Author: charles Akor

The Ghanaian cedi has experienced significant depreciation under the New Patriotic Party (NPP) government, led by President Nana Akufo-Addo, which has been in power since 2017. The decline of the cedi has been attributed to a variety of factors, both domestic and international, that have exacerbated Ghana’s economic challenges. Key Factors Contributing to the Cedi’s Decline High Public Debt and Fiscal Deficits: Ghana’s public debt has increased substantially over recent years, reaching over 70% of its GDP. This high debt burden has increased debt servicing costs and eroded investor confidence. As debt grows, the government relies on more borrowing, leading…

The Bank of Ghana (BoG) has imposed a one-month suspension on Taptap Send’s remittance services with commercial banks, Dedicated Electronic Money Issuers (DEMIs), and Enhanced Payment Service Providers (EPSPs) in Ghana, effective November 8, 2024. This suspension follows regulatory breaches tied to a Cedi remittance wallet operated by Taptap Send. In its statement, BoG cites a violation of Section 3(1) of Ghana’s Foreign Exchange Act, 2006 (Act 723), which mandates that entities conducting foreign exchange transactions must hold a proper license. Additionally, Taptap Send allegedly failed to adhere to provisions in the Updated Guidelines for Inward Remittance Services, which outline…

Ghana’s multiparty system allows for the formation of various political parties, which is essential for a diverse and representative democracy. However, while this system theoretically provides room for multiple voices, in practice, smaller parties face significant barriers that limit their influence and visibility, reinforcing a two-party dominance by the New Patriotic Party (NPP) and the National Democratic Congress (NDC). Here are some key challenges: 1. Funding and Resource Disparities Limited Financial Support: The NPP and NDC benefit from more substantial financial support, including both domestic and international funding sources. They are better positioned to fund large-scale campaigns, advertisements, and organizational…

Ghana’s Elections: Ethnic-based political loyalties|| Ghana’s elections are celebrated for establishing a stable democratic framework in West Africa. The electoral process is marked by high voter turnout, peaceful power transitions, and the independent role of the Electoral Commission (EC). These elements have helped position Ghana as a leader in democratic practices on the continent. However, challenges persist. Political violence, particularly around elections, remains a concern, though it is often isolated. Issues like vote-buying, ethnic-based political loyalties, and pressures on the media also undermine the integrity of the process. While the political landscape is mainly dominated by two parties (the New…

The way we elect our president in the United States is pretty unique. It involves both the popular vote and something called the Electoral College. Here’s a simple breakdown of how it all works: 1. Primary Elections and Caucuses – Each political party has primary elections or caucuses in every state. During these events, party members (and sometimes independents) vote for the person they want to be president. – The goal of these primaries and caucuses is to choose delegates who promise to support specific candidates at the party’s national convention. – Some states use a primary election (like a…

President’s Reflection President Nana Addo Dankwa Akufo-Addo is wrapping up his second term as President of Ghana, and he wants to thank the people of Ghana for trusting him with the country’s top job for two terms. Challenges and Accomplishments During his time in office, President Akufo-Addo has faced many challenges and celebrated numerous accomplishments. He is proud of the progress Ghana has made under his leadership, highlighting the importance of unity and working together to move the nation forward. Perseverance Pays Off President Akufo-Addo’s journey to the presidency was not easy. After two tough elections in 2008 and 2012,…

Continuation of Free SHS Policy John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), wants everyone to know that the Free Senior High School (Free SHS) policy will keep going if he becomes president again. He promises to make sure there is enough money to support the program. Addressing Concerns At a meeting with Christian leaders in Kumasi, Mahama talked about the concerns some people have about the Free SHS policy. He said that rumours about him cancelling the program if he wins the election are just tricks to confuse people. Commitment to Funding Mahama believes that Free…

The top 10 most valuable global brands in 2024 are super popular and are expected to stay awesome in 2025. These brands are all about tech, consumer stuff, and online shopping. They are ranked based on how much people love them, how much they are growing, and how much they influence the world. 1. Apple Apple is the coolest brand ever! It’s worth over $1 trillion and is all about making awesome products like iPhones and MacBooks. They use AI and make sure everything works together perfectly. 2. Google Google is all about search and ads. They have YouTube and…

Guess what, guys? Dr. Mahamudu Bawumia, the leader of the New Patriotic Party (NPP), has some exciting news to share! He just announced that starting December 1, 2024, kidney dialysis will be free for all patients under the National Health Insurance Scheme (NHIS). How cool is that? Before making this big announcement, there was a pilot programme that offered free kidney dialysis for patients who were 60 years old and above, as well as those who were under 18. This pilot programme was a success, and now it’s time to expand it to help even more people. Dr Bawumia shared…