3.10.07

Ghana Will Be Self Reliant Under My Rule

Professor Kwabena Frimpong-Boateng, an aspiring Presidential Candidate of the New Patriotic Party on Wednesday said he would empower and build the capacity of Ghanaians to make the country dependent on its own resources if elected as President. He backed this vision by demonstrating to newsmen and onlookers, the use of bio-diesel extracted from the "jetropha" plant, and also showed 25 gallons of the product, he personally manufactured from his "jetropha" plantation.Prof Frimpong-Boateng said he has been using the fuel for his vehicles during his campaign tours to canvass support to become the Party's flag bearer.
According to Professor Frimpong-Boateng, he produces 140 litres of bio-diesel daily from his small "jetropha" plantation and believed this could be replicated on a large scale at the national level to drastically cut the country's over dependence on crude oil imports.He said this during an interaction with newsmen at Kaleo after presenting assorted drugs and clinical equipment worth about GH=A212,000 (120 million cedis} to the Islamic Clinic at Wa and the Ahmadiyya Muslim Hospital at Kaleo in the Nadowli district.
He said the donation was his "widow's mite" in support of those who needed medical treatment as a result of the recent floods that caused severe human suffering in the three Northern Regions of the country. On his chances of winning the NPP primaries, he said his chances of being victorious was good, because the delegates were beginning to see the meaning of the elections and were looking up to somebody like him. "We should not just make people leaders because they know how to talk.
I am unique because I have sacrificed to serve the people at the Cardio Thoracic Centre, the Ghana Medical School and as Chief Executive of Korle-Bu Teaching Hospital"."My yes is my yes and my no is my no. These are the kind of people who should lead the nation and not people who are good at talking".
Drs Hany Al Hawari and Mohammad Nasilullah Khan of the Islamic Clinic and the Ahmaddiya hospital respectively, thanked the Presidential Aspirant for the donation and promised to put them to good use and wished him success in his Presidential ambition.
Source:GNA

2.10.07

Nii Moi Thompson...Utility companies don’t deserve tariff hikes

The Public Utilities Regulatory Commission is expected to announce tariff increase of between 35 and 40 percent for electricity and water following a proposal by the utility companies to have their tariffs adjusted upward to meet their increased cost of production. They also say it will enable them to improve on their service delivery. But in a paper titled “the case against higher utility tariffs”, an Economist Dr Nii Moi Thompson argues that various tariff increases in the past, in addition to loans contracted have made little impact on their service delivery. He told Joy News that the inefficiencies of the utility companies must first be addressed before asking the public to pay more.
Nii Moi-Thompson aregued that in the recent past the government, based on arguements for a tariff increase, guaranteed huge loans for the companies which unfortunaletly did not reflect in any service improvement."In the case of Ghana water company there was $110.7 million in internationally guaranteed loans and then Electricity Company of Ghana, $143.1 million ...without explaining to us what happened to thses huge sums of money."The PURC has told Joy News that it will provide final figures on the quantum of increase and effective date of implementation by close of Tuesday.
It however provided a conservative estimate of 35 percent. The decision comes closely on the heels of government announcement of an end to the year-long energy crisis which affected effective supply of electricity and water. Interest groups in the energy and water sector have been making a case for the increases citing the need for full cost recovery and the need to improve on the infrastructure to guarantee good service delivery.

Kuffour Leaves For Addis-Ababa Tomorrow

President John Agyekum Kufuor will leave Accra on Wednesday for a three-day visit to Addis-Ababa, Ethiopia, during which he will hold high level consultations with the African Union (AU) Commission on some urgent matters including recent attacks suffered by African peacekeepers in Sudan's Darfur region.
Rebels in the troubled Darfur region have reportedly attacked members of the AU peacekeeping force, killing at least 10 troops and seizing 40 others. A statement signed by Mr Andrew Awuni, Press Secretary to the President and Presidential Spokesman, said while in Addis Ababa, President Kufuor would hold discussions with Ethiopian President Meles Zenawi and also meet German Chancellor Angela Merkel, who is leading a German parliamentary group on a visit to the AU Headquarters.
At the last summit of industrialised nations held in Heiligendamm, Chancellor Merkel, currently the G-8 President, pledged her commitment to debt relief programmes and raising development aid funds for Africa. The President is expected back home on October 5, the statement said.

1.10.07

Ghana Increases cocoa producer price

President John Agyekum Kufuor on Monday announced an upward adjustment of the producer price of cocoa from GH 9,015 cedis (9.15 million cedis) per tonne to GH 9,050 cedis (9.5 million cedis), effective from the 2007/2008 main crop season. With this, the Ghanaian farmer's share of the FOB now stands at 72.11 per cent up from the less than 50 per cent, they were receiving seven years ago.
The increase comes at a time when the price of cocoa on the international market had dropped from 1,900 dollars to about 1,500 dollars.Addressing this year's Cocoa Day at Bibiani in the Western Region, President Kufuor said the Government has also directed the Ghana Cocoa Board (COCOBOD) to ensure that bonus to farmers was paid in two installments every year.The first would be in July and the final payment before the end of the year.
The arrangement is meant to help them with funds, in the absence of micro-credit schemes, to support their children+IBk-s education at the start of the academic year.President Kufuor said other interventions introduced include the increase of the COCOBOD scholarship award beneficiaries from 2,500 students to 7,500, tarring of a total of 531 kilometres of roads linking cocoa growing communities in the six cocoa farming regions, distribution of 1,000,000 treated mosquito nets and the provision of solar street lights and solar torch lights.These, he said, were aimed at making sure that farmers would not only enjoy tangible benefits of their hard work but also discourage the drift of the youth to urban areas.
He said the Government's policy measures since the year 2001 had not only rejuvenated the cocoa sector but improved the real returns to farmers.President Kufuor used the day to convey the nation+IBk-s gratitude to the Ghanaian cocoa farmer for the invaluable contribution to the economy.The Finance and Economic Planning Minister, Mr Kwadwo Baah-Wiredu, said the Government was determined to ensure that loans were given to farmers at reasonable interest rates.He said they wanted to see agricultural interest rate pegged between 5-10 per cent with a maturity period of between 5 and 10 years. Mrs Frema Opare Osei, Deputy Minister of Water Resources, Works and Housing, advised the farmers not to use children for labour-intensive and any other jobs on their farms likely to pre-dispose them to hazardous chemicals.Mr Isaac Osei, the Chief Executive of COCOBOD, warned that the Board would not allow cheating of the farmers through the adjustment of weighing scales by unscrupulous Purchasing Clerks.He said achieving the twin vision of increasing cocoa production and processing of 40 per cent of the output required hard work and encouraged the farmers to take advantage of the various interventions such as the mass cocoa spraying and hi-tech fertilizers to boost their output.Nana Yaw Gyebi, Omanhene of Anhwiaso, appealed to the Government to see to it that cocoa processing factories were sited closer to the cocoa producing areas.The Western Region produces 57 per cent of Ghana's total cocoa output.There were fraternal messages from the Cocoa Producers Alliance and the International Cocoa Organisation. The theme for the Day was Process and Consume more cocoa for good health and Economic Growth.
Source:GNA

Ghana is back on track with investment opportunities - Veep woos foreign investors

Accra, June 6, GNA-Vice President Mahamudu Bawumia says Ghana's economic opportunities for private sector investors are back on track as...