CUD Wontumi

523 Posts
Rising Bond Yields Point To Fiscal Challenges For Sovereigns – Fitch
15 Jan

Rising Bond Yields Point To Fiscal Challenges For Sovereigns – Fitch

CUD WontumiBusiness
Fitch Ratings has highlighted the growing fiscal challenges faced by sovereigns, including Ghana, in 2025, as government bond yields rise despite major central bank policy rate cuts. The impact on sovereign credit metrics will depend on the extent and duration of these increases, which reflect both monetary policy actions and broader economic factors. In early 2025, yields in the US, eurozone, and UK surged, with US 10-year yields rising over 100 basis points since the Federal Reserve's policy rate cuts in September 2024. Fitch attributed this to inflation risks, upward pressure on real interest rates, and rising concerns over government…
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T-bills Auction: Government To Raise GH¢6.35Bn On January 17, 2025
15 Jan

T-bills Auction: Government To Raise GH¢6.35Bn On January 17, 2025

CUD WontumiBusiness
The government plans to raise GH¢6.35 billion on January 17, 2025, through the issuance of 91-day, 182-day, and 364-day treasury bills. This will refinance maturing bills worth GH¢5.53 billion. Analysts attribute last week’s oversubscription to renewed investor confidence and the appeal of Ghana's high short-term yields, supported by the cedi’s strong performance. Last week’s auction saw an oversubscription of GH¢2.88 billion, with total accepted bids of GH¢8.08 billion, surpassing the target of GH¢5.20 billion and maturities of GH¢4.85 billion. Despite strong demand, yields rose slightly to 28.33% (+14 basis points) for 91-day bills, 28.96% (+5 basis points) for 182-day bills,…
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Coconut Sellers Recording Hiigh Sales In Tema Due To Dry Season
15 Jan

Coconut Sellers Recording Hiigh Sales In Tema Due To Dry Season

CUD WontumiBusiness
The harmattan season has sparked a surge in coconut water consumption as people turn to it for hydration and cooling during the dry weather. This increased demand has boosted the income of coconut vendors, with many reporting higher earnings compared to other seasons. Vendors like Daniel Arhin and Lucas Arthur shared that the season is particularly lucrative, with Arhin selling multiple rounds of stock daily and Arthur moving between communities to meet demand. However, rising transport costs have led to higher coconut prices, now averaging GHS7.00 each. While consumers appreciate the health benefits of coconut water—ranging from hydration to improved…
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Musician May D Opens Up About How COVID-19 Ended His Marriage
15 Jan

Musician May D Opens Up About How COVID-19 Ended His Marriage

CUD WontumiShowbiz
Nigerian musician May D has opened up about the challenges that led to the collapse of his marriage to his Swedish wife. Speaking on the Honest Bunch podcast, May D shared details about his journey from dating his wife since 2014 to getting married and settling in Sweden. Their arrangement saw him take on the role of a stay-at-home dad, looking after their child while his wife worked. However, the COVID-19-induced lockdown brought unexpected challenges, including international travel restrictions and the shutdown of airports. May D revealed he was stuck in Nigeria for almost a year, contrary to the agreement…
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WAPCo Reschedules Offshore Pipeline Maintenance To February 3
15 Jan

WAPCo Reschedules Offshore Pipeline Maintenance To February 3

CUD WontumiBusiness
The West African Gas Pipeline Company Limited (WAPCo) has revised the start date for its offshore pipeline cleaning and inspection exercise, commonly referred to as “pigging.” Initially slated for January 20, 2025, the operation will now commence on February 3, 2025, to better accommodate stakeholder interests. In a statement issued on Wednesday, January 14, WAPCo announced that the four-week exercise will involve the temporary suspension of reverse gas flow from Ghana’s Western Region to Tema, as well as the shutdown of key facilities in Tema, Lomé (Togo), and Cotonou (Benin). During this period, subsea valves at these strategic locations will…
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COCOBOD Seizes Three Trucks With Smuggled Cocoa And Lumber In Bono Region
15 Jan

COCOBOD Seizes Three Trucks With Smuggled Cocoa And Lumber In Bono Region

CUD WontumiBusiness,
The Bono Regional Office of the Ghana Cocoa Board (COCOBOD) has seized three heavy-duty trucks loaded with bags of cocoa and lumber suspected of being smuggled to either, neighbouring Burkina Faso, Togo or Cote D’Ivoire. The ‘Man diesel trucks’ with registration numbers GR 7237-21, AS 5278-23 and GR 314-24 were impounded at Nkrankwanta in the Dormaa West District of the Bono Region. The Bono Regional Administrator of the COCOBOD, Michael Paddy Kwasi Asumanu, who disclosed this in an interview with the Ghana News Agency (GNA) in Sunyani, said the trucks were seized upon a tip-off, saying the drivers, however, absconded.…
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OMCs Warn Of Looming Fuel Shortages
15 Jan

OMCs Warn Of Looming Fuel Shortages

CUD WontumiBusiness
The Chamber of Oil Marketing Companies (OMCs) has raised concerns about a potential fuel shortage in the coming days. The Chamber links this looming crisis to the suspension of the gold-for-oil programme and the stoppage of refining operations at Sentuo Oil. Dr. Riverson Oppong, the Chief Executive Officer of the Chamber, called on the government to take immediate and decisive action to prevent the expected shortage. “When the gold-for-oil programme began, it reached a peak, and we in the petroleum sector foresaw this issue. Whenever a graph peaks, a decline follows, and we warned the government, but it didn’t heed…
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Hollywood Actress’ Body Found Burnt In Los Angeles Home After Wildfires
15 Jan

Hollywood Actress’ Body Found Burnt In Los Angeles Home After Wildfires

CUD WontumiShowbiz
Dalyce Curry, an actress known for her roles in Blues Brothers, Lady Sings the Blues, and The 10 Commandments, has tragically passed away at the age of 95. Her remains were discovered after her home in Altadena was destroyed in a wildfire, according to TMZ. The devastating incident occurred as the Eaton Fire ravaged areas east of Los Angeles, engulfing homes and prompting widespread evacuations in Altadena and Pasadena. Curry’s granddaughter confirmed her passing in a heartfelt Facebook post. She shared that she had last seen her grandmother on Tuesday, January 7, after dropping her off at her Altadena residence. Later that day, the…
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MzGee Drops Stunning Baby Bump Photos [Watch]
15 Jan

MzGee Drops Stunning Baby Bump Photos [Watch]

CUD WontumiShowbiz,
Ghanaian media personality Gloria Akpene Nyarku-Acquah, popularly known as MzGee, is the latest mother in town. The elated mother took to her Instagram page to share her pregnancy photos on Monday, January 13, 2025. Her fans and followers, who have been thrilled by the announcement, took to the comment section to congratulate her. MzGee, as always, made elegant fashion statements with a baseball jacket, a pair of trousers, and a cap. Expressing her gratitude to God, she captioned her photos, “To God be the glory!!!” MzGee tied the knot with her husband, Raymond Acquah of Joy News, in a colourful…
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James scores Last-Gasp Equaliser For Chelsea
15 Jan

James scores Last-Gasp Equaliser For Chelsea

CUD WontumiSports
Chelsea’s Reece James marked his Premier League return from injury with a stoppage-time equaliser to salvage a draw against Bournemouth at Stamford Bridge. Cole Palmer opened the scoring for Chelsea in the 13th minute when he calmly found the net after wrong-footing Bournemouth keeper Mark Travers with a faked shot. Despite Chelsea dominating the first half, the Cherries were gifted a way back into the match after the interval when Moises Caicedo got on the wrong side of Antoine Semenyo and fouled the Bournemouth forward in the penalty area. Justin Kluivert made no mistake from the spot, beating Robert Sanchez…
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