAVAC Business Solutions that detects the backgrounds of individuals to mitigate risks in organizations as well as the banking sector.

    He said the financial sector thrives on trust and confidence, and that, it was imperative for financial institutions to do due diligence in recruiting staff for optimum performance.

    Dr. France said one case of fraud could dent the reputation of the bank, urging players in the sector to exhibit a high sense of integrity in the discharge of their responsibilities.

    He said on their part, the Bank of Ghana had put in place strong mechanisms to check the backgrounds of staff before engaging their services.

    That, he explained, was necessary because the first sector handles funds of clients and it was prudent for the public to have confidence in fund managers and ensure that the funds are protected from any threats.
    “You can have the best employees who are doing well, but if their integrity and trust is questionable, then it poses serious problems”, he added.

    He called for collaboration to flush out these risks through robust systems.

    Mrs Maame Yaa Tiwaa Addo-Danquah, the Director General, Criminal Investigation Department, said her outfit had digitised all convicted crimes from 1957 to date for easy references.

    She said one of the challenges facing the department is the ability to put a credible evidence at the court since there were weak documentations.
    “Truth is not evidence. You may be saying the truth, but if it is not backed with evidence, it becomes difficult for prosecution”, she added.

    She commended GAVAC Solutions for bringing on board a system to check background of potential staff before recruitment and urged organizations to take advantage of the system to protect and secure assets.

    Mr Harry Baiden, the Founder of GAVAC Business Solutions said statistics revealed that 88 percent of curriculum vitae are falsified.

    He said comprehensive checks not only look at criminal and educational records but the candidate’s conduct, social network and reputation, employment history, and place of residence.

    He explained that the EMP-Verify system helps Human Resource partners and recruiters to make informed decisions, and avoid negligent hiring, and the negative impact and cost associated with it.

    Source: Ghanaweb

  • Food inflation of 34.9% in UER not reflective of real situation — Consumers

    In October, the Upper East Region saw an overall inflation rate of 33.6%, with food inflation leading all other commodities in the region at 34.9%.

    It is the region in the Northern part of Ghana with the second highest rate of inflation after the Savannah Region, according to data from the Ghana Statistical Service on the Consumer Price Index.

    With a rate of 47.6%, the Savannah Region had the highest rate of inflation, followed by the North East at 33.1%, the Northern Region at 27.3%, and the Upper West at 27%.

    However, most consumers in the upper East Region have disagreed with the inflation figure by the Ghana Statistical Service, particularly on food, saying the cost of all food commodities in the various Markets in the region in the month of October went up far higher than that.

    According to them, the figure 34.9 per cent as food inflation was understated and does not in any way represent the reality on the various Markets.

    At the Bolgatanga market for instance, there was a sharp increase in the prices of commodities between the Month of September and October, a bowl of local rice which was sold at GH₵16.00 in September rose to GH₵25.00 in October, a bowl of raw groundnuts increased from GH₵25.00 to GH₵38.00 while a bowl of salt moved up from GH₵20.00 to GH₵30.00.

    At that same period, a bowl of local rice at the Navrongo Market rose from GH₵15.00 to GH₵24.00 and from GH₵14 to GH₵23.00 at the rice mills.

    Mrs Felicity Awuni, a teacher by profession, in an interview with the Ghana News Agency (GNA) at the Bolgatanga Market, said the figure on inflation could not be true given the hikes in food stuff in the month of October.

    “I was surprised to see our food inflation figure as 34.9 per cent, it can’t be, because food prices went too high in October from September, to the extent that certain foods like tomatoes were double of their prices sold in September” she stated.

    Madam Agnes Ayinpoka Akolgo, a consumer, told the Ghana News Agency that prices of commodities in the month of October was unprecedented as it worsened the woes of consumers.

    “It was October that food vendors stopped selling food like rice at GH₵3.00, the same ball of kenkey we were buying at GH₵2.00 rose to GH₵3.00, and clearly I could not again use GH₵100 to buy 6 bowls of rice as was the case in September,” She stated.

    Nmah Mboo, a leader of the foodstuff traders at the new Market in Bolgatanga, said “the month of October was really interesting, it came with a lot of difficulties as far as food is concerned, it was such that you will sell foodstuff one day and can’t use your profit including the capital to buy same foodstuff the next day, so prices really shot high”, she stated

     

  • Fuel price hike: Ghanaians will have respite if cedi continues to stabilise – IES

    According to the Institute for Energy Security (IES), if the Cedi continues to remain stable versus the Dollar, Ghanaians will see some relief from the rising cost of petroleum.

    This confirms the most recent prediction made by the energy think tank that the stability of the Cedi will lead to a drop in fuel prices.
    However, the IES forecast an increase in the price of LPG.

    Derick Hadzi, an IES Research and Policy Analyst, claimed in an interview with Starr News that if the Cedi stabilizes, the local economy will immediately experience the effects of the reduction.

    “Two major factors that affect fuel pricing is that of the international price and the strength of the Cedi. At the international level, we do not have control over it. It depends on the forces of demand, what we have control over is the strength of our local currency. For the ending of October, the Cedi depreciated almost 30% to 45%. So for this second pricing window from November the Cedi has been a little bit stable.”

    Ghana’s leading indigenous Oil Marketing Company, GOIL, has announced a reduction in the pump prices of both types of gasoline (petrol) and gasoil (diesel) at all its retail outlets across the West African nation.

    A litre of petrol is now selling at Gh16.82 while diesel is selling at Gh20.50 per litre.

    Previously, a litre of petrol sold at Gh17.99 while diesel was selling at Gh¢23.49 per litre.

    This means that a litre of petrol has been reduced by Gh¢1.17 while diesel saw a reduction of Gh¢2.99 per litre.

  • Ensure citizens have access to energy, it’s their fundamental right – Napo to African leaders

    Energy Minister, Dr Matthew Opoku Prempeh, has entreated African governments to ensure that its citizens enjoy a reliable power supply.

    According to him, having access to energy was not a luxury but a fundamental human right of the citizens that needs to be enjoyed.

    Dr Matthew Opoku Prempeh stressed that it was necessary for the continent to provide affordable energy to all.

    Speaking at the 2022 United Nations Climate Change Conference in Egypt, he said, “Energy is not a luxury but a right, a fundamental right and so governments must work to ensure that the whole population has access to energy to develop socio-economically.”

    He called for the usage of green energy on the continent and urged all to desist from polluting the environment.

    Source: Ghanaweb

     

  • Beyoncé, Kendrick Lamar and Adele dominate Grammy Award nominations

    Beyoncé and Adele are the stars to beat at the 2023 Grammy Awards, and will go head-to-head for all the major prizes.

    Both artists have been nominated for album of the year – Adele for her sumptuous fourth album 30, and Beyoncé for her dancefloor opus Renaissance.

    Adele’s single Easy On Me and Beyoncé’s Break My Soul are each up for song and record of the year.

    British stars Harry Styles and Coldplay are also in the running for best album, alongside Swedish pop icons Abba.

    The quartet have received their first ever album of the year nomination for last year’s Voyage – which saw them emerge from a 39-year hibernation.

    The nominations were announced on Tuesday, and Beyoncé leads the pack with nine overall – including nods in the dance and R&B categories.

    She is now tied with her husband Jay-Z as the most-nominated artist in Grammy history, with a total of 88, overtaking Sir Paul McCartney and Quincy Jones.

    Jay-Z and BeyoncéImage source, Getty Images
    Image caption, Jay-Z and Beyoncé – the Grammys’ biggest power couple

    However, the star has not won a prize in any of the three biggest categories (album, record and song of the year) since Single Ladies was named song of the year in 2010.

    But if she collects four (or more) awards next February, she will beat conductor Sir George Solti’s all-time record of 31 Grammys.

    Kendrick Lamar is this year’s second biggest nominee, with eight nods for his fourth album Mr Morale and the Big Steppers – a pensive rumination on the state of the world and his own moral failings – and the freestyle The Heart Part 5.

    Adele and country star Brandi Carli are tied in third place, with seven nominations each.

    Taylor Swift has received multiple nominations for her epic re-recording of 2012’s All Too Well, but her latest album, Midnights, was released too late for inclusion in the 2023 field.

    And Puerto Rican rapper and singer Bad Bunny has made history by landing the first ever album of the year nomination for a Spanish language album.

    His record, Un Verano Sin Ti (A Summer Without You), dominated the US Billboard charts this summer, racking up 13 weeks at number one.

    Kendrick LamarImage source, Getty Images
    Image caption, Kendrick Lamar is the first rapper to be nominated for album of the year for four consecutive albums

    British artists have had a particularly strong year. Along with Adele, Harry Styles has nominations for album of the year (Harry’s House) as well as record and song of the year (As It Was).

    Ozzy Osbourne picks up several nominations in the rock categories for his solo record Patient Number 9; while the Isle Of Wight duo Wet Leg get a nod for best new act.

    Albums withheld

     

    Drake and The Weeknd, who would have been likely frontrunners in the main categories, withdrew their latest albums from consideration. Both artists have long maintained, with some justification, that the Grammys sideline black artists to genre-based categories.

    Bruno Mars and Anderson .Paak, whose side project Silk Sonic also declined to submit their album. Rather than criticise the voters, however, Mars said it “would be crazy to ask for anything more” after winning song and record of the year for Leave The Door Open at this year’s ceremony.

    Bad BunnyImage source, Getty Images

    Image caption, Bad Bunny made history with the first-ever Spanish language album of the year nominee

    Last month, the rapper Nicki Minaj protested that her hit song Super Freaky Girl had been moved from rap to the pop categories during the shortlisting process. In the end, it failed to pick up any nominations.

    Other snubs included Elton John, whose hit collaboration with Dua Lipa, Cold Heart, was expected to pick up a nomination for best pop duo/group performance; and Ed Sheeran, whose fifth album = was completely overlooked.

    But the Grammys can be strangely cautious of mainstream success. At this year’s ceremony, for example, Jon Batiste won album of the year for the handsome soul record We Are, beating big sellers like Olivia Rodrigo’s Sour and Lil Nas X’s Montero.

    His victory reinforced the perception that Grammy voters care more about tradition and musical chops than innovation and commercial performance – something many former nominees have grumbled about.

    However, that could change this year, after almost 2,000 new members joined the voting organisation, 44% of whom come “from traditionally underrepresented communities,” according to the Recording Academy. “And almost 50% are under the age of 40,” noted chief executive, Harvey Mason Jr.

    The nominees were announced in a livestream from the Grammy Museum in Los Angeles by former winners including Olivia Rodrigo, Cyndi Lauper and John Legend.

    Here’s a rundown of the major categories, and who might stand to win at the ceremony on 5 February, 2023.

    Album of the year

     

    Harry StylesImage source, Getty Images

    Image caption, Even counting his time as a member of One Direction, Harry Styles has never been nominated in any of the Grammys main categories, until now

    • Abba – Voyage
    • Adele – 30
    • Bad Bunny – Un Verano Sin Ti
    • Beyoncé – Renaissance
    • Mary J Blige – Good Morning Gorgeous
    • Brandi Carlile – In These Silent Days
    • Lizzo – Special
    • Coldplay – Music of the Spheres
    • Kendrick Lamar – Mr Morale & The Big Steppers
    • Harry Styles – Harry’s House

    The headline here is the repeat of 2017’s best album race, in which Adele’s 25 controversially beat Beyoncé’s Lemonade.

    On stage, Adele said: “I can’t possibly accept this award. I’m very humbled and very grateful and gracious but my life is Beyoncé.” In the end, she held on to the trophy – but when it arrived in the mail it was broken in two. That’s symbolism.

    So who will take top honours this time? Beyoncé’s Renaissance is undoubtedly the better album – a bold blast of dancefloor catharsis, which champions the black and queer roots of house music. But Grammy voters often play it safe, choosing “traditional” songcraft over innovation.

    The academy’s membership has been revamped since the upset of 2017, potentially tipping the balance in Beyoncé’s favour. But Adele has won all 13 Grammys she’s been nominated for since 2012.

    Song of the year

     

    Taylor SwiftImage source, Getty Images
    Image caption, Taylor Swift is the only female artist to win album of the year three times
    • Gayle – ABCDEFU
    • Lizzo – About Damn Time
    • Taylor Swift – All Too Well (10 Minute Version)
    • Harry Styles – As It Was
    • Steve Lacy – Bad Habit
    • Beyoncé – Break My Soul
    • Adele – Easy On Me
    • DJ Khaled – God Did
    • Kendrick Lamar – The Heart Part 5
    • Bonnie Raitt – Just Like That

    This is Taylor Swift’s sixth song of the year nomination – meaning she now ties with Sir Paul McCartney and Lionel Richie as the category’s most-nominated writer. The recognition comes for All To Well, a break-up ballad that originally appeared on her 2012 album Red, but was re-recorded with extra verses (and extra juicy details) last year.

    However, Swift has never won best song – and her competition this year is especially tough.

    Adele’s comeback Easy On Me is the presumed frontrunner: A big blustery ballad, it sold more in the US than her previous song of the year winner, Hello, and spent 10 weeks at number one.

    Harry Styles can beat that, though. As It Was, a pop song whose nimble melody disguises lyrics about loneliness and doubt, enjoyed 15 weeks atop the US charts earlier this year.

    Record of the year

     

    AdeleImage source, Getty Images

    Image caption, Adele is due to start her Las Vegas residency this weekend

    • Abba – Don’t Shut Me Down
    • Adele – Easy On Me
    • Beyoncé – Break My Soul
    • Mary J Blige – Good Morning
    • Brandi Carlile ft Lucius – You And Me On The Rock
    • Doja Cat – Woman
    • Steve Lacy – Bad Habit
    • Kendrick Lamar – The Heart Part 5
    • Lizzo – About Damn Time
    • Harry Styles – As It Was

    While the song of the year award recognises music and lyrics, record of the year looks at the finished product – the actual sound recording.

    However, there’s significant crossover between the categories, with Adele, Beyoncé, Lizzo and Styles all picking up duplicate nominations.

    Once again, Adele leads the pack, but Lizzo’s outrageously charismatic About Damn Time could be a contender.

    Meanwhile, Swedish pop legends Abba gained a surprise nomination for Don’t Shut Me Down, taken from their comeback album Voyage.

    The sumptuously-recorded vocals alone could be enough to earn them a Grammy award – which would be the band’s first.

    Best new artist

     

    Wet LegImage source, Getty Images

    Image caption, Wet Leg have been one of the year’s biggest breakout acts

    • Anitta
    • Omar Apollo
    • Domi and JD Beck
    • Muni Long
    • Samara Joy
    • Latto
    • Maneskin
    • Tobe Nwigwe
    • Molly Tuttle
    • Wet Leg

    Most years provide a breakout star whose victory in the best new artist category seems nailed on. Last year it was Olivia Rodrigo. This year, it’s an entirely open field.

    Predicted nominations for rapper Jack Harlow and singer-songwriter Gayle failed to materialise, despite nominations in other categories.

    As a result, the smart money is on Atlanta rapper Latto, thanks to her breakout hit Big Energy, for which she bagged a guest appearance from music legend Mariah Carey.

    Meanwhile, former Eurovision winners Maneskin have made huge inroads in the US, and British indie duo Wet Leg are building a sizeable audience for quirky hits like Chaise Longue and Ur Mum.

    There’s also a big opportunity for Brazilian star Anitta – who has had a breakthrough year in the States, after releasing her fifth album, Versions Of Me, in April.

    While her decade-long career might seem grounds for disqualification, the criteria for best new artist are fairly relaxed.

    Artists are eligible if they have broken into public consciousness over the past 12 months, even if they’ve received prior Grammy nominations.

  • Ghana’s economy structure must change after IMF bailout – Experts

    Experts on the economy have advised that government must put in the necessary efforts to ensure that the structure of the economy does not remain same after the conclusion of the proposed programme with the International Monetary Fund (IMF).

    Speaking on the topic ‘Managing IMF’s Expectation and Ghana’s Economy: the Way Forward’ at the Institute of Chartered Accountants Ghana’s breakfast meeting, Director of the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey, said that the economy must move from being import-driven to production-driven in order to avert the structural challenges that always push it to the IMF for a bailout.

    “IMF will come and give you short-term economic respite, but we have to change the structure of the economy. We have to produce and export in a value-added form. I have seen some young ones putting efforts in adding value to some products, but the boost is not enough for me. The IMF will come but we need to put things in order. We should stop profiteering, it will not help us as Ghanaians,” he noted.

    Also commenting on the theme, Senior Partner at KPMG, Anthony Sarpong, said that one benefit that the negotiation will bring to the country is price stability, but the survival of the country’s economic growth in the long term depends on good policies as well as strategies.

    “IMF only helps you to rise to a certain point, but to survive in the long term, that is not what the IMF gives us. It is possible we can graduate from an IMF programme, but to sustain the stability will be our own actions. Some of the actions to take are ensuring that our internal production consistently follows policy. We have had knee-jerk policies in terms of industrialisation from one government to the other,” he said.

    “There is a focus on industrialization, but because we are not so consistent to break the chain, we have not been able to get there. In a nutshell, I believe that discipline, consistency, good planning and if we implement these policies over time, we can certainly graduate from the IMF,” he said.

    President for ICAG, Sena Dake, mentioned that the country’s insatiable appetite for foreign products must change to help exit the current economic shocks. She added that Ghana has a lot of opportunities in agriculture, yet a lot of manufactured products, including food, are imported.

    Miss. Dake, speaking on the role of accountants, urged them to create and verify high-quality sustainability information as enablers and trusted advisors. She added that they must speak up against any administration’s attempts to spend outside its limits, push back and strongly advise against any attempts to make decisions that will not be in the best interest of the public and future.

    “We have worked with and will continue working with other partners and regulatory agencies to make positive impacts on the development of public financial management and the nation’s economy, and this is another opportunity for us to contribute to resolving a long-term crisis that has befallen our country,” she said.

    Source: Complex.com

  • According to BOG, workers commit almost 90% of banking fraud

    Over 90% of cases involving banking fraud, according to the Bank of Ghana, involved bank staff.

    “You might have the best staff who are doing well, but if their integrity and trust are questioned, then it poses major challenges,” said Dr. Joe France, Director of Financial Stability at the Bank of Ghana.

    However, he advised banks to exercise caution when choosing the people they hire for their various entities.

    Dr. Joe France, the Director of Financial Stability, at the Bank of Ghana has said that over 90 percent of fraud-related cases in the banking sector are associated with employees.

    According to him, their investigations showed that some of the banking staff masterminded most of these frauds and urged the management of Banks to be wary of the people they recruit and do proper checks before employing them.

    Dr. France said this in Accra at the launch of “EMP-Verify”, a GAVAC Business Solutions that detects the backgrounds of individuals to mitigate risks in organizations as well as the banking sector.

    He said the financial sector thrives on trust and confidence, and that, it was imperative for financial institutions to do due diligence in recruiting staff for optimum performance.

    Dr. France said one case of fraud could dent the reputation of the bank, urging players in the sector to exhibit a high sense of integrity in the discharge of their responsibilities.

    He said on their part, the Bank of Ghana had put in place strong mechanisms to check the backgrounds of staff before engaging their services.

    That, he explained, was necessary because the first sector handles funds of clients and it was prudent for the public to have confidence in fund managers and ensure that the funds are protected from any threats.
    “You can have the best employees who are doing well, but if their integrity and trust is questionable, then it poses serious problems”, he added.

    He called for collaboration to flush out these risks through robust systems.

    Mrs Maame Yaa Tiwaa Addo-Danquah, the Director General, Criminal Investigation Department, said her outfit had digitised all convicted crimes from 1957 to date for easy references.

    She said one of the challenges facing the department is the ability to put a credible evidence at the court since there were weak documentations.
    “Truth is not evidence. You may be saying the truth, but if it is not backed with evidence, it becomes difficult for prosecution”, she added.

    She commended GAVAC Solutions for bringing on board a system to check background of potential staff before recruitment and urged organizations to take advantage of the system to protect and secure assets.

    Mr Harry Baiden, the Founder of GAVAC Business Solutions said statistics revealed that 88 percent of curriculum vitae are falsified.

    He said comprehensive checks not only look at criminal and educational records but the candidate’s conduct, social network and reputation, employment history, and place of residence.

    He explained that the EMP-Verify system helps Human Resource partners and recruiters to make informed decisions, and avoid negligent hiring, and the negative impact and cost associated with it.

  • Mariah Carey is officially not the ‘Queen of Christmas’

    Mariah Carey’s application to trademark the moniker “Queen of Christmas” has been denied by the US Patent and Trademark Office.

    The American star’s application was denied after her company did not respond to another singer’s opposition.

    The trademark would have given her the legal right to stop others from using the title on music and merchandise.

    Carey also failed in attempts to trademark the abbreviation “QOC ” and “Princess Christmas”.

    The star has become synonymous with the festive period since the release of her 1994 track, All I Want for Christmas Is You.

    Completing a journey 26 years in the making, the ubiquitous festive classic finally reached number one in the UK singles chart in 2020.

    Carey’s company Lotion LLC applied for the yuletide trademark last year, leading to another singer, Elizabeth Chan, putting in a legal challenge in August, in an attempt to block her from obtaining the registration.

    ‘Monetise Christmas’

    Chan – dubbed “Queen of Christmas” by The New Yorker in 2018, for having put out original festive records every year for a decade – criticised Carey for attempting to monetise Christmas.

    “I feel very strongly that no one person should hold onto anything around Christmas or monopolise it in the way that Mariah seeks to in perpetuity,” said Chan in an interview with Variety in August.

    “That’s just not the right thing to do. Christmas is for everyone. It’s meant to be shared; it’s not meant to be owned.”

    Mariah Carey with SantaImage source, Getty Images
    Image caption, Her Christmas hit has been streamed more than a billion times on Spotify

    Chan went on to say Carey had been “trying to trademark this in every imaginable way” from music, clothing and alcohol, to “masks, dog collars – it’s all over the map”.

    “If you knit a ‘Queen of Christmas’ sweater, you should be able to sell it on Etsy to somebody else so they can buy it for their grandma,” she went on. “It’s crazy – it would have that breadth of registration.”

    Carey’s company did not respond to Chan’s opposition in time so the trademark was not granted, meaning knitters around the world can continue without fear of breaching Christmas copyright.

    The BBC has asked Carey’s team for a comment.

    Mariah Carey merchandiseImage source, Getty Images
    Image caption, Carey has a range of Christmas merchandise

    Another singer, Darlene Love, previously took to Facebook to say she had been “Queen of Christmas” since before Carey rose to fame.

    Love is known for her Christmas classic Christmas (Baby Please Come Home) and covers of hits such as Winter Wonderland and White Christmas.

    Earlier this month, it transpired that Carey was no longer being sued for copyright infringement over her own Christmas hit, after country singer Andy Stone dropped his legal action.

    Darlene LoveImage source, Getty Images
    Image caption, Darlene Love also sang the song All Alone on Christmas, which featured on the Home Alone 2 soundtrack

    The songwriter – who performs under the name Vince Vance with the band Vince Vance and the Valiants – sued the popstar in June, claiming he co-wrote a song with the same name five years earlier.

    He told a court he would dismiss the case – but legally he could still refile it.

    Christmas came early for Carey last week, when Netflix treated her to a special early screening of series five of The Crown at her home as a reward for being the show’s “ultimate superfan”.

     

  • Producer Price inflation rate for October hits 65.2%

    The Ghana Statistical Service has revealed that the Producer Price Inflation rate for October 2022 was 65.2 percent.

    This means that between October 2021 and October 2022 (year-on-year), the PPI increased by 65.1 percent, representing a 19.3 percentage points increase in producer inflation relative to the rate recorded in September 2022 (45.9%).

    The month-on-month change in the PPI between September and October 2022 was 15.4 percent

    The Producer Price Index (PPI) measures the average change over time in the prices received by domestic producers for the production of their goods and services.

    A release by the GSS noted that: “The producer price inflation in the Industry less construction sector increased to 75.6 percent in October 2022 from 54.5 percent in September 2022.”

    It also added that the rate in the construction sector declined from 25.1percent in September 2022 to 23.0 percent in October 2022. In the Services sector, the rate increased from 5.6 percent in September 2022 to 10.0 percent in October 2022.

    “This release shows the annual (year-on-year) and monthly producer inflation rates for all sectors Mining and Quarrying; Manufacturing; Electricity and Gas; Water Supply, Sewerage, and Waste Management; Construction; Transport and Storage; Food & Accommodation; Information & Communication,” the GSS added.

    Mining and quarrying (86.4%), manufacturing (73.1%), transport and storage (71.4%) recorded the highest rates, while Information and communication activity recorded the lowest rate of 1.4 percent in October 2022.

    Meanwhile, consumer inflation currently stands at 40.4% as of October 2022.

    The PPI figure for October 2022 is provisional and is subject to revision when additional data become available. All other indicators are final.

    Source: Ghanaweb

     

  • Government holds stakeholder engagement on Ghana digital economy policy document

    Stakeholder engagement on Ghana’s digital economy policy document has begun by the government.

    The policy document will be improved during the engagement, and it will then be distributed for final approval.

    This follows the government’s strategy to assist Ghanaian digital entrepreneurs in creating tech hubs and exporting IT-enabled services like

    Addressing the press at the Ghana digital economy policy workshop in Accra, the Head of Ghana CARES Delivery Unit at Ministry of Communications and Digitalization, Kusum Appiah said, “Today’s event is stakeholder consultation exercise for the Ghana Digital Economy Policy document. It’s just a standard process of policy development where we open up the draft policy that has been developed to a wide group of stakeholders from government, private sector, civil societies, academia, even from the general public.”

    “We just listen to challenges, thoughts, expectations, contributions that they have to the action development of the policy. The next step after this stakeholder consultation will be for us to refine the policy document and then issue it out for final approval,” he added.

    It would be recalled that government in November 2020 launched the Ghana CARES Obaatanpa programme.

    The programme was aimed at creating jobs to curb the high unemployment rate.

  • Adongo takes on BoG over source of funding of GAT in acquisition of 5 local banks

    Isaac Adongo, the MP for Bolgatanga Central, claims that the Bank of Ghana’s (BoG) decision to deny his request to review the BoG’s report on the funding source used by the Ghana Amalgamated Trust to purchase shares in five local banks, namely Universal Merchant Bank, OmniBSIC Bank, National Investment Bank, Agricultural Development Bank, and Prudential Bank, is incorrect and without legal foundation.

    Through the Right to Informational Act 2019 (ACT 989), Mr. Adongo had asked the central bank for the aforementioned data, but his request had been denied.

    In response, Mr Adongo through his lawyers has written to the Bank of Ghana to comply with his request because it is prudent for parliament and Ghanaians to know the factual basis for the recapitalisation of the five banks.

    Details of his request are contained in the documents below:




  • Nana Konadu, Cheddar, others to be honoured at Rhythms on The Runway fashion show

    Ghana’s biggest night of music and fashion, Rhythms On The Runway (RODR), is preparing to wow fashion lovers with some fun, excitement, and extravaganza on Sunday, November 20, 2022, at the Grand Arena.

    This year’s event will honour some public figures globally and in Ghana under the theme ‘Black Star Award’.

    The 10th Rhythms On Da Runway event will honour Nana Konadu Agyemang Rawlings, Former First Lady of Ghana, for her contributions to women’s empowerment, leadership, consistency in style, and her unwavering support for projects within the creative sector.

    The Committee will also award the founder and CEO of Wonda World Estates and Petronia City Development Company Ltd, Nana Kwame Bediako, popularly known as Cheddar or Jacob Caesar for his contribution to youth development, creative arts and his consistency in projecting and supporting Rhythms on Da Runway from its inception.

    Miss Roberta Annan, author, UN Goodwill Ambassador, and one of the youngest yet incredibly accomplished business investors will also be honoured for her notable successes in numerous fields.

    Lastly, the Honorable Lisa Hanna, Member of Parliament (MP) in Jamaica and former Miss World 1993, will also be honoured on the night of the event.

    She will be extolled for the outstanding, exemplary long-term impact she has made on the lives of people in the diaspora as a leader and change-maker.

    Over the years, Rhythms On Da Runway has acknowledged a few astonishing characters from Ghana and beyond.

    ‘The Black Star Award’ goes to individuals who have impacted their social orders, the Orange Economy, Africa, and the African diaspora.

    Some previous honourees include the late Great Saint Ossei, Asabea Cropper, Reggie Rockstone, Obrafour, Pat Thomas, and Nigerian veteran actor Richard Mofe Damijo.

    This year’s edition of the Rhythms on Da Runway is dubbed: “The Green Edition”, slated for November 20 2022, at the Grand Arena.

    The Green Edition is a celebration that won’t just commend the resourcefulness of African talents but also distil an uncommon dream to shape sustainable fashion in Africa.

    This births an opportunity for designers to envision, create, and bring to life unique collections that are as timeless as the nature that abounds in Africa.

    As foretells its longevity, this 10th Edition is set to incite designers to tell sustainable stories with their collections.

    This year’s edition will feature top designers and emerging designers from all corners of the African continent and also spotlight some of the most incredible performers in our music industry.

    Watch this episode of E-Forum below.

  • Desist from acting as middlemen for insurance companies – NIC to unlicensed financial institutions

    Unlicensed financial organizations, corporations, and people who serve as intermediaries for insurance firms are subject to a prison sentence of two years or longer, whichever comes first.

    The National Insurance Commission (NIC) has emphasized that violating section 109 of the new Insurance Act, 2021 entails acting as an intermediary for insurance companies (Act 1061).

    Additionally, it specified that these institutions would be required to pay the Commission an administrative fine of between 2,500 and 10,000 penalty units if they were detained.

    The Commission has therefore cautioned banks and financial institutions without a license against the act.

    In a public notice according to graphic online reports, these institutions have been asked to stop soliciting fees, commissions, and or other remuneration from insurance companies in exchange for referring clients, customers, or any other person whether individual or corporate to the insurer.

    “It has also asked them to desist from soliciting insurance business for the insurer, inviting another person or causing that person to be invited as a customer through an advertisement or otherwise; performing any other function of an agent assigned to that person by the insurer; and the performance of any other function with respect to insurance,” the report noted.

  • Dua Lipa: Singer denies she is performing at Qatar World Cup

    Dua Lipa has denied reports she will perform at the Fifa Men’s World Cup opening ceremony in Qatar on Sunday.

    The singer said she will “look forward to visiting Qatar when it has fulfilled all the human rights pledges it made” when it became host.

    Qatar has been criticised for its stance on same-sex relationships, its human rights record and its treatment of migrant workers.

    Other acts including Robbie Williams and BTS’s Jung Kook are set to perform.

    In February 2021, the Guardian said 6,500 migrant workers from India, Pakistan, Nepal, Bangladesh and Sri Lanka had died in Qatar since it won its World Cup bid.

    However, the Qatar government has said the total is misleading, because not all the deaths recorded were of people working on World Cup-related projects.

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    Lipa posted an Instagram story on Sunday, which read: “There is currently a lot of speculation that I will be performing at the opening ceremony of the World Cup in Qatar.

    “I will not be performing and nor have I ever been involved in any negotiation to perform.

    “I will be cheering England on from afar… One love, Dua.”

     

    Lipa, born in London to Kosovar-Albanian parents, is not the first major name to make a point of not playing in Qatar.

    Sir Rod Stewart recently revealed he turned down the opportunity.

    “I was actually offered a lot of money, over $1m, to play there 15 months ago. I turned it down. It’s not right to go,” he told the Sunday Times.

    “And the Iranians [football team] should be out [of the World Cup] too for supplying arms”, he added, in reference to Iran’s supply of explosive drones to Russia, which Iran has denied.

    Russia was suspended from all competitions by Fifa and Uefa in February, after the country’s invasion of Ukraine.

    US pop group Black Eyed Peas and Colombian singer J Balvin, however, are set to perform at events in Qatar during the tournament.

    Joe Lycett holds onto £10,000 in cash
    Image caption,Joe Lycett holds on to £10,000 in cash

    Comedian Joe Lycett, meanwhile, has issued an ultimatum to Qatar World Cup ambassador David Beckham.

    Lycett has promised to donate £10,000 of his own money to charity, if Beckham ends his reported multimillion-pound deal with Qatar.

    Homosexuality is illegal in the country, where same-sex relationships can be punishable by the death sentence.

    If the former footballer refuses, then Lycett has threatened to shred the £10,000 – just before the World Cup opening ceremony.

    Lycett says Beckham’s “status as a gay icon” will also be shredded if he doesn’t end his relationship with Qatar.

    The BBC has contacted David Beckham for comment, and his management responded: “We aren’t commenting at this time.”

    David Beckham
    Image caption,David Beckham represented England at three World Cups as a player

    Beckham has been urged to speak out on the criminalisation of same-sex relations in Qatar.

    Speaking to the BBC last year, a source close to the star said: “Of course David wanted to ensure that he was informed about the facts and any concerns that he might have for his gay friends, football supporters and fans.

    “Some of the laws and beliefs in the region differ to his own but the Qataris have always said that everyone will be safe and welcome at the World Cup in 2022 and he believes that commitment is sincere and has seen evidence of proactive engagement with the international LBGTQ community by the World Cup organisers.”

    Qatar World Cup ambassador Khalid Salman made headlines last week after it emerged he had referred to homosexuality as “damage in the mind”.

    Human Rights Watch called the former Qatar international’s comments “harmful and unacceptable”.

    Rasha Younes, LGBT rights senior researcher at Human Rights Watch, said: “The failure of the Qatari government to counter this false information has a significant impact on the lives of LGBT residents of Qatar, ranging from fuelling discrimination and violence against them to justifying subjecting them to state-sponsored conversion practices.”

    Organisers have said no-one coming to watch the tournament will be discriminated against.

    ‘Not a very good defence’

    Beckham’s former England and Manchester United teammate Gary Neville recently appeared as a guest presenter of Have I Got News For You, and was quizzed by team captain Ian Hislop over his decision to travel to Qatar to commentate on the World Cup.

    “My view always has been that you either highlight the issues and challenges in these countries and speak about them, or you don’t say anything and you stay back home and don’t go,” said Neville “I’ve always said we should challenge them.”

    To which Hislop replied: “There’s another option – you stay at home and highlight the abuses.

    “You don’t have to go and take the Qataris’ money. I’m not trying to be tiresome, but it is just not a very good defence.”