World

US govt pleased with ECG ‘privatization’ processes so far – Ambassador

US Ambassador to Ghana, Robert Jackson

The US Government has told Citi Business News everything is on track for the private sector participation in the Electricity Company of Ghana (ECG) under the Power Compact II agreement.

Currently, the six shortlisted companies are evaluating the assets of the ECG to guide further decision making on the move. Ghana is in an agreement with the Millennium Challenge Corporation (MCC) of the USA for a funding support of about 500 million dollars to turnaround the fortunes of the power distribution company.


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US commits to doubling trade volumes with Ghana

US Ambassador to Ghana, Robert Jackson with Finance Minister, Ken Ofori Atta

The American government says it is committed to double its trade volumes with Ghana via continuous investments to add value to Ghana’s exports.

The US Ambassador to Ghana, Robert Jackson explains that this should increase Ghana’s trade volume with the US from the current 1.2 billion dollars to 2.4 billion dollars.

Mr. Jackson made the remarks at a ceremony to commemorate USA’s 241st Independence Celebration in Accra on Thursday, June 29th, 2017.


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Expansion of electoral college cost NDC 2016 – Alex Segbefia

Alex Segbefia

Former Health Minister in the erstwhile National Democratic Congress government, Alex Segbefia says the decision by the party leadership to expand its electoral college, is partly to blame for the embarrassing defeat the party suffered in the 2016 elections.

The NDC with sitting President John Mahama lost massively in both the presidential and parliamentary elections held on December 7.

Nana Akufo-Addo the then opposition leader secured a resounding one-touch victory by polling 53.85% of total valid votes cast against incumbent John Dramani Mahama who managed 44.40%.


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Mahama appointees cause of 2016 defeat – Nana Ato Dadzie

Former Chief of Staff, Nana Ato Dadzie.

Former Chief of Staff, Nana Ato Dadzie says the opposition National Democratic Congress’ (NDC) lost the 2016 elections because appointees of former President John Mahama failed him.

The NDC led then by incumbent John Mahama unexpectedly lost the presidential and parliamentary elections held on December 7, 2016 after polling just 44.40 percent.

Then opposition leader of the New Patriotic Party (NPP), Nana Addo Dankwa Akufo-Addo recorded a stunning 53.85 percent of the total valid votes cast to win the election.


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President Akufo-Addo leaves for 3-day official visit to Zambia

President Akufo-Addo

The President of the Republic, Nana Addo Dankwa Akufo-Addo, left Ghana, on Monday, 26th June, 2017, for a 3-day official, State Visit to the Republic of Zambia, at the invitation of its President, His Excellency Edgar Chagwa Lungu.

President Akufo-Addo will hold bilateral talks with President Edgar Lungu, aimed at deepening the bilateral ties between the two countries, as well as exploring other areas of co-operation to the mutual benefit of the two peoples.


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Accra mayor rallies support for ‘cleanest city’ agenda

Mr Mohammed Adjei Sowah

Accra Metropolitan Assembly (AMA), Chief Executive Mohammed Adjei Sowah has rallied assembly members and other stakeholders to support the agenda of the assembly to make the President’s declaration of making Accra the cleanest city in Africa a reality.

He said achieving that mission required a huge change in policy, action plans, enforcement mechanisms and attitudes.

He made the call in his first sessional address to the assembly in Accra last Thursday.


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Ghana-cocoa-output-boosted-smuggling-Ivory-Coast-exporters

Cocoa

ACCRA/ABIDJAN, June 26 (Reuters) - Up to 80,000 tonnes of cocoa beans have been smuggled into Ghana from neighbouring Ivory Coast since the start of April, as Ivorian growers take advantage of higher prices in the neighbouring country, exporters said on Monday.

Further trafficking is expected to inflate Ghanaian output from its 11-week light cocoa crop, which opened on June 9.


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Mahama's Gitmo 2 deal didn't need parliamentary approval - NPP uses NDC argument

Current Attorney-General Gloria Akuffo and former Attorney-General Marietta Brew Appiah-Oppong

After castigating the then NDC government for failing to bring a diplomatic deal to parliament, the NPP, now in power, has argued the agreement to bring in two former terror suspects didn't need parliamentary approval.

Supreme Court orders after the deal landed on the bench shows, the NPP government has done a u-turn.

It has employed the same argument constructed by the NDC after some private citizens sued the Mahama government for entertaining the former suspects in Ghana.


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Gov’t to engage US Embassy over Ex-Prez, MPs privileges withdrawal

U.S. Ambassador to Ghana, HE Robert Jackson

Government says it will do all it can to reverse a decision by the United States Embassy, to withdraw some privileges extended to former Presidents in the country.

Deputy Information Minister, Kojo Oppong Nkrumah said the Foreign Affairs Ministry is yet to engage the Embassy for further details since the Ambassador did not make the pronouncement during a meeting with the Ministry but rather, at a meeting with Parliament’s Foreign Affairs Committee.


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South Africa's Sanlam sells stake in Ghana's Enterprise insurance business

Photo: 2ent_sanlam.jpg
Photo: 2ent_sanlam.jpg

South Africa's largest insurer Sanlam Ltd has sold its stake in Ghanaian holding company Enterprise Group's insurance business for $130 million but will retain a presence in the country, Sanlam said on Friday.

Sanlam Emerging Markets (SEM), a subsidiary of the Sanlam Group, acquired the 40 percent stake in Enterprise Insurance in 2014.


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