Connect with us

General News

Ailing economy: Nana Addo to address Ghanaians on October 30

Published

on

President Nana Addo Dankwa Akufo-Addo will on Sunday, October 30, 2022, address the nation on the current economic situation in the country.

It will come off at 8:00 pm.

Ghana’s economic indicators keep worsening. The Ghana cedi for instance has seen a huge depreciation as it has lost close to 50 percent of its value since the beginning of the year.

Bloomberg has also rated the currency the worst-performing worldwide after considering a basket of 148 currencies worldwide.

Currently, the cedi is selling at over GH¢12.00.

Ghana’s inflation for September 2022 stands at 37.2 percent while Producer Price Inflation for the same month has risen to 45.5 percent putting majority of Ghanaians in a tight situation because their purchasing power keeps reducing amidst poor salaries.

Prices of food items are high, coupled with the increasing cost of transportation.

Ghanaians will soon pay more for transportation as the Ghana Private Road Transport Union (GPRTU) is set to increase fares by 19% effective Saturday, October 29, 2022, a move necessitated by the continuous soaring prices of petroleum products at the various fuel pumps.

Currently, Diesel and Petrol are selling for over GH¢15 and GH¢13 respectively at major fuel pumps; a situation transport operators say is eroding their profit.

Meanwhile, VIP JEOUN announced new transport fares for the travelling public effective Monday, October 24.

On the labour front, workers are demanding better working conditions. Manufacturers are also adopting ways to cut down on operations in the wake of these economic difficulties.

There are ongoing discussions between the government of Ghana and the International Monetary Fund (IMF) for a US$ 3 million bailout to salvage the economic downturn.

Meanwhile, the President and his cabinet will today, Thursday, October 27, 2022, begin a three-day retreat to deliberate on the economy as government’s negotiation with the International Monetary Fund (IMF) nears completion.

The President for the past two days engaged relevant stakeholders on how best to revive the economy.

 

 

The post Ailing economy: Nana Addo to address Ghanaians on October 30 appeared first on Citinewsroom – Comprehensive News in Ghana.

Continue Reading

General News

Ghanaian fibre optics inventor, Dr Thomas Mensah passes on

Published

on

By

The Adisadel College Old Boys Association's official X account also announced Dr. Mensah's death.

Dr. Thomas Mensah, a renowned Ghanaian-American scientist and developer of fibre optics, died at the age of 74.

According to a statement published by the family on Thursday, March 28, the renowned innovator, who played a key role in revolutionising telecommunications and technology, died of sickness at Kumasi Catholic Hope Exchange Hospital.

“Dr. Thomas Mensah died on March 27, 2024, in Kumasi Catholic Hope Exchange Hospital. Dr. Mensah died from a brief illness.


“The family hereby informs the wider public of the unfortunate event. “Dr. Thomas Mensah died at the age of 74,” the announcement added.

The Adisadel College Old Boys Association’s official X account also announced Dr. Mensah’s death.

“He was known on the global stage for his significant contributions in the field of fibre optics and nanotechnology.”

Dr. Mensah’s ideas have had a significant influence on global communications networks, making substantial contributions to the field of technology.

His major innovation in fibre optics enabled high-speed data transport, revolutionising several sectors and contributing to the digital age’s success.

Continue Reading

General News

Good news for teachers: 1 teacher, 1 laptop

Published

on

By

His remarks came after the Ghana National Association of Teachers (GNAT) expressed reservations about the Ghana Smart School Project, which debuted on Monday, March 25, 2024. According to GNAT, since 2021, when the government launched a similar scheme for teachers dubbed as the "1 Teacher 1 Laptop" project, over 100,000 instructors in public schools have yet to receive theirs. However, Dr. Adutwum, a teacher himself, told teachers that his Ministry has their best interests at heart and will never fail them. He indicated categorically that the instructors will receive their computers by the end of June.

Teachers in public schools will receive the laptops promised by the government in 2021 by the end of June 2024.

Dr Yaw Osei Adutwum, Minister of Education, said this on Adom FM’s morning broadcast, Dwaso Nsem, on Tuesday.

“I can tell you that the instructors will receive their computers by the end of June, as promised. They’ve already met with the Ghana Education Service (GES) and are figuring out how to get their laptops,” he said.

His remarks came after the Ghana National Association of Teachers (GNAT) expressed reservations about the Ghana Smart School Project, which debuted on Monday, March 25, 2024.

According to GNAT, since 2021, when the government launched a similar scheme for teachers dubbed the “1 Teacher 1 Laptop” project, over 100,000 instructors in public schools have yet to receive theirs.

However, Dr. Adutwum, a teacher himself, told teachers that his Ministry has their best interests at heart and will never fail them.

He indicated categorically that the instructors will receive their computers by the end of June.

Speaking about the Ghana Smart School Project, Dr. Adutwum emphasised its significance as a component of the Free Senior High School (SHS) programme, which aims to improve the quality of teaching and learning in public second-cycle schools.

He stated that these tablets, packed with necessary textbooks and previous questions, will be great instructional aids, improving students’ access to information critical to their academic endeavours.

Continue Reading

General News

Create your own ‘dumsor’ timetable – Energy minister to critics

Published

on

By

However, speaking to media at the launching of the NPP campaign team in the Ashanti Region, Dr. Opoku Prempeh urged detractors to create their own timeline if required. He questioned the point of defining a timeline since ECG said that there is no such strategy in place. "Ask those who desire it to bring it, if any. I have not seen any timeline. The ECG claims there is no timeline coming; why do you wish to bring one, and for what purpose? Why would someone wake up and want wicked and awful things for the country? You can't inform the individual when it's unplanned."

Energy Minister Dr. Matthew Opoku Prempeh has challenged those lobbying for a load-shedding timeline from the Electricity Company of Ghana (ECG) to submit their own proposals.

His statements came amid the country’s current electricity issues, particularly in the Greater Accra Region, which affect both residents and companies.

Despite rising calls for a systematic load-shedding plan, ECG has maintained its opposition to creating one, citing the lack of a formal “dumsor” scenario and so judging a timetable unnecessary.

The opposition National Democratic Congress (NDC) and numerous important personalities have repeatedly urged ECG to give a timeframe. They also urged the ruling New Patriotic Party (NPP) to address the present power situation.

However, speaking to the media at the launching of the NPP campaign team in the Ashanti Region, Dr Opoku Prempeh urged detractors to create their own timeline if required.

He questioned the point of defining a timeline since ECG said that there is no such strategy in place.

“Ask those who desire it to bring it, if any. I have not seen any timeline. The ECG claims there is no timeline coming; why do you wish to bring one, and for what purpose? Why would someone wake up and want wicked and awful things for the country? You can’t inform the individual when it’s unplanned.”

Dr. Opoku Prempeh told the public that measures are underway to solve the difficulties facing the electricity industry.

Continue Reading

Trending

Optimized by Optimole