July 2023 - Page 7 of 84 - Wontumi Online

28 Jul

‘I Have Written To The President On How To Use World Cup Money’ – Sports Minister

wontumionlineSportsBlack Stars

The Minister for Youth and Sports, Mustapha Ussif, has confirmed his ministry have formally requested confirmation from the Office of the President, on how to use Ghana’s participation fee from the 2022 World Cup. The GFA, earlier this week received the $9 million cash allocation from FIFA, as part of their participation in Qatar. The Sports Ministry at a press conference revealed they intend to apply ‘precedent’ in their usage of the money, with the funding of preparations for Afcon 2023 and rehabilitation of sports infrastructure at Prampram as highlights. But President Akufo-Addo will need to grant the ministry and…

28 Jul

World Bank, IMF Partly Responsible For Ghana’s Economic Woes – Dr. Yamson

wontumionlineBusinessDr. Ishmael Yamson, imf, world bank

Economist, Dr. Ishmael Yamson, says the World Bank and the International Monetary Fund are partly responsible for Ghana’s current economic situation. According to him, the Bretton-Wood institutions watched on as the government went on a borrowing spree without reprimanding it and putting a stop to the behavior. He said their annual reports warning of a debt distress were not enough as they should have rather threatened to impose sanctions if their warnings were not heeded. He stated that their failure to effectively play their oversight role on the country’s economy is partly responsible for the nation’s debt distress situation. “I…

28 Jul

Finance Minister To Engage Mps Ahead Of 2023 Mid-Year Budget Review

wontumionlineBusinessKen Ofori Atta

The Minister of Finance, Ken Ofori-Atta will on Friday, July 28, 2023, engage Members of Parliament in intensive discussions ahead of the government’s presentation of the 2023 Mid-Year Budget Review. The discussions are expected to provide updates on the government's fiscal plans for the remainder of the 2023 financial year as well as chart a path towards economic stability and growth. Speaker of Parliament, Alban Bagbin addressing lawmakers on the floor of the House urged them to avail themselves to make inputs into the mid-year budget review which will be presented by the Finance Minister on July 31, 2023. “Basically, it will be focusing on the welfare…

28 Jul

Ghana To Reach Debt Deal With External Creditors In Quarter 2, 2024 – Fitch Solutions

wontumionlineBusinessBoG, external creditors, Fitch solutions, Ghana, Interest rates

Fitch Solutions believes that Ghana will reach a debt deal with its external creditors in the second half of 2024. According to the UK-based firm, this should provide tailwinds to the exchange rate and further limit imported price pressures. “Indeed, we believe that Ghana will reach a debt deal with its external creditors in H224 [half-year 2024], which should provide tailwinds to the exchange rate and further limit imported price pressures”. It added that real Gross Domestic Product growth will remain well below trend on the back of fiscal consolidation efforts under the IMF programme. However, the Central Bank will…

28 Jul

Tema Fishermen Want Government To Reconsider Closed Season Period

wontumionlineBusinessTema fishermen

Fishermen at the Tema Canoe Landing Beach Basin are urging the government to reconsider the timing of the closed fishing season, expressing concerns over its impact on their festive period. Ismael Ashitey, one of the fishermen, voiced his dissatisfaction with the current period designated by the government, citing difficulties faced during their celebrations. The call was made during an interview with the B&FT, following a tragic incident where two fishermen lost their lives at sea. The unfortunate incident occurred when the fishermen encountered the Ghana Ports and Harbours Authority’s (GPHA) Marine Taskforce, and their bodies were later discovered ashore on…

28 Jul

Tema: GPHA Denies Claims That Marine Police Were Chasing The Fishermen

wontumionlineBusinessGPHA

The Ghana Ports and Harbour Authority (GPHA) has denied reports that the fishermen who died after they were said to have clashed with Marine Police were being chased by the Police. Public Relations Officer of the GPHA Abena Serwah Ofosu said the Police only seized the fishing net of those who were arrested. She told TV3 on the News 360 on Thursday, July 27 that “they allege that they were being chased, why were they being chased because even those that were being caught inside at the port, they were not arrested, we only seized their nets from them so…

28 Jul

Importers And Exporters Urged To Refrain From Unlawful Practices

wontumionlineBusinessImporters and Exporters

Importers and Exporters have been advised to refrain from engaging in unlawful practices to reduce duty payments, as they may face consequences during the Post Clearance Audit process. This came up during a seminar on Customs Post Clearance Audit organized by the Ghana Shippers' Authority (GSA) in Kumasi. The seminar was organized in response to recurrent complaints from importers and exporters regarding the financial inconveniences they face after undergoing the Post Clearance Audit conducted by the Ghana Revenue Authority. The objective of the Post Clearance Audit is to verify the accuracy and correctness of the information provided by importers or…

28 Jul

Man Found dead On Street In Koforidua

wontumionlineNewsKoforidua

A man has been found dead on the street of the Abogri, a suburb of Koforidua in the Eastern Region. Unconfirmed report suggest he might have been lynched. He was found naked with a piece of cloth covering his private part and leg chained to a sign post. A tricycle suspected to be his was found burnt meters away from the body. The Assemblyman for the Area narrated he was called to assist in getting the police to retrieve the body. He is unable to tell who lynched him. “I was called early morning to come and see the body…

28 Jul

Pay Them – Arsenal Legend Charges Nigeria FA To Pay Bonuses Owed Super Falcons

wontumionlineSportsIan Wright

Arsenal legend, Ian Wright, has challenged the Nigeria Football Federation to settle salary arrears of players of the senior national women's team following their win over Australia. Wright in a post on Twitter write, “Pay them!!!!!! @thenff,” after the Super Falcons astonishingly beat tournament co-host 3-2 to go top of Group B. A report by Daily Mail suggests that the Super Falcons are yet to receive FIFA's £15,760 (AUS$30,000) paid to the associations to be disbursed to players for participation in the group stages of the tournament. In addition, the players are said to be owed others bonuses from their…

28 Jul

Cristiano Ronaldo Went To Saudi Arabia For Money Not Passion – Odion Ighalo

wontumionlineSportsCristiano Ronaldo, Odion Ighalo

Odion Ighalo says that Cristiano Ronaldo moved to Saudi Arabia purely for monetary reasons instead of a passion for the game. WHAT HAPPENED? Ighalo was the top scorer in the Saudi Pro League last season, playing for Al-Hilal, although he was released at the end of the campaign. He now claims that he moved to the country purely for a wage, and insists Ronaldo is doing the same, having joined Al-Nassr, along with Benzema. WHAT THEY SAID: Ighalo, 34, said to OmaSportsTV: "When you are young, yes, you play for passion. Back then, you don't care about money. But at…