Author Archives: larryehu

Uefa president keen to bring in salary cap and ‘everyone agrees’

Uefa president Aleksander Ceferin hopes a salary cap can be introduced in European football, and says all clubs agree on the topic. Ceferin said he had spoken to the European Commission about the issue and talks had taken place about bringing in such a measure. “Surprisingly, everyone agrees,” he told US media outlet Men In Blazers “Big clubs, small clubs, ...

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IMF Director says Ghana has taken enough pain to unlock aid

Ghana has taken the tough economic decisions needed to win a rescue package from the International Monetary Fund, once bilateral creditors sign off on assurances, said the institution’s Africa Department Director Abebe Selassie. The government has increased taxes and imposed losses on domestic investors, as authorities attempt to meet IMF demands for the $3 billion loan. Still, informal talks with ...

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82 Ghanaians evacuated from Khartoum, Sudan so far

The Ministry of Foreign Affairs and Regional Integration says 82 Ghanaian nationals have been evacuated from the Sudanese capital, Khartoum, so far. Seventy-seven were evacuated to safety in Gedaref, Sudan, to be transported to Ethiopia on Wednesday, April 26 while five, comprising three footballers and two working for an Australian mining company, are being evacuated through the Egyptian border post ...

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Not up for competition – Piesie Esther on her VGMA nominations

Gospel artiste Piesie Esther, has stated that she has no rivalry with any gospel artiste up for the Vodafone Ghana Music Awards’ (VGMA) Best Gospel Artiste Category. Piesie Esther, who is competing against Joe Mettle, Perez Muzik, Diana Hamilton, Celestine Donkor, and MOG Music for the “Best Gospel Artiste,” says she does not view the award as a chance to ...

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22% of wage bill in wrong pockets – FWSC

The Fair Wages and Salaries Commission (FWSC) has disclosed that preliminary monitoring report on 58 institutions has estimated that about 22 per cent of their wage bill is unearned salaries. This development emerged from an ongoing nationwide payroll monitoring exercise to expunge existing anomalies and fraud in the public sector payroll. The exercise is to save the country an estimated ...

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Fitch downgrades Ghana’s LTLC IDR to ‘RD’

Fitch Ratings has downgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘RD’ from ‘CCC’. Fitch has also downgraded to ‘CC’ from ‘CCC’ and subsequently withdrawn the issue ratings on five local-currency bonds issued prior to the domestic debt exchange. Fitch has affirmed the issue rating of local-currency bonds issued on the completion date of the domestic debt exchange ...

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Akufo-Addo has collapsed the cocoa sector – Mahama

Flagbearer aspirant of the National Democratic Congress (NDC) John Dramani Mahama has said the country’s cocoa sector is on the verge of collapse because of the mismanagement of the sector by government. Addressing party supporters and branch executives at the beginning of a two-day campaign tour of the Western North Region, Mr. Mahama said government’s failure to adjust the producer ...

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What the 3 new taxes mean for businesses and consumers: Don’t panic, take these strategic actions

As Ghana’s economy continues to face significant challenges, the government recently introduced three new taxes – the Excise duty amendment bill 2022, growth and sustainability levy bill, and income tax amendment bill 2022 – to raise revenue and meet the criteria for a $3 billion IMF programme staff-level agreement. However, these new taxes come at a time when the Ghanaian ...

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Defend justice in an impartial, professional manner if given nod – Betty Mould-Iddrisu to CJ nominee

Former Attorney General and Minister of Justice, Mrs Betty Mould-Iddrisu, has advised the new Chief Justice nominee, Justice Gertrude Araba Esabaa Torkornoo, to defend justice in an impartial and professional manner if she gets the parliamentary approval to become Ghana’s next Chief Justice. President Nana Addo Dankwa Akufo-Addo nominated Justice Araba Esabaa Torkornoo, as Ghana’s next Chief Justice to replace ...

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MTN Zone Bundle to return soon with revised charges – NCA Boss

The Chief Executive Officer of the National Communications Authority (NCA) Joe Anokye has announced that the MTN Zone bundle will soon be back. This was after telecom operator MTN submitted a revised data zone bundle which meets the regulatory requirement, Mr Anokye said. MTN announced the suspension of the Zone Bundle on Wednesday, April 05, 2023. A statement issued said ...

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