Thursday 17 August 2017
(Spy Ghana 07/20/17)
Mr Carlos Ahenkorah, a Deputy Minister of Trade and Industry (MoTI), has said that government was working on establishing a National Quality Council. He said such a Council would be made up of representatives of key ministries, departments and agencies, as well as the private sector to implement the National Quality Policy (NQP) and to coordinate the activities of institutions that oversee quality related activities, ensuring that health and safety of individuals and the environment were protected. Mr Ahenkorah made the disclosure on Wednesday in his opening remarks at a validation workshop of the National Quality Policy of Ghana in Accra. The two-day workshop seeks to corroborate the NQP, which had been under preparation some months ago and to further...
(Starrfmonline 07/20/17)
The Electoral Commission Chairperson Charlotte Osei has challenged the lawyer representing the so-called concerned staff of the electoral commission who are demanding her removal from office by the President. In a statement Wednesday, lawyers for Mrs. Osei dared the law firm of Maxwell Opoku Agyeman, to provide the full details of the petitioners or face her in court. A statement signed on the letterhead of Lawyer Opoku Agyeman’s law firm noted that a petition has been presented to the president to trigger an impeachment process against Mrs Osei. Among other things, the petition said “The petition claimed the EC chair “single-handedly renegotiated the contract with the vendor without the involvement of the members of the Commission, not even the deputies...
(Graphic Online 07/20/17)
The Minority Leader in Parliament, Mr Haruna Iddrusu has said that the National Democratic Congress (NDC) will resist any attempt by the Akufo-Addo led government to remove the Electoral Commission Chairperson, Mrs Charlotte Osei from office. According to him, the ploy by the Akufo-Addo government to get out the chairperson of the EC from office ought to be stopped by all concerned Ghanaians. Addressing a press conference at the NDC headquarters in Accra on Thursday, Mr Iddrisu said the NPP government has sacked many people who were appointed to head state institutions under the NDC era within its first six months in office. He therefore cautioned President Akufo-Addo and his government not to extend their 'sacking spree' of public servants...
(Reuters (Eng) 07/20/17)
JOHANNESBURG (Reuters) - Africa's major central banks are entering an easing cycle as they try to stimulate growth after months of drought, austerity drives and confidence issues across the continent, a Reuters poll found on Thursday. Much of southern and eastern Africa is still recovering after an El Niño-related drought wilted crops last year. Poor business confidence in South Africa and foreign exchange restrictions in Nigeria have also hampered growth. "We expect that African monetary policy is entering a widespread and protracted period of policy easing. This will provide a boost to growth," said John Ashbourne, Africa analyst at Capital Economics. Ghana, which agreed a three-year fiscal discipline deal with the International Monetary Fund in exchange for aid in 2015,...
(Reuters (Eng) 07/19/17)
A small unit on a tower building at Ghana's Parliament caught fire on Tuesday but the blaze did not cause any major damage or disrupt the use of the facility, the national fire service said. The fire started in a printing room on the 10th floor of the "Job 600" complex and spread to an adjoining kitchenette, fire service spokesman Billy Anaglate said. "We have put it out and everything is under control. It's not a threatening situation and we expect the complex to open for business tomorrow," Anaglate said. Firemen and other officials are investigating what may have started the fire, he added. Tuesday's fire was the second to have occurred in the 12-storey building, following a similar incident...
(APA 07/19/17)
One of the offices being used by Ghanaian parliamentarians in the 'Job 600' on Tuesday evening was engulfed by fire, APA learns here. The fire started around 6.30 pm local Ghanaian time on the 10th floor of the building, that serves 275 members of parliament across the length and breadth of the country. Reports on Wednesday morning say some few MPs and staff on the floor at the time of the fire escaped unhurt owing to the timely intervention of personnel from the Ghana National Fire Service (GNFS). Public Relations Officer of the GNFS, Mr. Billy Anaglate, said the fire which had affected some portions of the building, including an office and kitchen, was brought under control on time. Majority...
(APA 07/19/17)
Ghanaian President Nana Addo Dankwa Akufo-Addo has stated emphatically that the government will not extend its deal with the International Monetary Fund (IMF). The government will end the programme within the scheduled date of completion in April 2018, he declared. Responding to a question on the impact of the programme on the government’s proposed projects, the President made it clear that the NPP government will not go beyond the April 2018 deadline. “Typically in April next year, it will be completed under this government,” he announced. President Akufo-Addo was speaking during a press conference held in Accra, for the first time since assuming office in January 2017. The meeting with the press, according to the new Ghanaian leader, will be...
(Ghana Web 07/19/17)
President Nana Addo Dankwa Akufo-Addo has stated that his government has supplied over 35,000 metric tonnes of seedlings to farmers to help boost the agricultural sector in the country. According to him, the 'Planting for Food and Jobs' initiative has so far been able to register about 185,000 farmers although their target is to register about 200,000 farmers on the programme. Speaking at the media encounter on July 18, 2017, in commemoration of the Akufo-Addo administration’s six months in office, the President believes that “agriculture will provide a majority of the job creation”, therefore urged Ghanaians to pay urgent attention to every stage of farming. President Akufo-Addo further indicated that government has reduced the prices of fertiliser by 50% to...
(Ghana Web 07/19/17)
Ghana is the 18th most attractive economy for investments flowing into the African continent -- that is according to the latest Africa Investment Index (AII) by Quantum Global’s independent research arm, Quantum Global Research Lab. In 2016, Ghana attracted a net foreign direct investment of $3.5 billion, and according to research by Quantum Global Research, Ghana’s economy has experienced strong and robust growth over the past decade, making its success a case worth emulating by its regional peers. “Industry was the main driver of overall growth with an annual average growth of about 13 percent, followed by services sector with 8.4 percent and agriculture with about 8 percent. "The strong growth record has fostered the country’s graduation to lower-middle-income status...
(Xinhuanet 07/19/17)
Ghana loses about 290 million U.S. dollars and 79 million U.S. dollars annually to poor sanitation and open defecation respectively, state-owned Ghana News Agency (GNA) reported here Tuesday. David Duncan, United Nations Children’s Fund (UNICEF) Chief of Water Sanitation and Hygiene (WASH), said Ghana also ranked lowest in sanitation levels among all lower middle income countries, although richer than a lot. Duncan, who was addressing Municipal and District Chief Executives, and other stakeholders at a meeting on the UNICEF WASH programme in the Volta Regional capital, some 167 km north east of the national capital, attributed the situation to “but commitment and prioritization.” Ghana, he noted, was one of the lowest in terms of access to sanitation worldwide, saying it...
(Xinhuanet 07/19/17)
The Ghanaian government late Tuesday said it would continue with its program with the International Monetary Fund (IMF), contrary to media reports that it is pulling out of the program. In response to a question during an encounter with the media to mark his six months in office earlier Tuesday, president Nana Addo Dankwa Akufo-Addo said the IMF program is coming to an end next year with next year’s budget to be laid before parliament later this year. However, a statement signed by the finance Minister Ken Ofori-Atta clarified that Ghana will complete the IMF program through its budget cycle of January 2018 through December 2018 as stated by the president. The president’s remarks should therefore not be interpreted to...
(Graphic Online 07/19/17)
The Presidency has confirmed receiving a petition from some staff of the Electoral Commission asking that the chairperson, Mrs Charlotte Osei should be removed. The Director of Communications at the Presidency, Mr Eugene Arhin confirmed this to Graphic Online’s presidential correspondent, Victor Kwawukume on Wednesday afternoon. In the petition, EC staff, calling themselves concerned workers of the Electoral Commission (EC) are asking the President and and the Chief Justice to begin impeachment processes against the Chairperson of the Commission, Mrs Charlotte Osei for misconduct. In a six-page petition dated Thursday, July 13, 2017 and signed by their counsel, Maxwell Opoku-Agyemang, the group accused the EC Boss of misconduct, citing breaches of some provisions of the 1992 Constitution as well as...
(Ghana Web 07/19/17)
The Ghana Water Company Limited(GWCL) would require US$60m annually to undertake major system upgrades in the Accra and Tema metropolis alone, Maxwell Akosah-Kusi, a distribution engineer at the company has revealed. "To do all the various changes and distribution network and all of that, we will require an average of US$60m a year of investment, that is just Accra and Tema, so the whole country put together we are talking about huge sums of money," he told B&FT in an interview at the opening of the 77th Africa Water Association (AFWA) Scientific & Technical Council Session in Accra. These reforms forms part of GWCL's vision of universal coverage by 2025 where they intend to become a world class utility. Mr...
(Bloomberg 07/19/17)
Vodacom Group Ltd. sees the expansion of mobile-banking services into new markets in sub-Saharan Africa as a top priority following a shareholder vote to rubber stamp its purchase of a 35 percent stake in Safaricom Ltd., Kenya’s biggest company. “We will use Safaricom to enter other markets where neither Vodacom nor Safaricom are,” Chief Executive Officer Shameel Joosub said in an interview at the wireless carrier’s annual general meeting in Johannesburg on Tuesday. The two businesses have a combined 30 million mobile-banking customers, giving them “a very sizeable platform on the continent,” he said. Vodacom’s purchase of the Safaricom stake from U.K. parent company Vodafone Group Plc gives the South African company access to the fast-growing M-Pesa platform, which processed...
(APA 07/19/17)
An interaction President Nana Addo Dankwa Akufo-Addo had with the media dominates the press in Accra on Wednesday. The Daily Graphic says the President has assured that the economy was on the path to recovery following critical interventions put in place by his administration. He said his administration inherited a desperate economy necessitating that his administration roll out a programme to heal the economy for future growth. The Ghanaian Times said the various efforts made in the macro-economy of Ghana would soon trickle down to the individuals. He noted that reduced inflation and cost of borrowing over the past six months is a positive sign that his administration was on track to make the people benefit from them. The Daily...
(APA 07/19/17)
The Youth coach of Ghana’s Kumasi Asante Kotoko Football Club, Ernest Appau, has been handed an interim opportunity to handle the first team when they resume training, APA learns here Wednesday. The announcement has been made although the medical team is yet to declare players of the club fit enough to compete resume training and possibly continue with their league matches after they got injured in an accident last week. His appointment has become necessary because Kotoko Coach, Steve Polack and his assistance, were all injured seriously in the accident as well as some players of the team. Meanwhile further information has it that the players condition will not allow them to play in the league in next few weeks.
(Bloomberg 07/18/17)
PBC Ltd., the biggest buyer of cocoa beans from farmers in Ghana, is seeking to cut borrowing costs by arranging its first government loan guarantee in seven years. PBC is asking for a guarantee of as much as 400 million cedis ($91 million) from the government, acting Chief Executive Officer Nana Agyenim Boateng said in an interview. It’s also hired Accra-based Fidelity Bank Ltd. and the local unit of Standard Chartered Plc to market a 400 million-cedi one-year bond, mainly to pension funds, with the aim of lowering borrowing costs. PBC, which buys cocoa from farmers in the world’s second-biggest producer and sells it to the regulator, needs to borrow money each season to fund the purchases. While the Ghana...
(Ghana Web 07/18/17)
President Nana Akufo-Addo is blowing loudly the horn of a seeming macro-economic stability in the first six months of his administration. In his first media encounter with selected journalists and practitioners, the president did not fail to chronicle the rather weak economic foundation he inherited and how his government has worked towards stability. According to him, key on his agenda when he was sworn into office was how to stabilize the economy which had been ravaged by debts, high inflation and depreciating cedi. Even though he was aware of the enormity of the economic challenges at hand, he said he was "shocked" at the state of affairs he found in office. He said the depth of the problem required an...
(Ghana Web 07/18/17)
President Akufo Addo has stated emphatically that the government will not extend the deal with the international Monetary Fund (IMF). He says the government will end the program within the scheduled date of April 2018. Responding to a question on the apparent impact of the program on the government’s proposed projects, the President stressed that the NPP government will not go beyond the April 2018 deadline. “Typically in April next year, it will be completed under this government,” he stated when he addressed the media on Tuesday. There have been various comments whether or not the NPP government will extend the IMF deal agreed upon by the former NDC government. Senior Minister, Yaw Osafo Maafo at his vetting indicated that...
(Business Day Ghana 07/18/17)
Head of Department for Payment Systems at the Bank of Ghana (BoG), Dr. Settor Kobla Amediku, has indicated that movement of money from circulation into the banking system makes the country’s monitory policy very effective. This is as a result of the passage of the electronic banking issuance and agents guidelines by the central bank two years ago. According to him, the old ways of doing banking in Ghana is gradually phasing out with the advent of mobile phones. “We’ve now seen that the old day of brick and mortar banking is dying. Any bank who does not want to go digital, the next 5 to 10 years, is going to face serious challenges. This can be seen from the...

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