Friday, July 17, 2015

Ghana: Tight Monetary Policies Cause Cedi Rebound

Photo©Reuters
The decision by Ghana's central bank to inject $20 million daily into the foreign exchange market to shore up the local currency has since made an immediate impact with the cedi now on a rebound.

The cedi traded at around 4.4 cedis to the US dollar for most part of June, a situation that caused uncertainty on the foreign exchange market.
I will just advice speculators or those who want to take advantage of it [the cedi fall] to be careful
However, as at July 15 the local currency had recovered significantly with the interbank rate pegged at 3.31 to the US dollar after the Bank of Ghana increased the amount it injected into the economy to $20 million from $14 million.
The appreciation of the cedi by about 24 percent against the dollar over the past two weeks was linked to initiation of other "deliberate policies" by the central bank.
But some economists are not convinced the measures implemented by the central bank would be sustainable in the long run.
"There is something the country is giving up in order to have this. We are tightening liquidity, tightening monetary policy and the rest", an economist Godfred Bokpin said.
Tightening monetary policies would deny the private sector growth opportunities, he said.
However, after a Monetary Policy Committee meeting on Wednesday, the central bank said it intended to keep the cedi stable with the pumping of more foreign currency into the domestic market together with other monetary and fiscal measures.


"I will just advice speculators or those who want to take advantage of it [the cedi fall] to be careful, because last year the same thing happened and it's happening now", central bank governor, Dr Henry Kofi Wampah said.

There had been a deliberate policy; he said to limit the amount of cedis in circulation, which has resulted in some credit squeeze.
Meanwhile, despite of the appreciation of the local currency against the major trading currencies, particularly the US dollar, the annual inflation rate for June climbed to 17.1 per cent, from 16.9 per cent in the previous month, the government statistician announced on Wednesday.
The food and non-alcoholic beverages group recorded an inflation rate of 7.4 while the non-food group registered 23.6 per cent.
Transport alone in the non-food category recorded the highest rate of 25.5 per cent.
Economic analysts say the appreciation of the cedi ought to lead to a reduction in inflation.


Read the original article on Theafricareport.com : Ghana: Tight Monetary Policies Cause Cedi Rebound | West Africa
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Ghana: Christians rally against same-sex relationships


File Photo©Reuters
Ghana's Christian Council has denounced same-sex marriage, saying it is a mistake for countries to adopted and approve the practice.
The Christian umbrella group that unites some 15 churches in the West African nation wants the government to take a definite position on the issue and repel attempts by powerful countries that seek to foist, what they call, "gayism" on Ghana.
nations should respect the religious rights and values of nations
The council enjoined political leaders not to compromise on the country's cultural values and also urged Ghanaians to resist any temptation from any country or individual that tries to influence legalising same sex in Ghana.
Following the US's endorsement of same-sex marriage in June this year, many Ghanaians have expressed resentment at the practice, describing it as un-Biblical, un-Christian and, therefore, un-African.
Lesbian, gay, bisexual, and transgender persons in Ghana face legal challenges.
Male same-sex sexual acts are illegal in the country, although it is uncertain whether female same-sex sexual activity is legal.
General secretary of the Christian Council, Rev Kwabena Opuni-Frimpon noted that even though the practice has found its way into the legal books, Ghana should not compromise on its cultural values.
"God's principle for marriage, which is also in line with African cultural values is between a man and a woman," he told a church service.
"This is supposed to be the foundation for every family as prescribed by God.
"Therefore, for a man to marry a man, and a woman to marry a woman is very ungodly and unnatural," he said.
"This will ultimately lead to a weaker, chaotic and morally decayed nation."
"I think same-sex marriage is a mistake that must be corrected and not a practice that people with the right senses need to approve of," Rev Patrick Tuffour of the Apostolic Church Ghana told The Africa Report.
He argued that bigger nations who have accepted same-sex marriage might use it as bait to bilateral aid.
"Such nations should respect the religious rights and values of nations who have decided not to accept and legalise same sex marriages," he cautioned.
He urged the churches to offer counselling services support to individuals practicing homosexuality, noting that, people practicing same-sex relationships adopted it and could be changed through counselling.
A senior law lecturer at the University of Ghana, Moses Foh-Amoaning, warned churches they risk being dominated by homosexuals if the clergy failed to stage a blistering crusade against same-sex marriage in the country.
The dormant posture of the Ghanaian bishops, archbishops, pastors, ministers and the likes, he said, would see houses of God being ruled by homosexuals, which is a cardinal sin in Christianity.
A recent poll conducted by the Pew Research Center on Global Attitudes saw Ghana take the first position among countries that are hostile to homosexuality with Uganda and Pakistan in number 5 and 10 positions, respectively


Read the original article on Theafricareport.com : Ghana: Christians rally against same-sex relationships | West Africa
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Thursday, July 16, 2015

9 Real Disguises of the World’s Best Undercover Reporter

IMAGE CREDIT: 
JAMES MOLLISON
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by Joe Pompeo
Few people can tell you what Ghanaian super-sleuth reporter Anas Aremeyaw Anas looks like. “I’m sorry,” he apologized to an audience during a 2013 TED talk, speaking through a mask. “I cannot show you my face. If I do, the bad guys will come at me.” Those bad guys are numerous: For over a decade, the internationally-acclaimed journalist has made it his mission to expose all stripes of criminals, from seedy outlaws to crooked cops to rotten public servants. What’s more incredible is how he’s done it—with inventive ruses and elaborate disguises that make James Bond’s adventures seem snoozy by comparison. We’ve collected a few of his most memorable busts, along with tips on how he pulled them off, here.

1. A PEANUT HAWKER

After earning his degree from the Ghana Institute of Journalism, Anas landed a gig at The Crusading Guide newspaper in 1999. His first scoop stemmed from a simple question: If street hawking is illegal in the city of Accra, why was it so rampant along one of its busiest motorways? The answer lay in a popular peanut snack called Nkatie Burger. Anas posed as a hawker, hustling the treat to motorists stuck in traffic. In the process, he learned that cops were taking bribes from the hawkers. After seven days of reporting, he had his proof, and his story. At TED, he reflected on that first assignment. “I thought that I should do it in a different way,” he said, “so that it has maximum impact.” The statement more or less sums up his career.

2. A ROCK

Anas as a rock, courtesy of James Mollison
Of Anas’s many faces, there’s one in which he doesn’t have a face at all—just two small eyeholes cut into what looks like an enormous, crinkled paper bag. Silly? Maybe. But his impression of a giant rock is also effective: In 2010, Anas used the disguise near a border post at the Ghana-Côte d’Ivoire crossing to spy on trucks from the roadside. As it turned out, the trucks were smuggling cocoa beans across the border. Anas’s report helped the police build a rock-solid case.

3. A COP

Anas as a policeman, courtesy of James Mollison
Anas is known to collaborate with police (a method that would make his journalism controversial by American standards). He’s also been known to impersonate them. When he went after customs corruption at Ghana’s Port of Tema, he dressed in a dark blue uniform with pants tucked into combat boots, a walkie-talkie, and aviator sunglasses. Anas played the part perfectly, witnessing how customs officers were aiding the smugglers inside the nation’s leading seaport. The report led officials to recover $200 million in lost state funds.

4. A PARENT WITH A (FAKE) BABY

Anas' fake baby prop, courtesy of James Mollison
Some communities in Ghana believe that deformed or disabled children are possessed by evil spirits. The families of these “spirit children,” seek out “concoction men” to diagnose the so-called evil lurking within. In cases where the evil is “confirmed,” they brew poison, force feed it to the children, and kill them. Anas hired one such concoction man to kill a fictitious child. To assist with the reporting, one of Anas’s colleagues agreed to let him use her 18-month-old son as a stand-in. A concoction man examined the boy, and, at the last minute, Anas swapped the human baby out for a dummy. The simulacra was made by a London-based movie props company. It was so lifelike, the concoction man didn’t realize he was being handed a fleshy slab of silicone. The next thing on his hands? Cuffs.

5. AN ASSEMBLY LINE WORKER

One of Anas’s hits, in 2006, took him into a cookie factory in Accra, where he posed as an assembly line worker to expose the filthy conditions there. It was a stomach-turning assignment, and his signature hidden cameras caught it all. As a story in Africa’s ZAM magazine put it, Anas filmed “rats roaming freely in and around the food.” He also got shots of the cookie company using flour that was infested with maggots and termites. Most important, he got results: The factory was shut down.

6. AN OIL RIG WORKER

Sometime around the beginning of 2014, Anas got a tip from Interpol about missing Vietnamese women sold into sex trafficking. Enter John Sullivan, an American oil rig worker (who was actually Anas in disguise). Along with an Arab colleague masked as a Jordanian oil magnate, “Sullivan” sought services from the women. Once he got their pimps to offer them up, the police hiding nearby swooped in. Shortly thereafter, the Chinese nationals behind the prostitution ring were arrested.

7. A SHEIKH


Anas as a sheikh, courtesy of James Mollison

8. A WOMAN

Anas as a woman, courtesy of James Mollison

9. A HOMELESS MAN

Anas as a homeless man, courtesy of James Mollison
This story was excerpted from a longer story on Anas in the upcoming print edition ofmental_floss. Be sure to click here to subscribe!

Wednesday, July 15, 2015

Nationwide power crisis worsens







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Dr. Kwabena Donkor – Minister of Power


Ghana’s power crisis has worsened with the Ashanti region where only 50 megawatts of power is available for distribution, being the hardest hit.

Ghana's second largest city requires 200 megawatts of power.

The Electricity Company of Ghana (ECG) says 50 megawatts is only enough to power security installation in the region leaving an estimated 4.8 million residents without power.

Ashanti regional Public Relations Officer of the Electricity Company of Ghana, Erasmus Kyere Baidoo, told JoyNews there is a major generation gap of almost 600 megawatts of power nationwide.

A load-shedding timetable has been thrown completely out of gear with some citizens enjoying only 30 minutes of power in 24 hours in some areas in Accra, the national capital.

JoyNews has also learnt that some of the thermal units at Aboadze in the Western region have been shut down due to lack of fuel, exacerbating already bad energy situation.

'NPP gave Yvonne Nelson Gh¢5000 for 'dumsor' vigil'



Yvonne Nelson NiceBaah Acheamfour, a member of the opposition New Patriotic Party (NPP) has disclosed that his party supported the popular #Dumsormuststop campaign led by actress Yvonne Nelson financially.

Speaking on Okay FM, Mr. Baah Acheamfour, spokesperson for Save NPP Now pressure group and a communications member of NPP alleged that John Boadu, who is the National Organiser of NPP, included in a budgetary allocation to the party executives that he (John Boadu) took GH¢5000 from the party’s coffers for actress Yvonne Nelson to support her dumsor campaign.

Baah also spoke on Neat FM’s “Entertainment Ghana” making the same allegations.

“John Boadu said he took GH¢5000 from the party and gave it to Yvonne Nelson. So first of all, I am asking if he truely gave that money to Yvonne Nelson? I really want Yvonne Nelson to help the party by coming out to clarify if John Boadu actually gave her the money. NPP as a party had nothing to do with what Yvonne Neslson and her team were doing but John claim they requested for support from the party”.

According Baah, he doesn’t believe the said amount was actually given to Yvonne Nelson, but insisted that John Boadu might have taken that money for something else and allegedly stated in a budget that he (JB) gave it to Yvonne Nelson.

He added that John Boadu claimed that Yvonne Nelson and her team requested for support from NPP and the party duly obliged and approved an amount of GH¢5000 to facilitate their anti-dumsor activities.

He, therefore, called on the party executives to investigate the matter and find out from the actress if indeed she received such an amount from John Boadu; and also called on Yvonne to come out and clear her name.

“I am not saying NPP gave Yvonne Nelson and her friends GH¢5000. No! Because I believe my sister Yvonne and her people are too decent for that and I cannot disgrace them like that but all I am saying is that someone is accusing them falsely so they should come and clear their names. I am just helping them”.

Baah Acheamfour also alleged that according the same budgetary allocation, an amount of GH¢78,000 was also set aside by the party to support the “Won Gbo” demonstration organized in Accra on February 15, 2015.

Prior to the much talked about anti dumsor vigil on Saturday May 16, 2015, there were several allegations from fellow celebrities and supporters of the ruling NDC that organizers of the #dumsormuststop campaign were receiving moral and financial support from NPP. An allegation both members of NPP and organisers of the dumsor vigil denied then, until Baah Acheamfour’s revelations.

These revelations came out of the confusion within the NPP after the party lost the Talensi by-election.

Attempts to reach Yvonne Nelson and John Boadu have all proven futile for now.

Why are black people afraid to invest in Africa? Let these two women tell you

This interview is one that may open your mind to all the possibilities that exist for those who are brave enough to invest in Africa. Take a look.

Rapper 50 Cent brags about money, but just declared bankruptcy

The rapper 50 Cent is often held to the public as a beacon of hope and financial success, at least on the surface.   But some say that things may not be all that their cracked up to be.
This week, the rapper filed for Chapter 11 bankruptcy protction in US Bankruptcy Court in Hartford, Connecticut. The alleged mogul reportedly has a the kind of debt that would make the rest of us squeamish, according to The Business Insider.
“In court papers filed in the U.S. Bankruptcy Court in Hartford, Conn., Mr. Jackson reported assets and debts each in the range of $10 million to $50 million,” reports the Wall Street Journal.
This bankruptcy filing occurred right after the rapper was ordered to pay $5 million dollars to a woman who sued him for revealing a sex tape online to millions of people. The woman was the mother of the child conceived with a rival rapper, Rick Ross. Lastonia Leviston says that the release of the tape led to humiliation and mental anguish, which a jury found to be worth millions.
“On top of that,” according to TMZ, “50 lost a court case in which a jury socked him with a $17.2 million judgment over ripping off a headphones design [in 2014]. It’s a breathtaking fall.”
So, it appears that the rapper has been hit with some serious financial haymakers that may end up leaving him in a tough financial situation. According to Forbes, the rapper’s net worth is estimated at $155 million, which leaves some people confused about why he would have to file for Chapter 11 bankruptcy protection. But often, these protections are afforded to businesses that are seeking to restructure their finances without having to liquidate important assets.
The rapper earned the lion’s share of his wealth back in 2007 when he won $60 to $100 million from a smart business deal with a Vitamin Water company. The company was sold to Coca Cola from Glaceau, and was reportedly worth $4.1 billion dollars. After this, 50 Cent (aka Curtis Jackson) eventually let go of his equity stake in the company, but continued to work as a spokesperson for the brand.
Give us your thoughts. Do you think this is the end of 50 Cent’s reign as one of the wealthiest entertainers in the world?
Financial Juneteenth lessons from this story, courtesy of Dr Boyce Watkins:
1) Bankruptcy is not the same as economic death.   Some companies declare bankruptcy to get protection from creditors during short-term liquidity problems.  This can allow them to protect valuable assets and keep creditors at bay while they work through a temporary financial problem.  The magnitude of these lawsuits might seem like nothing for a man worth over $100 million dollars, but that’s a lot of cash to come up with all at once.
2) Rappers are known for bragging about how much money they waste, and this isn’t cool.  This kind of buffoonery (throwing money in the air or using it for toilet paper) makes entertainers look silly when they go broke.   It might be better for rappers to brag about money that they invest or use to support important initiatives in the African American community.  When millions of black people are struggling, unemployed and homeless, the last thing they need to see are people they admire throwing money down the toilet.
3) The more wealth you have, the more others are going to try and get it.  So, getting caught up in silly games on the Internet, like revealing sex tapes, can easily cost a wealthy entertainer everything.  50 Cent is a grown man with a lot to lose, so he should be careful about getting wrapped up in petty situations.  Use the Twitter and Instagram to do business, not act like a little kid, you’re better and smarter than that.
You can learn more about Dr Watkins’ online financial classes at TheBlackWealthBootcamp.com.

Korean store owner calls black leader a “monkey” and black people make him pay big


It
This story from The Final Call gives a detailed and powerful analysis of a boycott situation that occurred in Dallas.  According to the story, a Korean store owner got very disrespectful with the black people making purchases in his store.  This led to the kind of confrontation he didn’t want.  Read on and analyze this story to understand the power of the black dollar and what happens when we mobilize, stick together and build our own:
DALLAS (FinalCall.com) – If you were anywhere near South Dallas about a year ago you would be familiar with the term “Don’t Stop, Don’t Shop.” related to spending hard-earned Black dollars with the Korean owner Thomas Pak at his Diamond Shamrock gas station located on Martin Luther King Blvd. Mr. Pak’s actions, which activists said had been disrespectful and extremely combative in dealing with the Black community for years culminated in a December of 2011 confrontation with Jeffery Muhammad, the Dallas representative of the Honorable Minister Louis Farrakhan and the Nation of Islam. The N.O.I. student minister of Muhammad Mosque No. 48 says he was told “go back to Africa,” called a monkey, a slave, and a “broke a– n—-r” by Mr. Pak after questions about minimum purchase requirements at the gas station.
Mr. Pak first denied that he used the slurs and insults but later tearfully apologized before news cameras amid a full scale protest that severely hurt his flow of business.
The protest which was organized by a united front including the N.O.I., Dr. Juanita Wallace and the NAACP, Pan-Africanists, the 5 Percent Nation of Gods and Earths, pastors, Cranston Alkebulan, Councilwoman Carolyn Davis and other political leaders. The protest became known as “Don’t Stop Don’t Shop” and a year later the efforts resulted in a new Black-owned gas station in South Dallas. At a Dec. 22 press conference, and grand opening of the new station, the Don’t Stop Don’t Shop movement held their heads high with a sense of triump

Tuesday, July 14, 2015

South African Pastor makes members swallow live snake during deliverance [Photos]

1
Why are some people so daft? Why? Pastor Penuel Mnguni who is the Head pastor of the End Times Disciples Ministries, a South Africa-based church made his church members swallow a live snake during a deliverance service recently. The photos, which have since gone viral in SA, also shows the pastor stomping on his congregation as they laid on the floor. More photos below….

Fragrant Worship 2015 at Royalhouse Chapel Ahenfie 31-7-15
















Fragrant Worship is a yearly worship event hosted by the Covenant Voices choir from Royal house Chapel International, Ahenfie under the auspies of the Covenant Family Ministries.

This is a moment of worship when burdens are lifted up and peace, refreshment, newness, blessings, deliverances comes down to the worshippers. 

Its is life-touching, life-turning around moment.

This year's (2015) is under the theme: Heal our land.

On the 31st July, 2015 at 5:300 pm all roads leads to Ahenfie, Accra.

Its the gathering of worshippers.

Fragrant Worship 2015 noko ba happen for sure!!!

https://www.facebook.com/pages/Fragrant-Worship/1532808126958470?fref=ts

you all invited

Enactus Ghana set to hold 2015 National Competition

Enactus Ghana is set to hold the 2015 National Competition at the La Palm Royal Beach Hotel from July 22 to July 23, 2015.

This year, organizers of the competition has promised patrons to experience an exciting and educative national competition.

Enactus is an international organization that brings together diverse network of students, academic and business leaders who share the vision of creating a better and more sustainable world through the positive power of business.

Enactus is committed to using the power of entrepreneurial actions to improve the quality of life and standard of living for people in need.

Formally known as SIFE, Enactus is present in 36 countries; it was established in the year 1975 in the USA and was introduced to three universities in Ghana in the year 2000. Currently, it is present in twenty four tertiary institutions.

As part of measures to empower the youth of this country, Enactus organizes National Competitions, seminars, training session and many others.

Enactus National exposition has been a noticeable reason for tertiary students and the corporate community to single out their calendars to attend this wonderful event. The National Exposition gives the students a platform to showcase the projects they have embarked upon over a period of time to panel of judges who are made up of CEOs, Managers and Entrepreneurs. The experience is elevated with its wonderful participation, where thousands of participants including online audience experience this ceremony of entrepreneurial minds.

The competition has always remained prestigious with the kind of personalities invited to judge the projects of the teams participating.

Invitation of these judges are extended to Ghana’s Club 100 executives, to form the quorum to scrutinize the outputs of the projects these students intends to use to make impacts on people, planets and generate profits.

In this year’s competition, Ford in partnership with Enactus Ghana will launch the Ford C3 Partnership Project and the winner for this project would be announced at the national competition.

Last year, University of Ghana won and represented Ghana at the World cup which was held in China.

It was sponsored by KPMG, Stanbic Bank, Ecobank, Chinese Government, IPMC, ACCA, Enterprise Group, YCI, Hershey, PwC and some Enactus Alumni. Enactus Ghana hopes to get more sponsors to support the good work it is doing to help develop the Youth of this country.

Some dignitaries who will be attending this year’s competition are three Diplomats, Government officials, CEOs and Managers of companies, Heads of tertiary institutions and many more.

Ghana Don't buy any Power Bank until you ask yourself these questions

As a backup battery, power banks have surged in popularity in the recent years following the increase of mobile devices, especially mobile phones which require a lot of charging. 

Before buying a power bank, ask yourself these questions: 

Who is the manufacturer of the power bank?

Consider a trusted brand and buy a power bank that comes with warranty of at least 1 year. Many sellers provide warranty of 14-days to 1 month. This is a strong indicator that you are getting a low quality power bank.

Where are you buying the power bank from?

There are plenty of shady sellers selling fake/counterfeit products. Be sure to get your power bank from an authorized seller to prevent getting fake products.

What’s the battery quality of the power bank?

Battery quality ranges from Grade A to reject batteries. High quality batteries will have higher conversion rate, lifecycle, and more consistent performance. Poor quality, on the other hand, may cause damage to phone batteries and are more prone to overheating. 
What’s the price, capacity and size of the power bank?

The higher the capacity of the power bank, the larger it is in size as well as price. If a very high capacity power bank, for e.g. 30,000mAh is sold at a very low price, it’s probably too good to be true.

Does this power bank come with operating and safety instructions?

Always read operating and safety instructions and understand how the power bank should be used. Be wary of power banks that comes without user manual, these power banks are often unregulated and may carry safety risk. 

What type of cables and chargers can I use? 

Are these supplied with the power bank or do I have to use my own? 
Typically, power bank comes with its own set of charging cable.

How can I tell when the power bank is fully charged?

This is crucial as some power bank does not come with automatic cut-off. One can easily overcharge such power banks and lead to safety hazard.

What safety protection features does this power bank come with?

Look for power banks that come with safety protection features such as over-charge protection, short-circuit protection, over-heat protection, over-current protection or over-voltage protection.

What safety testing and certification information is available?

Power bank with good safety feature should carry FCC

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