Ghana’s current account deficit is expected to narrow to 1.9% of Gross Domestic Product in 2023, UK-based Economist Intelligence Unit has revealed. It is also forecasting a further drop in the current account to 1.1% in 2024 as international prices for refined fuel imports decline from their 2022 peak, whilst contracting domestic demand in 2023 and more stringent regulations on imports suppress the import bill. The deficit will however widen in 2025-27, reaching 2.7% of GDP in 2027, as the primary income deficit grows. “Although export earnings from gold and cocoa (which are among Ghana’s major commodities) will rise, revenue…
Author: herbert
Vice President, Dr Mahamudu Bawumia has announced he will contest in the New Patriotic Party (NPP)’s flagbearership race. According to Dr Bawumia, he is prepared to lead the party to “break the eight.” He made this known to the Majority caucus in a meeting on Tuesday, May 2, according to MyJoyOnline.com sources. The NPP has scheduled its presidential primaries for November 2023. The nomination period for the primaries will begin on 26 May and end on 24 June 2023. Nine aspirants have so far declared their intention to lead the party. They include former Trades and Industry Minister, Alan Kwadwo…
Former President John Dramani Mahama says he will wage a strong fight against corruption should he be re-elected in the 2024 elections. According to him, the next National Democratic Congress (NDC) government will take the corruption fight more seriously. The former president insisted that corruption is a major drain on the state coffers. Addressing NDC delegates at Garu in the Upper East Region, the NDC flagbearer hopeful warned that any appointee who will be caught in the canker will be punished severely. Mr Mahama said this will be done without fear or favour. “NDC is going to come into office,…
Information Minister, Kojo Oppong Nkrumah On the occasion of World Press Freedom Day, government has commended the Ghanaian media for the indispensable role it plays in the country while urging greater emphasis on economic rights to support efforts in rebuilding faster after the recent global economic challenges. This year’s anniversary, themed ‘Shaping a Future of Rights: Freedom of Expression as a driver for all other human rights,’ marks the 30th global celebration of press freedom. In a statement released in Accra and signed by Minister for Information, Kojo Oppong Nkrumah, government expressed profound appreciation for the media’s significant contributions in…
Former National Women’s Organizer of the governing New Patriotic Party, Otiko Afisah Djaba Former National Women’s Organiser of the governing New Patriotic Party (NPP), Otiko Afisah Djaba, has revealed that she does not regret turning down an ambassadorial job in 2018, following her removal as Minister of Gender in President Akufo-Addo’s first term. Speaking on the May 2 edition of the GTV Breakfast Show, Djaba stated that the best thing that ever happened to her was rejecting the posting to Italy and retiring from politics. “It is my right, I’d worked for 16 years, I had four children, I was…
North Tongu MP, Okudzeto Ablakwa North Tongu MP, Samuel Okudzeto Ablakwa has expressed his excitement about the verdict on the contempt suit filed against him by Rev Victor Kusi Boateng. According to him, the outcome of the case was a green light to go ahead with his exposés. “I am really impressed and happy with this particular judge who kicked all those impediments in my way and I am really pleased that I can continue with the series of exposés,” he said in an interview with JoyFM’s Newsnight on Tuesday. He explained that it was well within his duties to expose the…
Okyeame Kwame and Ambolley Highlife musician Gyedu-Blay Ambolley has apologised to hiplife artiste Okyeame Kwame over claims that the latter received monies shared with artistes. This comes three years after he claimed that the rapper was one of the musicians given a share in the government ¢2 million meant for the Musicians Union of Ghana (MUSIGA). In an apology on LinkedIn, Ambolley noted that he was ‘mistaken’, explaining that MUSIGA’s former President Bice Osei Kuffour aka Obour did not personally hand over any government fund as a loan to Okyeame Kwame. He admitted that his claims that the ‘Made In…
Lionel Messi will leave Paris St-Germain this summer at the end of his current contract. The Argentine World Cup winner had reached an ‘agreement in principle’ to extend his stay for another year but neither club nor player now want to sign the deal. Messi is unconvinced the club can compete at the top of the European game, due to financial issues, while the French champions want to focus on developing young talent. He signed a two-year deal in Paris in 2021 with an option to renew for another year but that will now not be activated. It is understood…
The Functional Executive Committee of the National Democratic Congress (NDC) at its meeting on Tuesday, April 18 deferred its decision on the eligibility of Mr. Emmanuel Jones Mensah, an aspirant in the Keta Constituency Parliamentary primaries of the party. This was after FEC considered the report of a special committee that was set up to determine certain special appeals emanating from the decisions of vetting committees of the party, submitted its findings. During deliberations on the findings of the special committee by FEC, it was said that Mr. Emmanuel Jones Mensah’s name was not in the official Ashaiman database of…
Construction has stalled on the Ghana National Cathedral in Accra due to lack of money [File: Nipah Dennis/Al Jazeera] About 700 metres (765 yards) from Ghana’s Parliament sits one of the world’s most controversial craters, a hole surrounded by weeds into which $58m has already been sunk for the building of an interdenominational national cathedral. “I made a pledge to almighty God that He was gracious enough to grant my party, the NPP, and I victory in the 2016 elections after two unsuccessful attempts, so I will help build a cathedral to his glory and honour,” President Nana Akufo-Addo said…
