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Sat
19
Jul

$1.5bn CBN loan: Controversial commitment fee successfully re-negotiated

After opposition outcry against the payment of a commitment fee on a loan that has not been fully disbursed, government says this clause in the controversial $3 billion Chinese loan has now been expunged. Deputy Finance minister Ato Forson revealed, government has been able to re-negotiate the terms, announcing "something good has come out of that" The China Development Bank (CDB) in 2009, agreed to provide Ghana with a loan of 3 billion USD for a package of projects, the majority of which are related to infrastructural development. As a trade loan, government pays back with 13,000 barrels of oil everyday for the next 15 years. There is an upfront fee of 0.25% of the loan and a commitment fee of 1% per year on the undrawn and un-cancelled balance of the loan. This clause, according to minority spokesperson on finance Dr. Akoto Osei implies Ghana has had to cough up $54 million in commitment fees after receiving about $600 million dollars so far.

Sat
19
Jul

Short code announced to correct mistakes in BECE placements

The National Coordinator of the Computerized School Selection and Placement System (CSSPS), George Atta Boateng has announced a short with which that Basic Education Certification Examination (BECE) candidates can access, to check and make corrections to their selected schools before placements are done in September.
He said all candidates should text their Index numbers to the short code 1060 across networks.
The introduction of the short code he said, is to “enable candidates make corrections and amendments to the four preferred schools selected at the time of registration for the examination and other details relating to their placement”.
A total of 422,946 Junior High School (JHS) students sat for this year’s BECE.
They comprise 223,765 males and 199,181 females. The candidates, who are from 12,562 public and private schools, wrote the examination at 1,437 centers across the country.

Sat
19
Jul

NPP confirms October 18 for presidential primaries

Kwabena Agyei Agyepong

The New Patriotic Party (NPP) National Executive Council (NEC) has slated Saturday October 18 for its Presidential Primaries.
A release issued by the party’s General Secretary, Kwabena Agyepong, Thursday indicated that the primaries will be held in all the 275 constituencies simultaneously.
“This decision was taken at the Party’s National Council Meeting held at Alisa Hotel on Wednesday, 16th July 2014”, the statement said.
The council also set August 31, 2014 as the date for the Special Delegates Congress to elect the first five of the seven persons who have filed to contest the Presidential Primaries.
The Special Delegates Congress became necessary after seven persons filed nominations to contest for the flagbearer slot of the party ahead of general elections in 2016.
They are Nana Addo Dankwa Akufo-Addo , John Alan Kwadwo Kyerematen, Francis Addai Nimoh, Dr Kofi Konadu Apraku, Osei Ameyaw, Joe Ghartey and Stephen Asamoah Boateng.

Sat
19
Jul

Be your own C.E.O- Tonyi Senayah

Tony Senayah

The Chief Executive Officer of Horseman Shoes, Tonyi Senayah is encouraging parents to become agents of change for their children, by inculcating into them the spirit of innovation.

Tonyi who is a Sociology graduate of the University of Ghana has no formal education or training in technical and vocation skills, but says he developed interest in shoe making by under studying a local shoe maker at Lapaz as far back as 2009.

He started by sitting by the local cobbler usually after work. Speaking on The AM Show on JoyNews, MultiTV Mr. Senayah said; “I normally pull up pictures of some shoe designs from magazines and ask him if he could make the same shoes and his responds were often positive”, Tonyi said

Fri
18
Jul

GYEEDA Reforms: Gov't engages "first class" anti-forgery technology firm

Government has engaged the services of the providers of the Veryfy platform, a software a software innovator as part of ongoing reforms to strengthen the performance of the Ghana Youth Employment & Entrepreneurship Development Authority (GYEEDA).
GYEEDA thus becomes the first government agency in the world to adopt the Veryfy platform, a first-in-class, integrated, anti-fraud, anti-forgery, and transparency-support software system being pioneered from its office in Accra.
The Agency was hit with allegations of fraud and improper award of contract to service providers following a series of investigations by Joy News, compelling the president to institute a committee to probe its activities. The committee in its report, recommended various reforms in the operations of GYEEDA.

Fri
18
Jul

Minister pleads for labour union to call off strike action

Hon. Hruna Idrissu

"I  am available. We can meet. Even this evening. Any where. We can engage with labour" that is the passionate appeal by the Minister of Employment Haruna Iddrisu appealing to labour to call off an intended nationwide strike on Thursday.
The workers are protesting what they say is the high cost of living attended by rising food prices, falling currency, hikes in utility prices worsened by load shedding regime.
At a press conference, Friday, Secretary General of the TUC Kofi Asamoah announced a nationwide strike on Thursday July 24, 2014.
“All workers including those of you in the media, formal and informal are to stay away from work and converge at designated locations in Accra and other regional capitals to demonstrate," he announced.
Kofi Asamoah further demanded of government to, with immediate effect, reduce the prices of fuel and work on the depreciating currency which has had a debilitating effect on Ghanaians.

Sun
13
Jul

Brong-Ahafo chiefs demand suspension of Plant Breeders Bill

Forty-five paramount chiefs in the Brong Ahafo Region are demanding the suspension of deliberations on the Plant Breeders Act currently before Parliament.
Alternatively, the chiefs said the entire process should be aborted until European countries and others accept Geneically Modified foods.
The chiefs said this in an eight point resolution issued after a one-day workshop on the vexed issue of GMOs and the Plant Breeders Bill.
WORKSHOP ON PLANT BREEDERS BILL AND TRADITIONAL AUTHORITIES
THEME: Plant breeders Bill (PBB) and Genetically Modified Food (GMF) - Implications for Ghanaian Farmers.
We, the 45 Paramountcies and 4 Divisional Councils, from the 49 Traditional Areas forming the Brong-Ahafo Regional House of Chiefs, being aware of the need for food sovereignty in Ghana, having met in Sunyani on the 8th of July 2014 and having been educated on the PBB and GMOs do hereby make the following resolutions:

Sun
29
Jun

Stop complaining; God has blessed us - Mahama

President John Mahama says Ghanaians must recognize the many blessings God has bestowed on the country and work together to make Ghana a better place.
The President was however confident Ghana will come out of it difficulties in due season just as developed nations like the United States of America and England.  He explained that the developed nations also went through such hurdles but later overcame them
The president was speaking at a Thanksgiving Service in his honor at the Star of the Sea Catholic Church in Accra, Sunday.
He said Ghana will soon become a better place if Ghanaians stop complaining and work together to achieve that.

Sun
29
Jun

Yammin gives glory to God for Mahama's mercy appointment

A Deputy Sports Minister who was reassigned to the Ashanti Region is thanking President John Mahama for his unmerited mercies by first appointing him and sending him back to his roots.
Joseph Yammin was reshuffled as Deputy Minister of Sports shortly after a botched world cup campaign in Brazil which saw Ghana crash out with just a point and languishing at the bottom of Group G which had Portugal, Germany and US as other Group members.
His substantive minister was also reshuffled to the presidency.
Some critics including Kweku Baako Jnr have blamed the ministry for poor organisation at the World Cup and wanted the minister and his deputy sacked.
He was disappointed by the decision of the president to reassign the two.
While others frown in anger at the decision, Yammin is glowing in ecstasy by his reassignment to the Ashanti Region.
He took to facebook showering praises to God and to Mahama for their mercies.

Sun
29
Jun

NPA to meet over possible fuel price increase

Public Relations Officer of the National Petroleum Authority (NPA) has given indication officials of the petroleum industry regulator will meet this weekend to decide whether to increase the prices of fuel or maintain it.
There are speculations that Tuesday July 1, 2014, will see fuel prices go up by about 20% to enable oil distribution and marketing companies to recover the cost in procuring crude oil into the country as the fall in the value of the cedi against the US dollar has increased the cost crude oil import.
However, according to a B&FT report, NPA Public Relations Officer, Yaro Kasambata,  said on Friday the Authority is still uncertain about whether prices of fuel will go up or be maintained next week.
He however hinted that a hike in fuel prices as is being speculated cannot be ruled out.

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