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GRA implements initiatives to decrease OMCs’ tax defaults.

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Rev. Ammishaddai Owusu-Amoah, Commissioner General of the Ghana Revenue Authority, says the agency has implemented steps to prevent tax defaults by Oil Marketing Companies (OMCs).

The 2022 Auditor General’s report revealed that 18 OMCs owed more than GH¢3 million in taxes.

Rev. Owusu-Amoah stated that while the Authority was in court to recover these taxes, some precautions had been implemented to prevent defaults.

“Some of the measures that we have put in place, Mr. Chairman, is that now previously we had all insurance companies being able to provide bonds for OMCs. Today we have done our appraisal of insurance companies, and today we have only eight insurance companies. We have also done appraisals of insurance companies, giving them limits. So we have looked at their balance sheets and determined how much they can provide, they can guarantee in terms of individual bonds, in terms of overall bonds. And then we have also asked the rest to go to banks for guarantees. We have also implemented a system where as soon as you fail, the system blocks you,” he added.

We will take action on the Yendi poll once we obtain the entire report – NPP.

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The New Patriotic Party (NPP) has stated that it would take action after it receives a detailed report from its regional representative, the Electoral Commission, and the Ghana Police Service over the electoral violence that transpired in Yendi during the party’s parliamentary primary over the weekend.

The counting procedure for the party’s parliamentary election on January 27, 2024, was hampered due to stolen ballot suspicions.

The election, between the incumbent Yendi MP, Farouk Aliu Mahama, and the Chief Executive Officer of the Microfinance and Small Loans station (MASLOC), Hajia Abibata Shanni Mahama Zakariah, became violent during the counting process at the Yendi polling station.

The General Secretary of the NPP, Justin Kodua Frimpong, spoke in an interview with Umaru Sanda Amadu on Eyewitness News on Citi FM and assured that the party’s national executive committee will meet to deliberate once they receive the reports from the three stakeholders mentioned above.

“As I speak to you, we are yet to receive a formal report from our representative who went to the region, the Electoral Commission, and the Ghana Police Service, and when we get all these reports, the national executive committee will meet to deliberate on them and take a decision on Yendi. For whatever transpired there, once we get the report, the party will take a decision on it.”

“Several things happened at Yendi so unless we have the full facts, it will be difficult to comment on any action,” Kodua Frimpong further told Umaru Sanda Amadu.

Some executives of the NPP, despite the violence and disruption, went ahead to declare the incumbent Yendi MP, Farouk Aliu Mahama, as the parliamentary candidate-elect, which the Electoral Commission disassociated itself from.

Ghana’s economy is not quite there, but on the right track – IMF

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Dr. Leandro Medina, the International Monetary Fund’s (IMF) resident representative in Ghana, has praised the country’s determined efforts to establish economic stability, stating that while Ghana has not arrived, it is unquestionably on the right track.

During an appearance on the Citi Breakfast Show on Tuesday, January 30, Dr. Medina informed presenter Bernard Avle that Ghanaian authorities are actively striving to revitalise the economy. He remarked that the indicators clearly indicate the government’s commitment and activities.

“Despite a very difficult external environment, macro has been quite resilient, when you look at growth, we had to upgrade our projections because growth in 2023 has been more resilient, Inflation has been on a decreasing path, reserves have been increasing, and exchange volatility has also decreased.”

“It is extremely important to know where we are and where we intend to be. By no means are we there, [but] when we see early signs of stability emerging, this means that for example, inflation is down from 54 to 23, 23 is still high for inflation and way above the BoG target but we are getting there, we are on the right track.

“The critical reforms have been made, critical actions by authorities have been taken and we are on the right path. Are we there? not yet, there are key objectives of this programme, that is to restore macroeconomic stability, secure sustainability, and lay the foundations for more durable and higher and more inclusive growth, we are not there yet but we are on the right path.”

Key among the positive indicators highlighted by Dr. Medina are the downward trend in inflation, and a significant upsurge in the reserves of the Bank of Ghana, signifying a commendable effort to fortify the nation’s financial standing.

Expanding on the economic measures taken, Dr. Medina noted that despite persistently high inflation, there is a discernible positive trend.

In December 2023, inflation decreased to 23.2 percent from a record high of 54 percent in December 2022, indicating a significant improvement in the economic landscape.

Dr Medina added that the collaboration between Ghanaian authorities and international financial institutions in navigating economic challenges and implementing prudent fiscal policies is yielding positive results.

He added that the positive assessment provides a glimpse of optimism for Ghana’s economic future, reinforcing the notion that ongoing efforts are steering the country towards a trajectory of sustained growth and stability.

Access Bank takes banking services closer to Afienya businesses

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Access Bank Ghana Plc has opened a new branch at the Bright International Industrial hub in Afienya to bring banking services closer to customers in the industrial hub and its environs.

The extension of the Bank’s operation to the new environment is to enhance customer experience and satisfaction for the over 100 medium to large scale companies and Chinese-related businesses in the hub.

At a short ceremony to outdoor the new branch, Ms Pearl Nkrumah, Executive Director Retail and Digital Banking, Access Bank Ghana, said the expansion would provide access to a fully-fledged banking services to all businesses in the industrial hub and beyond.

“This ambitious vision comes with a commitment to ensure that our cherished customers get the best value from us,” she said.

She also stated that the opening of the 54th branch of the Bank was in line with a strategic expansion drive “as we continue to pursue our vision of becoming the world’s most respected African Bank offering the best banking services”.

She noted that for the past 15 years of the Bank’s existence in Ghana, it had brought innovation to the banking and financial sector, and would continue to make customers enjoy convenient banking.

Mr James Bruce, Executive Director, Wholesale Banking, said: “Access Bank is well positioned to support Chinese and other international businesses not only in the country but across the Bank’s 20 international locations”.

“We are better placed to not just bank you but your network with our presence in 20 countries, including China, Hong Kong, UK, UAE, France, Lebanon and India via our dedicated German, French and Lebanese Desks,” Mr Bruce said.

He said the Bank would provide dedicated and need-oriented services to businesses in Afienya and its environs, saying, “… we promise to always give you a more than banking experience”.

Mr Yan Liquan, Vice President, Ghana Association of Chinese Societies, said the Bank’s presence at the industrial hub would facilitate smooth and quick financial transactions to businesses.

He pledged the commitment of Chinese businesses to a more fruitful business relationships with Ghana in the coming years, noting that they were increasing the establishment of processing plants to enhance the agricultural industry.

With a variety of flexible and innovative banking solutions, Access Bank continuously engages customers to understand their needs and helps to proffer solutions to them.

The Bank presently operates through over 700 branches and service outlets in 20 countries, including the UAE, UK, France, Hong Kong, China and representative offices in India and Lebanon.

 Don’t tag security personnel with party colours – Ghanaians urged

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Mr Alexander Ato Kwamina Afenyo-Markin, incumbent Member of Parliament of Effutu, has called on Ghanaians to be mindful of tagging security agencies, teachers, and public servants with party colours.

It was about time society desisted from continuously tagging personnel of security agencies and other institutions with party colours because they disagreed on certain issues, he said.

“If the institutions were not allowed to work and work well,  the country’s  democracy would be nothing to write home about,” he noted.

Mr Afenyo-Markin, the Deputy Majority Leader of Parliament and the Effutu Constituency NPP Parliamentary candidate, made the call at a delegate’s conference for his acclamation at Effutu Ateitu, a community in the Effutu Municipality, to contest the December 7 election.

He referred to recent attacks on the Inspector General of Police (IGP), Dr George Akuffo-Dampare, by some members of the party who disagreed with him on certain security matters, and had called for his removal, describing that as “not the best”.

 “Let us disagree with some of their policies and criticise them, rather than calling for their transfers and removal.”

He expressed concern over the politicisation of almost every national issue, which was destroying the country, and urged the public to be tolerant with each other’s views and work together even if they disagreed for the development of Ghana.

The MP stated that the public must not be deceived that parliamentarians were enemies as sometimes portrayed on television but rather they were friends who hardly fought each other.

“The NPP believes in diversity and it does not matter one’s religion or ethnicity to get equal opportunity, which is always based on merit and it has demonstrated this through the selection of its flagbearer.”

“We are going to work as a team with the flagbearer, day and night, to ensure we break the eight,” he added.

Nana Osei-Adjei is the New Juaben North NPP parliamentary candidate-elect

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Delegates of the New Patriotic Party (NPP) in New Juaben North have elected Nana Osei-Adjei as their parliamentary candidate to represent the constituency in the December general election.

Nana Osei-Adjei polled 253 out of the 488 total valid votes cast to beat Mr Seth K. Acheampong, the Eastern Regional Minister, and Messieurs Samuel K. Annor, Joseph O. Djaba, and Philip T. Yeboah.

Mr Acheampong polled 183 votes, Mr. Djaba, 47, Mr. Yeboah, three, and Mr. Annor, two votes.

Nana Osei-Adjei would replace Mr. Kwasi Boateng Adjei, the sitting Member of Parliament of New Juaben North, and contest against Mr. Samuel Adongo, the parliamentary candidate of the National Democratic Congress.

Ms. Dorcas Akoto-Donkor, the  Municipal Electoral Officer, said in an interview with the Ghana News Agency that 510 delegates were expected to cast their ballots.

However 490 delegates exercised their franchises, with 488 valid votes cast and two rejected ballots.

Meanwhile, the GNA noted that the NPP in some constituencies, including the New Juaben South and Akuapim South in the Eastern Region did not hold the primaries.

In New Juaben South, the incumbent MP, Mr. Michael O. Baafi, was nominated unopposed, while the primaries were postponed till further notice in Akuapim South.

The President’s promise to revamp TOR is rhetoric – Union

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The General Transport, Petroleum, and Chemical Workers Union (GTPCWU) of the Ghana Trades Union Congress (TUC) has described President Nana Addo Dankwa Akufo-Addo’s promise to revamp the Tema Oil Refinery (TOR) as mere rhetoric.

The President, on Friday, January 26, 2024, commissioned the newly built private Sentuo Oil Refinery located a few metres from TOR, where he assured Ghanaians of his government’s commitment to revamping the dying state oil refinery.

He said that they would stop at nothing to bring TOR on stream so that, together with Sentuo, more of Ghana’s oil would be refined in the country.

Mr Bernard Owusu, the National Chairman of the GTPCWU, reacting to the statement, told the Ghana News Agency in an interview that the promise was just another piece of rhetoric that would not yield any result.

Mr. Owusu questioned that if, for the past seven to eight years that the president had steered the affairs of the country, he had not stepped foot in TOR, which is a national asset, what would he do when his term was coming to an end?

“The President, for eight years, had not visited TOR, even though we have raised a lot of issues there.

“He has refused to even pass by and give encouragement to the workers, but he passed in front of the refinery to go and open a private refinery some few metres from it. What he said is just rhetoric, nothing serious,” he emphasised.

He questioned how Sentuo, a private investment, was listed under the One District, One Factory (1D1F) initiative when the government could have also used the same 1D1F initiative to revamp the operations of the ailing TOR.

On whether the opening of Sentuo would affect the viability of TOR, he said it would rather bring some competition into the sector, indicating that it was their hope that the government would address TOR’s issues to put it in a better position to compete since it has the capacity to produce. 

The Tema Oil Refinery, which commenced operations in September 1963 with a capacity of 45,000 barrels per stream day, is currently faced with numerous operational challenges. 

Sentuo Oil Refinery, which has the capacity to produce 100,000 barrels per day when fully completed, is currently in its first phase and is expected to produce 40,000 barrels of refined products per day.

Ghana and Togo reaffirm boundary lines

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Major General Emmanuel Kotia, Commissioner General of the Ghana Boundary Commission, has led the Commission to roll out an exercise to reaffirm the boundary lines that existed between Ghana and Togo.

He has therefore explained that the exercise was not to demarcate Ghana’s land boundaries with Togo but to reaffirm them.

The Ghana Boundary Commission and the National Land Boundary Commission of Togo are the two institutions leading the exercise aimed at overseeing the construction of International Boundary Pillars by contractors from the two countries.

The exercise is intended to verify and establish clear and legally binding boundaries for both countries, with the aim of resolving any disputes while ensuring compliance with international law.

Major General Kotia during the launch of a joint Ghana/Togo Land Boundary re-affirmation exercise in the Oti Region at Likpe Mate, noted that the Commission had done previous exercises along the Ghana/Togo Boundary and had completed the reaffirmation of the Volta region area.

He said the reasons for the re-affirmation exercise was because the Commission realised that some of the constructed pillars along the land boundary line were either old or removed due to natural causes hence, the reaffirmation would give details on them for the necessary actions.

Major General Kotia said the Commission also realised that the distance between some of the already existing pillars were as far as three kilometres, hence the exercise would bring in intermediary pillars to make it easy for people to identify the international boundary line.

He said once the reaffirmation was completed, the Commission in a joint action with Togo, would construct boundary pillars to replace main boundary pillars in existence, introduce intermediate boundary pillars as well as Border Post pillars to guide security agencies to identify boundaries at crossing points.

Major General Kotia said the exercise would require the support of all stakeholders such as the traditional authorities, media, community leaders, youth organisations, local authorities and community members to help with the sensitisation of the population.

The exercise along the Ghana/Togo Boundary, which began in 2022 is being done with funding from the German Government using GIZ/African Union Border Programme (AUBP) as its implementing Agency.

It is currently on its fourth phase, which will continue from Wli Afegame to Kpassa covering a total of 130 kilometres and at the end, the Commission would have covered a total of approximately 450 kilometres out of the 906-kilometre of land boundary line between Ghana and Togo.

Mr Kadanga Patchasi, Director, Administration of National Territory, Togo, said the sensitisation regarding the exercise would also be carried out in Togo adding that the exercise would not affect the peaceful co-existence enjoyed over the years.

He said the exercise was a transparent one, which required the support of all the people since the Technical Team that would be engaged could be freely approached for any form of support.

Mr Joshua G. Makubu, Oti Regional Minister, said as neighbours, Ghana and Togo had always maintained a strong bond based on mutual respect, shared cultural and social beliefs, and the common goal of ensuring peace and security.

He said the reaffirmation exercise was about ensuring that the solid foundation for mutual respect, collaboration, and peaceful coexistence between the communities remained intact.

Mr Kofi Adams, Member of Parliament (MP) for Buem Constituency, said the reaffirmation would help the beneficial communities to know the boundaries of their respective countries, which would in turn enhance the peaceful coexistence that existed.

He was hopeful that the reaffirmation exercise in the Oti region would also be successful due to the commitment of all involved in seeing the exercise’s fruitfulness.

Mr Kouevi-Koko Folly, Prefect of Danyi Province in Togo, said the reaffirmation exercise was aimed at fostering the continuous unity that was enjoyed by the two nations, adding that Togo had completed its reaffirmation of its borders with Benin successfully and now continuing with Ghana.

He said the Technical Team that would be engaged in the reaffirmation would be provided with the necessary identification to enable the community members to easily identify, relate and offer the necessary support when they begin work.

Madam Janet Emefa Obro-Adibo, Guan District Chief Executive (DCE), said Ghanaians were related to the people of Togo in diverse ways regardless of the landmarks or demarcations, adding that landmark boundaries were not recipe for hostile segregation.

Nana Dzahene Oforitey III, Chief of Likpe Mate, commended the Commissions from Ghana and Togo for the sensitisation and added that the traditional authorities were ready to support them in carrying out the exercise.

The Commission led the media and stakeholders to one of the boundary pillars at Wli, a border town with Togo which has a boundary pillar built in 1977.

Reverend Herbert Djaba, Director in charge of Survey and Delimitation, Ghana Boundary Commission, said there was an initial pillar constructed in 1929 but was eroded by a river.

He said the new pillar that would be built would have a dimension of two metres deep, 1.5×1.5 metres in length and 1.5 metres above ground which would be strong and visible to be seen everywhere adding that there would be similar intermediary pillars as well.

The Commission also presented educational materials including 400 pieces of exercise books, 24 mathematical sets, 180 erasers, 144 pencils and 400 pens to the Guan District.

Anewu has been chosen by God to become MP in Assin Central-Aspirant

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Mr. Godfred Nti Anewu, a parliamentary candidate aspirant the New Patriotic Party (NPP) in the Assin Central Constituency, has said God had called him to become the next MP in the constituency.

He told the media that he dreamt God telling him to arise and take the mantle from Mr Kennedy Adjapong, the incumbent MP who is not contesting the seat anymore.

He is therefore of the hope that God will help him to secure the position as he was first on the ballot sheet, indicating victory.

Touching on his vision for the constituency, he said he would invest in education by equipping school children with stationary, renovate old school buildings, and supply them with education materials while poor but brilliant students received support to further their education.

Mr. Anewu said teachers would be given the opportunity to check their health conditions periodically to ensure they gave their best.

The youth he said would be given employable skills to enable them to be productive in their various communities while Artisans supported with the needed materials and tools to work efficiently to boost the local economy.

Market women, and business owners, he said would be assisted with loans to invest and expand their businesses.

He called on the delegates to go out in their numbers on Saturday January 27, 2024, and vote for him to lead the “good people” of Assin Central Constituency to better the lots of the people.

I will complete all abandoned projects in Ashanti – Former President Mahama

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Former President John Dramani Mahama says the next NDC government will work to ensure that all development projects which have been abandoned in the Ashanti region are completed.

He said it was important to complete ongoing projects before embarking on any new projects to help save scarce resources of the country.

President Mahama made the pledge at a meeting with the chiefs and people of Adansi Fomena as part of his ‘Building Ghana Tour’ in the Ashanti region.

According to him, it was disheartening to realise that most projects started by NDC Government in the Ashanti Region in 2016 have been abandoned by NPP.

“This was unacceptable,” he said.

He mentioned the industrial hub at Adansi Fomena and the Obuasi Deeps Decline (ODD) projects which were initiated by the previous NDC administration between 2014 and 2016, and by the time NDC left office it was six percent done.

Today, he said, the benefits of the ODD initiated by the NDC was what the NPP was boasting off and trying to score cheap political points.

He also indicated that the Obuasi Campus of KNUST and Obuasi bus terminal were all direct initiatives of the NDC Government.

Mr Mahama promised the traditional council that all profits accrued from mining would be used judiciously for the development of the Adansi community when he was voted into power.

He assured the chiefs and the people of the area of his readiness for peaceful, fair and transparent elections in December.

Opagyakotwere Bonsra Afriyie II, paramount Chief of Adansi-Fomena, advised Mr Mahama to consider the review of the 1992 Constitution since some of the provisions were problematic.

At the New-Edubiase Chief’s palace, Mr Mahama outlined some achievements by the previous NDC government.

He mentioned the district hospital, Fumso schools, Obuasi schools, Stadium, Obuasi town roads amongst other projects, and promised to do more development when he was voted back to power.

Nana Oduro Panin Bikorang II, Chief of New-Edubiase on his part, advised Mr Mahama to take critical look at people who destroyed water bodies and forest vegetation through illegal mining activities.