For all of Monday’s trending topics, read the major stories making headlines in the Ghanaian newspapers…
EXTERNAL DEBT PAYMENTS TO HIT $2.5BN CEDI DEPRECIATION AND COMMODITIES PRICE FALL TO BLAME
A 50% depreciation of the cedi against the US dollar since 2013, as well as the fall in commodity prices, has increased Ghana’s projected external debt payments of both interest and principal from $900 million to $2.5 billion this year.
BANKS WILL COLLAPSE IF $600M BDCS DEBTS ARE NOT PAID – DR BAWUMIA
Running mate of the New Patriotic Party (NPP), Dr Mahamudu Bawumia has warned that the banking industry will be hit with a crisis if government fails to settle debts owed Bulk Oil Distribution Companies (BDCs) soon.
NDC WILL AVOID VIOLENCE – PRESIDENT MAHAMA
President John Dramani Mahama has said that the National Democratic Congress (NDC) would not do anything that could mar the orderly and smooth political campaign for the 2016 presidential and parliamentary elections.
NO BRAZEN THEFT OF PUBLIC FUNDS IN MY GOVT – AKUFO-ADDO
The 2016 presidential candidate of the New Patriotic Party (NPP), Nana Akufo-Addo, says the culture where people choose politics as a money-making venture will be fought and defeated under his administration as President of Ghana.
Suspected armed robbers, Saturday dawn, allegedly attacked the residence of Alan Kwadwo Kyerematen, a former New Patriotic Party (NPP) presidential aspirant, at West Land in Accra.
NO CHOP CHOP – NANA
Nana Addo Dankwa Akufo-Addo, the 2016 presidential candidate of the New Patriotic Party (NPP), has given the assurance that a government under him would fight the culture whereby people choose politics as a money-making venture.
KWAME ADINKRA STABS ATINKA FM
Atinka FM’s morning show host, Kwame Adinkra, is trending following widespread reports that the 2015 RTP Morning Show Host of the Year is going back to Kumasi to continue his radio career.
NDC ORGANIZER DIES IN CRASH
Five persons, including the Amenfi Central deputy youth organizer of the National Democratic Congress (NDC) in the Western Region, Michael Asiedu, died on the spot in a ghastly accident that occurred on the Manso Amenfi-Asankragwa road last Saturday.
WHY A BOND DESPITE ENERGY LEVIES?
The Energy Sector Levies Act, passed in December 2015, makes provision for an ‘Energy Debt Recovery Levy’, and for the Finance Ministry ‘to open and maintain an account’ into which payment of monies collected in respect of same are to be paid.
ETI TO INCREASE PROFITABILITY – TARGETS DISCIPLINED CAPITAL AND EXPENSE ALLOCATION
Ecobank Transnational Incorporated (ETI) is seeking to increase its profitability by becoming exceptionally disciplined in the way it allocates capital and expenses.
VODAFONE RULES OUT 4G – CITES POOR 4G GADGET-PENETRATION AND MARKET DYNAMICS
Vodafone Ghana, the country’s second-largest mobile telephony service provider, has ruled out entering the 4G LTE space in the near-future stating that its current financial position and market dynamics do not support that investment.
TIME FOR AGRIC INSURANCE – MINISTER
The Deputy Minister of Agriculture, Dr Ahmed Yakubu Alhassan has admitted that an institutionalised insurance agriculture scheme will go a long way to improve the agric sector and make it attractive to investors.
ISLAMIC WORLD EYES GHANA FOR BUSINESS
The Islamic world is increasingly seeing Ghana and other African countries as a destination for foreign investment, both on the institutional and corporate fronts.
OIL PRODUCERS TO SMILE
For the last 20 months the global oil price slump has continuously made world headlines and had an array of effects on global economies.
POOR INVESTMENT IS RESPONSIBLE FOR POVERTY
Minister of Agriculture Mr Mohammed Muniru Lemuna, has blamed lack of investiment in the Agriculture sector as being responsible for the high poverty levels in the Upper West Region.
GOVERNMENT MUST COME TO OUR AID – GREDA
The Executive Secretary of the Ghana Real Estate Developers Association (GREDA), Mr Sammy Amegayibor, has called on the government to come to their aid to help them make sales in 2016.