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News Headlines-December 17 2015

📰NEWS HEADLINES📰
THURSDAY 17th DEC 2015

BY MR LARRY ®

REVERSE TARIFF INCREASES – CHRISTIAN COUNCIL APPALS TO PURC
The Christian Council of Ghana has called on the Public Utitlities Regulatory Commission to reverse the recent tariff increases announced by the commission.

AMERI FIGHTS BACK OVER $600M SCANDAL
The AMERI Group has confirmed that Pakistani-born Norwegian Umar Farooq Zahoor, who is a wanted man internationally for alleged organised crime, was the group’s Chief Executive until 2015.

OPPOSITION REBEL GROUP DESTROYS PRIVATE PROPERTY
NPP’s internal security, Invincible Forces, have chased away supporters of a parliamentary aspirant Nii Noi Nortey who stormed the party headquarters Wednesday afternoon.The forces wielding machetes went on a rampage and chased away the party supporters as well as journalists who had come to cover the commotion.

NANA KONADU’S NDP READY FOR PRESIDENT MAHAM
Very credible information reaching The aL-hAJJ indicates that failed presidential aspirant of the National Democratic Party (NDP), Nana Konadu Agyemang Rawlings will in the coming days intensify her scathing attacks on President John Dramani Mahama and the ruling National Democratic Congress administration.

PPP IS AMENFI WEST WINNER
Today’s analysis of the results of Tuesday, December 15, by-elections in Amenfi West Constituency in the Western region clearly showed that the parliamentary candidate of the Progressive People’s Party (PPP), Abraham Kojo Buadee, technically emerged the winner.

I DON’T OWN MERCHANT BANK – IBRAHIM MAHAMA
Those with the firm belief that the Chief Executive Officer of Engineers and Planners Company Limited, Mr. Ibrahim Mahama owns Merchant Bank now Universal Merchant Bank, West Hills Mall and other Malls in the country should revise their notes.

NPP NEEDS DIVINE INTERVENTION TO WIN 2016 ELECTIONS
Contrary to claims by some bigwigs of the New Patriotic Party and their assigns that the suspension spree in the biggest opposition party will sanitize the party and prepare it for victory in the 2016 elections, a political science lecturer with the Kwame Nkrumah University of Science and Technology, Dr Samuel Adu-Gyamfi, thinks otherwise.

UMAR FAROOQ NOT WANTED CRIMINAL – AMERI
African and Middle East Resources Investment Company (Ameri Group LLC) has defended the character of its former Chief Executive, Umar Farooq Zahoor.

SUSPEND NEW UTILITY TARIFFS – TDCL
The Tema District Council of Labour (TDCL) has added its voice to calls for the Public Utility Regulatory Commission (PURC) to suspend the implementation of new utility tariffs.

200 SECRETE POLICE OFFICERS DESCEND ON KUMASI
About 200 plain-clothed Police officers have been deployed at Kejetia, the commercial hub of Kumasi, to ensure security and safety of commuters and traders.

JAKE OBETSEBI-LAMPTEY IS NOT DEAD
Jake Otanka Obetsebi-Lamptey is not dead, reliable sources within Ghana’s biggest opposition party have told ClassFMonline.com.

GA PRIESTS WARN NPP OVER RECENT ATTACKS
Chief priests in the Ga Dangme traditional area have described as shocking, the silence of the NPP leadership on a recent attack on one of its leaders, Nii Attoh Quashie in the Ablekuma South constituency.

I WASN’T IN FAVOUR OF AMERI DEAL – IBRAHIM MAHAMA
CEO of E&P Company Ltd, Mr. Ibrahim Mahama Chief Executive Officer of the Engineers and Planners Company Limited, Mr. Ibrahim Mahama says he has never supported the idea of awarding state contracts to foreign firms including the AMERI deal.

MINORITY RAISES ISSUES WITH USE OF GH¢3.6M TO REBRAND BUSES
The use of a GH¢ 3.6 million of oil funds for the rebranding of Metro Mass Rapid Transit buses generated controversy in Parliament last Tuesday, with the Minority Leader, Mr Osei Kyei-Mensah-Bonsu, questioning the move by the government.

BUSINESS HEADLINES

PREZ MAHAMA INAUGURATES KASAPREKO COMPANY’S BOTTLING PLANT
President John Dramani Mahama yesterday inaugurated the multi-million dollar bottling plant of Kasapreko Company Limited (KCL), an alcoholic beverage producer on the Spintex Road in Accra.

FERTILISER SUBSIDY REPORT LAUNCHED
An international policy research and advocacy Civil Society Organisation-SEND GHANA has launched a fertilizer subsidy report in Accra, which assesses the design and implementation of fertilizer subsidy programme and benefits to farmers in terms of influence on outputs, productivity and incomes.

ECONOMY WORSE OF IN 2015, ANALYSTS DECLARE
Economists and analysts are generally of the view that this year would end worse than expected for the Ghanaian economy.

NPRA TRANSFERS GH ¢95M TO 767 EMPLOYERS

The National Pensions Regulatory Authority (NPRA) has transferred GH?95milllion from the Temporary Pension Fund Account (TPFA) at the Bank of Ghana to 767 establishments or employers in the private sector.

SUB-SAHARAN AFRICA’S COMMODITY EXPORT GAINS DECLINING – MOODY’S

Despite efforts by Sub-Saharan Africa countries to diversify economies and accumulate buffers, their commodity exporters remain vulnerable to commodity price shocks, according to a Moody’s report .

GHANA’S CASSAVA IN DEMAND FOR COMMERCIAL AND INDUSTRIAL USE

Ghana produces about 16 million metric tonnes of cassava of which an estimate of about 11 million tonnes is available for human consumption.
However, only four million tonnes of the cassava available for human consumption is consumed leaving over seven million tonnes as surplus.

ECONOMY HAS SHRUNK – PROF GYAN-BAFFOUR

For the first time in 14 years, Ghana’s economy has shrunk and growth has declined from 8.4 percent in 2009 to 4.2 percent currently, Prof Gyan-Baffour, Member of Parliament (MP) for Wenchi has indicated.

CEDI POISED FOR A DECLINE IF FED RATE INCREASES

There are fears the cedi is likely to depreciate further against the dollar in the coming days if America’s central bank, the Federal Reserve goes ahead to increase rates.

SET UP SEPARATE BODY TO REGULATE MICROFINANCE

A retired educationist, Mrs Patience Ayele Ayesu, has called on the Bank of Ghana to set up a separate bank or body to regulate the activities of microfinance companies in the country.

AGRIC ATTRACTS TELCOS’ ATTENTION

Information, Communications and Technology (ICT) companies are increasing their offering to the agriculture sector to help address the myriad challenges bedevilling the sector.

CHINA PLEDGES SUPPORT TO ACCRA COMPOST AND RECYCLING PLANT

The Chines government has pledged to offer assistance to the management of the Accra Compost and Recycling Plant (ACARP) to ensure efficient management of liquid waste in the country.

GIFEC TARGETS MORE FISHERMEN

The Ghana Investment Fund for Electronic Communications (GIFEC) is to train more fishermen under its fish-finder programme, as it looks to increase the volume of fish harvested from the Atlantic Ocean, Kwabena Owusu Akyeampong-Administrator of GIFEC, has said.

INTERNATIONAL HEADLINES

LIBYA PARLIAMENT CHIEF THROWS UN DEAL INTO DOUBT

The president of the Libyan parliament that is not recognised by the international community said Wednesday that lawmakers preparing to sign a UN-sponsored unity government agreement in Morocco had no legitimacy.

SOUTH AFRICANS MARCH AGAINST ZUMA

Thousands of people across South Africa are marching to demand President Jacob Zuma is sacked after he last week fired two finance ministers.

U.S. SUPPLIES SYRIAN FIGHTERS AHEAD OF PUSH FOR ISLAMIC STATE TOWN

The United States has delivered a fresh supply of ammunition to Syrian Arab fighters ahead of an expected stiff battle with Islamic State as they push toward the Syrian town of al-Shadadi, a key logistics hub for the group, U.S. officials tell Reuters.

CUBA SAYS OBAMA WELCOME TO VISIT BUT NOT TO MEDDLE

U.S. President Barack Obama is welcome to visit Cuba but not to meddle in its internal affairs, a senior foreign ministry official said on Wednesday on the eve of the first anniversary of the two countries’ historic rapprochement.

AUSTRALIA SAYS NO PLAN TO STOP SURVEILLANCE FLIGHTS OVER SOUTH CHINA SEA

Australia will not bow to Chinese pressure to halt surveillance flights over disputed islands in the South China Sea at the centre of territorial spats between China and its regional neighbours, Defence Minister Marise Payne said on Thursday.

INSIGHT – VIETNAM BUILDS MILITARY MUSCLE TO FACE CHINA

Vietnam’s military is steeling itself for conflict with China as it accelerates a decade-long modernisation drive, Hanoi’s biggest arms buildup since the height of the Vietnam War.

MERKEL TO EXPLORE NEW PROPOSALS ON MIGRANT CRISIS AT EU MINI-SUMMIT

German Chancellor Angela Merkel will explore new possible ways to admit Syrian refugees to Europe at a mini-summit with Turkey and several EU leaders on Thursday, as she struggles to control a migrant crisis that has split the 28-nation bloc.

BALTIMORE ON EDGE AFTER HUNG JURY IN POLICEMAN’S MANSLAUGHTER TRIAL

A mistrial was declared on Wednesday in the case of a Baltimore police officer charged in the death of Freddie Gray, a black man whose killing while in custody sparked riots in April, and the city’s mayor urged calm.

BRAZIL JUDGE DROPS OBJECTION TO ROUSSEFF IMPEACHMENT PROCEEDINGS

A controversial secret congressional vote that stacked an impeachment committee with opponents of President Dilma Rousseff was found legitimate on Wednesday by the Supreme Court justice who suspended proceedings against her last week.

YAZIDI WOMAN BEGS U.N. SECURITY COUNCIL TO WIPE OUT ISLAMIC STATE

A young Yazidi woman pleaded on Wednesday for the United Nations Security Council to wipe out Islamic State after describing the torture and rape she suffered at hands of the militants, who abducted her as “war booty” and held her for three months.

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