play videoSamuel Okudzeto Ablakwa, Minister of Foreign Affairs-designate

The Minister of Foreign Affairs-designate, Samuel Okudzeto Ablakwa is scheduled to appear before Parliament’s Appointments Committee on Friday, January 31, 2025, for evaluation of his nomination.

Samuel Okudzeto Ablakwa is a four-term legislator representing North Tongu in the Volta Region. He has had an illustrious public service career spanning some two decades.

He has a reputation for being a strong advocate for ethical, transparent, and transformational leadership. For nearly eight years, between 2017 and 2024, he served as a Ranking Member of the select committee on Foreign Affairs.

He rose to become the first Chairman of the reformed Assurances Committee.

The lawmaker is currently the Chairman of President John Mahama’s flagship anti-corruption drive, Operation Recover All Loot (ORAL). In 2009, he was appointed Deputy Minister for Information by late former President John Evans Atta Mills.

His academic credentials include reading Political Science, Philosophy and Economics for his first degree at the University of Ghana, an LLB from the University of London, an MSc in Defence and International Politics from the Ghana Armed Forces Command and Staff College, an MA in Communications and PR from the University of Leicester and an Executive Certificate in Leadership from the Harvard Kennedy School of Governance.

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MAG/MA

Ghana has successfully restructured 93% of its external debt, with only 7% remaining to be negotiated, valued at approximately $2.7 billion. This significant achievement was confirmed by Finance Minister Dr. Cassiel Ato Baah Forson during a recent media briefing where he highlighted the government’s progress under the International Monetary Fund (IMF) program.

Dr. Forson emphasized the complexity of the situation, noting, “The road ahead is narrow but steep.” The unresolved portion of Ghana’s debt involves negotiations with around 60 commercial banks, which operate independently of the formal groups, making these discussions particularly challenging.

Hearts of Oak returned to winning ways with a hard-fought 1-0 victory over Heart of Lions in the Ghana Premier League on Friday, extending their unbeaten run to six matches.

A second-half penalty, coolly converted by forward Mawuli Wayo, proved decisive in securing all three points for the Phobians at the University of Ghana Stadium.

Head coach Aboubakar Ouattara made a few tactical changes to the team that was held to a goalless draw by Basake Holy Stars in their previous fixture.

He handed new signing Seth Osei a place in the starting lineup, while Kwesi Asmah and Abdul Aziz Adam also made their debuts for the club after coming on as second-half substitutes.

The first half saw Hearts create the better goal-scoring chances, although both teams were evenly matched in terms of possession.

Hamza Issah missed a golden opportunity in the 29th minute, failing to put his side ahead.

However, the breakthrough came early in the second half when Wayo confidently slotted home from the penalty spot, marking his fifth goal of the season.

With this crucial win, Hearts have climbed to fourth place on the league table, level on points with Lions and just one point behind leaders Asante Kotoko SC.

Meanwhile, Lions have struggled in recent matches, managing only one win in their last four games, suffering three defeats in the process.

Despite their setback, they remain in third place, still in contention for the top spot.

The Phobians will now look to build on this momentum as they aim to challenge for the league title, while Lions will need to regroup and find consistency to stay in the title race.

The Minister of State-designate for Government Communications, Felix Ofosu Kwakye says that President John Mahama is not one who indulges in flamboyance or ostentation.

According to him, President Mahama always prioritises cost-effective travel options, ensuring that taxpayer money was not wasted on luxury or unnecessary expenses.

Speaking on the issue of presidential travel during his vetting on Friday, January 31, Mr Kwakye highlighted the president’s personal commitment to modesty and financial prudence.

“President Mahama is not one who is given to flamboyance and ostentation. I’ve had the distinct pleasure of traveling with him a couple of times.

“There was a day that we were supposed to join a commercial aircraft. He was willing to go onto that aircraft that had only two seats left without any of his aides,” he said.

He recounted an occasion when President Mahama travelled from Frankfurt to Accra in economy class without complaint, even though he could have opted for a more comfortable arrangement.

He noted that unlike former President Nana Akufo-Addo, who rented expensive private jets for official travel, Mr Mahama has consistently chosen the most cost-effective means available.

Mr Kwakye assured Ghanaians that once the presidential aircraft was confirmed to be in good condition, the President would use it for all his official trips.

He stressed that unless unavoidable circumstances dictate otherwise, Mr Mahama would always opt for the most affordable and safe travel alternative.

“He will use it every single time that he has to travel, unless, of course, some circumstance makes it impossible, even then, he will choose the cheapest option available to the extent that it is safe and can take him to wherever he has to go,” he stated.

His remarks come amid growing debates over government travel expenditures, with concerns raised about the high cost of renting private jets.

Former Defence Minister Dominic Nitiwul has expressed strong disapproval over President Mahama’s decision to use his brother’s private jet for official duties instead of the state-owned presidential jet.

Speaking on JoyNews’ PM Express on Wednesday, January 22, he described the move as “wrong” and questioned the rationale behind abandoning a fully functional presidential jet.

“I’m saying that there’s a lack of sincerity,” The Bimbilla MP stated.

“The presidential jet is in good order. In fact, former President Nana Akufo-Addo used this presidential jet either on the 22nd or 23rd of December to Takoradi because we had to go to Nzulezu to commission a Naval base, and he used this jet. I was there. It was the same jet he used on 29th December to Kumasi,” he said.

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Zeqblog Blog of Friday, 31 January 2025

Source: Okine Isaac

Manchester City must overcome Real Madrid if they are to keep their Champions League hopes alive after the pair were drawn together for a blockbuster playoff tie.

In a fiendish consequence of City’s scratchy league phase, which saw them narrowly avoid early elimination by finishing 22nd, they will face the La Liga leaders and reigning European champions in February. Celtic have been dealt an equally tough assignment in the form of Bayern Munich. The playoff winners will all enter the round of 16 but there is no further safety net for those defeated.

It means a swift renewal of acquaintances for City and Real, who have contested 10 Champions League ties in the last decade and most recently met in last season’s quarter-finals. City, who were the holders, lost a penalty shootout at the Etihad Stadium after a 4-4 aggregate draw.

City will hope that an uptick in their previously disastrous domestic form helps them go one better and they may be boosted by the fact that their recent signings Omar Marmoush, Abdukodir Khusanov and Vitor Reis can be registered for the knockout stages of the competition. City will host the first leg on 11 February before travelling to the Bernabéu on 19 February.

Celtic’s first post-Christmas Champions League knockout match since 2012-13 will be the first leg against Bayern at Celtic Park on 12 February. Brendan Rodgers’ side go to Germany on 18 February. The teams have not met since two fixtures during the group stage in 2017-18.

Celtic fans face being banned from attending the game in Munich after the club were hit with a Uefa disciplinary notice on Friday. The Scottish champions were on a suspended ban for away fans following a series of fines over the use of pyrotechnics and an incident during the 4-2 defeat at Villa Park on Wednesday has sparked a potential triggering of the punishment. Photographs show someone among the travelling support holding a green smoke canister, which was then thrown on to the pitch

The winners of each tie will play one of Atlético Madrid and Bayer Leverkusen, who have already progressed to the round of 16 after finishing in the top eight of the league phase. Other floundering giants will feel confident of progress. Paris Saint-Germain, who joined City in edging through the league phase on Wednesday’s sprawling final match-day, face an all-French tie against surprise package Brest. In two ties pitching Serie A against the Eredivisie, Juventus play PSV Eindhoven while Milan meet Feyenoord.

Monaco will play Benfica while Sporting come up against a struggling Borussia Dortmund. A tie between Atalanta and Club Brugge completes the playoff pairings.

The playoff draw did not change the picture for Liverpool, Arsenal or Aston Villa, who are already through to the round of 16 in March and knew which four sides they could play. Liverpool face the winners of Brest v PSG or Monaco v Benfica, while Arsenal play the winners of Juventus v PSV or Feyenoord v Milan. Villa will come up against whoever prevails in either Sporting v Dortmund or Club Brugge v Atalanta.

Manchester United and Tottenham both escaped extra Europa League assignments after securing safe passage to the round of 16 with their respective victories on Thursday. They will both face either the winner of the playoff between AZ Alkmaar and Galatasaray, or the victor between Midtjylland and Real Sociedad. Rangers will meet the winners of either FC Twente v Bodø/Glimt or Fenerbahce v Anderlecht

Other Europa League playoffs that catch the eye include Porto’s meeting with Roma and a Dutch-Belgian clash between Ajax and Union Saint-Gilloise.

By Issah Mohammed/Dorcas Stephens

Accra, Jan 31, GNA – Mr Vish Ashiagbor, a top management executive, says the successful execution of a Public Private Partnership (PPP) agreement is hinged on choosing a capable private partner.   

The Country Senior Partner for PwC Ghana, an audit firm, said it was important for governments to understand that while the provision of public infrastructure was motivated by societal impact, the motive of the private was profit. 

Mr Ashiagbor was speaking at the Stanbic/Graphic Business breakfast meeting held on Tuesday on the theme, “Public-Private Partnership as a Financing Option for Sustainable Development.” 

He urged the government to ensure that the selection of private partners for PPP was based on the capability and credential to provide value for money and provide public infrastructure that government would have otherwise provided with scarce resources. 

“Private sector that is operating a service has to meet certain performance indicators based on which they are remunerated so they cannot go to sleep and not deliver their part of the bargain,” he said.  

He noted that the government must be willing to provide the support needed which could be in the form of debt guarantees and regulations for private partners to work effectively and achieve Key Performance Indicators (KPI). 

“It is a contract. And as businesspeople, we know that even outside the contributions of the PPP, if you’re in a business contractual relationship, trust, communication, and shared authority are critical for the project to work,” he said. 

Mrs Cynthia Ayebo Arthur, Acting Director, Public Investment and Asset Division, Ministry of Finance, said that continuous engagements and communication are essential to foster basic understanding on obligations and rights for public-private sector collaboration. 

She noted that as the local private sector built capacities, government is becoming less reliant on external partners. 

Madam De-Sylvia Boatemaa Asare, Acting Chief Operating Officer for Identity Management Systems, called for the strengthening of legal framework and improving risk assessment management to ensure that PPPs were successful. 

GNA 

By Elsie Appiah-Osei

Accra, Jan 31, GNA – The Minister-designate for Foreign Affairs, Mr Samuel Okudzeto Ablakwa, has urged President John Dramani Mahama to revisit and renegotiate the terms of the District Road Improvement Programme (DRIP).  

Mr Ablakwa’s call comes after he raised concerns during his vetting by Parliament’s Appointments Committee on Friday over the inflation of the project, allegedly by more than $100 million. 

The DRIP, launched in August 2024 by former President Nana Addo Dankwa Akufo-Addo’s Administration, aimed to enhance road maintenance and construction across all districts. 

It is also to bolster the capacity of Metropolitan, Municipal, and District Assemblies (MMDAs) by equipping them with state-of-the-art machinery and providing essential technical training to local authorities. 

Mr Ablakwa argued that despite the project’s noble objectives, its financial execution had allegedly been riddled with inefficiencies, potentially costing Ghana the much-needed resources.  

Only 25 per cent of the total project cost had been paid, leaving substantial room for renegotiation, he said. 

” … Mr Chairman, fortunately, only 25 per cent has been paid and not all the liabilities have been met, so I have encouraged the new Mahama Administration to renegotiate the DRIP so that we can save money because my conservative estimate is that it has been inflated by more than $100 million,” he stated. 

The minister-designate emphasised the need for the Government, led by President Mahama, to act decisively in addressing the issue to safeguard public funds.  

Mr Ablakwa highlighted the potential impact of recovering the “inflated funds,” which could be redirected to other critical sectors such as education, healthcare, and social intervention programmes. 

The DRIP has been marred by controversy, with Mr Ablakwa uncovering an alleged $102 million inflation in the contract, which was awarded to J.A. Plantpool, a subsidiary of the Zoomlion conglomerate. 

The contract was not awarded through a competitive process, but rather through a single-sourced deal, he said. 

Mr Ablakwa’s call for renegotiation comes as Ghana struggles with economic challenges, including an IMF bailout.  

He expressed the belief that recovering the “inflated funds” could make a significant difference in addressing the country’s economic challenges. 

GNA 

Issifu Seidu, the Minister-designate for Climate Change and Sustainability, has committed to introducing climate-resistant initiatives aimed at safeguarding vulnerable communities and sectors in Ghana.

Speaking during his vetting by Parliament’s Appointments Committee on Friday, January 31, 2025, Seidu emphasised the urgent need for strategic interventions to address the mounting impacts of climate change on Ghana’s economy and environment.

During his appearance before the committee, Seidu highlighted the pervasive impact of global climate trends, which he noted have significantly disrupted key state institutions and economic sectors, including agriculture, energy, and forestry.

Seidu identified agriculture as one of the most vulnerable sectors in Ghana. He explained how unpredictable rainfall patterns, prolonged droughts, and increased flooding have placed a strain on farmers and disrupted food security.

Additionally, the forestry sector has faced severe deforestation challenges, further exacerbated by climate change, while the energy sector has encountered challenges due to erratic weather conditions impacting hydropower generation.

“If I am given the nod what I will do is to support the existing ministries to come up with initiatives that will target the perennial flooding that we have. We need to have climate-resistant initiatives so that we can target the vulnerable institutions that we have.

“The vulnerable sectors of the economy are the agricultural sector, the energy sector, forestry and we need to come out with climate resistant initiatives to save our environment.”

The Paris Climate Agreement, signed by nearly 200 nations, commits countries to limit global temperature rises to below 2°C above pre-industrial levels and to pursue efforts to limit the increase to 1.5°C. Seidu acknowledged the importance of Ghana’s continued commitment to such agreements but stressed the need for practical, on-the-ground implementation of climate policies to achieve meaningful change.

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Jobberman Ghana, a tech-enabled career development and recruitment solutions company in Ghana, has launched the “Gye W Two Promo: Twice the Talent” campaign.

This initiative aims to help employers enhance their hiring efforts with a Buy-One-Get-One-Free deal on standard and basic job listings, along with complimentary soft skills training for employees who take advantage of the offer.

The promotion is started on January 28 and will end on March 7, 2025.

The Chief Executive Officer of Jobberman Ghana, Hilda Nimo Tieku, highlighted the company’s commitment to empowering employers and recruiters with innovative hiring tools.

“This exclusive offer is designed to maximize employers’ hiring potential like never before,” she stated.

“With our Buy-One-Get-One-Free deal, you can double your reach and attract twice the talent while staying within budget. Plus, we’re supporting professional development with free soft skills training for your staff. It’s a win-win for growth and success.”

This campaign is part of Jobberman Ghana’s ongoing efforts to enhance the hiring process, enabling companies to build exceptional teams without compromise.

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Treasury bills were oversubscribed in last week’s auction

The government aims to borrow GH¢6.527 billion in the upcoming treasury bill auction today, January 31, 2025.

For the fourth consecutive week, the government recorded a massive oversubscription in its treasury bill auction held on January 24, 2025.

The auction received total bids amounting to GH¢8.162 billion, exceeding the target of GH¢6.001 billion by GH¢2.161 billion.

According to results released by the Bank of Ghana on January 27, 2025, out of the GH¢8.162 billion bids tendered, the government accepted GH¢4.479 billion for the 91-day bill, GH¢1.756 billion for the 182-day bill, and GH¢1.927 billion for the 365-day bill. However, not all bids in the auction were accepted.

The interest rates for the latest auction increased slightly, rising from approximately 28.41% last week to 28.51% for the 91-day bill, 29.06% for the 182-day bill, and 30.40% for the 365-day bill.

Treasury bills have become the government’s primary source of borrowing due to its limited access to the international capital market.

The new government has assured the public that plans will be implemented to regain access to the international market and reduce reliance on domestic borrowing.

SSD/MA

The next four years under Mahama will be a golden age for fintech – Sam George

The shipping and logistics industry is the lifeblood of global trade—an intricate network that ensures the seamless flow of goods across continents, connecting businesses, nations, and economies. In Ghana, this sector is not merely a cog in the wheel; it is a driving force, an engine that powers the nation’s economy and secures its position on the global stage.

As vital as it is, however, the industry requires more than just functionality; it demands transformative leadership—leaders who possess the vision, energy, passion and strategic acumen to navigate the complex tides of commerce and policy.

When Kwesi Baffour Sarpong was appointed by His Excellency, President Nana Addo Dankwa Akufo-Addo in November 2023 to lead the Ghana Shippers’ Authority (GSA), few could have predicted the scale of impact he would make. From the very first day of his tenure, Sarpong injected the GSA with an electrifying energy—driven by a bold vision for Ghana’s shipping industry, and manifested through a clear strategy for reform, and an unyielding belief in excellence.

His approach was not just about doing things differently; it was about doing things better—creating a legacy that would withstand operational challenges and the test of time; and elevate the standing of Ghana on the scene of global trade.

Sarpong’s drive quickly became apparent as he set in motion a series of high-impact reforms and infrastructural developments. The Ghana Shippers’ Authority Act 2024 (Act 1122), a cornerstone achievement, stands as a testament to his visionary thinking. This groundbreaking legislation, which amended the 50-year-old Establishment Law (NRCD 254) of the GSA, redefines the regulatory landscape of Ghana’s shipping sector.

Its passage was propelled by tremendous support from both Parliament and the Ministry of Transport, whose collaboration ensured the Act’s swift enactment. The new law establishes clear frameworks to govern commercial shipping activities, eliminate unfair practices at ports and borders, and create a competitive environment that benefits all stakeholders.

By enhancing the regulatory mandate over transit shipping, the amended law ensures greater efficiency across the logistics chain, providing a more transparent, efficient, and competitive platform for trade.

Sarpong’s vision, however, extended far beyond legal reforms. Under his leadership, infrastructure was revolutionized. The Boankra Integrated Logistics Terminal (BILT), one of the most ambitious projects in the country’s logistics history, was brought to life with Phase 1 nearing completion ‘, and estimated to be completed by the end of the first quarter of the year.

This vital terminal promises to reshape the logistics landscape of the northern half of the country, improving road networks, storage facilities, and security zones to bolster the country’s trade capacity, especially with its landlocked neighbors, Burkina Faso, Mali and Niger. With full operations projected by 2026, BILT will be a game-changer for the region and for Ghana’s overall trade efficiency.

Simultaneously, Sarpong championed the perfection of land documentation to pave the way for the commencement of works for the Akatakyiwa Freight Park Project, strategically located at Yamoransa junction in the Central region, along the Accra-Takoradi highway.

This ambitious project is designed to cater to both transit cargo destined for landlocked countries and cargo flowing between Ghana’s southern and western regions. With truck parks, driver accommodations, restaurants, and workshops, it will serve as a vital hub for logistics services, enhancing Ghana’s standing as a trade facilitator in the region.

Sarpong’s leadership was not just about bold infrastructural projects or legislative triumphs—it was also about institutional growth and adapting to global industry trends. By the time the GSA marked its 50th anniversary, he spearheaded a major revisioning and repositioning initiative that realigned its mandate, vision, and mission with global standards of modern commercial shipping.

By streamlining the internal operations of GSA, and fostering greater collaboration with stakeholders of the sector, Sarpong laid a solid foundation for the GSA to adapt to the evolving dynamics of global trade. His commitment to building a culture of effective modern corporate governance, efficiency and service excellence has transformed the GSA into a model institution—one that serves as a beacon of professionalism in the industry.

Deservingly, His leadership has not gone unnoticed. Under his stewardship, the GSA earned the prestigious titles of Public Sector Company of the Year 2024 and Trade Facilitation Company of the Year 2024 at the Ghana Business Awards. These accolades are a reflection of the Authority’s extraordinary contributions to the shipping and logistics sector, and they stand as a testament to Sarpong’s relentless pursuit of excellence.

As Kwesi Baffour Sarpong moves on to pursue other interests, he leaves behind an institution that has been fundamentally reshaped and elevated to global standards of excellence. His successor, Prof. Ransford Gyampo, inherits not just an organization, but a legacy of transformation—one driven by vision, exposure, efficiency, and unwavering transparency.

Under Sarpong’s leadership, the Ghana Shippers’ Authority has evolved into a resilient, future-focused institution, primed to navigate the ever-changing dynamics of global trade and logistics. His tenure is a testament to his deep belief in service, embodied in his favorite maxim: Dulce et decorum est pro patria mori—”It is a very admirable thing to die for one’s country.”

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By Iddi Yire  

Accra, Jan 25, GNA – President John Dramani Mahama has nominated Dr. Johnson Asiamah to serve as Governor of the Bank of Ghana, pending approval by the Council of State.  

A statement issued by Mr Felix Kwakye Ofosu, Acting Spokesperson to the President, copied to the Ghana News Agency, said Dr Asiamah’s nomination followed the receipt and acceptance of a formal request by current Governor, Dr Ernest Addison, to proceed on leave ahead of his retirement on 31st March, 2025.  

Profile of Dr Johnson Asiamah  

Dr Johnson Asiamah who previously served as a Second Deputy Governor of the Bank of Ghana between 2016 and 2017, holds a PhD in Economics from the University of Southampton, UK and has extensive experience in monetary policy formulation, financial stability regulation and economic research.  

He has a wealth of experience in banking having worked at the Bank of Ghana for over 23 years.  

He has over the years demonstrated commitment to implementing sound monetary and exchange rate policy, foster a stable financial system, as well as promoting accelerated economic growth in Ghana.  

GNA

Government plans to prevent second debt restructuring

The Institute of Economic Affairs (IEA), a public policy think-tank, has cautioned the government against another debt restructuring by deliberately raising more revenue and being fiscally responsible.

The policy think-tank said being prudent with expenditure would inspire investor confidence as the economy rebounds amid the implementation of the IMF US$3 billion Extended Credit Facility (ECF) programme.

The IEA said this in its bi-monthly Economic Outlook for November to December 2024, with the expectation that the 2025 Budget, would sustain macroeconomic stabilisation efforts in line with the IMF programme.

Ghana completed its domestic debt restructuring in February 2023, achieving about 85 per cent exchange and 98 per cent exchange on the country’s US$13 billion external debt restructuring with Eurobond holders in October 2024.

“The 2025 budget is expected to conform generally to the programme. Moving along this path is necessary to avoid another painful debt restructuring, while engendering investor confidence in the economy.”

The Institute noted that the government’s intention to abolish the e-levy, COVID-19 tax, emissions tax and betting tax, would ease the burden on the few tax-paying households and businesses.

“The resulting loss in revenue is expected to be offset by reinforced efforts to plug the numerous tax loopholes, broaden the tax net and strengthen tax administration, among other measures,” it stated.

It, however, indicated that “resuming the debt service will put pressure on the budget and the exchange rate,” and called for measures to compensate the effects of the external debt repayment.

The policy think-tank said the 2025 budget should recognise the lack of fiscal space to support economic development due to limited Government revenue and take steps to increase the tax intake.

“It will be important also to recognise the potential of the natural resource sector to provide resources for development. Tapping this potential will require changes to the natural resource fiscal regimes towards increasing Ghanaian ownership and benefits,” the Institute said.

It also called for local value-addition to the country’s natural resources by giving priority to the processing and manufacturing sectors to increase revenues from that sector.

Meanwhile, Dr Cassiel Ato Baah Forson, the Minister of Finance, has tasked the revenue mobilisation and expenditure agencies, to ensure a balance between increasing revenue and government spending.

He made this call during his first working visit to the Ghana Revenue Authority (GRA) and the Controller and Accountant-Generals Department (CAGD), last Thursday.

“As part of the IMF agreement, this year, we may have to do additional tax revenue of 0.6 per cent of GDP [Gross Domestic Product] … your work is to ensure that whatever we ask you to pay, you review it and if it meets your law,” he told the two agencies.

‘We won’t allow the so-called Majority to force their way’ – Afenyo-Markin

Accra, Jan 31, GNA-The Speaker of Parliament has suspended four Members of Parliament (MPs) from attending parliamentary sittings for two weeks, effective Friday, January 31, 2025.

The suspended MPs are: Mr. Frank Annoh-Dompreh, Minority Chief Whip; Mr. Rockson Nelson Dafeamekpor, Majority Chief Whip; Mr Jerry Shaibu, Second Minority Whip and Mr Alhassan Sulemana Tampuli, a New Patriotic Party MP for Gushegu

Their suspension stems from misconduct during the appointments committee proceedings.

Video Attached:

GNA