News
ATU holds education outreach, clean-up exercise to mark 75th anniversary

Mrs Caroline Brown guiding students of St John’s Senior
High School through an experiment.
The Accra Technical University (ATU) as part of its 75th anniversary celebrations, held an education outreach programme for the Teshie Training Centre and Teshie St John’s Senior High School (SHS) in Accra last Friday.
Spearheaded by the Department of Science Laboratory, the university also presented some laboratory items to the two second cycle institutions.
The outreach and donation was also aimed at contributing to the enhancement of teaching and learning at the schools as well as a commitment to community engagement and social responsibility.
The items presented were plastic beakers, 600ml glass beaker, 250 conical flask, plastic measuring cups, measuring cylinders, stirring rod, plastic pipette, glass test tubes, plastic test tubes and thermometers.

They also presented inoculating loops, pony beads, kidney beans, pinto beans, rubber gasket, plastic weighing bowls, flexible tube, tissue culture plates, magnet wires and aluminum foils.
The students were taken through some practical laboratory demonstrations and enlightened on the need to build careers in applied sciences.
Speaking at the event, the Head of Science Laboratory Department of ATU, Dr Phyllis Naa Yarley Otu encouraged young scientists, especially females to consider the prospects and impact of studying applied sciences.
“We need to develop suitable technologies for local community needs and expand our advisory roles to government and the industries,” she added.
On his part, the Outreach Committee Chairman, Mr Kojo Ayittey added that, it was important to have hands-on skills to ensure that students get employment after school.
He therefore urged the students to consider attaining higher education at the ATU, since they would be guaranteed jobs after completion.
The Principal of Teshie Training Centre, Mabel Asare expressed appreciation to the ATU for the support and vowed to utilise the items to make the ATU proud.
Prior to the outreach programme, the ATU also held a clean-up exercise at the Kwame Nkrumah Memorial Park and the ATU community.
Students, faculty members and volunteers came out in their numbers to engage in the exercise aimed at improving sanitation within the area.
By Michael D. Abayateye
News
Over GH₵80m was collected in betting tax, Amin Adam got it wrong – Finance Minister

Ghana’s Minister for Finance Ato Forson says the claim by former Finance Minister Mohammed Amin Adam that the erstwhile administration never implemented the betting tax is not factual.
Speaking at a new conference on Tuesday, March 11, shortly after the Finance Minister presented the new government’s first budget statement and abolished the e-levy, betting tax among others, the former Finance Minister said the NPP government never enforced the controversial tax on lottery and sports betting winnings.
Dr Amin Adam said it was deceptive for the NDC government to claim to abolish a tax that was never collected although the law was passed in 2023.
“Betting tax that they said they have abolished, we never collected Betting Tax. So to come and tell Ghanaians that you have abolished something that you have not implemented, is to deceive the people of Ghana.”
Responding to the claims in an interview with Evans Mensah on JoyNews’ PM Express on Tuesday night, the Finance Minister said his colleague on the other side appears not to be on top of that issue.
“I don’t think he’s on top of that matter because my checks revealed that it was implemented in the second half of 2024. And my checks also reveal that year-to-date, the government of Ghana has collected over GH₵80 million from betting tax, so I don’t know what he’s talking about. It is not the fact. The fact on the ground does not support his assertion. Clearly, the betting tax was implemented,” he insisted.
News
Whoever created BoG’s GH₵53bn negative equity mess should be held responsible – Dr. Atuahene

Banking consultant Richmond Atuahene has called for accountability over the Bank of Ghana’s (BoG) GH₵53 billion negative equity, insisting that those responsible for the mess must be held accountable.
In an interview on Joy FM’s Midday News on Wednesday, March 12, he called for those responsible for breaching financial regulations to be summoned before Parliament to explain their actions.
“There was a law that stated they should not exceed a 5% fiscal financing threshold, yet they went as high as 60%. This is a clear violation, and they cannot claim ignorance. The Governor, the Minister, and those involved must be held accountable for their actions,” he asserted
His comment comes after the Finance Minister, Dr. Cassiel Ato Forson, advised BoG to explore internal cost-cutting measures instead of relying on taxpayer funds for a GH₵53 billion bailout to address its negative equity position.
Dr. Atuahene supported the Finance Minister’s stance that the government cannot afford to recapitalise the central bank at this time, given the nation’s fiscal constraints.
“Like the Minister said, you don’t create a mess and leave it for others to clean up. Whoever created this mess must take personal responsibility. When they engaged in the monetisation of fiscal deficits in 2021 and 2022, some of us warned them about the consequences, but they didn’t listen,” he stated.
Dr. Atuahene stressed that rather than relying on external funding, the Bank of Ghana should explore internal restructuring, cost-cutting, and asset sales, including a sale-leaseback arrangement on some of its properties, to raise the necessary capital.
He also highlighted the potential damage to Ghana’s international credibility if the Bank of Ghana remains in a financially distressed position.
“This affects Ghana’s credibility. BoG has correspondent relationships with the Bank of England, the Federal Reserve, and the African Development Bank. If it continues to operate in a capital-deficient state, international institutions may lose confidence in our financial system,” he warned.
Dr. Atuahene also criticised the central bank for insisting that it is “policy solvent,” arguing that capital solvency is more critical in this situation.
“You can claim policy solvency all you want, but if you are capital insolvent, it means you cannot function properly. BoG has been making losses year after year. They made losses in 2023, and they are making losses in 2024. How long will this continue?” he questioned.
Source: Myjoyonline.com