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Nana Kwasi Gyan-Appenteng’s AFCON 2024 Diary-1
The Africa Cup of Nations: Will the Black Stars Anchor Hold?
The Africa Cup of Nations (AFCON), currently underway in Abidjan, Ivory Coast, has a storied history that spans over six decades.
As one of the most prestigious football tournaments on the African continent, AFCON holds immense importance, not only for football enthusiasts but also for the participating nations and their citizens.
A bit of history
AFCON traces its roots back to 1957 when the inaugural tournament took place in Sudan.
Initially, only three teams participated: Egypt, Sudan, and Ethiopia. Since then, the tournament has evolved and expanded, becoming a platform for African nations to showcase their footballing prowess.
AFCON holds great significance for African nations as it provides a platform for national teams to compete against each other, fostering unity and a sense of national pride.
The tournament showcases the immense talent and passion for football that exists across the continent.
Over the years, AFCON has witnessed remarkable growth, both in terms of participation and global recognition.
From its humble beginnings, the tournament now features 24 teams, attracting millions of viewers worldwide.
The competition has also become a talent showcase, providing a springboard for African players to secure contracts with top European clubs.
Moments and Icons:
Throughout its history, AFCON has seen numerous memorable moments that have etched themselves into the annals of African football.
From Ghana winning the initial cup for keeps, Egypt’s unprecedented dominance by winning the tournament a record seven times, to Cameroon’s thrilling victories in 1984 and 2000, each edition has produced its fair share of unforgettable matches and individual performances.
The tournament has also given rise to legendary players who have left an indelible mark on the sport. Icons like Samuel Eto’o, Yaya Touré, Jay-Jay Okocha, Abedi Pele, and Roger Milla have showcased their extraordinary skills on the AFCON stage, inspiring generations of African footballers.
Beyond Football: Social and Economic Impact:
AFCON’s importance extends beyond the realm of football. Hosting the tournament offers significant economic benefits to the host nation, boosting tourism, infrastructure development, and local businesses.
It also provides an opportunity for African countries to showcase their cultural heritage, fostering a sense of unity and promoting the continent as a vibrant and diverse destination. Moreover, AFCON serves as a powerful tool for social cohesion and nation-building.
The tournament brings together people from diverse backgrounds and unites them under a common love for the game, fostering a sense of national identity and pride.
As the Africa Cup of Nations continues to captivate football fans across the globe, its rich history and enduring importance become increasingly apparent.
This tournament not only celebrates the exceptional footballing talent that Africa possesses but also serves as a catalyst for social and economic development. AFCON is a testament to the power of sport in bringing people together and showcasing the best of the African continent.
The Black Stars in the mix
It is with this rich background of the tournament that Ghanaians are tormented by the 40-year cup drought. The Black Stars have lifted the cup four times, but it has been 42 years since a Ghanaian finger intentionally touched Africa’s foremost football trophy.
Since then, we have come close on a number of occasions, especially the two finals that were both won by Ivory Coast in penalty shoot-outs in 1992 and 2015.
Today, it would take bravery or foolhardiness, perhaps a combination of the two, to declare Ghana as one of the favourites of the tournament. But Ghana has history as its anchor, and our opponents don’t write us off, not even after succumbing to the likes of Comoros. Maybe, just maybe, the Black Stars achor will hold.
The 2024 edition of this venerable competition is on, and your daily Diary will keep you informed and entertained. Stay tuned.
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GEXIM deepens relations with US EXIM Bank
A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
