Connect with us

Government

Nana Akufo-Addo Wins Ghana Presidential Election

Published

on

nana-akufo-addo
  • Nana Akufo-Addo Wins Ghana Presidential Election

Challenger Nana Akufo-Addo won Ghana’s national election on Friday, tapping into an electorate fed up with a sputtering economy and ready for change.

The erudite 72-year-old human rights lawyer cruised to victory winning 53.8 percent of the votes, according to the country’s election agency.

“I will not let you down. I will do all in my power to live up to your hopes and expectations,” Akufo-Addo said to an ecstatic crowd at his house in the country’s capital of Accra.

“I will do my best to serve your interests and put our country back on the path of progress and prosperity.”

Incumbent John Mahama conceded defeat in the evening two days after a hotly contested race that was seen as a test of the country’s democracy in a region plagued by dictators and coups.

Mahama called to congratulate opposition leader Akufo-Addo, whose New Patriotic Party (NPP) supporters had been gathering for hours outside his house after local media gave him a clear lead following the Wednesday vote.

“Yes he has conceded defeat,” George Lawson of Mahama’s New Democratic Congress (NDC) party told AFP.

Akufo-Addo had campaigned on a platform promising to boost growth and deliver jobs.

“The president of Ghana is president for every single Ghanaian,” Akufo-Addo said, as fireworks popped overhead and thousands of people cheered in the streets outside his house.

– ‘Gold standard’ –

Akufo-Addo’s supporters — almost all in head-to-toe white, a symbol of victory — had been dancing on his lawn for hours in anticipation of his victory speech.

At one point, they broke out in an enthusiastic a cappella rendition of Ghana’s national anthem.

“We have won,” said Hajia Mustafa, a 44-year-old trader, flashing a wide smile, “I have my president, I have my choice.”

The high-stakes race between Akufo-Addo and Mahama has been seen as a litmus test of the stability for one of Africa’s most secure democracies.

But fears of widespread violence erupting during the election never materialised, with a generally peaceful voting day followed by calm as the official results trickled in.

“I think Ghanaians should be extraordinarily proud of themselves,” said Ambassador Johnnie Carson of the National Democratic Institute, an election observer.

“Ghana has distinguished itself in the last two and a half decades with integrity and transparency,” Carson said.

“It is a gold standard for democracy in Africa.”

– ‘Escaped violence’ –

Yet while the European Union Election Observation Mission said that Ghana “largely escaped the violence many had feared” it pointed to other areas of concern.

“The misuse of incumbency, including unequal access to state media, and unaccountable campaign financing were areas Ghana could address in the future,” said the mission in a statement.

Akufo-Addo will serve a four-year term in the former British colony, a once booming country that has seen its economy slow, currency deteriorate and inflation soar.

Mahama, who came to power in 2012 after beating Akufo-Addo, had urged voters to “stay the course”, promising to deliver more infrastructure projects.

In his third bid for the top job, Akufo-Addo blasted Ghana’s poor economic growth rate — estimated at 3.3 percent in 2016, the lowest rate for two decades — and laid out a radical vision to transform the country’s economy.

Akufo-Addo had also warned his supporters that “vigilance is key” at the polls in an attempt to avoid a repeat of the 2012 vote — narrowly won by Mahama with 50.7 percent — that he contested unsuccessfully in the country’s Supreme Court.

Ghana is the world’s second biggest producer of cocoa after Ivory Coast and Africa’s second biggest gold producer after South Africa.

But it was forced to turn to the International Monetary Fund (IMF) in 2015 for a bailout as global commodity prices tanked.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Government

EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

Published

on

Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

Continue Reading

Government

Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

Published

on

NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

Continue Reading

Government

Israeli President Declares Iran’s Actions a ‘Declaration of War’

Published

on

Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending