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Ghana’s Debt Stock Increased By GHc93 Bn This Year – Ofori-Atta

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Ghana’s debt stock has increased by GHc93 billion this year alone due to the depreciation of the cedi since the beginning of 2022, the Finance minister told parliament Thursday.

According to him, the depreciation of the cedi does not affect individuals and households alone, as the Ministry is also challenged by the ability to effectively manage Ghana’s debt as a result of the fast depreciation of the Cedi.

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He added: “Even as the State struggles to raise sufficient revenues, high inflation rates continue to eat away the already meagre wages of the average Ghanaian.”

Meanwhile, he said the lesson from the relapse in macro-economic stability makes government even more determined to permanently restructure and transform Ghana’s economy and build resilience.

The Finance Minister presented the 2023 Budget Statement and Economic Policy of the Government to Parliament aimed at restoring and stabilising the macroeconomy.

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“The 2023 Budget will focus on government’s strategies to restore and stabilise the macroeconomy, build resilience, and promote inclusive growth and value creation,” the statement from the Finance Ministry said.

SOURCE TheGhanaianVoice



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Belgium Eliminated In Group Stage As Croatia 2018 World Cup Runners-Up Advance

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Romelu Lukaku missed a couple of big chances as Belgium failed to get the win they needed against Croatia, who advance with Morocco.

World Cup

Belgium were eliminated from the World Cup in the group stage after drawing 0-0 with Croatia at Ahmad bin Ali Stadium on Thursday.

Morocco’s 2-1 victory over Canada elsewhere in Group F meant Belgium had to win to advance to the last 16, while Croatia needed to avoid defeat.

A low-quality first half, in which the only talking point was an overturned Croatia penalty, made way for a far more gripping second period.

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Romelu Lukaku was brought on at half-time and squandered a few big chances, though ultimately the match finished goalless as Belgium suffered a shock early exit. 

Belgium were given an early reprieve when a penalty awarded for Yannick Carrasco’s challenge on Andrej Kramaric was overturned for offside against Dejan Lovren in the build-up as Luka Modric was lining up to take it.

The arrival of Lukaku coincided with the game finally coming to life, the Inter striker forcing Dominik Livakovic into the first save of the contest a little over three minutes after coming on.

That in turn sparked Croatia into life and Thibaut Courtois – on his 100th cap – made three saves in the space of four minutes to deny midfield trio Mateo Kovacic, Marcelo Brozovic and Luka Modric.

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Lukaku then hit the post with plenty of the net to aim for after Carrasco’s blocked shot fell nicely in his path, before heading over from close range with the goal again gaping – though VAR may have intervened even if he had scored.

The biggest miss was still to come as Lukaku failed to help the ball over the line from a couple of yards when Thorgan Hazard’s cross was missed by Lovren, meaning elimination for Belgium and a second-place finish behind Morocco for Croatia.

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Individuals Without Ghana Card Exempted From Ongoing SIM Deactivation – NCA

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Individuals Without Ghana Card Exempted From Ongoing SIM Deactivation – NCA

The National Communications Authority (NCA) has said individuals yet to obtain their Ghana Card will not be affected by the ongoing SIM deactivation.

The Ghana Chamber of Telecommunication Wednesday announced that subscribers who have failed to complete the biometric stage of registration will have some services disconnected.

The services to be blocked are; voice, data (Mobile, phones, mifis, other data providing devices), SMS (incoming and outgoing) USSD, mobile money services and emergency services.

However, the Director for Consumer & Corporate Affairs at the NCA, Nana Defie Badu noted that people who are yet to receive their Ghana Card will be exempted.

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“For those who did not have their Ghana cards and have not been able to register, those people will be exempt from any punitive measures pending the NIA giving them their Ghana card,” she disclosed on the Joy News’ AM Show on Thursday.

She explained further that her outfit was opened to help address the concerns of the general public and their inability to register their SIM cards.

“We acknowledge that there are some people who actually did the stage where they actually linked the sim to the Ghana card but unfortunately, after doing that their Ghana card were either lost, damaged or through no fault of theirs, they could not proceed to do stage two.

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“So, for these people, we have actually asked that they should engage the NCA by calling our toll-free number. After we do an investigation and verify the issue, these people will also be put on the exclusion list pending them getting their Ghana cards reissued to them,” she told the host.

Meanwhile, AirtelTigo has announced that all SIM cards that are not fully registered on its network as of November 30 2022, will be blocked from accessing all services.

In effect, all partially registered SIM cards i.e, customers who have successfully linked their SIM cards to their Ghana Card but have not done biometric capture will be blocked from making and receiving calls, accessing the internet & mobile money services, sending & receiving SMS, amongst others.

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Source: www.GhanaCNN.com

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We’II Not Reduce Transport Fares Despite The Reduction In Fuel Prices – Drivers

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The True Drivers Union has asked Ghanaians who have asked commercial drivers to reduce transportation fares as a result of lower fuel prices to stop.

The Union has stated that it will not lower transportation fares.

The True Drivers Union’s Public Relations Officer, Yaw Barimah, stated that there is no justification for such a reduction.

He told Nyankonton Mu Nsem on Rainbow Radio 87.5Fm that drivers have not even considered such a suggestion from Ghanaians.

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He stated that the current transportation fares would remain unchanged.

“We are aware that the cost of fuel has decreased. We would desire to reduce transportation fares, but we are not prepared to do so. We will not even lower fares by one pesewa. There has been no change. As a result, we are unwilling to lower transportation fares.”

“If a thief steals from you and you chase him down and he gives you back some of what he stole from you, do you celebrate and clap for him?” he asked.

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He claimed that the cost of fuel had risen above normal levels in the past, as had the cost of spare parts, so why should we reduce transportation fares?



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