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Rainbow Radio - Items filtered by date: Tuesday, 17 April 2018
Alex Ntiamoah’s Bukom based Box Office Boxing Promotions, is coming up with another mouth watering package scheduled for the Bukom Boxing Arena on Friday, April 27. At a Press Conference held on Tuesday at The Gym to introduce the boxers on the international bill with two World Boxing Organization (WBO) Africa titles at stake, Alex Ntiamoah said the event is another opportunity to Ghana’s quality boxers like George Ashie and Raymond Commey to re-launch their careers and propel them to the world ranks. He said Ghana has crack boxers and ‘The Tiger’s Roar’ is a day never to be missed as sensational George Ashie would be facing a tough South African opponent, Michael Mokoena for the WBO Africa Lightwight title, while Raymond Commey faces Isaac Sackey for the WBO Africa Jr. Featherweight title. Michael Ayitey Powers will clash with Enoch Quaye aka Gbese Bruno who last climbed the ring 11 years ago in a crucial weight contest. Other fighters on the bill are fine boxers like Prince Octopus Dzanie and Michael Obodai Sai. Mr. Samir Captan, WBO representative in Ghana, advised the boxers to do their best to ensure that they grab the chance to fight for world titles next year. Meanwhile, entertainer, musician and dancer, Papa Row has promised another wonderful show on the bill. Rates for the fight are 20ghc for popular stand, 50ghc for VIP and 100ghc for VVIP. Among the sponsor for the event are The Gym, Trust Emporium, Ghana @61 Secretariat, Paradise Pac, Jet Link, 29 Photo Studio, MTK, and Tune Africa. By: Naa Darkuah Dodoo
Published in Sports
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Kumasi Regional Police Commander Honoured

The Ashanti Regional Commander, Commissioner of Police (COP) Ken Yeboah, says he has surprised those who doubted his competence when he was transferred to the region as commander. The commander said some individuals held the view that he would be unable to fit into the shoes of COP Kofi Boakye who once managed the region. COP Ken Yeboah, said for the thirteen months in the region as police commander, the security situation has improved and his record has proven his critics wrong. He was addressing a gathering at an awards ceremony organized to recognize personalities who had distinguished themselves and contributed to developmental projects in their communities as well as individuals in government. He said, ‘’I have done marvelously well and the award is going to spur me on with all my officers to work hard so that when I even live here, which I am sure I will be living soon because of my rank... I am the only commander with the rank as COP.’’ Founding president of Micjoy Advertising Company Limited-organizers of the event, Mr. Michael Ampong, stressed the need to acknowledge the contribution of people than for us to wait till their die before honouring them.
Published in General News
Some staff with the Metro Mass Transit Limited (MMT) have petitioned the Special Prosecutor, Martin Amidu to investigate the managing director, Bennet Aboagye, over alleged corrupt deals. The aggrieved workers in their petition said the director and his personal assistant, Mr. Yiadom Kessie of openly requesting “for bribes or commission before awarding contracts to suppliers or signing cheques to pay suppliers for services they rendered.” The petitioners say they subsequently “planted a third ear at some strategic locations with the hope of having firsthand information about what the MD, his personal assistant and some key players in this scandal do, say and planned to do, and the revelations uncovered are mind-boggling.” “The third ear revealed among others, malpractices involving the intended purchase of 300 buses from China…the purchase of electrical products, sale of MMT scrap buses among others,” the workers added in the petition. They also accused him of bribery to the tune of GHc60,000 in order for them to keep mute over a recording which could implicate him. Meanwhile, the embattled director has refuted the claims noting that he is being blackmailed by his accusers. “All this while, Lawal was trying to portray that he was only playing an intermediary role and that he was innocent and rather intervening on our behalf. According to him, it was a group led by one Bawa which was behind this deal. It is important to note that, the said Bawa once called Mr. Kessie on phone, and threatened him to pay the money, else, he would regret the consequences of failure to comply,” Mr. Aboagye said in a memo.’’ He further explained that the accusers gave Lawal GHc20,000 in order for him to “bring the recording before final payment would be made” but the blackmailers refused. “Dr. Amoako Tuffour called me that the security coordinator was now prepared to give us the recordings and to take his balance. For that purpose we should meet in his office at East Legon at 9:00am.” “ Lawal only presented a pendrive to Mr. Yiadom Kessie.” “Initially, Dr. Amoako Tuffour rejected the pendrive and demanded to have the entire recording device. Lawal then promised that, having received the full amount in hand now, he would present it to his ‘people’ and return by 5:00pm with the full recording device. After offering the final balance of GHc20,000 to Lawal, Dr. Amoako Tuffour himself took pictures of the money being handed over to Mr. Lawal as evidence. Since then, he never showed up.” “Interestingly, Lawal who acted as an intermediary initially is now the petitioner in this case. It is very clear from the threatening letter and the note he wrote on the copy of the Criminal Check Report that Lawal was incensed by MD’s decision to report the matter to the police, and true to his word, he has come up with damaging fabrications to dent my image,” he added. The Special Prosecutor has promised to investigate the matter after receiving the petition.
Published in General News
The world indeed has become a global village where no nation can survive in isolation without the interdependence of other nations close to its boundaries or far away its shores. According to the UN population statistics in 2011, world population was projected to reach 7.6 billion in 2018. However, many population experts believe this figure could be underestimated. As the population grows, many goods and services in the form of material resources or human resources are needed to keep the world in survival. Geographically, countries are endowed with specific resources by nature and man creation. Land, Labour and Capital are the main factors considered in any production systems of developed and developing countries. These factors however, are very limited and therefore proper combination of these factors is needed for developing a powerful economy. Nations that are limited in some factors especially the mobile factors such as raw materials, industrial products and well trained labour, tend to focus on purchasing these factors from other nations to boost the economy in order to sustain survival of its people. This leads us to the concept of importation of goods and services and economy of scale. With the concept of economy of scales, nations produce best what their resources can produce and therefore may lead to specialization of production in some aspects of the world production. However, where these goods are exported to or imported from depends largely on bilateral relations of the country, distance, specialization and the strength of the economy normally measured by the Gross Domestic Product ( GDP) as explained in the gravity model of international trade. The above introduction is very clear that importation is not evil in concept but what is imported is the problem. From the Ministry of Fisheries report of 2017, Ghana consumes over 950,000 metric tons of fish annually, currently imports over 60 percent of its fish. Ghana in 2016 imported $135 million worth of fish because of the reduction in the country’s fish stock. Again, the Ghana Poultry Annual Report of 2017 estimated that broiler meat is expected to increase by 14,000 tons to 158,000 tons due to insufficient domestic supply and rising demand. U.S. poultry meat exports to Ghana hold over 35 percent market share. Competition from Brazil and the European Union has been increasing; however, U.S. poultry enjoys brand loyalty advantage over its competitors The Economic Observatory Complexity (OEC) report of 2016 revealed that, Ghana exported $10.5B and imported $11B, resulting in a negative trade balance of $508M. In 2016 the GDP of Ghana was $42.7B and its GDP per capita was $4.29k. The top import origins are China ($4.67B), the United States ($831M), the United Kingdom ($749M), India ($712M) and the Netherlands ($485M). In the just read 2018 budget of the Republic of Ghana, Imports in Ghana increased to 3240.90 USD Million in the third quarter of 2017 from 3027.47 USD Million in the second quarter of 2017. Imports in Ghana averaged 2676.06 USD Million from 2003 until 2017, reaching an all-time high of 4747.16 USD Million against 4118.30 USD Million export in 2017. Most of the basic goods imported to Ghana such as rice, tomatoes, cookies, cosmetic products, snails, chocolate, sugar, cooking oil, table eggs, meat and meat products, shoes, jute bags, soft drinks, toilet papers, tooth brush, paints, roofing and building materials, used clothes and other items that can potentially be produced in Ghana. These were done in the early days of our liberation from colonial rule and early post-independence, where we once had a tomato factory at Pwalugu, Jute factory in Kumasi, Sugar factory in Komenda, Fish processing and Roofing nail factory in Tema. If these goods were produced in pre and post early independence, what then stops Ghana from producing same when we are now an oil giant second to Nigeria in West Africa? Can we focus on industrializing Agricultural and adding value to our raw export? Yes, it is possible. The Government's policy of 1 District 1 Factory is a good initiative but should not just be a usual campaign gimmick. However, care must be taken because government has no business in doing business to setting up factories for industrialization. The discovery of oil was thought to have brought relief to poor Ghanaian just to realize that more than 80% revenue accrued on oil is to the benefit of the expatriate community involve in the mines. Yes! We lack the capacity in terms of Human and Material resources to exploit our own mines but what are we doing as a nation in the coming years? Can’t we train more experts in the oil and gas field to take over? It is possible and some Universities are already thinking and implementing this idea for a prosperous society. By: HARUNA GADO YAKUBU BSc Agric, MSc Animal Nutrition (Student) and Research Fellow, ILAPI
Published in General News
The Board Chair for the National Sports Authority (NSA), Mr. Kwadwo Baah Agyekum, has been suspended. A statement issued and signed by Director of Communications at the Presidency, Eugene Arhin said the suspension took effect April 12, 2018. The statement read: ‘’The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Thursday, 12th April, 2018, suspended from office, with immediate effect, the Chairperson of the Board of the National Sports Authority, Hon. Kwadwo Baah Agyeman.’’ According to the statement, ‘’This decision was communicated to the Board Chair by the Vice President of the Republic, Alhaji Dr. Mahamudu Bawumia, on Tuesday, 17th April, 2018, following the absence from the jurisdiction of the President, who is attending the 25th Commonwealth Heads of Government Meeting in London, United Kingdom. ‘’Just as in the cases of the suspension of the Deputy Minister for Youth and Sports, Pius Enam Hadzide; and the acting Director General of the National Sports Authority, Hon. Robert Sarfo Mensah, the decision to suspend Hon. Kwadwo Baah Agyeman has been taken following preliminary investigations conducted into the circumstances that led to the arrest of some sixty (60) Ghanaians, who had allegedly attempted to enter Australia by false pretences, at the 21st Commonwealth Games,’’ the statement added It concluded: ‘’The three officials, together with the President of the Ghana Olympic Committee, Mr. Ben Nunoo Mensah; and the Chef-de-Maison for the 2018 Commonwealth Games, Mr Mohammed Sahnoon, are to assist the Criminal Investigations Department of the Police Service in the ongoing investigations into the matter.’’
Published in Sports
Three former appointees under former President John Dramani Mahama are being investigated for stealing by the Criminal Investigations Department. The former appointees are Inusah Fuseini, former Lands and Natural Resources Minister and current MP for Tamale Central. The other two are the Member of Parliament for Ada, Comfort Doyoe Cudjoe-Ghansah, who served as a Minister of State in-Charge of Social and Allied Institutions and Eric Opoku, former Brong Ahafo Regional Minister. Speaking to the media after meeting the CID, Mrs Cudjoe-Ghansah, said she cannot be faulted for receiving double salary during her tenure as a Minister of State in-Charge of Social and Allied Institutions. The Tamale Central MP has also denied the allegations and attributed it to political criminality.
Published in General News
Mr. Graham Sabbah, the Project Coordinator for the One-House-One Toilet Project has revealed that the project, a collaboration between the Accra Metropolitan Assembly (AMA) and the World Bank, has constructed 4,500 out of the total 19,000 projected to be constructed by year 2020. In an exclusive interview with Nyankonton Mu Nsem on Rainbow Radio 87.5Fm, Mr. Sabbah said, they are looking forward to construct 6,600 toilets by June 2018. He explained, it is expected that 10 persons will use one toilet facility. So when you do the tabulation, you will realize that, we have removed over 45,000 people from open defecation. The cost of the facility is GHȻ4,000 and the AMA through the World Bank pays half the price (GHȻ2,000). Beneficiaries, who were initially requested to pay the remaining balance of GHȻ2000 per toilet, would now pay only GHȻ1100 to have the facility. The One Household-One Toilet Project, which aims to eradicate open defecation in the city, has been launched at Town Council Line in Accra. He encouraged landlords to embrace the project so they can have access to affordable toilet facilities which would in turn help eradicated open defecation. ‘’Government is paying for 70 per cent of the total cost. So I will encourage landlords to embrace the project before we run out of cash. If we exhaust the money allocated for this project, you would have to pay GHc4, 000 for the toilet. But through the efforts of government and the World Bank, you will pay GHc1, 100,’’ he appealed.
Published in General News
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has told investors and business leaders from the United Kingdom that Ghana is the ideal place in the West African Region, and on the Continent, to invest and conduct business. According to President Akufo-Addo, “Ghana is a haven of peace, security and stability, a country where the principles of democratic accountability are now firmly entrenched in its body politic, and where the separation of powers is real, to promote accountable governance.” Delivering the keynote address at the 2nd edition of the UK-Ghana Investment Summit, organized by the UK-Ghana Chamber of Commerce, on Tuesday, 17th April, 2018, President Akufo-Addo told the gathering that his government is keen on establishing a business-friendly economy to attract foreign direct investments to exploit Ghana’s great potential on mutually satisfactory terms. Stressing that investments are protected in fact and in law in Ghana, the President assured that “the rule of law in Ghana is not a slogan, but an operating principle of state development. We want to participate in the global market place, not on the basis of the exports of raw materials, but on the basis of things we make.” He continued, “We want to bring greater dignity to the lives of millions of people in Ghana. We want to build a Ghana Beyond Aid. I believe very strongly that Ghana is on the cusp of a new, bold beginning, which will repudiate the recent culture of failure.” Private sector key President Akufo-Addo indicated that his Government is of the firm conviction that the role of the private sector in the development of our national economy is crucial, adding that “it is the very essence of our economic philosophy, and has been so for 70 odd years.” In furtherance of this, he stated that over the past 15 months in office, his administration has set about putting in place the measures needed to reduce the cost of doing business and improve the business environment in Ghana. The President noted that “our actions have resulted in the growing stability of the macro-economy and the cedi, reduction in inflation, and an abolition of nuisance taxes whose aim is to shift the focus of the economy from taxation to production.” The “effective economic policies” put in place, he said, have ensured that the fiscal deficit, which stood at 9.5% at the end of 2016, has been reduced to 5.6% at the end of 2017, and is projected to go down to 4.5% in 2018. Inflation, the President added, has declined from 15.6% at the end of 2016 to 10.4% at the end of March this year, and is expected to decline even further to an end-of-year single digit target of 8.9%with economic growth increasing from 3.6% in 2016 to 8.5% in 2017. The President stressed that “as a result of appropriate policy, and the normalisation of the power situation in Ghana, these interventions have also led to the revival of Ghanaian industry, from a growth rate of negative 0.5% in 2016 to 17.7% in 2017. Interest rates are declining, and we are now witnessing a more stable cedi, our national currency. Our macro-economy is growing stronger.” At the same time, President Akufo-Addo told the gathering that Government has implemented specific measures which are leading Ghana and her economy into the new digital age. These, he said, include the introduction of an e-business registration system, a paperless port clearance system, a digital addressing system, a mobile interoperability system, and a national identification card system, all of which are designed to formalise the Ghanaian economy, reduce the cost of doing business, and facilitate interaction between businesses and
Published in General News
Ghana is ready to share her development experiences with Liberia and will be willing to lend a hand to her West African neighbour as she seeks to move on from the devastating war of a few years ago. The ties between Ghana and Liberia will also be strengthened as the two nations explore ways to share knowledge and help meet the aspirations of their citizens. The Vice President of the Republic of Ghana, H.E. Dr Mahamudu Bawumia, made these commitments when the Vice President of Liberia, H.E. Jewel Cianeh Howard Taylor, paid a courtesy call on him at the Jubilee House, Accra on Tuesday 17th April, 2018. Citing the challenges the Nana Akufo-Addo government faced when it assumed office about 15 months ago and the strides made since then, Vice President Bawumia assured H.E. Jewel Taylor that her country’s fortunes could be turned around with dedication and hard work. “Issues such as stabilising the macro economy, restoring business confidence and making the education curriculum relevant to the needs of the people of Liberia are key”, Vice President Bawumia stated, adding “ensuring value addition to agricultural products and a policy of infrastructure development and industrialisation would also go a long way to provide jobs for the youth.” On her part, H.E. Jewel Taylor indicated she and her team are in Ghana to learn from her experiences and share ideas on how to develop Liberia and the subregion as a whole. They would also explore the possibility of engaging the services of retired Ghanaian doctors and teachers to help strengthen the capacity of Liberian institutions, according to the Liberian Vice President. H.E. Jewel Taylor expressed the gratitude of Liberians for Ghana’s assistance during the war period and even after, when a large number of refugees were hosted at Buduburam in the Central Region, declaring, “Ghana has become like home to us.”
Published in General News
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Economy Hard; We're struggling-[AUDIO]

Sections of the Ghanaian public have suggested that the harsh economic condition in the country is having serious impact on them and their families. Speaking to Nyankonton Mu Nsem on Rainbow Radio 87.5Fm, the respondents said although Ghana may have chalked positive economic outlook, it has not reflected in their pockets. A chop bar operator said, ‘’we appreciate the free senior school policy but the prices for goods and services are high and due to that, we are unable to recoup what we invest into our business. The prices for rice, oil and other commodities are high and have affected our business.’’ Another trader opined, ‘’the economy is not strong. The figures they have given us do not tally with the reality in our markets. We are struggling. They keep increasing food prices on daily basis. The current administration should do something about it otherwise, we will show them the exit in 2020.’’ One other respondent was however confident that, the Nana Addo led administration has done extremely well over the past one and half year. In his view, the reduction in electricity tariffs, introduction of the free senior high school policy and other socio-economic initiatives have boosted the economy. In a telephone interview with National Democratic Congress (NDC) MP for Bia East, Mr. Richard Acheampong, said the NPP hoodwink Ghanaians to vote for them only for them to assume office and fail woefully. The one-district-one-factory, the $1 million per constituency he stated have turned into a ghost promise and reality has dawn on the ruling party. ‘’Ghanaians will agree that the NPP has deceived them and the NDC was far better than the ruling NPP,’’ he noted. Ghana's economy expanded by 8.1 percent year-on-year in the fourth quarter of 2017, following an upwardly revised 9.7 percent growth in the previous three-month period. Considering 2017 full year, the economy grew by 8.5 percent, the fastest rate in five years, mainly boosted by oil and gas production. GDP Annual Growth Rate in Ghana averaged 6.94 percent from 2000 until 2017, reaching an all time high of 25 percent in the first quarter of 2012 and a record low of -3.80 percent in the first quarter of 2014. (tradingeconomics.com)
Published in General News
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