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Ghana signs $66 million agreement with China in respect of James Town Fishing Port Complex

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Finance Minister Ken Ofori-Atta

Ghana and China have signed agreements totaling $66 million to support the Jamestown Fishing Port Complex and the implementation of projects, including the second phase of the University of Health and Allied Sciences.

Under the bilateral agreement, China is providing a grant of about $16.0 Million to Ghana for the implementation of projects including the Phase 2 of the University of Health and Allied Sciences.
As regards the Exchange of Notes on Jamestown Fishing Port Complex, China is providing an amount of about $50 million for the implementation of the Project.

The project is in three major parts, involves the dredging (about 118,000 cubic meters) harbour basin and shipping channels; construction of hydraulic structures (about 1,200 meters) composed of berths, Seawall and a breakwater; and construction of administration, production and supporting facilities, including an office building, kindergarten, trading market, processing area, commercial area and other production and supporting facilities.
The project is expected to enhance the productivity of the fisher folks and create about 1,000 job opportunities for the teeming youth in the community.

Finance Minister Mr. Ken Ofori-Atta signed Ghana and Madam Sun Baohong initialed for China.
Mr. Ofori-Atta said the signing marked another important milestone in the bilateral economic relations between Ghana and the People’s Republic of China as it reaffirmed commitments and determination to broaden and deepen the bilateral cooperation between the two countries.

He said Ghana currently was at a stage in its development trajectory that required massive investments.
“Indeed, if we are to achieve this aspiration, there is the need for that critical mass of resources to push the economy beyond aid right from the onset of the implementation of strategies to get there,” he said.
Mr. Ofori-Atta said the government was striving hard to ensure macroeconomic stability that would help create the enabling environment for accelerated economic growth to catapult Ghana beyond aid.

On her part, Madam Sun said China and Ghana have been very important development partners, saying bilateral trade between Ghana and China last year reached 6.67 billion US Dollars and it ranked sixth among 54 African countries.
“China is Ghana’s largest trading partner and what is worth noting is that Ghana’s export to China surpassed 1.85 billion dollars and registered an increase of over 41 percent,” she said.

Last year, China’s financial investment in Ghana reached $123 million and they have invested in 25 projects, the number of the projects ranked top among all the foreign investment countries.

Madam Sun said China 80 satellite TV project to 300 Ghanaian villages would be implemented in May while the James Town Fishing Port Complex would kick off within this year.

“We are doing feasibility studies on phase two of University of Health and Allied Sciences now and we are going to do the feasibility for Cocoa Processing Project in Sefwi Juaboso, and we have begun the implementation of donation of police vehicles and equipment,” she said.

She said China fully supported Ghana Beyond Aid initiative of the government and we wish that this aspiration will be realized with the help of international partners.

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More People To Die As Witches Hold National Conference In The Brong Ahafo Region : Prophet Reveals

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A Ghanaian prophet, Apostle Anthony Sampson Asamoah has revealed that Witches in Ghana will hold a National Conference in Bodaa, a small community in Brong Ahafo Region ahead of the Christmass Season.

Apostle Anthony Sampson Asamoah is the Prophet in charge of Presbyterian Gethsemane Prayer Camp in Brong Ahafo Region and according to him, the witches in Ghana are planning a massive conference which will shake the nation and hundreds will be dead before the year ends.

The prophet also revealed that their plan is not collect more blood through accidents. At the meeting, they will train and initiate young witches and wizards into their association.

Apostle Anthony Sampson Asamoah called on Christian leaders in Ghana to be strong in prayers to fight the National Conference because it will bring nothing but disaster into Ghana. The prophet made this revelation on Adom FM.

This is not the first time such announcements have been made in Ghana. A few years ago, a pastor revealed Witches were set to hold a National Conference in the Same Brong Ahafo Region specifically in Bechem.

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Ethan Ampadu Signs Five-Year Chelsea Contract Extension

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Ethan Ampadu

Ethan Ampadu has signed a five-year contract extension at Chelsea, keeping him at Stamford Bridge until 2023.

The 18-year-old Wales international of Ghanaian descent is yet to feature under new head coach Maurizio Sarri, but made seven appearances under his predecessor Antonio Conte last term.

Speaking to Chelsea’s official club website, he said: “I’m really proud and happy. I’m looking forward to the next five years and all I have got to do now is continue to work hard, and hopefully, good things will happen.”

Chelsea director Marina Granovskaia added: “Ethan has shown great potential and unbelievable maturity since arriving at Chelsea a year ago.

“In this short time he convinced a lot of people with his exceptional quality and mentality and we look forward to watching him develop into a key player for the club over the coming years.”

Asked last week what Ampadu has to do to break into the Chelsea starting XI, Sarri said: “In this first period, for me it was very important not to change especially the defensive line.

“But I hope in the future to be able to give space to everyone, even the defenders. In the first period, as you know, it’s very difficult to change the defensive line.”

Cardiff boss Neil Warnock said, ahead of Saturday’s 4-1 defeat at Stamford Bridge, that he would be keen to take Ampadu on loan, saying he “doesn’t look out of place” at the top level.

Ampadu announced himself on the international stage during his competitive Wales debut – a man-of-the-match display in a 4-1 victory over Republic of Ireland – leading to calls for him to make the Blues first team.

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Menzgold Extends Suspension Of Dividend Payments, Gold Vault Market Services

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Menzgold

Gold dealership, Menzgold, has extended a six-day suspension of its Gold Vault Market services.

The embattled firm has now set September 28, 2018 to resume the controversial service.

In a release Tuesday, Menzgold has informed its customers that “Following our correspondence with the Securities and Exchange Commission (SEC), we regret to advise that the Gold Vault Market product services will continue to be suspended until the 28th September, 2018 to enable us reach a useful conclusion with the Securities and Exchange Commission (SEC).”

Menzgold announced last Thursday that it has temporarily halted its collectables and any new business related to its gold vault market.

The company explained at the time that the halt of the service, also called extra value payments, will resume on September 19, “by which time we believe all pending issues related to the Gold Vault Market Product would have been ironed out.”

The SEC and the Bank of Ghana are fighting the company over claims it is operating a business not covered by its operating licence.

Menzgold insists its services do not breach any regulation.

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