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Take action to arrest depreciating cedi

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The Ghana Union of Traders Association (GUTA), is asking the government to initiate stringent measures to stabilise the cedi.

According to GUTA, the constant depreciation of the cedi to the dollar is gravely impacting business activities, contributing to the current economic hardships.

In an interview with Citi News, the Vice President of GUTA, Clement Boateng, outlined some measures to be considered by the government in addressing the problem.

“Everything that we do is benchmarked on the dollar and we think the government must do something about the situation. If we talk about the telcos, the oil and extractive sectors, at the end of the year, they are repatriating their profits back, and you can see the chunk of monies they take from here so the government must look at its investment laws,” he said.

The Ghana cedi has recently been under serious stress depreciating against major trading currencies including the US dollar.

Between January and March 2022, the currency has lost more than 14% of its value, a very significant drop compared to previous changes.

The development is leading to rising cost of products in the country including cement and fuel.

The government is yet to make any direct pronouncement on what actions it is taking to tackle the problem, although various stakeholders have been making some suggestions.

The Association of Ghana Industries President, Dr. Humphrey Ayim-Darke, believes moves to reduce the import of finished goods will be in the best interest of the cedi, which continues to fall to the dollar.

He blamed traders importing finished goods for contributing to the struggles of the cedi.

“They put pressure on the exchange rate because they demand it for finished products…. By virtue of their deeds, bringing only finished products, if you look at the value chain of value addition, it is limited…They don’t create enough jobs and the turnaround of their funds in the value chain is short. When you bring in raw materials, the value chain is longer,” he said.



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Man proposes to girlfriend at her father’s burial

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A South African pastor has received serious backlash after he decided to propose marriage to his girlfriend at her father’s funeral.

In a video that has been widely circulated, the man was seen kneeling in front of his girlfriend with a ring while she cried uncontrollably.

Family and friends who were standing by the coffin watched in dismay while the Pastor poured out his heart to his grieving girlfriend.

The lady who was mourning her father accepted the ring amidst claps from the mourners present.

Watch the video below;

This video has received mixed reactions from social media users who described the Pastor’s act as insensitive and manipulative.

Read some comments below;

Lucas Moagi wrote; “Why propose when she is at her weakest and vulnerable? It’s insensitive and just damn selfish of him”.

Musa_1 added; “Attention will be the end of us one day”.

ThatoDO1 stated; “This is by far the most unhinged marriage proposal I have ever seen. Not only is this man fighting to be the main character at someone else’s funeral, he is also taking advantage of a grieving woman who’s in no position to think this through, and putting her under pressure. Sick!”.

Skugonza 5 commented; “This is so inconsiderate and weird. So that her engagement day will be this big reminder that she also lost a loved one???? Was this man dizzy?”.

Gozielum added; “This guy is taking advantage of her vulnerability seems he is interested in the girls inheritance. This is so disrespectful. I will hit your head if you come close to me. Selfish man”.

Miranda_M indicated; “Also this is extremely manipulative considering how vulnerable this woman is and would do anything to feel an ounce of happiness”.





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Butcher allegedly kills colleague over earpiece

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A 23-year-old butcher has been apprehended by the police for allegedly murdering his colleague over an earpiece at Kaneshie, Accra.

The suspect identified as Baba Ibrahim was reported to have stabbed 25-year-old Alhassan Zakari with a broken bottle.

According to reports, Baba Ibrahim got into a scuffle with Alhassan over earpiece and stabbed him with a broken bottle in the process.

The Assistant Commissioner of Police and the Kaneshie Divisional Police Commander, ACP Edward Faakye-Kumi confirmed the unfortunate incident.

ACP Edward Faakye-Kumi disclosed that Baba Ibrahim, who had a broken bottle in his hand, was escorted to the police station by a group of men with a swollen face and bruises on his arms.

The young men explained how the two butchers got into the scuffle and the victim was rushed to the Korle Bu Teaching hospital as he sustained serious injuries.

ACP Faakye-Kumi indicated that the victim was confirmed dead when a police detective went to the hospital.

The doctors revealed that Alhassan Zakari died while he was receiving treatment and his body has been deposited at the hospital’s morgue.

The suspect is currently in police custody after he was also discharged from the Kaneshie Polyclinic where he was treated for his bruises to aid in investigations.



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“Where’s Chioma?” Reaction as Davido’s girlfriend moves into his house

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Fans have been asking questions about the whereabouts of Chioma Rowland, the known girlfriend and baby mama of Nigerian singer Davido.

This comes after Davido’s new girlfriend Ama Reginald has reportedly moved into the singer’s house.

According to reports, the social media influencer now lives with Davido in his house and performed duties as the bonafide replacement for Chioma.

Netizens also suspected that the crooner was the one who purchased the Range Rover SUV she flaunted a few weeks ago.

According to gistangelblog, Ama Reginald now spends more time with the artist, stays in his residence on a regular basis, and cruises in his private jet.

Read Post Below…

On the back of that, any netizens have been asking about Chioma. Many believe Davido has made a strong statement about his relationship with the cheff by allowing Ama Reginald to move in with him.



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