Author: newsfilegh

Ghana’s fiscal challenges and growing high public debt is likely to force the country to seek yet another bailout from the International Monetary Fund (IMF), the Minority in Parliament has predicted. As the country ended a three-year extended credit facility with the IMF in April last year, President Nana Akufo-Addo assured government would ensure fiscal discipline to avoid seeking assistance from the Breton wood institution. But barely two years on, the Minority claimed the “populist policies” by the government has come full cycle and thrown the country’s fiscal consolidation made under John Mahama, out of gear. Addressing a news conference…

Ghana’s fiscal challenges and growing high public debt is likely to force the country to seek yet another bailout from the International Monetary Fund (IMF), the Minority in Parliament has predicted. As the country ended a three-year extended credit facility with the IMF in April last year, President Nana Akufo-Addo assured government would ensure fiscal discipline to avoid seeking assistance from the Breton wood institution. But barely two years on, the Minority claimed the “populist policies” by the government has come full cycle and thrown the country’s fiscal consolidation made under John Mahama, out of gear. Addressing a news conference…

Vice president Dr Mahamudu Bawumia has reaffirmed government’s determination to fulfil the campaign pledge of facilitating year round farming in the northern regions through the construction of dams under the ‘One Village One Dam’ programme. According to Vice President Bawumia, government will complete ongoing construction works for these dams, to ensure that farmers have adequate water to farm and take care of their livestock. Speaking at the launch of activities marking the 20th Anniversary of the Tertiary Education Students Confederacy (TESCON), the student wing of the New Patriotic Party, in Accra on Monday, Dr Bawumia dismissed attempts by the opposition…

Ghana will for the second consecutive time take part in the United Nations simulation World Youth Summit in Johannesburg, South Africa from September 30 to October 2, 2019. The forum, predominantly of young people across the globe, will among other things discuss and promote quality education in accordance with the fourth Sustainable Development Goal (SDG) in its second edition. Scheduled to be held at the University of the Witwatersrand, the summit is expected to host over 500 young people, including Ghanaians, who will debate on matters that affect the youth and the world at large. The second edition comes on…

The Hungarian government is offering married couples a 10 million-forint (around €30,590) loan, which they do not have to pay back if they have three children. The money is available via a scheme that kicked off at the start of July. What’s more, the loan can be spent on anything the couple wants and is interest-free. Is there a catch? Like many other EU member states, the country is suffering from a labour shortage, with workers leaving the country in search of higher salaries. Prime Minister Viktor Orban and his right-wing Fidesz party want to encourage population growth via families…

The Hungarian government is offering married couples a 10 million-forint (around €30,590) loan, which they do not have to pay back if they have three children. The money is available via a scheme that kicked off at the start of July. What’s more, the loan can be spent on anything the couple wants and is interest-free. Is there a catch? Like many other EU member states, the country is suffering from a labour shortage, with workers leaving the country in search of higher salaries. Prime Minister Viktor Orban and his right-wing Fidesz party want to encourage population growth via families…

Dear Sir, It is my anticipation that you are well and kicking. Our culture teaches us to do what I just did – that it is good to greet or inquire about the well-being of anyone you encounter or seek to engage. Put differently, the founder of my church, Prophet C.K.N. Wovenu taught us that even if you intend to slaughter a fowl for food, first give it water to drink. That is not to say I am on a mission to slaughter. That appropriately done, Mr Minister, I must say I am totally gobsmacked by your utter silence over…

Ghana Cocoa Board will raise $1.3 billion in syndicated loans for its operations in the 2019/2020 season, the Minister of Finance Mr Ken Ofori-Atta announced in Parliament on Monday. In addition to the annual syndicated loan of US$ 1.3 billion, COCOBOD has initiated processes with the African Development Bank (AfDB) to raise additional US$600 million, seven-year long term facility for the implementation of Productivity Enhancement Programmes (PEPs) and other initiatives. The programmes include, hand pollination/pruning of cocoa farms, rehabilitation of diseased and over-aged farms, irrigation in dry seasons, and farmer database, among others. Presenting the 2019 mid-year review and supplementary…

Ghana Cocoa Board will raise $1.3 billion in syndicated loans for its operations in the 2019/2020 season, the Minister of Finance Mr Ken Ofori-Atta announced in Parliament on Monday. In addition to the annual syndicated loan of US$ 1.3 billion, COCOBOD has initiated processes with the African Development Bank (AfDB) to raise additional US$600 million, seven-year long term facility for the implementation of Productivity Enhancement Programmes (PEPs) and other initiatives. The programmes include, hand pollination/pruning of cocoa farms, rehabilitation of diseased and over-aged farms, irrigation in dry seasons, and farmer database, among others. Presenting the 2019 mid-year review and supplementary…

The entire results of 48,855 candidates who sat for this year’s West African Senior School Certificate Examination (WASSCE) have been withheld over various malpractices, the West African Examination Council has revealed. The affected candidates, representing 14.12 per cent of the total candidates who wrote the exams, were said to have taken to the examination halls, foreign materials such as prepared notes, printed material and mobile phones. Some of them were also found to have colluded with others and planned cheating with the connivance of some supervisors and school authorities. WAEC in a statement Monday to announce the release of the…