Kofi Ahovi

  The Agbogbomefia of Asogli State, Togbe Afede XIV, is livid about the state of Ghana’s economy, especially the ever-rising cost of living and the record indebtedness resulting from reckless borrowing  Togbe Afede XIV, at the 2024 Asogli Te Za Grand Durbar in Ho, said, “Our country is heavily indebted. The sad part is that we have accumulated so much debt, yet we lack so much, and one wonders where all the money borrowed has gone. "We are suffering the effects of high price increases. Inflation is very high in our country, and the calculated rate is softening recently only because of prior massive price increases - the base effect”. He said though the country is well-endowed, it is often vulnerable to external economic variables. Inflation has eaten so deep into the core of the economy that, “Our cedi knows only one direction, and that is depreciation. From a rate of four cedis to the dollar about eight years ago, it is now more than 16 cedis to the dollar, and that has been ...

  More than 500 delegates from 100 countries will converge on Accra in April this year for the 53rd World Trade Centres Association (WTCA) General Assembly. The 53rd WTCA General Assembly, which will be held in Accra from April 23 to 28, will be the first to be hosted in Africa in the over 50-year history of the WTCA, a global network of 300 business organisations in more than 100 countries. The global event is expected to be one of the biggest gatherings of business executives, investors, financial institutions, international trade organisations, policy makers and entrepreneurs on the African continent. On the theme: “Towards African Economic Integration and Enhanced Global Presence”, the assembly will foster global collaborations among the various WTCs, as well as create trade and investment opportunities for businesses and countries. Economic integration At the media launch of the 53rd WTCA General Assembly in Accra last Wednesday, the Executive Chairman of the WTC, Accra, Togbe...

  The Agbogbomefia of the Asogli State, Togbe Afede XIV has supported the position of individual bondholders who are crying for an exclusion from the Domestic Debt Exchange programme. According to him, the Individual Bondholders Forum’s (IBF) proposal of some fiscal measures to help government save ¢83.5 billion is in the right direction. Togbe Afede XIV has backed this move expressing the belief that cutting costs to some expenditure projects will help save revenue for the economy. There is so much room, I believe, for cutting expenditure. And that is where I think we should be looking at first of all,” he explained. He added his voice when the Individual Bondholders’ Forum led by convener, Senyo Hosi, petitioned him in his office on Thursday. During the courtesy call, Senyo Hosi explained that “Togbe the matter is an eye red matter and for someone who has led the capital market and being one of the players who birthed the capital market, besides your royal place as the Agbogbomef...