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DEEP DIVE
The National Association of Graduate Teachers (NAGRAT) has a clear message for senior high school heads: stop blocking students from getting medical attention. This call comes after a legal ruling against Achimota School, found negligent in the tragic death of student Kervin Kofi Moses eight years ago. The court slapped Achimota with a GH¢600,000 fine for their negligence.
NAGRAT President, Angel Carbonu didn’t hold back, advising school leaders to prioritize student health over bureaucratic hurdles.
Angel basically said, Dear housemasters and housemistresses, the house at the start of your job title doesn’t make you Dr. House! Quit playing and take the kids to the actual docs or grant them exeats to go home when they’re sick. Read more
Epic Showdown incoming
The Minority in Parliament just hit send on an epic notice to the Ghana Police Service, setting the stage for the #OccupyBoGProtest on July 30. They're calling out Bank of Ghana Governor Dr. Ernest Addison and his two deputies, demanding they bounce.
Bawku Central's MP, Mahama Ayariga, slid into the Greater Accra Regional Police Command’s DMs, mapping out the deets. Protesters will kick things off at Obra Spot at Kwame Nkrumah Circle, vibe through Adabraka to Kingsway, and crash at the Bank of Ghana headquarters.
What's the tea? The Minority's fuming over the BoG's boujee spending on a new head office at North Ridge, which spiraled from $81 million to a jaw-dropping $270 million. Plus, they're dragging the Governor for splurging $40 million on a new crib.
Flashback: The Minority squad hit the streets on October 3, 2023, after BoG reported a gargantuan GH¢60.81 billion loss in 2022. Now, they’re back with a vengeance, accusing Governor Addison of playing Monopoly with real money and ghosting Parliament over GH¢48.4 billion in government debt. Read more
Some of you have told me that when you tell security personnel you're an MP, they respond with 'and so what?’
You’re in a classroom full of five-year-olds finger painting on the walls, building forts out of chairs, and occasionally having a full-on tantrum over who gets the red crayon. Now, swap those kids with Members of Parliament (MPs) and you've got a pretty accurate picture of what Speaker of Parliament, Alban Bagbin, thinks is happening in the Ghanaian Parliament.
Bagbin didn't hold back during his recent lecture to the MPs. He was basically the disappointed teacher telling the class, "I expected better from you." According to him, the public sees the MPs as acting like they're still in kindergarten, which is why they're not getting the respect they think they deserve.
The 8th Parliament of Ghana has been a stage for several WWE-style smackdowns and shout fests, leading to concerns about decorum. Epic Tantrums Include: Wrestling matches during the election of the Speaker of Parliament, scream-offs and near brawls over the 2022 budget approval. Read more
Moody’s is saying something about a financial glow up
Ghana’s debt drama is seeing some light at the end of the tunnel, and Moody’s here for it.
The New York ratings bigwigs have just wrapped up their review, and it looks like Ghana might soon level up from its current Caa3 for local currency and Ca for foreign currency. All this excitement is thanks to Ghana’s debt shuffle under the G20 framework, which kicked off back in December 2022.
Fast forward to June 24, 2024, the Ministry of Finance dropped some major news. They struck a sweet deal with bondholders to restructure a whopping $13.1 billion of Eurobond debt—that’s like 21% of the nation’s total debt last year. This deal means bondholders are saying goodbye to $4.7 billion in principal without any tricky state-contingent conditions.
Before this, on June 12, the Finance Ministry and the Official Creditor Committee (OCC) had their own little vibe sesh, deciding to revamp $5.4 billion of official sector external debt. The IMF chimed in on June 28, giving this plan a big thumbs up. Read more
🤔💭Wondering how credit ratings work? Learn more
QUICK BYTE
NAPO’s Nkrumah Comparison Sparks Major Eye Rolls
In the latest episode of "Who Said What Now?", Ellembelle MP Emmanuel Armah-Kofi Buah threw some serious shade at NPP's running mate, Dr. Matthew Opoku Prempeh (NAPO). Why? Well, NAPO claimed that President Akufo-Addo has outshone Ghana’s OG, Dr. Kwame Nkrumah, in developing the nation since 2017. Read more
WAEC Told Them So
Before the BECE, WAEC calmly told people to delete any shenanigans from their minds. Now more than nine people including the four Bekwai teachers are wearing some special silver jewelry called handcuffs and are now headed for a not-so-fun field trip to court. Read more
New Coach, Major Homework!
Yaw Preko, the former Great Olympics boss, has been handed the reins to Nsoatreman FC and a serious mission: take the team to the group stages of the CAF Confederation Cup!
All eyes on Preko right now. But no pressure, right?😅Read more
FUN FACT OF THE DAY
Tug of War was once an Olympic sport. Yup, from 1900 to 1920, teams made up of tough men from around the world battled it out on the playground field.
The competition was so fierce that in the 1908 Olympics, a controversial match saw the British team accused of wearing illegal boots for extra grip.
Chaale, we could have been Tug-of-War Olympic Medalists. We’ve been robbed of our chance! 😂😂😂😂😂😂
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