Economics

A resident of Madina-Adentan is unhappy with a 2019 timeline given by the Ghana Highways Authority for the construction of bridges on the Madina-Adentan highway.

Selorm Brantie who is a member of the residents association is unimpressed with the assurance by GHA.

He said one year is too long a time and that more people would have died by that time.

According to him, the time to act is now to save lives since one life is one too many to lose.

President Nana Addo Dankwa Akufo-Addo has given the indication that the 2019 budget would "reflect the hope Ghanaians have in the government and the future of the country".

He said though his administration inherited an ailing economy, systematically, it had succeeded, as economic indicators have shown, to put the country's economy back on the right path.

Dr Kwabena Duffour, a shareholder of the defunct uniBank Ghana Limited, has initiated a fight to reclaim uniBank, which the Bank of Ghana (BoG) on August 1, 2018, collapsed along with four other banks on grounds of insolvency.

The Bank of Ghana on August 1, 2018 merged five banks into a Consolidated Bank of Ghana Limited with the explanation that, investigations had established that the five banks were insolvent.

The banks are BEIGE, Sovereign, Construction, uniBank and Royal.

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.

Today's Front pages of Ghanaian Newspapers.

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.

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.

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.

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.

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.