Ghana’s economic growth remains negative, rating at B3 – Moody’s
Business News of Tuesday, 7 September 2021Source: www.ghanaweb.com• Ghana’s economic outlook has been rated as negative• According to Moody’s the country’s long term issuer ratings stands at B3• This is as a result of the country’s increasing debt burdenGhana’s economic outlook has been rated negative by the international ratings agency, Moody’s, according to a Joy Business report. The agency has also affirmed the country’s long term issuer rating’s at B3. This development, according to the portal, reflects Ghana’s high and increasing debt burden which will likely not reduce any time soon. The agency also cited a persistent weak debt affordability, high gross borrowing requirements and liquidity challenges, social and financial risks following at the onset of the coronavirus pandemic, as its reasons for the ratings. Moody’s said Ghana will, for the time being, depend on domestic and international bond issuance to address financing needs.
Source:GhanaWeb
September 07, 2021 18:33 UTC
Coronavirus: We have the blueprint to revitalize the economy – Akufo-Addo declares
“Despite the ravages of the pandemic, we are working to grow the economy at a much faster pace this year. In the first quarter of this year, the GDP of the economy grew at 3.1%, in the second at 8.9%. Government has a blueprint for the revitalization of the Ghanaian economy from the effects of COVID-19. We have identified the relevant sectors of our economy requiring the needed investment and will help accelerate the rebound and growth of the Ghanaian economy as was witnessed in the immediate years before the pandemic struck,” he stated. The Spark Up Investment Forum Summit is the ultimate trade and investment summit to experience a comprehensive display of high-level government officials, business leaders and key industry players under one roof.
Source:GhanaWeb
September 07, 2021 18:22 UTC
Dadieso: Immigration Officers arrest hardened Togolese armed robbers
General News of Wednesday, 8 September 2021Source: mynewsgh.comImmigration Officers led by Chief Superintendent Opoku Agyemang have arrested two suspected armed robbers at Africa; one of the unapproved duty posts in the Western North Region of Ghana. According to information available to MyNewsGh.com, the Immigration officers On 6th September, 2021 at about 1545hr GMT, Officers and the Command Patrol team on their normal Patrols duties received intelligence from two persons on a Motorbike that their unregistered Boxer motorbike has been stolen at a gunpoint. Emmanuel Kombat in his written statement gave information on his accomplice Lala Mohammed who was later arrested by the Immigration Officers. Officers were able to retrieve one locally manufactured gun and three (3) cartridges from Lala Mohammed and one Boxer unregistered Motorbike which was being used by Emmanuel Kombat at the time of his arrest, two phones (Infinix Android phone and Itel phone) at the time of the arrest. However, a mob from the communities who wanted to lynch the arrested suspects caused damage to vehicles belonging to the Ghana Immigration Immigration Service.
Source:GhanaWeb
September 07, 2021 18:11 UTC
#TrendingGH: Why some Ghanaian women endure abusive marriages
Lately, the headlines have been dominated by all sorts of incidents surrounding spousal murder and physical abuse from partners who initially swore to be each other’s keeper. It is, however, interesting to note that some women no matter the gravity of physical abuse they face, continue to stay. GhanaWeb visited the streets of Accra to solicit opinions on why some women endure physical abuse in their marriages instead of backing out. On the part of these men, they are always getting frustrated and as such, they vent their anger on their wives.”“Women mostly remain in abusive marriages because of their kids. Because of my children, I have decided to remain single,” a single parent observed.
Source:GhanaWeb
September 07, 2021 10:07 UTC
Guinea coup: Two more likely to hit West Africa by December – Security expert warns
“What has happened in Guinea is painful. The continent of Africa within a year has experienced three coups and one attempted government takeover. Mali alone witnessed two with the recent event in Guinea becoming the latest incident of government topple in a year. Several of the comments shared in the aftermath of the coup in Guinea have attributed the seeming emergence of coup d’etats in Africa to a failure on the part of governing bodies on the continent. He warned that Africa may be plunged back into the era of rampant coup d’etats if the right measures are not taken.
Source:GhanaWeb
September 07, 2021 10:07 UTC
Ghana Railways Company declares war on persons stealing sleepers
General News of Tuesday, 7 September 2021Source: 3news.comThe Ghana Railways Company Limited has issued a stern warning to persons who have made it their preoccupation to steal rail lines (tracks) and steel sleepers belonging to the company to desist from such irresponsible and unpatriotic behaviour immediately. “The unfortunate behaviour of these miscreants has gone a long way in thwarting the efforts of the Government of Ghana in revamping the railway sector in the country,” a statement issued by the company and signed by its acting Managing Director, Dr Ing. The statement further warned that those involved in stealing rails, steel sleepers, and other railway materials would severely be dealt with by law enforcement agencies when caught. The company noted that the railway line is a national asset. Therefore, it is an offence for any unauthorized persons to remove any railway material from railway premises without authorization.
Source:GhanaWeb
September 07, 2021 09:56 UTC
RTU appoints new CEO
Sports News of Monday, 6 September 2021Source: GNATamale United (RTU), has appointed Kassim Perez, as its new Chief Executive Officer. Before RTU, he played for Savannah Stars FC and subsequently, Gbewaa United FC, which participated in the then National League in 1975. He assumes office as CEO of RTU with recognizable experience in football administration, social development, and strategic communication. He was the Northern Ghana Bureau Chief of the Ghanaian Chronicle newspaper between 1993 and 2003, under its founder and editor-in-chief, Mr. Kofi Koomson. He says “I foresee RTU as one of Ghana’s leading football clubs with the most exciting national soccer brand.
Source:GhanaWeb
September 06, 2021 12:56 UTC
Speaker’s decision not to declare Assin North seat vacant apt – Afenyo-Markin
General News of Monday, 6 September 2021Source: 3news.comDeputy Majority Leader, Alexander Kwamina Afenyo-Markin, has said the decision by the Speaker of Parliament, Alban Bagbin, not to declare the Assin North seat vacant is a step in the right direction. According to the Efutu lawmaker, the speaker should not even have been written to, to declare the seat vacant. Mr Bagbin had declined to declare the Assin North seat in parliament occupied by embattled National Democratic Congress’ Parliamentarian, James Quayson, vacant following the receipt of an order from the Cape Coast High Court. James Quayson’s victory was challenged in an election petition and was consequently annulled by the High Court on July 28. “So yes as we speak Mr Quayson has filed a stay of execution pending the hearing his appeal.
Source:GhanaWeb
September 06, 2021 12:45 UTC
Headmaster mercilessly beats the hell out of student over cardigan
According to the report, the grandfather of the girl told the paper that the headmaster gave the final-year student several strokes of the cane after she offered her cardigan to another mate of hers. Upon seeing the boy with another cardigan, the report added, the headmaster got furious and asked whose cardigan he was wearing. “As a result, he summoned all students present to further enquire about who helped the boy with the cardigan. Fearing they might be punished collectively, a boy pointed at Mary, following which the rest were freed,” the report stated. The student is said to have later reported the incident to her parents, who further lodged a complaint at the police station.
Source:GhanaWeb
September 06, 2021 12:22 UTC
Ghana coach names Lomotey, Fameyeh, Ashimeru in starting line-up against Bafana
Experienced USA-based defender Jonathan Mensah will return to the side to partner the hardworking central defender Alex Djiku as the Black Stars coach seeks to cement his defence. France-based midfielder Lomotey has profited from the nervy display of Iddrisu Baba in the previous match against Ethiopia which has resulted in the Spain-based player being axed. Fameyeh will be the attacker for the Black Stars in the game with captain Andre Ayew having the free role to support the attackers as well as supporting the midfield. The Black Stars reached the world showpiece in Germany in 2006 where they were making their first appearance. Full line up below:Richard Ofori (GK) Fatawu Mohammed Alexander Djiku Jonathan Mensah Gideon Mensah Mubarak Wakaso Emmanuel Lomotey Majeed Ashimeru Yaw Yeboah Joel Fameyeh Andre Dede Ayew (C)
Source:GhanaWeb
September 06, 2021 12:11 UTC
FLASHBACK: My wife is not a ‘burden’ so I have peace of mind to rule this country – Akufo-Addo
In an interview with pro-New Patriotic Party radio station Oman FM, the president described his wife as understanding and supportive of his political career. According to the president, his wife is no burden but rather ensures his peace of mind to rule. He said all thanks to his wife, First Lady, Rebecca Naa Okaikor Akufo-Addo, for being “understanding” and “supportive” over the years. “Oh, Rebecca is not a burden, she doesn’t worry me so I have my peace of mind to rule this country. You can’t rule a country with a destructive mind,” he said amidst smiles.
Source:GhanaWeb
September 06, 2021 09:45 UTC
NDC talk as if there was no poverty during their era - Nana Akomea
Diasporian News of Monday, 6 September 2021Source: www.ghanaweb.com• Nana Akomea says government is working to alleviate poverty• According to him the NDC act as if they ended poverty• He wants Ghanaians to bear with government in times of hardshipFormer Member of Parliament for Okaikwei South, Nana Akomea has chastised the opposition National Democratic Congress for acting as if poverty ended during their era. According to the New Patriotic Party stalwart, government’s interventions in the past is enough proof that they are helping to reduce poverty in the country. Nana Akomea noted that interventions like Free SHS and School Feeding programme are some of the things the NPP government have done to alleviate poverty. “My parents use to tell me they were given yam to school but now there is school feeding which offers good food and it’s an improvement on that,” Nana Akomea said on Peace FM. He added, “It’s helping reduce poverty levels.
Source:GhanaWeb
September 06, 2021 07:52 UTC
Akufo-Addo appoints Kofi Tutu Agyare as new VRA board chairman
Business News of Monday, 6 September 2021Source: www.ghanaweb.com• The Volta River Authority has a new Board Chairman• He is in the person of Kofi Tutu Agyare• The newly constituted Board of VRA have been tasked to ensure electricity is affordable to allPresident Nana Addo Dankwa Akufo-Addo has appointed Kofi Tutu Agyare as Charmain on the newly inaugurated board of the Volta River Authority, VRA. Tutu Agyare is coming to the role as a current managing partner at Nubuke Investment, an asset management and advisory firm. He also currently the Head of European Emerging Markets and a member of the Investment Bank Board. The new VRA board chairman has also pledged to work towards ensuring the transformation of the Authority and the Ghanaian populace. The new VRA Board Chair will be assisted by Chief Executive Officer of VRA, Ing.
Source:GhanaWeb
September 06, 2021 07:30 UTC
Deliberate approach required to raise Ghanaian entrepreneurs - Seidu Agongo
Business News of Monday, 6 September 2021Source: www.ghanaweb.com• Seidu Agongo has made a case for key investments in entrepreneurship• He believes the next crop of entrepreneurs in Ghana can lead to a massive economic transformation• Agongo is therefore calling for a deliberate and national approach to raising entrepreneursGhanaian businessman and philanthropist, Alhaji Seidu Agongo, has called for a deliberate approach towards raising the country's next crop of entrepreneurs to lead its economic transformation. In an article sighted by GhanaWeb, Alhaji Seidu Agongo pointed out that entrepreneurship, when well harnessed along with investments in productive ventures, can solve a lot of the nation’s teething problems for growth and ingenuity. “Our family system is still strong and that increases the interdependency ratio. Alhaji Agongo, who runs a consortium of businesses, explained that entrepreneurs can also serve as a source of relief to the government as they are able to create employment avenues and make contributions towards domestic revenue generation. “To do that we must prioritise rural/community entrepreneurship, sow and nurture the spirit of business ownership in the youth and purge ourselves of the political business cycle that emanates from the petty tagging of entrepreneurs with political parties.”
Source:GhanaWeb
September 06, 2021 07:18 UTC
SME is Ghana’s economic powerhouse – Kobby Andah
Mr. Andah urged SMEs to capitalize on the digitalization agenda of the Government and minimize cash transactions. Mr. Andah encouraged Banks to aid SMEs upscale their enterprises into large corporate Institutions by providing advisory services and also take a critical look at the interest rates charged on loans. He gave an example of how the Bank of Africa has designed a product specifically for SME businesses in its quest to promote and grow the SME segment. The Bank is currently granting loans in excess of GH¢250,000.00 without collaterals and financials to SME businesses. On the side of the government, Mr. Andah applauded it for all the good initiatives it had rolled out to support the SME sector.
Source:GhanaWeb
September 06, 2021 06:22 UTC