News
Prez Akufo-Addo appoints Paul Adom-Otchere to chair GACL board
President Nana Addo Dankwa Akufo-Addo has appointed broadcast journalist Paul Adom-Otchere as the board chairman of the Ghana Airports Company Limited (GACL).
The seven-member GACL board also includes Mr Yaw Kwakwa, the Managing Director of the company, Mr Teye Adjrackor, nominee of the President; Mr Kwabena Mantey Jectey Nyarko, nominee of the President; Madam Philomina Sam, nominee of the President; Mr Francis Kofi Nunoo, Ministry of Transport; and Group Captain Cervase Wienaa.
The Host of Good Evening Ghana on Metro TV, Mr Adom-Otchere was also on the board of the National Communications Authority (NCA) during President Akufo-Addo’s first term.
By Edem Mensah-Tsotorme
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
