By Morkporkpor Anku (Accra, Ghana) – The Institute of Economic Affairs (IEA) said on Thursday that oil production would be the biggest influence on inflation in the country in future. “Given the spending pressures expected from the oil revenue, achieving low single-digit inflation as envisaged would entail exceedingly tight monetary policy, most probably in the form of high and exchange change,” it said. Dr John Kwebena Kwakye, a Senior Economist at IEA, said this in a presentation at a round table on the theme: “Assessment of the inflation trends, management, and macroeconomic effects in Ghana: Examining the cost and benefits... Continue Reading
By Morkporkpor Anku (Anku, Ghana) – Madam Olga Carbaga, Spanish Ambassador has pledged the commitment of her country to develop Ghana’s tourism potential. “Spain will support Ghana in research and technical assistance to enable her develop her tourism potentials,” she said, during a courtesy call on Mrs Sabah Zita Okaikoi, Minister of Tourism in Accra. She noted that Ghana’s tourism potential was enormous and had the capacity to alleviate poverty and create jobs. Madam Carbaga said Ghana was a reliable partner in Africa, an epitome of democracy, stability and security. She said Ghana also had the additional potential to attract... Continue Reading
By Nawa Mutumweno – The projected power output at the Kafue Gorge Lower hydropower project has been raised from the initial 600 to 800 megawatts. According to Zambia Electricity Supply Corporation (ZESCO) managing director Ernest Mupwaya, the Chinese developers for the estimated $2 billion power project had already completed an Environmental Impact Assessment (EIA) and the geotechnical studies for the project which is expected to come on stream by 2017. “Preliminary studies by the Chinese developers show that the power station will be producing around 800 MW contrary to earlier studies by the International Finance Corporation (IFC) which put the... Continue Reading
Morkporkpor Anku (Accra, Ghana)- A workshop aims at equipping the Ghanaian young Muslim girls to become responsible women, opened on Friday in Tuba near Kokrobite in the Greater Accra. The three-day workshop is also intended to encourage the girls to appreciate the crucial value of education both secular and Islamic to be able to take up leadership roles in society. It has the theme: “Empowering the Muslim Youth to Attain Greater Heights”. It was organised by the Federation of Muslim Women’s Association (FOMWAG) in collaboration with the youth wing of FOMWAG. Hajia Fatima Suleiman, National President of FOMWAG, in an... Continue Reading
By Emmanuel Muwamba – Malawi President Bingu wa Mutharika has appointed Chief State Advocate Rosemary Kanyuka as new Director of Public Prosecutions (DPP) becoming the first female to head the prosecution team in Malawi. Her appointment makes it the third DPP in the Mutharika administration since 2004. Solicitor General Anthony Kamanga told the press that Kanyuka has been appointed to head the State prosecution team but she will wait for the confirmation by Public Appointments Committee (PAC) of Parliament. Kanyuka refused to comment on her appointment. Kamanga said Kanyuka’s appointment is with effect from December 22. Kanyuka replaces former DPP Wezzie... Continue Reading
