Akufo-Addo, Bawumia were engaging in ‘malata’ economic analysis in 2016 – Sammy Gyamfi

General News of Friday, 17 September 2021Source: www.ghanaweb.com• Sammy Gyamfi has accused President Akufo-Addo and Bawumia of engaging in 'malata' economic analysis• He said most of the things they talk about are now worse off under their tenure• He noted, the fundamentals of the economy are weakerSammy Gyamfi, the national communications officer of the National Democratic Congress (NDC), has said, prior to the 2016 general elections, President Nana Addo Dankwa Akufo-Addo and Vice President Dr Mahamudu Bawumia were always engaging in ‘malata’ economic analysis which made Ghanaians voted for them. He said, there is no ambiguity in former President, John Dramani Mahama’s description of the Ghanaian economy under President Nana Addo Dankwa Akufo-Addo and Dr Mahamudu Bawumia as being in shambles. Sammy Gyamfi reechoed Dr Bawumia’s famous statement ‘when the fundamentals are weak, the interest rate will expose you’ indicating that, the handlers of the economy have lost control that is why the cedi is in ‘free-fall’. “Today by [Dr Bawumia’s] standard, the fundamentals are weaker than they were in 2016 because if you look at the rate of depreciation today, it is unprecedented. “Apart from that, when you go to the market and you engage in the malata economic analysis Dr Bawumia and President Akufo-Addo used to engage in 2016 when they were in opposition, you would realize that we are worse off…,” Sammy Gyamfi argued.

Source:GhanaWeb

September 17, 2021 06:22 UTC


Women entrepreneurs in Ghana 8% less likely to gain access to capital than men - BoG

Business News of Thursday, 16 September 2021Source: www.ghanaweb.com• Women entrepreneurs in Ghana are 8% less likely to gain access to capital than men• This is according to data available from the World Bank’s 2017 Global Findex Survey• Ghana’s private sector is largley dominated by women entrepreneursSecond Deputy Governor of the Bank of Ghana, Mrs Elsie Addo Awadzi, has revealed women entrepreneurs in Ghana are 8 percent less likely to gain access to capital from financial institutions as compared to their male counterparts. According to her, data from the World Bank’s 2017 Global Findex Survey also showed that entrepreneurial businesses owned by women tend to remain smaller and less profitable than those owned by men. Delivering the keynote address at a graduation ceremony for the Women in Technology (WIT) Business Incubator programme organised by Standard Chartered Ghana, Mrs Addo Awadzi said it is essential to prioritize requisite access to business support services for women entrepreneurs particularly in the technology business space. “The participation of female entrepreneurs in Ghana’s fast-growing technology sector remains marginal although there is great potential for women to play a key role in this space,” she pointed. “This programme has no doubt been a major confidence booster for the young female entrepreneurs behind these 14 businesses that graduate today.

Source:GhanaWeb

September 16, 2021 18:45 UTC


‘His advise is total rubbish’ – Dr. Nyaho Tamakloe wants Bernhard Lippert sacked

Sports News of Thursday, 16 September 2021Source: www.ghanaweb.com• Dr. Nyaho Tamakloe wants Bernhard Lippert to lose his job• He claims Bernhard Lippert is part of the problem in the national team• The GFA is set to name the replace of the coach CK Akonnor in the coming daysFormer Ghana Football Association (GFA) Chairman, Dr. Nyaho Nyaho-Tamakloe, wants the Technical Director, Bernhard Lippert, to be sacked from his role. Dr. Nyaho Nyaho-Tamakloe’s comment comes on the back of the GFA’s decision to terminate the contract of Black Stars coach Charles Akonnor and his two assistant coaches, David Duncan and Patrick Greveraars, on Monday, September 13, 2021. But the former GFA boss believes that CK Akonnor alone shouldn’t be blamed for Ghana’s abysmal start in the 2022 FIFA World Cup qualifiers as he worked closely with the Technical Director of the GFA. He stated that he would have fired Technical Director Bernhard Lippert alongside CK Akonnor and his two assistant coaches because they all worked together. “I would have fired him [Lippert] immediately because it is his advise that led CK [Akonnor] into this sort of situation in which he is unless CK ignores some of the advises he gives.”“But if CK listens to him carefully then some of the technical advises he has been giving is totally rubbish and that led us to this sort of situation we find ourselves so if CK is gone, he should follow him,” he said in an interview with Metro TV.

Source:GhanaWeb

September 16, 2021 18:33 UTC


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