The taste of defeat after a tournament exit is always sour to take; it is forever etched in your mind and heart, even. Ghana’s 2-0 defeat to Uruguay at Al Janoub Stadium on December 2, 2022, meant the Black Stars have exited the World Cup at the group stage for the second time running. At […] The post Bernard Osei writes: What went wrong for Black Stars in
The Government has slashed interest payments for domestic bondholders to zero percent in 2023 and pegged 2024 interest payments at 5 percent. The government has, however, announced that there will be no haircut on the principal of bonds, adding that individuals with government bonds will have their full investments upon maturity. In a public address […] The post Gov’t
Barring a last-minute change to plans, Ghana will formally announce its intent to default on its debt early next week. This was revealed in high-level meetings between the country’s authorities and top finance and economic sector actors on Friday, the 2nd of December 2022, as the country’s senior men’s football team battled the Uruguayans for […] The post Bright
Ghanaian nonprofit, Catechist Georgina Korankyewaa (CGK) Fashion School, has opened its new training centre at Ashongman Estates in the Ga East Municipality of the Greater Accra Region. The centre is equipped with design and sewing rooms, an ICT lab and hostel facilities for its trainees. Speaking to ghanaweekend.com during a fashion show held on Saturday, […] The post CGK
Finance Minister, Ken Ofori-Atta has announced that there will be no “haircut” on the principal of bonds and that individuals with government bonds will have their full investments on maturity. In a public address on the recent debate about possible haircuts on all bonds and treasury bills following government’s debt restructuring deal with the International […] The post Domestic
The Health Services Workers Union has sent a strong warning to the government to stay away from their pensions as part of a debt restructuring programme. The Finance Minister, Ken Ofori-Atta in his presentation of the 2023 budget statement, announced a debt restructuring for domestic bondholders in terms of interest payments. In view of this, […] The post Don’t
An economist, Dr Owusu Adu Sarkodie, has proposed to the government to bring home the Heritage Fund and invest it locally rather than in a foreign country where the interest on the fund is nominal. According to him, the Heritage Fund is not earning any significant interest rate outside the country and would be of […] The post Bring Heritage Fund home and
President Nana Addo Dankwa Akufo-Addo has justified the increased allocation for the Free SHS policy in the 2023 Budget despite the country battling a severe economic crisis. Speaking at the Opoku Ware School’s 70th anniversary in Kumasi, the President also hailed the positive impact of the Free SHS policy despite the many challenges that have […] The post Akufo-Addo justifies
Former President John Dramani Mahama has slammed Members of Parliament from the Majority caucus and cabinet ministers who chose to fly to Qatar to cheer the Black Stars at the ongoing World Cup instead of participating in the 2023 budget debate. Mr Mahama addressing the 13th Congregation of the Accra Business School on Saturday, December […] The post Mahama
South Africa’s President Cyril Ramaphosa will not resign despite a scandal over money stolen from his farm, his spokesman says. The row centres on claims he kept large sums of cash on his property then covered up its theft. A panel of legal experts concluded that he has a case to answer. But Mr Ramaphosa’s […] The post Cyril Ramaphosa: South Africa
Former President John Dramani Mahama has blamed the freeze in employment for the public sector announced in the 2023 budget on the reckless spending and mismanagement of President Akufo-Addo and his appointees. Speaking at the 13th Congregation of the Accra Business School on Saturday, the former President painted a gloomy picture for the country in […] The post Akufo-Addo’s
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