Fitch has noted that Ghana’s public finances are worsening. The international credit rating agency said this is attributed to the downgrade of the economy to ‘CCC’ from ‘B-. “The downgrade reflects deterioration of Ghana’s public finances, which has contributed to a prolonged lack of access to Eurobond markets, in turn leading to a significant decline in external liquidity. “In the absence of new external financing sources, international reserves will fall close to two months of current external payments (debits in the current account) by end-2022,” Fitch said while announcing the downgrade on Wednesday August 10, 2022. Fitch further said Ghana’s...
Even if you cut our thumb, we vote for NPP with our tongue but not in 2024 – Kwabre East Chief
Traditional authorities within the Kwabre East enclave are gnashing their teeth as they say their quests for developments have hit brim level, waning their patience. The traditional authorities say their continuous silence on lack of development in the area has really cost them hence their recent protest to drum home the hunger and thirst for amenities such as tarred roads, markets and potable water. Speaking exclusively on Akoma FM’s current affairs and political show GhanAkoma Wednesday, August 10, Chief of Mampongten Barima Saasi Ayeboafo II told host of the show Aduanaba Kofi Asante Ennin that “we have not seen a single tarred road...
China-Taiwan tensions; why Ghanaians should be worried.
The global economy was hit hard by the coronavirus pandemic in 2020, mostly affected were low and middle-income countries who were facing high risk of debt default. Then came the Russia-Ukraine conflict which took a heavy toll on most countries including Ghana. The Ghanaian economy was affected by a high inflation on goods and services hitting close to 30%, depreciation of the Cedi, and an increase in oil prices. A possible conflict between China and Taiwan increases day in day out after Nancy Pelosi’s visit and the anger that ensued. China views Taiwan as a breakaway region, and as such...
Deceased left school without exeat- Tweneboa Akodua SHS headmaster
The final year student of Tweneboah Kodua senior high school in the Ashanti Region who was murdered at Manso left the school without an exeat, according to an official statement of the school. The deceased, who was 17-year-old left the school without the knowledge of authorities. He is identified as Daniel Osei-Mensah. The police have arrested two persons including a minor final year student of Tweneboah Kodua senior high school. According to the police, they arrested suspect Eric Anning and a minor with the support of some members of the Fiankoma community in the Ashanti region. The two are said...
Ablakwa respond to Akufo Addo’s positive rating of ministers.
The Member of Parliament (MP) for North Tongu , Samuel Okudzeto Ablakwa has condemned the president’s positive assessment of his appointees. According to Mr.Ablakwa, the president is out of touch with reality for not seeing the need to reshuffle the executives. He added that this is dangerous to the country’s democracy. This comes at the back of the president’s comments he made on his two-day tour of the Northern Region. According to the president, he is impressed with his appointees thus there is no need for a shake -up among the executive body of government. The President also believes calls...
Cement prices expected to go up
Cement prices are expected to be increased from next week. The price of a 50-kilogram bag is expected to increase from ¢59.00 ¢68.00. The increment is necessitated by a sudden rise in the cost of operations, from July 2022, as a result of a sharp depreciation of the cedi over the past month. According to some of the manufacturers, it has been very difficult to absorb all the rising costs of operations, and there is a need to share some of the burdens with consumers. The factory price (whole sale price) of a 50 kilogram was about ¢59.00, which was...
Ghana to host largest international petroleum conference
West Africa industry leaders, experts, and decision makers in the petroleum downstream industry are gearing up for what is anticipated to be the largest Ghana International Petroleum Conference (GhipCon) yet as organizers reveal another milestone for the West Africa’s most influential oil and gas event. The conference which is been organized by the National Petroleum Authority (NPA) in collaboration with the African Refiners and Distributors Association (ARDA) and under the auspices of the Ministry of Energy and the Ghana Chamber of Bulk Oil Distributors (CBOD), will take place at the Kempinski Hotel Gold Coast City, Accra from the 28th -30th...
Body of missing Chinese found in dam at Esaase
The body of a Chinese man who went missing has been retrieved from a dam at Esaase in the Kwahu West Municipality of the Eastern Region. The Chinese who worked with a mining company as a supervisor for the construction of some roads in the district went missing after his car sunk into a dam in the community. His car is reported to have skidded off the road into the dam while on duty. A search party deployed to find him yielded no result. He was, however, found by the rescue team after traditional authorities poured libation. The body of...
Akufo-Addo shoots down calls for reshuffle
President Nana Addo Dankwa Akufo-Addo has shot down calls for him to reshuffle his ministers. In the President’s view, many of his ministers have performed good. Speaking in an interview on North Star radio in Tamale on Monday, 8 August 2022, he said many of his ministers “for me have done outstanding work. Their output has been considerable, and that is what I look at.” “If the output measures expectations, then I don’t have any strong reasons to heed the call,” Nana Akufo-Addo added. He said people have their own ulterior motives for calling for reshuffle. Among them, he noted...
Ghanian passengers lodge official compliant against delta airlines
Some seven Ghanaian passengers have lodged an official complaints with US government office of Aviation consumer protection under the Department of Transportation against management of Delta Airlines Inc for ” unprofessional ” ” unethical” and ” irresponsible” handling of a flight from JFK International Airport to Accra last month. The original scheduled flight was on Sunday , July 24, but was rescheduled to Monday July 25. On the schedules date, the flight had to return to make an emergency landing after two hours in flight due to fuel shortage. This forced another re scheduling to Tuesday, July 26 while those...