The International Monetary Fund (IMF) has predicted a tough 2023 as it cut growth predictions and forecast economic contraction in a third of the world. “The worst is yet to come,” the global financial institution’s World Economic Outlook report said. “For many people 2023 will feel like a recession,” it added. A downward revision of the global growth rate for 2023, from the amount the IMF said it expected in July, has been made in the report. Now, 2.7% growth is expected next year. It’s down from the 6% growth experienced last year and the 3.2% growth forecast for this year....
This should be the last time we go to the IMF – Mahama
Former President, John Dramani Mahama, says Ghana’s current negotiations with the International Monetary Fund (IMF) should be the last of its kind. According to him, the country must create sustainable policies to keep the economy afloat, without ever resorting to the IMF. Speaking in an interview on VOA on Wednesday, he blamed the prevailing economic woes on macro-economic instability and “government’s borrowing spree.” Mr. Mahama, therefore, expressed his displeasure with the economy and added that the country’s ongoing talks with the global lender should be the last. “This should be the last time we go to the IMF. Going and...
President Akufo-Addo inaugurates renovated Embassy building in Paris
President Nana Addo Dankwa Akufo-Addo last Tuesday inaugurated the renovated building of the Ghana Embassy in Paris, France, with an assurance that Ghana would continue to build on its relations with Francophone countries. He said the geographical, blood and historical ties between Ghana and the Francophone world had been long-standing, adding that Ghana’s relations with the three countries with which it shared borders, for instance, informed public policy in Ghana. “This has been the central point of Ghanaian diplomacy ever since we achieved independence,” he said. The President thanked Ghana’s Ambassador to France, Anna Bossman, and all those who helped...
Local contractors to drag government to court over 10 billion debt
The Ghana Chamber of Construction Industry has threatened to take legal action against government, for failing to pay over 10 billion cedis accrued debt it owes contractors. The contractors lament that for over four years now, government has stalled in paying contractors for work done. A situation they say is having a negative toll on both businesses and their personal lives. Speaking at a Press Conference in Accra, the Chief Executive Officer of the Ghana Chamber of Construction Industries, Emmanuel Cherry says their members will resort to the courts to compel government to pay them. “Approximately 10 billion Ghana cedis...
Koforidua Jackson Park redevelopment project collapses; two workers wounded
Two construction workers working on the redevelopment of the Koforidua Jackson Park project are receiving treatment at the Koforidua Government Hospital after a section of the building collapsed on them. The entire roofing of the stand came down during a short rainfall, which was accompanied by a wind. The project which was supposed to be completed in 12 months is yet to be completed a year after it was awarded. Some residents who witnessed the incident blamed the New Juaben South Municipal Assembly for supervising a substandard work. “It is unfortunate that, government invested money into this new project, and...
Go back to work; we’ll pay salaries by Friday – MMT tells striking workers
Management of Metro Mass Transit Company Limited has assured staff of the company that they will receive their August salaries by Friday, October 14, 2022. This comes after workers of the company, laid down their tools over the delay in the payment of their two months’ salaries. The employees are also demanding the dismissal of their Managing Director, whom they blame for their current condition. Head of Communications at Metro Mass, George Asante, told Citi News the leadership of the workers would be engaged to call off the strike as payment processes are underway. “By Friday, we will be able to close the...
Sammy Gyamfi slapped with ¢500k damages for defaming Opoku Prempeh
The National Communications Officer of the National Democratic Congress (NDC) Sammy Gyamfi has been slapped with ¢500,000 damages after losing a defamation case with Energy Minister Dr Mathew Opoku Prempeh. The High Court, Accra, General Jurisdiction 12, presided over by Justice Charles Gyamfi Danquah, delivered the judgement on Thursday 13th October 2022. The court found that Sammy Gyamfi defamed Dr Matthew Opoku Prempeh, who is also lawmaker for Manhyia South when Sammy Gyamfi, at a press conference in June 2019, stated that Seidu Yakubu MBA, suspected of being involved in the kidnapping of the 2 Canadian girls in the year 2019, is...
Galamsey: Ghana is a country of dishonest leaders across board – Agyeman-Duah
A Former United Nations Senior Governance Adviser, Professor Baffour Agyeman-Duah has said in relation to the fight against illegal small scale mining (Galamsey) that Ghana is a country full of hypocritical leaders. In his view, the leaders, whether religious or political, know the cause of galamsey yet are playing the usual blame game. Speaking on the Ghana Tonight show with Alfred Ocansey on TV3 Wednesday October 12, Prof Agyeman-Duah who is also the Chief Executive Officer of the John Agyekum Kuffuor Foundation said “One thing we have to understand is that this country, our political leaders and leaders across board, religious leaders...
No contaminated sausages on the market – FDA Assures.
The Food and Drugs Authority (FDA) has assured the general public that no contaminated sausages have been found on the Ghanaian market. The assurance comes after the Authority said that the recall of Agricola Tre Vali sausage products, namely, AIA Wudy and Pavo brands, by the Italian authorities was due to the presence of Listeria bacteria in these sausages made from poultry meat. Two batches with codes 1785417 and 01810919 with an expiration date of November 30, 2022, are implicated. Considering the recall activities ongoing in Europe and other countries, the FDA also conducted a market surveillance activity, and Pavo...
Madina Constituency MP launches Youth in Driving Project.
The member of Parliament for the Madina Constituency, Lawyer Francis Xavier Sosu yesterday 11 October 2022 launched the Youth in Driving Project.The project known as the ”Madina job center ” which was put together by the MP was established in November 2022 to reduce unemployment within the Madina constituency. The Madina Job Center first trained 100 women in mushroom farming, it also inaugurated youth in riding, youth in poultry farming and youth in catfish farming among others. Lawyer Sosu revealed that many youths have been connected to various aspects of jobs in the country which is known as the...