Month: December 2022

BoG Should Bar Ordinary Ghanaians From Buying Dollars – Dr. Baah-Boateng
16 Dec

BoG Should Bar Ordinary Ghanaians From Buying Dollars – Dr. Baah-Boateng

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Head of the Department of Economics at the University of Ghana, Professor William Baah-Boateng, has urged the Bank of Ghana to enforce regulations that bar ordinary Ghanaians from buying dollars. According to him, the indiscriminate buying of dollars on the foreign exchange market by Ghanaians who do not need the dollars for any form of transaction is partly responsible for how poorly the cedi has fared this year. He noted that as the dollar is not a medium of exchange in Ghana, it should not be made readily available to just any Ghanaian who wants to buy it. “And that…
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Portugal Boss Fernando Santos Steps Down
16 Dec

Portugal Boss Fernando Santos Steps Down

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Fernando Santos has stepped down as manager of Portugal. The 68-year-old leaves after Portugal suffered a shock 1-0 quarter-final defeat to Morocco at the World Cup. Santos spent eight years in charge of Portugal, guiding the team to victory at Euro 2016, as well as the inaugural Uefa Nations League in 2019. However, his final games were dominated by his decision to drop Cristiano Ronaldo for the knockout matches at Qatar 2022. Santos chose to drop the 37-year-old before the last-16 meeting with Switzerland, following Ronaldo’s negative reaction to being substituted during the final group game against South Korea. Portugal…
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Debt Exchange Programme: Impact Of Including Pension Funds Will Be Immediate – ACRR
16 Dec

Debt Exchange Programme: Impact Of Including Pension Funds Will Be Immediate – ACRR

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There were reports in the media space that the Ministry of Finance (MoF) is purported to have indicated that Pension Funds that are invested in Government Bonds may be affected by Ghana’s Debt Restructuring Programme. The Ministry in its response earlier refuted the possible use of pension funds in the debt restructuring process. However, on December 6, 2022, the Minister for Finance launched what it called ‘Ghana’s Domestic Debt Exchange Programme (DEP)’. The Ministry admitted that Ghana’s Domestic Debt is unsustainable and the government may not be able to fully service its debt based on the existing agreement with bondholders.…
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I’m The Only Retired Player Who Can Still Play Professional Football – Essien
15 Dec

I’m The Only Retired Player Who Can Still Play Professional Football – Essien

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Ex-Ghana international Michael Essien has joked that he’s the only retired footballer who can still compete at the professional Essien enjoyed a trophy-laden career which lasted over a decade and a half following his breakout year at Lyon, where he won two Ligue 1 titles. He became Chelsea’s record signing when the club forked out £24.4 million to price him away from Lyon in 2005. He spent almost a decade at Stamford Bridge, helping the Blues to win multiple Premier League and FA Cup titles, as well as the UEFA Champions League in 2012. The 40-year-old also had stints with Real…
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‘I Turned Down PSG To Stay At Hearts, Barnieh Shouldn’t Rush’ – Prince Tagoe
15 Dec

‘I Turned Down PSG To Stay At Hearts, Barnieh Shouldn’t Rush’ – Prince Tagoe

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Former Hearts of Oak striker Prince Tagoe has revealed that he once turned down an offer from Paris Saint-Germain to stay at the club. ‘I turned down PSG to stay at Hearts, Barnieh shouldn’t rush’ – Prince Tagoe The 36-year-old was on the books of the Phobians on loan in the mid-2000s, and helped them to be crowned league champions. The former Ghana Premier League top scorer said he was approached by French giants PSG while at Hearts but he rejected them. <img class="image lazyloaded imgWithMetaData" title="Prince Tagoe" src="data:;base64," alt="Prince Tagoe" width="790" height="593" data-original="https://ocdn.eu/pulscms-transforms/1/sRoktkpTURBXy83Y2ZjMmJmZWJmNjBkMTFmNDU2ZTExNDYzYTE1MTA1Zi5qcGeRlQLNAxbNAlHCww" /> Prince Tagoe Pulse Ghana Tagoe was reacting to…
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Boy Run Over And Killed After France World Cup Win
15 Dec

Boy Run Over And Killed After France World Cup Win

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A 14-year-old boy has been run over and killed in the southern French city of Montpellier shortly after France’s World Cup semi-final victory over Morocco. Authorities said he was struck by a car after the match and then died in hospital. Images on social media showed a car draped in a French tricolour surrounded by people who then grabbed the flag. The driver then appeared to panic, accelerating into two teenagers. As he turned his car around and sped off, the 14-year-old was hit and went into cardiac arrest. “Immense sadness that a sporting event should end in total tragedy,”…
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Chris Hughton Will Best Fit Black Stars Head Coach Role – Dr Nyaho-Tamakloe
15 Dec

Chris Hughton Will Best Fit Black Stars Head Coach Role – Dr Nyaho-Tamakloe

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Dr Nyaho Nyaho-Tamakloe has tasked the association to appoint Chris Hughton as the next Black Stars head coach following the resignation of Otto Addo. According to him, the former Brighton & Hove Albion gaffer has the background needed to head the team as the Black Stars seek greener pastures again. Hughton was part of the Otto Addo-led technical team that was at the 2022 FIFA World Cup and acted as the technical advisor. But following the resignation of the former Black Stars midfielder, Nyaho Tamakloe has called for the Ghana FA to appoint Hughton and ensure he is based in…
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Gyampo Hints Of Labour Shutdown Over Debt Exchange Programme
15 Dec

Gyampo Hints Of Labour Shutdown Over Debt Exchange Programme

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The Secretary of the University of Ghana branch University Teachers Association of Ghana (UG-UTAG), Professor Ransford Yaw Gyampo, has hinted of a massive strike action by Organised Labour over the recently announced Domestic Debt Exchange Programme. He said since government has gone out of its way to announce the Programme without recourse to Organised Labour, they will also proceed on strike to reject any attempt to touch their pensions. He expressed these sentiments on TV3‘s Midday Live on Wednesday, December 14. “This one it is going to be a strike of [organised] labour,” he hinted. He said it is becoming too much on the part of…
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Inflation To End 2023 At 25% – BoG
15 Dec

Inflation To End 2023 At 25% – BoG

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Inflation is likely to peak in the first quarter of 2023, and ease to around 25% by the end of 2023, the Bank of Ghana’s November 2022 Monetary Policy Report has disclosed. This forecast is however conditioned on the tightness of monetary policy and the deployment of tools to contain excess liquidity in the economy. The report said “there are, however, upside risks to the outlook, emanating from the persistent upward adjustments in ex-pump petroleum products and transport fares with associated second-round effects on the pricing of goods and services”. “Additionally, the proposed VAT increase and currency pressures may exert…
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Fitch Solutions Predicts Stronger Cedi In 2023
15 Dec

Fitch Solutions Predicts Stronger Cedi In 2023

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International institution, Fitch Solutions, is predicting a stronger cedi against the major foreign currencies in 2023. According to its latest analysis of Ghana’s 2023 Economic Outlook, it said the likely programme from the International Monetary Fund (IMF) signals through investors that the government is committed to fiscal consolidation that will turn around the country’s economic predicament. Senior Country Risk Analyst at Fitch Solutions, Mark Kruninger said the announcement of the staff-level agreement by the IMF has helped to improve the value of the cedi. The local currency has for the past one week witnessed over 20 percent gain in value…
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