July 2023 - Page 10 of 84 - Wontumi Online

27 Jul

‘Even The Government Of Ghana Is Using Some Family Members’ – Charles Taylor Defends Kurt Okraku Over Nepotism

wontumionlineSportsCharles Taylor, Kurt Okraku

Former Ghana international Charles Taylor has stepped forward to defend Ghana Football Association (GFA) President Kurt Okraku, who has been accused of favouritism towards ‘family and friends.’ The allegations were made in a petition to the FIFA Ethics Committee, with several GFA staff members allegedly being direct family members and friends of the 52-year-old president, implying nepotism within the organisation. This, among other allegations, has not deterred Okraku, who has announced his intention to run in this year’s presidential election, which is scheduled for October. In support of Okraku’s bid for a second term, the former Hearts of Oak and…

27 Jul

David Silva Retires From Football

wontumionlineSportsDavid Silva, Football

Spanish midfielder David Silva has announced his retirement following a critical knee injury suffered during Real Sociedad’s pre-season ahead of the new season. Before joining Real Sociedad in 2020, the 37-year-old spent a decade at City, where he won four Premier League titles while playing over 400 matches. “Today is a sad day for me,” Silva said on social media. “Today it is time to say goodbye to what I have dedicated my whole life to. Today it is time to say goodbye to my colleagues, who are like family to me. I will miss you very much.” Silva joined…

27 Jul

Ambulance Case: Finance Ministry’s Letter To BoG Doesn’t Constitute An Application For Letters Of Credit – Witness

wontumionlineBusinessAmbulance case, Dr Cassiel Ato Forson

A Banking and Finance Expert has told an Accra Economic and Financial Court that a letter signed by Dr Cassiel Ato Forson requesting for letters of credit to be established by the Bank of Ghana in favour of Big Sea Trading LLC of Dubai, is not an application for an LC. Alexander Kofi Mensah Mould, who testified as an expert witness on Thursday in a case of causing financial loss to the state brought against Dr Forson, who doubles as Minority Leader in Parliament, explained under cross examination by the Attorney General, Godfred Dame, that whereas the Ministry of Finance…

27 Jul

2023 WWC: Nigeria Stun Australia, Seals Africa’s First Win To Go Top Of Group B

wontumionlineSports2023 Women's world cup, AUSTRALIA, Nigeria

Nigeria came from behind to beat Australia and leave the co-hosts facing a battle to qualify for the last 16 of the Fifa Women’s World Cup. Australia scored first when Emily van Egmond converted Caitlin Foord’s pass. But Nigeria equalised soon afterwards with Uchenna Kanu’s calm finish, before Osinachi Ohale’s header made it 2-1. Asisat Oshoala scored after a mix-up between Australia’s Alanna Kennedy and Mackenzie Arnold and Nigeria held on, despite Kennedy scoring late on. Nigeria move top of Group B, level with Canada on four points, while Australia are a point behind both before the last matches in…

27 Jul

Prime Take: Clean Your Minds Of Hatred And Prejudice, It Blinds Efficiency – Joe Lartey Snr To GFA

wontumionlineSportsBlack Stars, GFA, Joe Lartey snr, Prime Take

Veteran sports commentator, Joe Lartey Snr, has advised the leadership of the Ghana Football Association (GFA) to eschew loathing in the governance of football. Speaking in a yet-to-be-televised Prime Takeinterview with Muftawu Nabila Abdulai, the venerable Lartey, noted that politics and desire for money have negatively impacted the growth of Ghana’s football. “They should clean their heads,” the former GBC journalist said when quizzed what advice he would offer to the leadership of Ghana football. “Sooner than later, I intend to visit the president of Ghana football, Kurt Okraku. I want to have a little chat with him and share the little…

27 Jul

$3Bn IMF Deal: Zero Financing Of Govt’s Budget Has Been Met – BoG Governor

wontumionlineBusinessBoG Governor, Dr. Ernest Addison

The Governor of the Bank of Ghana Dr Ernest Addison has said that the central bank has met its target of zero financing of government budget under a programme with the International Monetary Fund (IMF). Addressing the 113th Monetary Policy Committee (MPC) press conference in Accra on Monday July 24, Dr Addison said “Implementation of the IMF-supported Extended Credit Facility programme for the first six-months of 2023 is broadly in line with the Performance Criteria targets for June 2023. While the programme envisaged a drawdown in reserves of close to US$100 million, the BoG built reserves in excess of U$S1…

27 Jul

Use Mid-Year Budget To Address Exchange Rate Fluctuations – Electronic Dealers Association To Ofori-Atta

wontumionlineBusinessCEDI, Electronic Dealers Association, Vincent Osei

The Ghana Electronics and Musical Instruments Dealers Association is appealing to the Finance Minister, Ken Ofori-Atta, to use the mid-year budget to address exchange rate challenges in the country. Chairman of the association, Vincent Osei, appealed to the Finance Minister to consider pegging the cedi at a fixed rate to reduce the cost of doing business in the country. Speaking to Joy Business on the sidelines of a health screening for the elderly as part of the association’s 15th anniversary celebration, Mr. Osei said, a robust cedi performance will help reduce the cost of doing business. “The main point is…

27 Jul

Policy Rate To Be Kept At 30% At Next MPC Meeting – Fitch Solutions Predicts

wontumionlineBusinessBoG, Fitch solutions, policy rate

Fitch Solutions is forecasting a steady policy rate of 30.0% by the Bank of Ghana at its next meeting in September 2023. It however believes that the Central Bank will commence a monetary easing cycle in the fourth quarter of 2023, as inflation will moderate rapidly towards the end of 2023. In its latest report on Ghana, the UK-based firm said the regulator of the banking industry will cut the benchmark policy rate by 200 basis points to 28.00 percent by the end of the year. Fitch Solutions furthered that inflation will moderate rapidly in the 4th quarter of 2023…

27 Jul

‘He’s Never Been On The Ballot’ – Mahama Replies Bawumia Over ‘I’ve Beaten Mahama Twice’ Comment

wontumionlineNewsBawumia, Mahama, presidential ballot paper

Former President John Dramani Mahama has clapped back at Vice President, Dr. Mahamudu Bawumia over the latter’s claim to have beaten him twice in elections, and will beat him again. and I know how to beat him again’ he made during his flagbearership campaign. According to Mr. Mahama, Dr. Bawumia has never been his competitor in elections since he has never appeared on a presidential ballot paper, and can therefore not make such claims. Speaking on the KSM Show, he emphasised that over the years, he has been running against the current President, Nana Addo Dankwa Akufo-Addo, therefore Dr. Bawumia…

27 Jul

Policy Rate Hike Will Not Tame Inflation; Industry Will Rather Suffer – GNCCI

wontumionlineBusinessGNCCI, Mark Badu-Aboadgye, policy rate

The Ghana National Chamber of Commerce and Industry is challenging claims by the Bank of Ghana that the hike in the policy rate is to control inflation and liquidity in the system. According to the Chamber, the method adopted by the regulator to tame down inflation is not effective as inflation rather keeps increasing. It contend the 30% policy rate will complicate the current challenges facing the industry and result in further shut down of businesses. Speaking to Joy Business, Chief Executive Officer of the GNCCI, Mark Badu-Aboadgye, maintained, if the government continues to impose taxes, controlling inflation will be…