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  (John Dramani Mahama) John Dramani Mahama, the flagbearer of the opposition National Democratic Congress (NDC), has vehemently refuted claims made by Finance Minister Ken Ofori-Atta regarding Ghana’s economic trajectory, insisting that the present economic conditions speak otherwise. Speaking at the 9th Ghana CEO Network Business Cocktail, the former President emphasized his concerns about the prevailing economic challenges faced by businesses and citizens across the country. READ ALSO:  Mahama Pledges to Halt Mining Activities In Forest Reserves Contrary to the Finance Minister's expressions of optimism regarding the country's economic revitalization, Mahama highlighted the continued crisis faced by numerous businesses, stating, "Many businesses still bear the brunt of the economic meltdown. This is because, contrary to the Finance Minister’s assertion, we have not turned any corner, and 2024 will be a very challenging year." Shop With Us: https://www.etsy.com/shop...

  ( Dr. Joseph Obeng,  President of GUTA ) Ghana Union of Traders Association (GUTA) has expressed its delight over the decision to suspend the Export and Import Regulations 2023 Bill, a move that has been welcomed by the association's President, Dr. Joseph Obeng. He emphasized the significance of further consultations and underscored GUTA's commitment to providing essential inputs for a more comprehensive bill. Related To This:  Business Associations Petition Parliament To Reject Import Restrictions Bill Dr. Obeng extended appreciation to all Ghanaians who raised their concerns, acknowledging their collective impact on prompting the government to halt the bill. He outlined the association's efforts, including petitions to key parliamentary authorities, illustrating how these efforts, combined with broader sentiments, have successfully influenced the governmental decision-making process. Shop With Us: https://www.etsy.com/shop/SokoMalls Eschewing the notion of requiring p...

  Kwame Anyimadu-Antwi, the Chairman of the Constitutional, Legal, and Parliamentary Affairs in Parliament, has cautioned the Minority to exercise caution in their criticism of the processes related to the passage of the Proper Human Sexual Rights and Ghanaian Family Values Bill. Expressing his concerns to journalists in Parliament, the Asante-Akim Central MP emphasized the pivotal need to avoid casting insinuations and politicizing the proposed legislation, asserting that resorting to such actions could adversely impact the entire process. Related To This:  Ghana's Economy Will Be Negatively Impacted If The Anti-LGBTQ Bill Is Passed - CDD Fellow Mr. Anyimadu-Antwi stressed the importance of depoliticizing the discourse around the bill, urging stakeholders to refrain from associating the proposed legislation with partisan colors. He underscored the potential negative repercussions of politicization, alluding to the potential for impacting crucial decisions that lie ahead in th...

  Former President John Mahama has formally submitted a petition to the Criminal Investigations Department (CID) of the Ghana Police Service, seeking an investigation into the unauthorized use of his official letterhead and credentials by certain members of the New Patriotic Party (NPP). The petition, dated October 4 and filed by his legal representatives, Praetorium Solicitors, calls for a comprehensive inquiry and possible prosecution of those party members involved in the act. READ ALSO:  We Have Not Turned Any Corner – Mahama Disputes Ofori Atta's Claim On Economic Progress The submitted petition points to an incident on October 2, where copies of a document bearing the former president's seal and style surfaced on various social media platforms, purportedly authored by Joyce Bawah Mogtari. The document, titled "Memo: Support for the Occupy the BoG Demonstration," was falsely attributed to Mahama's office, a disavowal emphasized in the petition. Shop With Us: ...

  The International Monetary Fund (IMF) has underscored Ghana's prospect of accessing approximately $600 million pending the Board's review of the country's program. This potential disbursement is contingent upon the conclusion of debt restructuring negotiations, particularly with external creditors like China, who have proposed a revised cut-off date. READ ALSO:  IMF Optimistic About Ghana's External Debt Restructuring Agreement Speaking at a press conference in Washington D.C., USA, Julie Kozack, Director of the IMF's Communications Department, highlighted the necessity for Ghana to wrap up discussions with external creditors to facilitate Board approval for the disbursement of the $600 million financing tranche. She emphasized the criticality of reaching an agreement on debt treatment, consistent with the program objectives and previous financing assurances provided by creditors. The International Monetary Fund is optimistic that the Ghana government and the Offi...

  During the Governor’s Day Annual Bankers Dinner organized by the Chartered Institute of Bankers (CIB), Dr. Ernest Addison, Governor of the Bank of Ghana (BoG), emphatically highlighted the critical involvement of the Central Bank in ensuring the stabilization of the economy in the face of significant challenges in 2022. He emphasized the profound consequences that would have ensued had the BoG not intervened to support the government's expenditure, acknowledging the resultant ¢60 billion loss recorded by the Central Bank. READ ALSO:  Exporters Could Face 10-Year Imprisonment For Failing To Return Profits To Ghana - BoG Economic Challenges and BoG's Role Dr. Addison outlined the severe fiscal challenges precipitated by the COVID-19 pandemic and compounded by the spillovers from the Russia-Ukraine war in 2022. His remarks underscored the vital nature of the Central Bank's interventions which were imperative to prevent the dire collapse of the economy. He lamented the misint...

  Amidst mixed reactions and concerns surrounding the Lithium deal between the government of Ghana and Barari DV Ghana Limited, the Minerals Commission has issued a resolute statement, reaffirming the government's careful consideration of the agreement and emphasizing its potential benefits for the country. The key details of this press release highlight the proactive and thorough approach taken by the government in evaluating the terms and conditions of the deal. The Commission, through its Chief Executive Officer, Martin Kwaku Ayisi, has adamantly defended the accord, refuting misconceptions and asserting that the criticisms directed toward the agreement may stem from incomplete understanding. Addressing Misconceptions The Commission's statement directly challenges perceived misconceptions about the Lithium deal, pinpointing ignorance as a significant factor behind the criticisms. By underscoring the meticulous review process undertaken by the government, the Commission seeks...

  In a bid to reduce barriers to entry and amplify foreign direct investment within the mining industry, the President of the Chamber of Mines, Joshua Mortoti, has called upon the Ghanaian government to consider exempting exploration companies from taxation, particularly during the exploration phase. Mortoti, speaking at an Editors Forum in Accra, underscored the financial stress inflicted on exploration firms due to high land-holding costs and various taxes, emphasizing that the high costs coupled with the inherent risk of exploration further compound the challenges faced by these firms. The Chamber's stance rests on the premise that by removing such taxes, the burden of exploration would be lessened, subsequently encouraging foreign investment and participation in the mining sector. READ ALSO:  We Won't Quit Oil Exploitation - Energy Minister A critical point raised by Mortoti reflects the substantial fiscal burden borne by exploration firms even before commercial viability ...

  The General Agriculture Workers Union (GAWU) has voiced its apprehensions regarding the potential repercussions of the government's proposed import restrictions on 21 essential items. The union warns that the implementation of these restrictions could lead to a significant surge in food prices and potentially create artificial food shortages in the market. Related To This:  Government To Impose Import Restrictions on Rice, "Yemuadie" And Other Goods Proposed Import Restrictions and Potential Ramifications The government's initiative to seek parliamentary approval for import restrictions on 21 key items, including rice, poultry, oils, margarine, fruit juices, soft drinks, and various other essential goods, aims to curtail the influx of these products into the country. The policy is designed to address the swelling import bill and bolster the local manufacturing sector. Shop With Us: https://www.etsy.com/shop/SokoMalls GAWU's Cautionary Stance Expressing concerns ...

  (Prof. Emeritus Anthony Apeke Adimado) The call for a relook at resource allocation within Ghana's education landscape has been raised by the President of Garden City University College (GCUC), Prof. Emeritus Anthony Apeke Adimado. His appeal, made during the 15th congregation of the University, emphasized the need for private universities to also benefit from the Ghana Education Trust Fund (GETFund). READ ALSO:  Review Free SHS For Parents To Assist You - NUGS To Government In his address, Prof. Adimado highlighted the significant infrastructural challenges faced by private universities and the critical role that GETFund support could play in addressing these issues. He stressed that such allocations would go a long way in bolstering the efforts of private universities to provide quality education and infrastructure to their students. Additionally, he also urged for support from corporate bodies and individuals to aid the institution's pursuit of excellence. Shop With Us: h...

  Despite the prevailing economic difficulties in Ghana, President Akufo-Addo has reiterated his firm belief in the New Patriotic Party (NPP) as a harbinger of progress and prosperity across all regions of the country. The President, who is poised to complete his mandatory eight-year tenure after the December 2024 election, conveyed this sentiment while extending a congratulatory message to party members following the successful election of 111 parliamentary candidates in constituencies where the party previously had no serving Members of Parliament. READ ALSO:  Speaker Bagbin Storms Jubilee House Over Witchcraft Bill Assent Emphasis on Progress and Unity In his message, President Akufo-Addo lauded the NPP for its demonstrated ability to usher in progress and prosperity despite the formidable challenges faced by the nation. He commended all party stakeholders for their contributions to a transparent, free, and fair electoral process in constituencies where the term "orphan" i...

  The Bank of Ghana has outlined its strategic plans for navigating these turbulent times, as well as expressing optimism about the country's recovery amid one of the most difficult economic crises in decades. In a recent interview with The Banker, Dr. Maxwell Opoku-Afari, the first deputy governor of the Bank of Ghana, and Kwamina Duker, CEO of the Development Bank Ghana (DBG), highlighted the importance of not letting the crisis go to waste, but rather using it as an opportunity for positive change. Mr. Duker emphasized the potential for behavioral changes and innovative approaches to doing business, stating, "Don't waste a crisis." Dr. Opoku-Afari echoed this sentiment, stressing the need to leverage the crisis for transformative initiatives, emphasizing, "Nobody wants to waste the crisis." READ ALSO:  BoG's 2022 Losses Were Needed To Save Ghana's Economy - BoG Governor Strategic Financial Moves According to reports from Reuters, Ghana successfull...

  Daryl Bosu, Deputy National Director of the environmental advocacy organization, A Rocha Ghana, has issued an open letter appealing to Shatta Wale to boycott a community mining project launch. The project, scheduled for December 8, 2023, in Ellembele, aims to mark the launch of the Ellembele Community Mining scheme. READ ALSO:  Many Ghanaians Hate Seeing Others Succeed - Kuami Eugene Concerns Addressed In the open letter, Bosu highlighted concerns about the potential environmental and societal consequences associated with the Ellembele Community Mining scheme. The well-documented detrimental effects of mining activities on community farms, water bodies, and biodiversity habitats were underscored. Bosu urged Shatta Wale to consider the devastating impacts on the environment and communities, emphasizing the loss of biodiversity, polluted water bodies, and destroyed farmlands resulting from such practices. The plea extended to the importance of investing in green and sustainabl...

  Boomplay, Africa's premier music streaming and download platform, has released its highly anticipated _Boomplay Recap 2023_, showcasing insightful data on music consumption and streaming trends for the year. This report, marked with  #BoomplayRecap2023 , offers a detailed overview of music streaming data, focusing on country-specific, artist-specific, and user-based insights for 2023. In 2023, Boomplay's music catalog expanded to a remarkable 120 million songs, featuring talents from over 10 million artists and supported by 7500+ content providers. The report also highlights the most popular music genres on the platform, such as Afrofusion, Afrobeats, Amapiano, Gospel, Gengentone, and HipHop & Rap. READ ALSO:  Black Sherif's 'OH NO' Tops Shazam and Apple Music Charts Ghana's Music Highlights The _Boomplay Recap 2023_ for Ghana presents compelling insights into the country's music scene. Notable mentions include the top male and female artists, rising t...

  Ghanaian Football players, Mohammed Kudus and Antoine Semenyo created waves in the Premier League over the weekend by scoring significant goals for their respective teams.  Kudus gave West Ham United the early advantage in their match against Crystal Palace on Sunday at the Olympic Stadium. After playing for only 13 minutes, the Ghanaian midfielder broke the deadlock and scored his third league goal in just five starts this season by setting himself up for Vladimir Coufal's cutback pass. However, Odsonne Edouard of Palace equalized, and the Hammers could not hold onto their lead. Shop With Us: https://www.etsy.com/shop/SokoMalls At the Vitality Stadium, Bournemouth and Aston Villa played to a thrilling draw with Semenyo scoring for the home team.  Semenyo not only earned a starting spot but also scored his third league goal of the year in an exciting 2-2 draw between Bournemouth and Aston Villa.  READ ALSO:  Manchester United's Kobbie Mainoo To Choose England ...