News
NASCO Electronics commits USD 60,000 to Black Stars AFCON, World Cup bid
NASCO Electronics, one of the top electronic brands, is on course to raise USD 60,000 to support the Black Stars at this year’s Africa Cup of Nations and the 2022 World Cup qualifiers.
The company made a part presentation of USD 10,000 to the Ministry of Youth and Sport at a short ceremony in Accra on Wednesday.
Mr. Vincent Azan Gbiok, National Sales Manager of Electroland Ghana, said the company would for the next six months commit part of its monthly sales to support activities of the national team, in line with President Akufo Addo’s appeal to corporate bodies.
He said NASCO Electronics would donate USD 10,000 every month to the Black Stars from August 2021 to January 2022 to improve the fortunes of the national team in the upcoming tournament.
“Football is the passion of our nation and we will continue to support the Black Stars and it is our wish that the team qualifies for Qatar 2022 and end our 40 year AFCON drought in Cameroun 2022,” he said.
Mr. Gbiok said the company was committed to promoting sports in the country hence the institution of the ‘NASCO Player of the Match’ award in the Ghana Premier League and the Women’s Premier League.
Mr, Musatapha Yussif, Minister of Youth and Sport, praised the company for the initiative saying it would go a long way to relieve the financial burden on the government ahead of the tournament, and urged other corporate bodies to support other sporting disciplines.
Mr Nour, Sekloui, Managing Director of Electroland Ghana, said the company would continue to provide quality products and services and continue to invest in other sectors of the economy.
By Ernest Nutsugah
News
We have built enough buffers to pay all DDEP obligations – Finance Minister Ato Forson
Finance Minister Dr Cassiel Ato Forson has assured banks that the government has built sufficient financial buffers to meet all Domestic Debt Exchange Programme (DDEP) obligations this year.
Speaking at a high-level meeting with over 22 Managing Directors of banks, he reaffirmed the government’s commitment to fiscal responsibility and restoring confidence in the financial sector.
“We do not intend to default,” Dr. Forson declared.
“All outstanding holdouts have been paid, and we have put in place the necessary buffers to ensure that every single DDEP obligation for this year will be met.”
The Minister explained that these buffers were created through fiscal discipline, strategic investment cuts, and prudent resource allocation.
As part of this approach, the government has reset goods and services expenditure to 2023 levels and is working to achieve a primary surplus of 1.5% to sustain economic stability.
He also announced plans to submit a fiscal responsibility rule to Parliament, which will set a debt ceiling that the Ministry of Finance cannot exceed.
This measure aims to prevent excessive borrowing and reinforce financial discipline.
Beyond ensuring timely DDEP payments, Dr Forson revealed that the government is taking deliberate steps to reduce reliance on the Treasury bill market.
By improving coordination between fiscal and monetary policies, the government aims to stabilize interest rates and ease liquidity pressures on the banking sector.
Source: Myjoyonline.com
News
NSA commences President Mahama’s ‘Nkoko Nkitikiti’ vision
President Mahama’s Vision in Progress as the National Service Authority has received 10,000 “Nkoko Nkitikiti” (Day Old Chicks ) earlier this morning.
Their ongoing 100,000 Poultry infrastructure will be receiving 10,000 Day Old Chicks every few weeks until they hit their 100,000 mark for Broilers at a site in NSA Demonstration farm in Accra.
NSA is working assiduously nationwide with partners to put the infrastructure in place for hundreds of thousands of Poultry Capacity for Broilers in clusters.
Egg production is also top of their agenda in separate projects. NSA is currently putting in place the infrastructure that will receive thousands of layers in President Mahama’s quest to bring down the cost of eggs.
They expect to expand their poultry capacity base in furtherance of President Mahama’s vision to reduce the importation of poultry products and create employment
