News
NTC appoints 2 Deputy Editors
The New Times Corporation (NTC) has appointed two persons to senior positions at its Editorial Departments.
Mrs. Georgina Naa-Maku Quaittoo, has been appointed the Deputy Editor of The Spectator, while Mr. Augustine Cobba-Biney has also been appointed Deputy Editor of the Ghanaian Times.
Their appointments took effect from February 1, 2021.
Deputy Editor,
The Spectator
Mrs Quaittoo, who has over 17 years experience in journalism, joined the NTC as a Senior Reporter, rose to the rank of Chief Reporter and to Assistant Editor.
She began her journalism career with the Ghanaian Times before moving to The Spectator. Prior to her appointment as Deputy Editor, she acted as the Editor of The Spectator from January 2019 to October, 2020.
Mrs Quaittoo is passionate about the vulnerable, and as Gender Desk Editor, she wrote extensively on women and children bringing their issues to the fore for redress. She wrote extensively also on science and technology, nutrition and relationship.
She holds a Master of Arts (MA) degree in Gender, Peace and Security (MGPS) from the Kofi Annan International Peacekeeping
Training Centre, a Master of Arts (MA) degree in Adult Education from the Institute of Continuing and Distance Education, University of Ghana.
She again holds a Post-graduate Diploma in Communication Studies from the School of Communication Studies, University of Ghana, a Bachelor of Arts (Hons) degree and a Diploma in Education from the University of Cape Coast.
Mrs Quaittoo hopes to support the Editor to take The Spectator to new heights.
Mr Cobba-Biney
Mr Cobba-Biney, who was employed on March 1, 2001 as the Central Regional Correspondent of the Ghanaian Times, brings on board 20 years of experience in journalism practice.
He rose through the ranks to become the Deputy News Editor in November 2012. In February 2017, he was appointed the Sub- Editor of The Spectator.
Until his appointment as the Deputy Editor, Mr Cobba-Biney was the Night Editor of both Ghanaian Times and The Spectator.
He has covered high profile assignments including the National Reconciliation Commission and the Constitutional Review Commission sittings.
Mr Cobba-Biney is a former Central Regional Secretary of the Ghana Journalists Association and was among 35 best journalists nominated by the Association for its awards in 2012.
He holds a Master of Arts (MA) degree in Media Management from the Ghana Institute of Journalism, a Degree in Communications Studies from the University of Ghana and also a Diploma in Journalism from the Ghana Institute of Journalism.
News
Ghana achieves 98% participation in Eurobond debt restructuring
The Ministry of Finance has announced the successful completion of its Eurobond debt exchange and consent solicitation process.
The initiative, which aims to restructure Ghana’s Eurobond debt, has received overwhelming support from bondholders, marking a significant milestone in the country’s economic recovery efforts.
Launched on September 5, 2024, the offer invited eligible holders of Ghana’s Eurobonds to exchange their existing bonds for new ones under two menu options—Par and Disco.
As of the final expiration deadline on September 30, 2024, 98.6% of bondholders, representing the recognized principal amount of the existing bonds, participated in the offer.
During the bondholder meetings on Thursday, October 3, holders of the 2013, 2014, and 2015 WB-Guaranteed Notes passed extraordinary resolutions with over 90% representation, enabling the restructuring process to proceed smoothly.
Meanwhile, for Aggregated CAC Notes, consents exceeded 98.7%, meeting the required thresholds for the exchange.
A majority of bondholders (91% of the principal amount) opted for the Disco menu of new notes, while 7.6% chose the Par menu, which remained under its cap of U.S. $1.6 billion, leaving a balance of U.S. $605 million available for future allocation.
Subject to the terms of the exchange, a total of U.S. $126 million in consent fees will be distributed to eligible bondholders who submitted their instructions by the early consent deadline.
The new bonds are expected to be issued on or around October 9, 2024, with full settlement to follow shortly thereafter.
The successful completion of this exchange is a critical step in Ghana’s broader debt restructuring efforts under its International Monetary Fund (IMF) programme, further strengthening the country’s path towards debt sustainability and normalizing relations with international capital markets.
The Government of Ghana expressed gratitude to bondholders for their participation and support, emphasizing that this successful outcome reflects a shared commitment to restoring the country’s economic stability.
In preparation for the issue date, all existing Eurobonds, including those for which no consent or exchange instructions were given, will be blocked from trading to ensure a smooth final settlement.
Source: Citinewsroom.com
News
Update on Nana Asante Bediatuo’s health
The Office of the President has responded to news making rounds regarding the health of Secretary to the President, Nana Asante Bediatuo.
According to the office in a statement, they wish to inform the public about the health status of Nana Bediatuo Asante, Secretary to the President.
They revealed that following the conclusion of the meeting of the 79th United Nations General Assembly (UNGA) in New York, in the United States of America, where he served as a key member of President Akufo-Addo’s delegation.
The statement added that Nana Bediatuo Asante stayed behind to conduct further government business.
They added that he then began to feel unwell, and was subsequently admitted to hospital.
According to the statement, he is currently in stable condition and responding well to treatment. The medical team added that, Nana Bediatuo Asante’s recovery is on track, and we remain hopeful for his swift return to full strength.
“We ask for continued prayers and support for him and his family during this difficult period. Further updates will be provided when necessary,” he concluded.
By Edem Mensah-Tsotorme
