December 2022 - Page 23 of 60

19 Dec

Speaker Laments Non-Release Of Funds To Defence Ministry

wontumionlineNewsAlban Bagbin, Speaker of parliament

The Speaker of Parliament, Alban Bagbin has complained about the non-payment of 81 percent of funds on goods and services for the Defence Ministry for the year 2022 by the Finance Ministry. The Speaker bemoans that such delays in the disbursement of funds to the Ministry have the potential of undermining the security of the state. In an address preceding the approval of GH¢3.7 billion for the Defence Ministry for the year 2023, Alban Bagbin urged the Finance Ministry to prioritize the security of the country. He said he was unhappy “When I read that approximately 81 percent of the…

19 Dec

Domestic Debt Exchange Programme Expiration Date Extended

wontumionlineBusinessDebt exchange programme

The expiration date for the Domestic Debt Exchange Programme has been extended to December 30, 2022, the Ministry of Finance has announced. In a press statement issued last Friday (December 16, 2022), the ministry explained that over the last ten days, it continued the consultation efforts that was initiated with all stakeholders ahead of the launching of the offer, including regulators, bankers, pension funds, asset managers, insurance companies. Below is a copy of the statement FOR: IMMEDIATE RELEASE EXTENSION OF THE EXPIRATION DATE FOR THE DOMESTIC DEBT EXCHANGE PROGRAM (DDEP) TO DECEMBER 30, 2022 1. On 6th December 2022 our domestic…

19 Dec

Vehicle Users Not Changing Worn Out Tyres Due To High Cost

wontumionlineNewsvehicle tyres

Some dealers in vehicle tyres and vulcanisers have expressed worry about high import duties on new tyres. According to them, the high import duties have made it impossible for them to acquire materials for their work. ‘Rim 14 car tyre’ increased from GHȻ 70 to GHȻ 150 The dealers in the tyre industry indicated that the rim 14 car tyre’ which was sold between GHȻ 60 and GHȻ 70 last year is now going for GHȻ 150 due to exorbitant duties on materials. Sales reduced drastically Speaking to our reporter, they said this had made things very difficult for them…

19 Dec

Almost 12,000 Persons Internally Displaced – GSS Reveals

wontumionlineNews12000 persons internally displaced

Findings from the 2021 Population and Housing Census have revealed that 11,717 people are internally displaced (IDP) in Ghana. Data released by the Ghana Statistical Service explained that the reasons for internal displacement are socio-political factors, 55.2% or natural disasters 44.8%. One in every ten (10.7%) of the IDPs have stayed less than one year in their current place of residence with six in ten (60.8%) having been displaced for 5 years or more. According to the data, more than half of internally displaced persons reside in four regions: Greater Accra (19.2%), Northern (14.1%) Ashanti (13.7%) and Central (10.2%) regions.…

19 Dec

The Finance Minister Will Prove His Competence With Time- Daniel Nkrumah

wontumionlineFeatured, News, TrendingDaniel Nkrumah, Finance Minister, Finance Minister Ken Ofori-Atta, Movement In The Morning

1st Vice Chairman of Okaikoi south constituency, Daniel Nkrumah, has urged Ghanaians to be patient with the Finance Minister as he proves his competence with time. Speaking in an interview with Kwaku Dawuro, on Movement In The Morning, on Movement TV/Wontumi radio, Mr Nkrumah reiterated that Ghanaians severely backlashing Ken Ofori-Atta, did not stop him from putting in effort to make the economy stable and better. He said this following the cedi appreciation and reduction of fuel prices. According to him traders have refused to reduce prices of commodities even after cedi appreciation against the Dollar. Mr Nkrumah during the…

19 Dec

Organized Labour Threatens Public Sector Shut Down Over Debt Programme

wontumionlineNewsOrganized labour

All public sector workers will embark on an indefinite strike on Tuesday, December 27, 2022, organized labour has threatened. The group has asked government to give them an assurance that their pension funds will not be affected by its debt exchange program. Government is embarking on a debt exchange program to help manage its debt as part of efforts to help stabilize the economy. In the program, institutional bondholders are expected to exchange their bonds for new ones. But organized labour fears pension funds of its customers could be affected. Addressing the media, the Secretary General of the Trades Union…

19 Dec

Three More Shot Dead Over Destoolment Of Paramount Chief At Battor

wontumionlineNewsBattor Traditional area

Three more persons have been shot dead while several others have sustained various degrees of injuries following a clash between some members of the Dzekle Royal Family and the stool father of the Battor Traditional area after the destoolment of the paramount chief of the Battor Traditional area. The latest incident brings the total death toll to five after two people were shot dead in an earlier incident. The latest clash began on Friday, December 16, as a result of the destoolment of the paramount chief of the Battor Traditional area Torgbuiga Kpatamia Dzekle IV after he was alleged to…

19 Dec

CETAG Suspends One-Month Old Strike

wontumionlineNewsCETAG, Colleges of Education Teachers Association of Ghana

The Colleges of Education Teachers Association of Ghana (CETAG) has suspended its strike. CETAG has been on strike for a month in demand of better conditions of service. The strike distorted the academic calendar in various colleges across the country including the end-of-semester examination. This has compelled the Minister of Education to intervene pledging to resolve the matter in two weeks. The National President of CETAG, Prince Obeng-Himah Binghi explains that, they still have a number of options on the table including summoning the government before the Labour Commission to redeem its pledge. “CETAG’s one-month strike has been suspended effective…

19 Dec

Economic Crisis: 2023 Will Be Our Comeback Year – Ofori-Atta

wontumionlineNewsFinance Minister, Ken Ofori Atta

The Finance Minister, Ken Ofori-Atta, says the government will put in place stronger foundations in 2023 to change the country’s economy for the better. Mr Ofori-Atta made the comments when he addressed the public on Monday regarding the suspension of the external debt payment. “The ensuing years will focus on building an entrepreneurial and export-driven economy as we grow the economy to protect and create jobs, tackle inflation, and strengthen our currency. The importation of food should soon be a thing of the past. “2023 must be our “comeback” year. A year in which we put in place stronger foundations that would allow us…

19 Dec

France Duo Coman And Tchouameni Racially Abused

wontumionlineSportsAurelien Tchouameni, Kingsley Coman

France duo Kingsley Coman and Aurelien Tchouameni have experienced racist online taunts as a result of their missed penalties in the World Cup final on Sunday. Argentina defeated France 4-2 in a penalty shootout, preventing France from successfully defending the trophy. Argentina goalkeeper Emiliano Martinez saved Coman’s penalty, but Tchouameni’s attempt missed the target. Coman has received support from his team Bayern Munich. “FC Bayern strongly condemn the racist comments made towards Kingsley Coman,” said the German club in an online statement. “The FC Bayern family is behind you, King. Racism has no place in sport or our society.” …