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Utterances threatening nation’s stability prosecutable – Antwi-Danso affirms
The Dean of Academic Affairs at the Ghana Armed Forces Command and Staff College (GAFCSC), Dr Vladimir Antwi-Danso, has advised the citizenry to report politicians and other stakeholders who make utterances that threatens the stability of the country as some comments against the State are prosecutable.
“Individuals or politicians who make such utterances do not have the interest of the nation at heart and must be condemned and handed over to the right institutions to be dealt with accordingly since those utterances divide the nation, insult sensibility of Ghanaians, threatens stability of the country from both sides of divide,” he warned.
His comments are on the back of statements by some members of the two major leading political parties, the New Patriotic Party (NPP) and the National Democratic Congress (NDC), threatening chaos during the expected new voters’ registration exercise.
Dr Antwi-Danso reiterated that “those utterances that clearly indicate some politicians and other stakeholders don’t have nation at heart, both sides are just talking about issues that should not be spoken, it doesn’t build the nation, it doesn’t give us anything, it rather divides us”.
He admonished the media to sanitise their media houses by not promoting reckless comment made on their platforms and laws of the nation must work because some comments against the State or president are prosecutable, there must be sanity in media since journalists can’t be blamed for such comments but how they go about it is important.
“Set agenda, condemn comments, and call on law enforcement agencies next time they are speaking they will be circumspect, publish and shame them because a good politician is one that puts interest of nation rather than talking by heart just for power, media houses must sanitise platforms by not promoting reckless comments,” Dr Antwi-Danso stressed. -ghanaweb.com
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
