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France : Macron battle with Le Pen for presidency

Emmanuel Macron has won the first round of the French election and far-left rival Marine Le Pen will fight him for the presidency for a second time.

“Make no mistake, nothing is decided,” he told cheering supporters.

In the end, he won a convincing first-round victory, but opinion polls suggest the run-off could be much closer.

Ms Le Pen called on every non-Macron voter to join her and “put France back in order”.

With 97% of results counted, Emmanuel Macron had 27.6% of the vote, Marine Le Pen 23.41% and Jean-Luc Mélenchon 21.95%.

Kingmaker on far left

Veteran far-left candidate Jean-Luc Mélenchon polled even better than five years ago and now has the unlikely role of kingmaker.

“You must not give a single vote to Marine Le Pen,” he warned his supporters, but unlike other candidates, he pointedly did not back the president instead. Later in the evening, Mélenchon activists gathered outside his campaign HQ thinking he might even come second, but it was not to be.

Making up more than a fifth of the vote, Mélenchon voters could decide the final round of this election, yet many of them may just sit the second round out and abstain.

Twelve candidates were in the running, but these were the only three who polled more than 10%. Many voters appeared to embrace the idea of tactical or “useful” voting, deciding that the other nine candidates had no hope of making the run-off.

Several of the nine had little chance anyway, but the 2022 presidential election will be partly remembered for the disaster that befell the two old parties that used to run France, the Republicans and Socialists. They sank almost without trace, with Socialist Anne Hidalgo falling below 2%.

It was only a few months ago that Valérie Pécresse was still in the race for the right-wing Republicans. She performed so badly, her party could not even scrape the 5% needed to claim its election costs.

This is potentially terrible news for a party already tearing itself apart. Parties that fail to reach 5% only get €800,000 (£670,000) of their campaign funding covered by the state, and the Republicans will have paid out far more than that.

Run-off campaign starts now

A renewed battle for votes is under way. Marine Le Pen can count on supporters of Eric Zemmour, whose more hardline nationalism won him fourth place and 7%. Nationalist Nicolas Dupont-Aignan has also backed her. She can already count on an impressive 33% of the entire vote.

Mr Macron’s team is planning a series of big rallies and major TV appearances. Most of the other candidates on the left have backed him, as has Valérie Pécresse, but one-time Socialist candidate Ségolène Royal said the president now had to “earn” victory.

Ifop pollster François Dabi said his company’s 51%-49% estimate for the run-off was the closest they had ever predicted. An Elabe poll put the gap at 52%-48% and an Ipsos poll suggested it was wider still.

Addressing his supporters, Mr Macron looked a relieved man and he promised to work harder than in the first part of the campaign. He had only started campaigning eight days before the vote, his mind more focused on Russia’s war in Ukraine.

“When the extreme right in all its forms represents so much of our country,” he said, “we cannot feel that things are going well.”

He addressed Le Pen voters too: “I want to convince them in the next few days that our project answers solidly to their fears and challenges of our time.”

Ms Le Pen said it was time for a “great changeover”, with a fundamental choice on 24 April of two opposite views: “Either division and disorder, or a union of the French people around guaranteed social justice.”

She has built her campaign around the cost-of-living crunch facing much of Europe, promising to cut taxes and waive income tax for under-30s. There has been less emphasis on nationalism, but she wants a referendum on restricting immigration, radical change to the EU and a ban on the Islamic hijab in public areas.

The campaign only sparked into life in the final fortnight, first because of the Covid pandemic and then the Russian war. But in the end, the spring sunshine meant turnout was not as low as feared, at almost 75%.

One in four young voters backed the president, although more than one in three 18-24 year-olds opted for Jean-Luc Mélenchon, according to Elabe pollsters.

Marine Le Pen performed best among 35-64 year-olds, while the president was favoured by over-65s.

It was already clear from Mr Macron’s speech that he planned to target Ms Le Pen’s close links with the Kremlin. Although she has condemned Vladimir Putin’s war, she visited him before the previous election in 2017 and her party took out a Russian loan.

He wanted a France that made alliances with great democracies to defend itself, he said, not a state that would leave Europe and have only populists and xenophobes for allies.

Source: BBC

Youth clashes with Police at Akatsi,2 dead

 

Two people are confirmed dead in Akatsi following a clash between the youth and the Police on Sunday April 10.

The main reason for the protest by the youth in Akatsi is because of an alleged involvement of the Police in the death of a young man on Saturday.

Reports from Volta Region indicate there is tension in the community and extreme fears of retaliation.


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The Ghana Police Service are yet to respond to the media on the development..

More updates.


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E-Levy implementation to commence on May 1

The Ghana Revenue Authority headed by Mr. Ammishaddai Owusu-Amoah has sent a reminder to the General Public that the deduction of the Electronic Electronic Transfer Levy Act 2022 (Act 1075) implementation of the Levy commences on 1st May 2022.

The Levy was accented by the President of Ghana on March 31,2022.

https://countryghana.com/e-levy-is-now-verified-as-nana-addo-assents-it-into-law/

Details of the Act:

Electronic Transfer Levy Act, 2022 (Act 1075)

 An electronic Transfer levy is imposed on 1.50% on electronic transfers. The levy is charged on an electronic transfer at the time of the transfer.

  • The Levy applies to the following transfers:
    • Mobile money transfers done between accounts on the same electronic money issuer
    • Mobile money transfers from an account on one electronic money issuer to a recipient on another electronic money issuer
    • Transfers from bank accounts to mobile money accounts
    • Transfers from mobile money accounts to bank accounts
    • Bank transfers on an instant pay digital platform or application originating from a bank account belonging to an individual subject to a daily threshold to be determined by the Minister of Finance.
  • The Charging Entities are:
    • Electronic Money Issuers
    • Payment Service Providers
    • Banks
    • Specialised Deposit Taking Institutions
    • Other Financial Institutions prescribed by Regulations made under the Act

JUST IN:Accident at Takoradi Anaji Choice Mart Traffic One Dead

The accident occurred at 12:11pm on April 9 at around Anaji Choice Mart Traffic Light.

According to an eyewitness,Brandford-Mensah,the accident involved a Tipper truck and a motor rider.He explained that,when the Traffic light changed to green ,the motor rider wanted to overtake but unfortunately for him he geared towards the back tyre of the said moving tipper truck to which his head got smashed.

The Ghana Police arrived to scene at 12:35pm to investigate and has then taken the body to the morgue..

More Update soon

Daily outages to hit Accra from Saturday to June – GRIDCo

The Ghana Grid Company Limited has announced that from Saturday April 9,2022 to Thursday June 30,2022 most parts of the Accra will experience outrage.

According to them the main purpose is to help them upgrade the transmission of the two lines because of the High demand for Electricity in Accra and its environs.

It will affect those around Dzorwulu and Avenor.

Check below the full public Announcement

We have workable policies than NPP-Dr Duffour

Dr Kwabena Duffuor who served as a Minister of Finance in the National Democratic Congress believes they have workable policies than the New Patriotic Party.

The National Democratic Congress Launched ‘Ahot) Project’ in Ashaiman on April 7.

He said ‘the revenue of the NDC fully belongs to the grassroot and not those at the top”.

He then added that the main purpose of this initiative is to strengthen the party members to enable them capture power in 2024.

KIA: London to Accra Flight returns over Malian airspace closure

Ghana Airport and Ghana Civil Aviation Authority (GCAA) has released a press statement to the General Public to draw their attention on an inconvenience report they received from the British Airways.

The issue is that due to Airport restriction in Bamako,Mali ,Flight BA 081 had to return to London.

Below is the full statement issued

Bawumia must know real economics and politics don’t mix – Prof Adei

Vice-President Mahamudu Bawumia is one of the best economists ever, fellow economist Prof Stephen Adei has said.

“As an economist, honestly he [Dr Bawumia] is one of the best but as a politician, and typical of politicians, he spoke against the government while in opposition but when they came into power then the reality hit them in the face and I believe that is how all opposition politicians are”, Prof Adei told Kwame Obeng Sarkodie on Accra100.5FM’s morning show Ghana Yensom on Thursday, 7 April 2022 ahead of Dr Bawumia’s lecture on the economy that same day.

In his view, Dr Bawumia is now facing the real heat after having come into power.

“So, yes, the reality has now hit him in the face and secondly the assumptions have changed because there was no COVID and a Ukrainian war while he was in opposition”.

“So, real economics is different from politics”, Prof Adei said.

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During his lecture later on the same day, Dr Bawumia said Ghana’s huge debt stock can be blamed on the financial cleanup exercise that resulted in the collapse of some nine local banks as well as the COVID-19 pandemic.

Addressing a National Tertiary Students Confederacy (TESCON) Training and Orientation Conference at Kasoa in the Central Region, Dr Bawumia said the country’s debt to GDP ratio had “increased by 17.6 per cent” between 2019 and 2021.

“It should be noted that without the 15.1 billion of the exceptional items – the financial sector, and Covid, Ghana’s debt to GDP would have been about 68 per cent instead of the current 80 per cent,” he said.

Dr Bawumia said although the COVID-19 pandemic has shaken the strong foundation of the Ghanaian economy, the growth of the economy is fundamentally stronger than it was between 2013 and 2016.

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He said: “The path of inflation in Ghana has been similar to those of other countries following the COVID pandemic. Inflation had declined from an average of 17.5% in 2016 to an average of 7.2% in 2020. Since the pandemic, inflation has increased to an average of 10% in 2021.”

“As of February 2022 inflation rose further to 15.7% as a result of global conditions, including a rise in crude oil and other commodity prices and the Russian-Ukraine conflict. It is important to note that between 2013 and 2016 inflation averaged 15.9%. Between 2017 and 2021, however, inflation has averaged 10.4% notwithstanding the impact of COVID-19.”

Interest rates

Dr Bawumia said notwithstanding COVID-19, interest rates are lower now than they were in the 2013 -2016 period.

“Before COVID-19, the steady disinflation process provided scope for significant monetary policy easing. The Bank of Ghana’s Monetary Policy Rate (MPR) was cut by a cumulative 11% between January 2017 and January 2021.”

“This translated into a reduction in short term interest rates, with the interest rate on the 91-day Treasury bill declining from an average of 21.2% between 2013 and 2016 to an average of 13.8% between 2017 and 2021. Lending rates have also fallen from an average of 28% between 2013 and 2016 to an average of 23% between 2017 and 2021,” he said.

Dr Bawumia added that in response to the recent increase in inflation, the Bank of Ghana has increased the policy rate by 2.5% from 14.5% to 17.0%.

Fiscal balance and debt

Bawumia said the robust fiscal discipline under the Akufo-Addo-led administration is a contributing factor to the country’s strong economic fundamentals.

“The developments in the fiscal balance show a remarkable and sharp dichotomy between the fiscal deficit (i.e. the 23 differences between government revenue and government expenditure) before the COVID-19 and after COVID-19. The fiscal deficit between 2013 and 2016 averaged 7% of GDP. Between 2017 and 2019 (before COVID-19), the fiscal deficit declined to an average of 4.5%.”

“For the first time in a decade, Ghana recorded primary balance surpluses (for three years in a row). To sustain the path of fiscal discipline, parliament passed into law a Fiscal Responsibility Act that limits the fiscal deficit in any year to a maximum of 5% of GDP and requires a positive primary balance (that is our tax revenues should exceed all government spending, excluding debt service payments),” he said.

External Sector Performance

He added that the country’s external sector performance is the strongest as compared to the trade deficit of US$1.7 billion recorded from 2013 to 2016.

“Ghana’s external payments position strengthened in the 2017-2021 period relative to the 2013-2016 years. For the first time in over 30 years, the trade balance (the difference between what we export and what we import) recorded a surplus for five successive years,” he said.

“The trade balance was in the deficit between 2013 and 2016 but moved from a deficit of US$1.7 billion in 2016 to a surplus of US$1.1 billion in 2017, a larger surplus of $1.8 billion in 2018, and an even larger surplus of US$2.2 billion in 2019. The impact of 19 COVID-19 has seen a reduction of the surplus to US$2.04 billion in 2020 and a further reduction to US$1.1 billion in 2021.

“…Nevertheless, this is still a much stronger performance than the trade deficit of US$1.7 billion recorded in 2016 (which was one of the stronger performances in the 2013-2016 period.

Steps will be taken to regulate cement production – Deputy Trade Minister

Michael Okyere Barfi who serves as the Deputy Minister of Trade and Industry Michael Okyere Barfi has emphasized that, a committee will be set soon by the government to help monitor the cement sector.

He said this will enable the government to reinforce standardization at the construction sector.

Mr Baafi said this at the launch of a joint partnership with Kumasi Technical Universities’ Institute of Research, Innovation and Development and CIMAF Ghana Limited.

The main purpose for this programme is to give formal training and certification to 1,400 artisans who have been selected nationwide to be trained to buttress the informal training they have received already.

The Technical Director of CIMAF Berzouki Abdelkarim noted that, CIMAF Ghana will not relent on its effort to sharpen the skills of artisan within the construction sector.

He explained that, as a company whose main aim is to see Africa excel in all aspect of its development, the company cannot risk this golden opportunity of Skills development agenda of the government of Ghana through its TVET programme.

The Director of Sales and Marketing of CIMAF Ghana Mr. Joseph Kobina Aboo further explaining the purpose of the initiative said, without skill enhancement, artisans who are mainly the end user may not be able to utilize the full benefit of the various grades of cement for a better construction industry.

He therefore urge the beneficiaries to take the training opportunity serious

I never helped Ato Essien to take money from Capital Bank – Former MD

The former Managing Director (MD) of defunct Capital Bank, Reverend Fitzgerald Odonkor, has told an Accra High Court he did not assist the founder of the institution William Ato Essien in taking money from the bank.

“I say that I have not abetted the 1st Accused in taking money of Capital Bank as alleged, I only acted as an employee of Capital Bank which executes decisions of the Board to the best of my ability”, he stated.

Reverend Odonkor, together with the bank’s founder William Ato Essien and businessman Dr Tetteh Nettey, have been slapped with 26 charges, including stealing various sums worth over ¢260 million.

State Prosecutors allege that between June 2015 and October 2016, William Ato Essien, with the support of Rev. Odonkor, appropriated a total of ¢27.5 million of the liquidity support, which was conveyed in jute bags.

Mr Essien is said to have further taken money given to the bank as liquidity support by causing ¢100 million to be paid into a Capital Bank Account held by the Managing Directors of the following three companies; Maripoma Enterprise Limited, Hardwick Limited and Volta Impex Enterprise Limited opened purposely to receive the amount.

The ¢100 million was to be used by the Managing Director of the three companies ostensibly as payment for 30% shares in Capital Bank.

The state says as part of the cover-up of this act, Mr Essien prevailed on the Managing Director of the companies to submit copies of Government Payment Certificates of the three companies valued at ¢135million to be discounted to ¢105 million by Capital Bank to be used as collateral for the purported loan of ¢100 million.

Rev. Odonkor told the court the Capital Bank Board approved these certificates.

“I say with regard to Discounting of Certificates of Maripoma, Volta Impex and Hardwick; the transaction for capitalization was approved by the Board. Management went ahead to verify the certificates from the Ministry of Finance and Urban Roads,“ he explained.

He stated further that he has never signed any cheque or transfer instrument “regarding the matters” for which he has been charged in court.

“I say that I am not guilty of any of the charges against me,” he concluded.

The case has been adjourned to April 28, 2022, for continuation.

Source:myjoyonline