Connect with us

General News

DDEP: Leave Our Pensioners Alone – Bagbin Tells Finance Minister

Published

on

7C6DB207 E303 4501 BC11 BDF32181070C jpeg

The Speaker of Parliament has asked the Finance Minister, Ken Ofori-Atta, not to touch monies belonging to pensioners. 

Alban Bagbin said the current economic crisis can be solved without the funds of the pensioner. 

Wrapping up on the business of the House on Thursday, February 16, the former Nadowli Kaleo MP said Parliament will resist any attempt to include funds of pensioners in the Domestic Debt Exchange Programme (DDEP). 

“…what I can tell you is that leave our pensioners alone. You can solve the problem without touching their small money.”

Already, the Finance Minister has confirmed that all pensioners who failed to tender their old bonds for new ones under the exercise have been exempted from the programme.

Addressing Parliament on the state of the Domestic Debt Exchange Programme, Mr Ofori-Atta said the pensioners have nothing to worry about.

Mr Ofori-Atta added that he has officially written to the pensioner bondholders who did not sign onto the Programme about their exemption from the exercise.

“Mr Speaker, Government remains committed to the well-being and dignity of our Senior Citizens and Pensioners. 

“Indeed, it has personally caused me great distress as a number of them have picketed at the premises of the Ministry of Finance since Monday, 6th February 2023

“As I have already indicated in my Press Release dated 14th February 2023, government will honour their coupon payments and maturing principals, like all Government bonds, in line with Government’s Fiscal commitments.”

Ghana is currently requesting a $3 billion bailout from the IMF to bolster the struggling national economy.

Before the Bretton Woods institution’s board would evaluate Ghana’s request, one of the requirements is the domestic debt restructuring scheme.

A staff-level agreement between Ghana and the IMF was achieved in December, opening the door for the $3 billion rescue.

Source: ghanafeed.com

Continue Reading

General News

Ghanaian socialite Ama Governor finally called to the Bar

Published

on

By

However, the Registrar's notification indicated that the presence of one's name is not conclusive and final proof of enrolment. Ama has been in a year-long struggle with the General Legal Council (GLC) since a concerned citizen submitted a complaint in November 2022. This complaint claimed that she had engaged in behaviour that was "unbecoming of a bar applicant."

Barring unforeseen circumstances, Ghanaian celebrity Elorm Ababio, often known as Ama Governor, will be among the attorneys inducted into the Ghana Bar Association this year.

Ama Governor’s name appeared on a list of entrants signed by Yaw Oppong, the Director of the Ghana Law School.

38371601

However, the Registrar’s notification indicated that the presence of one’s name is not conclusive and final proof of enrolment.

97393346

Ama has been in a year-long struggle with the General Legal Council (GLC) since a concerned citizen submitted a complaint in November 2022.


This complaint claimed that she had engaged in behaviour that was “unbecoming of a bar applicant.”

As a consequence of this complaint, the GLC halted the process of summoning Ama to the bar.

She fiercely denied the claims of impropriety, claiming she had been treated unfairly throughout the affair.

In a surprising turn of events, the Ghana Bar Association (GBA) representative’s report to the General Legal Council at the 2022/2023 bar conference held in Cape Coast revealed that Ama Governor has been given the opportunity to complete the application process for her bar call, which is scheduled for the October/November 2023 sessions.

Continue Reading

General News

Information Minister defends SSNIT’s investment in Rock City Hotel

Published

on

By

In the past, SSNIT effectively exited unprofitable ventures, allowing other shareholders to take control. According to the Information Minister, a Ghanaian entrepreneur with a successful track record in hospitality has indicated interest in acquiring SSNIT's stake in Rock City Hotel, which has over 800 rooms and employs many young people. The entrepreneur intends to build infrastructure, create more employment, and make substantial contributions to Ghana's economy, notably in the hotel industry, which is expected to rise to $5 million yearly. Despite satisfying regulations and going through a competitive procedure, others contend that the minister's involvement creates a conflict of interest.

Fatimatu Abubakar, Minister of Information, has shed light on Social Security and National Insurance Trust (SSNIT) investments during a familiarisation trip at Multimedia Group Limited.

SSNIT, which was formed to offer pensions to participants, invests contributions to create cash for beneficiaries.

However, SSNIT’s venture into hospitality businesses, including hotels and guest homes, has created criticism.

In the past, SSNIT effectively exited unprofitable ventures, allowing other shareholders to take control.

According to the Information Minister, a Ghanaian entrepreneur with a successful track record in hospitality has indicated interest in acquiring SSNIT’s stake in Rock City Hotel, which has over 800 rooms and employs many young people.

The entrepreneur intends to build infrastructure, create more employment, and make substantial contributions to Ghana’s economy, notably in the hotel industry, which is expected to rise to $5 million yearly.

Despite satisfying regulations and going through a competitive procedure, others contend that the minister’s involvement creates a conflict of interest.

However, the entrepreneur was not a cabinet member when the procedure began. Politics should not deprive a talented Ghanaian of the opportunity to contribute to their country’s prosperity.

She also stated that Ghanaians should encourage local investment and assist talented individuals who can drive economic progress and generate jobs.

This allows us to encourage tourism, hospitality, and economic growth, which will help our country in the long run. Let us create a culture that promotes local investment and celebrates Ghanaian success stories.

Continue Reading

General News

4-year-old manoeuvres father’s car and slams into an electric pole

Published

on

By

To satisfy his curiosity, the four-year-old manoeuvred the car, leading it to collide with an electrical pole. According to eyewitnesses, the vehicle collided with the pole head-on, mangled the whole front end of the automobile before coming to a stop. Concerned spectators raced to the scene to carefully remove the youngster from the automobile. Fortunately, the event did not result in any injuries to the youngster.

A four-year-old youngster barely avoided harm after driving his father’s automobile unaccompanied in Dunkwa-on-Offin in the Central area.

The event happened when the toddler was left alone in a black SUV with the plate number GS 8757-10.

The boy’s father allegedly parked on the shoulder of the road and walked out to attend to other business.

To satisfy his curiosity, the four-year-old manoeuvred the car, leading it to collide with an electrical pole.

According to eyewitnesses, the vehicle collided with the pole head-on, and mangled the whole front end of the automobile before coming to a stop.

Concerned spectators raced to the scene to carefully remove the youngster from the automobile.

Fortunately, the event did not result in any injuries to the youngster.

Continue Reading

Trending

Optimized by Optimole