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NDC Will Appeal Assin North Election Ruling – Minority

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NDC Will Appeal Assin North Election Ruling - Minority

A Member of Parliament (MP) with the Minority in Parliament says he is disappointed in the ruling of the Cape Coast High Court that cancelled the 2020 parliamentary elections at Assin North.

The MP for South Dayi, Rockson Dafiamekpor, said they will appeal the decision and seek a stay of execution from the court.

READ ALSO: High Court Nullifies 2020 Parliamentary Election At Assin North

He is urging party members to remain calm as processes unfold to challenge the ruling.

A Cape Coast High Court has ordered for fresh parliamentary election in the Assin North constituency.

READ ALSO:   'I Am Sorry For The Insults' - Lawyer Ntim Apologises To John Mahama Over Recent National Issues

Assin North

The court was presided over by Justice Kwasi Boakye who declared the 2020 parliamentary election held in the Assin North Constituency as null and void.

This ruling was given on Wednesday, July 28, 2021.

READ ALSO: Koku Anyindoho Expelled!!!!!

In his judgement, Justice Boakye upheld that the National Democratic Congress’ parliamentary candidate for the constituency, Joe Gyaakye Quayson, breached the provisions of the constitution with regard to dual citizenship.

Source: GhArticles.com 

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Ghana Politics

Government Expected To Borrow Up To ¢3.78bn In First Quarter Of 2022

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Government Expected To Borrow Up To ¢3.78bn In First Quarter Of 2022
Looks like Government will borrow ¢3.78 billion in the first quarter of this year to finance part of the budget, its Issuance Calendar has revealed.

For the first three months of 2022, government plans to issue a gross amount of ¢24.5 billion, of which ¢20.7 billion is to rollover maturities.

This indicates that the government’s debt level is not going to reduce anytime soon.

As usual, most of the funds to be mobilised will come from the 91-day Treasury bills, a move that has helped reduce foreign debt but rather crowded out the private sector from access to financing on the domestic market.

According to the data, the government will borrow as much as ¢11.3 billion of the 91-day T-bills during the period, higher than the previous quarter.

It will be followed by the 182-day T-Bills in which a total of ¢3 billion will be mobilised. Then, finally, the biggest of ¢1.6 billion will be issued in March 2022.

¢2.15 billion will, however, be mobilised from the 364-day bills. The majority of the funds are expected to be raised this month.

¢2 billion is also expected to be raised from a 6-year bond. This is expected to be done in January 2022.

Again, the government is expected to issue a 7-year and 10-year bond in February and March 2022, respectively. ¢1.2 billion and ¢800 million are expected to be borrowed from both resident and non-resident investors.

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Government said the calendar is developed based on the Net Domestic Financing provided in the 2022 Budget, the 2022 domestic maturities for the period, the 2022 Borrowing Plan and the Medium Term Debt Strategy.

Public debt stock hits ¢341.8bn as of September 2021

Ghana’s public debt stock hit ¢341.8 billion in September 2021, the November 2021 Bank of Ghana Summary of Economic and Financial Data revealed.

This was equivalent to 77.8% of Gross Domestic Product (GDP).

Between July and September 2021, ¢5.9 billion fresh loans were added to the total debt. The surge in debt came largely from the domestic debt and due to the slight depreciation of the cedi to the dollar.

However, the government had indicated in its Issuance Calendar for the final quarter of 2021 that it will borrow just about a billion cedis.

According to the data from the Bank of Ghana, the domestic debt went up to ¢178.1 billion in September 2021, up from ¢173.9 billion recorded in July 2021. This was equivalent to 40.5% of GDP.

 

 

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Source: GhArticles.com

 

 

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Ghana Showbiz

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson’s Son

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Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son
Ato, the son of the Minister of Fisheries and Aquaculture Development, Mavis Hawa Koomson and his fiancee, Jasmine have completed their marriagewith a white wedding.

The event which was full of glitz and glamour took place during the weekend.

The peach-white-themed event took place at the Teshie Methodist Church, Accra and swiftly followed with a grand reception.

The Vice President, Dr Bawumia and his wife, Samira together with other high-profiled personalities and well-wishers graced the occasion.

READ ALSO:   5 Things Men Wish Women Knew About S3x

This comes on the back of a colourful traditional wedding ceremony that took place on New Year’s eve at a private venue in Accra.

Take a look at the lavish photos below:

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

Here Are All The Beautiful Pictures You Missed At The Wedding Of Hawa Koomson's Son

 

 

 

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Source: GhArticles.com

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Ghana Politics

NPP Suspends Regional Communicator For Campaigning For Alan Kyerematen

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NPP Suspends Regional Communicator For Campaigning For Alan Kyerematen
The Northern Regional Communications Directorate of the New Patriotic Party (NPP) has suspended a member of its communication team indefinitely for allegedly campaigning for Alan Kyerematen.

Alhaji Ibrahim Kaleem has been accused of publicly projecting the Trade and Industry Minister as a suitable candidate to lead the governing party into the 2024 presidential elections.

A statement signed by the Regional Director of Communications, Mohammed Sheriff Ibrahim said Kaleem’s conduct violates the party’s constitution.

“As already noted in Chairman’s statement dated December 30, 2021, the unfortunate situation of peaking before time has the tendency to disrupt H.E. Nana Addo Dankwa Akufo-Addo’s governance and the peace within the New Patriotic Party in the region,” the statement said.

The statement warned that Kaleem ceases to represent the NPP as a communicator with immediate effect and the party will not be liable for any activity of his.

According to him, he attended an event organised every Tuesday by ‘Friends of Alan’ to espouse the trade minister’s achievement but he did not engage in any campaign activity.

“It’s an absolute lie. It’s not true. The programme was organised by ‘Friends of Alan’ and I happen to go there every Tuesday and it’s not about campaigning.

“It’s talking about Alan’s Ministry, what he has done, the factories and other things that he has done so it’s an absolute lie,” Alhaji Ibrahim Kaleem said.

Below is the suspension letter:

NPP Suspends Regional Communicator For Campaigning For Alan Kyerematen

 

 

 

 

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