Connect with us

News

Cedi stability partly due to NPP policies – Prof. Bokpin

Published

on

Economist and Finance Professor at the University of Ghana, Professor Godfred Bokpin, has stated that the New Patriotic Party (NPP) deserves partial credit for the current stability of the Ghanaian cedi.

He cited improved macroeconomic indicators and the continuity of certain policies as factors contributing to the cedi’s resilience.

Speaking in an interview on Citi FM on Wednesday, 21 May, Professor Bokpin acknowledged that while multiple elements are responsible for the cedi’s performance, the previous NPP government’s post-election economic management had a significant impact.

READ ALSO: Ghanaians Celebrate as Cedi Appreciates to GH¢11 Against the US Dollar

“To some extent, the NPP should be given some credit. If you look at the data after December 2024, after the election under the IMF programme, we missed practically all the indicators, except for two,” he explained.

“One was GDP growth, which was higher than the programme’s target. We ended the year with 5.7%, and the other was our international reserves.”

He pointed out that the former government’s efforts, particularly through the Gold-for-Reserves programme, helped shore up foreign reserves — a move that created a foundation for the current administration to build upon.

He emphasized that this foundation has played a role in stabilizing the foreign exchange market.

READ ALSO: Iran sanction relief could send Cedis soaring at GH₵8 per dollar – Analyst

Professor Bokpin concluded that the relative currency stability being experienced is not the result of a single government’s action but rather a continuation of prudent policies.

“Such policy continuity, especially in the management of foreign reserves, has contributed to the relative stability observed in the foreign exchange market,” he noted.

myjoyonline.com

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

News

NACOC Seizes Cannabis at Swissport Terminal; 2 Arrested, 2 at Large

Published

on

The Narcotics Control Commission (NACOC) has delivered a significant blow to international drug trafficking networks with the seizure of 738 compressed parcels of suspected cannabis at the Swissport Terminal in Accra on July 5.

The substantial illicit consignment, meticulously hidden within 40 boxes falsely labelled as “assorted food items”, was on its way to the United Kingdom, highlighting the country’s persistent challenge as a transit point for illicit drugs bound for European markets.

This latest interception follows weeks of intensive intelligence gathering and surveillance by NACOC officials, a testament to their continuous efforts in disrupting sophisticated drug operations.

Two individuals have been apprehended in connection with the Swissport seizure and are currently assisting with investigations.

However, authorities have declared two other key suspects, Lincoln Nii OKAIJA (born March 27, 1979) and Kate DAVIDSON, alias “Esi”, as wanted persons, urging the public to provide any information that could lead to their capture.

The trafficking of cannabis remains a prevalent issue in Ghana.

According to NACOC’s 2022 statistics, the commission seized a record-breaking 59,900 kg of illicit drugs that year, a significant increase from 15,458 kg in 2021.

While cocaine seizures often dominate headlines, cannabis consistently features in large quantities due to its local cultivation and demand, as well as its role in international illicit trade routes.

In a related and equally impactful development, NACOC on June 24 conducted a major anti-narcotics operation across Akyem Oda and Akroso in the Eastern Region.

This targeted raid, the culmination of weeks of meticulous intelligence work and discreet surveillance on suspected individuals and businesses, resulted in the arrest of 14 suspects involved in the possession and distribution of illegal drugs.

As part of the stringent crackdown in the Eastern Region, NACOC officials shut down three licensed chemical stores found to be engaging in illicit activities.

These establishments were discovered to be selling unregistered and controlled substances without proper authorisation, a dangerous practice that fuels drug abuse within communities.

The operation yielded large quantities of illegal drugs and suspicious pharmaceutical products, including “red” (likely codeine-based cough syrup, a commonly abused substance in Ghana) and cannabis, among others.

Ghana has been actively collaborating with international partners, including the UK, to combat drug trafficking, recognising its transnational nature.

Such collaborations involve intelligence sharing, joint operations, and capacity building to dismantle criminal networks.

Penalties for drug trafficking in Ghana are severe, with the Narcotic Drugs (Control, Enforcement and Sanctions) Act of 1990 (PNDCL 236) stipulating a minimum of ten years imprisonment for offences related to possession, importation, or exportation of narcotic drugs without lawful authority.

NACOC officials have reaffirmed their unwavering commitment to dismantling drug networks across the country.

They have appealed to residents to remain vigilant and to report any suspicious drug-related activities in their communities, emphasising that public cooperation is paramount to their success in ensuring a drug-free Ghana.

These recent operations underscore NACOC’s proactive stance in safeguarding public health and national security from the pervasive threat of illegal narcotics.

myjoyonline.com

Continue Reading

News

Two Rescued After Early Morning Trailer Crash In Asante Akim Central

Published

on

Two individuals were rescued in the early hours of Saturday, 5 July, following a serious collision between two trailers on the Three Lane stretch in Asante Akim Central.

According to a statement issued by the Ghana National Fire Service (GNFS), Konongo-Odumase Fire Station GNFS via their official Facebook page, upon receiving a distress call rushed to the scene.

Arriving at the scene to find two trailers involved in a crash one Nigeria-bound Man Diesel trailer with registration number JBD 704ZY and another with registration number GS 7884-18.

The crash left two persons trapped inside the vehicles.

Leading Fireman (LFM) Siale headed the GNFS rescue team, which employed advanced extrication techniques including door removal, pedal removal, and dashboard rolling to free the victims safely.

Both casualties were transported to a nearby hospital for medical treatment. Their current conditions have not yet been disclosed.

Preliminary details indicate that the trailer registered GS 7884-18 sustained severe frontal damage, while the Nigeria-bound JBD 704ZY trailer suffered partial damage to its rear.

Authorities have commenced investigations to ascertain the cause of the crash.

myjoyonline.com

Continue Reading

News

SHS Girl Shot Dead At Bimbilla Fire Festival Celebration

Published

on

A young girl whose name has been given as Fatima has been shot dead at the Fire Festival in Bimbilla, within the Nanumba North Municipality of the Northern Region.

According to a reporter with Beat FM, Mohammed Abdul-Rashid Natogmah, Fatima, a year two student of the Bimbilla Senior High School, was hit by a stray bullet while a procession was moving from the regent’s palace to the Wampu Dam, where the fire was to be thrown.

READ ALSO: Stray bullet kills Nkwanta SHS student in Oti Region

Mr Natogmah said they were at the palace when they heard someone had been hit by a bullet, adding that they moved to the hospital to confirm the incident.

“I was at the palace when we heard the incident, so we rushed to the hospital, and the dead body was brought to the hospital. I even helped in removing the dead body,” he narrated.

Mr Natogmah said a young lady, assumed to be a friend of Fatima, who was part of the team that accompanied the body to the hospital, said they had sneaked out of the house to the festival because their parents had asked that they should not attend the festival.

“When we asked, the lady told us the girl was from one area called Bayawaya in Bimbilla, and the name is Fatima. She said before they came out, the parents didn’t want them to come out, so they hid and sneaked to the scene,” he said.

Mr Natogmah said the source of the shot remains unknown, and the police have yet to commence investigations into the incident.

The Regent of Bimbilla, Nyelimbolgu Naa Yakubu Andani II, had cautioned against any acts that could mar the beautiful celebration.

He emphasised that the celebration held significant importance for the area and urged the youth to conduct themselves with decorum.

myjoyonline.com

Continue Reading
STREET IS WATCHING episode 1
Advertisement
Sports56 minutes ago

Fluminense 0–2 Chelsea: Joao Pedro Fires Blues Into Club World Cup Final

Sports1 hour ago

Today in History: Germany Humiliates Brazil 7–1 in 2014 World Cup Semifinal

Football2 days ago

Kotoko 2–1 Hearts of Oak: Porcupines Win 2025 President’s Cup in Super Clash Thriller

News2 days ago

NACOC Seizes Cannabis at Swissport Terminal; 2 Arrested, 2 at Large

News2 days ago

Two Rescued After Early Morning Trailer Crash In Asante Akim Central

News2 days ago

SHS Girl Shot Dead At Bimbilla Fire Festival Celebration

News2 days ago

Armed Robbers Shoot 4 Passengers on Winneba Highway, One Arrested

Showbiz2 days ago

DJ Blaze Gee – Shake It To The Max Remix | MP3 Download

Sports2 days ago

OFFICIAL: Arsenal Agree Terms with Viktor Gyökeres in Record-Breaking Move

Sports2 days ago

OFFICIAL: Arsenal Complete £51M Deal for Spain’s Martín Zubimendi

Sports3 days ago

Real Madrid 3–2 Borussia Dortmund: Dramatic Win Sends Madrid into Club World Cup Semis

News3 days ago

Commercial Use Of Tricycles Still Illegal – Judge Reminds Operators

Football3 days ago

PSG 2–0 Bayern: Nine-Man Parisians Stun Bavarians to Reach Club World Cup Semis

News3 days ago

Government To Convert National Cathedral Site Into National Cultural Convention Centre

Sports3 days ago

OFFICIAL: Kyle Walker Joins Burnley in Surprise £5M Move from Man City

Showbiz3 days ago

RCee – Agenda | MP3 Download

Football4 days ago

Palmeiras 1–2 Chelsea: Blues Advance to Club World Cup Semi-finals After Late Own Goal

Sports4 days ago

Fluminense 2–1 Al Hilal: Brazilian Side March into Club World Cup Semifinals

News4 days ago

VIDEO: Two St. Louis SHS Students Caught Hiding in Car Trunk in Foiled Break-Bounds Attempt

Campus4 days ago

Prempeh College Crowned Champions of 2025 Luv FM High School Debate

Opinion2 months ago

A LETTER TO GES

Showbiz2 months ago

Bogo Blay – Woman (Produced By FimFim)

People & Lifestyle2 months ago

The differences between ‘I love you’ and ‘I’m in love with you’

Showbiz2 months ago

Kofi Kinaata Honoured with “Youth in Entertainment” Award at 2025 Millennium Excellence Awards

Showbiz2 months ago

Webz – Odo | MP3 Download

News2 months ago

‘Not Chosen by Merit’ – Ghanaian Prophet Predicts Short Papacy for Pope Leo XIV

Sports2 months ago

El Clásico Thriller: Barcelona Edges Real Madrid 4–3 in Seven-Goal Spectacle

News2 months ago

GH¢49m Spyware Scandal: Ex-NSB Boss’s Claims Lack Credibility – Bright Simons

People & Lifestyle2 months ago

Efiewura TV series actor Koo Ofori arrested over alleged $50k fraud

Sports2 months ago

Alonso To Leave Leverkusen At End Of The Season

International2 months ago

VIDEO: Vladimir Putin Welcomes Burkina Faso’s Ibrahim Traoré to Russia for Victory Day Celebrations

News2 months ago

Newspaper Headlines: Friday, 9th May, 2025

News2 months ago

Ban on Drumming and Noise Making in Accra to Begin May 12 Ahead of Homowo Festival

Sports2 months ago

Today In History: May 9th Disaster at the Accra Sports Stadium

News2 months ago

Two Kidnapped Ghanaian Women Return from Nigeria, CID Confirms

News2 months ago

VIDEO: Bosomtwe Road Conditions Spark Concerns Over Dust Pollution

People & Lifestyle2 months ago

EVENT: Feyiase English Assembly Set for an Explosive Praise and Worship Experience!

News2 months ago

U.S. Visa: 61,000 applied in Ghana, only 25,000 approved in 2024

International2 months ago

Tanzanian opposition leader appears in court for treason trial

Sports2 months ago

Today’s Matches: Saturday, 10th May, 2025

News4 days ago

VIDEO: Suzzy Pinamang Returns to Ghana After Successful Eye Surgery in UK

News5 days ago

UPSA Condemns Staff Misconduct in Viral Altercation With Student

News6 days ago

VIDEO: We’ll Irrigate Over 2 Million Hectares Of Land Under 24-Hour Economy – Mahama

News6 days ago

VIDEO: Mahama Declares 24-Hour Economy Agenda A ‘National Reset’

International1 week ago

VIDEO: India Rejects Pakistan Army Claim It Was Behind Deadly Attack

International1 week ago

VIDEO: At Least 81 People Killed In Israeli Strikes In Gaza, Hamas-Run Health Ministry Says

International1 week ago

VIDEO: Thousands Protest In Bangkok Calling For Thai PM To Resign

International1 week ago

VIDEO: Serbia Police Clash With Anti-Government Protesters In Belgrade

News1 week ago

VIDEO: Ghanaian Woman Searches For Chinese ‘Galamsey’ Lover Who Fled After Impregnating Her

News2 weeks ago

VIDEO: Suzzy Pinamang Undergoes Successful Eye Surgery in UK – Rafik Mahama

Education2 weeks ago

VIDEO: ADA SHS Dismisses 20 Students For Leaving Campus To Swim In River

News2 weeks ago

VIDEO: Probe ‘disgraceful’ teachers’ viral fight – Kumawu MP to GES

News2 weeks ago

VIDEO: One person dead, five seriously injured in UCC road accident

News1 month ago

VIDEO: Cheddar’s Bodyguard Under Fire for Assaulting a Man at Mampong Funeral

People & Lifestyle1 month ago

VIDEO: Asante Mamponghene’s burial rites attract thousands of mourners

News2 months ago

VIDEO: Akrobeto Survives Car Crash on Accra-Kumasi Highway

Showbiz2 months ago

Twitch 4EVA – Temperature Ft Yung D3mz, Uche B | MP3 Download

News2 months ago

From Missing to Murdered: UEW Professor Found Buried at Home in Gyahadze

News2 months ago

VIDEO: Nigerian Woman Caught Stealing iPhone 13 Pro Max in Ghana Sparks Public Humiliation

Showbiz2 months ago

King Paluta – Thank You | MP3 Download (Produced By Khendibeatz)

Trending