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Rainbow Radio - Items filtered by date: Sunday, 26 November 2017
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has stated that contrary to the assertions being made by his political opponents about the sustainability of the Free Senior High School policy, the policy is here to stay and will be sustained.   According to President Akufo-Addo, “the politically motivated propagandists and naysayers, who, in the last few years, said that Free SHS was not possible, and could happen only after 20 years, are now singing a new tune. They now claim Free SHS is not sustainable, and will crash in 5 years.”   The President continued, “Let me burst their bubble again. Free SHS is here to stay, because leadership is about choices, and I have no doubt that the overwhelming majority of Ghanaians support the choice that I have made. They recognise the importance of the investment we are making in the youth and in the future of our country. The investment will be sustained.”   President Akufo-Addo noted with dismay that “I continue to be puzzled as to the vehemence with which so-called social democrats oppose or attempt to undermine measures designed to address poverty. Their demagoguery and opportunism will always be exposed.”   The President made this known on Sunday, 26th November, 2017, when he delivered a speech at the 68th Anniversary of the Prempeh College, in Kumasi.       Prior to the launch of the Free SHS policy launch, President Akufo-Addo noted that available data indicated that Ghanaian children were falling out of the educational system at every stage in alarming numbers.   He revealed that over the last four years, for example, an average of 100,000 BECE graduates, who were placed in the country’s public senior high schools each year, did not take up their place.   “This means that, in the next decade, at least one million of our young men and women, without any employable skills, would have had their education terminated at junior high school. It would have been too dangerous for Ghana’s stability, as we would have been building a future of hopelessness for our youth,” he said.   Such a situation, the President bemoaned, “was totally unacceptable and intolerable, and I was determined to end it.” We will deal with Free SHS challenges   Touching on the teething challenges confronting the Free SHS policy, as there would be with any new, bold initiative, President Akufo-Addo said he was inspired by the famous Chinese adage which says “a journey of a thousand miles begins with the first step”.   “We have taken that first step in Ghana, and we shall deal with the challenges. In dealing with them, tenders have already gone out, and, soon, contracts will be awarded for the provision of some 69,500 mono desks, and some 13,100 bunk beds,” he said.   The President continued, “Additionally, tender notices have been issued for the supply of furniture for dining halls, staff rooms of teachers, computer laboratories, and the provision of marker boards for classrooms.”   Free SHS, President Akufo-Addo stressed, will ensure that all of Ghana’s children will be educated to at least secondary level, and money, or the lack of it, will no longer mean a denial of education.   “Already, the policy has led to an increase of over 90,000 children, who have entered senior high school this academic year, who would otherwise have dropped out at this stage,” he said.   Further, under the Secondary Education Improvement Project, the President revealed that Government has secured a $40 million loan from the World Bank for the expansion and upgrading of facilities in 75 Senior High Schools across the country.   Construction works on the existing Community Day Schools are ongoing, he said, adding that “Government will also upgrade 42 Senior High Schools into model school status.” 
Published in General News
The President of the Republic, Nana Addo Dankwa Akufo-Addo, says his Government is determined to exploit, at long last, the strategic resources the country has in bauxite and iron ore deposits.   “To this end, an Integrated Bauxite and Aluminum Development Authority is to be established by law, in this meeting of Parliament, to spearhead the exploitation along the full value chain of our consumable bauxite resources,” he said.   According to the President, the exploitation of the country’s bauxite and iron ore deposits “will give a considerable fillip to our industrial development, as will also be the case for the exploitation of our iron ore deposits.”   President Akufo-Addo made this known on Saturday, 25th November, 2017, when he delivered a speech at the maiden edition of the Chamber Business Awards, of the Ghana National Chamber of Commerce, held at the Banquet Hall of the State House, in Accra.   Reiterating Government’s commitment to pursuing an aggressive Industrial Transformation Agenda with strong emphasis on private sector participation, the President stated that “it is absolutely vital that we transform the structure of our economy from being dependent on the production and export of raw materials to an industrialised, value-added one.”   Touching on the several elements to the Agenda of Industrial Transformation, the President stated that Government has put in place a Stimulus Package to revive financially distressed, but economically viable businesses, adding that over eighty companies have been selected for the Stimulus Package.   Under Government’s 1-District-1-Factory Initiative, he revealed that over 190 business proposals, and counting, have been selected under this programme, which is aimed at creating jobs and prosperity for the Ghanaian people.   “The 2018 Budget has allocated funding, as Government’s contribution either as equity or in-kind support, for the establishment of district enterprises. GCB Bank has pledged an amount of two billion Ghana cedis towards the One-District One-Factory project at the Industrial Forum, in May this year, organized by the Chamber,” he added. The President continued, “An additional amount of $340 million has been leveraged from local financial institutions for the programme. This is the kind of leadership and collaboration that is required collectively to build Ghana Beyond Aid, and I encourage business people to take advantage of these opportunities that have been created by Government.”   To members of the business community, President Akufo-Addo assured that his government is fully committed to transforming Ghana’s economy, and leading the country into the new digital age.   The President stated that it is for this reason that his administration has introduced the e-business registration system, paperless port clearance system, digital addressing system, mobile interoperability system, and the national identification system, to ease the cost of doing business in the country, and generate greater efficiency.   He also assured that “as we go online, there are legitimate concerns about cyberspace threats, and I wish to underline Government’s efforts and commitment to secure our cyberspace.”   Having established the National Cyber Security Secretariat to implement Ghana’s National Cyber Security Policy and Strategy, the President added that he has also signed the African Union treaty on Cyber Security and Personal Data Protection, stressing that “all these measures are being put in place to secure the country’s cyberspace, and protect personal and business data.”   President Akufo-Addo noted also that the success or otherwise of his administration will be judged largely on his government’s record of job creation.   “It is for this reason that my government supports initiatives that will unleash the energies of business people, and stimulate the entrepreneurial potential of the Ghanaian. My view is clear. It is the private sector that can create the needed job opportunities for the people of our country, and I am confident that the Ghanaian private sector will rise to the challenge,” he said.   The President continued, “My government, on its part, will continue to build an enabling environment to provide the private sector with the needed catalyst to operate profitably, grow and remain internationally competitive.”
Published in General News
President of the Ghana National Chamber of Commerce (GNCC), Nana Dr. Appiagyei Dankawoso I, has urged the private sector to give its unflinching support to the commitment of government to the industrial transformation of this country.   Speaking at the maiden edition of the GNCC Business Awards 2016, Dr. Dankawoso I said this will help the country achieve the shared vision of growth and prosperity. According to him, following from the GNCC industrial forum on the one-district-one-factory policy, the Chamber has identified the need to organize our industries along value chain towards industrial development.   The Chamber he said ‘’has commissioned a team of experts for the industrial value chain project to provide bottom-up data to address data to address data overlays hindering business growth, provide business strategic models to support Ghana’s agricultural industrialization drive as well as attract Foreign Direct Investments (FDIs) into the country.’’   ‘’The wealth of data through this project holds key to massive employment, production of high quality of goods, and efficiency in the system,’’ he added He therefore called on government and other stakeholders to support the initiative. GNCC he stressed will continue to build the capacity of its members on best business practices while engaging government and other stakeholders for a collective result. He urged government to provide incentives for businesses that abide by industry standards as well as statutory requirements.   He commended the award winners and indicated that, awards raise the awareness of the brand of businesses and their respective personalities through differentiation, visibility, validation, business referrals and reputation in addition to the goodwill of the event.   ‘’The Chamber with over 250 years of providing the business support has built a strong reputation and goodwill with state and non-state actors both local and international and it is this invaluable business endorsement we want to share with our winners,’’ he said.   He said ‘’although the awards has been long overdue, it has come at a defining moment of our nation building and will serve its purpose of linking businesses together both home and abroad through its result oriented activities.’’   Nana Dr. Appiagyei Dankawoso I said the Chamber welcome government’s proposed downward review of electricity tariffs since it will reduce the cost of doing business but underscored the need for it to be done without incurring additional cost. He called for efficient power sector as energy is key to successful businesses. Lending rates he stated was still high and has admonished government to engage the private sector and financial institutions to arrest the situation. The ceremony was under the theme: ''Enterprises in Transition: Recognizing Innovative Businesses in Ghana.''  
Published in General News
President Nana Addo Dankwa Akufo-Addo says he does not believe  that so far, there is an officially strong coalition that has emerged to push for the legalization of homosexuality in Ghana.   Speaking to Aljazeera on why Ghana has still not legalized homosexuality, he said our social cultural issues does not allow us to accept it and no strong coalition have emerged to push that agenda like elsewhere in the world.   President Akufo-Addo who was speaking to host  Jane Dutton said  “I think it is something that is bound to happen like elsewhere in the world.” When asked what is going to provoke it he said, like elsewhere in the world, the activities of groups may trigger that agenda for legalization of homosexuality. He said the activities of groups, politicians grew stronger in countries like the United Kingdom forced the change of the law on same-sex.   He was however quick to add that  “it is not so far a matter which is on the agenda”.
Published in General News
Former President John Dramni Mahama has said the voluntary donation announced by government in the bid to seek for support from Ghanaians towards the implementation of the free senior school won’t work.   Finance Minister Ken Ofori-Atta at the presentation of the 2018 budget statement announced that government was going to set up a fund to allow voluntary donors contribute for the implementation of the education policy which has been bedeviled with challenges.   But addressing NDC supporters during a Unity Walk held in Tarkwa in the Western region on Saturday, November 25, Mr. Mahama said the NPP failed to properly consult and extensively explore the means to fund the free SHS policy before implementation.   He said “This voluntary contribution ‘lalasulala’ will not be successful. We need a broader discussion on how to fund the Free SHS. Just the first year of implementation and we are seeing the challenges. By the time it gets to the second and third years then these problems are going to be multiplied by three”.   “Why is government in a hurry to introduce Free SHS while the constitution states that it should be introduced progressively? Progressively means implementation gradually and not all at once or by force. “However, somebody just came and he says within three years he will implement Free SHS and the outcome is what we are seeing now.’’   He urged government to call for a stakeholder’s forum to solicit for opinions in making the policy succeed. HE said “My advice to Nana is that, it is not too late to call a national stakeholders conference immediately and solicit for people’s opinion so that we can make Free SHS sustainable because it was not originated by one person but enshrined in the 1992 constitution.”
Published in General News
As part of efforts by government to boost the patronage of made in Ghana goods by Ghanaians, a made in Ghana street fair is scheduled to take place from  from the 16th to the 17th of December 2017 on the Oxford street in Osu in Accra.   This was announced by President Nana Addo Dankwa Akufo-Addo when he delivered an address at the maiden edition of the Ghana National Chamber of Commerce (GNCC) Business Awards 2016. According to the President, the theme for the fair will be “let’s grow Ghana, eat Ghana, and buy Ghana.” The president added the only way boost the economy is to have the population patronising local goods and services. The ceremony which was held at the Banquet Hall of the State House in Accra was under the theme: “Enterprises in Transition: Recognizing Innovative Businesses in Ghana”. According to President Akufo-Addo, “we have begun to work on the fundamentals of the economy, because we believe that an improved macro-economy is a fundamental requirement for stimulating the investments we need for the significant expansion and growth of the national economy, and the generation of wealth and jobs. “The interventions, initiated by Government, over the last 10 months, have ensured that the fiscal deficit, which stood at 9.5% at the end of 2016, has been reduced to 6.3% this year. Inflation, within the same period, has declined from 15.4% to 11.6%. Our economy has grown from 3.3% last year, the lowest in 22 years, to 7.9% this year,” the President said.   He continued, “Interest rates are declining, and we are now witnessing a more stable cedi, our national currency. The Monetary Policy Rate by the Bank of Ghana declined by 450 basis points from 25.5% in January to 21% in September. That has contributed to the downward trend of interest rates, with a sharp decline in the 91-day and 182-day Treasury Bill Rates.”   As a result, President Akufo-Addo stressed, “our macro-economy is growing stronger.”
Published in General News
Chief Executive Officer (CEO) of B. Balvd Limited, Issa Ouedraogo has been adjudged as the Business Man of the Year at the maiden edition of the Chamber Business Awards 2016. The awards which was initiated as part of efforts to foster ethical practices and promote businesses, by the Ghana National Chamber of Commerce (GNCC) saw Bella Ahu of Trafix Catering Services declared as Business Woman of the Year.   The GNCC initiated Business Awards to celebrate the very best and finest of Ghanaian businesses that have demonstrated excellence in leadership and innovation in contributing to the socio-economic development of Ghana.       The first section of the Awards had 16 categories with emphasis on excellence and quality in service and product delivery: the categories and winners alike are: Agriculture, B. Balvd Limited, Arts and Crafts, Akila Limited , Automobile & Dealership, Japan Motors Limited, Banks, Bank of Africa, Catering, Trafix Catering.       The rest are, Emerging Business of the Year, Royal Crown Packaging Limited , Fashion Design, Guest Accommodation, Accra City Hotel Limited, Logistics, Global Cargo and Commodities Limited, , Manufacturing, Mining / Oil & Gas, Petrosol, Passenger Transport, S.K. Boafo Travel and Tours, and  Insurance, Vanguard Assurance.       The second section of the Awards had three (3) categories and they are: Young Entrepreneur of the Year, Michael Bozumbil of Petrosol, Chamber Business Man of the Year, Issa Ouedraogo of B. Balvd Limited and Chamber Business Woman of the Year, Bella Ahu of Trafix.       The third section of the awards was a special award to the deserving Chamber Members/ Personalities and it was dubbed, Chamber’s Special Awards (Non-competitive).       Tobinco pharmaceuticals, Nyonkopa Cocoa Buying Company, Bedrock Ventures Limited, Yvonne Exclusive Designs, Bank of Africa, Despite Group of companies, Manufacturing, and Coca Cola Bottling Company limited were amongst the recipients of this category of awards.       The theme for the maiden awards was “Enterprises in Transition: Recognizing Innovative Businesses in Ghana”.       The Objectives of the Awards are; to acknowledge and celebrate key businesses and personalities who have contributed meaningfully to business practice in Ghana, to inspire and promote the entrepreneurial spirit in the Ghanaian by highlighting the success stories of outstanding award winners, to unearth the depth of existing talents in the country by recognizing excellence in Corporate Reputation Management (CRM), to promote high professional standards and to highlight the vital role of the Chamber in championing advocacy and networking.       In his address, President of GNCC, Nana Dr. Appiagyei Dankawoso I urged government to as a matter necessity organize a stakeholders’ forum between the Chamber, financial institutions and government to find workable ways to reduce interest rates in the country.       He added that if the current level of interest rate is not reviewed downward, it may have very serious effects on the businesses of the members of the Chamber.       The Guest of Honour, President Nana Addo Dankwa Akufo-Addo said “The interventions, initiated by Government, over the last 10 months, have ensured that the fiscal deficit, which stood at 9.5% at the end of 2016, has been reduced to 6.3% this year. Inflation, within the same period, has declined from 15.4% to 11.6%. Our economy has grown from 3.3% last year, the lowest in 22 years, to 7.9% this year.’’       Following the legislative backing of the activities of the Ghana National Chamber of Commerce and Industry, through Legislative Instrument, L.I. 611, of 11th December, 1968, President Akufo-Addo noted that the Chamber has shown strong leadership in promoting and protecting commercial and industrial interests in the country.       “Successive governments have worked with the Chamber to address private sector concerns for the overall growth of the Ghanaian economy. My government will not be an exception!” he said.       President Akufo-Addo noted that the Chamber has been a key participant, during his Presidency, in several business meetings undertaken during the visits of some foreign Heads of State to Ghana.    
Published in General News
The President of the Republic, Nana Addo Dankwa Akufo-Addo, says Ghana’s macro-economy has grown stronger over the last 10 months, the period of stay of his government in office, as key economic indicators have improved significantly, as opposed to what was inherited from the previous administration.   According to President Akufo-Addo, “we have begun to work on the fundamentals of the economy, because we believe that an improved macro-economy is a fundamental requirement for stimulating the investments we need for the significant expansion and growth of the national economy, and the generation of wealth and jobs.   It is for this reason, the President indicated, that his government has begun putting in place the measures that will improve the living conditions of the Ghanaian people. These measures, he said, have resulted in a stronger macro-economy.   “The interventions, initiated by Government, over the last 10 months, have ensured that the fiscal deficit, which stood at 9.5% at the end of 2016, has been reduced to 6.3% this year. Inflation, within the same period, has declined from 15.4% to 11.6%. Our economy has grown from 3.3% last year, the lowest in 22 years, to 7.9% this year,” the President said.   He continued, “Interest rates are declining, and we are now witnessing a more stable cedi, our national currency. The Monetary Policy Rate by the Bank of Ghana declined by 450 basis points from 25.5% in January to 21% in September. That has contributed to the downward trend of interest rates, with a sharp decline in the 91-day and 182-day Treasury Bill Rates.”   As a result, President Akufo-Addo stressed, “our macro-economy is growing stronger.”   President Akufo-Addo made this known on Saturday, 25th November, 2017, when he delivered a speech at the maiden edition of the Chamber Business Awards, of the Ghana National Chamber of Commerce, held at the Banquet Hall of the State House, in Accra.   The President noted that importance of Chambers of Commerce and Industry to socio-economic development across the world is well established.   GNCC to be commended   Following the legislative backing of the activities of the Ghana National Chamber of Commerce and Industry, through Legislative Instrument, L.I. 611, of 11th December, 1968, President Akufo-Addo noted that the Chamber has shown strong leadership in promoting and protecting commercial and industrial interests in the country.   “Successive governments have worked with the Chamber to address private sector concerns for the overall growth of the Ghanaian economy. My government will not be an exception!” he said.   President Akufo-Addo noted that the Chamber has been a key participant, during his Presidency, in several business meetings undertaken during the visits of some foreign Heads of State to Ghana.   “Together with the General Confederation of Moroccan Enterprises (CGEM), for example, a Ghana-Morocco Economic Meeting, which preceded the state visit of the King of Morocco, His Majesty King Mohamed VI, was held. This brought together over two hundred investors from both countries, resulting in the signing of over fifteen MoUs, in areas of mutual interest,” he said.   President Akufo-Addo noted, again, that during the visit of Her Excellency Marie-Louise Coleiro Preca, President of the Republic of Malta, another high-level business forum was organized on 26th July, 2017, by the Ghana National Chamber of Commerce and Industry, together with the Malta Chamber of Commerce Enterprise and Industry, to strengthen and deepen bilateral trade and investment relations between the two countries.   The President also commended the Chamber for the lead role it is playing in the West Africa Sealink project, which aims to enhance intra-ECOWAS trade.   “It is vital for the prosperity and progress of the peoples of West Africa that we increase the volumes of trade amongst countries in the Region. Strong regional transportation networks will facilitate the realisation of this objective,” he added.
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