Wednesday, 1st June, 2022

Page 2
EU plans to ban 90% of all Russian oil
imports by 2023 - Ursula von der Leyen
EU leaders say they will
block most Russian oil
imports by the end of
2022 to punish Moscow
for invading Ukraine.
The EU-wide ban will affect
oil that arrives by sea - around
two-thirds of imports - but not
pipeline oil, following opposition
from Hungary.
Poland and Germany have
also pledged to end pipeline imports,
meaning a total of 90% of
Russian oil will be blocked.
European Council chief
Charles Michel said the deal cut
off a huge source of financing for
the Russian war machine.
It is part of a sixth package of
sanctions approved at a summit
in Brussels, which all 27 member
states have had to agree on.
Russia currently supplies 27%
of the EU's imported oil and 40%
of its gas. The EU pays Russia
around €400bn ($430bn, £341bn) a
year in return.
So far, no sanctions on
Russian gas exports to the EU
have been put in place, although
plans to open a new gas pipeline
from Russia to Germany have
been frozen.
The UK - which gets 8% of
its oil needs from Russia - has
pledged to phase out Russian oil
by the end of the year.
Oil prices climbed on news
of the EU embargo, with Brent
crude rising above $123 a barrel,
its highest level since March.
EU members spent hours
struggling to resolve their differences
over the ban on Russian
oil imports. Hungary, which imports
65% of its oil from Russia
through pipelines, was its main
opponent. Hungary's Prime
Minister, Viktor Orban, has good
relations with Russian President
Vladimir Putin.
The compromise followed
DAILY ANALYST Wednesday, 1st June, 2022
weeks of wrangling until it was
agreed there would be "a temporary
exemption for oil that comes
through pipelines to the EU", Mr
Michel told reporters.
Because of this, the immediate
sanctions will affect only
Russian oil being transported
into the EU over sea - two-thirds
of the total imported from Russia.
But in practice, European
Commission President Ursula
von der Leyen said the scope of
the ban would be wider, because
Germany and Poland have volunteered
to wind down their own
pipeline imports by the end of
this year.
"Left over is around 10-11%
that is covered by the southern
Druzhba," Ms Von der Leyen said,
referring to the Russian pipeline
supplying oil to Hungary, Slovakia
and the Czech Republic. The
European Council would revisit
this exemption "as soon as possible",
she added.
A senior EU official confirmed
that the three landlocked countries
were given an additional
guarantee that they could obtain
supplies of seaborne Russian oil
in the event of an interruption to
pipeline supply.
The Russian ambassador to
Global News
Russian oil: EU agrees
compromise deal on
banning imports
the EU, Vladimir Chizhov, said
Brussels had "already approached
the limits of what is possible in
terms of sanctions".
Speaking to Russian state TV,
he predicted "serious problems"
if the EU were to try to agree on a
gas embargo.
The ban on Russian oil
imports was initially proposed
by the European Commission -
which develops laws for member
states - a month ago.
But resistance, notably from
Hungary, held up the EU's troubled
latest round of sanctions.
Mr Orban declared the agreement
a victory for his country,
telling Hungarians they could
sleep soundly - protected from
expensive fuel costs that the
embargo would bring to the rest
of Europe.
"We succeeded in defeating
the proposal of the European
Council which would have forbidden
Hungary from using Russian
oil," he said in a Facebook video.
Other landlocked countries,
such as Slovakia and the Czech
Republic, also asked for more
time due to their dependence on
Russian oil. Bulgaria, already cut
off from Russian gas by Gazprom,
had likewise sought opt-outs.
The cost of living crisis being
felt across Europe has not helped
either. Sky-rocketing energy prices
- among other things - have
curtailed some EU countries' appetite
for sanctions which could
also hurt their own economies.
Ukraine's President Volodymyr
Zelensky, who dialled into
the summit, urged EU countries
to stop their internal "quarrels,"
stating that they only helped
Moscow.
"All quarrels in Europe must
end, internal disputes that only
encourage Russia to put more
and more pressure on you," Mr
Zelensky said via video-link.
Latvia's Prime Minister
Krisjanis Karins said member
countries should not get "bogged
down" in their own personal
interests.
"It's going to cost us more.
But it's only money. The Ukrainians
are paying with their lives,"
he said.
Russia cut off gas supplies to
Dutch firm GasTerra on Tuesday
for refusing to pay for supplies in
roubles. The EU has said paying
in Russian currency breaches
sanctions and Gazprom has
already cut supplies to Poland,
Finland and Bulgaria.
Shanghai lockdown: China eases
Covid restrictions after two months
The Chinese city of
Shanghai, the country's
economic centre and
a global trade hub, has
eased Covid curbs after
a two-month lockdown.
At midnight local time (16:00
GMT Tuesday), restrictions were
relaxed to allow most people to
move freely around the city of
some 25 million people.
But at least 650,000 residents
will remain confined to their
homes.
China's overall policy of "zero
Covid" remains in place and people
catching Covid face quarantine
or hospital.
Their close contacts also face
the prospect of removal to quarantine
and the area immediately
around where they live being
locked down again.
"This is a day that we dreamed
of for a very long time," Shanghai
government spokeswoman Yin
Xin told reporters.
"Everyone has sacrificed a lot.
This day has been hard-won and
we need to cherish and protect it,
and welcome back the Shanghai
we are familiar with and missed."
E-commerce professional
Chen Ying was planning to work
from home after the lockdown
was eased, but she told AFP news
agency she might treat her twoyear-old
son to a long-awaited
walk outside.
"We should have been free to
begin with, so don't expect me to
be deeply grateful now they've
given it back to us," she added.
Media caption,
Officials moved people from
their homes in Pudong on the
outskirts of Shanghai
Lockdown has seen many
residents lose income, struggle
to find enough food and cope
mentally with prolonged isolation
Ṁanufacturers including
Western car makers Volkswagen
and Tesla have been particularly
impacted by the restrictions as
staff were kept away from factories
or had to work in "closed
loop" conditions, where they
lived at the plants.
On Wednesday a basic
service will resume on public
transport and shops will open
with larger ones operating at 75%
capacity, but cinemas, museums
and gyms will remain closed.
Most children will not return
to face-to-face schooling.
There are new rules too:
• All residents will be
required to show a green health
code on their smartphone to
leave their home compounds or
buildings and access most places
• All residents wishing to
move around the city on public
transport and access banks, malls
etc will be required to have a
negative PCR test certificate valid
in the last 72 hours
• And restrictions on leaving
Shanghai remain, with any
resident travelling to another city
facing quarantine of 7-14 days on
arrival.
The city has a 50-point plan
aimed at revitalising its economy,
which before the lockdown
was worth more than $600bn
(£475bn).
New measures include
reducing some taxes for car
buyers, speeding up the issuance
of local government bonds and
fast-tracking approvals of building
projects.
The rigidity of the lockdown
caused much frustration in the
city
Ṁarketing professional Anita
Xu, 32, felt "a little caught unawares".
"Even if you can go out, I
don't know what you can do," she
told AFP.
But Todd Pearson, managing
director of Camel Hospitality
Group, which operates restaurants,
bars and gyms in and
around Shanghai, sounded a
cautious note when he spoke to
Reuters news agency.
"I'm hopeful that they will
rush things along to restart
the economy," he said. "I just
hope it's not at the cost of more
outbreaks. I'm not sure many
businesses or the people could
handle much more."
China has registered at least
14,604 deaths and 2,426,568 cases
of Covid during the pandemic,
with nearly 90% of its population
fully vaccinated.
Worldwide, Covid has killed
at least 6,289,241 people, according
to John Hopkins University
research.
Most people will be allowed to move freely around China's biggest city

DAILY ANALYST
Wednesday, 1st June, 2022 Page 3
Frontpage Stories
Di Wo Fie Asem!
Dr. George Akuffo Dampare
Ghana’s Inspector
General of Police
(IGP) Dr. George
Akuffo Dampare has
responded to a tweet
British High Commissioner to
Ghana, Harriet Thompson, made
over the arrest of #FixTheCountry
Oliver Barker-Vormawor.
Harriet Thompson raised
concerns on social media over
the arrest of the #FixTheCountry
Movement lead convener, Oliver
Barker-Vormawor, for traffic
offense
“Oliver Barker Vormawor,
convener of #FixTheCountry
movement, arrested again, I
understand for a motoring
offence on his way to court. I’ll
be interested to see where this
goes…,” the diplomat said in a
tweet.
Reacting to the week-old
tweet in a 4-page statement,
Dr. George Akuffo Dampare,
mentioned that Harriet
Thompson’s tweet violates
the Vienna Convention on
Diplomatic Relations, 1961 which
enjoins diplomatic missions not
to interfere in the international
affairs of their host country.
“Is there any particular
reasons why of all the people
arrested daily for various offenses
in Ghana, you are especially
interested in this person’s case?”
“Is it the case that you don’t
have confidence in our justice
delivery, criminal justice system,
and our court processes as a
whole?
“Do you know the number
of Members of Parliament, chief
executives, and other highprofile
Ghanaians who have
been arrested and prosecuted
for road traffic offences and have
submitted themselves to due
process? If you care to know, we
will be delighted to share the list
with you,”
“For the moment, we would
recommend a Ghanaian saying
that might guide you in your
diplomatic engagements. The
saying goes: ‘Di Wo Fie Asem’ – it
means learn to keep within the
limits of what concerns you,”
excerpts of Dampare’s statement
read.
Tobinco outlines vision and strategy for TTU
Chairman of the
Governing Council of
the Takoradi Technical
University (TTU), Dr
Samuel Amo Tobbin,
is expected to outline his vision
and strategy for the University
tomorrow.
The renowned entrepreneur’s
vision is to transform TTU into
a Technical University of high
standards committed to excellent
teaching, innovative research,
and its students’ personal and
intellectual growth.
This vision is based on the
core values of sincerity, quality
service to our stakeholders, and
unity within the University in
accordance with the Statutes
of TTU and the support of the
Council.
To achieve this vision as the
Council Chairman, Dr Tobbin
intends to focus on the following
thematic areas: Leadership
and development, Research
and industry, Infrastructure
development and growth,
Financial sustainability, Human
resource development, and Staff
and student welfare
The strategies to achieve this
vision are premised on the four
broad strategic themes with
fifteen (15) strategic objectives as
specified in the University’s five
years Strategic Plan (2021-2025).
Dr. Tobbin’s administration
believes that research is an
integral part of any tertiary
institution and that in order
to promote applied research,
innovation, and development,
the staff of the university shall
be encouraged to go further
with their research findings and
make them available to industry
and the public in a form that
is accessible, intelligible and
marketable.
The highly respected
businessman also believes there
is the need for collaboration
with industries in the region and
beyond and that societal impact
is one potential benefit of these
collaborations.
He further asserts that
partnering with institutions
will also provide access to
expertise and research that spur
innovation, extend resources to
the university, and sharpen our
competitive advantage.
The Governing Council
Dr Amo Tobbin I, who is
the President’s nominee on the
Council, was sworn in together
with fifteen (15) other members
by the Education Minister, Yaw
Adu Twum at the Ministry’s
conference room in the early part
of January this year.
In his acceptance speech,
Nana Amo Tobbin I, on behalf of
the Council expressed profound
gratitude to God for the honour
done them.
He also thanked President
Nana Addo Dankwa Akufo- Addo
and his able Council of State
Members for the confidence
reposed in them.
“Also, to the Minister of
Education Hon. Dr. Yaw Osei
Adutwum for the honor done
us. As we take up this mantle,
we pledge to do our utmost
best during the period that we
serve to warrant your trust, your
confidence and your support,” he
added.
“Secondly, we want to assure
the leadership of Takoradi
Technical University that they
are in good hands and that
we shall work in unity for the
progress of the University.
“Each of my colleagues on this
board is a capable genius in their
various spheres and they bring
rich and varied experiences to
the council, Nana Tobbin said.
He gave the assurance that
the Council together with the
leadership of the University will
work to bring significant progress
under their leadership.
He emphasized the
importance of Technical
Dr. Samuel Amo Tobbin, Chairman, Governing
Council, Takoradi Technical University (TTU)
University to the development
of a Nation adding, “There can
never be development without
the requisite technical manpower
to manage commerce and
industries.”
“We thank the president and
the Minister of Education for the
investment that has been made
in the education sector as well as
the changes in our educational
curriculum all of which are
geared towards producing the
right caliber of manpower
required for industries,” he said.
Members of the Council
include Rev. Prof John Frank
Eshun, Vice-Chancellor of the
University, Dr. Ato Panford,
President’s nominee; Michael
Asare Appiah, President’s
nominee, Dr. Robert Adjaye,
President’s nominee, Mr. Daniel
Dweteh-Agyare of GTEC, Mrs.
Sarah Andah Monney, Association
of Principals of Technical Schools.
Two lovers given 20 lashes each
Two lovers, a
tricycle driver
and a ticket
seller at the Wa
main Market
in the Upper West Region
have been given 20 canes
each for leaking their sex
tape on social media.
This was after the
Overlord of the Waala
Traditional Area, Wa-Naa
Fuseini Seidu Pelpuo IV
ordered their caning.
It is alleged that the
lady in question uploaded
the video on social media
on Sunday, May 29, 2022.
The two were therefore
canned because their
action was against the
custom and tradition of
the Waala Traditional Area.
Initially, the two lovers
were supposed to take
100 canes each but it was
reduced to 20.
The Waala Traditional
Area constituted a by-law
in late 2021, banning such
practices after it was
observed that leaking sex
tapes had become normal
amongst the youth in the
area.
The directive
controlled the leakage of
sex tapes for some time
but after that, the couple
leaked, and many were
upset after seeing another
leaked tape.
Due to this, the
Overlord of the Waala
Traditional Area has
warned that anyone who
leaks their sex tape or
nude photos will face the
"By-laws of the Traditional
Area.

Page 4
DAILY ANALYST Wednesday, 1st June, 2022
Corrupt
aspirants
must be
punished
Anti-Corruption Campaigner, P.C Appiah Ofori
has urged the New Patriotic Party to bring
to book those who paid bribes to influence
delegates to vote for them during the recent
Regional Elections.
The NPP held its regional delegates’ conference over
the weekend to elect new executives.
It was widely reported that some aspirants paid bribes
to some delegates to influence votes.
A clear incident is when defeated aspiring Ashanti
Region Chairman, Robert Asare Bediako cried over how he
paid at least GH¢1,000 to each delegate on the election day
to influence them but they still voted against him.
The defeated aspirant explained that but for the monetization
before and during the elections, he would have
won the election hands down but close contenders were
the highest bidders.
After the election, the incumbent chairman Bernard
Antwi Boasiako, popularly known as Chairman Wontumi,
sailed through with 464 votes while his close contender
Odeneho Kwaku Appiah, popularly known as COKA, managed
some 306 votes.
Asare Bediako, Kwabena Owusu Aduomi, and Oheneba
Kofi Adum Bawuah polled 22, 9, and 3 votes respectfully.
Meanwhile, Mr. Asare Bediako, who lost the election,
expressed worry over the increasing trend of monetization
in the political spheres during elections.
Speaking on Atinka TV yesterday Mr. P.C Appiah Ofori
said paying bribes to delegates for votes was a corrupt
practice and so all those who engaged in that, including
those who received it must face the law.
“Corruption is defined as the abuse of office for personal
gains, it is a criminal offense and so whoever engages in
corruption has committed a crime and the law must deal
with them,” he said.
He continued, “If you want to be a Regional Chairman
and you give people money and then when you become a
Chairman, how would you recoup your money, it means
that you will steal the country’s money to replace the
money you lost.
If you have a position and you give people money to pay
bribes, it means you will use dubious means to recoup your
money and it is the party and all Ghanaians that will suffer
this, and so whoever did that must not be spared, when it
happens like that, you are giving impetus for corruption.”
P.C Appiah Ofori
MPs, staff to wear Ghana
fabrics to Parliament soon
The Speaker of Parliament,
Alban Sumana
Kingsford Bagbin, has
said staff members of
Parliament will soon
change their style of dressing by
wearing made-in Ghana fabrics
for their official duties.
He said he will also ensure
the same for all the Members of
Parliament (MPs) since the current
style of dressing was adopted
from Ghana’s colonial master, the
British, during the colonial era.
Mr. Bagbin made the disclosure
when the management of
AdFirst Consult paid a courtesy
call on him at his office in Parliament
House.
AdFirst Consult are the
managers of the Made-In Ghana
Ambassador, Emelia Arthur, who
is also an ace Gospel musician in
Ghana.
The team, comprising its
Director, Gabriel Arko, Ms. Emilia
Arthur, Mr. Timothy Antwi-Otoo,
Mrs. Paulina Ofori Agyapong, and
Kwabena Gyakye Nyarko, was
there to congratulate the Speaker
and assure him of their support
for the way he dresses by promoting
made-in-Ghana outfits in
Parliament.
Mr. Bagbin has been the only
Speaker of Ghana’s Parliament
promoting Ghana wears while adjudicating
his duties as a Speaker.
Therefore, as Made-In Ghana-Ambassador,
there was a need
for her to encourage the Speaker
and assure him of her support to
continue the good works.
The Speaker explained: “very
soon, those you see sitting in front
of me in Parliament will start
wearing Ghana fabrics.”
“What you see them wear
during parliamentary sittings
were for the colonial system. In
those days, there were no heaters
so they [British] wore them to
keep them warm but today, it is
not relevant to us as Ghanaians,”
he said.
Continuing, Mr. Bagbin said,
“we need to have an identity as a
nation to be able to develop”.
“We need to have an identity
as individuals to be able to
develop and that is why I decided
An aspirant in the New
Patriotic Party’s (NPP)
Chairmanship race,
Stephen Ntim has embarked
on a “Time Aso
to Break the 8” Campaign.
Stephen Ntim is set to meet
with NPP Delegates to articulate
the message of hope and unity,
and also share his vision for the
party with them.
Dubbed “Time Aso to break
the 8 Campaign”, the aspirant will
start with a visit to the Western
North, Western and Central
Regions.
“My resolve to always avail
myself to be elected as the
National Chairman of the party
emanates from my belief that
the fast movement of our development
and success as a country
Rt. Hon Alban Bagbin, Speaker of Parliament
to change the style of dressing for
the speakership and some people
did not understand.”
“No nation can develop without
an identity so there is the
need for an identity for Ghana.
…You check, all over the world,
which country has developed
without an identity? And if you
talk about the need for one language
in Ghana, there is a problem
but how can we develop without
one language as our identity for
the nation?” he quizzed.
The Speaker noted that he was
different from his predecessor,
Professor Aaron Mike Ocquaye, in
their ways of doing things while
performing their duties because
they were two different entities
from different backgrounds.
“I can’t be the same as Prof.
Ocquaye because we are all different.
He grew up in quarters here
in Accra, and I grew up in a village
in the Savanna Area of the North
and by then, education was not a
priority,” he explained.
According to Mr. Sumana
Bagbin, “our upbringings also “influence
the way we do things.”
“We were trained to say things
as they are even if you will die and
that is why some people in our
party do not like me but whenever
there were problems, I was
called to step in and have them
resolved,” he stated.
He said: “individually, everyone
is different from one another
but we need to work together for
the common good of the nation.”
“I am not better than any of
Ntim embarks on “Time
Aso to Break the 8” tour
requires an NPP government and
an overwhelming parliamentary
majority.”
“My Campaign will focus on
strengthening the party, creating
equitable opportunities for all
members and rewarding loyalty
and hard work.”
“My prayer is that you, our
cherished delegates, will find
favor in my loyalty to our great
party and demonstrable leadership
qualities required to break
the 8 and elect me as your next
National Chairman,” excerpts of a
statement from the aspirant read.
Some names that have popped
up for the NPP chairmanship race
include Mr Stephen Asamoah
Boateng, Mr. Kwabena Abankwa-Yeboah,
Prof. Christopher
Ameyaw-Ekumfi, Nana Akomea
you sitting here because God has
given every individual a special
gift which is different from everyone
and that is what we must
understand.”
Commenting on the consumption
of local foods, Mr. Sumana
Bagbin explained that Ghana
has several local foods that were
nutritious but today, “we have
abandoned them and gone for
foreign ones.”
“Today, anytime I travel from
the North to Accra, I bring ‘Dawa
Dawa’ (Dawa Dawa is a flavouring
made from the seeds of Parkia biglobosa)
because it has nutrients
that can heal a wound if someone
is injured but most people today
will not eat ‘Dawa Dawa,’” he
explained.
He, therefore, urged corporate
bodies to support Emilia Arthur
and her team to promote made-in
Ghana goods.
“We have GNPC who would
sponsor beauty pageants instead
of supporting something like
promoting made in Ghana. GNPC
will sponsor Black Stars instead
of sponsoring something like this
which is promoting Ghana,” he
said.
For her part, the Made-In-
Ghana Ambassador, Emilia Arthur,
pledged her support for the Speaker
and urged him to call on her
anytime the need arises.
She expressed gratitude to
the Speaker and assured him of
her continuous fight for made-in
Ghana goods.
and Mr. Robert Kutin.
The National Executive election
of the NPP and the Annual
National Delegates Conference is
scheduled for July 14 to July 16,
2022, and will be supervised by a
National Elections Committee
Stephen Ntim

DAILY ANALYST
Wednesday, 1st June, 2022 Page 5
Perspective
Are Ghanaian salaries a
reflection of the cost of living ?
– Ondiro Oganga writes
In the last five
months, the slang
‘Ghana is hot’ has become
more popular
due to the rising cost
of living. Last year, a cup
of porridge also known as
‘Hausa Cocoa’ was 70 pesawas.
The price has doubled
to 1.50 pesawas for a cup if
you are lucky.
Over the last 5 months,
Ghana’s economy has weakened.
This has been characterized
by debt to GDP ratio
crossing the 80 percent
mark in the first quarter of
the year. The cedi, equally
went from being the best
performing currency to the
dollar to being the worst
losing 19 % of its value. Further,
credit rating agencies
such as Fitch and Moodys
down graded Ghanaians
credit rating from a B3 to a
Caa1. Technically, junk rating!
The trickle down effect
of the ailing economy is
being felt through rising
cost of living. Leading up
to April, inflation has been
on the rise. From 13.9 % in
January, 15.7 % in February
and 19.4 % in march. This
marked a 5 year high inflation
rate. However, Aprils
inflation hit an 18 year high
of 23.6 %.
These numbers have
affected the cost of living
for majority of Ghanaians.
According to the united
nations, Ghana’s Per Capita
Income ending December
2021 stood at 14, 891 ¢. On a
monthly basis, the average
Ghanaian earns 1,240 ¢.
With inflation at 23.6
%, the average Ghanaian
needed an extra 292 ¢ in
addition to the average salary
of 1240 ¢ to cover their
monthly expense.
As if to further drive
home the point, the minister
of finance Ken Ofori
Atta during the finance
ministry briefing in march
announced that diesel
and petrol prices in the
first quarter went up by 57
and 45% respectively. This
significantly affected cost
of transport with operators
tive. The president, the vice
president and the minister
of finance have time and
again blamed Covid 19 and
the Russia Ukraine invasion
for the current economic
woes. According to the vice
president Dr. Alhaji Mahamadu
Bawumia, the countries
fiscal deficit pre-covid
19 was 4.5 %. However, cushioning
Ghanaians during
Covid 19 by providing tax
reliefs, personal protective
gear, vaccines, free water
and electricity pushed the
government into heavy
spending and borrowing.
This not only increased the
debt stock to 351 billion ¢
but also widened the budget
deficit to 11.63 % in 2021.
As the world begun
recovering from Covid and
opening up, the Russia
Ukraine Invasion happened.
According to Vice president
Bawumia, due to disruption
of supply chains by the
invasion. As of march wheat
prices had gone up by 62 %,
fertilizer 300%, maize 36 %.
Ghana was directly affected
as it imports 50% of flour,
30 % of grains and 30 % of
fertilizer from Russia.
Help might not be near
as Covid 19 keeps mutating.
Some parts of the world are
battling a fifth wave. Further,
there is no end in sight
increasing transport fares.
Ghana statistical service
for the month of April pegs
transport inflation at 33.5%.
According to Expatisan,
on a monthly basis, public
transport costs 234 ¢. For
the month of April, passenger
paid an extra 78 ¢ for
the same distance bringing
transport cost to 312 ¢
Besides the cost of services
rising, basic goods and
commodities have equally
recorded a sharp increase.
The cost of food and non
alcoholic beverages also
significantly shot up. According
to the world bank,
Ghanaian households spend
55% of their income on food.
Due to increase in production
costs such as fertilizer
and land clearing and shortage
of food from the region
due to instability and
draught, food prices have
gone up. Further, the Russia
Ukraine invasion has not
helped as Ghana imports
both fertilizer and grains
from the two countries.
These developments have
seen food and non alcoholic
beverage record an inflation
rate of 26.3 %. Household
food budgets have gone up
to 861 ¢ in April from 682 ¢
in march.
Another good that has
been steadily rising is liquefied
petroleum gas. The
price of LPG last year was
7.89 ¢ per kilograms. During
the next pricing window,
according to Institute of Energy
Studies it will be 11 ¢.
While the cost of basic
goods and services keep
rising, Ghanaians have been
turning to the government
to look for answers. However,
according to Dr Mahama
Abdul Kabiru, an economic
policy advisor to the vice
president, reprieve is not
coming anytime soon.
Speaking on starr fm, Dr.
Mahama acknowledges the
current economic turmoil
but says the government is
unable to predict when normalcy
will resume since the
economy is being destabilized
by external factors.
This is no new narrawith
regards to the Russia
Ukraine invasion.
Seeing that government
is staying clear off steering
the economy back on track
and easing the economic
burden, some Ghanaians
have also taken to social
media to vent out frustrations.
Many are sharing
experience of poor salaries
and lack of increments to
cushion them. While many
in this developing economy
earn low wages, some have
suffered the fate of losing
their jobs upon requesting
for better pay.
Popular Blogger Kobby
Kyei on his twitter handle
has been sharing messages
from contractors who were
allegedly fired by a local
dairy products manufacturing
company over asking
for better wages. The said
contractors used to to take
home 500 ¢ .
Kofi Davor, a labor expert
attributes this impunity
by employers to scarce job
opportunities. According to
the labor expert, unemployment
rate in Ghana over the
last 10 years has tripled hitting
13.4% in 2021. The job
desperation leaves room for
employers to prey employee
welfare creating unfavorable
working conditions.
The financial abuse of
employees has turned Ghana’s
remuneration scheme
into the worst in the west
Africa. Further, the labor
expert points out that the
current salary of majority of
workers is a direct contrast
to the cost of living. Ghana’s
minimum wage is below
its economic peers at 53$ a
month. However, Countries
like Seychelles offer $432,
Libya $322, Morocco $281,
South Africa $242and Kenya
$140.
Earl Ankrah, the director
of research, monitoring
and evaluation at Fair
wages and salary commission
says employers are also
struggling with high cost of
living. Doing business has
become expensive and profit
margins have narrowed.
While employers could lay
off staff to manage losses,
many opt to keep staff on
board maintaining pay or
in dire circumstances with
pay cuts.
However, Earl admits
that despite employers efforts
to maintain staff on
board, the pay is not favorable.
This is to say, during
the next stakeholder
engagement to negotiate
minimum wage for the year
2023, Earl promises that inflation
will play a major role
while settling for a a new
minimum wage. Currently
minimum wage in Ghana is
13.53 ¢ translating to 284 ¢
after 21 working days.
The writer, Ondiro Oganga,
is broadcast journalist
with the EIB Network

Page 6
DAILY ANALYST Wednesday, 1st June, 2022
Mr Awudu Dramani
Sam, the Western
North Acting
Regional Director
of the National
Commission for Civic Education
(NCCE) has said the call for the
revisiting of the agenda for the
reforms of the 1992 Constitution
was in the right direction.
He said despite the
democratic gains and decades
of stability of the Constitution,
there have been loopholes that
have impeded its effectiveness
in yielding the country’s
expected good governance and
its attendants development
Legal Resources Centre,
a stakeholder in the
criminal justice delivery
system, has called for
the incorporation of
Ghana’s Case Tracking System
(CTS) in the training curriculum
of justice institutions.
The Centre said such an
initiative would help enhance
the understanding of officers on
CTS to work efficiently within
the justice delivery value chain.
This was said during a United
States Agency for International
Department (USAID)-led Justice
Sector Support Activity (JSSA)
to sensitisie officers from
Economic and Organised Crime
Office, Judicial Services, Police
and Prison Services, Attorney
General’s Office, opinion leaders
and the media on the need to
create awareness of the System.
The system is an integrated
software that tracks criminal
cases in the justice delivery
system from the inception until
their disposition.
It was launched by the
Government in 2018 supported by
USAID. It has online, offline, and
android versions.
Mr Enock Jengre, a Rule of
Law Specialist on the USAID
Justice Sector Support Activity
(JSSA), in an interview with the
Ghana News Agency, said the
System provides an integrated
database of cases that had been
registered within a given time,
limiting the issues of missing
dockets amongst others.
aspirations.
Mr Sam made the remark
when addressing participants
at the 2022 Constitutional Week
Celebration at Kinross Chrano
Goldmines at Sefwi-Wiawso
organised by the Western North
Regional Office of the NCCE.
It was on the theme: “Three
Decades of Uninterrupted
Constitutional Rule: Revisiting
the Agenda for Reforms” and
attended by officers from
the Police, Fire Service, and
Immigration.
The Acting Director said the
clause, “Revisiting the Agenda
for Reforms” in the theme,
was a clear indication that
previous attempts have been
made at making reforms to the
constitution, thus, the call for
constitutional reforms is not a
new thing.
He indicated that in January
2010, the government led by
late President John Evans Atta
Mills established a Constitution
Review Commission and gave
them a three-year mandate.
The mandate was to ascertain
from the people of Ghana their
views on the operations of the
Constitution and in particular,
its strengths and weaknesses;
and to articulate the concerns
of the people as regards the
amendments that may be
required for a comprehensive
review.
The rest was to make
recommendations to the
government for consideration
and provide a draft bill for an
amendment to the constitution.
Mr Sam said the former
President however gave a caveat
that the review process was
not expected to result in the
replacement of the constitution.
Rather, it was meant to suggest
amendments which could be
made to improve it.
He intimated that the Review
Commission completed their
work, submitted their findings
and recommendations to the
Include CTS in curriculum of justice
sector institutions – Legal Resources Centre
“Previously, if you want to
know how many cases across
a certain area that we had
registered, it may be difficult to
get because we didn’t have that
database but with the tracking
device now, we are able to follow
the cases,” he said.
Mr Jengre also said the
CTS allowed for easy and quick
sharing of information on cases
among justice institutions,
promoted transparency and
accountability and generated
reports to inform decisionmaking
by the State.
Mr Samuel Fant Kombian,
Monitoring, Evaluation and
Learning Specialist, Justice
Sector Support (JSS), told the
GNA that reliable internet
connectivity to ease the free flow
of data had been a challenge,
NCCE Director stresses the call
for 1992 Constitution reforms
though the System has an offline
version.
He also mentioned that
frequent transfers undertaken on
officers who had been trained on
the usage of the CTS had been a
challenge.
Mr Kombian said though not
everyone could access the system
all stakeholders, including
victims, were given updates at
every stage of the cases through
their contacts, adding that those
who could not read were called
and informed.
Madam Rosa Apronti Oppong,
a participant and representative
from International Justice
Mission, called on the operators
of the System to add the Social
Welfare Department onto the
System to track children.
President, white paper was issued
but the implementation of these
findings did not become exposed
giving some legal suits that met
the report.
He averred those recent
commentaries from individuals,
civil society organisations and
well-meaning Ghanaians have
called for the review of the
constitution to bring it up to
current prevailing realities and
factors in the country.
Mr Sam said the discussions
were because of the general
feeling that some of the
provisions in the current state of
the constitutions have outlived
their relevance or at worst, not
fit for purpose, hence, the NCCE’s
well-timed theme for this year’s
Constitution Week.
Commenting on the
loopholes or deficits that
have been attributed to the
constitution, he outlined five key
issues namely persist corruption,
inferior quality of leadership,
political exclusion, violence and
the monetization of politics, and
soaring unemployment rate and
poverty, which were shared by
majority of Ghanaians.
He noted that these
deficits have bred cynicism
among Ghanaians as regards
political parties and multiparty
democracy, bred apathy
among the citizenry, disengaged
the public in major aspects of
Level 100 students of
the Atebubu College
of education, in the
Atebubu Amantin
Municipality of the
Bono East Region, who reported
to the school for the semester,
without plastic chairs, as
prescribed by the Students
Representative Council (SRC)
have been sent home.
The SRC had in a
communique, on Wednesday,
25 May 2022, directed first-year
students to come along with
plastic chairs when reporting for
the semester.
The SRC’s directive was to
help address the problem of
inadequate furniture at the
college.
“Notwithstanding, the
ceremonial chairs you were
asked to buy, have called for a
restructure of your registration
into the various dormitories,
governance at both the grassroots
and national levels, deepened
marginalization, promoted
excessive power of the executive
and fester corruption.
During an open forum some
of the concerns submitted by the
participants was that the power
given to the President to appoint
the heads of the security services
should be curtailed and should in
turn be handed to the leadership
of the services.
They also submitted that
there should be a National
Development Plan, which should
be an entrenched provision
and binding on all successive
governments to promote
development and prevent
wastage of state resources arising
from neglect of uncompleted
projects of previous governments.
This plan they feel when
instituted will help in prudent
and judicious use of state
resources.
They recommended that
there should be equitable
remuneration for all public sector
workers thereby putting an end
to the preferential treatment of
some workers, Article 71 office
holders.
In this regard, they proposed
that the unjustified ex-gratia
should be abolished or if
maintained, all public workers
should benefit from the ex-gratia
to ensure equity.
First year Atebubu College of
Education students sent home for
refusing to bring plastic chairs
that is, all the mattresses would
be in the custody of the hall
president to whom you are to
submit your plastic chairs and
receive your mattress number of
which will be recorded against
your name,” the SRC noted in
the communique.
The SRC, therefore refused
level 100 students' entry for
reporting without their plastic
chairs.
A level 100 student, resident
in Atebubu, in a bid to caution
other students intending to
report for the semester without
the plastic chair, shared her
experience.
“I’m on an Okada en route to
my house, I live here in Atebubu.
When I arrived at the school, I
was not allowed to enter.
“So I’m on my way back
home because I’m not ready to
buy the plastic chair.”

DAILY ANALYST
Wednesday, 1st June, 2022 Page 7
Government
institutions, Regional
Ministers, Municipal,
Metropolitan and
District Chief
Executives have been charged to
rally the youth for government’s
YouStart programme which is
scheduled to be launched by
President Nana Addo Dankwa
Akufo-Addo in the coming weeks.
The Deputy Minister
For Finance and Member of
Parliament for Ejiusu, Dr. John
Ampontuah Kumah made this
Dr. John Ampontuah Kumah
remark while engaging some
Government institutions,
Regional Ministers and MMDCEs
in Tamale as part of a nationwide
stakeholder engagement on the
YouStart programme.
“Out of our total population
of 31 million, about 11 million
are young people between the
ages of 15-35 years and so, we
must invest in them more than
we have done over the years.
Through the E-levy, Government
can mobilize some GH¢1 billion
and can invest in the job creation
Take advantage of govt’s
YouStart programme
– Ghanaian youth urged
potential of the youth this year
plus other commitments from
our development partners and
some selected banks. So, every
Government institution has an
obligation to rally the Youth in
every part of the country for the
YouStart programme,” he said.
The Deputy Minister also
charged the youth to take
ownership of the programme
since it is a direct investment
Government is making in their
future to enable them implement
the enterprising business ideas
they have but can not implement
because they lack capital, access
to market and funding.
“The YouStart programme
is for every Ghanaian youth
who has a business idea and
needs training and funding to
implement it and I also want
to throw a challenge to every
enterprising Ghanaian Youth to
take advantage of YouStart and to
own it,” he added.
The programme was attended
by Government officials and
MMDCEs from Upper West, Upper
East, North East and Northern
regions.
YouStart is being funded by
the Electronic Levy.
Police on top of security
situation in the country
– Kwesi Ofori
‘We’ll re-file motion for probe into
COVID-19 expenditure’ – Minority
The Minority in
Parliament has
indicated that it will
re-file a motion for a
probe into COVID-19
expenditure.
The Minority Leader, Haruna
Iddrisu, indicates that this has
been strengthened by a viral
audio from a regional executive
of the New Patriotic Party
(NPP) that suggests that COVID
funds were distributed to party
functionaries.
Haruna Iddrisu said, “this is
just a tip of the iceberg. We were
here when our Foreign Affairs
Committee reported how monies
adding up to about GH¢66
million were spent on behalf of
the ministry. Since when has
the Ministry of Finance begun
a procurement entity for the
Ministry of Foreign affairs?”
“Nana Akufo-Addo is
presiding over the gigantic
spending and disbursement of
COVID-19 expenditure. We will
renew our position. We will
refile the motion.”
First Deputy Speaker
dismisses motion for probe into
COVID-19 expenditure
The Speaker of Parliament,
Alban Bagbin, had early on
admitted the motion from
three Members of the Minority
Caucus for an inquiry into
the expenditure made by the
government since the outbreak
of the COVID-19 pandemic in
2020.
However, the First Deputy
Speaker of Parliament, Joseph
Osei-Owusu, in February 2022
dismissed the motion on the
floor of Parliament with the
explanation that such a bipartisan
committee is already
provided for by the Constitution
since the Auditor General and
the Public Accounts Committee
(PAC) are empowered to do such
work.
“All the committees of the
house, including the Public
Accounts Committee are
bipartisan, and the Public
Accounts Committee is designed
by nature to be chaired by
members of the Minority. In all
its form, the Public Accounts
Committee, if it is minded to
investigate anything related to
the Covid-19 expenditure, fully
sees to the authority and power
to investigate that, particularly
because all the accounting of
it has been provided for in the
budget which budget has been
provided by the House and is
before the committee. My view
is that this motion ought not
to have been admitted, and it’s
improperly before the House.”
Gov’t disbursing NBSSI’s
COVID-19 loan to NPP
sympathizers for votes –
Minority Leader, Haruna Iddrisu
Mahama
In the run to the 2020
elections, flagbearer for the
NDC, John Mahama accused
the Akufo-Addo government
of allocating about 50% of
the COVID-19 relief fund to
supporters of the governing New
Patriotic Party (NPP).
The government set aside an
amount of GH¢600 million to be
disbursed in the form of loans
to small-scale businesses to
cushion them from the adverse
economic impact brought on
the country by the Coronavirus
pandemic.
Mr. Mahama made similar
accusations at the 24th African
Business Conference organised
by the Harvard Business School
last month.
He alleged that the
Akufo-Addo-led government
channelled the Covid-19
pandemic windfall of over
GH¢33 billion meant to cushion
the economy into its 2020
campaign activities.
There is no upsurge in
crime in the country,
the Police Service has
said.
“The Service is
on top of the security situation
in the country and remains
committed to its crime fighting
efforts,” a statement signed by
Deputy Commissioner of Police
(DCOP) Kwesi Ofori, Director-
General, Public Affairs said.
It said the Police fought
crime every day and treated
every crime with the same
urgency and same professional
attitude, and regretted the loss
of every life.
The statement said the Police
Service had taken note of the
statement issued by the Ghana
Bar Association, GBA, with
reference to the murder of a
member of the GBA, Mr Richard
Badombie on the Bole- Bamboi
highway.
It said since the incident
occurred, the Police had been
working around the clock as
they did on all such cases to
get to the bottom of it and get
the perpetrators arrested and
brought to justice.
The statement said in
line with standard operating
procedure, they immediately
commenced an investigation
into the incident, launched a
manhunt for the perpetrators,
and issued a statement to that
effect on Saturday, May 28, 2022.
It said in addition, the
Inspector-General of Police and
the Regional Police Commander,
Savanna Region, had been in
touch with the bereaved family
to commiserate with them and
assured them of a thorough
Dcop Kwesi Ofori
investigation into the case.
The statement said three
persons had so far been arrested
in connection with the case and
being interrogated.
It said the Police would
put out further details when
possible without jeopardising
the ongoing investigation.
The statement said in recent
times, the Police Administration
had deployed various strategic
crime prevention and control
interventions to counter violent
crimes, including armed robbery
in the country.
It said special anti-robbery
task forces had been deployed to
locations identified as crimeprone.
The statement said a holistic
community policing programme
was being implemented across
the country, which involved
the top echelon of the Service,
as well as Regional, Divisional
and District Police Commanders
travelling across the country
to educate the public on crime
prevention, deepen their
security consciousness and
gather intelligence to inform
police operations.
It said those were among
other policing interventions
being implemented by the
Service.
The statement urged
the public, including all
special-interest groups,
to be circumspect in their
commentary on the matter and
support the Police to find a quick
resolution to the case.
It assured the public that
the Police remained focused and
committed to fighting crime in
the country.

Page 8
Dr Emmanuel Kofi
Dzotsi, the Upper
East Regional Director
of the Ghana
Health Service (GHS)
has called on managements of
health training institutions in
the region to sack non-performing
nursing trainees to cleanse
the health system of poorly
trained nurses and midwives.
He said the situation, where
students were pushed through
the system even though they
The Medical
Practitioner, Dr
Florence Koryo
Akumiah, has said that
a multi-disciplinary
approach is required to manage
diabetes in adolescents and
children effectively.
According to her, diabetes
in children and adolescents
may expose them to psychiatric
factors such as depression,
stress and anxiety, which can
negatively affect the overall
management of the disease.
Dr Akumiah made this
known on the multiple
award-winning health and
wellness programme, Vodafone
Healthline.
Speaking to host Frema
Asiedu on ‘Diabetes in
Adolescents,’ she explained:
“The management of diabetes
requires a multi-disciplinary
approach. It is not just
the physician. Sometimes
psychologists, dieticians,
physical therapists and other
doctors may be required. So,
there is a need for a multidisciplinary
team.”
The doctor also highlighted
the need for parents to be
involved in the management and
treatment process. She suggested
parents should educate their
children on the disease and its
treatment so that the children
can accept and comply with the
management and treatment of
the disease.
Meanwhile, Dr Akumiah
has advised parents to lessen
the stress on their children for
optimal diabetes management.
“Adolescents come under a
lot of stress because of activities
Health
Dr Emmanuel Kofi Dzotsi
could not pass their semester
examinations was unacceptable,
and insisted that any nurse or
midwife trainee who could not
make the required pass mark,
must not be considered.
Addressing nurses and midwives
at the regional launch of
the International Nurses Day
celebration in Navrongo, Dr
Dzotsi said human life was precious
and must not be entrusted
in the hands of people who were
not serious during their train-
DAILY ANALYST Wednesday, 1st June, 2022
Non-performing nursing
trainees must be sacked
– GHS UER Director
ing, but found their way out as
nurses and midwives.
He observed that during
clinical sessions, where nursing
and midwifery trainees visited
various hospitals to gain practical
experience, some trainees
absented themselves.
“So, if they don’t visit the
hospitals, how can they gain
practical experience,” Dr Dzotsi
asked, and said, “we need quality
and well-trained nurses and
midwives to care for the sick in
this Region.
“We cannot compromise on
quality.”
Dr Dzotsi described as alarming
the rate at which health
professionals in the region,
especially nurses in uniform
rode motorbikes without crash
helmets and cautioned them to
desist from such acts.
He disclosed that the GHS in
the Region lost four nurses to
motorbike accidents who prob-
Vodafone Healthline Doctor profess best
ways to manage diabetes in children
in school, house chores or the
constant stress from social
issues. The hormone produced
when you feel stressed, cortisol,
is the counter-hormone to
insulin. Having a high cortisol
level makes glucose control poor.
Stress is also one precipitant of
hyperglycaemia. So, we try as
much as possible not to make
life more difficult than it already
is for them.”
Subtle diabetes symptoms
parents should look out for
Dr Akumiah explained
diabetes is a chronic disease
that affects how your body
manages food by converting food
to energy. She notes that the
principal forms of this disease
are Type I and Type II.
She continued by saying,
while the former can occur
spontaneously in children and
adolescents, the latter could
occur because of family history.
According to her, children
with Type I diabetes may lose
weight even though they may
have an appetite for food,
whereas children with Type II
diabetes gain weight. However,
the common symptoms may
include frequent urination,
increased thirst and water
intake, and risk of infections.
The doctor thus advised
parents to frequent their
medical centres with their
children for regular check-ups.
Vodafone Healthline is
Vodafone’s flagship corporate
social investment project that
gives all members of the society
equal access to relevant and
credible health information.
The telecom giant has
also established the Vodafone
Healthline Call Centre, which
can be reached toll-free via 255
for Vodafone customers and
0509999255 on other networks.
ably could have survived if they
had crash helmets on.
“We need you alive to care for
patients in the hospitals so try to
stay safe on the road and always
put on crash helmets,” the Director
advised.
Touching on the desire of
nurses and midwives seeking
postings outside the region, the
director said about 90 per cent of
them want to leave.
“If you all leave, who will
work, Please, I want to appeal to
you to stay so we can improve the
system,” he appealed.
He called on government
and other stakeholders to invest
in healthcare delivery in the
Region, and said nurses and
midwives who agreed to work in
rural areas of the Region would
be qualified for study leave with
pay after two years of service.
Mr Thomas Lambon, the
Regional Chairman of the Ghana
Registered Nurses and Midwives
Association (GRNMA) appealed
to the Regional Health Directorate
to liaise with the Controller
and Accountant General’s
Department to address issues
Mr Padmore Yaw
Nti-Gyebi, the
Bodi District
Manager for
National Health
Insurance Authority (NHIA), has
appealed to Health Providers
to desist from charging holders
of active NHIS cards who
patronised their facilities to
access healthcare.
He said the practice was
a breach of the contractual
agreement between such
facilities and the National Health
Insurance Authority.
Mr Nti-Gyebi who was
speaking at the 2022 Second
Quarter provider review meeting
at Sefwi-Bodi, also advised the
of unavailability of bio-data of
GRNMA members on the electronic
pay slip platform.
“We also take this opportunity
to make a passionate appeal
to the people of Bawku to give
peace a chance so that health
care delivery can return to normalcy,”
the GRNMA Chairman
said
Ṫhe launch, organised by
the regional leadership of the
GRNMA was specially observed
around the world on May 12,
every year, to mark the birth
day of Florence Nightingale, the
“Mother of Nursing.”
The celebration brought
together nurses and midwives
across the Region including
retirees of the profession to celebrate
the birth, and acknowledge
the contributions of Florence
Nightingale, regarded as Mother
of Nursing.
The celebration was on the
theme “Nurses and Midwives, a
Voice to Lead: Invest in Nursing
and Respect the Nurses and Midwives’
Rights to Secure Global
Health.”
NHIA sensitise health
facilities in Bodi on
new processes
Health Providers to submit
their claims on time for prompt
payment.
The Authority also used the
opportunity to sensitise the
providers on how to link their
card to the Ghana card to access
Heath Care.
The District Chief Executive
of the area, Mr Ignatius
Akwasi Amankwah, urged the
providers to operate within
their mandate and deploy the
needed technology for real time
response.
The former District Chief
Executive for Bia District, Mr
John Koah also graced the
occasion.

DAILY ANALYST
Wednesday, 1st June, 2022 Page 9
Opinion
Power demand in Ghana has
dipped after every crisis: the
drivers and consequences
Recurring electricity
supply
crises in Ghana
over an extended
period have
driven consumers to turn
alternative sources of energy.
In turn, this resulted in a
sharp decline in demand for
electricity.
Ghana has had several
periods of power shortfalls,
particularly in 1984, 1994,
1998, 2007 and 2012-2015. The
reasons have been given as
losses in the distribution
system, a tariff structure
that makes it difficult for
electricity producers to
recover their costs, and the
non-payment of electricity
bills by consumers.
Demand is always
expected to increase due
to factors like population
growth, economic growth
and increasing incomes.
But demand can fall too. In
Ghana, electricity demand
or consumption increased
from 10,583 gigawatt hours
in 2013 to 10,695 gigawatt
hours in 2014 but fell to
9,685 gigawatt hours in 2015
Ghana's electricity supply
fell by 12% in the period
2013-2015. In the same
period, electricity demand
declined by 8.49%. Demand
from residential consumers
fell the most: by 20.39%.
In our study we looked
at the association between
power crises and electricity
demand in Ghana. We used
data from 1980 to 2018 and
in particular, the severe
power crisis of 2012–2015. We
found that power crises are
sometimes followed by a fall
in demand for electricity
from the grid. Consumers
appear to reconsider their
sources of energy.
Our study results showed
that the short term effects
were smaller than the longterm
effects. This suggests
that the adverse impact of
the crisis was so severe that
economic agents did not
respond only in the short
term but also in the long
sis reduced labour productivity
and total productivity
of small and medium manufacturing
firms in Ghana.
There have not been any
studies to establish exactly
what caused households,
businesses and industries
to search for alternative
sources of electricity. But
supply crises may have been
a factor in reducing demand
for grid electricity.
Users took both shortterm
and long-term decisions
to reduce their reliance
on electricity in favour
of alternative fuels. Our
study did not measure the
uptake of alternatives. But a
decision to use alternatives
would insulate users from
the adverse effects of future
power crises.
Some kinds of alternative
fuels used in Ghana, such as
kerosene lamps, crop residue
and candles, can have
serious environment and
health implications .
Recommendations
Our study led us to make
the following recommendations.
Government should not
overemphasise demand side
policies, but augment them
with supply-side policies. In
the past its focus has been
on efforts to reduce peak
electricity demand. This has
included the Energy Comterm.
This indicates that the
over reliance on grid electricity
was reduced forcing
economic agents to resort to
other alternatives.
Due to the adverse effects
that power crisis has on
economic agents, successive
experiences of power crisis
lead them to find long-term
alternatives to reduce the
impact of future power
crisis. The switch to other
alternatives has a potential
financial impact on electricity
consumers, especially for
those switching to renewables
such as solar energy
whose costs continue to
significantly decline .
The insights from our
research into the effect of
power crises on electricity
demand provide planners
with precise estimates
based on scientific evidence.
The study also provides
evidence for the need to pay
equal attention to supply
side policies. Over the years,
Ghana has paid more attention
to the demand side of
electricity.
Big fall in demand
Our main data sources
were the World Bank's
World Development Indicators,
the Volta River Authority
and Ghana's Energy
Commission.
We first considered the
cumulative impact of all the
power crises in Ghana (1984,
1997-1998, 2007-2008, 2012-
2015) on electricity demand.
Then we isolated the effect
of the 2012-2015 crisis. Power
crises in Ghana from 1984
to 2015 reduced electricity
demand by 31.4% overall.
The 2012-2015 crisis alone
reduced demand by 27.6%,
giving an indication of its
severity.
Constraints on the power
that could be supplied on
the grid translated into lower
demand for grid electricity.
People could meet their
potential demand from
other sources such as solar
and generators.
The demand reductions
were huge, considering
the key role of electricity
in households, firms and
industries and the associated
spillover impacts on the
economy.
The 2012-2015 power
crisis was the most intense
and protracted in the history
of Ghana. It started with
inadequate gas supply to
power thermal plants and
inability to supply electricity
from hydro sources due
to poor rainfall. At the end
of 2011, Ghana's electricity
generation mix stood at 67%
hydro sources against 33%
thermal.
In 2012, the utility companies
announced a power
rationing programme which
ended in 2015. At the peak
of the rationing, customers
were provided with an average
of 12.5 hours of electricity
every three days. Ghana
experienced about 159 days
of blackout in 2014 alone.
To add to that, equipment
failures sometimes caused
unscheduled power outages.
Power crises in Ghana
had several impacts on
households, businesses,
industries and the country
at large. One estimate is that
Ghana lost about 1.8% of
its gross domestic product
due to the 2007-2008 power
crisis. Another finding was
that the 2012-2015 power cri-
mission and the Ministry
of Energy rolling out several
policies and standards
designed to improve energy
efficiency. Air conditioners,
lighting and refrigeration
appliances have all been
subjected to regulations and
standards.
Efforts should also be
made to eliminate power
crises, to give households,
businesses and industries
the confidence to rely on
electric power. Policies and
incentives for other sustainable
sources of power such
as renewable energy should
be firmed up too.
And finally, it's important
to investigate the alternative
sources of electricity
that households and firms
were switching to. They may
have environmental and
health implications.
Frank Adusah-Poku does
not work for, consult, own
shares in or receive funding
from any company or organization
that would benefit
from this article, and has
disclosed no relevant affiliations
beyond their academic
appointment.
By Frank Adusah-Poku,
Lecturer, Department of
Economics, Kwame Nkrumah
University of Science
and Technology (KNUST)

Page 10
The Chief Executive
Officer of MTN Mobile
Money Company
Limited, Eli Hini wants
businesses to adapt to
changing trends in technology
Bank of Ghana Governor
Ernest Addison has
said developments
in global capital
markets, combined
with internal challenges that
resulted in the rating downgrade
of Ghana’s economy, have played
out to exacerbate price and
exchange rate pressures in the
domestic economy.
The Ghana cedi, he noted,
came “under severe pressure
in the first quarter of 2022
as offshore investors exited
positions in domestic securities
at a time when domestic demand
for forex had increased”.
Speaking at the 6th CEO
Summit in Accra on Monday,
30 May 2022, Dr. Addison said:
“The FX pressures, coupled
with tight forex liquidity due to
absence from the international
capital markets, contributed
to the significant currency
depreciation”.
Cumulatively, he said the
Ghana cedi depreciated by 15.8
per cent against the US dollar
in the year to 18th May 2022,
compared with an appreciation
of 0.5 per cent in the same period
of 2021.
“To ease off increased
volatility in the foreign exchange
(FX) market, the Bank extended
the forward auctions to include
the Bulk Oil Distributing
Companies”.
“This formed part of the
measures taken by the Bank
to address the FX liquidity
constraints within the local
petroleum sector and aid price
discovery, especially for the
general pricing window within
the downstream sector”, he
noted.
Also, Dr. Addison said recent
Business
DAILY ANALYST Wednesday, 1st June, 2022
Businesses must adapt to changing
trends of technology – Eli Hini
Chief Executive Officer of MTN Mobile
Money Company Limited, Eli Hini
in their operations.
Speaking in the first series
of fora as part of this year’s Citi
Business Festival, Mr. Hini said
businesses willing to resort to
new forms of technology in their
transactions are more likely to
thrive.
“There will be winners and
gainers in every situation, and
what happens is how businesses
adapt to changing trends [of
technology]… Once you do not
get on, you lose out.”
Citing an example to
establish his point, Mr. Hini
said MTN’s decision to digitalise
money transactions through the
introduction of mobile money
has yielded diverse benefits for
the company.
“When we started mobile
money, we started not because
we were ready. It was what was
happening, and we had to get
along with it,” he explained.
Dr. Hini also touched on
strategies that are central
to positioning businesses as
“market leaders.”
He believes businesses need
to adopt the three strategies
of innovation, investment and
channels to stand out.
While he believes innovation
Cedi has depreciated by
15.8% – BoG Governor
price developments indicate
elevated pressures from both
domestic and external sources.
These include the global
energy and food price shock,
and its consequential upward
adjustments on domestic expump
petroleum prices and
transportation costs, domestic
food prices, as well as the passthrough
effects of the recent
exchange rate depreciation.
Headline inflation, he added,
“has increased sharply from 13.9
per cent in January 2022 to 23.6
per cent in April 2022, driven by
both food and non-food prices”.
“The Bank of Ghana’s
inflation target is 8+/- 2 %. The
current inflation of 23.6 per cent
is about three times the central
target of the Central Bank, and
has significantly complicated
the conduct of monetary policy,
making those of us in charge very
uncomfortable”.
“But I am sure that our
discomfort cannot be compared
to the feeling of the ordinary
man in the street who is
confronted with these rapid
changes in prices on a day to day
basis. I think we have all begun
to appreciate the importance of
stability in sustaining livelihoods
and standards of living”.
The developments in the
global economy, Dr. Addison
mentioned, “Have impacted
Ghana strongly as it is occurring
at the same time that the country
is not able to access capital
markets to raise money due to
the rating downgrade, as it has
done for the past few years”.
“This has elevated Ghana’s
external vulnerabilities and
translated into the balance of
payments pressures, although,
the trade surplus improved
somewhat, due to higher crude
oil export earnings. However, the
significant net portfolio reversals
and weak inflows into the capital
and financial account resulted in
a widened balance of payments
outturn and loss of reserves in
the first quarter of 2022”.
“The prevailing tight global
financing conditions, and further
policy rate hikes in advanced
economies continue to make the
external financing conditions
unfavourable, posing real risks to
the external outlook”.
“The developments have
also impacted Government
finances and created financing
challenges for the budget.
The issuance of bonds and
securities have not been met
with significant uptakes by
the market. In response, the
Government announced a series
of expenditure cuts of up to
nearly 30 percent to deal with
the situation. It is expected that
the US$2 billion dollar syndicated
facility will provide some relief to
both the budget and the balance
of payments”.
Ernest Addison
plays a key role in meeting the
changing trends of consumers’
interest and demands, he posited
that channels are necessary for
reaching the customers.
“Innovation is important.
Investment is equally important.
If you do not invest, you will not
get the technology and customer
interest.”
The forum forms part of Citi
FM/Citi TV’s annual month-long
Citi Business Festival, which
seeks to shape businesses.
The Citi Business Festival
is an extensive program of
business events and on-air
Acting Chief
Enablement and
Information Officer
at ABSA Bank,
Justice Amegashie
has underscored the need for
entrepreneurs to embrace
Ghana’s emerging digital
economy to turn around their
businesses.
Speaking on the first of a
series of fora as part of the 2022
Citi Business Festival, Justice
Amegashie said, “the digital
economy is definitely a boost for
entrepreneurs. The main reason
is that our digital technologies
allow scaling up quickly and
broadens your reach.”
Citing examples from the
world of social media marketing,
he said businesses that take
advantage of the digital space
are likely to improve customers’
reach and scale-up.
The forum was themed, “Reimagining
the Digital Economy.”
It explored the possibilities
for business in the new
business ecosystem as the world
approaches the fourth industrial
revolution, which is driving
changes in the new digital
economy.
“For instance, the word is out
for social media marketing. Just
in the comfort of your office, you
are able to reach out on what you
are offering. The cost to produce
activities providing inspiration,
business ideas, and information
to persons who are starting,
building, or growing their
businesses.
The forum’s theme, which
was on the topic, “Re-imagining
the Digital Economy” explored
the possibilities for business in
the new business ecosystem as
the world approaches the fourth
industrial revolution, which
is driving changes in the new
digital economy.
It was hosted by Kokui
Selormey-Hanson with other
panel members from the Bank of
Ghana, IT Consortium and ABSA
Bank.
Later in the week, two other
topics; “Transforming business
using digital technology” and
“Understanding the mobile
finance ecosystem” will also be
discussed.
Opportunities abound in
Ghana’s digital economy
–ABSA Bank’s Justice Amegashie
will even reduce because
you have been able to get the
digitized version of that.”
“In a nutshell, it tackles
the inefficiencies we have in
the traditional setting. So for
entrepreneurs, that reach and
online presence is enormous,
and I think that entrepreneurs
must take advantage of it.”
“The other thing is the
ability to scale quickly. In all of
this, they have the opportunity
to innovate and improve
processes. These are some of
the things entrepreneurs must
allude to and get the needed
advantage”, he added.
The entire month of June is
dedicated to business on Citi TV
and 97.3 Citi FM.
For the 2022 edition, the
themes outlined during the
period are as follows:
Week 1: Re-imagining the
Digital Economy
Week 2: Resetting your SME
after COVID-19
Week 3: The Ghana
Opportunity
Week 4: Consumer Markets
Week 5: Agribusiness
ABSA Bank is the main
sponsor of the Citi Business
Festival 2022 with support from
MTN Momo and MTN Business
Support, Ghana Investment
Promotion Centre (GIPC) and IT
Consortium.

DAILY ANALYST
Wednesday, 1st June, 2022 Page 11
Paris Saint-Germain
have been accused of
"cheating" Financial
Fair Play (FFP) rules
to tie Kylian Mbappe
down to a contract extension,
with Liga chief Javier Tebas confirming
he will be filing a formal
complaint to UEFA.
Mbappe shocked the football
world by announcing his
decision to sign a new threeyear
deal at PSG on May 21, after
months of being strongly linked
with a free transfer to Real
Madrid.
The World Cup winner had
reportedly agreed to terms with
the Blancos only to perform a
late U-turn, leaving Liga chief
Tebas enraged.
What has Tebas said about
the Mbappe deal?
The Spanish football chief
described Mbappe's new contract
as "scandalous" while
questioning how PSG were able
to afford to improve his wage
packet after posting huge debts
in recent years.
Tebas has now doubled down
on his initial comments and suggested
UEFA are in the pocket
of Parc des Princes president
Nasser Al-Khelaifi.
"PSG, with more losses and
wage bill than Real Madrid
or Barca, renew Mbappe with
amounts that high. It is impossible
if there is no cheating on
Kylian Mbappe
PSG accused of
'cheating' with
Mbappe deal
sponsorships or capital contributions
at a level higher than
that established by UEFA," Tebas
said at the Europa Press Sports
Breakfasts.
"Can the PSG president do
what he wants because UEFA is
financially dependent on him? It
can't be."
He added: "We will file the
complaint against PSG first with
UEFA, in one or two days. La Liga
will not allow a European club to
destroy European football. The
complaint is written and is not
posturing, it is objective economic
data."
Barca cannot sign Lewandowski
Tebas also addressed reports
that Barcelona are in contention
to sign Bayern Munich striker
Robert Lewandowski, who has
confirmed that he intends to
leave Allianz Arena this summer.
Blaugrana boss Xavi has confirmed
the club has held talks
with the Poland international,
but Tebas insists they will have
to sell a few players before they
can legally close a deal.
“Barca knows its economic
situation and the rules. I don't
know if they will sell [Frenkie]
De Jong or Pedri or 'Pepito Perez'
[the Spanish clown], but they
know they have to enter more
and sell assets," he said. "Today
they are still unable to sign Lewandowski."
Black Stars head coach,
Otto Addo, has named
Hearts of Oak as his
favourite Ghanaian
club.
During an interview with
Ghanaian journalist Geroge Addo
Jnr, Otto was made to choose
between Hearts of Oak and
Asante Kotoko.
“This is hard," he said with a
smile before making a choice “I
have to go with Hearts of Oak.”
When asked about the first
food he ate when he came
to Ghana, the German-born
Ghanaian coach answered: "I
was running a lot, but because
I love it today, so it must be
'kelewele'(fried plantains
seasoned with spices)."
Otto Addo is currently in
Ghana preparing the Black
Stars for their 2023 Africa
Cup of Nations game against
Madagascar on June 1, 2022.
Hearts of Oak and Asante
Kotoko are the two most
glamourous clubs in Ghana.
Both clubs have won the CAF
Champions League thrice with
Kotoko edging Hearts of Oak with
one more trophy.
Hearts remain the only
Ghanaian club to have won
all three CAF interclub
competitions, Champions
League, Confederations Cup, and
Black Stars goalkeeper,
Razak Brimah, has
said he would do
better than all four
goalkeepers named
in Ghana's squad for the 2023
AFCON qualifiers.
Brimah claims he had a
better season and therefore his
name should have been on the
list
Ṡpeaking on a Twitter space
hosted by Sports Journalist
Alexander Anyankwaa, Razak
Brimah said he would have
started all upcoming Black Stars
matches if he was included in
the squad.
"With all due respect, I can
do much better than them. I
Sports
Otto Addo picks Hearts of
Oak over Asante Kotoko
Super Cup.
Kotoko and Heart were in the
finals of the maiden edition of the
confederations cup, which was
played in Ghana over two legs.
I'm better than all the
goalkeepers in the Black
Stars camp - Razak Brimah
Black Stars goalkeeper, Razak Brimah
respect them a lot but in terms
of quality? I should be part and
I will play all the games with all
due respect to my teammates
and my colleague goalkeepers.
Those who follow me at my
club side and know me from my
time at the Black Stars and also
understand football know that
I'm 100%(good). I'm not bragging
but I know what I can do and
those that know football, know
100%," he said.
Razak Brimah, in the Spanish
third-tier league, played 18
matches for Linares Deportivo,
keeping 8 clean sheets and
conceding 28 goals.
Regarding the numbers of the
four goalkeepers called for the
Black Stars head coach, Otto Addo
Hearts of Oak have won the
Ghana Premier League 21 times
while Asante Kotoko is the most
successful club in the regard with
24 titles.
qualifiers, Lawrence Ati-Zigi kept
8 clean sheets in 33 appearances,
conceding 63 goals, Richard
Ofori kept 9 clean sheets in 20
matches, conceding 8 goals, Jojo
Wollacott kept 11 clean sheets in
39 matches, conceding 43 goals,
while Abdul Nurudeen kept
4 clean sheets in 43 matches,
conceding 40 goals.
In 2017, Razak Brimah used
some unfortunate words on
Ghanaians, using the 'F' word
when he was criticised for his
poor performance at the AFCON.
Despite apologising, the shotstopper
feels the national team
handlers still hold his actions
against him.
"The problem at the Black
Stars is that we do not do the
right thing and we always look
for excuses. In football, there are
no excuses. (But) It's like we are
always waiting for something
to happen to take advantage
of it. Fine, it happened and I've
apologised and I'm sure most
Ghanaians I would say 80%
or 90% have forgiven me. I'm
playing my league and I'm doing
my best. I was in top form and all
that but the GFA or no one said
anything," he added.
Head coach Otto Addo
officially announced his 33-man
squad on Thursday, May 26, 2022.
Ghana will begin their
qualifiers against Madagascar on
June 1, 2022, at 19:00 GMT.