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Jinapor yells that Gold4Oil was a sham

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The decision by the BoG comes as the Ghanaian economy begins to improve. The cedi has risen in value versus the US dollar, and inflation has begun to fall. Meanwhile, the Bulk Oil Storage and Transportation Company Limited (BOST) has denied importing manganese-laden gasoline under the Gold-for-Oil scheme. According to recent studies, the trafficking of manganese-laden petrol into the market is to blame for vehicle underperformance. BOST, on the other hand, has firmly disputed these allegations. BOST declared on Monday, November 27, that it has not imported any product under the Gold-for-Oil policy that does not fulfil the requirements specified by the National Petroleum Authority (NPA) and the Ghana Standards Authority (GSA).

John Abdulai Jinapor, Member of Parliament for Yapei-Kusawgu, has called the government’s Gold-for-Oil scheme a sham.

His remarks follow the Bank of Ghana (BoG) declaration that it will gradually phase off the Gold-for-Oil programme, launched in February 2023 to stabilise gasoline prices.

In a post on X, the MP chastised the Vice President, Dr Mahamudu Bawumia, for upholding the policy despite warnings.

“When we cautioned them, Dr Bawumiah’s response was, “Gold-for-oil’ is an initiative the textbooks won’t teach you”. G4oil was nothing but a scam! BOG now seeking to end it,” he posted on X.

The Central Bank feels that the programme has served its purpose and is no longer required.

“The Gold for Oil policy was a crisis management policy. We came in at the time in 2022 when the currency was depreciating very sharply and then prices at the pump became unbearable.”

The decision by the BoG comes as the Ghanaian economy begins to improve. The cedi has risen in value versus the US dollar, and inflation has begun to fall.

Meanwhile, the Bulk Oil Storage and Transportation Company Limited (BOST) has denied importing manganese-laden gasoline under the Gold-for-Oil scheme.

According to recent studies, the trafficking of manganese-laden petrol into the market is to blame for vehicle underperformance.

BOST, on the other hand, has firmly disputed these allegations. BOST declared on Monday, November 27, that it has not imported any product under the Gold-for-Oil policy that does not fulfil the requirements specified by the National Petroleum Authority (NPA) and the Ghana Standards Authority (GSA).

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NAGRAT advocates for reconsideration of the Free SHS policy

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According to a research by Africa Education Watch, the average government spending on Senior High School (SHS) pupils between 2017/18 and 2021/22 academic years. The survey found that the government paid GH¢1,241 per student under the Free SHS regime, whereas parents spent GH¢4,185 annually throughout the same period. This underlined the government's policy issues, as its budget credibility rating steadily fell over the 2019/20 and 2021/22 academic years. Based on this backdrop, NAGRAT is certain that a review will alleviate the burden on parents.

The National Association of Graduate Teachers (NAGRAT) has urged for a reconsideration of the policy so that parents who can afford it can pay their children’s tuition and other expenditures.

The Association feels that this will reduce part of the government’s burden.

According to research by Africa Education Watch, the average government spending on Senior High School (SHS) pupils between 2017/18 and 2021/22 academic years.

The survey found that the government paid GH¢1,241 per student under the Free SHS regime, whereas parents spent GH¢4,185 annually throughout the same period.

This underlined the government’s policy issues, as its budget credibility rating steadily fell over the 2019/20 and 2021/22 academic years.
Based on this backdrop, NAGRAT is certain that a review will alleviate the burden on parents.

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Chiefs stage demonstration against mining near Kwanyarko Water Works

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Local leaders led the community members in their intense opposition to the proposed mining project, citing probable environmental damage and the threat to their principal supply of water as grounds. Agona Kwanyarko is strongly reliant on the waterworks for clean and safe drinking water, and any disruption to its operation might have serious effects for the population.

Chiefs and villagers of Agona Kwanyarko, in the Central Region’s Agona East District, have taken to the streets to protest President Nana Addo Dankwa Akufo-Addo and the Minerals Commission.

The rally is in response to the government’s stated plans to start mining near the Agona Kwanyarko water facilities.

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Local leaders led the community members in their intense opposition to the proposed mining project, citing probable environmental damage and the threat to their principal supply of water as grounds.

Agona Kwanyarko is strongly reliant on the waterworks for clean and safe drinking water, and any disruption to its operation might have serious effects on the population.

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During the demonstration, protestors held banners and chanted slogans protesting the government’s decision to allow mining near the waterworks.

They emphasised the importance of preserving their natural resources and demanded urgent action to prohibit any mining activity that threatened their access to pure water.

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NCA closes down four radio stations in Bawku

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The violence has resulted in the loss of life and property in Bawku and the neighbouring districts. Invoking its powers under Section 13(1)(e) of the Electronic Communications Act of 2008 (Act 775), the NCA justified the closure as necessary for national security and the public good. This clause gives the Authority the authority to suspend or revoke licences or frequency authorizations if it deems it necessary for national security or the public interest. In a statement, the NCA reiterated its commitment to working with key stakeholders and asked all parties concerned to carefully follow the rules and laws that govern the communications business.

The National Communications Authority (NCA) has shut down four FM radio stations in Bawku, Upper East Region.

The targeted stations, Bawku FM, Source FM, Zahra FM, and Gumah FM, were shuttered after Upper East Regional Security Council recommendations and Ministry of National Security instructions.

Concerns over the Radio Stations’ activities, as well as provocative statements made by its panellists and presenters, have reportedly contributed to the escalation of the Bawku violence.

The violence has resulted in the loss of life and property in Bawku and the neighbouring districts.

Invoking its powers under Section 13(1)(e) of the Electronic Communications Act of 2008 (Act 775), the NCA justified the closure as necessary for national security and the public good.

This clause gives the Authority the authority to suspend or revoke licences or frequency authorizations if it deems it necessary for national security or the public interest.

In a statement, the NCA reiterated its commitment to working with key stakeholders and asked all parties concerned to carefully follow the rules and laws that govern the communications business.

Click here to read the full statement

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