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Tag: Mohammed Amin

  • Ghana is close to ending negotiations with Eurobond holders – Finance Minister

    Ghana is close to ending negotiations with Eurobond holders – Finance Minister

    The government has made significant progress on the new terms for paying the $13 billion owed to creditors, and is now getting close to reaching an agreement with holders of Eurobonds regarding debt restructuring.

    This happened as a result of the International Monetary Fund’s (IMF) rejection of the suggested terms due to their inconsistency with its program, which aims to achieve sustainable debt levels by 2028.

    On the fringes of the Africa Development Bank’s recently concluded Annual General Meeting in Nairobi, Kenya, Finance Minister Dr. Mohammed Amin Adam spoke about these developments.

    “We are also close to ending our negotiations with the Eurobond holders. This year the figures we are seeing already show that we are likely to perform better than what was projected for the year,” he said.

    “And this is as the result of the increasing investment in agriculture and industrialization but we are also launching a new programme: a SME growth and opportunity programme that will mobilize resources to increase financing to SMEs,” he added.

    The Bank of Ghana reported that during the first four months of 2024, the Gross International Reserves position remained strong.

    The Gross International Reserves reached a record high of $6.59 billion in April 2024, which is equal to 3.0 months’ worth of import cover.

    Comparing this to the $5.91 billion (2.7 months of import cover) reported at the end of December 2023, there has been a noticeable rise.

    Furthermore, as of the end of December 2023, the Gross International Reserves—which do not include petroleum or encumbered assets—had increased significantly to $4.32 billion from $3.66 billion.

  • Tamale Teaching Hospital: Dialysis patients take turns due to limited number of functional machines

    Tamale Teaching Hospital: Dialysis patients take turns due to limited number of functional machines


    Patients receiving treatment at the Dialysis unit of the Tamale Teaching Hospital are voicing concerns regarding treatment delays attributed to the limited number of functional Dialysis machines available.

    The shortage of equipment has resulted in patients scheduled for bi-weekly sessions experiencing prolonged periods without access to Dialysis services due to the high demand for treatment.

    A renal patient, Mahamud Haruna, described the stress and tension arising from these delays, often leading to disputes among patients and their families.

    Despite being scheduled for dialysis sessions twice weekly, Haruna recently encountered a week-long delay in treatment due to overwhelming demand.

    ”Despite being scheduled for dialysis sessions on Tuesdays and Fridays, I’m yet to undergo the procedure. This past week my sessions were missed entirely. Despite my reluctance to complain, my nights are plagued by sleeplessness and difficult breathing and even shot walks leave me exhausted.

    “However, the availability of the machines and receiving the sessions brings immense relief. Each sessions cost 400 cedis for a dialysis with additional expenses totalling 500 cedis for consumables.”

    In a bid to alleviate patient suffering, Finance Minister Dr. Mohammed Amin Adam fulfilled his promise by donating three state-of-the-art dialysis machines within a month of committing to do so.

    Dr. Adam reiterated the government’s dedication to enhancing healthcare services for all Ghanaians and made a cash donation of GHc100,000 towards repairing the hospital’s underground water reservoir.

    TTH CEO, Dr. Adam Atiku expressed optimism that the new dialysis machines would address the rising demand for services and mitigate water shortage concerns in the coming months.

    He emphasized the significance of replenishing and modernizing the hospital’s equipment to ensure optimal healthcare delivery, especially with hospital expansion and the arrival of new specialists necessitating appropriate equipment for effective operation.

  • “We are almost through with our negotiation with IPPs to restructure arrears” – Mohammed Amin

    “We are almost through with our negotiation with IPPs to restructure arrears” – Mohammed Amin

    The government is on the verge of finalizing a deal with Independent Power Producers (IPPs) to restructure the debts in the energy sector.

    The Ministry of Finance aimed to complete the restructuring of arrears totaling over US$1.5 billion by the end of March 2024.

    IPPs have previously warned of potential power supply cuts if the substantial debts are not addressed. However, during a media briefing on Tuesday, March 27, 2024, Finance Minister-designate Dr. Mohammed Amin Adam revealed that discussions with the power generators are at an advanced stage to settle the debts.

    “Coming to the existing arrears, we are almost through with our negotiation with the IPPs to restructure the arrears over several years and as I speak to you, I believe in the next two to three weeks we’ll be signing those agreements with the IPPs we have concluded negotiation with.

    “We have even started showing our good faith to the IPPs by making some payments that we had agreed to do with them and this is why you do not hear the threats that you used to hear and read about from IPPs about threatening to shut down”, he disclosed.

    The Minister acknowledged the significant impact of the debt on the energy sector and stated that he would prioritize addressing the financial situation.

    “The energy sector continues to be a bother for us because the arrears are still huge on our books. We’ve seen significant progress in addressing not just the arrears but to prevent the accumulation of arrears going forward”.

  • Mohammed Amin can’t work without getting approval from Ofori-Atta – Isaac Adongo

    Mohammed Amin can’t work without getting approval from Ofori-Atta – Isaac Adongo

    The Member of Parliament for Bolgatanga Central, Isaac Adongo, has described President Nana Addo Dankwa Akufo-Addo’s removal of Ken Ofori-Atta as Finance Minister as mere ‘window dressing.’

    Mr Adongo explained that ‘window dressing’ refers to making something appear deceptively attractive or favorable.

    President Akufo-Addo removed Ken Ofori-Atta in a major ministerial reshuffle on Wednesday, February 14, which affected a total of 13 current ministers of state, including 10 cabinet ministers and two regional ministers. Mohammed Amin Adam has been appointed as the new Finance Minister, while Ken Ofori-Atta has been made the Presidential Advisor on the economy.

    In an interview on Eyewitness News on Citi FM, Mr Adongo expressed doubt about the effectiveness of the reshuffle, suggesting that Mohammed Amin Adam might have limited influence as long as Ken Ofori-Atta remains involved and influential in economic matters.

    “This is clearly window dressing. If you follow events and watch critically what has happened, I do not doubt the competence and the abilities of Dr. Mohammed Amin. He was my former colleague on the Finance Committee, my senior at school. I have a very good respect for him, except to say that they have given him the job in one hand and taken it with the right.”

    “Because now he is the Minister and they have appointed the very person they are removing as the Senior Presidential Advisor on the Economy what that simply means is that for Mohammed Amin to get any policy through in cabinet or through executive approval of the president, the president has to go and consult Ken Ofori Atta. And so technically it means that Mohammed Amin cannot do anything if Ofori-Atta is not in agreement because he would advise the president against it,” he stated.

  • Man resigns from job to work as a flat-pack furniture assembler full-time for £35,000

    Man resigns from job to work as a flat-pack furniture assembler full-time for £35,000

    A former delivery driver who now works as a professional flatpack furniture assembler makes more than £35,000 annually.

    Mohammed Amin, 28, made the decision to purchase a van while searching for more ways to earn money in his prior work.

    He started doing odd chores for individuals, like building and dismantling furniture, to make some additional cash.

    Yet when the need for his furniture making skills swiftly increased, he realized he could make it a full-time career.

    Mohammed left his delivery driver days behind and now rakes in roughly £3,000 a month to put up sofas, tables, and desks for DIY-shy customers. 

    The jobs can take him anywhere from a few minutes to a few hours each time.

    The handyman, from Whitechapel, in east London, said: ‘You can be working for a company and build up their empire, most jobs that require a man in a van I will take on and the odd other jobs I have been doing involve assembling and dissembling furniture.

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    Mohammed Amin. A professional flatpack furniture assembler rakes in more than ?35k a year after making it his full-time job. See SWNS story SWMRwork. Mohammed Amin, 28, was working as a delivery driver and looking for opportunities to earn more money. After buying himself a van, Mohammed started a side hustle completing odd jobs for people such as building and removing furniture. He saw a demand for furniture building from DIY-shy people - and is paid roughly ?3k a month to put up sofas, tables, and desks which take him either a few minutes or a few hours each time. Now 12 months on, Mohammed saw such a demand for professional furniture assembly, he has quit his job and is doing it full time - earning more than ?35k.
    After buying himself a van, Mohammed started a side hustle completing odd jobs for people.

    ‘If people need help changing a room around I do a bit of that too, I thought, ”I can do this. I can make a lot of money.”

    ‘It came to the point where I didn’t want to work for anyone and I wanted to get out there and get the job done.’

    Mohammed started his side hustle in early 2022 after being urged sign up to Airtasker, a local services marketplace. 

    He was able to leave his previous venture just four months in after earning more than £12,000. 

    Mohammed Amin. A professional flatpack furniture assembler rakes in more than ?35k a year after making it his full-time job. See SWNS story SWMRwork. Mohammed Amin, 28, was working as a delivery driver and looking for opportunities to earn more money. After buying himself a van, Mohammed started a side hustle completing odd jobs for people such as building and removing furniture. He saw a demand for furniture building from DIY-shy people - and is paid roughly ?3k a month to put up sofas, tables, and desks which take him either a few minutes or a few hours each time. Now 12 months on, Mohammed saw such a demand for professional furniture assembly, he has quit his job and is doing it full time - earning more than ?35k.
    He now earns more than £35,000 a year.

    The DIY-expert estimates to have done around 330 tasks for people since starting just over a year ago. 

    He manages the steady salary working just 30 hours a week and was even recognised as one of Airtasker’s Top Taskers in 2022 for his services on the app. 

    Mohammed mainly takes ‘day jobs’ that can be quickly completed in order to maximise his daily work rate. 

    Mohammed continued: ‘Most of my jobs are a man in a van job, I am very hands-on.

    ‘I dissemble and reassemble furniture, if people need to move items, I take that on too.

    ‘I quit my old job as I started to see that I can do more jobs and earn more doing what I do now compared to my old job.’