Month: January 2023

Global Economy To Slow Down In 2023 To 1.7% – World Bank
11 Jan

Global Economy To Slow Down In 2023 To 1.7% – World Bank

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The global economy is projected to grow by 1.7% in 2023 and 2.7% in 2024, according to the World Bank’s January 2023 Global Economic Prospects report. The report said the sharp downturn in growth is expected to be widespread, with forecasts in 2023 revised down for 95% of advanced economies and nearly 70% of emerging market and developing economies. Over the next two years, per-capita income growth in emerging market and developing economies is projected to average 2.8%—a full percentage point lower than the 2010-2019 average. In Sub-Saharan Africa—which accounts for about 60% of the world’s extreme poor—growth in per…
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Edmund Addo Joins Serbian Side FK Spartak Subotica
11 Jan

Edmund Addo Joins Serbian Side FK Spartak Subotica

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Black Stars midfielder, Edmund Addo, has signed for Serbian top-flight side FK Spartak Subotica. Addo joins the club from Moldova side, Sheriff Tiraspol, on a permanent deal. The defensive midfielder was in line for a move to Red Star Belgrade during the 2022 summer window but any deal fell through at the eleventh hour. Last season, Addo played for Sherrif in 33 different games across all competitions and scored once, assisting the team in retaining the Moldovan Super Liga championship as well as the Moldovan Cup. On November 11, 2021, he played his first game for Ghana against Ethiopia in an…
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Ghana Gas Workers Up In Arms Against Genser Deal
11 Jan

Ghana Gas Workers Up In Arms Against Genser Deal

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Workers of the Ghana National Gas Company (Ghana Gas) are up in arms against the Energy Ministry over a deal with Genser Energy Ghana Limited. They want President Akufo-Addo to halt the much-talked-about gas supply agreement with the energy company. Under the deal, 50 million standard cubic feet of raw gas will be supplied per day to Genser Energy. The workers believe this agreement will spell doom for the survival of Ghana Gas and negatively affect the government’s vision of building a second gas processing plant. This, according to the workers, is because they are unhappy with the way the…
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Akwamuhene Nana Twum Sarkodie I Calls On Ghanaians To Unite For Development
10 Jan

Akwamuhene Nana Twum Sarkodie I Calls On Ghanaians To Unite For Development

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The Akwamuhene of Akyem Awisa in the Eastern Region, Nana Yaw Barima Twum Sarkodie I, has entreated Ghanaians to be united and support leaders in the country including chiefs and those in government to bring about development. He underlined that unity means being together for one another in “thoughts, feelings, actions and reactions,” especially “once we are united, we share the same feelings, sympathy, ideas, tangible and intangible resources.” Nana Yaw Barima Twum Sarkodie I, was speaking as the Guest of Honour, at the grand durbar of Adehyedae Kɛse Festival 2022, at the forecourt of Anum Ampene Kotoko Ahenefie, Asamankese.…
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Approval Given For The Construction Of A New Bridge At Atafoa- Hon. Asenso-Boakye Announces
10 Jan

Approval Given For The Construction Of A New Bridge At Atafoa- Hon. Asenso-Boakye Announces

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The Member of Parliament for Bantama constituency, Honourable Francis Asenso-Boakye has announced the construction of a new bridge at Atafoa in his constituency. Taking to social media to announce the good news, he noted that the approval had been given by the Minister for Roads and Highways for the construction of not just the bridge but also for the rehabilitation of the road from Atafoa to Amanfrom. "This morning, I am happy to announce that the Ministry of Roads and Highways, led by its hardworking Minister, Hon Kwasi Amoako-Atta has given approval for the construction of a new bridge at…
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Thank You For The Opportunity To Serve- ‘The People’s MP’ Asenso Boakye To Constituents
10 Jan

Thank You For The Opportunity To Serve- ‘The People’s MP’ Asenso Boakye To Constituents

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The Member of Parliament for Bantama constituency who doubles as the Minister for Works and housing, Honourable Francis Asenso Boakye has been described as 'the man for the people' due to his constant engagement with constituents. As a first time MP, Honourable Francis Asenso Boakye is always seen around his constituents. With just two years since he assumed office as a Member of Parliament, he's been able to embark on a number of developmental projects to economically empower the people and also help accelerate the development process in the area of security, education, roads, healthcare, sports, among others. Taking to…
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Cedi Depreciates Marginally To Sell At ¢12 To A Dollar
10 Jan

Cedi Depreciates Marginally To Sell At ¢12 To A Dollar

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The Ghana cedi is now selling at ¢12 to the US dollar in the retail or forex market, following days of sustained stability. This is about 0.86% loss in value since the beginning of the year. The Bank of Ghana is however quoting a dollar for ¢9.00 on the interbank forex market. Checks by Joy Business at some forex bureaus indicate that the pound is the major currency that has lost more value so far in 2023. One pound is presently going for ¢14.20. The euro has also depreciated by a little over 1%, trading at ¢12.50. Analysts and market…
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Some People Also Believe You Are A “Robbing Agent”- Chairman Wontumi’s Lawyer Replies John Mahama
10 Jan

Some People Also Believe You Are A “Robbing Agent”- Chairman Wontumi’s Lawyer Replies John Mahama

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Former President John Mahama is still pained that he got badly exposed by Chairman Wontumi for attempting to gift the Nyinahin Bauxite concession to his brother at a time when he was leaving office, Lawyer Kwame Adom Appiah has said. Lawyer Adom Appiah has cautioned the former President to get proper education on the issue regarding Akonta Mining Company Limited and move away from making baseless statements that are being spearheaded by agents of propaganda. According to him if Mr. Mahama wants to nickname President Akufo-Addo as a “clearing agent” then he should be ready to accept the “robbing agent”…
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GUTA Pushes For An Industrious Professional As Trade Minister
10 Jan

GUTA Pushes For An Industrious Professional As Trade Minister

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The Ghana Union of Traders Association (GUTA) has made a passionate appeal to President Akufo-Addo to appoint someone of the caliber of Alan Kyerematen to be the next Minister of Trade and Industry. According to the union, Mr. Kyerematen who has resigned did an excellent job while in office, it expects a professional with an industrious expert to succeed him. “The Ghana Union of Traders’ Associations (GUTA) is deeply saddened by the news of the sudden resignation of the Trade and Industry Minister, Alan Kyerematen. All those who know him and happen to have come in contact with this affable gentleman will attest…
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More Businesses Will Collapse This Year – McDan
10 Jan

More Businesses Will Collapse This Year – McDan

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Ghanaian business magnate, Daniel McKorley, popularly known as McDan, says more Ghanaian businesses will collapse this year. According to the entrepreneur, this is due to the precarious exchange rate between the cedi and the major foreign currencies, coupled with the country’s ailing economy. In an interview on Joy FM, he noted that given his projection about the fate of businesses this year, individuals must sit up and devise innovative means to navigate the impending challenges. ‘A lot of businesses are collapsing I can tell you and you have not seen anything yet. More businesses are going to collapse, looking at…
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