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Thelo DB Consortium, Ghana sign 25-year Rail Management Agreement

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Railways

The Thelo DB consortium (consisting of Thelo DB and Transtech Consult Limited) has signed a Rail Management Agreement with the Government of the Republic of Ghana through the Ghana Railway Company Limited, to develop and operationalise the Western Railway Line. The Signing Ceremony for the US$3.2 billion project took place in Accra, Ghana on 22 August 2022.

The project includes Planning (all project preparation-related activities, such as feasibility studies, demand analysis, preliminary and detailed design, and procurement consulting);

Implementation (systems engineering design, construction supervision, design review, audit systems engineering, testing and commissioning of rolling stock and infrastructure); and Operations and Maintenance Management (early train operator, consulting services in terms of infrastructure operations, rolling stock operations, infrastructure and rolling stock maintenance).

When completed, the project, which includes the associated infrastructure, training and Operations and Maintenance Management, will transform Ghana’s existing rail network into a modern, robust and integrated railway system running from the Port of Takoradi to Huni Valley to Obuasi, including the branch line from Dunkwa to Awaso to Nyinahin and to Eduadin.

The investment for the Ghana Western Railway Line Project will ensure that the rail infrastructure is upgraded and that there is interoperability of railway systems; new standardised rolling stock; required maintenance facilities; a spare parts regime and operational integration into other transport infrastructure and systems.

John-Peter Amewu, Minister of Railway Development, Ghana, commented: “Currently, the transportation of freight, including minerals and other bulk commodities along the Western Corridor is predominantly by means of the road network due to the poor state of the railways.

The Western Railway Line has a very huge potential in terms of the haulage of both liquid and bulk cargo.

For instance, current projected annual haulage on the Western Rail Line for manganese and bauxite is about 7 million and 15 million metric tonnes respectively.

An additional 5 million metric tonnes of bauxite is estimated to be mined and transported annually from the new bauxite deposit at Nyinahin using the railway.

The Bulk Oil Storage and Company Limited has also projected to haul over 1.5 billion litres of oil products along the corridor.

Other commodities that are transported along the Western Corridor include Cocoa, Timber, Cement, among others which also have huge haulage potential based on their respective projected volumes.

Rail transport is therefore critical to the success and achievement of all these traffic projections since it provides a cheaper and more efficient means of transporting such commodities.”

The fully integrated development model is an innovative one for Africa the railway sector especially because the Western Rail Line Project will be funded on a ring-fenced project finance basis.

This agreement is further testament to the importance that President Akufo-Addo’s government places on our railway sector.

Ronnie Ntuli, Chairman of Thelo DB, said: “The intention of this Project is to develop, implement and operationalise the Western Railway Line as a fully integrated railway system to enable efficient mobility of freight and passengers.

This, will in turn, catalyse investment, infrastructure development, promote trade, skills development and job creation thereby generating broader economic growth in Ghana, and hopefully, the broader West Africa region.”

Mr. Ntuli praised the government of the Republic of Ghana, for identifying the railway sector and this project in particular as a catalyst for development, and the role of Ministry of Railway Development and the Ghana Railway Company, in operationalising the vision to develop and modernise Ghana’s hard and soft railway infrastructure systems.

Source: Deborah Ross

Alan signs another MoU with Toyota to develop Ghana’s automotive industry

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Alan and Toyota

The Minister of Trade and Industry, Alan Kyerematen, on the sidelines of the 8th Tokyo International Conference in Tunis, Tunisia, has signed a Memorandum of Understanding (MoU) with Toyota Tsusho Corporation to continue to develop mutual collaboration for contribution to the Ghanaian automotive industrialisation sector, economy and society.

It is recalled that in August, 2019, he signed an MoU with Toyota Tsusho Corporation during the TICAD-7 Summit in Yokohama, Japan for the establishment of the Toyota Tsusho Manufacturing Ghana (TTMG) vehicle assembly plant.

The Plant was finally launched in June, 2021. TTMG is currently assembling the Toyota Hilux (SKD). It would commence the assembling of Suzuki Swift vehicles before the end of this year, 2022.

The new MoU signed by Mr Kyerematen seeks to explore opportunities in capacity and people development, and enhance the potential to export vehicles assembled in Ghana to neighboring countries.

According to the Trade’s minister, it is also aimed at the possibility of manufacturing the vehicle parts locally to help to develop the automotive market and industry in Ghana.

Government’s delegation at the conference included Shirley Ayorkor Botchwey, Minister for Foreign Affairs and Regional Integration, Deputy Minister of Finance, John Kumah, and other Senior Government officials as well as Ghana’s Ambassador to Tunisia.

TICAD is a Summit-level international conference on Africa’s development initiated by Japan in 1993.

The conference brought together African countries and development partners, including international and regional organisations, donor countries, Asian countries, the private sector and Civil Society Organizations, to deliberate on Africa’s development.TICAD-8 focused on promoting fair and transparent development financing for Africa.

In his address, Mr Kyerematen shared strategies to guide Africa’s industrialization agenda highlighting on political commitment; technology and innovation; medium and long term financing; as well as seizing opportunities which the Africa Continental Free Trade Area (AfCFTA) market presents to both investors from Africa and Japan.

Tyrese requests not to pay spousal support to estranged wife

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Tyrese and Samantha Lee

US R&B Singer and Actor, Tyrese is in in court for a divorce hearing, where he outlined that he does not want to pay his wife, Samantha Lee, spousal support, and is requesting that the couple’s prenup be enforced.

The Actor also requested joint physical and legal custody of the couple’s three-year-old daughter, Soraya Gibson, as well as final say on non-medical emergencies for the child.

Tyrese claimed that Samantha’s request for $20,000 in monthly child support was “unreasonably high.”

Furthermore, the Los Angeles born star wants to keep the pair’s 2016 Range Rover.

However, he is willing to let Samantha hang onto one of the couple’s other SUVs: a 2017 Land Rover Discovery.

Samantha filed for divorce from the six-time Grammy nominee in September 2020, and claimed Tyrese had locked her out of the house. He has denied the accusation.

The musician pointed to “being raised in broken homes with no example of what being a husband or father is” as contributing to the demise of his second marriage and claimed “black families and marriages are under attack” at the time.

Tyrese said in a separate statement that he and Samantha, who he met in 2015, will “remain the best of friends and strong co-parents.”

The star also has joint custody of 15-year-old daughter Shayla Somer from his two-year marriage to Norma Mitchell, which ended in 2009.

The Fast & Furious star and Samantha, who holds a Master’s degree in social work, secretly tied the knot on Valentine’s Day in 2017.

Samantha uses her degree to help fight sex and human trafficking, as well as campaigning to provide counselling for inmates, according to TMZ.

Bisa Kdei set to mark 10 years in music

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Bisa Kdei

Born Ronald Kwaku Dei Appiah, Highlife Artiste, Bisa Kdei is set to mark ten years since he broke through the music industry.

The highlife musician has disclosed that for such a great feat, he will be celebrating the milestone with a concert.

In a series of activities to mark the ten-year anniversary, Bisa Kdei has stated that, the first concert will take place at the Indigo at The O2, London, on November 18.

There will be other concerts and activities in Ghana later.

“I want to appreciate my fans who played a vital role in my success story as a musician, and November’s concert will be remembered for a long time,” Bisa Kdei stated.

“After the concert in the UK, I do another one in Ghana all in the name of celebrating my success.At these concerts, I will perform all the popular songs that I am known for,” he added.

Bisa Kdei got his breakthrough in the music scene with the ‘Azonto Ghost’ movie soundtrack.

Cedi Depreciation: Try simple ‘O’ Level Econs for a change

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Opinion

Every Ghanaian is an economist. Like Jesus who, according to the Bible, was “acquainted with grief”, Ghanaians are perpetually acquainted with economic hardship.

The only things that are working in Ghana are shopping malls and outbound tourism, namely selling packaged tours to wonder world Dubai, pleasure-soaked South Africa and exotic Greece.

At whose expense? Though the leisure trips are priced in cedis, the organizers require dollars and euros to stay in this type of business. The hotels in the receiving countries will not sell their beds in cedis. The airlines, foreign-owned, will need dollars to continue staying in the air.

They will get their dollars either from the Bank of Ghana or the forex bureaux. These days, those black market merchants in long gowns and frightful beards have pitched camp at the Arrival Hall of the Kotoka Airport. It’s a free market.

So free that it has sunk the cedi. Among the beneficiaries of the free market are the foreign-owned churches with branches in Ghana.

Word is that a lot of forex transactions take place at the beginning of the week, and it is by local reps of foreign bishops and General Overseers who must ensure that the cedis get changed into dollars for repatriation. And we are looking on because we are God-fearing!

There are no goods on earth that are not available in a shop near you. There are malls everywhere, springing up daily like churches, selling, at least, 96% foreign goods. How do they come by the goods? Imported with hard currency.

We are importing dog food!!! Why? Because “there are no substitutes to satisfy the sophisticated taste of the South African dogs, German shepherds and Rottweillers”.

We import vegetables from Sahelian Burkina Faso.

Free market

In economic planning for a country, a government needs to be deliberate about blocking capital flight. It starts with encouraging local substitutes, products of local research. It is state-led and it is intentional.

When Kwame Nkrumah said Ghanaian industries would develop at breakneck speed, it was on the back of a long-term plan to drive import substitution and secondly, to take advantage of the raw materials that abounded in almost every region of Ghana.

The corned beef factories were sited in Bolgatanga and Pwalugu where cattle were in abundance. After killing the cows to processing the meat, the hide was sent to the Kumasi tannery to be turned into leather. The leather became the raw material for the Kumasi shoe factory producing boots for the security forces.

As a policy, expatriate vehicle importers were to import only knock-down parts for assembling here, thereby transferring technology. That’s how come Ghana, with time, manufactured its own Boafo and Adom vehicles.

We manufactured tyres at Bonsa factory, from our own rubber plantations.

The Paper Conversion Factory at Takoradi was coming out with paper products. The raw material for the paper came from trees specially planted for the purpose. Our Railway Location demonstrated technology transfer in the 1960s, long before China’s Deng Xiaoping learned the theory in school.

Nkrumah made it a policy not to allow 100% repatriation of profit by multinationals. The state retained a percentage to fund local development.

The masterminds of the 1966 coup put down Nkrumah’s efforts by claiming that the factories were poorly managed.

Poorly managed! Even in 2022? We shouldn’t be saying this in a country that has produced the Ishmael Yamsons, Kobina Richardsons, Sam Jonahs and the Kofi Amoabengs of this world.

I have said, since 2005, that even an SHS student can run Ghana’s economy. All it takes is the ability to attract World Bank and IMF bail-outs and bilateral loans. The rest will be on autopilot: the economy will manage itself.

A Third World country that is planned should be doing what General Kutu Acheampong did: declare Operation Feed Yourself and get every school to own a farm. It worked.

In this year, 2022, I am, in addition to school farms, urging government to encourage Church/Mosque Farms. If there is one segment of our society that is parallel to poverty, it is the church.

How about acquiring land and getting the hungry teeming unemployed youths onto farms jointly owned by the youths and the churches/mosques?

Farming is not only weeding and planting; it is also management. Let the youth farm for three months, seedlings and other inputs supplied by the church, including two meals a day.

After three months, when the harvest is brought in, the church should buy the product and pay the youth to continue farming. Churches and mosques have no problem with transporting the produce to the markets.

The alternative to all of the above is millions of youths by the roadside, graduating from pilfering to armed robbery.

All of the above makes no sense because they are not in Master’s degree and PhD Economics textbooks.

By Enimil Ashon  

Credit: myjoyonline.com

Govt to exceed borrowing limit by 2023

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President Buhari signing the 2020 budget

The Minister of Finance and National Planning, Zainab Ahmed, has said the federal government will borrow over N11 trillion and sell national assets to finance the budget deficit in 2023.

She also said the government’s budget deficit is expected to exceed N12.42 trillion if it should keep petroleum subsidy for the entire 2023 fiscal cycle.

Mrs Ahmed disclosed this on Monday while appearing before the House of Representatives Committee on Finance to defend the 2023-2025 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

Explaining two scenarios of the budget deficit to the committee, the minister said the first option involves retaining the petroleum subsidy for the entire 2023 fiscal year.

According to her, in the first scenario, the deficit is projected to be N12.41 trillion in 2023, up from N7.35 trillion budgeted in 2022, representing 196 per cent of total revenue or 5.50 per cent of the estimated GDP.

In this option, she added, the government would spend N6.72 trillion on subsidy.

Mrs Ahmed said the second option involves keeping subsidy till June 2023 and that this scenario will take the deficit to N11.30 trillion, which is 5.01 per cent of the estimated GDP. In this option, PMS subsidy is projected to gulp N3.3 trillion.

She noted that the first option is not likely to be achievable based on the current trend while the second option would require tighter enforcement of the performance management framework for government-owned enterprises that would significantly increase operating surplus in 2023.

The projected deficit under the second option, the minister said, is expected to be financed through new borrowings from local and international sources.

This will include a total of N9.32 trillion in new borrowings, comprising N7.4 trillion from domestic sources and N1.8 trillion from foreign sources.

The government is expected to generate N206.1 billion from privatisation proceeds and N1.7 trillion in multilateral project-tied loans.

Credit: premiumtimesng.com

Army neutralises bandits, recover arms, motorcycles in Kaduna

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Army neutralises bandits

The Nigerian Army, on Tuesday, said its troops have neutralized bandits in Kaduna communities.

 

In a statement by Brigadier General Onyema Nwachukwu, Director of Army Public Relations, the troops led by the General Officer Commanding (GOC) 1 Division Nigerian Army, Major General Taoreed Lagbaja, have cleared bandits in Buruku, Udawa, Manini, Birnin Gwari, Doka, Maganda, Kuyello and Dogon Dawa communities in Kaduna State.

 

According to him, the troops engaged bandits during a patrol in some of the communities in Kaduna, and subsequently over-powered the bandits, killing several of them.

 

He said three bandits were captured alive, while some of the criminal elements escaped with gunshot wounds.

 

He said AK-47 rifles, 27 rounds of 7.62 mm special ammunition and 18 motorcycles were recovered by the troops.

 

The statement appealed to members of the public, particularly health facilities and paramedics, to be on the watch out for the injured bandits who may be seeking medical attention for gunshot wounds and report to relevant security agencies.

 

Credit: dailypost.ng

Armed groups on clergy abduction spree

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Armed groups on clergy

On July 15, Reverend Fathers Donatus Cleophas and Mark Cheitnum were in the empty rectory of Christ the King parish in Yadin Garu, a town in the Southern Kaduna area of northwest Nigeria when five armed men walked in.

Two were wielding an AK-47 rifle, another had a machete and the other two held sticks, Cleophas said.

The gunmen confiscated the phones of both priests, who had stayed to celebrate mass after an ordination service in that diocese, and led them into the muddy grounds of a maize farm near the parish.

There, Cheitnum was shot dead and his body was left in the rain, while his colleague was taken away.

“We did not have any scuffle, nothing,” Cleophas, who has since regained his freedom, told Al Jazeera. “All I can think of is because maybe Father [Mark] was wearing canvas [shoes] and he could not keep up with the pace at which we were moving.”

Their ordeal was one of the most recent in a growing trend of attacks targeted against Christians in Nigeria in recent years, according to data and experts.

According to the Armed Conflict Location and Event Data Project (ACLED), violence against Christians targeted on the basis of their religious identity has spiked, just as political violence against civilians has generally been on the rise too.

Its data shows that attacks on Christians in the country increased by 21 percent in 2021 compared with 2020. On average, monthly attacks have also risen by over 25 percent in the last year.

In June, gunmen killed dozens at a Catholic church in Ondo, spotlighting a possibly religious undertone to the country’s insecurity.

The state government blamed the ISIL-linked ISWAP (Islamic State in West Africa Province) for the incident, but the group is yet to claim responsibility.

Experts say attacks against the church are also increasingly targeting Christian leaders, as operations of armed groups nationwide assume dangerous dimensions.

Credit: Aljazeera.com

Return to PDP, swallow your ambitions; Makarfi begs Peter Obi, Kwankwaso

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Presidential candidates of Labour Party, Peter Obi

Former Governor of Kaduna State, Ahmed Makarfi, has urged the presidential candidates of Labour Party, LP, Peter Obi, and his New Nigeria Peoples Party, NNPP, counterpart, Rabiu Kwankwaso to return to the Peoples Democratic Party, PDP.

Makarfi said Obi and Kwankwaso should swallow their personal ambitions and return to the PDP.

The former PDP National Chairman disclosed this on Channels Television’s breakfast show, Sunrise Daily.

Makarfi urged aggrieved PDP members to unite and discuss their differences in the country’s interest.

According to Makarfi, “Peter Obi respects me; I respect him. Kwankwaso still is my friend, I respect him, but the issue is that we should all swallow personal ambition for the sake of this country and bring positive change by changing the government that is in power today.

“I call on other opposition parties to actually come together, especially Peter Obi.

“PDP will be home to him, PDP will be home to his supporters, and Kwankwaso, we all started PDP together; let us come back home and do the needful for the sake of this country.”

Credit: dailypost.ng

Chris Rock turns down offer to host 2023 Oscars after Will Smith slap

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Chris Rock

Don’t expect Chris Rock to be emceeing the Oscars anytime soon. According to multiple eyewitnesses, Rock revealed during his Sunday night show in Phoenix, that he was asked to host next year’s show, but refused.

As many will remember, it was at the 2022 Academy Awards that Will Smith slapped Rock in the face after he made a joke about Jada Pinkett Smith before presenting the award for Best Documentary Feature.

“Chris Rock said he was asked to host next year’s Academy Awards at his Sunday night show at Arizona Financial Theatre, and that he refused the offer,” one eyewitness shared.

“He also noted that he was offered the chance to do a Super Bowl commercial that he also declined.”

The eyewitness also told ET that Rock compared hosting the Oscars to returning to the scene of a crime, referencing the murder trial of O.J. Simpson, who was accused of killing his wife, Nicole Brown Simpson.

“Chris joked that returning to the Oscars would be like returning to the scene of the crime and said that it would be similar to asking Nicole Brown Simpson to go back to the Italian restaurant where she left her glasses,” the eyewitness added.

He continued to make light of the incident, though he did admit that getting hit by Smith hurt, a lot more than words do.

Calling Smith “Suge Smith,” another eyewitness said Rock talked about the incident for “a few minutes in a joking way” but kept his references to it “short and classy.”

While Rock spoke about the incident during his show, eyewitnesses told ET that Rock has no plans to speak to “any big outlet” or do a “sit down interview” to speak about what happened.

Credit: myjoyonline.com

The Ghanaian Chronicle