GENERAL NEWS
Ghana-IMF $3bn deal to be finalised before end of year
Ghana-IMF $3bn deal to be finalised before end of year
According to Kristalina Georgieva, the Managing Director of the International Monetary Fund, an agreement between Ghana and the IMF should be negotiated and signed before the year is through.According to Kristalina Georgieva, the Managing Director of the International Monetary Fund, an agreement between Ghana and the IMF should be negotiated and signed before the year is through.
The IMF chief assured President Akufo-Addo in a private discussion on Monday, September 5, 2022, outside the Africa Adaptation Summit in Rotterdam, Netherlands, “we recognize the urgency, and we will move as swiftly as possible.”The IMF chief assured President Akufo-Addo in a private discussion on Monday, September 5, 2022, outside the Africa Adaptation Summit in Rotterdam, Netherlands, “we recognize the urgency, and we will move as swiftly as possible.”
She referred to Ghana as a “superb country” and reaffirmed the Fund’s commitment to working with the government and the ministry of finance to secure a deal before the year’s end.
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The paper that will be provided by the Ghanaian side is “ready for the examination of the IMF,” according to President Akufo-Addo, who also told the IMF director that the Cabinet and the Ministry of Finance had put a lot of work into it.
However, Kristalina Georgieva has underlined that external shocks rather than domestic factors are to blame for Ghana’s current economic difficulties.
Speaking outside of the Fund’s meetings with the Ghanaian team, Kristalina Georgieva said that, in contrast to the opposition narrative that Ghana’s problems are the result of the Akufo-Addo administration’s poor policies, the IMF chief said that the causes are exogenous.Speaking outside of the Fund’s meetings with the Ghanaian team, Kristalina Georgieva said that, in contrast to the opposition narrative that Ghana’s problems are the result of the Akufo-Addo administration’s poor policies, the IMF chief said that the causes are exogenous.
“We have started very constructive discussions already and to the people of Ghana, like everybody on this planet, you have been hurt by exogenous shocks,” she said.
She discussed the unrelated variables that have exacerbated Ghana’s economic problems and caused the West African nation to request an IMF program.
“The epidemic came first, then Russia’s conflict in Ukraine. We must understand that this mix of shocks, rather than poor national policy, is to blame, and we must support Ghana as a result, she said.
She added that because Ghana is a member of the IMF and is “a powerful country with great people,” the Fund is obligated to provide aid to the nation.
Additionally, Madam Kristalina Georgieva said, “We must help Ghana since its strength strengthens its neighbors’ and strengthens the entire world.”
To help the country get through the harsh economic dilemma it is in as a result of the negative impacts of the fatal coronavirus outbreak and the ongoing conflict between Russia and Ukraine, Ghana is asking the IMF for US$3 billion.
In some instances, President Akufo-Addo has said, “We have decided to seek the collaboration of the International Monetary Fund (IMF) to repair, in the short term, our public finances, which have suffered significantly as a result, while we continue to work on the medium- to long-term structural changes that are at the core of our goal of creating a Ghana Beyond Aid, that is building a resilient, robust Ghanaian economy.”
Source: Jubilee House Communications Directorate
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In recent times, a significant health risk has emerged in Winneba due to inadequate sanitation practices. Winneba, a town and the capital of the Efutu Municipality in the Central Region of Ghana, is home to a population of 55,331 individuals who are grappling with the adverse effects of subpar sanitation conditions. The availability of safe drinking water and proper sanitation facilities have become a pressing concern. Presently, Winneba is contending with a marked decline in environmental sanitation, notably in areas like Akosua village, Eyipey, Sankor, and Sekegyano.
The poor state of sanitation in Winneba can be attributed to several underlying factors. Firstly, the absence of adequate sanitation facilities, including proper toilets and latrines, in both rural and urban areas is a matter of significant concern that requires immediate attention and resolution. The dearth of toilet facilities in Winneba has precipitated open defecation practices and contributed to substandard environmental hygiene. The consequences of open defecation, when combined with soil, lead to environmental pollution, water contamination, and, consequently, an elevated risk of diseases and fatalities.
Economically, the annual losses incurred due to poor sanitation amount to a range between 1% and 2.5% of the Gross Domestic Product (GDP). It is essential to recognize that the actual cost could potentially surpass these estimates, as they encompass only the losses linked to premature mortality, healthcare expenditures, diminished productivity, and time wasted due to the practice of open defecation.
Secondly, the improper disposal of solid waste has inflicted severe damage on the local environment. The littering of materials in the streets, lanes, and gutters has precipitated a sanitation crisis in Winneba. This habit of indiscriminate littering have adversely impacted the lives of the residents. The absence of effective waste disposal planning at the grassroots level, the inadequacy of policy implementation, and the lack of awareness are formidable obstacles to the improvement of sanitation standards.
Furthermore, the rapid surge in Winneba’s population has placed an overwhelming strain on the existing sanitation infrastructure. The increasing number of households and schools lack the necessary facilities to manage their sanitation needs. Consequently, both adults and children endure the consequences of inadequate sanitation provisions.
To address these challenges, a multifaceted approach is imperative. Initiatives must be launched to stimulate the demand for sanitation services. This entails the implementation of measures by those in authority to employ individuals tasked with cleaning the environment to foster a healthy and hygienic sanitation ecosystem. Additionally, the adoption of pit latrines, where human waste is collected in pits beneath toilets and left to decompose, along with the utilization of bio-toilets or waterless toilets, offers sustainable solutions that conserve water resources while advancing sanitation objectives.
Moreover, the provision of strategically placed dustbins in various towns and beaches, such as Eyipey, Sekegyano, Akosua Village, Sankor, Sir Charles Beach, Royal Beach, and Warabeba Beach, is crucial for effective waste management.
In conclusion, the promotion of sound sanitation behavior is paramount to ensuring the well-being of Winneba’s residents. Nevertheless, it is essential to emphasize the importance of consistently practicing good sanitation principles and policies to effect lasting change and safeguard public health.
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GENERAL NEWS
The family of Kwadwo Opoku Boateng Wishes To Say Thank You To The General Public, Friends,Family And All Sympathisers
The family, wife, and children of the late Mr.Kwadwo Opoku Boateng extend their profound gratitude to chiefs of the Atonsu-Dompoase community, leadership, and membership of the Freeman Methodist Church, the NPP caucus, Rickens Construction Company, Friends and sympathizers who mourned with our noble family as they laid their beloved son, brother, husband, and father to rest.
“If truly the good deeds of men are to be judged by their deeds and the love showed them during their last days, then the enormous love and emotions showed by you all over the weekend as we laid Mr.Kwadwo Opoku Boateng to a peaceful rest is priceless”.
“We appreciate you all and by this medium express our sincere admiration and gratitude for your love, donations, presence, and words of encouragement. May the good lord bless you all bountifully and replace whatever resource you used at our expense”.
God bless you all
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Poor Sanitation In Winneba Calls For Major Concern
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