December 2022 - Page 6 of 60

29 Dec

Akufo-Addo Swears In Two New Supreme Court Justices

wontumionlineNewsNana Addo Dankwa Akufo-Addo, Supreme Court Justices

President Nana Addo Dankwa Akufo-Addo has reportedly sworn into office, two new Justices of the Supreme Court of Ghana. According to starrfm.com.gh, the two new Justices were Justice Barbara Frances Ackah-Yensu and Justice Samuel Kwame Adibu Asiedu. The report indicated that the swearing-in was done on Wednesday, December 28, 2022, at a brief ceremony held at Flagstaff House. Prior to the swearing of the Justices, the Appointments Committee of Parliament recommended, to the plenary, the approval of two judges who were nominated by President Nana Addo Dankwa Akufo-Addo for appointment as Supreme Court Justices. “The Committee, therefore, recommends to the…

29 Dec

Russia Bans Oil Sales To Countries Using Price Cap

wontumionlineBusinessOil, Russia

Russia has banned oil sales to countries and companies that comply with a price cap agreed by Western nations earlier this month. The price cap – which was agreed by the G7 group of nations, Australia and the EU – came into force on 5 December. The cap prohibits countries from paying more than $60 (€56; £50) per barrel of Russian oil. Russia has now said its oil and oil products will not be sold to anyone imposing the price cap. The presidential decree said the ban would take effect for five months from 1 February until 1 July. The…

29 Dec

Rental Housing Association Of Ghana Launched

wontumionlineBusinessrent, rental association

The Rental Housing Association of Ghana (RHAG) has been launched with a focus on addressing issues pertaining to the improvement of the rental housing industry in Ghana. The association would also serve as a voice of advocacy for all stakeholders within the rental housing space in Ghana. RHAG is made up of property managers, landlords, property managers companies, real estate managers, rental housing management, and brokers among others. Education, advocating and collaboration In her address, the co-founder and President, Regina Christian Koomson noted that to create a thriving rental housing community, education, advocacy and collaboration were the keys. "I have…

29 Dec

Ghanaian Banks’ Capital To Weaken On Sovereign Debt Restructure – Fitch

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Ghanaian banks could face significant pressure on their capitalisation due to the restructuring of local-currency (LC) sovereign debt, Fitch Ratings says. Fitch believes banks will suffer large economic losses when they exchange their existing debt for new bonds with lower coupons and longer tenors. This could lead to material capital shortfalls at some banks but we expect regulatory forbearance to mitigate the impact, enabling banks to remain compliant with minimum capital requirements. The two Ghanaian banks rated by Fitch have sizeable capital buffers that should help their ratings withstand the LC debt exchange, even disregarding regulatory forbearance. The LC debt…

28 Dec

The Orange Girl Foundation Celebrates Christmas With Street Children

wontumionlineNewsThe Orange Girl Foundation

The Orange Girl Foundation, a Non-Governmental Organization (NGO) in Ghana has feasted with street children in Accra to reminisce the birth of Christ and celebrate Boxing Day which symbolizes giving. The event which took place on Monday 26th December 2022 began from 37 in Accra and ended at Madina Overhead. According to the team celebrating Christmas with under privileged children depicts the very essence of Christmas and the true act of Christianity. Speaking to the founder of the group Ms. Ethel Nanayaa Amoako Baffoe, she said that the team embarked on the project to put smiles on the faces of…

28 Dec

Bob Marley’s Grandson, Reggae Star Jo Mersa Marley, Dead

wontumionlineShowbizBob Marley, Jo Mersa Marley

Joseph “Jo Mersa” Marley, son of musician Stephen Marley and the grandson of reggae legend Bob Marley, has died. He was 31. A rep for the singer confirmed Marley’s death to Rolling Stone, but did not give a cause of death. The Jamaican American reggae artist was allegedly found unresponsive in a vehicle, according to an initial tweet by journalist Abka Fitz-Henley on Tuesday. South Florida radio station WZPP posted on Instagram that it had confirmed Jo Mersa’s passing and said he died of an asthma attack, though it did not specify a location where it happened. It noted that the singer leaves behind a wife and daughter.…

28 Dec

Akosua Agyapong Receives Death Threats; Reports To Police

wontumionlineShowbizAkosua Agyapong

Some unknown persons have sent death threats to ace musician Akosua Agyapong over what she says is her constant criticism of the Ghana Music Rights Organization (GHAMRO). Akosua Agyapong has recently been criticising the Organisation over corruption allegations. She has not been happy with the management of GHAMRO’s funds. But this, she says, has seen her receive death threats from unknown persons. The musician says she has reported the case to the Tuba Police Station in the Greater Accra Region. Akosua Agyapong made the revelation in an interview on Onua TV/FM’s Maakye hosted by Nana Kwame Gyan on Wednesday, December 28. “I have…

28 Dec

Sad News Hit NPP As 2nd Vice Chairman In Old Tafo Constituency Passes on

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The 2nd Vice Chairman of the ruling New Patriotic Party in the Old Tafo constituency, Seth Appiah-Twum has passed on. The NPP official died at age forty-three (43), after an ailment. Before his demise, he's been a long-serving comrade of the party- serving in various capacities in the Ashanti region. More soon...

28 Dec

Cedi To Depreciate By About 22% In 2023 – EIU

wontumionlineBusinessAfrica Outlook 2023 Report, CEDI, dollar, EIU

UK based Economist Intelligence Unit (EIU)is predicting about 22% depreciation of the cedi to the dollar in 2023. This will rank the local currency as the 3rd weakest performing currency on the African continent, according to its Africa Outlook 2023 Report. The EIU expects the exchange-rate weakness to continue into 2023, albeit to a lesser degree. “Most African currencies have lost substantial value against the US dollar during 2022 and we expect exchange-rate weakness to continue into 2023, albeit to a lesser degree”. It maintained that the currencies of the troubled states of Sudan and Zimbabwe will be among the weakest…

28 Dec

Liverpool Agree Deal To Sign Man United Target Gakpo

wontumionlineSportsLIVERPOOL

Liverpool have agreed to sign Netherlands forward Cody Gakpo from PSV Eindhoven, say the Dutch club. Gakpo, 23, had an impressive World Cup in Qatar, scoring three goals as he helped the Netherlands reach the quarter-finals. The fee for the winger is expected to be between 40m-50m euros (£35.4m-£44.3m). PSV say Gakpo will travel to England to complete the deal, adding that it would be a record transfer for them. Liverpool have made a move with forwards Luis Diaz and Diogo Jota facing lengthy spells on the sidelines. Manchester United have been heavily linked with a move for Gakpo. “The…