Economics

BoG fails to do broader consultation on banks recapitalisation - Prof. Gatsi

Bank of Ghana

Accra, Aug. 8, GNA - Professor John Gatsi, the Head of Finance Department, University of Cape Coast, on Tuesday said the Bank of Ghana (BoG) failed to undertake broader stakeholder consultations before starting the indigenous banks’ recapitalisation exercise.

He said the Central Bank should have engaged in transparent and active debate involving bankers, policy-makers, politicians and other key stakeholders in the banking industry to ensure an alternative policy direction.


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Joyce Mogtari writes...Of Ameri and matters arising

Joyce Bawah Mogtari

In the not so recent past, under the watch of former President John Dramani Mahama, Ghana suffered a crippling power production deficit that was christened Dumsor- similar to the power crisis under former President John Agyekum Kufuor.

The deficit was the result of previous years of not adding any significant megawatts of production capacity to our generating plants, as against an increase in the power demand by homes and businesses, spurred by population growth and industrial expansion.


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AMERI saga: Minority want Bediatuo sacked

The Minority want the President's Secretary, Nana Asante Bediatuo sacked as well.

The Minority in Parliament is demanding that the President sacks his Executive Secretary, Nana Asante Bediatuo, over the controversial revised AMERI deal that has led to the firing of Energy Minister Boakye Agyarko.

They have also called on the police to institute a criminal probe into the processes that led to the review of the deal that was initially signed by the previous John Mahama administration.

Parliament last month froze approval processes for the agreement following concerns the new deal will cost the country about a billion dollars more.


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Dismissing Energy Minister right decision – VRA union leader

President Akufo-Addo and dismissed Energy Minister Boakye Agyarko in happier times

President Akufo-Addo’s dismissal of Energy Minister Boakye Agyarko late Monday evening over the controversial renegotiated Ameri power deal, has been hailed as an inevitable decision.

Theophilus Tetteh Ahia, Vice Chairman of the Volta River Authority (VRA) Senior Staff Association, says the decision does not surprise them given that the Energy Minister failed to engage key stakeholders including the VRA in renegotiating the deal. He also spurned all good counsel to renegotiate for a value for money deal.


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President relives energy Minister of position

Accra, Aug. 6, GNA - President Nana Addo Dankwa Akufo-Addo has relieved, with immediate effect, the Minister of Energy, Mr Boakye Agyarko of his position.

A statement issued in Accra on Monday by the Director of Communications at the Jubilee House, Mr Eugene Arhin, said the President has asked the Lands and Natural Resources Minister, Mr John Peter Amewu to act temporarily until a substantive appointment was made.

The statement said the President wished Mr Agyarko well in future endeavours.


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President relives energy Minister of position

Boakye Agyarko

Accra, Aug. 6, GNA - President Nana Addo Dankwa Akufo-Addo has relieved, with immediate effect, the Minister of Energy, Mr Boakye Agyarko of his position.

A statement issued in Accra on Monday by the Director of Communications at the Jubilee House, Mr Eugene Arhin, said the President has asked the Lands and Natural Resources Minister, Mr John Peter Amewu to act temporarily until a substantive appointment was made.

The statement said the President wished Mr Agyarko well in future endeavours.


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Execute your mandate with utmost professionalism, Akufo-Addo admonishes media

President Nana Addo Dankwa Akufo-Addo (2nd left) congratulating Mr Awini Asitanga Awinpang Dominic (right), the Overall Best Student at the 12th graduation ceremony of the Ghana Institute of Journalism (GIJ). Looking on is Dr Matthew Opoku Prempeh (left), the Minister of Education Picture : SAMUEL TEI ADANO

President Nana Addo Dankwa Akufo-Addo has urged the Ghanaian media not to consider juicy headlines and breaking news at the expense of the future and integrity of the country.

He advised the media to take a second look at the power they wielded and the responsibility they owed to society and execute their mandate with utmost professionalism while abiding by the ethics of the profession.


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Ghana, Cote d’Ivoire to secure $1.2bn loan for agenda to attract youth to cocoa industry

Mr Aidoo (in smock) addressing the media in Kumasi

The governments of Ghana and Côte d'Ivoire are close to securing a $1.2 billion loan from the African Development Bank to undertake programmes and interventions that will make the cocoa industry attractive to the youth.

Six million dollars of the amount will go into the rehabilitation of the industry while the rest will be used to promote value addition to domestic processing of cocoa beans.


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