Professor Heads To Tain ConstituencyNDC Leader and Presidential Candidate, Professor John Evans Atta Mills, will be heading out to the Tain Constituency tomorrow, Wednesday, December 30 2008.Per the declaration of the Electoral Commissioner, Dr. Kwadwo Afari-Djan, Professor John Evans Atta Mills, is in the lead with a 50.13% margin.In absolute figure terms, in spite of all the questionable figures that the NPP produced from its Ashanti Region stronghold, Professor Mills is leading Nana Addo Dankwa Akufo-Addo with 23,055 votes.The Tain Constituency in the Brong Ahafo Region, is already on the side of the NDC; evidenced by the 16,211 figure given to the NDC during the first round as opposed to the 14,935 the NPP got.Mathematically, and assuming that all the 53,890 registered voters cast their votes, Professor Mills needs 15,000 to still be ahead of Nana Akufo-Addo.So with the 16,211 Professor Mills got in the first round, it is clear that Nana Akufo-Addo cannot defeat Professor Mills.For the records, during the first round, 31,614 out of the 53,890 voted.Also, the second round figures show that Professor Mills appreciated everywhere he won in the first round whiles Nana Akufo-Addo hemorrhaged in lots of places; it is more than likely that same scenario shall unfold in the Tain constituency.We are assuring Ghanaians that Professor Mills, as he has been from day one, knows that the goodwill of the majority of Ghanaians is on his side.The change process began on 7th December, it was consolidated on 28th December, and on January 2nd, the Tain Constituency will surely help complete the Change process.Change has come to Ghana and after January 7th, when Professor John Evans Atta Mills takes over as President of the Republic, the Better Ghana agenda shall start.Wednesday, December 31, 2008
TEAM MILLS MOVES TO TAIN IN BRONG AHAFO
Professor Heads To Tain ConstituencyNDC Leader and Presidential Candidate, Professor John Evans Atta Mills, will be heading out to the Tain Constituency tomorrow, Wednesday, December 30 2008.Per the declaration of the Electoral Commissioner, Dr. Kwadwo Afari-Djan, Professor John Evans Atta Mills, is in the lead with a 50.13% margin.In absolute figure terms, in spite of all the questionable figures that the NPP produced from its Ashanti Region stronghold, Professor Mills is leading Nana Addo Dankwa Akufo-Addo with 23,055 votes.The Tain Constituency in the Brong Ahafo Region, is already on the side of the NDC; evidenced by the 16,211 figure given to the NDC during the first round as opposed to the 14,935 the NPP got.Mathematically, and assuming that all the 53,890 registered voters cast their votes, Professor Mills needs 15,000 to still be ahead of Nana Akufo-Addo.So with the 16,211 Professor Mills got in the first round, it is clear that Nana Akufo-Addo cannot defeat Professor Mills.For the records, during the first round, 31,614 out of the 53,890 voted.Also, the second round figures show that Professor Mills appreciated everywhere he won in the first round whiles Nana Akufo-Addo hemorrhaged in lots of places; it is more than likely that same scenario shall unfold in the Tain constituency.We are assuring Ghanaians that Professor Mills, as he has been from day one, knows that the goodwill of the majority of Ghanaians is on his side.The change process began on 7th December, it was consolidated on 28th December, and on January 2nd, the Tain Constituency will surely help complete the Change process.Change has come to Ghana and after January 7th, when Professor John Evans Atta Mills takes over as President of the Republic, the Better Ghana agenda shall start.DETAIL OF STATISTIC OF PRESIDENTIAL RUN-OFF
In the regional breakdown, Prof. Atta Mills won in eight of the 10 regions - Western (51.9%), Central (53.8%), Greater Accra (54.4%), Volta (86.1%), Brong Ahafo (50.4), Northern (61.6%), Upper East (65%) and Upper West (62.3%). Nana Akufo-Addo won in two regions - Eastern (57.5%) and Ashanti Regions (75.0%). National turnout after 229 constituencies is 72.74 per cent. Percentage of rejected votes is 1.01 per cent. ------ Akuffo Mills WESTERN 384,028 48.1 414,144 51.9
CENTRAL 325,454 46.2 378,975 53.8
GT. ACCRA 798,556 45.6 953,086 54.4
VOLTA 102,173 13.9 630,899 86.1
EASTERN 536,366 57.5 396,277 42.5
ASHANTI 1,438,820 75.0 479,749 25.0
B. AHAFO 382,202 49.6 388,463 50.4
NORTHERN 311,774 38.4 500,953 61.6
UPPER EAST 117,477 34.4 223,994 65.6
UPPER WEST 81,561 37.7 134,926 62.3 ----------------------------------------TOTAL 4,478,411 49.9 4,501,466 50.1
Source:GNA
ROXBURY NITE CLUB OPENS IN GHANA


The Nite Club which is located at Asylum Down in the hub city,Accra has DJ's to rock you music to your feet and serve well selected beverages both alcholic and non-alcholic to make your nite a great one. Foods of various varities are also seved at Roxbury
The club which operates throughout the week with especial climax events during weekends such as lady's nite among others has great numbers in attendance.Roxbury has las vegas macines,pool tables special VIP sitting places to suit your nite.
Come visit the place and you can't resist it, Roxbury a nite club to have fun.
25 BRANCHES FOR STANBIC BANK IN GHANA
MTN DONATES TO ORPHAN HOME
Tuesday, December 30, 2008
GHANAIANS WAITS FOR RUN-OFF RESULT FROM ELECTORAL COMMISSION
"The NDC is displeased because figures that came in yesterday from certain constituencies in the Ashanti region that and the different figures that are coming in from those same constituencies and obviously the numbers have been up. We already have a problem with the kind of figures that are coming from the Ashanti region, but even then the NDC is prepared to work with it. Then suddenly strange figures started coming from the Ashanti region again and that is the source of concern for the NDC," Anyidoho pointed out.
He said there are suspicions surrounding what he described as bloating figures in the Ashanti region, the strong hold of the ruling party.
"If you are looking at a ridiculous percentage already, you are having around 85, 86, 87 percentage voter turnouts in the Ashanti region alone as compared to the national average that is already a problem. Suddenly, you are now having 99.9 percentage turnouts per the new figures that are being churned out from the Ashanti region," he said.
Anyidoho said the opposition NDC overwhelmingly won eight out of Ghana's 10 regions, which he said should make the party's presidential candidate the winner of Sunday's election run-off vote.
"Professor Mills has won regions and even in Akufu-Addo's home region of the Eastern region, the NDC got about 40 percent. So, why are we going to sit down to allow one region to hijack the presidency? It is not going to happen. I mean assuming the numbers even existed, and so one region would take out the eight or nine regions, we have no problems. But obviously this attempt to use one region to arm-twist the democratic process is something that we are finding it very difficult to accept," Anyidoho pointed out.
He said the opposition party expects its presidential candidate to be officially declared winner of the run-off election Tuesday.
"Dr. Afari-Djan has a reputation and we hope that he would not sacrifice his reputation on the order of some parochial political expediency. And so, we expect that today, Dr. Afari-Djan going by the results and the figures that have come out and are already in the public domain that he would declare that professor Mills is the president elect of the republic of Ghana," he noted.
Meanwhile the ruling NPP said some of the results in its stronghold needed to be corrected after errors were detected. Stephen Asamoah-Baoteng, Ghana's information minister said told VOA that Ghanaians should wait for the electoral commission to declare the winner of the run-off.
"Obviously, everybody knows that the results are declared by the electoral commission, and not by political parties or radio stations. Radio stations and television networks can call in results, but they are only provisional until the EC (Electoral Commission) has certified and declared it. Some radio stations have taken it upon themselves to declare results themselves without giving the caveat that those are provisional results. So, they've declared that the opposition has won," Asamoah-Baoteng noted.
He said there are still some votes to be properly authenticated by the electoral commission.
"There are about 18 constituencies yet to be certified. The electoral commission has not come out and they (opposition) apparently want to celebrate. So, this is the problem," he said.
Asamoah-Baoteng denied the ruling party is trying to "massage" some of the election results, arguing that some mistakes were made, which he said needed to be corrected.
"Well, I don't know who has been saying that (accusation), but polling stations results are obviously declared at the stations. But sometimes you do have problems for instance in my constituency, some figures that were meant for the NPP were put in front of the NDC until somebody noticed it, and you could see clearly that the figures were then canceled and changed. And so the electoral officers obviously sometimes make mistakes so I don't know why they (opposition) has not waited for the electoral commission. The results that came from some areas have not been challenged anywhere. So, why would others be challenging and there is a question about it?" Asamoah-Baoteng asked.
He sharply denied that the ruling party is refusing to accept defeat and hand over power as is being speculated by some."The question is who is holding power and who doesn't want to hand over power? Election results are declared by the electoral commission so that is the problem with the opposition. They have put out propaganda machinery that they have won using provisional figures that they got by some radio stations. So, through that they think that somebody doesn't want to hand over power," he said.
STATEMENT FROM KUFOUR ON THE RELEASE OF ELCETION RESULTS
It has come to the attention of government that whilst the Independent Electoral Commission is engaged on its constitutional function of managing the run-off of the Presidential Election, some members of the public, particularly of the two contesting parties, are displaying extreme impatience and thereby causing unnecessary tension throughout the country.Some sections of the media are also not helping by peddling unauthorized figures, which could prove wrong as some have.Whilst government appreciates the great passion with which the entire nation is awaiting the outcome of the event, I wish to appeal to all Ghanaians, especially the supporters of the NPP and the NDC, to remain calm and wait patiently for the declaration of the result by the Electoral Commission, which alone has the constitutional mandate to undertake that function.Your total cooperation in this respect will ensure that the peace and security of the nation are not undermined.May God bless us all.FINAL PRELIMINARY DECLARATION OF THE ECOWAS OBSERVER MISSION ON GHANAS RUN-OFF ELECTIONS
Wednesday, December 24, 2008
MERRY CHRISTMAS TO ALL!
INVESTIGATE EARLY VOTING-PROF. MILLS
The flag-bearer of the NDC, Prof. John Atta Mills is calling for investigations into allegations of irregularities in Tuesday’s early voting.The Ashanti Regional Chairman of the NDC, Mr. Daniel Ohene Agyekum, has catalogued a number of things he believes constituted massive irregularities.He claimed minors and other unqualified persons were allowed especially in the Ashanti Region.Those irregularities, according to him, form part of a calculated attempt by the NPP to rig the elections.Prof. Mills has asked the EC to launch an investigation into the allegations.“Let us not just attempt to explain these things away,” he stressed.The Director of elections at the Electoral Commission, Mr. Albert Kofi Arhin, says voting went generally well.He explained the increase in numbers resulting in the complaints by the NDC was as a result the inclusion some other people in the list.According to him, polling agents, EC’s staff and drivers of commandeer vehicles who could not vote in the last special voting were allowed this time around to vote.He however believes if the commission has any reason to believe that there is a justification for an investigation, it would do so.NPP DIASPORA FORUM ENDORSES NANA AKUFFU ADDO AS BEST PRESIDENT OF GHANA
A group known as the NPP Diaspora Forum made up of Ghanaians living abroad at a press confress in Accra has endorsed Nana Addo Dankwa Akuffo Addo the Presidential candidate of the New patriotic Party for this years elections as the best man for the presidency of Ghana.SOURCE:NPP DIASPORA FORUM
CIVIL SOCIETY PROVISIONAL REPORT ON 2008 DECEMBER 7 ELECTIONS LAUNCHED
Institute Of Democratic Governance (IDEG) ,Civil Forum Intiative (CFI) and National Commission Civic Education (NCCE) have launched a provisional Report on Ghana's 2008 December 7th elections and lessons for the Presidential run-off.PAN AFRICAN PARLIMENT ELECTION OBSERVER MISSION BACK TO GHANA.
BY: MICHAEL FATHER AMEDOR
GHANA'S MOTORWAY WEIGHBRIDGE PRIVATISED
THE Ghana Highway Authority (GHA) has renewed a contract it awarded to Universal Redeemer Limited for another year following its successful performance at checking overloading of haulage trucks at the Tema Motorway weighbridge station.GHA first awarded the contract to Universal Redeemer Limited in July last year at a national competitive bidding for one year owing to the dismal performance of its own officials.The privatization could enforce the permissible axle limits for loading trucks using the motorway. The contract was subject to renewal based on the successful performance of Universal Redeemer Limited. Since the privatization, there had been a number of arrests and prosecution of offending heavy-duty truck drivers who exceeded the permissible axle limit of weight and height of trucks which are 11.5 tons and (mention the permissible height of loaded trucks) respectively.In an interview, Ofori Frimpong, Principal Engineer of GHA said hitherto offending drivers went unchecked because they bought their way out.He stated that overloading of trucks is known to cause extensive damage to the roads, and constitutes a source of danger to other road users.Mr. Frimpong indicated that trucks, mostly from the land-locked countries, break down frequently due to faults developed as a result of overloading, adding that most of them break down after leaving the weighbridge checkpoint.Occasionally, some of these trucks are found turned over mostly on the Accra-Kumasi road, he concluded.Mr. Frimpong stated that if a truck which is supposed to carry about 10 tons carries 20 tons, the effect on the road is equated to 16 trucks passing on it.Speaking on the performance of the privatization, the Highway engineer who is also Axle load Manager, said there had been a dramatic increase in the number of overloaded trucks whose drivers were processed for court, most of whom the Highway engineer said had been prosecuted and fined even though the fines are not deterrent enough.He said owing to the new measure at the weighbridge station, most heavy-duty truck drivers have resorted to using the Nungua beach road or other unapproved routes to avoid being caught and prosecuted for overloading.The Nungua beach road, which was constructed many years ago, is in a deplorable condition which is worsening by the day because it has exceeded its designed lifespan and therefore poses a threat to motorists.The Department of Urban Roads says it would require over US $40 million to reconstruct the 22-kilometer road from the Independence Square in Accra to the Tema Harbour Roundabout with an interchange at the Nungua barrier.GHA says weighbridge platforms are being constructed on the Nungua beach road and the Spintex road, which will have lesser axle load limits than the transit ones. This measure is to encourage heavy-duty truck drivers to use the Tema Motorway which has a higher axle-load limit.Investigations conducted last year by this reporter revealed that weighbridges constructed in various parts of the country to ensure that trucks keep to the permissible load weights were not serving their purpose due to alleged corrupt practices of GHA officials.Instead of making overloaded trucks off-load the excess goods and have the drivers prosecuted, the officials allegedly extorted between GH¢10. 00 and GH¢40. 00 and left the offending drivers off the hook.At the Tema Motorway axle load control station alone, it was estimated that these officials collected about GH¢50,000 in bribes from an estimated 500 truckers who used the station daily.This reporter obtained first hand information about these corrupt practices when he embarked upon a trip from Team Harbour to Ouagadougou and back.Consequently, GHA officials who were manning the weighbridge station on the Tema Motorway were recalled to the main office after a publication in the Ghanaian Times last year that they were allegedly misconducting themselves by extorting monies from drivers.The Chief Executive Officer of Universal Redeemer Ltd, Albert Owusu-Ansah said despite the fact that he is faced with some challenges in enforcing the legal axle-load limit, he would remain focused in the discharge of his duty.He said would ensure that the investments made by government and its developing partners yield the expected dividends.Mr. Owusu-Ansah therefore pleaded with all heavy-duty truck drivers to comply with the directive of ensuring that the permissible axle load limit is adhered to, saying the road is a national asset which must be protected.
Source:Innocent Samuel Appiah
Monday, December 22, 2008
NATIONAL PEACE COUNCIL HOLDS STAKE HOLDERS WORKSHOP
The National Peace Council of Ghana has held a day stakeholders workshop in Accra.At the workshop,Dr.Maulvi Wahab Adam who spoke onbehalf of the chairman of the council His Eminence Peter Appiah Turkson congratulated political parties and Ghanaians in general for observing a violence free election this year."It is important to let peace prevail".As we go to a second run-off lets observe the same attitudes to make it also a success.He urged politicians to set agenda of national issues first especially for the wellbeing of Ghanaians before their pockets. "Let fight ethnicity because it is slowly deminishing our fragile democracy". Dr.Adams disclosed that the next finger to be used as the security finger was the fore finger, this will help separate the old one to bring peace,transperancy and general fairness during the run- off. The representative of the NDC appealed to goverment not repeat the closure of the Ghana-Togo border during the December 28 Presidential Election run-off saying the action would not help a united nation like Ghana. "We noted that although the government had announced that Ghana's borders would remain open during the December 7 elections, the Ghana-Togo border was closed on December 5 2008.This closure denied many Ghanaians, especially those who either lived across the border or were on short visits, the opportunity to exercise their franchise during the December 7 elections, we would not accept it this time round".The representative of the NPP also committed to a transparent second run- off and encourage all to go the poll.The Director of Operations, Electoral Commission Mr.Arhin pledge ECs total committment to a free and fair run- off.All security agencies present also paid committment of good defence during the election.Participants of the worksop were drawn from the media,security agencies,Electoral commission and Peace Council.THE NATIONAL PEACE COUNCIL, also issued a realse signed by His Eminence Peter Appiah Turkson "congratulating Ghanaians for their relatively peaceful election conducted on the 7th December 2008.It further stated that as we prepare for the second run- off election this 28 December,the council countinues to urge everyone to exercise the greatest restirant in all endeavors to ensure we have a very peaceful election". AGBEKO IS SWAG PERSONALITY OF THE YEAR
International Boxing Federation (IBF) Bantamweight champion, Joseph Agbeko has been crowned the Sports Personality of the Year, 2007 by the Sports Writers Association of Ghana (SWAG).Agbeko, who made a successful defence of his title two weeks ago against Nicaraguan William Gonzalez, courtesy a majority decision was decorated by the Association with the topmost honour at its 33rd Awards Night held at the Round Pavilion, Ghana International Trade Fair Centre in Accra last Saturday.
The petit-boxer who turns 29 next March becomes the first from the noble art of self defence to win the flagship award in recent times after almost half a decade of dominance by athletes and footballers. Dressed in a black suit with black shoes, Agbeko who was also adjudged the Professional Boxer of the Year received his prize from Special Guest of Honour, Peter Osei Duah, Managing Director of State Insurance Corporation (SIC) amidst cheers and jeers from the almost-packed pavilion dominated by the cr=E8me de la cr=E8me of Ghana sports.
"I dedicate this award to peace and to all Ghanaians and I urge all to conduct themselves peacefully during the forthcoming run-off of the Presidential election scheduled for Sunday, December 28. "I also thank my fans, members of my team and above all SWAG for the recognition," Agbeko said after receiving his award.
Injured Black Stars and Chelsea midfielder, Michael Essien was named the Best Footballer of the Year.
The London-based star, whose award was received on his behalf by ex-Black Stars defender Tony Baffoe, beat compatriots Sulley Muntari and Laryea Kingston to the prize.
The surprise package of the night was the National Paralympic Team, backed by their impressive outing at the last All Africa Games in Algiers, Algeria to claim three awards.
The Paralympic team was honoured as the Team of the Year, with Armstrong Aidoo and Ajara Mohammed picking up the Coach of the Year and Female Athlete of the Year awards respectively.Other award winners included Ransford Osei - Promising Player of the Year, Moussa Narry Discovery of the Year, John Ainoo - Dedication and Valour, Mirabel Lamptey - Female Hockey Player of the Year, Joseph Appiah - Male Hockey Player of the Year, Rozina Lomo - Handball Player of the Year, Afful Williams - Cyclist of the Year and Manyo Plange - Amateur Boxer of the Year.There were also Special Awards for Atta Eddie Pappoe, Daniel Arhin and Margaret Simpson for their contributions to boxing, disabled sports and athletics.The highlight of the night was the induction of retired commentator and first president of SWAG, Joe Lartey into the Association's Council of Patrons.In his remarks, The Special Guest of Honour, Mr Duah commended the award winners for their untiring efforts to bring sports to the limelight and urged them to build on their successes for the future. Ackah Anthony, President of SWAG also thanked corporate institutions and individuals who contributed immensely towards the success of the event.Ghana Commercial Bank (GCB), Graphic Communications Group Limited, Gemini Life Insurance Company (GLICO). Kenpong Construction Works, Guinness Ghana Breweries Limited, Kasapreko Distilleries, Coca Cola Bottling Company of Ghana and Voltic were amongst the main sponsors for the event.
MTN VOTEDAFRICAN MOBILE OPERATOR OF THE YEAR
COME TO THE AID OF LEPERS - REV.FATHER CAMPBELL
Rev.Father Andrew Campbell has called on corporate entities in Ghana to support lepers in the country. " They have nobody to care for them even their families have neglect them".LUNG TRANSPLANT FOR MICHEAL JACKSON
Michael Jackson has a potentially deadly genetic disease, it has been claimed.The 50-year-old pop superstar – who has previously been photographed looking frail in a wheelchair – is said to be battling inherited condition A1AD (alpha-1 antitrypsin deficiency) which leaves sufferers without a protein needed to protect the lungs. Ian Halperin, a respected writer, also claims father-of-three Michael is now nearly blind after keeping the deadly condition a secret "for years".He said: "He needs a lung transplant, but may be too weak to go through with it. He also has emphysema and chronic gastrointestinal bleeding, which hisdoctors have had a lot of trouble stopping. "It’s the bleeding that’s the most problematic part. It could kill him. He can barely speak. The vision in his left eye is 95 percent gone. For years Michael has been working with his doctors to make sure it doesn’t progress. He has been on many medications that have stabilised him." Michael’s brother Jermaine also revealed the Thriller singer – who is currently working on his comeback album with rappers including Ne-Yo – is "not doing so well right now", only saying: "This isn’t a good time."The news of Michael’s illness comes just days after a woman called Billie Jean Jackson, who claims to be the singer’s wife and the mother of his youngest son Prince Michael II, announced she is suing him for £700 000 (about R) and joint custody of the six-year-old child.GCB TO OFFER MOBILE BANKING SERVICES NEXT YEAR
Ghana Commercial Bank (GCB) on Monday said it would introduce mobile banking services next year to enable its customers to transact banking businesses even outside of banking halls.This new service is aimed at bringing banking operations closer to customers, especially very busy ones, who do not have time to visit the bank during normal working hours. Mr. Samuel Sarpong, Deputy Managing Director in charge of Operations, disclosed this at the opening of its 148th fully networked branch at Kisseiman in Accra.He said the opening of the Kisseiman Branch solidified GCB's position as the leader in the banking industry in the country. Mr Sarpong said the bank was currently upgrading its software and expressed the hope to complete it by March next year to allow for modern facility for efficient delivery. He said the bank had embarked on building offsite Automated Teller Machines (ATM) at various vantage points throughout the country to ensure that customers with ATM cards could access cash anywhere and at anytime.Mr Sarpong said GCB was not oblivious of the stiff competition in the banking industry, adding that the bank had embarked on retraining of its staff of over 2,000 to enable them to deliver efficient services to customers.He said refurbishment of existing branches and building of more customer units were ongoing to increase the bank's ambience. Mr Sarpong said apart from the normal savings, deposits and withdrawal services, the bank also offered royal banking, electronic and master card services with the hope of introducing visa card transactions next year. He said GCB remained resolute in its contributions to charities and other social projects.ADDRESS BY AUTHOR DURING THE LAUNCH OF "EXCURSIONS IN MY MIND" BY NANA DAMOAH
DEATH MESSAGE FOR PHILIPPA BAAFI
Philippa Baafi, a gospel songstress, is the latest victim of life threatening text messages being employed by undercover assailants to intimidate political opponents.The artiste, who has been on the campaign trail of the New Patriotic Party (NPP) since the heat of 2008 general elections, has been asked to end her flirt with the NPP or risk either being shot or having her triplet abducted.Her husband, Kwame Karikari, told Citi FM she received the first message yesterday at about 6:30pm.“The next time you perform for the NPP on stage we will shoot you for the stomach musician to learn a lesson; if you dare tell the media we will kidnap your triplet,” the text message read.The faceless agent also boasted to the family how it is bent on executing the task and warned them not to dare attempt to bring in the police.“We are too close to miss, the police can’t protect you, forget them; even if we are arrested you would be shot,” he recounted.Mr. Karikari said her wife has been working as a “professional musician” in that her hit song “Go high” was not sang originally to boost the chances of Nana Akufo-Addo or the NPP as perceived by a session of the public. The song was composed in July 2007 and Nana Akufo-Addo’s campaign was licensed in August this year to use the song only for the election period. He said the musician is ready to sell any of her songs to anyone interested.Philipa Baafi also explained that initially she was “more scared”, and but having been taken through some psychological counseling, she was no longer afraid because God is on her side. She was grateful to the police “for doing their best and putting the situation under control”.ANOTHER AWARDS FOR ANAS OF CRUSADING GUIDE
Anas Aremeyaw Anas, the Crusading Guide’s ace investigative reporter last week, scooped two prestigious human rights awards before international heavyweights such as the former United Nations (UN) Secretary General, Mr. Kofi Annan, President Jimmy Carter, the 39th President of the USA and the Noble Peace Price winner, Archbishop Desmond Tutu, Noble Price Laureate and Chair of the Elders and Mary Robinson, former President of Ireland and former UN High Commissioner for Human Right.He won Best Investigative Report and the Most Courageous Reporter. The awards were presented to him by Lyse Doucet, a Senior Presenter and Correspondent with BBC World TV and World Service radio at the Every Human Has Right campaign celebration and Media Awards ceremony.The award ceremony held in Lena, Paris, was organized by INTERNEWS EUROPE, an International Media Development Organization under the auspices of the French Government and supported by “the Elders” to mark the 60th Anniversary of the Universal Declaration of Human Rights which was passed on December 10, 1948 in Paris, France.Ambassador François Zimeray, French Ambassador for Human Rights and Stephane Hessel, Ambassador of France and participant in drafting the Universal Declaration of Human Rights, 1948 together with the above mentioned dignitaries who constitute the eminent group known as “the Elders” took turns to salute the great work on human rights done by the 30 journalists invited from all over the world for the programme.Anas who was represented by Mary Fianko Akuffo, a reporter of the Crusading Guide, was the only journalist who won two (2) awards out of seven (7) special prices awarded to the international journalists from all over the world for their immense contributions toward the defense of human rights at their various local and international levels. There was a big applause from the crowd including the Elders, when Jimmy Briggs, Chairman of the Jury mentioned Anas as the winner of the two special awards.Kootchars Matsuura, Director General of UNESCO in his speech congratulated Anas for his investigative skills and the impact the story had had on Ghanaians, Africans and the world. The other five special awards were the Best Tv Report award which went to Michael Duffy from Channel 7 Network in Australia, the Best Radio Report, given to Rodrigo Tornero from FM La Tribu in Argentina, and Mario Magalhaes and Joel Silva from Folha de Sao Paolo in Brazil won the Best Print Report. The remaining two awards were the Best Blog / Citizen Journalism Report which was won by Al Rabih Ould Edum from Mauritania and the Public Vote For The Most Revealing Report was also awarded to Ben Fundis, Clara Long and John Drew from United States.Former U.S. President Jimmy Carter called the award winners "a glorious parade of heroes.” Mary Robinson told the invited guests that, in dealing with human rights issues, "Journalists are an incredible way of carrying the message”. The ceremony was attended by great personalities like Manana Aslamazyan, Executive Director of Internews Europe, Ingrid Srinath, Secretary General of Civicus: World Alliance for Citizen Participation and Irene Khan, Secretary General of Amnesty International. Others include Ramesh Singh, C.E.O. of Action Aid International, Kumi Naidoo, Co-Chair of Global Call to Action Against Poverty (GCAP) and Kootchars Matsuura, Director General of UNESCO. The awards were sponsored by The Elders, a group of senior statesmen put together by Nelson Mandela and bankrolled by musician Peter Gabriel and British mogul Richard Branson.At a reception, Kofi Annan in a chat with Mary Akuffo, congratulated the Crusading Guide and its team of crack investigators for a job well done, urging them to do more of such great human right stories.This award adds up to total of (4) four major international awards won by Anas in the 2008 working period; the US State Department Award on Trafficking In Persons (TIP) award (Washington) was the first with Kurt Schorck award in international Journalism (London) following. Internews received over 500 entries, with stories focusing on 108 countries; national, regional, and international juries selected 30 stories to receive the Internews 'Every Human has Rights' Media Award. Winning journalists received an all-expenses paid trip to Paris to cover the 60th anniversary events. Musician Peter Gabriel and businessman Richard Branson, who together conceived the idea of the Elders, and journalist and author Mariane Pearl, who served on the international jury for the media awards also graced the occasion. Thursday, December 18, 2008
ZAIN SUPPORTS TWO DEPRIVED SCHOOLS IN GHANA


6th ANNUAL GLOBAL TEENAGER AWARDS HELD IN ACCRA


Debt: Ghana’s Embassy in Equatorial Guinea closed

WILL WE NEVER LEARN ?

It is still too early to gauge the real depth of the downturn. But there is little doubt that the economic and financial weaknesses afflicting the world economy are mutually reinforcing. Many industrial countries are on the verge of recession. Combating deflation takes precedence over inflationary concerns, as headline inflation is likely to dip below zero in the coming months. While many developing and emerging economies are still growing, their economic outlook has severely deteriorated in recent months.
Despite this downward trend, however, economic activity has been resilient for some time in a number of developing and emerging economies. Before the crisis fully unfolded, domestic demand had assumed a bigger role in their growth performance and they had reduced their dependence on foreign capital by building up current account surpluses. In fact, those developing countries that have shown some resilience are those with a high share of manufactures in their total trade. These countries were able to improve their external positions in the aftermath of the Asian and Latin American financial crises of a decade ago and the associated large real exchange rate depreciations. Governments and central banks subsequently sought to maintain a competitive real exchange rate through active exchange rate management. This made them less vulnerable to speculative attacks and also allowed them to soften adjustment pressures – in other words, it considerably enlarged their policy space.
Traditional conditionality counterproductive
The countries most exposed to the crisis, by contrast, are those that combine high current-account deficits with a substantial build-up of foreign liabilities by the private sector. These countries have been the victims of "carry trade" – portfolio investment based on borrowing in low-yielding currencies and investing in high-yielding ones, which has led to overvaluation and a loss of competitiveness. Typical cases are Brazil, Hungary, Iceland, Romania and Turkey, but there are many others. Triggered by the subprime collapse, this currency speculation unwound and caused a sharp depreciation of the nominal and real exchange rates of the affected countries.
While exchange rate adjustment usually improves the overall international competitiveness of a country’s enterprises, which will eventually benefit their external accounts and help the real economy to recover, it can also entail major adverse balance-sheet effects for households and banks, at least in the short term. These short-term effects may cause severe stress in the domestic banking sector and a decline in household consumption, with serious consequences for growth and employment. A secondary negative impact stems from the efforts of central banks to defend the depreciated level of the currency through monetary and fiscal tightening. But such tightening – reminiscent of the IMF-supported policy response to the Asian crisis – is jeopardizing their economic recovery and unnecessarily tightening the global policy stance now, during one of the most severe recessions of the past century.
IMF assistance – at times combined with swap agreements or direct financial assistance from the EU or, recently, even the United States – has helped ease the immediate pressure on the currencies and banking systems of the troubled countries. But the origin of the problem – speculation of the carry trade type – raises doubts about the adequacy of the traditional IMF approach for tackling such a crisis. Raising interest rates to avoid further devaluation is rather like the tail wagging the dog (see chart). As in the Asian and Latin American crises, this policy response suggests that developed countries have failed to address the most pressing issue in international finance and trade. That issue is the need for an exchange rate regime that provides a stable international value of money and helps minimize the cost of adjusting the nominal exchange rate to differences in the cost levels of trading partners – an adjustment that is as indispensable as it is unavoidable.
The critical point is this: Traditional assistance packages or swap agreements, combined with restrictive policy prescriptions – or at least an expectation by donors that the spirit of such belt-tightening exercises will be applied by beneficiary countries – are clearly counterproductive. Indeed, countries that have been exposed to carry trade speculation need a real devaluation in order to restore their international competitiveness. They also need assistance to avoid a downward overshooting of the exchange rate, which would both hamper their ability to check inflation and unnecessarily distort international trade. But they do not need belt-tightening. Rising interest rates and falling government expenditure will only reinvite speculation and worsen matters in the real economy. In such situations, countries need expansionary fiscal and monetary policies to compensate for the fall in domestic demand, as long as the expansionary effects of devaluation have failed to materialize in a contracting global economy.
To stop an overshooting devaluation – which is the rule and not the exception – is very costly if attempted unilaterally, but very inexpensive if countries under pressure to devalue join forces with countries facing revaluation. Countries that are struggling to stem the tide of devaluation are in a weak position, as they have to intervene with foreign currency, which is available only in limited amounts. If the countries with appreciating currencies engage in a symmetrical intervention to stop the "undershooting", international speculation would not even attempt to challenge the intervention, because the appreciating currency is available in unlimited amounts: It can be printed.
Multilateral approach indispensable
Unless there is a fundamental rethinking of the exchange rate mechanism and the cost involved in the traditional "solution" of assistance packages without symmetrical intervention, the negative spill-over of the financial crisis into the real economy will be much higher than needed. In addition, "undershooting" of exchange rates will change trade structures and trade flows much more profoundly than is justified, given the losses of overall competitiveness experienced during the build-up of speculative positions. This would clearly jeopardize the effects of a conclusion of the Doha trade agenda and the attempt to abstain from protectionism – as reflected in the outcome of the recent G20 meeting in Washington.
Multilateral or even global exchange rate arrangements are clearly necessary to achieve and maintain global monetary and financial stability and to combine such stability efficiently with an open trading system. The idea of a cooperative global financial and monetary system would be to ensure, on a multilateral basis, the same rules of the game for all parties, just as multilateral trade rules apply to all trading partners. The main idea behind the creation of the International Monetary Fund was precisely to avoid destructive competitive devaluations. In a well-designed global monetary system, the advantages of currency depreciation in one country would have to be balanced against the disadvantages in another. Since changes in the exchange rate that deviate from purchasing power parity affect international trade in a very similar way to changes in tariffs and export duties, such changes should be governed by multilateral regulations. A multilateral regime would, among other things, require countries to specify the reasons for real devaluations and the dimension of the necessary changes. If such rules were applied strictly, the real exchange rate of all parties would tend to remain more or less constant, since the creation of competitive advantages for specific countries or groups of countries would not likely be accepted.
Notes: Monthly interest rate refers to the value on the 15th day of the month.
Data from December 2008 refers to the value on the 16th day of the month.
Interest rates refers to Hungary interbank overnight (middle rate), Brazil financing
overnight SELIC, Iceland interbank 1-day, South African interbank call
and US Federal funds target rate.


