General News
Government settles all existing arrears owing to individual bondholders
The government has certified the payment of all outstanding arrears owing to Individual Bondholders’ Forum members.
According to a statement made by the Finance Ministry on Monday, all coupons and principles due through June 19 have been paid, and orders for payment of coupons through July 10, 2023, have been handed out.
Furthermore, the government reminded all bondholders of its commitment to ongoing and constructive interaction with the Coalition of Individual Bondholders Groups (CIBG) leadership and emphasised its commitment to executing the conditions of the Memorandum of Understanding (MOU).
Members of the CIBG, which includes the Ghana Individual Bondholders Forum and the Individual Bondholders Association of Ghana, have previously threatened to picket outside the Finance Ministry in order to demand payment of unpaid principal and coupons.
They were disappointed by the government’s inability to follow through on the payment scheme specified in the MOU.
However, in compliance with the conditions of the MOU, the government has paid all arrears on coupons for bonds expiring by May 31, 2023, as well as payments due on June 1, 2023.
“The Ministry of Finance takes this opportunity to thank all bondholders for their continuous support during this period of tight liquidity. Government is confident that in working with all stakeholders, we shall restore macroeconomic stability, achieve inclusive economic growth, and transform the Republic”, the statement added.
General News
The traumatic experience of a Ghanaian bisexual
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.
General News
Power interruptions damage our enterprises; release dumsor schedule – GUTA
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.
General News
The Foreign Affairs Ministry cautions against travelling to Northern Mali
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.
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