General News
Government says debt exchange talks with pension funds continuing

The Finance Ministry on Wednesday said negotiations on the terms of a domestic debt exchange agreement with local pension funds were continuing and that they would be made public once an agreement on the details is reached.
Government, in a bid to mitigate an ongoing economic crisis, has negotiated a staff-level agreement for a $3 billion loan package from the International Monetary Fund (IMF).
The deal will only be approved by the IMF board if Ghana undergoes comprehensive debt restructuring, the fund has said.
In early December, the finance ministry launched a plan to exchange local bonds for longer-dated maturities. But after the deal met stiff opposition, the government said it would exempt pension funds from the restructuring programme.
Late on December 24, it extended the deadline for the exchange to January 16 from December 30, having previously extended it from December 19.
It also announced a change to the debt exchange, with eight additional instruments to be created.
“Were the participation to the domestic debt exchange too low, the perennity of the Government’s efforts to resolve the current crisis and the expected international financial support would be jeopardised,” the Finance Ministry said in a Q&A document.
It added this would put “further strains on the Government’s capacity to honour its commitments and repay its debt.”
Ghana’s public debt was ¢467.4 billion ($46.7 billion) in September 2022, of which 42% was domestic debt, according to the most recent central bank figures.
Government on Tuesday requested a restructuring of its bilateral debt through the Common Framework platform set up by the Group of 20 major economies, a source familiar with the situation told Reuters.
Source:myjoyonline.com
General News
Menzgold: NAM1 enters a not guilty plea to allegations of money laundering, fraud, and other offences

Nana Appiah Mensah, the former CEO of Menzgold, also known as NAM 1, has pleaded not guilty to all 39 charges of wrongdoing.
Nana Appiah Mensah, widely known as NAM 1, was charged with 39 counts of crimes, including money laundering abetment, deceiving by false pretences, carrying out deposit-taking without the required licence, unlawful deposit-taking, and money laundering.
This is a decrease from the 61 counts originally filed against him.
In 2019, the Attorney General launched an inquiry on NAM 1, accusing him of scamming hundreds of clients out of millions of Ghana cedis through his gold dealership enterprise.
The case was adjourned numerous times until new charges were brought on August 30, 2023.
Mr Appiah Mensah stated plans to unfreeze locked up cash of Menzgold clients in exchange for 650 for verification.
Following that, he altered his intention to force former clients to obtain a verification access card in order to authenticate transactions and confirm claims, despite substantial public and consumer outcry.
Source: myjoyonline.com
General News
Limited Voter Registration: Two people detained for attempting to register twice

Two people were detained in Asokore Mampong Municipality for allegedly attempting to double register in the current Limited Voters’ Registration Exercise.
According to Municipal EC official Angela Afriyie Osei, the two suspects were apprehended after being validated as people existing in the Electoral Commission’s database.
As a challenge to the procedure, Madam Angela Afriyie mentions duplicate registration and efforts to register minors.
“The challenge we have been facing is about the double registration. At times when applicants come and we interrogate them, they insist he or she hasn’t registered before but when they go to the biometric column then it will come out that the person has registered.
“At the moment, we’ve handed two to the police. On male and a female. Another issue is also with the registration of minors,” she indicated.
Meanwhile, some party operatives are pleased with the outcome thus far.
“So far, we are satisfied with the entire process except some few challenges but that aside, we are very much comfortable with the process. All in all, everything is great,” an agent told JoyNews.
General News
Black Sherif prophesy: Prophet Nigel Gaisie makes u-turn

Nigel Gaisie, the founder and head of the Prophetic Hill Chapel, has stunned Ghanaians by backtracking on his prophecy regarding artist Black Sherif.
Prophet Gaisie had a vision in which he witnessed the mother of musical sensation Black Sherif sobbing excessively in a post on his official Facebook page.
As a result, he pushed the musician to seek safety before December, implying his impending death.
However, in a recent interview, Prophet Gaisie clarified that the prophecy is for a particular Sherif Black and not the Konongo-based performer.
“We see in bits and pieces, and what I saw in the spiritual realm is Sherif Black, but any logical person can make projections and deductions from it.” If I hear a prophecy about Ako and my name is Akosua, I will definitely act on it,” he said in parables.
Regardless, the man of God exhorted those who were convinced of the prophecy to fast and pray in order to avoid death.
Prophet Gaisie, who dismissed charges that his doom prophecies concerning celebrities are only for fame, stated that he will quit making them public in order to prevent insults and derision.
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