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Greater Accra

Former German President Backs Ghana’s 24-Hour Economy Initiative.

Former German President Christian Wilhelm Walter Wulff has lauded Ghana’s proposal to establish a 24-hour economy, describing it as a transformative idea for economic growth. Speaking during his visit to AmaliTech, a German IT firm operating in Ghana and Rwanda, he highlighted how this initiative could strengthen global business partnerships.AmaliTech, which has been training and employing Ghanaian youth in digital fields like software development and data science, exemplifies the country's potential to bridge Europe’s digital talent shortage. Wulff expressed admiration for Ghana’s educated workforce and its ability to support German businesses, calling it a "win-win" for both countries.The Director of Operations at AmaliTech, Mathew Opoku-Darkwa, underscored the need for reliable infrastructure to fully implement the 24-hour economy and capitalize on the global demand for digital talent.

Edem 4Style January 13, 2025

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Ahafo

President Mahama Pledges Stable Power Supply and Economic Growth.

President John Dramani Mahama has assured Ghanaians of his administration’s dedication to maintaining a stable power supply, vowing to prevent the recurrence of “dumsor” (intermittent power outages). Speaking at the Annual National Convention of the Ahmadiyya Muslim Mission in Pomadze, he explained that power supply challenges stem from delays in procuring alternative fuels for thermal plants during scheduled maintenance of the West Africa Gas Pipeline. Mahama pledged timely procurement to avert outages.The President also reaffirmed his commitment to tackling economic challenges, expanding the tax net, and implementing policies like a 24-hour economy. He reiterated support for the free Senior High School (SHS) program, promising to address overcrowding issues. Additionally, Mahama outlined his plans to investigate misappropriated resources and pledged to revive the Pomadze poultry farms.The event, themed “Justice and Peace - The Essential Ingredients for National Development,” brought together over […]

Edem 4Style January 10, 2025

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Ahafo

Mahama Prioritizes Economic Relief for Ghanaians.

Felix Ofosu Kwakye, spokesperson for the transition team of President-Elect John Mahama, has assured Ghanaians that the incoming administration is committed to reviving the economy. Mahama’s priorities include stabilizing the cedi, reducing inflation, and easing financial burdens.At a joint transition meeting, concerns were raised about last-minute recruitments and a controversial GH₵240 million payment involving the ECG. To address these issues, a committee is being formed to ensure transparency in financial decisions.Speaking to the Chinese Ambassador, Mahama emphasized strengthening Ghana-China relations and focusing on sustainable economic growth, despite the challenges of debt defaults and inflation.

Edem 4Style December 13, 2024

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Ahafo

Domelevo Urges Mahama to Prioritize Accountability and Governance.

Former Auditor-General Daniel Yao Domelevo has called on President-Elect John Dramani Mahama to deliver good governance during his tenure. Domelevo highlighted the mandate given to Mahama and his parliamentary majority as an opportunity to implement impactful policies. He advised against exploiting the majority for partisan interests and emphasized enacting constitutional reforms to enhance governance.He also advocated for separating the Attorney General's office from the Minister of Justice role to improve accountability. Domelevo urged Mahama to immediately recover looted funds as promised and avoid a "honeymoon period," stressing the urgency of addressing Ghana's economic challenges.

Edem 4Style December 12, 2024

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Ahafo

Mahama Transition Team Flags Last-Minute Recruitments and Payments.

The Transition Team for Ghana’s President-Elect, John Dramani Mahama, has expressed concerns about last-minute decisions made by the outgoing administration. Felix Kwakye Ofosu, the team’s spokesperson, highlighted issues such as rushed recruitments and significant payments, including a controversial GH₵240 million payment linked to the Electricity Company of Ghana (ECG). He questioned the necessity of this payment and urged its suspension until further scrutiny is conducted.The team also warned of the fiscal strain these actions could impose on the incoming government. Kwakye Ofosu emphasized the importance of allowing the new administration to manage critical financial decisions to ensure accountability and protect public funds. He called for broader consultations to address these matters, stressing the need for responsible governance amidst Ghana’s fragile economic recovery.

Edem 4Style December 12, 2024

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Ahafo

Land Disputes Stifling Ghana’s Economic Growth – Chief Justice.

Chief Justice Gertrude Sackey Torkornoo has expressed concern over the persistent issues surrounding land acquisition and disputes in Ghana. Speaking at the 10th anniversary lecture of the Central University Faculty of Law, she highlighted how prolonged land litigations discourage investments, inflate costs, and ultimately hinder economic development.She emphasized the critical role of customary law in land ownership but noted its underrepresentation in Ghana’s legal education system. Justice Torkornoo urged for a stronger focus on alternative dispute resolution (ADR) methods, such as mediation and arbitration, to speed up conflict resolution and reduce court backlogs.The Chief Justice also called for practical legal education that combines traditional learning with hands-on skills like project management and research. She stressed the need for lawyers to broaden their expertise to solve complex societal problems effectively.Additionally, she criticized the weak regulatory frameworks governing ethnic leadership and the […]

Edem 4Style December 2, 2024

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CENTRAL

Elmina Residents Demand Justice for Nduom’s Businesses, Threaten Divine Wrath.

Residents of Elmina in the KEEA Municipality have given the government a one-week ultimatum to restore Dr. Papa Kwesi Nduom’s collapsed businesses, warning of invoking the wrath of their gods if no action is taken.During a peaceful protest, locals accused the government of deliberately targeting the legacy of their prominent citizen. Protest leader John Quansah stressed the community's reliance on divine intervention, highlighting the spiritual significance of their appeal.The demonstrators also blamed former Finance Minister Ken Ofori-Atta for the collapse of GN Savings and Loans, calling it politically motivated. Protesters demanded justice for Dr. Nduom, describing him as a key figure in creating opportunities for the youth and preserving Elmina’s economic pride.

Edem 4Style November 28, 2024

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Ahafo

Ghana Increases Cocoa Price for Third Time in 9 Months to GH₵49,600 per Tonne.

In response to ongoing cocoa price fluctuations on the global market, the Ghanaian government has raised the cocoa farmgate price to GH₵49,600 per tonne, effective November 8, marking the third increase in the past nine months. The recent 3.3% adjustment aims to offer cocoa farmers fairer compensation and strengthen their position within the competitive global cocoa market.The Ghana Cocoa Board (COCOBOD) confirmed that this increase would boost the confidence of over 800,000 cocoa farmers and provide greater income stability. Local farmer associations lauded the price hike, though they also called for a consistent supply of agrochemicals to optimize cocoa yields. Ghana has seen a steady decline in cocoa output due to factors such as unfavorable weather, illegal mining, and smuggling, which have reduced production targets for the new season.

Edem 4Style November 11, 2024

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Ahafo

31,000 Women-Owned SMEs in Ghana Boosted by EU-Funded WACOMP Initiative.

The recent conclusion of the West Africa Competitiveness Programme (WACOMP) has provided notable support to over 31,000 women-owned small and medium-sized enterprises (SMEs) in Ghana. Funded by the European Union with a budget of €6.35 million and implemented by the United Nations Industrial Development Organisation (UNIDO), this five-year initiative focused on enhancing the competitiveness of industries like cassava, mango, pineapple, cosmetics, and personal care. WACOMP not only facilitated market access but also connected over 500 SMEs to financial institutions, enabling them to secure credit up to GH¢4 million.During the closing ceremony in Accra, the EU Ambassador to Ghana, Irchad Razaaly, highlighted the project’s impact on Ghana’s business landscape, stating it has set a foundation for sustainable growth and prosperity. This initiative has also strengthened local production standards, with new quality standards developed and ISO 17025 accreditation granted to Ghanaian institutions, […]

Edem 4Style November 7, 2024

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Ahafo

Cedi Weakens, Now GH¢17.10 to the Dollar

The Ghanaian cedi has continued its decline, now trading at GH¢17.10 to the US dollar, marking a significant year-to-date loss of nearly 29%. This depreciation is intensifying concerns over rising inflation and the cost of living as import costs and essential goods prices surge. Experts attribute the cedi’s sustained weakening to several factors, including high demand for foreign currency to support imports, reduced foreign exchange inflows, and ongoing economic challenges. The depreciation pressures the Bank of Ghana, which has intervened in the past by injecting dollars into the forex market, though this approach has seen limited success in stabilizing the currency. Businesses and consumers alike are feeling the impact, with imported goods becoming more expensive. Many companies are adjusting prices upwards, which could drive inflation even higher. The cedi’s depreciation is a critical issue ahead of the December elections, as […]

Edem 4Style November 5, 2024

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