August 2023 - Page 77 of 83

02 Aug

I Declined GFA’s Invitation To Attend The Launch Of The Ghana Football DNA – Oti Akenteng

wontumionlineSportsOti Akenteng

Former Technical Director of the Ghana Football Association (GFA), Francis Oti Akenteng, says has revealed he turned down an invitation from the GFA to attend the launch of the Ghana Football Philosophy (DNA). He explains that he declined the invitation because he didn’t play a part in the documentation of the philosophy despite his experience. The GFA launched the philosophy weeks ago with hopes that it will define how Ghana plays football at all levels. “I was even invited for the launch of the football DNA but I didn’t attend the event because I didn’t contribute to it despite the…

02 Aug

‘I Can Never Become A Coach’ – Samuel Inkoom

wontumionlineSportsSamuel Inkoom

Hearts of Oak defender Samuel Inkoom has revealed that he can never become a coach after he retires from football. The former Black Stars right back believes coaching is not for everyone and it is not a venture he wants to go into. He added that being a football legend does not guarantee you will become a good coach. "I said to myself that I will not be a coach and I can never be a coach. I am saying this because it is not every player who played football who can be a coach," he told 3 Sports. "There…

02 Aug

YouStart: Over 26,000 Persons Received Business Advisory Support

wontumionlineBusinessYouStart

Finance Minister, Ken Ofori-Atta, has disclosed that the government’s YouStart initiative has benefited 26,626 individuals across the nation since its launch last year. The initiative aims to provide participants with entrepreneurial skills, investment readiness tools, as well as coaching and mentoring services. “To equip participants with entrepreneurial skills, investment readiness tools as well as coaching and mentoring services under the YouStart initiative, 26,626 persons nationwide have received business advisory support services since its launch last year,” the minister said as he presented the 2023 mid-year budget review Monday, July 31, 2023. Furthermore, the National Entrepreneurship and Innovation Programme has also been…

02 Aug

Jonathan Edwards: Meet The Star Of Ashanti Regional Inter Schools Football Final

wontumionlineSportsAshanti Regional Inter Schools, Jonathan Edwards

Accra-based Mountaineers FC winger, Jonathan Edwards, showcased his exceptional football skills and emerged as the Most Valuable Player (MVP) in the highly-contested Ashanti Regional Inter Schools football competition, despite his team OKESS facing a heartbreaking loss in the finals. Throughout the tournament, Edwards demonstrated his prowess on the field, consistently delivering remarkable performances. In the preliminary matches held at Owass, he exhibited remarkable form, scoring three goals and providing two crucial assists in just three matches. As the competition progressed to the main stage at the Baba Yara sports stadium, Edwards continued to shine. Over five matches, he notched two…

02 Aug

Fitch Downgrades US Credit Rating From AAA To AA+

wontumionlineBusinessfitch

The US government’s credit rating has been downgraded following concerns over the state of the country’s finances and its debt burden. Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top level of AAA to a notch lower at AA+. Fitch said it had noted a “steady deterioration” in governance over the last 20 years. US Treasury Secretary Janet Yellen called the downgrade “arbitrary”. It was based on “outdated data” from the period 2018 to 2020, she said. Investors use credit ratings as a benchmark for judging how risky it is to lend money…

02 Aug

‘It Hurts Me’ – Xavi Confirms Dembele’s Move To PSG

wontumionlineSportsBarcelona, Xavi

Barcelona’s Ousmane Dembele is on the verge of joining PSG, a decision that has left Barcelona coach Xavi visibly disappointed. The 26-year-old forward, who remained on the bench during Barcelona’s pre-season friendly victory over AC Milan, has signalled his desire to leave the club. Xavi, while addressing the situation after Tuesday’s game, conveyed his feelings, saying, “He says that he has this proposal and that he has decided to leave. It is his personal decision.” “I will be very clear,” Xavi said. “He has been very direct, that he has a proposal from Paris St-Germain, that they have called him…

02 Aug

Bank Of Ghana Explains What Caused Over GH¢60 Billion Loss In 2022

wontumionlineBusinessbank of ghana

The Bank of Ghana reported a Loss of GH¢60.8 billion. What is driving this huge loss: The main reason for this huge loss is the impairment of the holding of marketable Government stocks and non-marketable instruments of Government all being held in the books of the Bank of Ghana. This stock of Government instruments has been built over the years. In addition, the Bank of Ghana’s (BoG’s) exposure to COCOBOD, which has been built over the years, was also impaired. As we all know, the Government of Ghana embarked on both domestic and external debt restructuring. The holdings of Government instruments and COCOBOD exposures…

02 Aug

See The Various Prices For Government’s Affordable Housing Project At Pokuase

wontumionlineBusinessAffordable Housing Project

On Tuesday August 2, 2023, government cut sod for the commencement of works on the National Affordable Housing Project at a site located at Pokuase. President Nana Addo Dankwa Akufo-Addo speaking at the launch said the project is the first of its kind undertaken by his government since assuming office in 2017. The project will however comprise of a total of 14,000 affordable housing units to be developed by private developers to address Ghana’s housing deficit which is around 2.0 million units. As part of the project, the Ministry of Works and Housing and the Affordable Housing Programme has committed to providing…

02 Aug

Government Bets Recovery On Increased Domestic Production

wontumionlineBusinessKen Ofori Atta

Government’s efforts to return the economy to normalcy remain centred on increasing domestic production capacity, Finance Minister Ken Ofori-Atta has said. The minister’s remark came on the back of his assurances of the government pursuing a robust growth strategy within the limited fiscal space during his presentation of the Mid-Year Fiscal Policy Review of the 2023 Budget Statement and Economic Policy. Mr. Ofori-Atta, who admitted that 2022 was the most difficult year for him as a finance minister because the country went through dire periods of economic uncertainties and despondency, maintained confidence in the path to recovery. “2022 was the most difficult…

02 Aug

BoG Should Not Entirely Be Blamed For GH¢60.81bn Loss – Adu Sarkodie

wontumionlineBusinessbank of ghana

An economist at the University of Ghana, Dr. Adu Sarkodie has defended management of the Bank of Ghana over the GH¢60.81 billion loss the apex bank incurred in the 2022 fiscal year. Speaking to Bernard Avle on the Citi Breakfast Show onCiti FM, Dr. Sarkodie indicated that for the period under review, the Bank carried out its constitutional mandate well and so must not be lambasted. “The central bank is mandated to regulate the financial sector and influence GDP and employment, and they have done well on that level but the losses they made came from the fiscal side and were not the same as…