The government says it is not under pressure to refinance the country’s maiden bond issued in 2007 “at any price”, hence the decision to pause in pricing a new 2016 Eurobond until market conditions improve. Speaking to the Daily Graphic about developments concerning the ongoing programme to refinance the balance of all or part of … Read more
Concerns are being raised about the propriety of President John Mahama’s continuous showering of expensive gifts on Akua Donkor, founder of the Ghana Freedom Party (GFP), with no known proper structures. This was after the woman, who some political pundits think has become a nuisance in the country’s political space because of her comical gimmick, … Read more
A former Rector of the Ghana Institute of Management Public Administration, GIMPA, Prof. Stephen Adei has accused President Mahama of practicing nepotism. He contends that, per his research findings one out of every four of the President’s appointments come from his area of origin. This practice, he believes, will not augur well for national cohesion, … Read more
President John Mahama is incorruptible, National Organiser of the governing National Democratic Congress (NDC), Mr Kofi Adams, has said. Mr Adams said Mr Mahama is a leader who does not condone corruption in any form or shape. Mr Adams’ comment comes on back of an avalanche of criticism hurled at the president for accepting a … Read more
A former Rector of the Ghana Institute of Management Public Administration, GIMPA, Prof. Stephen Adei has accused President Mahama of practicing nepotism. He contends that, per his research findings one out of every four of the President’s appointments come from his area of origin. This practice, he believes, will not augur well for national cohesion, … Read more
Nine out of 16 oil companies failed to pay a total of 721,000 million dollars in surface rentals to government last year alone, according to the Public Integrity and Accountability Committee 2015 annual report. The default means a 61% drop in expected revenue from the sector. Licensed upstream companies paid 465,920 US dollars in 2015 … Read more
As government looks for options to raise funds to retire the 2017 Eurobond, the Chief Executive Officer of Dalex Finance, Ken Thompson has urged the Finance Minister to increase income and cut down on expenditure. According to him, the Finance Minster can also try to renegotiate the terms of the 2017 Eurobond to provide government … Read more
President John Dramani Mahama joined the Chiefs and people of Mepe in the North Tongu District of the Volta Region to celebrate their annual Apenorto festival. The celebration which 62nd in its series, is celebrated annually to renew the sense of unity of the chiefs and people of Mepe a farming community in the region. … Read more
The former Vice Chancellor of the University of Ghana (UG), Professor Ernest Aryeetey has dismissed suggestions that he had a frosty relationship with the National Democratic Congress (NDC) government during his tenure. In Professor Aryeetey’s term as Vice Chancellor a controversial decision was taken to set up a toll booth at the Okponglo entrance of … Read more
Rebel factions in Syria say they have broken a weeks-long government siege of Aleppo, amid scenes of rejoicing in the crucial northern city. Sources close to government forces denied that they had been pushed aside and said they had driven the rebels back from an artillery base. UK-based activists say the rebels have indeed managed … Read more
Financial Analyst, Sydney Casley Hayford has said government will eventually privatise the Volta River Authority since it has become financially handicapped to continue operating as a state owned enterprise. Speaking on Citi FM’s News Analysis Programme, The Big Issue, Sydney Casley Hayford argued that the VRA has become financially unprofitable because the Authority is cash … Read more
The John Mahama led NDC government should start preparing to hand over power to the NPP after the November 7th elections. Victory for the NPP will lead to the total transformation of Ghana and the suffering people’s fortunes can be turned around. I wonder what informed the NDC to use the slogan ” Changing Lives … Read more
Now we know members of the Executive- and they are many- who encouraged the Montie 3 to tread the path of insults to undermine the Judiciary. When members of one of the arms of government hide behind the scenes and pay a bunch of deviants to threaten judges with death and push the country to … Read more
The Chronicle yesterday carried a very interesting but controversial story, under the headline; “Corruption is in the DNA of Ghanaians – IEA Survey”. According to the story, the Institute of Economic Affairs (IEA) recently carried out a survey to sample the opinion of Ghanaians on their perception of corruption in the country. The survey revealed … Read more
Drama unfolded in Obuasi in the Ashanti region when The Chronicle, in its yesterday’s edition, published a story, which quoted Richard Akwasi Ofori Boadi Agyemang, Municipal Chief Executive for labeling chiefs as “noise makers”. According to the story, the Obuasi MCE said the chiefs, in their bid to ensure moral uprightness among government officials, sometimes go … Read more
There is no politically correct way of stating that President Mahama and his NDC have failed in delivering on the mandates that were handed to them in 2008 and in 2012. It is one assertion on which Ghanaians are unanimous. Since Mahama and his NDC cohorts took over a middle income Ghana in 2008, it … Read more
It is no longer news that Nigeria’s economy is operating at a recession. With inflation rate currently hovering at a record 16.5, global oil price falling and the effects on Nigerians being real and biting, most governments at all levels now find it difficult to meet up with their wage bills and other necessary obligations … Read more
Sherry Ayitey is a Ghanaian politician. She is the minister for Environment, Science and Technology. She has been an active member of the National Democratic Congress (NDC). She was involved with the 31st December Women’s Movement, a non governmental organisation affiliated to the NDC, whose president is Nana Konadu Agyeman Rawlings, wife of Jerry Rawlings, … Read more
It has emerged that government is tied to commit a whopping sum of 130 million dollars to AMERI on the planned ceding of the T3 plant in the Aboadze thermal enclave. The Minority Spokesperson on Energy, K. T Hammond is alleging that a classified document he’d intercepted covering the supposed transaction in the T3 project … Read more
The Minority Spokesperson on Finance, Dr. Anthony Akoto Osei, says the failure of government to raise US$700 million from its 4th Eurobond outing is glaring evidence that Ghana’s economy is in a bad shape. Speaking to Citi News, Dr. Anthony Akoto Osei noted that “the negotiations with IMF are not finished and most investors look … Read more