Our Constitutional Democracy Is 30 Years

ing or changing our leaders if they go contrary to the Constitution of the Republic but the option is not in an unconstitutional way.

As we celebrate this 30 years of our democratic milestone, the Parliament of Ghana should be celebrated as well.Parliament as the citadel of democracy, is the forum where the population is represented.

Our representatives or Members of Parliament are our legislators and watchers of the the actions and inactions of the Executive.

maybe because of some infrac- giving us the power and the democratic thoughts to be choosing our Presidents from late President Rawlings to the current sitting President Nana Akufo Addo in democratic ways.

Another excellent Parliament was the 2nd Parliament of the 4th Republic(1997).It was a Parliament that produced political and legal colossus such as Hon JHMensah, Hon Nana Akufo Addo, Kwamena Bartels, Ki Konadu Apraku, Papa Owusu Ankomah, Gladys Asmah, Theresa Ameley Tagoe, Hawa Yakubu, Osafo Marfo, Richard Anane, Yaw Barmah, John Achiwulor, SK Boafo, Lawyer Aidoo, Nana Akomea on the side of the New Patriotic Party(Minority).

Ghanaians must commend themselves for sustaining their democracy for 30 solid years.

We should not underestimate this success we have so far chalked.

Many countries on our African continent have not been able to nurture their democratic culture to the stage or the number of years we have reached.

There are many despots on the continent who are not democratic and are not ready to make the process or the culture thrives. Ghana,since 1992 when we accepted democracy as a way of governance system, we have not looked back.

We have elected our leaders both the executive and legislature through the ballot box for 30 years.

We have an independent Judiciary, very vibrant media,vibrant civil society organization,numerous tink- tanks, and all the essential ingredients of Democracy freely doing their jobs.

Presidents Kufour, late Prof Mills and Mahama must be applauded for adhering to the tenets of the Constitution.They served and left o ce without making any attempt to thwart the Constitution.

They served their people to the best of their abilities.

They were not perfect as they were and are humans. Our nation is too partisan and at times with sickening media in some aspects, but it is better than militia or military regimes and despotic governments we see around us.

It is therefore disheartening when some citizens are clamouring for military takeovers

We should never consider such nefarious governments or re-

We have seen them before and nobody will celebrate their style of governance.

The disadvantages of such governments are countless.

Today those who called for the overthrow of their civilian regimes in some of our sister countries are now being incarcerated in their various countries prisons without being given the right to legal process or representation.

They have regretted and are calling for the restoration of Democracy in their countries.

Democracy has its own constraints but the alternative is not military regimes.

Ghana is blessed with the power of understanding to appreciate the relevance of Democracy, rule of law and constitutionalism.

There are processes of remov-

They ensure that the Executive manages the a airs of the population as the law recommends.

They also ensure that the Executive manages the nation's purse very well and serve the people according to the dictates of the law.

The current 8th Parliament of the 4th is the most unique House or Parliament.

Almost an equal number of seats, leading member of the opposition won the seat of the Speaker, an almost rejected member is now the 2nd Deputy Speaker and the most powerful MP and having a member who has been barred by the Supreme Court of the land from holding himself as a member of the House until the Court decides an application brought against his quali cation as a citizen.

He has a criminal and a civil cases hanging around his neck.

Also for the rst time, most majority members of the ruling party are calling on their own Finance Minister to resign else they would not do business with him.

On the Majority side we had Alban Bagbin, Doe Adjaho, John Asiefu Nketiah, JH Owusu Acheampong, Ama Benyiwa Doe, John Mahama etc.

So far so good in our democratic culture.We have not attained perfection but we have gone beyond a good grade.

All hands must be on deck to keep, defend,protect and sustain this culture of Democracy and the Constitution of the Republic.

Ghana is not as bad as some naysayers are trying to portray.

Yes,challenges we have in many areas such as corruption, mismanagement, economic downturn, sanitation and others, but we can still overcome them.

Democracy allows us to criticise our leaders and others, but it must be done within the remit of our laws.

We should halt using any unprintable words against our country, no matter the degree of anger or annoyance.

Congrats to all who contributed and still contribute to the growth of our democratic culture.

Ahmed Osumanu Halid Nima-441

32%

As Nigerians prepare to go to the polls on Saturday to elect a new president, a cash shortage caused by a policy to exchange old Naira notes for newly designed bills continues to cripple the economy, creating a rift in the ruling All Progressives Congress (APC) party. The note swap plan championed by incumbent President Muhammadu Buhari has led to violent protests across the country and resulted in a temporary suspension of banking operations in some states. Several governors have petitioned th e Supreme Court to overturn the policy, citing severe hardship faced by people and businesses dependent on cash for survival.

Buhari’s apparent intention behind the policy is to curb vote buying by politicians, turning a deaf ear to APC governors who have made repeated calls to postpone the implementation of the policy. Amid fears of the current tensions spilling over to political violence, Buhari said he’s mobilising military and security agents to monitor polling stations for evidence of vote rigging. The severe cash shortage has held the currency steady in spite of the economic turmoil, with the Naira strengthening marginally against the dollar to 755 from 756 at last week’s close. In this context, resolving the cash shortage has become more signi cant for the Naira outlook than the election result—with the rate likely to hold around current levels until Naira supplies recover.

Foreign

Down 18%

The Cedi weakened against the dollar, trading at 12.76 from 12.38 at last week’s close as Fitch Ratings cut Ghana’s foreign currency credit rating to ‘restricted default’ after the country missed a $40.6m coupon payment on one of its outstanding Eurobonds. The downgrade aligns with Fitch’s local currency rating, which was cut earlier this month. The foreign debt default was largely expected after Ghana said it would suspend payments on certain bonds as part of its restructuring plan to unlock $3bn in emergency funding from the IMF. The country faces pushback from bondholders over preferential treatment for bilateral lenders, who are being o ered better terms in the debt restructuring. Against this backdrop—and with in ation remaining elevated despite a slight improvement in January—we expect the Cedi to depreciate further in the near term.

Down Down 99%

94%

Shilling strengthens as Uganda

resists rate rise

The Shilling strengthened against the dollar, trading at 3674 from 3684 at last week’s close. Uganda’s central bank kept its benchmark interest rate on hold at 10% for a second consecutive monetary policy meeting. The bank last raised by 100 basis points in October, with rates ending the year 350 basis points higher than they were at the start of 2022. Policymakers said the decision to hold rates was aimed at containing domestic demand pressure and supporting economic recovery. The bank said it expects in ation to slow to its 5% target by the end of the year despite in ation edging up to 10.4% last month. In the near term, we expect the Shilling to weaken amid continued food and energy price in ation.

Foreign Exchange Down

4.8%

Rand sinks to lowest in more than 3 months

The Rand depreciated against the dollar, trading at 18.25 from 18.05 at last Friday’s close—its weakest level since early November. The currency is being dragged lower by broad risk-o sentiment globally and ongoing domestic concerns about the electricity crisis. In an e ort to ease concerns about Eskom’s nances, South Africa’s government said it will take on more than half of the power company’s debt over the next three years to help strengthen the balance sheet and avoid the risk of default. We expect the Rand to continue trading with an 18 handle in the near term, mainly due to the risk-o mood that is impacting emerging markets FX.

The Pound depreciated against the dollar, trading at 30.60 from 30.48 at last week’s close, amid broader risk-o sentiment and a stronger dollar. Egypt this week issued its debut Islamic nance bond, or sukuk, raising $1.5bn. The three-year deal priced to yield 11%, having attracted investor demand of more than $5bn. The deal provides some relief to Egypt’s nance ministry given the country’s need to boost FX in ows and repay existing debt. We expect the Pound depreciate further in the week ahead mainly due to dollar strength.

Kenyan Shilling hits new low as FX reserves dwindle

The Shilling weakened to a fresh low against the dollar, trading at 126.15 from 125.90 at last week’s close amid increased FX demand from the oil and energy sector. The currency has now lost more than 2% of its value this year. Kenya’s foreign currency reserves also dropped to a new record low $6.88bn from $6.94bn the previous week. There are signs of recovery in FX ows: Kenya secured a $27m funding deal with the European Union to boost exports to the 27-nation bloc and strengthen the overall business environment. The government is also anticipating $3.4bn in tourism-related earnings this year as it expects tourist numbers to exceed pre-pandemic levels. In the immediate term, however, we expect the Shilling to remain under pressure as importers clamour for dollars to meet month-end obligations.

11.7%

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• Company is incorporated in Ghana with exclusive Ghanaian shareholders and directors. We require all appropriate company documentation as well as copies of identification of the shareholders and directors to meet this requirement Interested companies currently not compliant should ensure compliance with this requirement by 30th April, 2023

• Company is registered with the relevant regulatory and professional bodies.

• Company has or is affiliated to at least one licensed health facility in Ghana, actively in operation. We require a copy of the valid license, specific location (including GPS address) and pictures of such facility.

• Capability and proven records of successfully providing professional medical services. We require experience statement with verifiable references to support this capability.

• Financial strength and ability to provide uninterrupted medical services for a minimum of two years. We require any document to support this capability.

• Robust quality management system (Quality Assurance/Quality Control – QA/QC) to effectively execute the medical services; ISO or similar certified QA/QC would be an added advantage.

• Full compliance with all applicable health and safety, environmental and any other relevant and/or applicable standards. We require health and safety management plan and environmental management plan to support this capability.

• Well defined company structure and verifiable evidence of competency of employees.

January 20,2023

FEBRUARY 17, 2023

Please express your interest by submitting an e-mail to Tender.NGRL@Newmont.com indicating the name of your company, contact person and telephone details. You should also include all the requisite documents demonstrating your ability to comply with the above minimum criteria.

All expressions of interest should be accompanied by a formal letter on the interested service provider’s letterhead (submitted to the above e-mail address), with subject “AKY RFI-004-2023 – Professional Medical Services” by close of business (5:00 p m GMT) on Friday 3rd March 2023

NewmontAfrica’sLocalSourcingPolicyandActionPlanispublishedonourwebsitewww newmont com

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