Leadership of SWAG with GBA President Kwamina Asomaning, others during the visit

The Sports Writers Association of Ghana (SWAG) is deepening collaborations with key stakeholders to address the challenges facing sports development in the country.

In a recent engagement, the leadership of SWAG, led by President Kwabena Yeboah, met with Kwamina Asomaning, President of the Ghana Association of Bankers (GAB) who doubles as Managing Director of Stanbic Bank Ghana, to discuss potential partnerships aimed at boosting sports in Ghana.

The meeting also provided an opportunity for SWAG to acknowledge the contributions of various institutions toward the growth of sports and to seek further commitments to talent development and grassroots initiatives.

Kwamina Asomaning emphasized the vital role of sports in national unity and economic development, stating that collective efforts are needed to harness the full potential of Ghanaian athletes.

He highlighted plans to expand support beyond professional sports by investing in school-level competitions, recognizing the significance of early talent identification and development.

The SWAG delegation, which included key executives such as Secretary General Charles Osei Asibey, Deputy Secretary General Kenneth Odeng Adade, Women’s Commissioner Mavis Amanor, and Executive Committee member Ohene Bampoe Brenya, commended ongoing efforts to promote local sporting disciplines.

They stressed the importance of sustained investment in various sports, including table tennis, swimming, and cycling, to enable Ghanaian athletes to compete at both national and international levels.

Discussions also touched on past strategic investments in Ghanaian sports, such as support for major events like the 2008 Africa Cup of Nations and the recently concluded African Games. Stakeholders expressed optimism that strengthened partnerships will lead to long-term growth and a more vibrant sporting industry in the country.

The engagement underscores a renewed commitment to sports development, with institutions and stakeholders pledging to work together to restore Ghana’s prominence on the global sporting stage.

Minister of Finance, Dr. Cassiel Ato Forson, has projected a further decline in inflation rates

Minister of Finance, Dr. Cassiel Ato Forson, has projected a drop in Ghana’s inflation rate to 8% plus or minus (±) 2% within the year, down from the current 23.1%, indicating a 13% to 15% reduction in headline inflation.

He made this known during an X Space discussion on Sunday, March 9, 2024, emphasising the government’s commitment to stabilising the economy and addressing the ongoing cost-of-living crisis.

“There is a significant cost-of-living crisis, and it is getting worse. We need to take steps to reverse this trend. Some of the measures include stabilising and consolidating the economy through fiscal discipline to ensure economic stability. Our goal is to bring inflation down to 8% plus or minus ( ±) 2% by the end of the year,” he said.

Inflation rate for February 2025 has declined slightly to 23.1% from the 23.5% recorded in January, largely driven mainly by food inflation.

Government Statistician, Prof. Samuel Kobina Annim, announcing the new inflation rate, attributed the decline to a consistent drop in food inflation over the past four months.

Despite the decline, he pointed out that the February annual inflation rate was still the third-highest recorded in the last 10 months.

SP/AE

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Ghana Airways, once the national pride of Ghana, has a fascinating yet sorrowful story. Founded on July 4, 1958, the same year as Ethiopian Airlines, Ghana Airways started strong with a fleet of aircraft and international routes. However, while Ethiopian Airlines has grown to own hundreds of planes, Ghana Airways ceased operations in 2005.

Dr. Tony Aidoo, a former Ghana Ambassador to the Netherlands, raised a crucial question: why did Ghana Airways fail while Ethiopian Airlines thrived? This question sparked a national economic dialogue, prompting Ghanaians to reflect on the country’s economic decisions and management.

Ghana Airways’ early years were marked by significant growth, with the airline operating flights to various destinations in Africa, Europe, and North America. The airline’s fleet included modern aircraft like the Boeing 707, McDonnell Douglas DC-10, and Airbus A330 .

However, despite its promising start, Ghana Airways began to face significant challenges. The airline’s management and financial struggles led to a decline in services, causing passengers to lose trust in the airline.

One major factor contributing to Ghana Airways’ downfall was its significant debt. By 2002, the airline owed around $160 million, which led to a series of financial crises . The Ghanaian government’s attempts to revive the airline, including a partnership with Nationwide Airlines, ultimately failed.

In contrast, Ethiopian Airlines has continued to grow and expand its operations. The airline’s success can be attributed to effective management, strategic partnerships, and significant investments in modern aircraft and infrastructure.

The demise of Ghana Airways serves as a cautionary tale for Ghana’s economic management. Dr. Tony Aidoo’s question highlights the need for Ghanaians to critically examine the country’s economic decisions and learn from past mistakes.

Ghana’s economic dialogue should focus on identifying the root causes of Ghana Airways’ failure and implementing strategies to prevent similar collapses in the future. This includes promoting transparency, accountability, and effective management in state-owned enterprises.

The story of Ghana Airways also underscores the importance of regional cooperation and learning from neighbors. Ethiopian Airlines’ success offers valuable lessons for Ghana and other African countries seeking to develop their aviation industries.

In recent years, there have been efforts to revive Ghana’s aviation industry, including plans to re-launch Ghana Airways. However, these efforts require careful planning, strategic partnerships, and a commitment to transparency and accountability.

As Ghanaians continue to reflect on the national economic dialogue, it is essential to prioritize the development of a robust and sustainable aviation industry. This includes investing in modern infrastructure, promoting regional cooperation, and learning from the successes and failures of other African countries.

The national economic dialogue should also focus on promoting entrepreneurship, innovation, and private sector development. By creating an enabling environment for businesses to thrive, Ghana can unlock its economic potential and reduce its reliance on foreign aid.

In conclusion, the story of Ghana Airways serves as a reminder of the importance of effective economic management, transparency, and accountability. As Ghanaians continue to reflect on the national economic dialogue, it is essential to prioritize the development of a robust and sustainable economy that promotes entrepreneurship, innovation, and regional cooperation.

Ghana’s economic future depends on its ability to learn from past mistakes, adapt to changing global circumstances, and promote a culture of transparency and accountability. By doing so, Ghana can unlock its economic potential and become a beacon of hope for Africa.

The national economic dialogue should continue to focus on identifying solutions to Ghana’s economic challenges. This includes promoting fiscal discipline, reducing corruption, and investing in human capital development.

Ghana’s economic growth requires a commitment to transparency, accountability, and effective management. By promoting these values, Ghanaians can build a robust and sustainable economy that benefits all citizens.

In recent years, Ghana has made significant progress in promoting economic growth and development. However, there is still much work to be done to address the country’s economic challenges.

The national economic dialogue provides a valuable opportunity for Ghanaians to reflect on the country’s economic progress and challenges. By continuing to prioritize transparency, accountability, and effective management, Ghana can unlock its economic potential and become a leader in Africa.

Ghana’s economic future is bright, but it requires careful planning, strategic partnerships, and a commitment to transparency and accountability. By promoting these values, Ghanaians can build a robust and sustainable economy that benefits all citizens.

The story of Ghana Airways serves as a reminder of the importance of effective economic management and transparency. By learning from past mistakes, Ghanaians can build a better future for themselves and their country.

The national economic dialogue provides a valuable opportunity for Ghanaians to reflect on the country’s economic progress and challenges. By prioritizing transparency, accountability, and effective management, Ghana can unlock its economic potential and become a leader in Africa.

Ghana’s economic growth requires a commitment to transparency, accountability, and effective management. By promoting these values, Ghanaians can build a robust and sustainable economy that benefits all citizens.

The national economic dialogue should continue to focus on identifying solutions to Ghana’s economic challenges.

This includes promoting fiscal discipline, reducing corruption, and investing in human capital development.

Ghana’s economic growth requires a commitment to transparency, accountability, and effective management.

By promoting these values, Ghanaians can build a robust and sustainable economy that benefits all citizens.

The story of Ghana Airways serves as a reminder of the importance of effective economic management and transparency.

https://talentzmedia.com/2025/03/10/ghana-airways-and-ethiopian-airlines-started-the-same-yearethiopian-airlines-has-100s-planesghana-airways-is-dead-why-dr-tony-aidoo/

Ghana’s local currency, the cedi, has recorded marginal gains against major trading currencies, particularly the US dollar, at some forex bureaus.

In its daily update, the Central Bank noted that the cedi is trading at a buying price of GH¢15.54 and a selling price of GH¢15.55 to a dollar.

The British pound is being bought at GH¢20.06 and sold at GH¢20.09, while the euro trades at a buying price of GH¢16.86 and a selling price of GH¢16.87.

Checks by GhanaWeb Business on March 10, 2025, at 08:10 AM indicate that the cedi is trading at GH¢15.90 to the dollar, while the pound is trading at GH¢20.60 at some major forex bureaus across the country.

Additionally, the euro is trading at GH¢17.10 on the retail market.

To curb the depreciation of the cedi, the Bank of Ghana sold over $200 million in the last quarter of 2024.

SA

Meanwhile, watch this Ghana Month special edition of People and Places as we hear the story of how the head of Kwame Nkrumah’s bronze statue was returned after 43 years, below:

Accra Hearts of Oak kept their Ghana Premier League title hopes alive when they recorded a 2-0 victory over visiting Young Apos­tles at the University of Ghana Stadium on Saturday.

Having been dumped out of the MTN FA Cup by lower division side, Golden Kick, via penalties, the Phobians showed their seriousness from the start, registering goals from a header from defender Mi­chael Awuah Mensah and an own goal by Rahman Rulf Abdul.

Hearts, unbeaten in their last seven league games, were on the offensive for virtually the entire game, forcing their guest to do more defensive duties.

After squandering some fine opportunities in front of goal, the fans had something to cheer about when Awuah headed home a cor­ner from Mohammed Hussein on 43 minutes.

They had other opportunities but Issah and Yussif Ramzy failed to find a target.

Three minutes into the second half, a cross from the right side was flicked on by Issah, coming off the foot of Abdul to beat goalkeeper Zulka Masawudu in post for Apos­tles for the second goal.

Emmanuel Fosu Kyei, Daniel Lomotey, and Mathias Van Amegbe came close to reducing the deficit for the visitors but their efforts were dealt with by goalkeeper Ben­jamin Asare.

The win and celebration after­math, however, landed the Phobi­ans in trouble for breaching match day safety protocols.

Hearts was charged with breaches of Article (8) of the GFA Enhanced Matchday Safety and Security Protocols, 2025 and Article 34 (6) (d) of the GFA Ghana Premier League Regulations, 2019, following the clash.

Hearts was cited to have al­lowed unaccredited persons, specifi­cally its supporters to the Safe Zone to celebrate the win.

The action, according to the FA constitutes misconduct and brings the game into disrepute.

The Phobians have until tomor­row to respond to the charges.  

 BY RAYMOND ACKUMEY

AES and ECOWAS

The Chief Executive Officer of Global Media Alliance Group (GMA), Ernest Boateng, has been honoured with the prestigious “CEO of the Year” award at the inaugural SHIMEI Star Influential Awards.

The award is in recognition of Ernest Boateng’s exemplary leadership and contributions to advancing gender equality in Ghana’s media and communications industry.

The ceremony, which took place as part of the ‘Include Her’ Conference, is in line with this year’s International Women’s Day celebrations.

Under Mr. Boateng’s visionary leadership, GMA has consistently demonstrated a commitment to gender inclusivity, notably through the strategic appointment of women to key leadership positions. His administration has been marked by deliberate efforts to amplify women’s voices within the broadcasting industry, providing opportunities for female talents to front prominent radio shows in spaces traditionally dominated by men.

“Mr. Boateng’s recognition is well-deserved and timely,” said Samantha Wuta-Ofei, Founder of the SHIMEI Star Influential Awards. “His leadership exemplifies how corporate executives can drive meaningful change in gender equality while maintaining business excellence”.

Commenting on his award, Mr. Boateng stated: “True leadership is not just about business success; it’s about fostering an environment where everyone, regardless of gender, has the opportunity to thrive.”

“At Global Media Alliance, we champion equity, challenge outdated norms, and amplify the voices of women because a truly progressive workplace is one where diversity is not just acknowledged but celebrated. This award reflects our commitment to building a future where fairness, inclusion, and opportunity define our success,” Ernest Boateng added.

GMA continues to set industry standards for gender inclusivity, creating pathways for women in media and broadcasting while inspiring other organizations to follow suit. Beyond opportunities for staff, Mr. Boateng’s commitment to see women led businesses and initiatives succeed include opportunities created for Ghanaian female business leaders.

The company’s youth brand, YFM, has dedicated the month of March to promote women businesses with a grant value of GHc500,000 in airtime and digital promotions for women led initiatives.

The ‘Include Her’ Conference and SHIMEI Star Influential Awards were established to celebrate individuals and organizations making strides in promoting gender equality and women’s empowerment across various sectors in Ghana and beyond.