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My Brother Said I Shouldn’t Attend His Wedding Because I’m Too Fat – Lady Cries

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My Brother Said I Shouldn’t Attend His Wedding Because I’m Too Fat – Lady Cries

A funny report gathered by GhanaCNN.com indicates that a lady has decided not to attend his brother’s wedding after the bride-to-be told her she won’t be her maid of honour because she is too fat.

The lady who uses the Twitter handle @Zioraife also accused family members of bullying her over her weight.

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“My blood brother has officially confirmed I won’t be her maid of honour cos I’m just too fat for a maid of honour role. Have to lose some weight before December or no maid of honour duties for me. I can’t be attending the wedding” she tweeted on Sunday, June 12.

“My family will swear I’m wicked and no nonsense cos I reward meanness with the same level of vim. Begging me to attend for what? So I’d damage the aesthetics ? Nah, I’ll stay home, press my phone all day, happy married life Couz!”

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Source: www.GhanaCNN.com

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GHS 800 Per Bag Is Way Too Small : Minority Rejects 21% Increase in Producer Price Of Cocoa For 2022/2023 Season

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Ranking Member on the Finance Committee, Dr. Cassiel Ato Forson says the 21 percent increase in the producer price for cocoa which has been pegged at GH¢800 per bag is too small.

“That is way too small,” Mr. Forson said in an interview Radio Ghana’s Behind the News Program.

Before this increase, Ghana had last increased its farm gate price in 2020; from GH¢515 to GH¢660.

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The Minority had earlier called for the farm gate price to be increased to GH¢1000 per bag.

Dr. Forson noted that the Cote d’Ivoire  increase was up to the equivalent of over GH¢850 per bag.

“We know in times like this, persons who should benefit most is the one whose currency has depreciated the most. Ghana’s currency has depreciated more than that of the Ivory Coast.”

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Despite the Minorty’s criticism, the recent increase was in line with recommendations from some observers in the industry.

The Ghana Civil-Society Cocoa Platform, for example, had proposed a 15 percent to 20 percent increment in the farm gate price of cocoa.

The increase in prices follows COCOBOD securing a syndicated loan of $1.13 billion for the 2022/2023 crop season.

SOURCE theghanaianvoice



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Today’s Newspaper Headlines: Thursday, October 6, 2022

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Today’s Newspaper Headlines: Thursday, October 6, 2022

Daily Graphic Newspaper

Today's front pages: Thursday, October 6, 2022

The New Crusading Guide

Today's front pages: Thursday, October 6, 2022

The Chronicle

Today's front pages: Thursday, October 6, 2022

Ghanaian Times

Today's front pages: Thursday, October 6, 2022

Source: www.GhanaCNN.com

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I Am Not Surprised At World Bank’s Projection Of Ghana’s Debt To GDP Hitting 104% By End Of 2022 – Ato Forson

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The Ranking Member on Parliament’s Finance Committee, Dr. Cassiel Ato Forson, says he is not surprised by the World Bank’s report stating that Ghana’s debt to Gross Domestic Product (GDP) would hit 104.6% by the end of 2022.

According to him, the Minority has been blowing the alarm on Ghana’s debt risk for some time now; however, all attempts to get the government to act have fallen on deaf ears.

He stated that much of Ghana’s debt to GDP had not been properly accounted for thus creating a false sense of security for those in power despite the Minority’s agitations.

He believes that the Minority’s vindication by the World Bank, hopefully, would get the government to up their game in finding a lasting solution to the fiscal issues burdening the country.

“Ghana’s debt to GDP is not properly accounted for, in the sense that we have identified what we call hidden debt. A typical example is when you use ESLA revenues for the purposes of collateral and to use it to take a loan.

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“And we believe that per the nomenclature of the ESLA receivables itself its corresponding debt should be part of the public debt. The government had consistently decided to ignore us. We believe that the ESLA debt is public debt and should be captured as such.

“Same as the sinohydro, when the government for some reason decided to classify it as barter trade, now I wonder that in this modern day we still have barter trade and we’ll use it to bypass the fiscal accounting mechanism? For some strange reason government insisted.

“In fact I had said that if you are to factor in ESLA bond, Daakye bond, obviously the sinohydro and that of road fund our public debt to GDP as at 2021 was 81%. And this is not secret, I’ve debated it on the floor of Parliament, I’ve written articles to support the position of the Minority, we wrote even to IMF to get them to do what is right when Ghana was in a programme and yet the government decided to ignore us. So I’m not surprised at this report.”

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The World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6% by the end of 2022.

According to its October 2022 Africa Pulse Report, debt is expected to jump significantly, from 76.6% a year earlier, amid a widened government deficit, massive weakening of the cedi, and rising debt service costs.

It is also forecasting debt to GDP of 99.7% and 101.8% of GDP in 2023 and 2024, respectively. The size of Ghana’s economy is estimated at about $72 billion, whilst it is expected to spend about 70% of revenue this year to service its debt.

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The report is coming at a time the Bank and the International Monetary Fund (IMF) are conducting a Debt Sustainability Analysis on the country. A country which is highly debt distressed is unable to fulfil its financial obligations and therefore debt restructuring is required.

The World Bank further stated that Ghana needs $1.5 billion in assistance from the IMF, which could help to shore up public finances and regain access to credit markets.

SOURCE theghanaianvoice



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