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Cabinet begins retreat on economy, IMF talks today

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President Nana Addo Dankwa Akufo-Addo 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.

Speaking at a meeting with the leadership of the Trade Union Congress (TUC), President Akufo-Addo was hopeful the retreat will yield positive outcomes.

“Government is going on a three-day retreat to tackle this problem of the negotiation with the IMF and the making of the economic policies for the country for 2023 to present the budget for the nation to Parliament.”

The free fall of the cedi, high inflation, huge debt stock, unbearable cost of living, fuel price hikes among others have come to the fore with many calling on the President to act to salvage the situation.

“The Economic Management Team is also meeting to appraise itself on some of the recommendations as we get closer to the end of the year. On Thursday, Cabinet itself will be meeting to receive what has gone through the EMT and updates from the IMF negotiation so that some decisions will be made and then update the country on the next step forward”, Information Minister, Kojo Oppong Nkrumah had said.

Already, the Association of Ghana Industries (AGI) has pledged its resolve to help the government find solutions to the current economic challenges.

At a meeting at the Jubilee House, the President of the Association, Dr. Humphrey Kwesi Ayim-Darke, said “we pledge our support that together we shall resolve the intended difficulties as we so find them.”

 

 

Responding to the association, President Akufo-Addo expressed hope that the government’s pursuit of support from the International Monetary Fund will take shape.

“We are talking and hopefully concluding soon these important negotiations, which are going to have an important impact on the way forward for the Ghanaian economy in the months and immediate years ahead.”

As part of the stakeholder engagements, the President has been meeting the Ghana Private Road Transport Union (GPRTU) and transport operators over increases in transport fares.

The Governor of the Central Bank, Dr. Ernest Addison also met all CEOs of commercial banks and forex bureaus earlier on Tuesday to address the continuous depreciation of the Ghana cedi.

 

 

 

The post Cabinet begins retreat on economy, IMF talks today appeared first on Citinewsroom – Comprehensive News in Ghana.

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The traumatic experience of a Ghanaian bisexual

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According to him, these attacks have become more intense this year as a result of Ghana's parliament passing anti-LGBTQ+ legislation. Ibrahim was attacked just as arguments around the passing of the Human Sexual Rights and Family Values Bill heated up, and he was attacked again shortly after the bill was passed in February. The first incident happened on January 22nd, about 5 p.m., near the Sen Cinema Mosque in Alajo North, Accra. Ibrahim was the target of another violent attack four months later, on April 12, 2024, during the 3music Sallafest Concert at Alajo T Junction in Accra.

A Ghanaian man, using the alias Ibrahim for safety concerns, has boldly told his tragic story of being repeatedly assaulted in his community because of his sexual orientation.

Ibrahim, a Muslim, has described being targeted several times by assailants in his community over the years.

According to him, these attacks have become more intense this year as a result of Ghana’s parliament passing anti-LGBTQ+ legislation.

Ibrahim was attacked just as arguments around the passing of the Human Sexual Rights and Family Values Bill heated up, and he was attacked again shortly after the bill was passed in February.

The first incident happened on January 22nd, at about 5 p.m., near the Sen Cinema Mosque in Alajo North, Accra.

Ibrahim was the target of another violent attack four months later, on April 12, 2024, during the 3music Sallafest Concert at Alajo T Junction in Accra.

Ibrahim claims that the assaults were motivated by his sexual orientation, which had previously gone unnoticed in his society.

Ibrahim has resorted to secluding himself within for protection since he lives in constant fear of additional attacks.

He laments the absence of a support network in his village, with just a few understanding people living outside its borders.

However, the dread of repercussions keeps him from finding consolation or company outside of his close environs.

In an exclusive interview, Ibrahim described his terrible sense of loneliness and the psychological toll of the ongoing danger of violence.

He must navigate his everyday existence beneath the shadow of dread, unable to freely interact with the world around him for fear of serious bodily damage.

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Power interruptions damage our enterprises; release dumsor schedule – GUTA

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GUTA is asking answers from ECG about the true reasons of the unpredictable power outages, measures to resolve the issue, and a deadline for resolution. They also requested ECG to publish a timeframe for load-shedding so that companies may organise their activities appropriately. Because of the unpredictability of power outages, many shop owners have turned to generators, which has resulted in rising fuel costs to keep them operating during outages.

The Ghana Union of Traders’ Associations (GUTA) has joined demands for the Electricity Company of Ghana (ECG) to produce a load-shedding schedule, citing the persistent power outages that are badly impacting companies and livelihoods across the nation.

GUTA issued a statement emphasising the considerable impact of the power outages on many sectors, including agriculture, trade, and industry.

According to them, firms are struggling to meet production schedules and prepare for their personnel as a result of the irregular power supply, which raises production costs and degrades living conditions.

Traders, store owners, wholesalers, tailors, dressmakers, electricians, and other artists are also suffering business losses as a result of the “Dumsor phenomenon.”

GUTA is asking for answers from ECG about the true reasons of the unpredictable power outages, measures to resolve the issue, and a deadline for resolution.

They also requested ECG to publish a timeframe for load-shedding so that companies may organise their activities appropriately.

Because of the unpredictability of power outages, many shop owners have turned to generators, which has resulted in rising fuel costs to keep them operating during outages.

Click here to read the statement

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The Foreign Affairs Ministry cautions against travelling to Northern Mali

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"The Ministry remains committed to the safety of Ghanaians and will provide updates on the security situation in the region under reference in due course," the statement went on to say. The Foreign Affairs Ministry reminded the people to always prioritise their safety when travelling.

The Ministry of Foreign Affairs and Regional Integration has advised Ghanaians not to travel to certain areas of Northern Mali.

In an official statement, the Ministry underlined recent security concerns along critical routes connecting Mali and Niger, notably in the Gao and Ansongo regions of Northern Mali.

The Ministry mentioned incidents of terrorist activity targeting travellers along these routes.

“The Ministry remains committed to the safety of Ghanaians and will provide updates on the security situation in the region under reference in due course,” the statement went on to say.

The Foreign Affairs Ministry reminded the people to always prioritise their safety when travelling.

Find the statement below:

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