News Headlines For 04/04/16

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News Headlines: Monday 4th April, 2016

PRUDENT SPENDING CRITICAL: AG. BOG GOVERNOR DECLARES
Acting Governor of the Bank of Ghana, Mr Millison Narh has identified effective alignment of monetary and fiscal policy, prudent expenditure regimes and reliance on long-term bonds for infrastructure projects as critical for Ghana to navigate its way through the shocks of falling commodity prices.

STL’S ROLE IN ELECTIONS: EC UNDER PRESSURE
Immense pressure is mounting on the Electoral Commission (EC) of Ghana to disclose full details of its contractual agreement with Superlock Techonologies Ltd (STL) and their role in the election processes in the country.

AFRICA MOVES TO HALT $50BN LOOT BY MULTINATIONALS
The African Union has constituted a consortium made up of experts to draw up modalities to halt illicit Financial Flows (IFFs) out of the African continent orchestrated by multinational companies, which is estimated at over $50 billion each year.

BANKERS DEFEND WAMPAH’S LEGACY
Some banking practitioners have jumped to the defence of the ired Bank of Ghana Governor, Kofi Wampah, whose legacy has come under severe scrutiny following his retirement from the central bank last week.

CEDI Q1 PERFORMANCE BREAKS POOR CYCLE
The cedi demonstrated a rare performance to survive the seasonal first-quarter blues by losing only 1.4 percent of its value against the dollar as compared to 14.6 percent in the same period last year.

‘GNPC MERGER WITH GHANA GAS ALMOST COMPLETE’
Petroleum Minister, Emmanuel Armah-Kofi Buah, has said that the process leading to a takeover of Ghana Gas by the Ghana National Petroleum Corporation is almost complete.

FIX THE ECONOMY NOW OR LOSE POWER – THE ECONOMIST TELLS PREZ MAHAMA
The Economist International Unit (EIU) in London has suggested to President John Mahama to fix the economy before November 2016 or risk losing power to the opposition NPP.

MILLISON NARH TAKES OVER AS ACTING GOVERNOR OF THE CENTRAL BANK
First Deputy Governor of the Bank of Ghana, Millison Narh, has taken over as acting governor until substantive governor is appointed by President John Mahama.

BNI ARRESTED MD OVER NDC CARS
The BNI and the National Security apparatus have found themselves in a fresh wave of controversy after the weekend arrest of persons they claim too photographs of some branded vehicles of President Mahama without authority and circulating these on social media.

ANLO CHIEFS FLAY NDC
The ruling NDC seems to be losing credibility in its stronghold, the Volta Region.

NPP BOYCOTTS OKAY, NEAT FMs
The opposition NPP has finally boycotted all political programmes on Okay and Neat FM, all Accra-based radio stations.

STOP RELYING ON UNREALISTIC PROMISES – NDUOM TELLS YOUTH
Celebrated Ghanaian entrepreneur, Papa Kwesi Nduom, has charged Ghanaian youth to take their destinies into their own hands and stop relying on unrealistic promises by politicians.

‘MAHAMA ORDERED ME TO SCAK DCE’ – COLLINS DAUDA
  Minister of Local Government and Rural Development, Alhaji Collins Dauda, has stated categorically that President John Mahama was the one who ordered him to write a letter to sack the former DCE for Atebubu-Amentin District Assembly, Mr Sampson Owusu Boateng, from office.