Author: Vesta Daily

Majority Chief Whip Clarifies Role in Vetting Chaos: “I Aimed to Restore Order” Introduction: Addressing the Vetting Chaos Allegations Majority Chief Whip Roackson-Nelson Dafeamekpor has responded to allegations of his involvement in a physical altercation during the recent vetting chaos in Parliament. He clarified that his actions were focused on restoring order, not engaging in a fight. This article explores Dafeamekpor’s testimony, the context of the incident, and the broader implications for parliamentary proceedings. What Happened During the Vetting Chaos? The incident occurred on Thursday, January 30, 2025, during a heated parliamentary session. Allegations surfaced that Dafeamekpor had engaged in…

Ghana’s Petroleum Revenue: A Sharp Decline in 2024 Amid Record Annual Earnings A Mixed Year for Ghana’s Petroleum Revenue Ghana’s petroleum sector experienced a rollercoaster year in 2024. While the second half of the year saw a sharp 62.63% decline in domestic petroleum revenue—dropping to US517 million fromUS840.77 million—the annual revenue reached a record-breaking US$1.3 trillion. This marked the highest earnings since oil production began in 2011, according to the Bank of Ghana’s (BoG) Petroleum Funds Report. This article explores the factors behind this decline, the sources of revenue, and the implications for Ghana’s economy. Key Revenue Sources in 2024 The…

Tinubu’s ECOWAS Leadership and Its Impact on Ghana’s Economy Introduction: tinubu’s Hardline Stance on the Niger Coup President Bola Tinubu’s firm stance against the coup leaders in Niger, advocating for military intervention to restore constitutional order, marked a pivotal moment in ECOWAS’s regional politics. His approach, which included threats of invasion, sparked significant backlash and resistance from member states. This article delves into the consequences of Tinubu’s leadership, the withdrawal of Niger, Mali, and Burkina Faso from ECOWAS, and the economic implications for Ghana. Tinubu’s Appointment as ECOWAS Chair: A Premature Decision? David Ofosu-Dorte, a prominent legal and policy expert,…

How Ghana’s 24-Hour Economy Policy Can Transform Productivity and Economic Growth Introduction: A Bold Vision for Ghana’s Economic Transformation David Ofosu-Dorte, Senior Partner at AB & David Africa, has emphasized the potential of the Mahama administration’s 24-hour economy policy to address Ghana’s persistent productivity challenges. Speaking on the Citi Breakfast Show, Ofosu-Dorte outlined how this policy could catalyze economic growth if implemented strategically. This article explores the key insights from his discussion, the potential benefits of a 24-hour economy, and the steps needed to ensure its success. What is the 24-Hour Economy Policy? The 24-hour economy policy is a strategic…

IMF and Ghana Begin High-Stakes Talks on 2025 Budget The International Monetary Fund (IMF) is set to commence crucial discussions with the Ghanaian government this week as the country finalizes its 2025 budget, scheduled for presentation in March. These engagements come at a critical juncture, with Ghana seeking to eliminate key tax lines while managing a growing energy sector debt. Major Tax Cuts Under Consideration A significant part of the discussions will focus on the government’s plan to scrap several controversial tax policies, including: E-Levy – A tax on electronic transactions that sparked widespread public resistance. Betting Tax – A…

NDC Urges Vigilance in Ablekuma North: Protecting Democracy and Votes The National Democratic Congress (NDC) has called on its supporters in the Ablekuma North Constituency to remain vigilant and resolute in safeguarding their votes. Amos Blessing Amorse, the Greater Accra Regional Youth Organizer of the NDC, emphasized the need for party members to view the opposition New Patriotic Party (NPP) as political adversaries, not friends, in the fight to protect the integrity of the parliamentary election results. A Call for Vigilance and Self-Defense Amos Blessing Amorse addressed NDC supporters during a vigil in Ablekuma North on February 9, urging them…

President Mahama’s Assurance: Ghana’s Path to Economic Recovery In a powerful address at the Chinese Lantern Festival Gala, President John Dramani Mahama reassured Ghanaians of the nation’s commitment to overcoming its current economic challenges. Speaking at the University of Ghana Sports Stadium on February 9, he emphasized proactive measures, international partnerships, and the enduring Ghana-China relationship as key pillars for stability and growth. Ghana’s Commitment to Economic Stability President Mahama acknowledged Ghana’s economic difficulties but remained optimistic about the future. He highlighted the government’s strategic efforts to restore stability and emphasized the importance of resilience and unity in navigating these…

JDM Manifesto Pledges: A Testament to Speed and Effective Governance I am genuinely impressed by the swift implementation of the JDM manifesto pledges. Within a short period, the administration has demonstrated a commitment to delivering on its promises, setting a new standard for governance. Here’s a breakdown of the progress so far and what’s planned for the week ahead. Progress So Far: JDM’s Swift Action on Key Pledges 1. Constitutional Review Committee Established The establishment of the Constitutional Review Committee marks a significant step toward addressing long-standing governance challenges. This move signals a commitment to inclusivity and reform, ensuring that…

Finali Limited Clarifies Samuel Okudzeto Ablakwa’s Residential Status Finali Limited, the landlord of Ghana’s Minister of Foreign Affairs, Samuel Okudzeto Ablakwa, has clarified the terms of his residential status agreement. This follows a formal request from Ablakwa to confirm his tenancy at Plot No. 565, No. 1 Wilshire Boulevard, Airport Hills. Background: Ablakwa’s Request for Clarification The request was prompted by the Appointments Committee of Parliament, which required Ablakwa to provide details about his residential status, occupancy, and property ownership. In a letter to Finali Limited dated Monday, February 3, Ablakwa emphasized his commitment to accountability, despite objections from the…

Commander Sabina Dennison Takes Helm as New CO of Ghana Navy Supply Base The Ghana Navy Supply Base (GNSB) in Takoradi has officially inducted Commander Sabina Dennison as its new Commanding Officer (CO). The ceremony marked the transition of leadership from outgoing Commander Prosper Cudjoe Korto, who has been reassigned as the Command Supply Officer at the Western Naval Command. Outgoing Commander Praises Team, Encourages Success In his farewell address, Commander Korto expressed gratitude for the opportunity to serve and highlighted the dedication of the unit’s personnel. He urged them to extend the same commitment to the new CO. “I…