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Everton survive relegation, Leeds, Leicester relegated

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With a 1-0 win over Bournemouth on Sunday at the Goodison Park Stadium, Everton escaped relegation on the penultimate day of the Premier League.

As the Toffees battled out the game’s last minutes with their hopes of making the Premier League on the line, Abdoulaye Doucoure scored the game-winning goal.

Sean Dyche’s players knew they needed to win at Goodison Park on Sunday in order to save their status in the Premier League, but the apprehensive hosts struggled to outplay their adversary in a tight first half.

The roof of the storied old stadium was raised in the 57th minute when Doucoure stepped up with what turned out to be the decisive winner as the crowd’s patience was wearing thin and other results was not going their way.

Even though there were many times for the home crowd to be concerned about late on, Everton managed to hang on to complete the season in 17th place, two points ahead of Leicester City in 18th.

Leicester and Leeds United, who took the heaviest hit from relegation, will compete in the EFL Championship in 2019. Only four teams in the English top flight—including Leicester, the 2015–16 Premier League champion—have been promoted, league champions, and subsequently relegated all within a 10-year span.

The Foxes took the lead in the 34th minute thanks to a goal from Barnes, and then added a second through a header from Wout Faes in the 62nd, but by that time the audience had realized that Everton had taken the lead, so the celebrations were muted.

West Ham’s Pablo Fornals scored a goal in the 79th minute, but Everton’s victory rendered the outcome irrelevant, and the Leicester supporters applauded and wept at the final whistle.

Tottenham Hotspur defeated Leeds 1-4 at Elland Road, sending Leeds out of the league as a result. Harry Kane scored twice for the visitors. After spending the previous three seasons in the top division, it is returning to the Championship.

Spurs, which finished eighth and missed out on a spot in the UEFA Conference League, also had goals from Pedro Porro and Lucas Moura. Leeds received a consolation from Jack Harrison.

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Companies fleeing Ghana due to economic mismanagement under Akufo-Addo – Mahama

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The presidential candidate of the opposition National Democratic Congress (NDC), John Dramani Mahama, says many companies in Ghana are relocating to neighbouring countries due to the worsening economic situation under the Akufo-Addo-led government.

He explained that the current economic climate is stifling business operations, pushing many companies to seek better opportunities in neighboring nations.

Mr Mahama further expressed concern that the youth no longer see a promising future in Ghana because of what he described as the government’s mismanagement of the economy.

Speaking during his meeting with the clergy in Accra on Tuesday, October 1, 2024, the former President emphasised the urgent need to rescue the nation from its current economic challenges, pledging that his leadership would manage the country’s resources efficiently.

Mr. Mahama also vowed to work tirelessly with his team to restore the economy for the benefit of all Ghanaians.

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T-bills auction: Government records marginal oversubscription; pays slightly more for 91-day bill

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For the first time in 10 weeks, the government recorded an oversubscription of its treasury bills sale.

However, it paid a higher price for the 91-day bill which it received bids worth GH¢4.689 billion before achieving its target. 

According to auction results from the Bank of Ghana, the government got GH¢5.529 billion from all the bids tendered, about 2.40% more than the target.ed amount

All the bids were accordingly accepted.

The 91-day bill received the bulk of the bids of GH¢4.689 billion, about 84% of the total bids.

About GH¢594 million of the bids came from the 182-day bill, whilst GH¢245.74 million were made up of the 364-day bills.

Meanwhile, interest rates were mixed across the yield curve.

Whilst the yield on the 91-day bill went up marginally that of the 182-day and 364-day bills declined slightly.

The yield on the 91-day bill was 24.91%, higher than the 24.90% recorded a week ago.

The rate on the 182-day bill went down by 2.0 basis points to 26.78%, whereas that of the 364-day bill also declined to 28.07%, from the previous week’s 27.91%.

Inflation eased marginally last week. This could push interest rates down but albeit slowly.

SECURITIESBIDS TENDERED (GH¢)BIDS ACCEPTED (GH¢)
91 Day Bill4.689 billion4.689 billion
182 Day Bill594.37 million594.37 million
364 Day Bill245.74 million245.74 million
   
Total5.529 billion5.529 billion
Target5.400 billion 

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Ablakwa slams govt for failing to aid Akosombo Dam victims

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Samuel Okudzeto Ablakwa, Member of Parliament for North Tongu, has expressed outrage over the government’s prolonged failure to assist individuals affected by the Akosombo Dam spillage.

Despite the disaster occurring almost a year ago, many affected persons remain in camps without receiving compensation or necessary support to resume their lives.

Addressing a stakeholder public hearing, Ablakwa revealed that over 1,300 affected persons still live in camps, criticising the government’s approach as inadequate.

He highlighted the government’s inter-ministerial committee’s failure to engage with MPs from impacted areas, despite being established to address the issue.

“You heard the government set up a 30-member committee. We are the inter-ministerial committee. To be very honest with you, we are very disappointed that that committee has not met us even once. I mean, a lot of the members, we are in parliament with them. I would have thought that even if it’s parliament, we can meet here.”

“We can even meet at the cafeteria, even over coffee that, oh, share data with us or tell us what is happening. You know, not one meeting, not so, we don’t know if it was just maybe an announcement for the public for some cosmetic reason, but we don’t know.

The chiefs time without a number, they will even call us. You are in parliament with them. When is the committee coming? and we can’t provide answers because we are not, we haven’t been engaged.”

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