Wednesday 18 April 2018
(Ghana Business News 07/19/13)
Parliament on Thursday passed the amended Ghana Investment Promotion Centre (GIPC) Bill 2013, revising the country’s investment laws to reflect changing economic dynamics to guarantee optimum business opportunities and incentives for Ghanaian enterprises. The Bill, that seeks to repeal the GIPC Act 1994 (Act 478), generated angst among foreign investors when it was placed before Parliament in March this year, with the investors arguing that certain interventions in the modified legislation held serious implications for foreign direct investment into the Ghanaian economy. But Government, through the bill, is keen to regulate investment policies to foster efficiency in attracting strategic foreign direct investments that would inure to the benefit of Ghana’s development drive, and provide Ghanaians with opportunities to take advantage...
( 07/19/13)
The reason Vice Pres. Paa Kwesi Amissah-Arthur has been chosen over the heads of seasoned NDC ministers, is to perpetuate the IMF/World Bank SAP programme that has forced successive governments to sell off all our key commodity exports and industries (gold, diamond, cocoa, oil; Ghana Telecom, Ghana Airways, GIHOC, etc). He is the technocrat politician who must complete Ghana’s economic recolonisation that started with Dr. Kwesi Botchwey, Dr. Joe Abbey – doctors of economic treason in cahoots with Asante Gold’s Kwesi Jonah. This post questions Ghana's/Africa's collective silence - how this silence contributes to our nation being conned and hypnotised by the IMF/World Bank's (IMF/WB) Structural Adjustment Programme (SAP) ‘globalism’, with the help of the above individuals. Thinking through a...
(Myjoyonline 07/19/13)
Ghana has been given two positions on the Economic Community of West African States (ECOWAS) Commission at the just ended 43rd ordinary meeting in the Nigerian capital, Abuja. The positions are Commissioner for General Administration and Deputy Director General of the Inter-governmental Action Group Against Money Laundering. The Inter-governmental Action Group Against Money Laundering is an inter-governmental group to fight money laundering and terrorism in the sub-region. Among other things, the ECOWAS Commission has a mandate to develop a comprehensive regional strategic plan, indicating the major implications and strategic options for the implementation of its programmes in the ECOWAS subregion. The Commission, through its Strategic Planning Directorate, also has a mission of ensuring the formulation of a sub regional strategy...
(Ghana Business News 07/19/13)
Dr John K. Kwakye, a Senior Economist of the Institute of Economic Affairs, has called for a long-term National Development Plan that is based on a widely-consultative process to be implemented by all successive governments. Dr Kwakye said the plan should contain broad socio-economic targets in order not to excessively tie government hands. Dr Kwakye, who made the call at a news conference on Thursday, in Accra, on the state of the nation’s economy, said the country’s poor socio-economic performance was the result of lack of a national development plan. He said the post-independence Development Plans lacked the autonomy and resources to carry out its work effectively and that these plans were overturned by succeeding governments. Dr Kwakye said currently...
(Myjoyonline 07/19/13)
A lecturer at the Department of Accounting and Finance of the University of Cape Coast, John Gatsi has emphasized the importance of using Ghana's pre-existing human capacity to build capacity and strengthen sectors within the economy. John Gatsi was responding to the practices of Global Training Consult (GTC) within Ghana on Joy News Current Affairs Program PM:express . He said rather than using institutions such as these to build Ghana’s capacity, Ghana must implement its own human capacity and skills. Paula Nicholson, Associate Director of GTC, however explained that as a philosophy and purpose, the international institution GTC strives to provide emerging economies with the necessary tools to help them build capacity within their own country and help sectors such...
(Vibe Ghana 07/19/13)
Former President Jerry Rawlings says the humour brought to bear on the election petition hearing by the President of the nine-member panel, Justice William Atuguba, largely reduced political tension in the county. Justice Atuguba intermittently dropped witty and funny comments which sometimes threw the entire court into laughter during the 46 days of the substantial hearing of the case. The last of such string of humorous comments was on the last day before the court adjourned to July 31. Justice Atuguba mirthfully mocked the Chairman of the Electoral Commission, Dr. Kwadwo Afari-Gyan about the latter’s “got to court” comment on December 9, 2012 before declaring the presidential results of the 2012 elections. Speaking at a national peace summit organised in...
( 07/19/13)
Chairman of the National Peace Council, Rev Professor Emmanuel Asante, has called on Ghanaians to ensure that the pronouncement of the verdict from the election petition hearing unites them instead of causing divisions. According to him, “there is personal or individual responsibility, group responsibility such as parties and their supporters, communities and their leaders and collective responsibility shared by all who lead on this land, Ghana... The purpose of this summit is to prepare the nation to take the unique opportunity that the election petition has brought and make it a victory for our democracy; a victory that all of us can share in.” he added. Speaking at the ongoing peace summit at the Banquet Hall in Accra aimed at...
(Myjoyonline 07/19/13)
The Greater Accra Regional chairman of the ruling National Democratic Congress, Joseph Ade Coker has warned those plotting to cause mayhem after the Presidential Election verdict of the Supreme Court to reconsider their decision. According to him there are some unseen faces that may be planning to destabilize the country if the election petition did not go their way and warned such people will not be countenanced. He was joining calls by Civil Society groups for parties in the petition, the NDC and NPP to sensitize their supporters before the verdict of the case is given. The petition which started April 16 this year is gradually coming to an end, as the Supreme Court breaks to make parties in the...
( 07/19/13)
We urge all Ghanaians to prepare to accept the pronouncement of the Supreme Court in relation to the 2012 Election Petition when reached by the Court. As a people, we must all play our roles in ensuring that Ghana becomes the ultimate winner. If we believe that our nation is a nation of laws, we must respect the Rule of Law. This means that a verdict reached by the Constitutional body, which interprets the law and to which we all go to seek redress, must be accepted. As a people, we are obligated to accept the outcome in good faith, and in the interest of our Democracy, our National Unity, our National Peace and the Stability of our Nation. As...
(Vibe Ghana 07/19/13)
The Deputy Minister of Water Resources, Works and Housing, Sampson Ahi has revealed that a Brazilian company would soon start the construction of over 5,000 housing units in the country. According to him, plans are far advanced for the Brazilian company which he failed to name to construct some affordable houses for the people of Ghana. “By next month there is a company from Brazil that would build 5,000 housing units. We have done all the necessary work and they would start work by next month” Hon. Ahi said. Speaking in an interview with XYZ News, Hon. Sampson Ahi added that Ghana needs 241 million cedis to complete some existing affordable housing projects across the country. The deputy Minister said...
( 07/19/13)
Sources close to Citi News indicate that a crunch meeting between the Ministry of Transport and the leadership of the Ghana Private Road Transport Union (GPRTU) will be held next Thursday to discuss new transport fares for drivers. The meeting comes days after the National Petroleum Authority announced an increase in the price of petroleum products; a decision which caused much agitation among drivers of commercial vehicles across the country. The drivers were of the opinion that though fuel prices had been increased, they were restricted from increasing their fares. Though it is unclear what percentage of increment might be announced after the meeting, sources indicate the union will push for the addition of the operational cost of maintaining vehicles...
(The Chronicle 07/19/13)
The Progressive People’s Party has learnt with grave concern the continuous detention of the two fire suspects for their alleged activities resulting in the Makola and Kantamanto markets. Yesterday, the court failed once again to grant bail to the two fire suspects, Yakubu Tahiru, 28 and Fatau Ibrahim, 22 because the prosecution failed to present the suspected arsonists before the court. It is a shame that State officials who are entrusted with the responsibility to protect all citizens have sacrificed individual rights in the pursuit of government’s partisan propaganda. The lack or the non-existence of credible evidence gathered by the police cannot be justifiable grounds to continuously detain the suspects. The NDC government now has eggs on its face. The...
(AFP (eng) 07/18/13)
ABUJA, July 18, 2013 (AFP) - West African leaders on Thursday insisted Mali's presidential election would be held on July 28 as scheduled despite doubts over whether the crisis-hit nation was ready to organise a vote. The polls are seen as crucial to re-uniting the country which remains shaken after a March 2012 military coup and a sweeping offensive by Islamist rebels who captured the entire north before being flushed out with the help of French troops. Ivory Coast's President Alassane Ouattara, current chair of the 15-nation West African bloc ECOWAS, said "there are no doubts" the vote would be held on time.. The polls would take place "on the scheduled date," the Ivorian leader said at the close of...
(Ghana Business News 07/18/13)
A UN group of experts has urged Ghana to step up human rights protection as the country’s economy keeps expanding. Ghana’s economy grew by 7.9% in 2012 led by the services sector, according to the Ghana Statistical Service who revised its figures in April 2013. The economy, as at the end of 2012, had a value of GH¢73.1 billion in terms of GDP. After a ten-day official visit to Ghana, the five-member UN Working Group on Business and Human Rights at a press briefing in Accra July 17, 2013 cautioned that the country needs to prepare its economy, society and institutions to ensure expanding the economy does not undermine human rights protection. “Rapid economic growth can pose big challenges for...
(Ghana Business News 07/18/13)
Vice President Kwesi Amissah-Arthur has appealed to the International Fund for Agricultural Development (IFAD) to increase its assistance to rural communities to create other forms of employment to absorb labour released from farming. He commended the activities of the United Nations Agencies in Ghana, for their support to the economy but also observed that the absence of other more agri-business activities apart from farming had made many the youth swarmed in the cities for non-existent jobs. Vice President Amissah-Arthur made the appeal when Dr Felix Kanayo Nwanze, the recently re-elected President of the Rome-based organization, led a delegation to call on him at the Flagstaff House, at Kanda, in Accra. The IFAD President is in Accra to attend the Sixth...
(BBC News Africa 07/18/13)
The legal age for marriage in Ghana should be raised from 18 to 23, chief government statistician Philomena Nyarko has said. This would make women better prepared, physically and mentally to have children, she said. It could also slow population growth in Ghana by 15% to 20%, Ms Nyarko added. Her proposal comes as MPs in Nigeria are debating whether to scrap the 18-year age restriction for marriage so that people can wed earlier. Some Muslim MPs argue that the restriction violates Islamic law, which allows marriage at the age of puberty. Nigeria, Africa's most populous country, is roughly divided between Muslims and Christians. Ms Nyarko said that women who delayed marriage and pregnancy until the age of 23 would...
(Voice of America 07/18/13)
The president of the Economic Community of West African States (ECOWAS) says the regional bloc is working with its international partners, other stakeholders, and Mali’s government to ensure a successful July 28 presidential election in Mali. Ambassador Kadre Desire Ouedraogo says ECOWAS is committed to help Mali conduct a peaceful and credible election. Ouedraogo’s remarks came during a two-day regional leaders summit that reviewed the political and security situation in Mali. The meeting ends on Thursday. Mamadou Diamountani, chairman of Mali’s electoral commission, has said that carrying out a successful election will be challenging. But, Ouedraogo says the regional bloc is working with the electoral commission to ensure the vote goes ahead. “ECOWAS has committed itself to assist the Malian...
( 07/18/13)
Road transport operators have served notice to passengers and commuters to get ready to pay higher transport fares. The pump price of petrol was yesterday increased by approximately 1.71%, Diesel by 1.27% and LPG by 6.18%. Transport operators have however resolved not to increase fares until next week to enable them factor in other operational costs.This was after their meeting with government and other stakeholders yesterday These increases are marginal, prompting suggestions that fares be maintained. Transport operators have however resolved not to increase fares until next week to enable them factor in other operational costs because according to them, fares are not determined exclusively by fuel prices hikes. This was after their meeting with government and other stakeholders yesterday...
(Myjoyonline 07/18/13)
Chief Executive Officer (CEO) of the Ghana Chamber of Mines, Dr. Tony Aubynn, says government’s 5% corporate tax coupled with falling gold prices on the international market is likely to result in significant job losses in the sector. According to him, it is not only jobs that would be lost, but every aspect of the business operation of mining companies would have to be reviewed to ensure profitability. “Once prices tend to reduce, and the projection is that they are going to reduce more, and once the cost [of doing business] keeps going up, the rational thing to do is to review all your operations,” said Dr Aubynn. The mining companies also said they may have to suspend agreements with...
(Myjoyonline 07/18/13)
Managing Editor of the "Insight" newspaper, Kwesi Pratt Junior has said, the current four-year electoral cycle undermines long-term planning needed to turn this country. Mr. Pratt made this observation on Metro TV’s Good Morning Ghana program, Wednesday. The social commentator observed that short-election cycle was encouraging a politics of quick fixes such as increasing petroleum prices and communication service tax because it is easy to collect. He noted, opposition parties always have brilliant ideas but as soon as they win elections, these ideas evaporate. But he explained that, this was because four-year tenure only encourages easy solutions. The senior journalists said, in its first year, a new government usually “gropes in the dark” as it tries to gain a hold...

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