Connect with us

General News

Continuous depreciation of cedi getting unbearable – Prof. Lord Mensah

Published

on

Lord Mensah 750x375 1 jpeg

Professor Lord Mensah, an economist, says the Finance Minister’s comments urging Ghanaians not to panic over the continuous depreciation of the cedi will not affect the economy.

According to Bloomberg, the Ghana cedi is the world’s worst-performing currency, having depreciated by nearly 52% this year.

Finance Minister Ken Ofori Atta has stated that increased imports during the Christmas season are to blame for the rush for the dollar and has assured that once a deal with the IMF is reached, the cedi’s slide will be halted.

However, in an interview, Professor Lord Mensah stated that until Ghana moves away from import dependency, there will be constant pressure on the cedi, resulting in astronomical depreciation, as is currently occurring.

“We have a cause to worry because we do not produce much in Ghana. So, once everything on the shelf is imported with the dollar, the Minister cannot say we cannot worry about the dollar. We need to get worried about the dollar because we know that getting to Christmas, the demand for the dollar is high, adding to the dollar’s depreciation, and the rate for this year alone is unbearable.”

Since the beginning of the year, the Ghana cedi has lost nearly half its value.

The cedi is currently worth more than GH13.00.

Ghana’s inflation rate for September 2022 is 37.2 per cent, while producer price inflation is 45.5 per cent for the same month.

Despite this, the government claims that Ghana’s economy is growing marginally despite recent ravaging shocks.

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

General News

Deputy CHRAJ Commissioner reported dead

Published

on

By

Mr Quayson was appointed Deputy Commissioner of the Commission in August 2005, overseeing the Commission's anti-corruption duty, as well as public education and research. He joined the Commission as a senior legal officer in 1993, having previously served as a legal officer at CHRAJ's predecessor organisation, the Office of the Ombudsman, from 1987 to 1993. He was the Western and Central Regions' regional director prior to his appointment as Deputy Commissioner. He also headed the National Working Group that established Ghana's National Anti-Corruption Action Plan (NACAP) and served on the Commission that oversees its implementation.

The Commission on Human Rights and Administrative Justice (CHRAJ) has confirmed the death of Richard Ackom Quayson, its Deputy Commissioner.

Mr Henry Ashley, the Director of Human Resources and Administration, signed a notification on behalf of the Commissioner on March 22, 2024, announcing the death.

The letter, which was sent to the GNA, read: “It is with a heavy heart that we inform members of staff of the death of our Deputy Commissioner (APR), Mr Richard Ackom Quayson, who passed away unexpectedly on the 21st of March 2024, after a short illness.”

Mr Quayson was appointed Deputy Commissioner of the Commission in August 2005, overseeing the Commission’s anti-corruption duty, as well as public education and research.

He joined the Commission as a senior legal officer in 1993, having previously served as a legal officer at CHRAJ’s predecessor organisation, the Office of the Ombudsman, from 1987 to 1993.

He was the Western and Central Regions’ regional director prior to his appointment as Deputy Commissioner.

He also headed the National Working Group that established Ghana’s National Anti-Corruption Action Plan (NACAP) and served on the Commission that oversees its implementation.

He was a lawyer by profession, specialising in human rights promotion and protection, administrative justice, and corruption prevention and investigation.

Continue Reading

Trending

Optimized by Optimole