Author: newsfilegh

A US-based Ghanaian professor, Kwaku Asare, has described the description of Akyems as “Sakawa Boys” by former President John Mahama as unacceptable and unbecoming. Prof Asare has, therefore, asked the flagbearer of the National Democratic Congress (NDC) to withdraw those comments and apologize accordingly. Mr Mahama is reported to have shared an article written by Bolgatanga Central Member of Parliament Isaac Adongo on his Facebook page, adding to the article the descriptions ‘Akyem Sakawa Boys’ and ‘Grandpa’. The former president, in an interview on Saturday, defended the post. “He [President Akufo-Addo] was an opposition leader who called Presidents before him…

President Nana Akufo-Addo has appointed Juliet Aboagye-Wiafe as the Deputy Director-General of the Ghana Civil Aviation Authority (GCAA). Her appointment is pending advice from the governing board of GCAA. A letter signed by the Secretary to the President, Nana Bediatuo Asante, Friday said the appointment is “pending receipt of the constitutionally required advice of the governing board of the Authority, given in consultation with the Public Services Commission.” “I take this opportunity to congratulate you formally on your appointment.” By Laud Nartey|3news.com|Ghana

A Senior Lecturer at the University of Ghana Business School (UGBS), Dr Lord Mensah, has questioned the decision of Ghanaian authorities to register Agyapa Royalties Limited in Jersey, UK. He said by registering it in that part of the world, the investment has been moved far away from the shareholders in Ghana. The government through a Deputy Minister of Finance, Charles Adu Boahen, said incorporating Agyapa in Jersey makes the deal tax-efficient and will also provide shareholders the best out of the transaction. “We used it because it was a tax-efficient avenue to use. If we had decided to use…

Finance Minister Ken Ofori-Atta has brought finality on whether or not the Agyapa Royalties agreement will be suspended following the dissenting views expressed so far on the agreement. He said the agreement will not be cancelled because the government is convinced it is good for Ghana. He made the revelation on Joy FM’s News file Saturday, September 5. He said on the show that “the issue of transparency, the valuation, tax haven and all of those little things that that people need to know,  I pray that we have done justice.” Asked whether the government can publish a 30-year cash…

Group CEO of Media General Beatrice Agyemang Abbey has advised graduating students of the University of Professional Studies, Accra (UPSA) to aspire for excellence as they are entering the corporate world. Ms Agyemang Abbey urged them not to allow the mediocrity and expectations of society to define them and their perspectives. Speaking as the Guest Honour at the 12th congregation of the tertiary institution on Saturday, September 5, she noted the number of graduates being churned out in the country makes the labour market highly competitive, hence there should be no room for mediocrity. “Graduating class of 2020, as you…

MTN Ghana has said it has it filed papers on Friday, September 4 at the Supreme Court, seeking to review the High Court’s recent decision regarding the declaration of telecommunications company as a Significant Market Power (SMP). This step was taken after a careful review of the Court’s judgment. On September 1, 2020 the High Court of Justice (Commercial Division) dismissed the company’s application for a judicial review of the declaration by the National Communications Authority (NCA) of MTN Ghana as an SMP. MTN Ghana respects the decision of the Court, however in our opinion the judgement did not address…

President Nana Addo Dankwa Akufo-Addo has said that the promise made by former president John Dramani Mahama to legalise commercial motorcycle transportation, popularly known as Okada, in Ghana smacks of inconsistency on his part. He said Mr Mahama and the late former president John Evans Atta Mills were the same people who enacted laws to ban Okada in the country, therefore, turning around this time to promise to legalise it indicates that he lacks consistency. The NDC flagbearer in the 2020 elections, has promised to legalise Okada if elected to be president again because in his view it is creating…

Finance Minister Ken Ofori- Atta has revealed that the government will publish details of the Agyapa Royalties agreement to assist the general public in accessing the document. He made the revelation on Joy FM’s News File Saturday, September 5. He said on the show that “the issue of transparency, the valuation, tax haven and all of those little things that that people need to know,  I pray that we have done justice”. Asked whether the government can publish a 30-year cash flow projections based on the Agyapa module juxtaposed side by side with inflows from the royalties from the current…

A Senior Lecturer at the University of Ghana Business School, Dr Lord Mensah, has noted that although the Ayapa Royalties deal is an innovative way of raising revenue, Ghana could be short-changed following the valuation price. He told Abena Tabi on The Key Points on TV3 Saturday, September 5 that Ghana will have to be cautious in order not to lose revenue from the deal. The Agyapa deal has been valued at $1 billion. According to government communications, the valuation was only to ‘spice’ up the deal to attract investors on the stock market. But Dr Lord Mensah said “we…

In response to the impacts of climate change on agricultural productivity in West Africa, particularly on small producers, the Economic Community of West African States (ECOWAS) has developed a financial mechanism integrated into the Regional Fund for Agriculture and Food (RFAF) called the “West African Initiative for Climate-Smart Agriculture (WAICSA)”. The WAICSA comprises of two facilities: the Financing Facility, which provides loans, guarantees and equity investments to small farms, smallholder organizations, agribusinesses, directly and through local financial institutions, and the Technical Assistance Facility, which helps financial intermediaries to design loan products incorporating Climate-Smart Agriculture (CSA) cross-compliance and guides smallholders in…