World Bank classifies Ghana as high debt distressed country; debt to GDP to hit 104% -

Oct52022 by Samuel AnsongNo Comments

World Bank classifies Ghana as high debt distressed country; debt to GDP to hit 104%

The World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6% by the end of 2022. According to its October 2022 Africa Pulse Report, debt is expected to jump significantly, from 76.6% a year earlier, amid a widened government deficit, massive weakening of the cedi, and rising debt service costs. It is also forecasting debt to GDP of 99.7% and 101.8% of GDP in 2023 and 2024, respectively. The size of Ghana’s economy is estimated at about $72 billion, whilst it is expected to spend about 70% of revenue this year to service its debt. The report is coming at a time the Bank and the International Monetary Fund (IMF) are conducting a Debt Sustainability Analysis on the country. A country which is highly de...

Oct52022 by Samuel AnsongNo Comments

From the streets to Mandela’s feet – Zahara tells her story

Africa News

Sensational South African singer, Zahara, is in Ghana and has revealed how she was discovered, including one of the highest moments in her musical career. She spoke to Lexis Bill on Personality Profile on Joy FM, last Thursday. According to Zahara, it took some time for her to identify the need to expand her craft and take up newer and bigger challenges. “Sometimes, I would force my brothers and sisters to go with me on the streets because I used to bask (perform with my guitar) on the streets with the poets”, she disclosed. Zahara who started off singing in her village, eventually succeeded in securing a spot at a public space that gave her more exposure. “There was a musical lounge that would give a slot to go perform as poets on Thursdays, [so] I would for...

Oct32022 by Samuel AnsongNo Comments

CAF re-opens bids for AFCON 2025

Africa News, Sports

The Confederation of African Football (CAF) has re-opened bids for the hosting rights of AFCON 2025 after they were taken away from original host Guinea. The CAF Executive Committee met on Saturday 1 October 2022 in Algiers, Algeria where the announcement was made. Guinea were stripped of the competition following a meeting on Friday in Conakry between Guinea’s interim president, Colonel Mamady Doumbouya, and the president of African football’s governing body, Patrice Motsepe, to discuss the withdrawal after the west African country, among the poorest of the continent, said it was not ready to host the 24-nation tournament. In 2014, Guinea originally were awarded the hosting rights to the 2023 finals, along with Cameroon (2019) and Ivory Coast (2021). But Cameroon were strippe...

Sep92022 by Samuel AnsongNo Comments

Akufo-Addo directs official flags to fly at half-mast following Queen Elizabeth’s death

Africa News, Ghana News, International, World News

President Akufo-Addo has directed that all official flags should fly at half-mast beginning Friday for seven days to honour the death of Queen Elizabeth. The President gave this directive on Thursday in a tweet to sympathise with the Royal Family and His Majesty King Charles III. “She was a cherished and revered monarch of the British people, the longest-serving in their history, who will be sorely missed. We are saddened by her departure. “In honour of her memory, I have directed that all official flags in the nation fly at half-mast for seven (7) days, as from tomorrow, Friday, 9th September,” the tweet read. https://twitter.com/NAkufoAddo/status/1567946849637613569?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1567946852837769216%7Ctwgr%5E22b453f179ea55e0526ab4e411e...

Sep52022 by Samuel AnsongNo Comments

Ghana First In Sub-Region To Commit To Nuclear Power

Africa News, Ghana News

The Director of the Nuclear Power Institute of the Ghana Atomic Energy Commission, Professor Seth Kofi Debrah says President Nana Addo Dankwa Akufo-Addo’s approval for the inclusion of nuclear power into the country’s power generation mix indicates the country’s readiness to go nuclear. The President, in a statement on Wednesday, approved the inclusion of nuclear technology into the country’s power generation mix. The statement said the decision was in line with global collective commitment to ensure sustainable power to enhance rapid industrialisation, and to propel economic growth. Prof Debrah told the Ghana News Agency that the formal announcement of approval meant the country was the first in the subregion to commit to a nuclear power programme and provided enough signa...

Aug252022 by Samuel AnsongNo Comments

Low minimum wage accounts for theft at workplaces – CEO of Mckeown Group

Africa News, Ghana News, Pentecost News

Chief Executive Officer of the Mckeown Group of Companies, Kwaku Adu Aninkorah, has lamented the lack of integrity among Ghanaian workers. He however says the low minimum wage paid workers partly accounts for theft at workplaces. There have been several conversations on the negative attitude of Ghanaian employees towards work. This has been frustrating to business owners. Many employees have been reported stealing, and contributing to the collapse of many businesses. But Mr. Aninkorah says lack of proper structures at the workplace, including record keeping and tax payment, makes it difficult to report theft to the Police. Speaking to David Akuetteh on Luv In the Morning on Luv FM, he said “integrity has come to naught. It is time to demonstrate honesty even ...

Aug252022 by Samuel AnsongNo Comments

Over 23,000 people test positive for HIV in six months

Africa News, Ghana News

A total of 23,495 people in Ghana tested positive for HIV in the first half of this year (January to June). The figure is two percent of the 948,094 people who undertook HIV testing from January to June 2022, the Programme Manager of the National STIs and HIV/AIDS Control Programme, Dr. Stephen Ayisi Addo said in a report filed by state newspaper, graphic online. “The figure for this new infection is too high, so we need to intensify education to let people know that HIV is still real; …We have to let people know that they need to stick to the prevention strategies…,” he said. Dr. Ayisi Addo said most of the 23,495 people who tested positive had since been put on HIV treatment. He attributed the figures to complacency and ignorance explaining that awareness creation on the par...

Aug242022 by Samuel AnsongNo Comments

NSMQ’s Francisca starts Harvard University Pre-med after rejecting Cornell, Stanford and NYU

Africa News, Ghana News, International, Pentecost News

The 2021 National Science and Maths Quiz (NSMQ) poster girl, Francisca Lamini, has started her pre-med programme at Harvard University in the US. The former student of Keta Senior High School (KETASCO) seems very excited about her prospects as she shared her feeling in a Facebook post. She formed part of the KETASCO team that made history when they qualified for the finals of the NSMQ that year during which she caught the public eye. Recounting the sequence of events after she left Ghana on August 16, the scholar explained that she has learnt so much already. According to the freshman, she “was pleasantly surprised when I got admission to four international colleges; Harvard University, Cornell University, Stanford University, and New York University (Abu Dhabi), all...

Aug192022 by Samuel AnsongNo Comments

An African team can win the 2022 FIFA World Cup – Samuel Eto’o

Africa News, Ghana News, Sports

Qatar Legacy Ambassador Samuel Eto'o Fils touched down at the Kotoko International Airport last night with a mission to ensure that the managers of the Black Stars are armed with the best information heading into the 2022 FIFA World Cup in Qatar. According to Eto'o, who is the leader of the Supreme Committee and Legacy delegation from Qatar with the right information, sub-Saharan Africa's representatives at the Mundial - Cameroon, Senegal and Ghana - can make a huge splash and even go all the way to win the World Cup. Speaking through a translator, Eto'o who played in the 2008 African Cup of Nations in Ghana told GraphicOnline that: "First of all I feel at home and I don't need a reason to be back home," yesterday. "However I came with our brothers from Qatar for our national tea...

Aug192022 by Samuel AnsongNo Comments

2022 Job Fair to reach 6,000 prospective employees

Africa News, Ghana News

A fair that will bring together private organisations to exhibit job openings and create prospects for job seekers is scheduled to take place in September this year. Dubbed: the Green Edition, the Ghana Job Fair 2022 caravan will be held in Accra on Wednesday, September 14; Sunyani on Thursday, September 15; Kumasi on Monday, September 26, and Tamale on Tuesday, September 27. The in-person and virtual fair is targeted at creating a joint platform for employers to recruit prospective employees for their institutions and also provide orientation on career prospects and skill demands on the labour market for job seekers. To complement the government’s efforts at finding lasting solutions to youth unemployment, the Job Fair, which is expected to attract over 6,000 participants in the...

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