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Ghana minister ‘sorry’ for economic crisis, fends off criticism – Al Jazeera English

Finance minister Kenneth Ofori-Atta faced an enquiry from lawmakers amid Ghana’s worst economic crisis in a generation.Ghana’s finance minister said on Friday that he was “truly sorry” for the country’s economic hardship but defended himself against accusations that he is unfit for the job.
Minister Kenneth Ofori-Atta faced an inquiry from lawmakers for his financial management, as the government came under increasing pressure and President Nana Akufo-Addo faced growing criticism for what has become Ghana’s worst economic crisis in a generation.
In the middle of the inquiry and crisis, the government has also been negotiating up to $3bn in credit from the International Monetary Fund (IMF) to help shore up public finances.
A top cocoa and gold producer, Ghana also has oil and gas reserves, but its debt service payments are high and like the rest of the continent it has been hit hard by fallout from the global pandemic and the Ukraine war.
The Ghanaian cedi has plummeted more than 40 percent this year, straining importers of both raw and processed materials. Consumer inflation hit a 21-year high of 40.4 percent in October on the back of soaring import costs.
Against this backdrop, Ofori-Atta has faced censure with lawmakers from both major political parties calling for his removal from office. Last week, parliament set up a committee to investigate opposition allegations that he has been benefitting from Ghana’s economic woes through illegal payments and unethical contracts, among other charges.
In his first public comments on the matter, the embattled minister said he was concerned about the West African country’s woes, but added that the accusations were unfounded.
“I acknowledge our economy is facing difficulties and the people of Ghana are enduring hardships,” he said.
“As the person President Akufo-Addo has put in charge of this economy, I feel the pain personally, professionally, and in my soul.”
He said that by the end of the hearing, the “unfounded doubts about my motives, my competence and my character would have been dispelled”.
He also denied claims that he had misreported economic data to parliament and that his policies were to blame for the cedi’s steep decline. “The idea that the depreciation of the cedi is a result of fiscal risk and recklessness is not supported by the available facts,” said Ofori-Atta.
The parliamentary committee will probe the allegations against the minister before deciding to present a motion of censure to the parliament, which is equally split between the governing NPP and the opposition NDC party. The president has the final word on whether to dismiss the minister.
Earlier this week, Akufo-Addo fired the government’s junior finance minister, Charles Adu Boahen, over corruption allegations after he appeared in an expose. Earlier this month, protesters also called for the president’s resignation amid spiralling food and fuel costs.

Finance minister Kenneth Ofori-Atta faced an enquiry from lawmakers amid Ghana’s worst economic crisis in a generation.

Ghana’s finance minister said on Friday that he was “truly sorry” for the country’s economic hardship but defended himself against accusations that he is unfit for the job.

Minister Kenneth Ofori-Atta faced an inquiry from lawmakers for his financial management, as the government came under increasing pressure and President Nana Akufo-Addo faced growing criticism for what has become Ghana’s worst economic crisis in a generation.

In the middle of the inquiry and crisis, the government has also been negotiating up to $3bn in credit from the International Monetary Fund (IMF) to help shore up public finances.

A top cocoa and gold producer, Ghana also has oil and gas reserves, but its debt service payments are high and like the rest of the continent it has been hit hard by fallout from the global pandemic and the Ukraine war.

The Ghanaian cedi has plummeted more than 40 percent this year, straining importers of both raw and processed materials. Consumer inflation hit a 21-year high of 40.4 percent in October on the back of soaring import costs.

Against this backdrop, Ofori-Atta has faced censure with lawmakers from both major political parties calling for his removal from office. Last week, parliament set up a committee to investigate opposition allegations that he has been benefitting from Ghana’s economic woes through illegal payments and unethical contracts, among other charges.

In his first public comments on the matter, the embattled minister said he was concerned about the West African country’s woes, but added that the accusations were unfounded.

“I acknowledge our economy is facing difficulties and the people of Ghana are enduring hardships,” he said.

“As the person President Akufo-Addo has put in charge of this economy, I feel the pain personally, professionally, and in my soul.”

He said that by the end of the hearing, the “unfounded doubts about my motives, my competence and my character would have been dispelled”.

He also denied claims that he had misreported economic data to parliament and that his policies were to blame for the cedi’s steep decline. “The idea that the depreciation of the cedi is a result of fiscal risk and recklessness is not supported by the available facts,” said Ofori-Atta.

The parliamentary committee will probe the allegations against the minister before deciding to present a motion of censure to the parliament, which is equally split between the governing NPP and the opposition NDC party. The president has the final word on whether to dismiss the minister.

Earlier this week, Akufo-Addo fired the government’s junior finance minister, Charles Adu Boahen, over corruption allegations after he appeared in an expose. Earlier this month, protesters also called for the president’s resignation amid spiralling food and fuel costs.

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Southern Africa

2 Zinara officials bypass system, install own ‘gates’ – The Herald

2 Zinara officials bypass system, install own ‘gates’

Yeukai Karengezeka Court Correspondent
TWO Zimbabwe National Road Administration (Zinara) revenue clerks yesterday appeared in court for allegedly installing a boom override system illegally and collecting money for their personal use.
Tariro Mhuka (26) and Henderson Msowa (39) appeared before Harare regional magistrate Mrs Marehwanazvo Gofa facing fraud charges.
They were granted US$200 bail each and remanded to November 30.
Zinara is the complainant, represented by its risk and loss control manager, Mr Tawanda Marenga.
The two were operating from Zinara’s Eskbank Tollgate along the Harare-Bindura highway.
Some of their duties included collection of revenue from the motoring public and remitting the collected revenue to the senior revenue clerk at the close of business.
Prosecuting, Mr Pardon Dziva alleged that on July 18, the two connived to steal from Zinara using a 10-10 Technologies (Private) Limited information system.
The company, 10-10 Technologies, is the system provider for Zinara.
Mhuka and Msowa were allegedly working together with other Zinara employees, who have since been arrested and arraigned before the court.
Others are still at large.
It is understood that after the installation of the illegal system that would bypass the normal operating system, the suspects collectively received tolling funds from the motoring public, purporting that the funds would be channelled to Zinara, when in fact they would convert the funds to their own use.
The court heard on July 20, the Zinara risk and loss control department discovered the offence through CCTV footage, prompting them to report the matter to the police.
Investigations were instituted and it was established that the boom override installations were fitted without the knowledge and consent of Zinara and also without the knowledge of 10-10 Technologies.
On July 26, a team from CID Commercial Crimes went to 10-10 Technologies and they confirmed that they had not authorised the installation of the boom override system at the Eskbank Tollgate.
The State also has CCTV footage showing Mhuka and Msowa committing the crime.
Zinara is yet to establish the total prejudice, and so far, nothing has been recovered.

2 Zinara officials bypass system, install own ‘gates’


Yeukai Karengezeka Court Correspondent

TWO Zimbabwe National Road Administration (Zinara) revenue clerks yesterday appeared in court for allegedly installing a boom override system illegally and collecting money for their personal use.

Tariro Mhuka (26) and Henderson Msowa (39) appeared before Harare regional magistrate Mrs Marehwanazvo Gofa facing fraud charges.

They were granted US$200 bail each and remanded to November 30.

Zinara is the complainant, represented by its risk and loss control manager, Mr Tawanda Marenga.

The two were operating from Zinara’s Eskbank Tollgate along the Harare-Bindura highway.

Some of their duties included collection of revenue from the motoring public and remitting the collected revenue to the senior revenue clerk at the close of business.

Prosecuting, Mr Pardon Dziva alleged that on July 18, the two connived to steal from Zinara using a 10-10 Technologies (Private) Limited information system.

The company, 10-10 Technologies, is the system provider for Zinara.

Mhuka and Msowa were allegedly working together with other Zinara employees, who have since been arrested and arraigned before the court.

Others are still at large.

It is understood that after the installation of the illegal system that would bypass the normal operating system, the suspects collectively received tolling funds from the motoring public, purporting that the funds would be channelled to Zinara, when in fact they would convert the funds to their own use.

The court heard on July 20, the Zinara risk and loss control department discovered the offence through CCTV footage, prompting them to report the matter to the police.

Investigations were instituted and it was established that the boom override installations were fitted without the knowledge and consent of Zinara and also without the knowledge of 10-10 Technologies.

On July 26, a team from CID Commercial Crimes went to 10-10 Technologies and they confirmed that they had not authorised the installation of the boom override system at the Eskbank Tollgate.

The State also has CCTV footage showing Mhuka and Msowa committing the crime.

Zinara is yet to establish the total prejudice, and so far, nothing has been recovered.

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Southern Africa

Angola: Country not facing energy crisis due to its oil reserves … – Macau Business

The association of companies providing services to the Angolan oil industry (AECIPA) on Wednesday rejected the idea that Angola is experiencing an energy crisis, saying that the country has “many reserves and infrastructures that allow for efficient production”.

“At Angolan level we are not in an energy crisis, we are in a process of transition, our oil industry is in a certain way mature, there are almost 50 years of oil production,” said the president of AECIPA, Bráulio de Brito.

According to the official, who was speaking at the 3rd Environment and Development Conference, Angola is producing at the limit of its capacity and has “a lot of oil reserves”.

“Our infrastructures are such that our daily production can be higher than we see today, there is work to be done to make this happen, so we will continue and the operators have the strength to make this happen. We, the service providers, are here to help,” he emphasised.

For the chairman of AECIPA, who was one of the speakers at the round table on the “Energy Crisis, the Extractive Sector and the Sustainable Development Goals (SDGs)”, there is still a way to go, but the country does not have an energy crisis as such, he insisted.

He argued that Angola needs to produce more oil efficiently and cleanly, so that “really,” he noted, the benefits of the revenues generated can be channelled into the country’s social development.

“And so that these revenues can be transformed so that Angola can be independent of oil, so that oil is another pillar of our economy and not the pillar of our economy,” he pointed out.

The chairman of AECIPA also pointed to the need for the country to continue to maintain the oil industry as the “engine for the transition to economic diversification,” admitting, however, that Angola “is not yet ready to live without oil.

“What we have to do is continue to reinforce all the good that the oil industry offers in terms of financial income, in terms of being able to produce with less impact on the environment, with very strong ecological development,” he emphasised.

The leader of the association of service providers in the oil sector in Angola also stressed the importance of the sector being aligned with the SDGs, so that production is more efficient and has less impact on the environment.

Asked during the debate about the participation of AECIPA members in the sector’s technological transformation, Bráulio de Brito said that the sector’s value chain is supported by service providers and they are the driving force behind the technological transition.

The operators “have their role to play, but on the other side of the value chain, we are the ones who carry out the service and we, the service providers, end up being the driving force behind the transition to technological transformation,” he argued.

“Because we’re the ones who really have to use these technologies so that operators can operate and coordinate production processes efficiently with less damage to the environment,” he concluded.

“The Impact of the SDGs on Business” was the motto of the 3rd Environment and Development Conference held today in Luanda by Economia & Mercado magazine.

Angola is the second largest oil producer in sub-Saharan Africa after Nigeria.

The association of companies providing services to the Angolan oil industry (AECIPA) on Wednesday rejected the idea that Angola is experiencing an energy crisis, saying that the country has “many reserves and infrastructures that allow for efficient production”.

“At Angolan level we are not in an energy crisis, we are in a process of transition, our oil industry is in a certain way mature, there are almost 50 years of oil production,” said the president of AECIPA, Bráulio de Brito.

According to the official, who was speaking at the 3rd Environment and Development Conference, Angola is producing at the limit of its capacity and has “a lot of oil reserves”.

“Our infrastructures are such that our daily production can be higher than we see today, there is work to be done to make this happen, so we will continue and the operators have the strength to make this happen. We, the service providers, are here to help,” he emphasised.

For the chairman of AECIPA, who was one of the speakers at the round table on the “Energy Crisis, the Extractive Sector and the Sustainable Development Goals (SDGs)”, there is still a way to go, but the country does not have an energy crisis as such, he insisted.

He argued that Angola needs to produce more oil efficiently and cleanly, so that “really,” he noted, the benefits of the revenues generated can be channelled into the country’s social development.

“And so that these revenues can be transformed so that Angola can be independent of oil, so that oil is another pillar of our economy and not the pillar of our economy,” he pointed out.

The chairman of AECIPA also pointed to the need for the country to continue to maintain the oil industry as the “engine for the transition to economic diversification,” admitting, however, that Angola “is not yet ready to live without oil.

“What we have to do is continue to reinforce all the good that the oil industry offers in terms of financial income, in terms of being able to produce with less impact on the environment, with very strong ecological development,” he emphasised.

The leader of the association of service providers in the oil sector in Angola also stressed the importance of the sector being aligned with the SDGs, so that production is more efficient and has less impact on the environment.

Asked during the debate about the participation of AECIPA members in the sector’s technological transformation, Bráulio de Brito said that the sector’s value chain is supported by service providers and they are the driving force behind the technological transition.

The operators “have their role to play, but on the other side of the value chain, we are the ones who carry out the service and we, the service providers, end up being the driving force behind the transition to technological transformation,” he argued.

“Because we’re the ones who really have to use these technologies so that operators can operate and coordinate production processes efficiently with less damage to the environment,” he concluded.

“The Impact of the SDGs on Business” was the motto of the 3rd Environment and Development Conference held today in Luanda by Economia & Mercado magazine.

Angola is the second largest oil producer in sub-Saharan Africa after Nigeria.

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Southern Africa

Police traffic blitz nets 68 000 – The Herald

Police traffic blitz nets 68 000

Ivan Zhakata Herald Correspondent
THE ongoing operation “Tame the Traffic Jungle” by the police has so far seen the arrest of 68 020 motorists with almost a third of these being 21 453 drivers of mushikashika, the largest group arrested.
National police spokesperson Assistant Commissioner Paul Nyathi said the operation, initially scheduled to run for two weeks from September 12 to September 26 before it was extended indefinitely, had now seen 1 792 arrests on vehicles without route permits while 21 453 arrests have been made on illegal pirate taxis (mushika-shika).
A total of 397 people have been arrested for reckless driving while 4 881 were arrested for touting.  So far, 1 406 vehicles have been impounded for being on the roads with no registration plates, Assist Comm Nyathi said.
Motorists have since welcomed the ongoing joint operation launched to tame the traffic chaos.
The police are conducting the operation jointly with the Traffic Safety Council of Zimbabwe, Vehicle Inspectorate Department, city and town councils, Insurance Company of Zimbabwe, Zimbabwe National Road Administration and the Zimbabwe Revenue Authority.
The operation is targeting vehicles that do not have registration plates, do not have up to date Zinara licensing, have foreign fittings such as flood lights and improperly imported vehicles, had incorrect duty paid on import, are improperly marked, are public service vehicles loading and offloading passengers at undesignated places, pirate taxis and kombis, heavy vehicles criss-crossing within towns and cities in disregard of city by-laws causing congestion, undocumented and defective public service vehicles, motorists parking dangerously in the middle of roads to avoid paying parking fees in designated bays and pedestrians using undesignated crossing points on the roads.
“Lawlessness on the roads, especially in major cities has reached an alarming and unacceptable level. Some drivers cause chaos by driving against one way, oncoming traffic, through red robots and lane violation.
“Pirate taxis commonly known as mushika-shika and kombis have almost taken over the passenger service industry and are plying the roads with impunity.
“They recklessly drive through red robots (at traffic lights) controlled intersections. As a result of the chaos on the roads, innocent motorists are having a nightmare while driving in the urban set-ups,” read a police memo announcing the operation.

Police traffic blitz nets 68 000


Ivan Zhakata Herald Correspondent

THE ongoing operation “Tame the Traffic Jungle” by the police has so far seen the arrest of 68 020 motorists with almost a third of these being 21 453 drivers of mushikashika, the largest group arrested.

National police spokesperson Assistant Commissioner Paul Nyathi said the operation, initially scheduled to run for two weeks from September 12 to September 26 before it was extended indefinitely, had now seen 1 792 arrests on vehicles without route permits while 21 453 arrests have been made on illegal pirate taxis (mushika-shika).

A total of 397 people have been arrested for reckless driving while 4 881 were arrested for touting.  So far, 1 406 vehicles have been impounded for being on the roads with no registration plates, Assist Comm Nyathi said.

Motorists have since welcomed the ongoing joint operation launched to tame the traffic chaos.

The police are conducting the operation jointly with the Traffic Safety Council of Zimbabwe, Vehicle Inspectorate Department, city and town councils, Insurance Company of Zimbabwe, Zimbabwe National Road Administration and the Zimbabwe Revenue Authority.

The operation is targeting vehicles that do not have registration plates, do not have up to date Zinara licensing, have foreign fittings such as flood lights and improperly imported vehicles, had incorrect duty paid on import, are improperly marked, are public service vehicles loading and offloading passengers at undesignated places, pirate taxis and kombis, heavy vehicles criss-crossing within towns and cities in disregard of city by-laws causing congestion, undocumented and defective public service vehicles, motorists parking dangerously in the middle of roads to avoid paying parking fees in designated bays and pedestrians using undesignated crossing points on the roads.

“Lawlessness on the roads, especially in major cities has reached an alarming and unacceptable level. Some drivers cause chaos by driving against one way, oncoming traffic, through red robots and lane violation.

“Pirate taxis commonly known as mushika-shika and kombis have almost taken over the passenger service industry and are plying the roads with impunity.

“They recklessly drive through red robots (at traffic lights) controlled intersections. As a result of the chaos on the roads, innocent motorists are having a nightmare while driving in the urban set-ups,” read a police memo announcing the operation.

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