LOCAL NEWS
IMF Board proposes 50% increase in quota allocated to members

The Executive Board of the International Monetary Fund has proposed a 50% quota increase allocated to members, including Ghana, in proportion to their current quotas.
This will be subject to the Board of Governors’ approval.
The proposal follows the guidance from the International Monetary and Financial Committee (IMFC) at the 2023 Annual Meetings.
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According to the Fund, the quota increase would help safeguard global financial stability by enhancing the IMF’s permanent resources and reducing reliance on borrowed resources.
The proposal envisages that once quota increases are in effect, borrowed resources comprising the Bilateral Borrowing Agreements and New Arrangements to Borrow (NAB) would be reduced to maintain the Fund’s current lending capacity.
“Concluding the 16th Review with a quota increase will help preserve a strong, quota-based, and adequately resourced IMF at the center of the Global Financial Safety Net. An adequately resourced IMF is essential to safeguard global financial stability and respond to members’ potential needs in an uncertain and shock-prone world,” IMF Managing Director Kristalina Georgieva said after the Executive Board’s decision.
The membership has also acknowledged the urgency and importance of quota share realignment to better reflect members’ relative positions in the world economy while protecting the quota shares of the poorest members, and many members would have supported a quota realignment now, together with the proposed quota increase. Hence, another critical element of today’s proposal is a call on the Executive Board to work to develop, by June 2025, possible approaches as a guide for further quota realignment, including through a new quota formula, under the 17th General Review of Quotas.
“The proposed quota increase comes at a complex time for the global economy and the IMF’s membership. In the spirit of international cooperation, I am hopeful this proposal will garner the broadest possible support from the membership, and that we will then make progress on a quota realignment under the 17th Review,” said IMF Managing Director Kristalina Georgieva.
The proposal also includes a call for work to develop, by June 2025, possible approaches as a guide for further quota realignment.
“As the world grapples with rising fragmentation, today’s decision is a strong signal that the membership can still come together in support of cooperative solutions that instill confidence in the IMF’s ability to effectively support its membership in navigating a challenging global landscape,” she said.
The Executive Board has requested that the Board of Governors vote on this proposal by December 15, 2023.
Approval by the Board of Governors requires an 85% majority of the total voting power.
LOCAL NEWS
MTN Ghana Introduces New Tariffs Effective November 28, 2023

On November 28, 2023, MTN Ghana implemented new tariffs, marking a significant change in the cost structure for their services. This move has captured the attention of consumers, prompting them to evaluate how these adjustments will impact their communication expenses.
The telecommunications industry is dynamic, with companies frequently reassessing their pricing strategies to align with market demands, technological advancements, and regulatory changes. MTN Ghana, as a major player in this sector, regularly updates its tariffs to maintain competitiveness and provide sustainable services.
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One of the notable changes in the new tariffs is the adjustments to call rates. Customers can anticipate shifts in the cost per minute for both on-net and off-net calls. This modification is likely to impact the communication habits of subscribers, influencing the choice between making calls within the MTN network or to other networks.
Additionally, data tariffs have seen revisions, reflecting the growing importance of mobile data in our digital age. As individuals increasingly rely on smartphones for various activities, including work, entertainment, and social interactions, understanding the adjustments to data tariffs is crucial. MTN Ghana aims to strike a balance between affordability and quality service, ensuring that users can access the internet without compromising on speed and reliability.
Moreover, the new tariffs might include changes to SMS charges. With the prevalence of instant messaging apps, traditional SMS usage has declined. However, for certain services and communication scenarios, text messages remain relevant. Subscribers should be aware of any modifications in SMS rates to manage their messaging expenses effectively.
It’s essential for MTN Ghana customers to stay informed about these tariff adjustments to make informed decisions based on their communication needs and budget. The company typically communicates such changes through various channels, including SMS notifications, social media updates, and announcements on their official website.
This tariff adjustment by MTN Ghana may be a response to various factors, such as inflation, infrastructure investments, or changes in regulatory requirements. Understanding the reasons behind these adjustments can provide customers with a broader perspective on the evolving telecommunications landscape.
The new tariffs implemented by MTN Ghana on November 28, 2023, underscore the dynamic nature of the telecommunications industry. Customers are encouraged to review the changes, assess their communication patterns, and make informed choices to ensure their mobile usage remains both convenient and cost-effective in this ever-evolving digital age.
The changes in MTN Ghana’s tariffs are expected to influence consumer behavior in several ways. With adjustments to call rates, subscribers may reconsider their communication preferences, opting for on-net calls to leverage more cost-effective options. This shift could potentially strengthen MTN’s network usage as customers seek ways to optimize their spending. Similarly, alterations in data tariffs may prompt users to reevaluate their data consumption habits, potentially leading to increased reliance on Wi-Fi networks or more judicious use of mobile data. Understanding these shifts in consumer behavior is crucial for both MTN Ghana and its subscribers, as it enables the company to tailor its services to meet evolving needs.
The telecommunications industry is highly competitive, with various providers vying for market share. MTN Ghana’s tariff adjustments are likely influenced by the need to remain competitive in this dynamic environment. Analyzing how these changes position MTN in comparison to other players in the market provides valuable insights into the company’s strategic approach. Additionally, consumers may compare the new tariffs with those of competitors, exploring potential benefits or drawbacks that could influence their decision to stay with MTN or consider alternative service providers.
Effective communication and transparency play a pivotal role in managing customer expectations during tariff adjustments. MTN Ghana must ensure that its subscribers are well-informed about the changes, providing clear explanations for the reasons behind the adjustments. Transparent communication fosters trust and helps mitigate any potential backlash from customers who may be resistant to changes in pricing. Additionally, proactive communication can guide users on how to navigate the new tariff structure, empowering them to make informed choices that align with their communication needs and budget constraints.
Telecommunications companies operate within a regulatory framework that can impact their pricing strategies. Changes in tariffs may be influenced by regulatory requirements, and understanding this aspect is essential for both the company and its users. MTN Ghana’s compliance with regulations ensures a stable and legal operating environment. Subscribers should be aware of any regulatory factors that contribute to these tariff adjustments, as this knowledge can provide context for the changes and help users appreciate the broader industry dynamics shaping their mobile communication experiences.
Source: Eghnews.com
LOCAL NEWS
Let’s live harmoniously to safeguard Ghana’s peace – Peace Council on recent clashes

The National Peace Council (NPC) has called on Ghanaians to live harmoniously with each other to safeguard the country’s peace.
It has urged Ghanaians to protect “the peace and security of the country by creating and using avenues of tolerance, cooperation, and coexistence to sustain the country’s identity as an oasis of peace in Africa.”
This follows the unfortunate violent clashes in some parts of the country which have resulted in the deaths of some citizens.
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Reports from Kintampo in the Bono East Region, Nkwanta in the Oti Region, and Wenchiki in the Northeast Region indicate that violence has led to the destruction of lives and property in these affected communities.
In a statement issued on Wednesday, the NPC reminded Ghanaians “of paragraphs (c), (d) and (i) of
article 41 of the 1992 constitution of the Republic of Ghana which states thus: The exercise and enjoyment of rights and freedoms is inseparable from the performance of duties and obligations, and accordingly, it shall be the duty of every citizen.”
“To foster national unity and live in harmony with others; to respect the rights, freedoms and legitimate interests of others, and generally to refrain from doing acts detrimental to the welfare of other persons. To co-operate with lawful agencies in the maintenance of law and order.”
Read the full statement from the NPC here
citinewsroom.com
LOCAL NEWS
Defence and National Security Ministers to appear before parliament today over Kintampo clash

The Ministers of Defence and National Security are expected to appear before the Defence and Interior Committee of Parliament on Thursday, November 23, to provide a briefing on actions being taken by the government to forestall a clash between the Mo and Wangara tribes in the Kintampo North municipality.
This comes on the back of a summons by the Speaker of Parliament, Alban Bagbin.
According to the Member of Parliament for the area, Joseph Kwame Kumah, tensions were high when the Mo tribe requested to perform rituals within the months of November and December, coinciding with the annual Klubi festival of the Wangara community.
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In response to calls for a ceasefire by the MP, the Speaker directed that the government must take immediate steps to ensure peaceful coexistence.
“As the first authorities to come to this house to brief the committee on Defense and Interior, this is an urgent matter that should be handled with dispatch. I think Thursday should be okay for the two ministers and their commanders to appear before the committee early tomorrow morning by 9 am to brief the committee. It is an urgent matter.”
“The National Security Council through their regional office should immediately intervene because the chieftaincy institution is one of the cornerstones of the peace and security of our country, and we hold that institution dearly. We will do everything to prevent that institution from falling into disarray,” he stated.
citinewsroom.com
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