Connect with us

Business

E-Levy was signed into law while it was still in court – Prof. Gatsi to Akufo Addo

Published

on

Professor John Gatsi, Dean of the University of Cape Coast Business School, has criticised the position of President Akufo-Addo to defer assenting to the anti-LGBTQ+ bill after a Supreme Court ruling on the matter.

President Akufo-Addo, in his initial remarks following the passage of the Proper Human Sexual Rights and Ghanaian Family Values Bill by Parliament, noted that Ghanaians hold hands while awaiting the decision from the Supreme Court before “any action is taken”.

But Prof. Gatsi, speaking on TV3’s Ghana Tonight programme on March 4, questioned the basis of the President’s assertion because the bill is yet to become law, adding, “When E-levy [Electronic Transaction Service Levy] was sent to court, the President still went ahead to sign the E-levy bill into law”.

“What is so significant or strange about this bill that the bill has not even matured into law and some people are seeking some explanation to be provided by the Supreme Court about this bill?” he quizzed.

According to Prof. Gatsi, the country is not yet at the point of Supreme Court interpretation, stating, “We don’t have a law so to speak, because technically we have not completed the process”.

He also maintained that all the happenings following the passage of the bill are to ensure that the bill does not receive presidential assent to become law.

He stressed that there is a heavy dose of lobbying activity going on against the signing of the anti-LGBTQ+ bill.

“It sounds like there is a heavy dose of lobbying activities going on [in] these last minutes of the process. We knew that the constituents of the world that are not happy with the stand of Ghana on LGBTQ were very clear. All attempts were made to stop the process in parliament that didn’t happen”, he said, adding that the international community, having seen the signs of a unanimous decision to pass the bill in parliament, has occasioned “the upscale of lobbying activities across the board”.

“And now they are using our own finance ministry to blackmail Ghanaians to support the President not to sign the bill”, Prof. Gatsi added.

Meanwhile, the Finance Ministry has urged President Akufo-Addo not to assent to the anti-LGBTQ+ bill. The Ministry, in a statement, emphasised that Ghana could lose over US$3.8 billion in World Bank financing should the bill be enacted into law.

Some of the areas the Finance Ministry feared World Bank financing could be cut include the US$300 million First Ghana Resilient Recovery Development Policy Operation.

Another US$300 million on-going negotiation for the Second Ghana Resilient Recovery Development Policy Operation, and another US$250 million for the Ghana Financial Stability Fund.

Also, the finance ministry feared the disbursement of US$2.1 billion for ongoing projects and another US$900 million worth of projects would cease when the bill becomes law.

Business

Ghana to enjoy 5G internet services from September – Communications Minister

Published

on

Minister for Communications and Digitalisation, Ursula Owusu-Ekuful has confirmed that 5G network service will be active in Ghana starting September 2024.

Appearing as a guest on Peace FM’s Kokrokoo morning show on Wednesday, March 20, 2024, the minister was emphatic in her response when the host, Kwame Sefa Kayi questioned her on when the 5th generation of mobile network service will be available for consumers in Ghana.

“Ghana will get a 5G internet connectivity in September 2024,” she stressed.

5G succeeds previous generations of 1G, 2G, 3G and 4G. It represents the latest advancement in wireless technology, offering significantly faster data speeds, lower latency, and increased capacity compared to its predecessors.

Ghana currently runs on 4G which is considered slow and outdated in the face of current technological advancement.

The minister’s confirmation comes on the back of a recent cut in internet services in Ghana and some other West African states.

The incident according to the National Communications Authority (NCA) is a result of some seismic activities which led to a cut in undersea fibre optic cables delivering internet to West Africa.

According to the NCA, the issue will take not less than five weeks to fix. Meanwhile, service providers such as telecommunication networks have switched to alternate sources to give their customers more stable network.

Continue Reading

Business

We need to eat locally produced commodities – Chrysantus Akem –

Published

on

Programme Coordinator of Technology for African Agricultural Transformation (TAAT), Chrysantus Akem, has said it is about time Africa consumes food commodities that are locally manufactured.

According to him, towing this path will cut the huge sum of money that goes into the importation of foodstuffs, including rice and poultry, among others.

Speaking at the launch of TAAT Phase II in Accra on Wednesday, March 20, 2024, Mr Akem noted that about US$35 billion is spent every year on the importation of food.

“Eat what you produce and produce what you eat because right now, it is estimated that we are spending about US$35 billion every year importing foods. This has to stop. We have to make sure that these amounts are diverted to other sections of the economy instead of importing food like rice that we can grow,” he said.

Citing Ghana as an example, Chrysantus Akem stated that the government can focus on soybeans as oil can be extracted from this essential commodity for both local use and exportation.

He further pointed out that the TAAT Phase II focuses on five commodities including maize, soybeans, vegetables, and fish.

“Maize is a commodity we know is consumed across the country. The key thing that we’re bringing are high-yielding varieties that can yield 5 to 6 tonnes per hectare compared to the 1 to 2 tonnes per hectare that the varieties are yielding. In addition to that, we also want to encourage the consumption of pro-vitamin A meals so that we can move from food security to nutrition security. That’s the first commodity,” the TAAT Coordinator stated.

He added that, “the next one that we’re bringing in is soybean. Ghana grows a lot of soybeans. We want to focus on soybean to extract oil… The other commodity is vegetables. Vegetables are the new ones we are bringing in… and fish.”

The launch of the Phase II of the Technology for African Agricultural Transformation programme gives researchers, policymakers, farmers, donor partners, and all stakeholders in the agricultural value chain the opportunity to move closer towards achieving greater agricultural productivity and food security in the sub-region.

The initiative aims at supporting countries in the region to improve crop, livestock, and fish productivity.

TAAT Phase II is expected to expand access to adaptive and proven technologies to more than 40 million smallholder farmers across Africa by 2025, as well as, generate an additional 120 million tonnes of food.

Continue Reading

Business

Government committed to paying GH¢6.5bn DACF arrears – Osei-Asare assures

Published

on

Outgoing Deputy Finance Minister, Abena Osei-Asare, has acknowledged that the government currently owed arrears due to be paid into the District Assemblies Common Fund (DACF).

She pledged that the government’s commitment to resolving the outstanding debt.

Benjamin Kpodo, Ho Central Member of Parliament, raised the issue of non-payment of statutory allocations into the fund, alleging that a total amount of GH¢6.5 billion was yet to be transmitted.

The MP, who is also the Deputy Ranking Member of the Local Government Committee of Parliament, highlighted that the Ministry of Finance’s delay in releasing funds, in violation of constitutional mandates for quarterly disbursements, has left the Common Fund significantly underfunded.

Speaking in Parliament during discussions on the proposed DACF distribution formula for 2024, Mr Kpodo stressed the urgent need for the government to fulfil its financial obligations to local authorities.

“The Ministry of Finance has been violating the Constitution. Article 252(2) clearly states that the disbursement should be done on a quarterly basis, which they were not doing. As we speak now, the Common Fund is being owed some GH¢3.5 billion over the past two years”, Mr Kpodo said.

“For 2023, the debt has again risen by another GH¢3 billion. So, I don’t know where the Ministry of Finance is keeping the money meant for the District Assemblies Common Fund,” he added.

Continue Reading

Trending