August 2023 - Page 81 of 83

01 Aug

Real Betis Announce Signing Ghana’s Mawuli Kwame Mensah

wontumionlineSportsMawuli Kwame Mensah, Real Betis

Ghanaian midfielder, Mawuli Kwame Mensah, is set to embark on a new chapter in his football career as he joins Spanish club Real Betis in a promising three-year deal. The La Liga side announced the signing of the talented youngster ahead of the 2023/24 Spanish top flight season. Mensah's impressive performances and skills did not go unnoticed, catching the eye of Betis coach Manuel Pelligrini, who saw great potential in the young player. As a result, Mensah has secured a lucrative move to one of Spain's top football clubs. The 19-year-old midfielder's arrival from Antequera CF to Real Betis signals…

01 Aug

‘I’m Coming After You’ – NLA Boss Warns Over 300 Illegal Lottery Operators In Ghana

wontumionlineBusinessNational Lottery Authority, Sammi Awuku

Director General of the National Lottery Authority (NLA), Sammi Awuku has warned all illegal lottery operating companies and individuals to desist from their actions and go to the nearest NLA offices for license. He cautioned that the Ghana Revenue Authority in conjunction with the NLA will from Tuesday, August 1, 2023 will conduct an exercise to swoop down on all lottery operators operating illegally and take the necessary punitive action against them. "It is estimated that over 380 lottery operators and companies in Ghana are illegal . . . The lottery industry in Ghana is estimated at 1 billion cedis annually. As…

01 Aug

India’s Ban On Exportation Of Rice And Possible Impact On Ghana And Other African Countries

wontumionlineBusinessRice

Rice prices in Ghana are anticipated to experience a significant surge following the recent decision by the world’s largest rice exporter, India, to impose a ban on rice exports. This action, taken by the Indian government to address domestic inflation concerns, has raised concerns regarding potential global food price hikes. India, accounting for over 40% of worldwide rice shipments, holds the position of the leading rice exporter. As a result of India’s embargo, rice prices from various Asian nations have already witnessed an upward trend in global markets, with traders projecting substantial further increases in the near future. In 2022,…

01 Aug

Don’t Just Talk, Back It With Facts- Fanteakwa South MP Fires Minority MPs

wontumionlineFeatured, News, TrendingHon. Kofi Okyere Agyekum, Minority MP, Turning the corner

The Member of Parliament for Fanteakwa South, Hon. Kofi Okyere Agyekum, has defended the finance minister on his assertion that Ghana is currently making modest gains in turning the economy around after experiencing severe economic hardship in 2022. This comes after the finance minister noted during the 2023 mid-year budget review presentation in Parliament on Monday noted that the government has turned the corner- this, the minority described as false but rather government has deepened the woes of the ordinary Ghanaian. However, speaking on Movement In The Morning show on Movement TV/ Wontumi Radio, the Fanteakwa South lawmaker disagreed with…

01 Aug

DDEP: Government To Restructure GH¢31 Billion Of Local Pension Funds

wontumionlineBusinessLocal Pension Funds

Ghana is inviting local pension funds to a debt restructuring deal that gives the state fiscal space in the medium-term at no loss to the retirement funds. Pension funds have been offered to exchange about 31 billion cedis ($2.7 billion) of existing investments that carry an average coupon of 18.5% for two new bonds maturing in 2027 and 2028 with an average interest rate of 8.4%, the Ministry of Finance said in an exchange memorandum late Monday. The government will also give holders more of the securities — which were issued in February — and an additional cash-payment instrument that…

01 Aug

Aliko Dangote’s Sugar Empire Reports $36-Million Loss Amid Naira Devaluation – Report

wontumionlineBusinessAliko Dangote

Dangote Sugar Refinery Plc, a leading integrated sugar business owned by one of Africa’s wealthiest individuals, Aliko Dangote, faced substantial foreign exchange losses amounting to more than $100 million in the first half of 2023. The staggering N83.1 billion ($107.3 million) in foreign exchange losses were attributed to the devaluation of the Naira, which adversely affected the company’s earnings capacity and necessitated the revaluation of its foreign currency obligations. This pressure on earnings resulted in a significant loss of N27.98 billion ($36.17 million) during the first six months of 2023. This contrasts sharply with the N20.24 billion ($26.2 million) profit…

01 Aug

Anomabo Fisheries College: Enrolment Of Students To Begin End Of Year – Ofori-Atta

wontumionlineBusinessAnomabo Fisheries College, Ken Ofori Atta

The first batch of students to be enrolled into the Anomabo Fisheries College is expected to take place at the end of this year 2023, Finance Minister Ken Ofori-Atta has announced. This follows the completion of civil works on the Phase 1 of the Anomabo Fisheries College project by government. Presenting the midyear budget review to Parliament on Monday, 31 July 2023, the Finance Minister revealed that 37 out of a target of 50 premix automated vending machines were installed in various landing beaches at Elmina, Chorkor and Nungua among others as part of efforts to prevent diversion and hoarding of premix…

01 Aug

Auditor General Indicts 2 Urban Roads Account Officers For ‘Stealing’ GH¢1.9m

wontumionlineNewsAudit, Urban Roads

Auditor General indicts 2 Urban Roads officials for 'stealing' GH¢1.9m The 2022 Auditor General report has revealed incriminating evidence against two account officers at the Greater Accra Regional Department of Urban Roads. These officers are accused of embezzling an amount of one point nine million Cedis during the period spanning January 2020 to March 2022. One of them is a former Greater Accra Regional Accountants Officer whiles the other was an account staff within the department. The Regional Accountant is suspected of single-handedly embezzling about one point six million cedis through fraudulent withdrawals. Additionally, both officers were involved in separate…

01 Aug

2023 WWC: USA Progress To Last 16 Despite Portugal Draw

wontumionlineSports2023 Women's world cup, USA

Defending champions the USA suffered a huge scare against Women’s World Cup debutants Portugal before scraping through to the last 16. The Stars and Stripes are yet to fire at the tournament and, after being held by the Netherlands in their previous match, suffered another frustrating draw that raised questions about their hopes of winning the tournament for an unprecedented third time in a row. Portugal, who would have caused one of the greatest upsets in the competition’s history had they won, hit the post through Ana Capeta in the 91st minute. In the end the USA were relieved to…

01 Aug

Women’s Premier League: 2023/24 Season Set To Commence October 27

wontumionlineSportsMalta Guinness Women's Premier League

The 2023/24 Malta Guinness Women’s Premier League is scheduled to kick off on the weekend of Friday, October 27 to Sunday, October 30, 2023. Twenty clubs compete in the elite League, with ten clubs in each Zone, Southern and Northern. Holders Ampem Darkoa Ladies will be looking to win a record third straight title while Sekondi-based Hasaacas Ladies aim to reclaim a title they lost to the champions two times on the spin. Fosu Royal Ladies and Kumasi Sports Academy have qualified to play in the Northern Zone while Sea Lions and Jonina Ladies compete in the Southern Zone having…