Author: newsfilegh

Former Ghana Ambassador to Namibia and Botswana Alhaji Abdul-Raman Haruna Atta has said that Professor Kwamena Ahwoi’s book ‘Working with Rawlings’ is just a literary work and should not be viewed as a conspiracy. “If people are taking Prof. Ahwoi’s book as conspiracy, they are not doing good for the literary development in our country. “Prof. Ahwoi’ book is about something he experienced; I don’t think it should be something harmful.” He said this while speaking on 3FM’s Sunrise with host Alfred Ocansey. Former President Jerry John Rawlings on Wednesday, August 26 reacted to the publication and denied most of…

Ghanaian musician Kwaisey Pee has asked fellow artistes not to move from highlife and veer into other areas because that genre is what identifies Ghanaians. He asked them not to copy the style of their Nigerian counterparts. Speaking on 3FM with Anita Akuffo on Showbuzz Thursday, August 27, he urged new artistes to do more highlife music and not to copy other artistes from Nigerians. “They should make sure they are not drifting from our traditional highlife music. If any of them are doing highlife, they should make sure they don’t lose all the elements and that is where my…

Finance Minister Ken Ofori Atta has dismissed claims that the government rushed the Agyapa Royalties agreement. He said discussions and deliberations on the deal started as far back as in 2018, therefore it cannot be described as an agreement that was prepared hastily. Ghana’s legislature approved the controversial Agyapa Mineral Royalty Limited agreement Friday, August 14 despite a protest from the Minority. Based on the agreement, Agyapa Royalties Limited (ARL) will trade shares on the Ghana Stock Exchange and the London Stock Exchange for private people to buy. But the Mineral Income Investment Fund(MIIF) will remain the majority shareholder. The…

The Minister of Finance, Ken Ofori-Atta, has said that Agyapa Royalties Limited by the end of this year will be listed on the London Stock Exchange (LSE). This, he said, will be the first time such an African company of this kind will be listed on the LSE, a situation that brightens the image of Africa. Speaking on issues surrounding the Agyapa Royalties deal at a press conference in Accra on Thursday, August 27 said this will ensure that African companies rub shoulders with the international counterparts. “We are excited about the listing of Agyapa in London by the end…

Finance Minister Ken Ofori-Atta has said at a press conference in Accra on Thursday, August 27 that the government is being innovative in the generation of revenue for developmental projects with regard to the Agyapa Royalties agreement. Mr Ofori-Atta said government is in a hurry to fix the developmental challenges facing the country hence the need to use all manner of means within the legal framework to raise revenue. He said: “We are excited about the listing of Agyapa in London by the end of the year. It creates the first royalty company of that nature in Africa. “It is…

The Minister for Lands and Natural Resources, Kwaku Asomah-Cheremeh has charged the newly constituted governing board of the Volta Aluminium Company (VALCO), to drive an agenda that will set the company as the fulcrum of the full development of an integrated aluminium industry supervised by the Ghana Integrated Aluminium Corporation (GIADEC). The minister made the statement when he swore in a six-member board of directors with well accomplished backgrounds in the fields of energy, economics and industrialization, for a four-year term to steer the revamping agenda of the Volta Aluminium Company under GIADEC. The minister was elated that, GIADEC and…

Striker Joseph Esso has confirmed his departure from Ghana Premier League club Hearts of Oak in an emotional letter. Earlier this month, news broke that he and four others were leaving the club due to stalled contract negotiations. Both club and player later returned to the discussion table but events that followed have made a return for Esso impossible. The striker hopes the club understands his decision. “I have reached a decision on my career path and hope you understand the need for a fresh challenge, just as each and everyone of you should when you have the chance to…

Former Ivorian captain Didier Drogba’s bid to contest the next elections of the Ivory Coast Football Federation has been thrown out after he was told he is not eligible to stand. The federation’s electoral commission said that the former Marseille man did not fulfil a list of eligibility criteria. Two of the names that he had put in as sponsors were ruled out because the Federation said the two did not have the necessary authority to do so. The federation’s current 1st Vice President, Sory Diabate, had already received backing from officials from the Ivorian club African Sport and a…

Dr Akinwumi A. Adesina has been re-elected to serve a second five-year term as President of the African Development Bank (AfDB) Group on Thursday, August 27, 2020 by the Board of Governors of the Bank. A globally renowned development economist and a World Food Prize Laureate and Sunhak Peace Prize Laureate, Dr. Adesina has distinguished himself in driving a bold agenda to reform the Bank and accelerate Africa’s development. He was first elected as President of the Bank on May 28, 2015. As newly re-elected President, Dr Adesina, a former Nigerian Minister of Agriculture, will begin his new term on…

Credit-rating agency Fitch has said Ghana’s plans to pursue fiscal consolidation more slowly than the government had previously indicated may lead to a higher public debt trajectory and could be a source of downward pressure on the country’s ratings. Despite this, it said the projections need to be seen in the context of upcoming elections. According to Fitch, government’s revised budget, approved by Parliament on Friday, August 7, forecasts the deficit to reach 11.4 per cent of GDP in 2020, up from 4.7 per cent in its initial budget. The 2021-2024 budget guidelines released on Monday, August 17 indicate that…